Search found 198 matches

by Dantes
Tue Jul 17, 2018 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Considering lump sum withdrawal from former employer's retirement fund, to have $ actively managed by pro $ manager
Replies: 10
Views: 959

Re: Considering lump sum withdrawal from former employer's retirement fund, to have $ actively managed by pro $ manager

You have close to a million in various retirement accounts, pension, and social security, so the answer to #1 is yes you are in a good place to have retirement income of 4K a month. With a current income of over 125K, if that represents, say, 20 years a gradual growth then Social Security is likely ...
by Dantes
Sun Jul 08, 2018 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Would you take a job in a less desirable city if you had to work fewer days?
Replies: 40
Views: 2900

Re: Would you take a job in a less desirable city if you had to work fewer days?

I would have done it in a second. I usually ended up working more than 8 hours a day anyway, with the result that I had only a couple of hours of discretionary time a day M-F, and at least one weekend day would be devoted to chores and errands. I would have viewed this as a chance to nearly triple m...
by Dantes
Thu Jul 05, 2018 5:51 am
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 7786

Re: Tipping at non sit down places

Yes, if there is a tip jar, unless I dislike the setup, or if the person behind the counter is unpleasant. Why not?
by Dantes
Tue Jul 03, 2018 5:26 am
Forum: Personal Finance (Not Investing)
Topic: Australians and the Barefoot Investor: a NYT book review
Replies: 4
Views: 719

Re: Australians and the Barefoot Investor: a NYT book review

Thanks for posting the link. Really enjoyed the article.
by Dantes
Mon Jul 02, 2018 5:48 am
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 185
Views: 18685

Re: Retirement strategy?

This seems rather convoluted: The authors show that, for each additional 1% you save in your retirement, increasing your investment performance by 1% for 30 years is equal to postponing your retirement by 0.4 months—not quite two weeks, in other words. Are they are saying that the 1% increase in per...
by Dantes
Sun Jul 01, 2018 8:10 am
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 212
Views: 12845

Re: What are your property taxes?

Maine. A bit over 2% of assessed value. Property values are low.
by Dantes
Fri Jun 29, 2018 5:24 am
Forum: Personal Consumer Issues
Topic: [Do you subscribe to Consumer Reports?]
Replies: 31
Views: 2821

Re: Are many of you??????

Yes, to both questions.
by Dantes
Fri Jun 22, 2018 5:20 am
Forum: Investing - Help with Personal Investments
Topic: Questions about RMD and insurance.
Replies: 11
Views: 1080

Re: Questions about RMD and insurance.

What is special about the 1970's with respect to Employer health insurance? RM Only that benefits were better back then. There has been a long and mostly gradual decrease in health coverage benefits for retirees since the 1970's, to accompany the long and not so gradual increase in the cost of heal...
by Dantes
Thu Jun 21, 2018 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: Questions about RMD and insurance.
Replies: 11
Views: 1080

Re: Questions about RMD and insurance.

The other question is about insurance. She's already signed up for Medicare. She's still getting coverage through our employer now. When she retires, she will have the option to continue purchasing the same insurance through our university, at the full university cost (rather than the subsidized co...
by Dantes
Mon Jun 18, 2018 3:53 pm
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 8385

Re: Which Supermarket are you?

Hannaford, a northeast chain, because of nearness. 1 hour trips to Trader Joe for wine, nuts, and so on every few weeks. Local eggs from a local health food store, always. I make an effort to avoid GMO foods, and prefer organic when the price is not way higher - and it depends what the nature of the...
by Dantes
Wed Jun 13, 2018 5:06 pm
Forum: Personal Consumer Issues
Topic: How do you celebrate (potty trained kid) milestone with your spouse?
Replies: 93
Views: 5003

Re: How do you celebrate (potty trained kid) milestone with your spouse?

I tried to describe the range of responses on this thread to my spouse; her response was that Bogleheads have to much time on their hands.

