Search found 908 matches

by ziggy29
Mon Nov 20, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 22865

Re: Dave Ramsey says don't use credit cards, even if you pay them off

There have been various, divisive, threads on this topic in the past. Very little good comes from them other than arguments. I agree. In one of these Dave Ramsey's threads someone made the (sarcastic?) suggestion that the site should have a sub-forum dedicated to Dave Ramsey in consideration to how...
by ziggy29
Sun Nov 19, 2017 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a 72(t) to avoid self-employment taxes?
Replies: 10
Views: 996

Re: Taking a 72(t) to avoid self-employment taxes?

Other possible pitfalls: 1) She does not continue at this church for whatever reason, including health issues, a move to another state, etc. 2) The 72t plan is busted either due to a faulty initial calculation or an error in executing the plan. A busted 72t plan results in retroactive penalties bac...
by ziggy29
Sun Nov 19, 2017 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a 72(t) to avoid self-employment taxes?
Replies: 10
Views: 996

Re: Taking a 72(t) to avoid self-employment taxes?

The "gotchas" is you may get a larger return by paying that $2,000 tax or a portion of it. Thanks for the reply, but -- larger return from what ? From Social Security? Every time I run estimates through a spreadsheet, it seems to tell us that she would have to live to over 100 before the ...
by ziggy29
Sun Nov 19, 2017 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a 72(t) to avoid self-employment taxes?
Replies: 10
Views: 996

Re: Taking a 72(t) to avoid self-employment taxes?

The "gotchas" is you may get a larger return by paying that $2,000 tax or a portion of it. Thanks for the reply, but -- larger return from what ? From Social Security? Every time I run estimates through a spreadsheet, it seems to tell us that she would have to live to over 100 before the ...
by ziggy29
Sun Nov 19, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 FEHB HDHP Recommendations
Replies: 54
Views: 12247

Re: 2018 FEHB HDHP Recommendations

I'm an APWU represented postal worker so I get a sweetheart deal with the union-sponsored APWU Consumer Directed plan where I only pay 5% of the cost (about $28 per 2 weeks for my wife and me). If I didn't get that deal, I'd be in the GEHA HDHP.
by ziggy29
Sun Nov 19, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a 72(t) to avoid self-employment taxes?
Replies: 10
Views: 996

Re: Taking a 72(t) to avoid self-employment taxes?

So, knowing the possible downsides... does anyone see a compelling reason *not* do this which I haven't considered above? It seems like a fairly "safe" and low-risk way to essentially cut our taxes by more than $2,000 a year. This is very clever. What does your CPA buddy think of it? Well...
by ziggy29
Sun Nov 19, 2017 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Taking a 72(t) to avoid self-employment taxes?
Replies: 10
Views: 996

Taking a 72(t) to avoid self-employment taxes?

Being married to clergy is a challenging thing because of some unique tax situations. So any time I am looking to act on something I not only check with authoritative online sources and a friend who is a CPA familiar with clergy taxes, but also with other folks just to make sure no one thinks of som...
by ziggy29
Mon Nov 02, 2015 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Cheapest Obamacare health plan option?
Replies: 25
Views: 3131

Re: Cheapest Obamacare health plan option?

Also, since you specifically asked about PPOs, I am not even sure if we have *any* PPO options here. This article claims that PPOs under ACA are almost extinct dinosaurs in New York. In my zip code in Texas (a 50+ mile drive away from any city of 10,000+ population) the only insurer on the Exchange...
by ziggy29
Mon Nov 02, 2015 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance - How to evaluate a factor?
Replies: 8
Views: 1043

Re: Health Insurance - How to evaluate a factor?

