Search found 36 matches

by Milo Bloom
Tue Mar 06, 2018 5:55 pm
Forum: Investing - Theory, News & General
Topic: What's that smell?
Replies: 41
Views: 6164

Re: What's that smell?

Taylor Larimore wrote: ↑
Tue Mar 06, 2018 12:49 pm

3funder:

A diversified portfolio should always have underperforming elements.

Stay the course.

Best wishes.
Taylor
Taylor,

Thanks for pointing this out. I had never considered that this should be the case.

Hope all is well.
by Milo Bloom
Wed May 10, 2017 5:23 pm
Forum: Personal Consumer Issues
Topic: Should I switch my home electric bill to "Time of Day" billing?
Replies: 22
Views: 2515

Re: Should I switch my home electric bill to "Time of Day" billing?

If you can change your electricity usage patterns you will more than likely see a savings. You will probably need to raise your thermostat during those hours and try to limit the use appliances that use large amounts of electricity such as the clothes dryer, water heater (if electric), and possibly ...
by Milo Bloom
Wed Jan 25, 2017 3:00 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 12600

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

Happy Birthday Taylor!! Hopefully your day included a nice sail!
by Milo Bloom
Thu Feb 27, 2014 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement and ObamaCare
Replies: 26
Views: 3721

Re: Early Retirement and ObamaCare

Thanks all for the information. I am really surprised that no consideration is given to net worth. He is living on a fraction of what he did during his "working life". His reported income will decline greatly this year. I am sure he will now look for specific information from the ACA website or our ...
by Milo Bloom
Thu Feb 27, 2014 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement and ObamaCare
Replies: 26
Views: 3721

Early Retirement and ObamaCare

A friend of mine recently decided to retire early. He's 56. He feels he has accumulated enough to live out his life comfortably. We were discussing whether or not he would qualify for a subsidy under Obamacare since his income over the next few years will be essentially dividend and interest income ...
by Milo Bloom
Thu Aug 15, 2013 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage or Not?
Replies: 11
Views: 1396

Re: Mortgage or Not?

Outer Marker wrote: Isn't the idea of "downsizing" to reduce costs and free up assets to do other things in retirement? I plan to have a smller, lower cost place -- and do more things I don't have the time to now . . . Unfortunately that is not always possible. In our case, the location of our exis...
by Milo Bloom
Wed Aug 14, 2013 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage or Not?
Replies: 11
Views: 1396

Mortgage or Not?

Hi all, We are selling our house of 27 years and downsizing. The new home will cost more than our current home and we are trying to decide if we should pay for the new home with savings or should we consider a small short term mortgage? Me 56, Wife 60 Wife will work at least 3 more years, I will pro...
by Milo Bloom
Tue Feb 12, 2013 8:37 am
Forum: Investing - Help with Personal Investments
Topic: 401k - Highly Compensated Test
Replies: 9
Views: 1621

Re: 401k - Highly Compensated Test

Milo, I share your dismay! This year I'm finally under the threshold limit again so I'm contributing the max. There are benefits when your company begins to heavily outsource jobs to the point they no longer see the need to give raises. Executive management has done little to increase the contribut...
by Milo Bloom
Mon Feb 11, 2013 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: 401k - Highly Compensated Test
Replies: 9
Views: 1621

Re: 401k - Highly Compensated Test

Thanks Livesoft but I forgot to mention that there is no company match and our partners have no intention of starting one now.

As I understand it, a safe harbor 401k plan requires a company match.
by Milo Bloom
Mon Feb 11, 2013 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: 401k - Highly Compensated Test
Replies: 9
Views: 1621

401k - Highly Compensated Test

I work for a very small company and have for 25+ years. With people leaving and new hires I am now considered one of the highly compensated employees. Our recent test for 401k compensation has indicated that I will be required to take a distribution from last year. One of our partners has suggested ...
by Milo Bloom
Mon Jun 01, 2009 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement - House Purchase
Replies: 6
Views: 1268

Bruce M wrote: Now, home ownership may provide the client with long-term financial growth, depending on the client's circumstances and market conditions. But a competent financial advisor would not only explain this potential financial benefit, but would spend just as much time explaining the costs ...
by Milo Bloom
Mon Jun 01, 2009 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Retirement - House Purchase
Replies: 6
Views: 1268

I don't actually think he means additional income. I guess I should have stated it another way. I believe that the FP is explaining to these people that the tax advantage of buying the new home will improve their financial position. I don't understand it either and am hoping that someone else has he...
by Milo Bloom
Mon Jun 01, 2009 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Retirement - House Purchase
Replies: 6
Views: 1268

Retirement - House Purchase

I recently ran into a friend that I had not seen for a while and we began talking about work, the economy, and retirement, etc. He said that a friend of his had met with his Financial Planner and that the FP had strongly suggested that the friend purchase a rather expensive new home. He went on to s...
by Milo Bloom
Wed Apr 02, 2008 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Would you still work if independently wealthy?
Replies: 45
Views: 10096

Return to School

Indepent wealth would afford me the opportunity to return to college and take all those courses that interested me but I was unable to take in pursuing my degree. What better environment than being in college. Something new every few months and the chance to learn something new! I would absolutely l...
by Milo Bloom
Mon Mar 24, 2008 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Rate of return calculation
Replies: 9
Views: 2533

Dividends .. cap gains ???

Mr_Rossi, Why is that reinvested dividends are NOT to be included in the calculation? It would seem that if you received these dividends and bought more shares with that money that you would include those transactions in the calculations so why not reinvested dividends? Thanks for the help (Just try...
by Milo Bloom
Tue Mar 18, 2008 11:14 am
Forum: Investing - Theory, News & General
Topic: Ways to Stay Calm in Bad Markets
Replies: 27
Views: 6332

What is the alternative?

