Search found 4918 matches

by itstoomuch
Thu Jan 18, 2018 1:25 pm
Forum: Personal Consumer Issues
Topic: Need to buy new printer. Suggestions for best value?
Replies: 28
Views: 1568

Re: Need to buy new printer. Suggestions for best value?

just bought a Brother HL-L2380DW (deplux, scan, wifi). Floor unit (Office Depot) as model has been superceded to new 2395. My old Brother MFC 8500 (circa 2000) worked fine and I just bought a new drum in 2016. However, my computer/laptops/mobile phones and their software did not support that printer...
by itstoomuch
Thu Jan 18, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Versus Stocks
Replies: 26
Views: 1240

Re: Real Estate Versus Stocks

OP, Be sure that you understand the risks and numbers. REALLY understand your risks. We are trying for property in Seattle area, 1031 situation. A property on the market on Jan 11. Sold on Jan 17. A total of 7 days which is longer than the 4 days of our last purchase in August. We offered an escalat...
by itstoomuch
Thu Jan 18, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 133
Views: 7905

Re: Stats on When People Take Social Security

MikeG62 wrote:
Tue Jan 16, 2018 8:37 am
I view it as longevity insurance.

No plans to begin taking it until I turn 70.
Then your premium for this "longevity insurance" has been fairly expense against any blend from 100% TSM to something like 70/30 over these past 8 years. Going forward is unknown.
by itstoomuch
Thu Jan 18, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 133
Views: 7905

Re: Stats on When People Take Social Security

There was never any mention of "depletion". One of the ways of dealing with SORR risk is to start taking SS when the market goes south. The big point is that every dollar I don't have to take out during a down (deflated) market, is a dollar that will fully participate in the recovery. I have never ...
by itstoomuch
Wed Jan 17, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 133
Views: 7905

Re: Stats on When People Take Social Security

cusetownusa wrote:
Wed Jan 17, 2018 10:42 am
MikeG62 wrote:
Tue Jan 16, 2018 8:37 am
I view it as longevity insurance.

No plans to begin taking it until I turn 70.
This exactly how I look at it. Of course, I am "only" 38 so a lot can change between now and then.
The title of SS law says it all :D Its Insurance :oops: that the contributor or heir receives Benefits.
by itstoomuch
Tue Jan 16, 2018 11:49 pm
Forum: Personal Consumer Issues
Topic: Need to buy new printer. Suggestions for best value?
Replies: 28
Views: 1568

Re: Need to buy new printer. Suggestions for best value?

I am looking at a brother with copy/scan, no auto feed laser, new, wireless, about 130 at office Depot
Also looking used office printer HP, circa 2007 for 40
About 5-7000 paged life remaining.
by itstoomuch
Tue Jan 16, 2018 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 133
Views: 7905

Re: Stats on When People Take Social Security

I have the same problem with deferred annuities. Moshe Milesvky advocates taking Income from GLWB annuities early. We just don't need this income at this time and rather pass the annuity remainder to heirs plus get another Income stepup to Market Value or 5% guaranteed increase. Taking annuity incom...
by itstoomuch
Tue Jan 16, 2018 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: 529 AND UTMA
Replies: 29
Views: 1349

Re: 529 AND UTMA

Child would want a higher value. But may not make much difference with small amounts in the ugma.
A lot has to do with your future expectations on what you want to do and when
by itstoomuch
Tue Jan 16, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 133
Views: 7905

Re: Stats on When People Take Social Security

dm200 wrote:
Tue Jan 16, 2018 5:12 pm
Also, the thing is, poor people are generally the ones who die early and vice versa. So maybe everyone is acting rationally.
Good point ...
"Generally" I like that term. My BP a few minutes ago was from 185/80 to 140/70. Normal fluctuations. :annoyed
by itstoomuch
Tue Jan 16, 2018 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: 529 AND UTMA
Replies: 29
Views: 1349