More seriously, this event brings its own reward. But for young parents dinner out without the kids is a good thing on occasion.
by Dantes
Wed Jun 13, 2018 6:33 am
Forum: Investing - Theory, News & General
Topic: 3.75 mortgage with PMI or refinance 4.4 no PMI
Replies: 6
Views: 699

Re: 3.75 mortgage with PMI or refinance 4.4 no PMI

I was unaware that private mortgage insurance could last indefinitely, but checking I see it does in some cases, such as FHA. One consequence of this is that if interest rates go up it may reach a point where its not worth refinancing to avoid the PMI. Where is "future P & I - $818" coming from? Tha...
by Dantes
Wed Jun 13, 2018 6:14 am
Forum: Investing - Theory, News & General
Topic: Schwab's market predictions next 10 years
Replies: 20
Views: 2777

Re: Schwab's market predictions next 10 years

Its a perfectly reasonable article. If people want predictions they could find a lot worse, and if they looked around they would find basically the same projections in lots of different places. Lower US returns, stronger international returns, lower bond returns has been the general consensus for so...
by Dantes
Tue Jun 05, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: SS calculator for estimated amount $ working min years 40 quarters or fixed # of years
Replies: 12
Views: 982

Re: SS calculator for estimated amount $ working min years 40 quarters or fixed # of years

Both wages and bend points are adjusted based on the National Average Wage Index, as of the year the recipient turns 62. Strictly speaking, your AWI and bend points are determined based on the year you turn 60, discussion here: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=210395 Thanks! The...
by Dantes
Tue Jun 05, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: SS calculator for estimated amount $ working min years 40 quarters or fixed # of years
Replies: 12
Views: 982

Re: SS calculator for estimated amount $ working min years 40 quarters or fixed # of years

Both wages and bend points are adjusted based on the National Average Wage Index, as of the year the recipient turns 62. This year - for those who turn 62 in 2018 - the bend points are 895 and 5,397. If your wages, after indexing, were 120,000 a year, then the total would be 1,800,000. Divide that b...
by Dantes
Tue Jun 05, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 5305

Re: New SS claiming calculator

(I was also surprised that the alternative I put in was worth more, in todays dollars, than the recommended strategy.) Yes, this is apparently a bug. If you could provide more information that would help me hunt down the problem. More like my bug! I put in, as an alternative, what we actually did, ...
by Dantes
Tue Jun 05, 2018 5:26 am
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 5305

Re: New SS claiming calculator

A nice, simple design. But why does the "Test an Alternative Claiming Strategy" section require dates for both my spouse's month/year to claim spousal benefits, and my own month/year to claim spousal benefits. That was with birth years of 1950. (I was also surprised that the alternative I put in was...
by Dantes
Mon Jun 04, 2018 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Employer-subsidized retiree health insurance questions
Replies: 19
Views: 1226

Re: Employer-subsidized retiree health insurance questions

Access to a plan that is not restricted to a specific geographical area in your country is valuable. I have a 50% subsidy from a university. I could actually pay a bit less if I went with a local Medicare Advantage plan, unsubsidized, but I value not being restricted to a specific network.
by Dantes
Sat Jun 02, 2018 4:22 am
Forum: Personal Finance (Not Investing)
Topic: Milestones on the way to FI [Financial Independence]
Replies: 28
Views: 3145

Re: Milestones on the way to FI

Having a real emergency fund. That provided the stability needed for budgeting and saving.
by Dantes
Sun May 20, 2018 7:55 am
Forum: Investing - Help with Personal Investments
Topic: Buying shares in Demutualized bank
Replies: 19
Views: 1612

Re: Buying shares in Demutualized bank

You may be able to make some money with it, but that's a bug not a feature. Like with insurance companies, demutualization is usually more about a windfall for insider employees than either the fiscal strength of the institution or account holders. Where I used to work I could stand on a street cor...
by Dantes
Sun May 20, 2018 6:18 am
Forum: Personal Finance (Not Investing)
Topic: SS Benefits and Medicare Part B Premiums Question
Replies: 9
Views: 1115