It's hard because it changes every year even when you don't change the plan. And there isn't much transparency when it comes to specific cost information up front. And to make matters worse, every year you have to be vigilant that your doctors will still be in your network. Some may have higher OOP ...
by ziggy29
Mon Nov 02, 2015 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Quick question about HSA
Replies: 9
Views: 1305

Re: Quick question about HSA

I have an HSA from a previous employer plan, and I became eligible for FEHB earlier this year through USPS employment. So in looking at my options for 2016 (I was in Aetna HDHP for 2015), I'm thinking about it and perhaps GEHA as well. In any event, I moved my old HSA (about $26K) into HSABank a whi...
by ziggy29
Fri Jul 02, 2010 3:22 pm
Forum: Investing - Theory, News & General
Topic: "Stocks Down, Thankfully"
Replies: 77
Views: 12179

You should be glad that it's taking time. You are 32 and have at least 2 if not 3 more decades of accumulation ahead of you. Let's just say that if I were 32 (again) and my investments still stunk 30 years later when hoping to retire, things will be so bad that the size of my 401K would probably be...
by ziggy29
Fri Jul 02, 2010 3:01 pm
Forum: Personal Investments
Topic: Upcoming TIPS Auction
Replies: 3
Views: 1007

Looking at some TIPS quotes on Schwab, right now it looks to me like the "sweet spot" is in the 2025s priced to yield 1.61%. Longer maturities provide very little additional yield and shorter maturities are closer to 1%.
by ziggy29
Fri Jul 02, 2010 2:40 pm
Forum: Investing - Theory, News & General
Topic: "Stocks Down, Thankfully"
Replies: 77
Views: 12179

For some of us, a stock market decline is a disaster. Retirees. It can be if your portfolio is structured in a way that requires you to sell stock for current income. I think the last decade has shown that one probably needs a fixed income allocation large enough to produce 15-20 years of needed in...
by ziggy29
Fri Jul 02, 2010 2:34 pm
Forum: Investing - Theory, News & General
Topic: mutual funds - eight straight weeks of outflows (w/chart)
Replies: 24
Views: 3697

There's got to be some appropriate middle ground between Pollyanna and doomsday, isn't there?

I don't buy the apocalypse stuff, but after 10+ years of seeing my retirement look farther away than just about ever, "stay the course" pep talks don't seem to be so inspiring any more.
by ziggy29
Fri Jul 02, 2010 2:07 pm
Forum: Investing - Theory, News & General
Topic: The first TIPS auction - would have, could have, should have
Replies: 48
Views: 5793

I didn't get on the TIPS bandwagon early, but I did buy some I-bonds with a 3.4% fixed component in 2000. I suspect I won't be redeeming them before maturity, and my only regret was that I could only afford to buy $4,000 face at the time. I did purchase a considerable slug of TIPS in November 2008, ...
by ziggy29
Fri Jul 02, 2010 2:01 pm
Forum: Investing - Theory, News & General
Topic: "Stocks Down, Thankfully"
Replies: 77
Views: 12179

Logically I know that particularly if one has a few years to go in the accumulation phase, a lower market is probably a good thing as it gives you opportunities to buy cheaper shares and to rebalance into more lower-cost equities. Emotionally, though, at some point you just get so tired of the losse...
by ziggy29
Fri Mar 26, 2010 11:36 am
Forum: Investing - Theory, News & General
Topic: Updated Modification of Harry Browne Permanent Portfolio
Replies: 3555
Views: 1404563

I started a pure 4x25 PP at the beginning of this year. I bought 30-year treasury bonds at the 1/14/10 auction through Treasury Direct. My question is, when I get ready to rebalance at the end of the year and I need to get a market value on these treasury bonds, how do I go about doing that? If you...
by ziggy29
Wed Mar 24, 2010 2:45 pm
Forum: Investing - Theory, News & General
Topic: S.S. at 62 or 66?? What would you do?
Replies: 61
Views: 15032

For me, there's no doubt as things currently are: 62. There are several reasons for this. First, if I don't need the payments at 62 I can put them aside and buy a do-over later under the current law. Secondly, I think any future changes to SS payouts will clearly make it a worse deal, but I suspect ...
by ziggy29
Mon Mar 15, 2010 2:17 pm
Forum: Personal Investments
Topic: Entering Vanguard tax-exempt interest from 1099-INT
Replies: 0
Views: 478

