Search found 258 matches

by novicemoney
Mon Sep 10, 2018 3:10 pm
Forum: Personal Consumer Issues
Topic: Hurricane Florence - survival guide
Replies: 87
Views: 6700

Re: Hurricane Florence - survival guide

If you put duct tape over the drains in your bathtubs before you fill them, the water won't slowly leak out. And perhaps it goes without saying, but you never know: Use the bathtub water only for flushing toilets and bathing. Either buy drinking water or fill clean containers with drinking water fr...
by novicemoney
Mon Aug 20, 2018 10:47 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3819
Views: 1078672

Re: What Movie Have You Recently Watched?

The Guernsey Literary and Potato Peel Pie Society starring Lily James. Ms. James stars as an english writer in 1946. She is researching a group who form a book club during the occupation of the isle of Guernsey by the Germans in WWII. There are a few mysteries and questions that the heroine finds d...
by novicemoney
Fri Mar 16, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax Requires Drivers License for EFile
Replies: 24
Views: 2512

Re: Turbotax Requires Drivers License for EFile

Just efiled my federal return last night. It required driver's license info for myself and DW. Maybe it is a way to verify your e-signature on your return. FWIW.
by novicemoney
Sat Feb 17, 2018 10:06 am
Forum: Personal Consumer Issues
Topic: used Prius (or Chevy Volt?)
Replies: 51
Views: 5030

Re: used Prius

I purchased a 2013 used one with certified pre-owned warranty about 6 months ago. 40k miles for around $16k. Plug in. Note that the used plug in ones cost about the same as a regular similarly equipped prius. Several reasons for this but I could not find a significant drawback. Anyways- in general ...
by novicemoney
Fri Feb 16, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 156
Views: 13220

Re: I'm Cancelling My Home Insurance

essbeer wrote: ↑
Fri Feb 16, 2018 1:51 pm
I though homeowners insurance was usually required for umbrella insurance, car insurance too.
I thought this too. In fact when my son got his umbrella policy, he needed to upgrade his liability portion of his car insurance policy.
by novicemoney
Fri Feb 16, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: MarketWatch article-Vanguard investors kept their cool during stock-market turmoil
Replies: 18
Views: 2065

Re: MarketWatch article-Vanguard investors kept their cool during stock-market turmoil

What is defined as a trade? Is it selling? Buying? Selling and buying? I guess the implied premise is that people didn't panic sell, but how many actually bought?
by novicemoney
Wed Oct 25, 2017 1:43 pm
Forum: Personal Consumer Issues
Topic: metal roof: standing seam vs interlocking panels
Replies: 15
Views: 1926

Re: metal roof: standing seam vs interlocking panels

Can you stand and walk on #2? We have a standing seam roof with no complaints. As a side note standing seam is a good roof if you are going to put in solar panels. The panels are attached to the standing "fins" instead of drilling through the roof.
by novicemoney
Sun Oct 22, 2017 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Is TIAA-CREF one of the "good guys"?
Replies: 62
Views: 16181

Re: Is TIAA-CREF one of the "good guys"?

I ran across this article and was (maybe a little naively) shocked. I always had the impression that TIAA was one of the "good guys". To be fair, I don't know a lot about them except by general reputation and we have no accounts with them. I always associated them with teacher 403b's, and even thoug...
by novicemoney
Fri Sep 29, 2017 10:35 am
Forum: Personal Consumer Issues
Topic: Should I get a New Macbook Pro?
Replies: 47
Views: 5070

Re: Should I get a New Mac or Macbookpro?

I have a mid 2009 MBP and had the same issues you are facing. Spinning beach balls could mean the hard drive is failing( I changed my HD 4 years ago). You can get the apple folks to run a diagnostic to see. On the other hand, have you updated to the latest OS? I was running mine on mavericks and upd...
by novicemoney
Sun Sep 10, 2017 2:16 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else freeze their credit score?
Replies: 126
Views: 13946

Re: Anyone else freeze their credit score?

