Search found 280 matches

by Dantes
Thu Sep 26, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Half of Retirees Afraid to Use Savings
Replies: 111
Views: 12097

Re: Half of Retirees Afraid to Use Savings

I don't think "afraid" is quite justified here. Not spending money you don't need to spend is a perfectly reasonable response to the uncertainties of the future, including long term and terminal care. Reinvesting RMD's that you don't need is a fine thing to do. Clicking though I did not see the actu...
by Dantes
Wed Sep 18, 2019 7:12 pm
Forum: Investing - Theory, News & General
Topic: Don't confuse strategy with outcome:
Replies: 94
Views: 5558

Re: Don't confuse strategy with outcome:

Strategy is engaging with future probabilistic events. Outcome is the outcome of those events. Strategy is carrying a raincoat tomorrow because there is an 80% chance of rain. Whether or not it actually rains is the outcome. This is a good definition. Its one of those phrases that means remarkably ...
by Dantes
Tue Sep 17, 2019 6:35 am
Forum: Investing - Theory, News & General
Topic: Spreadsheets
Replies: 77
Views: 5911

Re: Spreadsheets

I have lots of spreadsheets - for investments, for projections, for transactions, for tax liability, for expenses. I update them frequently.

I fulfilled my quota of ignoring portfolio performance a few years ago.
by Dantes
Tue Sep 17, 2019 5:35 am
Forum: Investing - Theory, News & General
Topic: Don't confuse strategy with outcome:
Replies: 94
Views: 5558

Re: Don't confuse strategy with outcome:

Strategy is engaging with future probabilistic events. Outcome is the outcome of those events. Strategy is carrying a raincoat tomorrow because there is an 80% chance of rain. Whether or not it actually rains is the outcome. This is a good definition. Its one of those phrases that means remarkably ...
by Dantes
Mon Sep 16, 2019 6:23 am
Forum: Personal Consumer Issues
Topic: Do You Tip At Counter Service Restaurants?
Replies: 145
Views: 8750

Re: Do You Tip At Counter Service Restaurants?

I mostly avoid the customer-facing touch-screen systems by using cash in those types of places. And I agree that when a tip is expected before service has been received that it is redefining what the purpose of a tip is. Take those payment systems out of the equation, and sure I tip at those kinds o...
by Dantes
Wed Aug 28, 2019 1:25 pm
Forum: Investing - Theory, News & General
Topic: Best of Bogleheads - your #1 takeaway
Replies: 151
Views: 14669

Re: Best of Bogleheads - your #1 takeaway

The discussions about Social Security were the most eye-opening for me; I was drifting to index funds anyway when I discovered this forum, but a lot of the info about Social Security - from claiming strategies to taxation - was new to me, and very helpful.
by Dantes
Fri Aug 23, 2019 5:49 am
Forum: Personal Investments
Topic: Suggestions From TIAA and Checkup
Replies: 39
Views: 2939

Re: Suggestions From TIAA and Checkup

OP: Your portfolio size is currently 2 million dollars. If you were retirement age right now you could reasonably withdraw 4%, or 80,000. That is well over your current expenses of $58,000, and does not include Social Security. So you certainly look like you are in fine shape. In your situation I wo...
by Dantes
Thu Aug 15, 2019 2:20 pm
Forum: Personal Consumer Issues
Topic: Hotel recommendation for Cambridge / Boston
Replies: 53
Views: 2696

Re: Hotel recommendation for Cambridge / Boston

Brand new. Very walkable. http://www.theportersquarehotel.com/rooms-en.html This is a great location, very close to the Porter Square redline, one stop from Harvard Square, one stop from Davis Square. The "cheap" room here are small and oddly shaped, which was fine for my purposes. The hotel restau...
by Dantes
Mon Aug 12, 2019 11:25 am
Forum: Personal Consumer Issues
Topic: Is "My Social Security" online worth signing up for
Replies: 31
Views: 2795

Re: Is "My Social Security" online worth signing up for

With an online account you can do things like get a replacement card, change your address, and set up or modify direct deposit. So I believe its worth creating an account just to prevent someone else from fraudulently doing any of those things.
by Dantes
Wed Jul 24, 2019 12:38 pm
Forum: Personal Investments
Topic: Estimating Long Term Capital Gains in Retirement
Replies: 6
Views: 503