Re: SS Benefits and Medicare Part B Premiums Question

I was already receiving spousal benefits when I went on Medicare Part B. My first month of Part B coverage was April 2018, and my April Social Security payment (received in April for my March benefit ) was the first showing the withdrawal for the Medicare premium. So to me it looks like the premium ...
by Dantes
Mon May 14, 2018 8:03 am
Forum: Forum Issues and Administration
Topic: The front page is ugly
Replies: 140
Views: 12235

Re: The front page is ugly

And Google should update its front page as well.
by Dantes
Thu May 03, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house and High tax state.. Does it make sense anymore??
Replies: 28
Views: 2298

Re: Buying a house and High tax blue state.. Does it make sense anymore??

Average state-wide property tax rate in New York is supposedly 1.65% ( https://smartasset.com/taxes/new-york-property-tax-calculator ). If it were 1.65% then the 20K would represent a valuation of something like 1.21 million. And if 20K is 60% of your rent then you are paying 40K annually. What is t...
by Dantes
Wed May 02, 2018 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Ally asking CURRENT customer to provide SSN card?
Replies: 58
Views: 4385

Re: Ally asking CURRENT customer to provide SSN card?

I would want to know exactly what they mean by "may be subject to providing this". That certainly means something different from "must".

Do you have 150 accounts with Ally? And what is the value of a copy of a social security card? What could be easier to fake?
by Dantes
Sat Apr 28, 2018 6:59 pm
Forum: Personal Consumer Issues
Topic: Which literary magazine do you read?
Replies: 12
Views: 799

Re: Which literary magazine do you read?

New York Review of Books. Sometimes when I look at at new issue its like a flashback to 1972; I swear the first issue I ever saw had an article about Auden, and they still run articles about Auden. But that aside it has some really interesting content. I don't read each issue cover to cover. New Yor...
by Dantes
Sat Apr 28, 2018 5:12 am
Forum: Investing - Theory, News & General
Topic: Can indexing be considered as active management ?
Replies: 21
Views: 1652

Re: Can indexing be considered as active management ?

airelleofmusic wrote:
Sat Apr 28, 2018 4:39 am

Any thoughts ?

Thanks,
aom
What would be the point of this? To justify selecting funds where managers actually choose the stocks held?
by Dantes
Fri Apr 20, 2018 5:05 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 32980

Re: KF's simple rules to achieve FI

1) The goal is Financial Independence. It is not retirement. Hence, a person may choose to work, not work, or spend more money, or do something in between. It's hard for me to see the difference between being able to choose not to work and retirement - financially speaking. I could have chosen not ...
by Dantes
Fri Apr 20, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 9781

Re: NYT article: Everyone should hire a financial planner

Why do you need state of the art? There is real value in letting go of that requirement since investing results don't yield to the pursuit of expertise. It's fine if it's your hobby, or you have a complicated business or estate but the discussion is whether everyone should hire a financial planner....
by Dantes
Thu Apr 19, 2018 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Voya sold my annuity to a LLC. Keep it or cash in?
Replies: 2
Views: 620

Re: Voya sold my annuity to a LLC. Keep it or cash in?

This seems relevant: https://www.sec.gov/Archives/edgar/data/1535929/000119312517375461/d498024d8k.htm Item 1.01 Entry Into a Material Definitive Agreement On December 20, 2017, Voya Financial, Inc. a Delaware corporation (the “Company”), entered into a Master Transaction Agreement (the “Agreement”)...
by Dantes
Thu Apr 19, 2018 1:49 pm
Forum: Personal Consumer Issues
Topic: [When is going out to a restaurant worth it to you?]
Replies: 71
Views: 5751

Re: [When is going out to a restaurant worth it to you?]