Will a credit freeze affect attempts to open a brokerage account? What about renters? I am told that management companies screen prospective tenants by checking their credit ratings.
by novicemoney
Sat Sep 02, 2017 10:32 pm
Forum: Local Chapters and Bogleheads Community
Topic: Where is Livesoft? Was The Woodlands Flooded
Replies: 36
Views: 7272

Re: Where is Livesoft? Was The Woodlands Flooded

One can read/watch about the dam: http://abc13.com/dam-release-ramps-up-conroe-evacuation-plans/2350065/ and http://www.yourconroenews.com/news/article/SJRA-confirms-Lake-Conroe-Dam-integrity-not-12045408.php Basically, if you don't want dams to fail, you cannot let water flow around them or over t...
by novicemoney
Thu Aug 24, 2017 3:41 am
Forum: Personal Consumer Issues
Topic: Miles Davis: Kind of Blue - Question for Jazz experts
Replies: 49
Views: 4367

Re: Miles Davis: Kind of Blue - Question for Jazz experts

Sonny Rollins - Saxaphone Colossus. Duke Ellington Live at Newport 1956 - Here's a link to a track called Diminuendo in Blue Crescendo in Blue: https://www.youtube.com/watch?v=PYgow060zOg Lee Morgan - The Sidewinder. I love both albums, The Sidewinder has a very catchy melody. Interesting story on ...
by novicemoney
Wed Aug 23, 2017 10:29 am
Forum: Personal Finance (Not Investing)
Topic: I did it and feel great about it (paid off mortgage)
Replies: 66
Views: 11658

Re: I did it and feel great about it (paid off mortgage)

2) If you had an escrow account then make sure that your insurance and property taxes get paid even if you do not get a statement. This is a very important point. If you escrow your insurance, the mortgage provider makes sure that the insurance is paid and bills you for it as part of the escrow, bu...
by novicemoney
Sun Aug 20, 2017 5:51 am
Forum: Investing - Help with Personal Investments
Topic: What to do with divorce settlement
Replies: 31
Views: 6689

Re: What to do with divorce settlement

Quick side note question about in-kind transfers. So after filling out everything online, Vanguard makes you sign forms and mail them to Vanguard. On the form there is a medallion signature guarantee section. Where can I get a medallion signature guarantee? Do I have to go to a wells fargo bank and...
by novicemoney
Sun Jul 16, 2017 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Finance Milestone: 20 Times Annual Expense
Replies: 95
Views: 11326

Re: Personal Finance Milestone: 20 Times Annual Expense

Congratulations. Like you we are periodically calculating our nest egg number as a multiple of expenses. I have several questions about how you are calculating your annual expense number. When you are calculating your expense figure are you including: 1. Investment/savings? 2. Travel expenses? 3. "B...
by novicemoney
Thu May 18, 2017 12:47 pm
Forum: Investing - Theory, News & General
Topic: When 60/40 just isn't appropriate
Replies: 182
Views: 30471

Re: When 60/40 just isn't appropriate

Age 57, married. Debt free. Now at 35/65. Planning on retiring at 62(if I want to). I think we currently have enough that will allow us a 2% SWR once SS, pensions and annuities kick in. I sometimes think this is too conservative at this time, but maybe we are very close to "winning the game" so thi...
by novicemoney
Thu May 18, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: When 60/40 just isn't appropriate
Replies: 182
Views: 30471

Re: When 60/40 just isn't appropriate

Age 57, married. Debt free. Now at 35/65. Planning on retiring at 62(if I want to). I think we currently have enough that will allow us a 2% SWR once SS, pensions and annuities kick in. I sometimes think this is too conservative at this time, but maybe we are very close to "winning the game" so this...
by novicemoney
Sun Apr 16, 2017 6:17 pm
Forum: Local Chapters and Bogleheads Community
Topic: Hawaii Bogleheads, where are you?
Replies: 26
Views: 4467

Re: Hawaii Bogleheads, where are you?

I am in Salt Lake, count me in too (although after what happened on Kaui this week, maybe a non aquatic venue would be good :shock: ).
by novicemoney
Tue Mar 14, 2017 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with inheritance
Replies: 11
Views: 1715

Re: Need help with inheritance

An iheritance IRA can be a tricky thing to set up. First you will have to change the title to indicate that this is an inheritance IRA. Your bank may have a preference on the exact wording but it would be something like "John Smith (deceased 2/28/2017) for the benefit of Mary Smith, beneficiary". I ...
by novicemoney
Fri Feb 24, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Selling inherited stocks question, cost basis??
Replies: 10
Views: 1337

Re: Selling inherited stocks question, cost basis??