I think about the alternative to being in the market. Since I have a long-term perspective, I think about if I am not in the market then there will be no way for me to accumlate enough to retire someday. As I get closer to retirement the plan is to be less dependent on the market - but for now I con...
by Milo Bloom
Fri Mar 14, 2008 8:26 am
Forum: Personal Finance (Not Investing)
Topic: What Book Are YOU Currently Reading?
Replies: 566
Views: 231248

Einstein

"Einstein" by Walter Issacson

Interesting read - very nice insight into his life
both professionally and personally.
by Milo Bloom
Fri Mar 14, 2008 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Fuel efficient cars
Replies: 45
Views: 9935

Comparisons

I think that some of the comparisons here do not actually compare "apples" to "apples". For example, the comparison of a Prius and a Corolla. The Prius has much more room than the Corolla and can comfortably seat 4 adults. I think the better comparison would be to the Camry or the Honda Accord. When...
by Milo Bloom
Wed Jan 16, 2008 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Sell a house, invest profits, finance new home?
Replies: 4
Views: 1520

Sell a house, invest profits, finance new home?

Recently a friend and I were having a discussion about selling his current home and buying another house. He indicated that he was thinking about selling his house and investing the profit in a mutual fund rather than re-invest it in his next home. His thoughts are that with interest rates so low (a...
by Milo Bloom
Mon Jun 18, 2007 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for a 49 year old who has never manged her money...
Replies: 19
Views: 8220

Read, Read, Read

Robin, Welcome to the Forum! This is a great place to learn and lots of very patient people hear to help. With that said, it is very important to get familiar with different strategies so you can understand the advantages and disadvantages of each. Read all you can. Get educated. "Bogleheads Guide t...
by Milo Bloom
Mon May 21, 2007 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Power Line Problem? Sell house or stay put?
Replies: 5
Views: 2197

Studies are accurate

I think the studies on this issue are probably accurate. This has been an issue for quite some time now and the studies were performed on electrical utility workers who work in very close proximity to these types of lines. That being said - if you are still uncomfortable then I think you should cons...
by Milo Bloom
Fri Apr 27, 2007 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Asset Allocation
Replies: 31
Views: 15363

Health Insurance

Hydroman, You indicated that you will buy health insurance. If I may ask, what type of policy have you decided on? By that I don't mean what company, etc. but what type of benefits. Is it a catastrophic type policy with a large deductible or something with a smaller deductible and more coverage? Hea...
by Milo Bloom
Fri Apr 27, 2007 10:06 am
Forum: Investing - Theory, News & General
Topic: All wealth builders are savers
Replies: 12
Views: 4650

Nice article!

Thanks for the link Michael. My wife and I have been noticing for many years now how some of our friends spend without considering the effects on retirement. It helps keep things in perspective for us. Obviously there is a balance between having a life and saving for retirement. Thanks again and GO ...
by Milo Bloom
Wed Apr 25, 2007 2:05 pm
Forum: Investing - Theory, News & General
Topic: Many Americans Are Living in a Retirement Fantasyland
Replies: 17
Views: 6701

I agree with Dale..

No. 4 on Dale's list is EDUCATION. I think it is unbelievable how little people understand about saving for retirement. Talking to others, in particularly young people, makes me realize the real need for financial education at the high school level. The other thing that amazes me is the attitude tha...
by Milo Bloom
Wed Apr 25, 2007 1:55 pm
Forum: Investing - Theory, News & General
Topic: Suze Orman offers "diehardish" article.
Replies: 27
Views: 11046

Did anyone read .....

Did anyone read the comments at the end of the article?

"Take some of the profits. Pigs get slaughtered."

From their ratings they didn't think much of the article.
by Milo Bloom
Fri Apr 20, 2007 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Tax Return Procrastination
Replies: 19
Views: 7041

Maybe 2 Questions Needed

I think maybe it would matter whether you are due a refund or need to pay some. Or maybe the question could be: When do you calculate your taxes? I calculate mine very soon after receiving all information and would file if I were due a refund soon after. Since I have owed taxes for the last few year...
by Milo Bloom
Fri Apr 20, 2007 9:42 am
Forum: Personal Finance (Not Investing)
Topic: The Yankee Or Dixie Quiz
Replies: 51
Views: 25071

True Dixie Here

75% Dixie here.

That was fun. Intereting to see how people refer
to certain items.

Thank ya'll for that link.
by Milo Bloom
Wed Apr 04, 2007 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: what is your job/occupation?
Replies: 84
Views: 45072

EE

What I do everyday until I retire -

Electrical Engineer and Utility Rate Analyst

Milo
by Milo Bloom
Wed Apr 04, 2007 11:51 am
Forum: Personal Consumer Issues
Topic: What does your avatar symbolize?
Replies: 160
Views: 72220

Simpy a Fan

Grew up with Bloom County - Milo, Opus, Bill the Cat, etc. and have
been a big fan for years. Their outlook on life helps keep things in the proper persepective for me sometimes.

This forum and the people here also help keep things in perspective too.

Thanks all,
Milo
by Milo Bloom
Tue Mar 20, 2007 9:06 am
Forum: Investing - Theory, News & General
Topic: How did you pay for your last car?
Replies: 54
Views: 30039

Credit Card Rewards

We were looking used until we reallized that with our GM credit card earnings we could buy a new car for less than a used one. My wife wanted a Camaro (before they stopped making them) and so we were able to use the GM card earnings and pay cash for the balance. It's 6 years old with only 38K miles....