Re: 529 AND UTMA

We used a UGMA bank account with checking, savings, and CC plus a brokerage account. Everything going in and coming out went through this UGMA account. When the savings account got too small I transferred from brokerage to bank savings. When the savings got too big, I did the reverse and acquired mo...
by itstoomuch
Tue Jan 16, 2018 4:39 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 4243
Views: 1143822

Re: U.S. stocks in freefall

Clock radio awoke me with a +290 on Dow. I didnt sleep well last night with multiple leg cramps and got up very late. Very interesting day. One of my 2018 resolutions is to trade more often in the Discretionary Acct. Its been a very positive day :wink: . I am out of my most speculative holding :) wi...
by itstoomuch
Tue Jan 16, 2018 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Accidentally made direct Roth IRA contribution
Replies: 7
Views: 664

Re: Accidentally made direct Roth IRA contribution

yes. a small price to pay vs the penalty for keeping funds in the Roth. Error was made in 2017 and corrected in 2017. The tax on gains will be on 2017 filing, no later than 15Ap 2018, unless extended. Biggest problem you will encounter is the additional form that you will need to complete. Do Not ge...
by itstoomuch
Tue Jan 16, 2018 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: 529 AND UTMA
Replies: 29
Views: 1349

Re: 529 AND UTMA

Ok i just did a test run of $3000 VMMSX from my Vanguard account to the UTMA account. I have 40% LT gains on this fund and have been wanted to sell it because of the high expense ratio. Putting it into the UTMA would be perfect to use for my son. I just hope the cost basis gets preserved. For those...
by itstoomuch
Tue Jan 16, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance
Replies: 11
Views: 335

Re: Term Life Insurance

Optimistic guesses. Ignoring taxes: Loss of 1 income = $45,000 net to household. Loss of further contribution to Retirement funds. Retirement probably at 62 based on current statistics. Need 3 years to cover for Medicare from ages 62-65. Remember fixed expenses are shared. and those fixed expenses w...
by itstoomuch
Tue Jan 16, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance
Replies: 11
Views: 335

Re: Term Life Insurance

JMO Buying term LI guarantees the income stream upto retirement and into the years of early retirement. ie: die today. How much would loss of income for survivor up to age 62-65? and How much affect in retirement? I did type of analysis for future income if the Market continued falling in 2008. You ...
by itstoomuch
Tue Jan 16, 2018 1:56 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance money
Replies: 5
Views: 821

Re: Inheritance money

If you don't know anything about annuities then you will need to learn about annuities. If you know something about market Options, the annuity concept is easier to understand. In a nutshell: An annuity is a PURCHASED pension plan. The owner may or may not be able to change their purchase decision o...
by itstoomuch
Tue Jan 16, 2018 1:31 am
Forum: Investing - Help with Personal Investments
Topic: 529 AND UTMA
Replies: 29
Views: 1349

Re: 529 AND UTMA

Parents can not anticipate everything in the future, for their children. They squirm too much. :mrgreen: :annoyed :oops:
by itstoomuch
Mon Jan 15, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 133
Views: 7905

Re: Stats on When People Take Social Security

Article this past week somewhere, Whether one takes early or late SS, the money received is nearly the same, IF one lives to the actuarial age. If you live longer than that you are ahead with delayed SS. If you live less than, you are better off taking early SS. Smitcat, Basically taking SS early, ...
by itstoomuch
Mon Jan 15, 2018 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Modified Endowment Annuity S&P Indexed Contract MEC
Replies: 3
Views: 175

Re: Modified Endowment Annuity S&P Indexed Contract MEC

shop, Shop, SHOP
Know your whys, whats, whens, and hows.
What are the alternative of choices besides the MEC? Would a MYGA (multiyear guaranteed annuity) work? A GLWB? a CD?
by itstoomuch
Mon Jan 15, 2018 6:46 pm
Forum: Personal Consumer Issues
Topic: Besides Bogleheads, What Are Your Favorite Forums?
Replies: 87
Views: 8528

Re: Besides Bogleheads, What Are Your Favorite Forums?