I believe there should be a "step up in basis" which will be based on the date of your dad's passing. This value should be your new cost basis. Sorry for your loss.
by novicemoney
Sun Jan 15, 2017 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 86
Views: 9003

Re: Vanguard on finding a dead person's password

For retirement assets our durable powers of attorney give each of us the right to manage them. Again, having the passwords is handy. The POAs may be durable (fade-proof ink) but they don't guarantee access. My wife had POA over her father's accounts but when he died, the institutions locked them do...
by novicemoney
Fri Jan 06, 2017 2:57 pm
Forum: Investing - Theory, News & General
Topic: "The 401k Problem We Refuse to Solve"
Replies: 49
Views: 5517

"The 401k Problem We Refuse to Solve"

An interesting article on Bloomberg on the 401k. https://www.bloomberg.com/view/articles/2017-01-03/the-401-k-problem-we-refuse-to-solve Probably nothing new to people on this forum. To me the money quote is: "The 401(k) was not the miracle cure for our retirement problems that was promised by some ...
by novicemoney
Fri Dec 30, 2016 7:42 pm
Forum: Investing - Theory, News & General
Topic: What's up with VBMFX? [Vanguard Total Bond Market]
Replies: 33
Views: 8067

Re: What's up with VBMFX? [Vanguard Total Bond Market]

The posts so far refers to monies already in Total Bond. How does new money (dollar cost averaged) alter the equation? Does DCA into total bond somewhat mitigate interest rate risk, and help stabilize NAV? Yes and no. Yes because the position in part TBM, part cash for a while reduces the duration ...
by novicemoney
Fri Dec 30, 2016 3:13 pm
Forum: Investing - Theory, News & General
Topic: What's up with VBMFX? [Vanguard Total Bond Market]
Replies: 33
Views: 8067

Re: What's up with VBMFX? [Vanguard Total Bond Market]

ogd: Thank you for the response and your patience. Since I am 79 years old with a life expectancy of 10 years at best, does that mean it will take 12 years to get back to the original NAV? If so, it means I'm investing for my heirs :happy. It will take that long to get the original NAV plus the 2% ...
by novicemoney
Wed Dec 14, 2016 3:37 pm
Forum: Personal Consumer Issues
Topic: Shopping for a Replacement Roof bc of Hail Damage
Replies: 17
Views: 1947

Re: Shopping for a Replacement Roof bc of Hail Damage

All I can say is that the newer roofs regardless if you get the 20 or 30 or 50 year shingles, are not made of the same inherent products that included copper in the old shingles and are showing mold in less than 3 years. I would do some research and see if there is new technology. All of the newer ...
by novicemoney
Sun Nov 27, 2016 1:18 pm
Forum: Personal Consumer Issues
Topic: Wise BGHeads - time to replace Macbook Air?
Replies: 19
Views: 1620

Re: Wise BGHeads - time to replace Macbook Air?

You can still buy 2015 MBPs on the apple site. Depending on your configuration, it looks like about a $800 difference(for 15" ones) with the 2016 models. You still get the SD card slot and the magsafe feature. They are slower and heavier and no touch bar feature. I am deciding about this issue mysel...
by novicemoney
Fri Oct 14, 2016 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Target retirement date fund okay for all accounts?
Replies: 21
Views: 3193

Re: Target retirement date fund okay for all accounts?

I would vote everything except taxable. Yep, me too, in this case. However, it might be appropriate in a taxable account for retired folks if they're using the distributions for current living expenses. In addition to automatic rebalancing, having both bonds and equities in the single fund can help...
by novicemoney
Tue Sep 06, 2016 4:02 pm
Forum: Personal Consumer Issues
Topic: genealogy - starting
Replies: 19
Views: 2467

Re: genealogy - starting

I paid for Ancestry.com memberships from time to time. I also shelled out for GenoPro, a family tree maker. I organized the info in a Word document which contained photos and screen grabs of the GenoPro trees. Look at the resources your home countries have online. In my case, one country had scanne...
by novicemoney
Mon Sep 05, 2016 2:08 pm
Forum: Personal Consumer Issues
Topic: genealogy - starting
Replies: 19
Views: 2467

Re: genealogy - starting

Searching for info. is no doubt a big part of the genealogy effort. However if you really get into it and start amassing a lot of information you will need to systematically organize it. Family Tree Maker is probably the big elephant in the room and the most popular soft ware program. Since I use a ...
by novicemoney
Fri Sep 02, 2016 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have perspective on dealing with mixed emotions after an inheritance?
Replies: 28
Views: 3498

Re: Anyone have perspective on dealing with mixed emotions after an inheritance?