Re: Estimating Long Term Capital Gains in Retirement

Since OP wrote "we" I assume they file married joint; with 60,000 income they would pay 0 tax on long term capital gains. In fact they should harvest capital gains up to the point where they would start to incur taxes, just to reset the cost basis.
by Dantes
Tue Jul 23, 2019 4:21 pm
Forum: Personal Investments
Topic: moved my wifes 401K account from big brokerage handled by money mgr
Replies: 21
Views: 1162

Re: moved my wifes 401K account from big brokerage handled by money mgr

Move it some place where you get free trades - otherwise dumping $15.70 cents worth of Weatherford International is going to be a disappointment. One simple and quick solution - after moving to a brokerage that will give you some free trades, maybe Fidelity - is, since they all appear to be stocks, ...
by Dantes
Tue Jul 23, 2019 4:14 pm
Forum: Personal Consumer Issues
Topic: Best intro to Python programming?
Replies: 21
Views: 2646

Re: Best intro to Python programming?

Another vote for the MITx course Introduction to Computer Science and Programming Using Python. I took it a few years ago, it was more work than I expected - thats a god thing - and I ended up doing quite a bit of Python programming in my last year of employment. Its an interesting and quirky langua...
by Dantes
Sun Jul 21, 2019 6:05 am
Forum: Personal Finance (Not Investing)
Topic: SS benefit discrepancy
Replies: 14
Views: 1630

Re: SS benefit discrepancy

My 2018 earnings were visible on the mySSN page when I logged into the site on January 26th of 2019. The earnings amount was very different from the previous year, and matched my W-2. They were not using an estimate. So its not a single process that updates everyone at the same time.
by Dantes
Fri Jul 12, 2019 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Summary Notice for Part B
Replies: 11
Views: 1519

Re: Medicare Summary Notice for Part B

Unless I missed something above, the OP's problems are due to the really exceptional incompetence of his provider, who for months has had incorrect data recorded with Medicare and has not corrected it - and yet feels free to criticize Medicare for not including a more informative error code. How is ...
by Dantes
Fri Jun 28, 2019 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: What is the sentence for laminating a Medicare Card?
Replies: 50
Views: 14142

Re: What is the sentence for laminating a Medicare Card?

The penalty for laminating a social security card, or even putting a piece of Scotch tape across the number, is that in Massachusetts you cannot get a Real ID when you apply for, or renew, your drivers license. Just happened to me at the RMV. They do warn you online. Thank goodness Alabama didn't a...
by Dantes
Mon Jun 10, 2019 7:09 pm
Forum: Investing - Theory, News & General
Topic: The collapse of Neil Woodford
Replies: 22
Views: 3644

Re: The collapse of Neil Woodford

I liked
Anyway it’s a truth universally known that a man in possession of a large fortune, a super public profile, and a proven ability to beat the market generally wants to do it bigger and better.
by Dantes
Mon Jun 10, 2019 3:57 pm
Forum: Investing - Theory, News & General
Topic: Is it bad to look at debt (student loans) like this?
Replies: 39
Views: 3203

Re: Is it bad to look at debt (student loans) like this?

Scenario A is a lot of debt for only a 30K annual boost. How long to pay off? 20 years? GIven the way the world changes, I think it would be a bad choice to borrow 600K to make an extra 30K, flat, per year - unless that was what it took to get that one perfect job. Then its another story, but one ha...
by Dantes
Sat Jun 01, 2019 5:46 am
Forum: Investing - Theory, News & General
Topic: Roth IRA contributions in retirement....
Replies: 3
Views: 417

Re: Roth IRA contributions in retirement....

After any RMD's are taken out, though, you may convert additional funds from tax-deferred to a Roth account. but you can't just wait to see if you need to spend it first, though. As long as you have had a Roth for at least 5 years, if you are withdrawing funds from a tax deferred account - and any R...
by Dantes
Wed May 29, 2019 5:47 am
Forum: Personal Consumer Issues
Topic: Donating my 2002 Toyota Corolla
Replies: 12
Views: 1292

Re: Donating my 2002 Toyota Corolla

Have you checked that charity out?
by Dantes
Fri Apr 26, 2019 3:39 pm
Forum: Personal Consumer Issues
Topic: [Online Learning] Anyone used Coursera or edX?
Replies: 4
Views: 581

Re: [Online Learning] Anyone used Coursera or edX?