UrbanBaby. :confused (25-40, women)
City-data. :wink: (general topics)
CollegeConfidential :? (40-60, mostly moms)
BogleHeads :mrgreen: (50-70, cross-sectional, mostly men(?))
by itstoomuch
Mon Jan 15, 2018 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: 529 AND UTMA
Replies: 29
Views: 1349

Re: 529 AND UTMA

If using a UGMA, you think that child is undeserving , you can move the funds into a UGMA-529 in their names with you as custodian. If the child owner now tries to claim the funds, then (s)he is responsible for tax ramifications. Also when you, the custodian move appreciated UGMA to 529, the UGMA pa...
by itstoomuch
Mon Jan 15, 2018 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: 529 AND UTMA
Replies: 29
Views: 1349

Re: 529 AND UTMA

We did UGMA 1985-2000, then switched to 529. Oregon with state tax credit. We will be moving to WA in 2018. We will need to do 529 for 2017 and 2018 for future grand children. Later we will do UGMAs when we get SS number(s). IRRC, 529 have a accumulation limit. In a low growth (???) environment, a 5...
by itstoomuch
Mon Jan 15, 2018 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Super simple portfolios
Replies: 4
Views: 992

Re: Super simple portfolios

Bogle, when he introduced The Index, mid 70s, envisioned that for long term, The Index, was sufficient. No other fund was needed.
by itstoomuch
Mon Jan 15, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 133
Views: 7905

Re: Stats on When People Take Social Security

Smitcat, Basically taking SS early, we exercised the Call for SS. And placed a long Put on IRA accounts. This problem is similar to our GLWB VA. Two accounts: The Actual Accumulation (deferred IRA) and Income Acct (SS, pension). We took the SS early and leaving the option to put the deferred IRAs to...
by itstoomuch
Mon Jan 15, 2018 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 133
Views: 7905

Re: Stats on When People Take Social Security

Looking at our circumstances, We took early SS. Glad we did. Our retirement accounts are fairly large today given the prolonged Bull. If we delayed SS, we would've tapped the accounts just when these accounts were/are growing faster than the delayed actuarial SS. Very much like buying a house in Sea...
by itstoomuch
Mon Jan 15, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 133
Views: 7905

Re: Stats on When People Take Social Security

Article this past week somewhere, Whether one takes early or late SS, the money received is nearly the same, IF one lives to the actuarial age. If you live longer than that you are ahead with delayed SS. If you live less than, you are better off taking early SS. One of my favorite pass-times on Sund...
by itstoomuch
Sun Jan 14, 2018 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Unwinding Stocks - Where to Start?
Replies: 21
Views: 1287

Re: Unwinding Stocks - Where to Start?

Just for information,
Why did you chose these stocks?
Were you a Buy and Hold? or Buy and Trade. Buy and Accumulate?
Did you dollar cost average? Partial lots? LT or ST?
Did you ever sell?

JMO: The psychology of selling is similar to buying.
by itstoomuch
Sat Jan 13, 2018 3:02 pm
Forum: Investing - Theory, News & General
Topic: Variable annuity and ACA subsidy
Replies: 12
Views: 602

Re: Variable annuity and ACA subsidy

It's a viable plan. I don't particularly like to put taxable into annuities. However, I do have a little taxable in VAs for long range planning and diversification. And I did have that taxable VA when I got ACA. Don't know if our VA's affected the ACA. My ACA subsidy wasn't much and I was very pleas...
by itstoomuch
Sat Jan 13, 2018 1:39 pm
Forum: Personal Consumer Issues
Topic: Almost a pathological fear of debt, to my detriment?
Replies: 79
Views: 4354

Re: Almost a pathological fear of debt, to my detriment?

a little bit. Maybe. Depends on what you have and what you goals are., I need to increased FICO score fairly fast. I increased by credit cards from 1 to 3. And keep a small balance on a couple of cards. Pains me to pay the interest but I hope I can get a better mortgage rate on a much bigger amount ...
by itstoomuch
Sat Jan 13, 2018 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Preservation after an 8 year bull market
Replies: 17
Views: 1930