Entering Vanguard tax-exempt interest from 1099-INT

Never mind. Found the answer buried at the bottom of the list in TurboTax. Mods please delete.
by ziggy29
Wed Feb 10, 2010 11:12 am
Forum: Personal Investments
Topic: Can Bond Funds lose half their value?
Replies: 16
Views: 4599

An ultrashort bond fund like Schwab Yield Plus lost darned near half its value in less than a year. And it was sold as an ultrasafe "alternative" to pathetic money market yields.
by ziggy29
Fri Nov 06, 2009 4:16 pm
Forum: Investing - Theory, News & General
Topic: *****
Replies: 97
Views: 12908

Re: Child Proof Software Available FREE

Imbusted wrote:If reading carefully is not enough to prevent stupid mistakes like his, maybe his parents should install Child Proof 1.0. It's available FREE on the internet.

Cheap shot and uncalled for.
by ziggy29
Fri Nov 06, 2009 3:08 pm
Forum: Investing - Theory, News & General
Topic: *****
Replies: 97
Views: 12908

FD wrote:BTW, Schwab let you you do buy and sell at the same day.
Do they? When I exchange between funds at Schwab, it winds up as two orders: a sell order on Day 1 and a buy order on Day 2.
by ziggy29
Fri Nov 06, 2009 1:02 pm
Forum: Investing - Theory, News & General
Topic: *****
Replies: 97
Views: 12908

I don't know about Fidelity or Schwab but whenever I have put in orders for mutual funds at Etrade they give the same warning that once a mutual fund order is placed it cannot be canceled. This warning was for all mutual funds not just Vanguard funds. Fidelity and Schwab allow cancellations before ...
by ziggy29
Fri Nov 06, 2009 11:26 am
Forum: Investing - Theory, News & General
Topic: Idea behind investing is NOT to get rich...
Replies: 51
Views: 12179

Or to put it another way, I don't invest in a way that will most likely maximize my portfolio value. I invest in a way that minimizes my chances of falling short of my goals.
by ziggy29
Fri Nov 06, 2009 11:12 am
Forum: Investing - Theory, News & General
Topic: High Cost Indexing
Replies: 21
Views: 3517

"High cost indexing?"

Not an oxymoron, but still defeating the purpose.
by ziggy29
Fri Nov 06, 2009 11:03 am
Forum: Investing - Theory, News & General
Topic: Schwab ETF's ticker symbols and expense ratios announced
Replies: 50
Views: 11328

As regarding the potential 12b1 fee -- That is enough to make me not use these ETFs for my taxable brokerage account, but I'd still use them for the time being in my IRAs where there is no tax consequence for selling them if they actually start imposing the fee.
by ziggy29
Mon Nov 02, 2009 12:25 pm
Forum: Investing - Theory, News & General
Topic: new I-bond rates due in November
Replies: 39
Views: 8754

Just looking at the I-Bonds vs. taxable TIPS spreadsheet. Giving it 0.3% for I-Bonds and 0.6% (the current 5-year rate) for TIPS, it's hard to come up with a scenario where I-Bonds do better in my (high) tax bracket. Just looking at I-Bonds alone, it shows a steady decline in real value over time i...
by ziggy29
Wed Oct 21, 2009 3:35 pm
Forum: Investing - Theory, News & General
Topic: "The new normal"
Replies: 32
Views: 5682

The "new normal" means oil speculators causing the oil price to spike on any hint that an economic recovery is underway, which in turns sinks the recovery. Rinse, lather, repeat.
by ziggy29
Wed Sep 30, 2009 12:26 pm
Forum: Investing - Theory, News & General
Topic: Pray for hyperinflation - then buy stocks with both hands!
Replies: 10
Views: 2980

The thing is, in environments with runaway inflation not many people have cash on the sidelines waiting to scoop up bargains. Most people are frantically using their cash to buy stuff that is rising in price faster than their incomes.
by ziggy29
Sun Aug 30, 2009 2:15 pm
Forum: Investing - Theory, News & General
Topic: PIMCO Real Return R PRRRX
Replies: 10
Views: 3510