I love to cook, and my wife cooks as well. But, we also enjoy eating out. Usually Friday and Saturday, we're at home, and we'll put together some nice meals, grill out, drink wine, etc. A lot of times on Sunday, we'll go into the city to do some walking, errands, shopping, etc., then find a place f...
by Dantes
Thu Apr 19, 2018 6:52 am
Forum: Investing - Theory, News & General
Topic: Goof? Prime MM, "retail," "Admiral," $5 million minimum?
Replies: 20
Views: 2924

Re: Goof? Prime MM, "retail," "Admiral," $5 million minimum?

That certainly looks like an institutional requirement. I think there has been some change etween Admiral and Institutional. A search for 'Vanguard Fund 0066" on one of the lesser users search engines (which I believe to be less frequent in its updates) returns: "Vanguard - Vanguard Prime Money Mark...
by Dantes
Fri Apr 13, 2018 7:29 am
Forum: Personal Consumer Issues
Topic: Cedar Fence: is Maintenance required?
Replies: 30
Views: 2290

Re: Cedar Fence: is Maintenance required?

Climate likely matters. My cedar fence was not maintained, never stained or painted. It slowly collapsed as wood rotted until it was dangerous to leave it standing. Replaced with pine. One of the most curious things about this forum is that people are meticulous about demanding financial circumstan...
by Dantes
Tue Apr 03, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: How did you file your income taxes?
Replies: 77
Views: 5069

Re: How did you file your income taxes?

KPMG did my return, all 148 pages. I have no idea what is in all that nonsense. I cross-check a few key lines vs previous years and sign it. Is this thread actionable? Certainly its actionable. I'm interested in how others do taxes - maybe there will be a way that seems better to me. Fillable forms...
by Dantes
Tue Apr 03, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: How did you file your income taxes?
Replies: 77
Views: 5069

Re: How did you file your income taxes?

Taxact for federal taxes. By hand for state taxes because (1) Mass dropped perfectly good custom on-line tax software, and pretends that using the various commercial applications is an improvement, (2) I don't want to pay $37 or whatever dollars it was to file a state tax because we file in two stat...
by Dantes
Sun Apr 01, 2018 6:37 am
Forum: Personal Finance (Not Investing)
Topic: [Estate tax] on savings accounts?
Replies: 19
Views: 1063

Re: death tax on savings accounts?

Dying is free. Its what comes afterwards that might cost money. Taxes are based on the total value of the estate. Federal inheritance tax currently starts when the estate is valued well into the millions. State taxes vary.
by Dantes
Sat Mar 31, 2018 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Medicare - now or later?
Replies: 20
Views: 1848

Re: Applying for Medicare - now or later?

I just signed up for Part B about 20 months after turning 65; I was covered by my employer's heath plan and did not need it at 65. When I was ready to retire I got a letter from HR stating that I had been insured through employment throughout the period fro 65 to date of retirement. I went to the lo...
by Dantes
Sat Mar 31, 2018 5:54 am
Forum: Personal Consumer Issues
Topic: $20,000 book - what to do with it
Replies: 34
Views: 5943

Re: $20,000 book - what to do with it

I think copyright on this book has lapsed, and if it has, I would be happy to pay to digitize it and put it on the internet for everyone to read and keep the original copy for myself, assuming I can find a way to store it. You said elsewhere that Harvard has one of the other copies. Much of Harvard...
by Dantes
Fri Mar 30, 2018 5:46 am
Forum: Personal Finance (Not Investing)
Topic: Resign from job or possible termination
Replies: 76
Views: 9655

Re: Resign from job or possible termination

You are the best judge of your health, and the impact of your current situation. How long do you think things will drag on before your position is terminated? Is your organization large enough to be subject to COBRA (I think its 20 employees or more)? If so that would provide access to health insura...
by Dantes
Wed Mar 21, 2018 6:07 am
Forum: Investing - Theory, News & General
Topic: Partial Roth Conversion & i-ORP data
Replies: 17
Views: 1020

Re: Partial Roth Conversion & i-ORP data

My working assumption is that
Possible health concerns of a spouse if faced with a serious disease
is a reason to NOT do Roth conversions for ALL one's tax-deferred funds. If one has large medical expenses I believe they will be deductible.
by Dantes
Wed Mar 21, 2018 5:52 am
Forum: Personal Consumer Issues
Topic: What have you baked recently?
Replies: 136
Views: 12273

Re: What have you baked recently?