I took an edX course back in 2016, Introduction to Computer Science Using Python. MITx-6.00.1x. On-iine lectures, a fair amount of work. If it really was someone's first introduction to Computer Science I would expect it to be a lot of work. The assignments were completed by submitting a script with...
by Dantes
Fri Apr 26, 2019 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Taxes: marginal rate now vs effective rate in retirement
Replies: 198
Views: 10320

Re: Taxes: marginal rate now vs effective rate in retirement

The tax rate on "the next dollar" is about as useful as one dollar.
by Dantes
Thu Apr 25, 2019 5:15 am
Forum: Personal Finance (Not Investing)
Topic: Taxes: marginal rate now vs effective rate in retirement
Replies: 198
Views: 10320

Re: Taxes: marginal rate now vs effective rate in retirement

I don't think I've seen any discussion on the impact of Social Security on marginal tax rates in retirement in this thread - maybe I missed it? It can be a big deal. I am retired, and so have a reasonably good idea of my tax situation. I expect that in, say, 2024, I will be in the 12% federal and 5....
by Dantes
Fri Apr 19, 2019 2:34 pm
Forum: Personal Investments
Topic: Should I start doing Roth Conversions and if so
Replies: 89
Views: 6601

Re: Should I start doing Roth Conversions and if so

[ deleted - question about dividends answered above ]
by Dantes
Fri Apr 19, 2019 2:22 pm
Forum: Investing - Theory, News & General
Topic: This could be the biggest risk that retirees face?
Replies: 117
Views: 9137

Re: This could be the biggest risk that retirees face?

Unfortunately, the risk of dementia and Alzheimer's begin to increase exponentially beginning in one's 80s. According to Larry Swedroe, one in three persons aged 85 is likely diagnosed with Alzheimer's and the risk continues to increase beyond that age. Look to your left and right at the persons st...
by Dantes
Sat Apr 13, 2019 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Possible Missing Info on Social Security Website?
Replies: 4
Views: 415

Re: Possible Missing Info on Social Security Website?

I'm receiving spousal benefits. When I log in to the My Social Security Site the first page I see has my estimated benefits at current age and my last reported earnings. There is a View Estimated Benefits link that shows my age 70 projected benefit. Can't imagine why someone else would be presented ...
by Dantes
Sat Apr 13, 2019 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Our situation: should my spouse wait till age 70 to claim Social Security?
Replies: 5
Views: 1084

Re: Our situation: should my spouse wait till age 70 to claim Social Security?

One reason for the high earner to defer filing for Social Security until age 70 is that that increased amount will become the lower earner's benefit if the high earner dies first. The amount has some tax benefits (at most, 85% is taxable) and some inflation protection. They have some protection from...
by Dantes
Tue Apr 09, 2019 5:39 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4017
Views: 1149870

Re: What Book Are You Currently Reading? Part VI

Personal Memoirs of U. S. Grant - the relatively new annotated edition from Harvard University Press. Annotations are extensive, particularly about every named individual in the memoirs. Its a well-produced book, good paper, good page layout, reasonable type size. Good dust jacket, fairly blah bind...
by Dantes
Sat Apr 06, 2019 6:28 pm
Forum: Personal Investments
Topic: What is my 2018 Roth contribution eligibility
Replies: 14
Views: 779

Re: What is my 2018 Roth contribution eligibility

I agree with your opinion on the income limitation - see - https://www.irs.gov/retirement-plans/plan-participant-employee/amount-of-roth-ira-contributions-that-you-can-make-for-2018 . I can't see why you couldn't contribute to Roths for your spouse and yourself. Personally I would just do it. Your 4...
by Dantes
Sat Apr 06, 2019 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Any reason for younger wife not to file at FRA? When her benefit is much smaller.
Replies: 16
Views: 1174

Re: Any reason for younger wife not to file at FRA? When her benefit is much smaller.