2 thoughts: 1. You seem to be making great financial progress on your own and I suspect that you will do well(if you continue on your current ways) in the future even without the inherited money. You might want to consider setting that money aside as a sort of "family endowment", something that can ...
by novicemoney
Fri Sep 02, 2016 10:50 am
Forum: Personal Consumer Issues
Topic: Hurricane Hermine
Replies: 48
Views: 5658

Re: Hurricane Hermine

Good post for those who are not used to storms. I grew up with Hurricanes and tropical storms (live on the gulf coast) and in fact we survived Katrina. Our house took on 28 feet of water in that one and we lost nearly everything. Regardless of what the media says, the MS Gulf Coast got it much wors...
by novicemoney
Wed Aug 31, 2016 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: retirement readiness = residual living expenses + funding the gap?
Replies: 56
Views: 8309

Re: retirement readiness = residual living expenses + funding the gap?

I have a spreadsheet in which I project expenses and income by year from today until 95 (about 40 years for me). The first 10 years includes the income from our jobs, contributions to savings, and no withdrawals. On top of this, I project a modest portfolio growth over time, so that on our retireme...
by novicemoney
Sat Aug 13, 2016 3:55 am
Forum: Investing - Help with Personal Investments
Topic: Converting to a 1 Fund Portfolio for Spouse
Replies: 6
Views: 1077

Re: Converting to a 1 Fund Portfolio for Spouse

Check on the rules for step-up basis. If you live in a community property state, you can get a step up on 100% of a joint community property account on the death of either owner. If you are facing a big capital gains tax hit, maybe don't rush. I had not thought about the step up basis issue, it cer...
by novicemoney
Fri Aug 12, 2016 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Converting to a 1 Fund Portfolio for Spouse
Replies: 6
Views: 1077

Converting to a 1 Fund Portfolio for Spouse

I am putting together a "death book" in the event of my untimely demise and am interested in simplifying our portfolio for DW. She handles all bill paying but leaves all financial planning matters to me. Despite efforts to include her in planning she has expressed no desire to manage our investments...
by novicemoney
Wed Aug 03, 2016 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement portfolio for analysis plus adviser questions
Replies: 12
Views: 1654

Re: Retirement portfolio for analysis plus adviser questions

As others have noted you are to be congratulated on the size of your portfolio. Trying to simplify will take some planning and patience. While you are consulting your fee only financial planner and your CPA to minimize the tax PITA, you may want to stop reinvesting dividends and cap gains on your ta...
by novicemoney
Sat Jul 30, 2016 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in 6 months ...Why should I pay $13,500/year to a Financial Advisor?
Replies: 43
Views: 6369

Re: Retiring in 6 months ...Why should I pay $13,500/year to a Financial Advisor?

During the accumulation phase of my life I have always managed my own investments. Now that I will be retiring early (age 59) in 6 months, I have been talking to some Financial Advisors who specialize in Retirement Planning and their annual fees seem to range in the .75% to 1.25% range for my accou...
by novicemoney
Wed Jul 20, 2016 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Taxcaster for state returns
Replies: 5
Views: 1327

Re: Taxcaster for state returns

I've fiddled with Taxcaster to see what my return might look like next year once I've retired. I'm especially interested to see how much room I'll have for LTCG and Roth conversions on top of interest and qualified dividends. For planning purposes, it's been helpful. What I'm missing is a state ver...
by novicemoney
Mon Jul 11, 2016 11:38 am
Forum: Personal Consumer Issues
Topic: Charleston, SC vacation.... any advice?
Replies: 23
Views: 2662

Re: Charleston, SC vacation.... any advice?

Never been to Charleston, SC and wife has been wanting to go there. She's big on history and I'm big on seafood. We are in our early 60's. Looking for suggestions, recommendations, advice from anyone having visited or lived there in the last 2 years. 1. where to stay (in town vs out of town, hotel ...
by novicemoney
Fri Jun 17, 2016 1:32 pm
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 264
Views: 53853

Re: What's the ideal safe retirement net worth target?

The problem with this approach is that it is highly susceptible to drops in the price of the house, which can wipe out much or all of the equity. Increases in interest rates could also make this approach much less feasible. In Boglehead terms, it has a lot of uncompensated risk. That's surely an ar...
by novicemoney
Wed Jun 15, 2016 2:29 pm
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 264
Views: 53853

Re: What's the ideal safe retirement net worth target?