DW has been baking the no-knead 12-to-18-hour rise bread every week (or more often) for a couple of years now, and it is wonderful. I would not eat any standard commercial packaged bread now. Her recipe comes from the Jim Lahey My Bread cookbook. I'm a big fan of oatmeal bread, and have been looking...
by Dantes
Sat Mar 17, 2018 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Spoke to a financial advisor yesterday - what do you think he's up to?
Replies: 81
Views: 8741

Re: Spoke to a financial advisor yesterday - what do you think he's up to?

This is your wife's boss that's offering to manage your money? What if you are unhappy with his performance - would you feel comfortable removing your assets? I wouldn't do it for that reason alone. Agree with this 100%. Even if your wife's boss was offering his services gratis, it still wouldn't b...
by Dantes
Wed Mar 07, 2018 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Ok fellow bogleheads, was the correction scary or nothing?
Replies: 147
Views: 11196

Re: Ok fellow bogleheads, was the correction scary or nothing?

The thread title uses the past tense. Like whatever it was is over.
by Dantes
Mon Mar 05, 2018 7:22 am
Forum: Investing - Help with Personal Investments
Topic: How much tax do I pay on money from 401k?
Replies: 12
Views: 1779

Re: How much tax do I pay on money from 401k?

You could transfer your 401K to an annuity fund - and don't get tax on annuity payment however, the current annuity is low - below US Treasuries rate I don't believe this is correct. If you use money from a tax-deferred account to buy an annuity why would't annuity payments be taxed? Even the retur...
by Dantes
Tue Feb 27, 2018 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Physical cash
Replies: 121
Views: 8499

Re: Physical cash

We start each week with $400. That's groceries, a dinner out, $40 for the car, and walking around money. We are not particularly frugal. Cash is so much simpler for purchases, the (no longer) new chip cards are painfully slow.
by Dantes
Mon Feb 26, 2018 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Help with GIANT interest car loan (28%)
Replies: 44
Views: 5592

Re: Help with GIANT interest car loan (28%)

I'm surprised 28% is legal; usury limits are lower than that at the federal level, and for most states as well.
by Dantes
Thu Feb 22, 2018 8:38 pm
Forum: Investing - Theory, News & General
Topic: Terminology question: what does "losing money" mean?
Replies: 71
Views: 3320

Re: Terminology question: what does "losing money" mean?

I would have said 1) all three funds lost money.

You asked (I think) how people would use language to describe what happened. So there are no right or wrong answers, its individual behaviors. For me the relationship between returns and inflation is baked in to the way I think about such things.
by Dantes
Fri Feb 16, 2018 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 156
Views: 12386

Re: I'm Cancelling My Home Insurance

I don't get the point of this. If you can easily afford the replacement cost of the house then the cost of insurance is chump change.
by Dantes
Sun Jan 21, 2018 7:33 am
Forum: Personal Consumer Issues
Topic: Rent (free at library) or buy books?
Replies: 50
Views: 3335

Re: Rent (free at library) or buy books?

I buy physical books. The only time I read ebooks is when I'm traveling; and then its usually books out of copyright and available for free. I'm fortunate to spend time in a location with excellent new and used bookstores. Buying and reading books is my main luxury. I read relatively few new books, ...
by Dantes
Sat Jan 20, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Deciding acct to pull money for a new car?
Replies: 10
Views: 750

Re: Deciding acct to pull money for a new car?

It also depends on what your tax rate would be on withdrawals from tax deferred; if you would owe capital gains then its possible you are in the new 12% bracket. That would certainly be attractive. You don't say if you are receiving Social Security and if there would be tax impact there as well.