Re: Capital Preservation after an 8 year bull market

Question: What's the smartest way to reduce risk in my portfolio? I want the security to know no matter what happens I can make my $200k in capital purchases sometime in the next 5 years. I think the default advice is I should sell all my taxable stocks and buy all bonds? But then I'd be paying ove...
by itstoomuch
Sat Jan 13, 2018 12:54 pm
Forum: Investing - Theory, News & General
Topic: Deferred Income Annuity (QLAC) No Free Lunch
Replies: 3
Views: 355

Re: Deferred Income Annuity (QLAC) No Free Lunch

Looked at it and passed.
Its even more complicated than GLWB annuities and YOU take on additional risk without compensation other than a delay in RMD.
I'll stick to what I got now which has more options 8-)
by itstoomuch
Sat Jan 13, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Capital Preservation after an 8 year bull market
Replies: 17
Views: 1930

Re: Capital Preservation after an 8 year bull market

Depends. I like cash or low term CD for an immediate decision. From cash, you can later decide to move to other "investments" or another "parking" other than cash. Holding cash you will know exactly what your loss opportunity cost at any given time and expect future. Holding anything else other than...
by itstoomuch
Fri Jan 12, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off student loans after kid graduates?
Replies: 35
Views: 2145

Re: Pay off student loans after kid graduates?

TheAncientOne wrote:
Fri Jan 12, 2018 10:29 am
Just to make clear on Diogenes' question, the exemption on gift limits applies only to education and medical costs paid directly to the school or health care provider. Paying a lender or credit card company doesn't count.
Now that is a factoid important for some. Thankyou.
by itstoomuch
Fri Jan 12, 2018 1:17 am
Forum: Investing - Help with Personal Investments
Topic: 26, have a job, now what?! Seeking advice!
Replies: 43
Views: 1996

Re: 26, have a job, now what?! Seeking advice!

Tough to do if you live in the metro Portland area. Easier to do from Salem to Eugene. A lot has to do with housing inflation. Although we live in Salem 60 years, we are more familiar with Seattle housing where we have investment property. Seattle housing is appreciating 2015-2017 at ~16%/yr conserv...
by itstoomuch
Thu Jan 11, 2018 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: How many years of fixed income for Sequence of Return Risk
Replies: 26
Views: 1937

Re: How many years of fixed income for Sequence of Return Risk

^reply: Multiple streams of Income and diversity of Risk Exposure are good. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=236665 [Sequence of Returns (Risk management), SPoF] https://www.bogleheads.org/forum/viewtopic.php?f=1&t=236772 [GLWB annuities, surrendering] Likely that we will transit...
by itstoomuch
Thu Jan 11, 2018 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mandatory IRA distributions. The IRS will take my money away!!
Replies: 29
Views: 1941

Re: Help with Mandatory IRA distributions. The IRS will take my money away!!

If anyone know of other strategies, I am listening. It's not applicable to you, but your case provides younger generation a good case study on how they should contribute to 401k / Roth 401k in the early years of their careers. Thank you for that! I've suggested to the Only (32) to be careful with 4...
by itstoomuch
Thu Jan 11, 2018 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mandatory IRA distributions. The IRS will take my money away!!
Replies: 29
Views: 1941

Re: Help with Mandatory IRA distributions. The IRS will take my money away!!

The elephant is could be pretty large. The elephant could be a youngster which will grow up to much larger. The elephant could be the smaller Asian elephant rather than the larger and untamable African species. I've been analyzing this elephant for 2-3 years with a CPA/tax accountant. Best to tame t...
by itstoomuch
Thu Jan 11, 2018 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mandatory IRA distributions. The IRS will take my money away!!
Replies: 29
Views: 1941

Re: Help with Mandatory IRA distributions. The IRS will take my money away!!