I would say 25-30 times expenses is a safe target. It is reasonable to use a ballpark figure like that as a long term goal but be sure not to count your home, your yacht or your his and hers Bentleys as part of that 25x! Yes, I was thinking portfolio rather than net worth.[/quote] But that is probl...
by novicemoney
Mon Jun 13, 2016 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Is a Medigap plan worth it, with our assets?
Replies: 30
Views: 3962

Re: Is a Medigap plan worth it, with our assets?

The full Medigap Plan F that covers everything you have is very expensive. Have you price shopped it versus the Plan F from other companies? Plan F in California is around $151 per person or $302 for two. So that is some savings. But I prefer Medigap Plan F High Deductible. In California Plan F - H...
by novicemoney
Tue May 31, 2016 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Help wiht 403B investing
Replies: 15
Views: 1140

Re: Help wiht 403B investing

If your 403b plan only offers variable and fixed annuities you may see if you can participate in a 457b plan. 403b's typically offer annuity products , while a 457b may offer mutual funds (hopefully vanguard or other low cost index funds). The poor choice of offerings for teacher's 403bs have been d...
by novicemoney
Mon May 23, 2016 1:13 pm
Forum: Investing - Theory, News & General
Topic: Bernstein says emergency fund part of your "asset allocation?"
Replies: 62
Views: 8670

Re: Bernstein says emergency fund part of your "asset allocation?"

For me, I found it confusing to ignore our cash reserves in our AA mix. When I was younger people used to note cash in their AA descriptions. It used to be stocks/bonds/cash. For some reason people don't do it this way now. If you do this it might address your issue.
by novicemoney
Thu May 19, 2016 3:29 am
Forum: Personal Consumer Issues
Topic: Advice w/ 62YO Mom Moving In - Rent? Resentment? Plans? (Update, Pg 3)
Replies: 123
Views: 16150

Re: Advice w/ 62YO Mom Moving In - Rent? Resentment? Plans?

If you have the means to expand your house this may a way of accomadating your mother. Maybe increase the bedroom she will live in with an attached half bath and additional space to include a "den" for a TV and a small desk. I suggest this because it seems helpful for everyone to have their own "spa...
by novicemoney
Wed May 18, 2016 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance payout to SPIA?
Replies: 1
Views: 284

Life insurance payout to SPIA?

Have been working on my instructions to DW in the event of my passing. I am 56 she is 57 and with both of us are pretty ready for my retirement hopefully at 62. I am the main breadwinner with DW retired but working part time. If I go from now to her age at 62 our RLE would be $33,000/yr.(2.8% WR). A...
by novicemoney
Sun May 15, 2016 10:46 am
Forum: Personal Finance (Not Investing)
Topic: 25x income needs or 25x residual living expenses?
Replies: 24
Views: 4851

Re: 25x income needs or 25x residual living expenses?

I don't know if anyone else mentioned it, but shouldn't death of one spouse or the other should be factored in to determine if the other spouse can live off what they get from SS, pension, investments? Yes we have planned for this. If I go first, DW will get a life insurance payout and SS survivor ...
by novicemoney
Sun May 15, 2016 12:47 am
Forum: Personal Finance (Not Investing)
Topic: 25x income needs or 25x residual living expenses?
Replies: 24
Views: 4851

Re: 25x income needs or 25x residual living expenses?

What is an income need and a residual living expense? Not knowing how to label our projected retirement budget I used the term "income need". This was in contrast with "residual living expense", that (I believe) was coined by Dr. William Bernstein. The RLE is what your expenses are minus other inco...
by novicemoney
Sun May 15, 2016 12:31 am
Forum: Personal Finance (Not Investing)
Topic: 25x income needs or 25x residual living expenses?
Replies: 24
Views: 4851

Re: 25x income needs or 25x residual living expenses?

All income sources will leave a shortfall of $18,000(our residual living expense ~1.5% WR) which we will withdraw from our portfolio. This will continue until I take SS at either 66(2027) or 70(2030). At either 67 or 70 we will have more than enough to cover our expenses and hopefully portfolio wit...
by novicemoney
Fri May 13, 2016 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: 25x income needs or 25x residual living expenses?
Replies: 24
Views: 4851

25x income needs or 25x residual living expenses?

I am about 6-8 years out from retiring and have been seriously looking at our finanical status. When trying to determine what we will need for retirement should one use your total estimated expenses or residual living expenses? In our case both numbers are significantly different. Our plan is for me...