Over 5 and 10 year periods PIMCO is so much better than the indicies that they have continually 'guessed right'. It almost appears that Bill Gross sets the policy and the Treasuty and Fed follow along. Yeah, but it's actively managed and it's not a Vanguard fund, which means to some people here it'...
by ziggy29
Wed Aug 12, 2009 6:50 pm
Forum: Investing - Theory, News & General
Topic: Retire at 38: Fantasy vs. Reality
Replies: 42
Views: 6841

If you join the military at 18, you can collect a pension at 38.
by ziggy29
Mon Jul 27, 2009 2:19 pm
Forum: Investing - Theory, News & General
Topic: WaPo column on Target Date funds
Replies: 33
Views: 3752

It seems like a lot of people seem to think that the very near-date "target funds" are almost risk free. But since most people seem to think even retirees should have 40-60% in stocks, it would make sense for a 2010 target fund to have that much in equities. My biggest complaint with some ...
by ziggy29
Thu Jul 23, 2009 12:15 pm
Forum: Investing - Theory, News & General
Topic: USAA Precious Metals and Minerals Fund (USAGX)
Replies: 11
Views: 4820

Most USAA equity funds aren't stellar, but USAGX has been one of the best in breed for years even after factoring in its expenses. While it's anathema to pure Bogleheads, Mark Johnson has developed enough of a track record that I'm confident in this fund as my part of play on gold and precious metal...
by ziggy29
Fri Jul 03, 2009 8:11 am
Forum: Investing - Theory, News & General
Topic: It Smells Like Deflation
Replies: 72
Views: 10891

One thing that bothers me is that since March the US stock market has rebounded sharply. Given we now have high and growing unemployment, the slowest wage growth in decades, the lowest average weekly hours worked in decades, and foreign economies in the same shape as the US or worse, where is the g...
by ziggy29
Thu Jul 02, 2009 12:35 pm
Forum: Investing - Theory, News & General
Topic: To Those Of You Holding "Weird" Mutual Funds: Why?
Replies: 26
Views: 4487

Re: To Those Of You Holding "Weird" Mutual Funds:

A simple question to those of you holding non-standard Boglehead funds: Why do you do it? Because we may enjoy the taste of Kool-Aid but don't drink it to the exclusion of everything else? I've never understood why so many people think Bogleheadedness must come with 100% purity or else you're a her...
by ziggy29
Thu Jul 02, 2009 11:12 am
Forum: Investing - Theory, News & General
Topic: Did Vanguard Goof on This Fund Launch?
Replies: 11
Views: 2484

Whether or not it will ultimately prove to be a bad idea in all market environments is certainly open to debate. What's not really debatable is that their timing in rolling these out was terrible.
by ziggy29
Thu Jul 02, 2009 9:00 am
Forum: Investing - Theory, News & General
Topic: Schwaby Fundamental too active for taxable accounts???
Replies: 4
Views: 1085

As mentioned above, it would be nice to know how much of the turnover was for the purposes of tax-loss harvesting (probably "good" turnover) and how much was just old-fashioned churning (probably "not good" turnover).
by ziggy29
Tue Jun 30, 2009 3:28 pm
Forum: Investing - Theory, News & General
Topic: A Boglehead Doesn't.....
Replies: 43
Views: 6424

Rick Ferri wrote:...panic during bear markets.

A lot easier to accomplish if you don't.... watch CNBC. :)
by ziggy29
Tue Jun 30, 2009 3:12 pm
Forum: Investing - Theory, News & General
Topic: A Boglehead Doesn't.....
Replies: 43
Views: 6424

...watch CNBC.
by ziggy29
Tue Jun 30, 2009 2:10 pm
Forum: Personal Investments
Topic: REITS, Time to Invest, Yield
Replies: 39
Views: 4512

My target for REITs is 8%, but that's not to say 5% or 10% or whatever may not be appropriate for someone else. Though I will say this as a contrarian: If the "conventional wisdom" is reducing recommended exposure to REITs because of the housing (and perhaps commercial) rel estate meltdown...
by ziggy29
Tue Jun 30, 2009 1:34 pm
Forum: Investing - Theory, News & General
Topic: M* "Four Investment Rules to Ignore"
Replies: 4
Views: 1456