OP, My 71 yo sister (visiting 98yo father) and I were commenting on the same thing last Sunday. Came to the conclusion that not much can be done about it. In 2017, sister did a conversion from IRA to Roth, but she did not pay attention to the tax ramifications or to the Medicare taxes. You can minim...
by itstoomuch
Thu Jan 11, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off student loans after kid graduates?
Replies: 35
Views: 2145

Re: Pay off student loans after kid graduates?

the Proverbial answer: Depends.
There are Always a minimum of 3 questions that must be asked and answered.
1. Where are you at Now?
2. What are the alternative of choices.
3. Will the new choice be better with better outcomes?
by itstoomuch
Thu Jan 11, 2018 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: How many years of fixed income for Sequence of Return Risk
Replies: 26
Views: 1937

Re: How many years of fixed income for Sequence of Return Risk

OP, your best guess is as good as it gets.
By moving from equity to bonds, you are essentially buying some portfolio insurance by giving up equity performance.
There are other methods to insure your retirement portfolio.
by itstoomuch
Thu Jan 11, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.
Replies: 58
Views: 6163

Re: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.

IMO, My greatest mistake was to use a 60/40 portfolio for 30 years. I should have used a 80/20 which would have enable us to FIRE, to ignore 2007-2009 Great Recession, and to recover from the GR faster. Our Discretionary Accts is all equity with sojourns into cash. Our deferred annuities are all equ...
by itstoomuch
Thu Jan 11, 2018 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Should we keep this variable annuity?
Replies: 65
Views: 3007

Re: Should we keep this variable annuity?

So now I am down to just 2 questions. 1. Would your DD consider moving to Seattle? Only's grandparents (3) were MDs. We were not in medical. 2. Are your rentals in the PNW or near a major airport? We are in day 6 of 1031 identify period. Really don't want more rentals but neither do we want to pay 2...
by itstoomuch
Thu Jan 11, 2018 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Should we keep this variable annuity?
Replies: 65
Views: 3007

Re: Should we keep this variable annuity?

Our's are in IRA's, so we can pull them out into IRA's without any tax consequences. Gains > initial contract amount at year 7-8. One thought is just move to Indexes of choice. Probably into moneymarket first then into something else. If we pull them into regular IRA's we face RMDs. If we keep them ...
by itstoomuch
Thu Jan 11, 2018 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Should we keep this variable annuity?
Replies: 65
Views: 3007

Re: Should we keep this variable annuity?

^
How old was this contract?
Since you will be paying taxes, why not move to Vanguard GLWB and avoid paying taxes?
Is your overall allocation approx 60/40?
by itstoomuch
Wed Jan 10, 2018 10:43 pm
Forum: Investing - Help with Personal Investments
Topic: Help me stop my addiction to stock market peeping!
Replies: 66
Views: 4402

Re: Help me stop my addiction to stock market peeping!

95% of our retirement and personal assets are protected. I can only do macro decisions and only with the concurrence of spouse.
the remaining 5% is Discretionary. I micromanage this thus I do a lot of stock market peeping.
the other hobby that I have, avoiding being an invalid.
by itstoomuch
Wed Jan 10, 2018 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do with a 25 million windfall?
Replies: 47
Views: 2766

Re: What would you do with a 25 million windfall?

Seek out other people who have or control >$10<$50 million .
by itstoomuch
Wed Jan 10, 2018 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Does a UGMA do for me what I want?
Replies: 23
Views: 953

Re: Does a UGMA do for me what I want?

We had the UGMA pay the taxes.
Today's new tax code, I doubt the UGMA would pay any taxes because of the UGMA was in 15% marginal tax rate for LTCG and qualified dividends.
by itstoomuch
Wed Jan 10, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Two Years to Retirement – Please review and comment [1 year update]
Replies: 62
Views: 8872

Re: Two Years to Retirement – Please review and comment [1 year update]

Certain Annuities are optimately purchased at either at Market highs or at Market lows.
Protect your funded ratio or residual living expense's assets (RLE).
by itstoomuch
Wed Jan 10, 2018 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Should we keep this variable annuity?
Replies: 65
Views: 3007

Re: Should we keep this variable annuity?

You don't need to sell Them.
You only need to get Them to buy Them :oops:
(One of my favorite albums is Mason Williams' Them)

I probably would not buy them today against today's conditions; Except for the Market Lock in the GLWB. I would not buy today for the Income of 3.5%.