My situation is identical. If I assume that we both will survive well into our 80's, the plan we will follow is that she will take her reduced benefit at age 62 (about $400 vs $600 per month) and when I turn 70 I will take my benefit, and she will take the spousal benefit, which will be about 1/2my...
by Dantes
Fri Apr 05, 2019 4:42 pm
Forum: Personal Investments
Topic: Got rid of Advisor, trying to rebalance portfolio
Replies: 5
Views: 852

Re: Got rid of Advisor, trying to rebalance portfolio

If your marginal rate is 37% then you will be in the top bracket for capital gains - which is just 20%. If you are ever going to want to spend the money tied up in those funds then why not at least gradually liquidate them? If I was paying 37% then 20% would look cheap to me. But if you have no plan...
by Dantes
Fri Apr 05, 2019 3:24 pm
Forum: Personal Consumer Issues
Topic: Is there value in conversation/communication books?
Replies: 15
Views: 981

Re: Is there value in conversation/communication books?

A few decades ago I worked in a bookstore. Professional self-help books (which is how I would classify the OP's book list) was a category that sold very well. Each year there would be a few hot titles; a couple of years laster those books couldn't be given away, there were new hot titles - the new t...
by Dantes
Mon Apr 01, 2019 4:27 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4017
Views: 1149870

Re: What Book Are You Currently Reading? Part VI

The Whys of a Philosophical Scrivener by Martin Gardner. A collection of essays on what he believed and did not believe, in philosophy, ethics, economics, political theory and religion. Gardner is best known for either his long-running column in Scientific American magazine, or his annotated editio...
by Dantes
Sat Mar 30, 2019 6:05 am
Forum: Investing - Theory, News & General
Topic: Can compounding actually, LITERALLY take place on non-dividend stocks?
Replies: 49
Views: 3136

Re: Can compounding actually, LITERALLY take place on non-dividend stocks?

As usual posters are disagreeing because they use different meanings for the same word. For some people it seems to simply mean growth, while for others the compounding in the title refers to compound interest. I think that almost everyone knows that growth has occurred in non-dividend paying stocks...
by Dantes
Thu Mar 28, 2019 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Half of American retirees have no savings
Replies: 49
Views: 2146

Re: The Retirement Crisis

I particularly liked this Now fast forward 15 years to 2016, when this same age-group of people would now be aged 65 to 74. Their median household income in 2016 was $20,901, equal to 88% of their pre-retirement earnings – a more than adequate “replacement rate” by most financial advisors’ recommend...
by Dantes
Sat Mar 16, 2019 5:57 am
Forum: Investing - Theory, News & General
Topic: Indexing beats Wellington and Wellesley right?
Replies: 105
Views: 19532

Re: Indexing beats Wellington and Wellesley right?

Because they have names that are appeal to all those interested in the Peninsular War in Spain and Portugal 1808-1814, or in the Battle of Waterloo Because they have been around a long long time Because they are pretty conservative large cap blends, and if you want to be active they are about as uns...
by Dantes
Fri Mar 15, 2019 11:42 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1005
Views: 108552

Re: What frugal thing did you do today?

We recently replaced a 20 year old mattress with new new mattress-in-a-box. That left us with the old king-size mattress to dispose of. We do not live in an area with a mattress-recycling facility, so DW and I took the mattress apart, and extracted all the metal springs - we couldn't see all that st...
by Dantes
Sat Mar 09, 2019 5:47 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4749
Views: 1226578

Re: What Movie Have You Recently Watched?

Topper on Turner Classic Movies (TCM) channel. This is a classic comedy (1937) starring Cary Grant, Constance Bennett, Roland Young and Billie Burke. Ghosts of a fun living couple try to help a hen pecked banker loosen up. One of my favorites. It was a good movie in general but Roland Young was by ...
by Dantes
Fri Mar 01, 2019 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: BH could you live off your SS benefit?
Replies: 141
Views: 7679

Re: BH could you live off your SS benefit?

Yes. When I turn 70 next year our combined SS will be roughly equivalent to our budgeted spending.
by Dantes
Thu Feb 28, 2019 7:00 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1498
Views: 156642

Re: [What TV Show Have You Recently Watched?]

barreg wrote:
Sat Feb 23, 2019 10:50 am
Currently watching The Umbrella Academy on Netflix and it's pretty good. Kind of a combination superhero/mystery series.
I watched the first two episodes last night and like it a lot. I really liked the selection and use of music, something I don't normally think much about on this sort of show.
by Dantes
Mon Feb 25, 2019 5:38 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1498
Views: 156642

Re: [What TV Show Have You Recently Watched?]