Re: M* "Four Investment Rules to Ignore"

Ignore: 1) Consistency is king in investment selection. 2) If an investment has been a laggard over the past 3-5 yrs, sell it. 3) Your risk tolerance should be the key to your asset allocation. 4) Move into cash when nervous about the market. 1. Depends on your goal. Some people have little toleran...
by ziggy29
Tue Jun 30, 2009 1:29 pm
Forum: Investing - Theory, News & General
Topic: Buy and hold, nothings changed.
Replies: 59
Views: 8464

Past history tells us that the odds are with us if we don't assume "it's different this time."

But that is no assurance that we are correct, only that history is on our side if we (more or less) stay the course.
by ziggy29
Tue Jun 30, 2009 1:20 pm
Forum: Forum Issues and Administration
Topic: Can we legally discuss Social Security here?
Replies: 9
Views: 3549

What you can't discuss is Social Security policy issues. Generally speaking, if the only action anyone can take as a result of a thread is writing a politician to complain about something, it's not acceptable on this forum. With all due respect, I disagree very strongly. If you think SS taxes are g...
by ziggy29
Tue Jun 30, 2009 1:16 pm
Forum: Forum Issues and Administration
Topic: Can we legally discuss Social Security here?
Replies: 9
Views: 3549

If you want to talk about its personal financial impact or its provisions, it's probably OK. You get into politics when you begin to discuss whether it is welfare or socialism that should be abolished. No, we're not even allowed to discuss non-partisan "what ifs" that seem fairly likely t...
by ziggy29
Tue Jun 30, 2009 12:51 pm
Forum: Investing - Theory, News & General
Topic: The End of Tax Free Muni Bonds?
Replies: 23
Views: 4436

eurowizard wrote:The only net gain here is that now the federal government has more control over city and state politics. Theres no net gain for the federal government.
On the contrary, for micromanagers at the federal level this is a HUGE net gain even if it nets out to zero for the Treasury.
by ziggy29
Mon Jun 29, 2009 12:59 pm
Forum: Investing - Theory, News & General
Topic: long-term bonds
Replies: 34
Views: 4926

Behold the power of fear. In the early 1980s there was a common feeling of fear that inflation was out of control and unlikely to be tamed any time soon.

Things can seem obvious in hindsight that seem like wild-eyed optimism in the time of crisis.
by ziggy29
Thu Jun 25, 2009 2:54 pm
Forum: Investing - Theory, News & General
Topic: Financial Math Question
Replies: 14
Views: 2136

The problem here is that TIPS aren't going to have a 2% real yield to maturity each time you buy them with another year's income. Sometimes it may be higher, sometimes it may be lower. If you calculate everything in real dollars and look only at real rate of return, inflation is mostly irrelevant ex...
by ziggy29
Wed Jun 24, 2009 8:32 am
Forum: Investing - Theory, News & General
Topic: Is a college degree worthless?
Replies: 133
Views: 18581

Some rebel at the idea of going to school or to college; they are happy performing menial jobs. Are you saying "menial jobs" are the only alternative to higher education? IMO, that's the mentality that's causing a glut of college degrees and the belief that "no college" means &q...
by ziggy29
Mon Jun 22, 2009 4:37 pm
Forum: Investing - Theory, News & General
Topic: 4.11% actual expense of Schwab International Small-Mid Index
Replies: 14
Views: 3506

Not to defend the accuracy of M*'s data, nor to berate the fund, but the current gross ER according to Schwab is 5.45%. Well, when a fund is new and it has a very small capital base, fees are going to be very high and the only way many can get off the ground is to eat most of the expenses until the...
by ziggy29
Mon Jun 22, 2009 6:49 am
Forum: Investing - Theory, News & General
Topic: Is a college degree worthless?
Replies: 133
Views: 18581

The bottom line, IMO, is that the more college is seen as little more than a ticket to a higher paying job (i.e. the knowledge and the college experience is itself not what is valued), the more it will be true into the future. These days colleges are first and foremost being seen as little more than...