Via a BritBox subscription: the original episodes of Dr. Who, from the 1960's. I was surprised at how good the vey first episodes were. My previous exposure was with the Tom Baker episodes broadcast in the US in the early eighties.
by Dantes
Wed Feb 13, 2019 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Can I file jointly with my girlfriend
Replies: 32
Views: 4216

Re: Can I file jointly with my girlfriend

if one filed jointly as partners in a common law marriage then wouldn't one then legally be married? i.e. dissolution would require a formal divorce? At which point there is no difference between a state-sanctioned marriage and the common-law marriage?
by Dantes
Thu Jan 31, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Were you 100% debt free at retirement
Replies: 163
Views: 11584

Re: Were you 100% debt free at retirement

No. But by coincidence we today - 10 months after my retirement - we paid of our mortgage - it was low 5 figures and at only 2.9%, but I have been looking for ways to reduce my IRA; that was almost as good as any; will reduce the our draw from taxable while I wait for age 70 and my social security.
by Dantes
Thu Jan 31, 2019 7:44 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4749
Views: 1226578

Re: What Movie Have You Recently Watched?

Shimmer Lake on Netflix. Liked it a lot, DW has watched it twice. Very funny, but with some thoughtful moments.
by Dantes
Sun Jan 27, 2019 7:30 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4017
Views: 1149870

Re: What Book Are You Currently Reading? Part VI

Reality Is Not What It Seems by Carlo Revolli. An extremely readable book by a theoretical physicist whose focus ( I almost said field , but after reading this book I realize I have an incomplete understanding of that word ) is loop quantum gravity. I previously read his Seven Brief Lessons on Phys...
by Dantes
Sat Jan 26, 2019 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Timing of updates to SSA.GOV
Replies: 9
Views: 2785

Re: Timing of updates to SSA.GOV

To add onto an old thread: I noticed this morning (Jan 26 2019) that the my social security site has just added my 2018 earnings (which were dramatically different from prior years), and has updated values for current and age 70 estimates. Looks like updates are dependent only on the employer submis...
by Dantes
Wed Jan 23, 2019 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should I use my Roth IRA to pay off CC debt
Replies: 29
Views: 5583

Re: Should I use my Roth IRA to pay off CC debt

When you make the adjustments to your lifestyle that will enable you to pay off the credit card debt then you will know the real cost of using credit cards. From my personal experience I would say there is no better way to learn how to control expenditures.
by Dantes
Sat Jan 19, 2019 1:11 pm
Forum: Investing - Theory, News & General
Topic: What does 20% extra of portfolio allocated to equities get you?
Replies: 128
Views: 9684

Re: What does 20% extra of portfolio allocated to equities get you?

Yes. Except i would say "variance" rather than extra. More equity happened to mean worse performance for 1 year. I think of "extra" as poitive rather than absolute.
by Dantes
Thu Jan 17, 2019 7:34 am
Forum: Personal Investments
Topic: Roth contribution with the HEART act
Replies: 8
Views: 856

Re: Roth contribution with the HEART act

According to the FDIC, https://www.fdic.gov/deposit/deposits/brochures/your-insured-deposits-english.html , its per depositor, bank and account ownership category. The FDIC adds together all single accounts owned by the same person at the same bank and insures the total up to $250,000. So it looks l...
by Dantes
Wed Jan 16, 2019 8:25 am
Forum: Personal Investments
Topic: Roth contribution with the HEART act
Replies: 8
Views: 856

Re: Roth contribution with the HEART act

I'm surprised you haven't gotten replies yet, so I will note the following: 1. With decent CDs you will probably stay pretty close to inflation, but keeping up with inflation is not guaranteed. 2. The best place to purchase CDs depends on your location and and circumstances. Usually on-line banks su...
by Dantes
Sat Jan 12, 2019 5:15 pm
Forum: Investing - Theory, News & General
Topic: Emerging markets cannot be fairly valued and investors are better off elsewhere: Change my mind :)
Replies: 128
Views: 9230

Re: Emerging markets cannot be fairly valued and investors are better off elsewhere: Change my mind :)

Re Point 1) Do you believe that, perhaps, under these assumptions you would have bought South Sea stock in 1720? You would not have if you had demanded fair value. The fair value of the company was, after all, easy to evaluate, because all of its actual earnings came from the British government and...