Search found 386 matches

by stlrick
Wed Jul 11, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Does social security withholding "rollover"?
Replies: 0
Views: 227

Does social security withholding "rollover"?

I am currently receiving a spousal benefit from social security on a restricted application. I've filed online to switch to the benefit on my own record at age 70. The first check should be in September. I currently have 22% withheld. Does anyone know if that 22% will continue automatically when the...
by stlrick
Mon Jul 09, 2018 7:39 am
Forum: Investing - Help with Personal Investments
Topic: Income stream at 70
Replies: 29
Views: 2556

Re: Income stream at 70

I guess that I read the question differently; the OP stated that they wanted an income stream (I didn’t see anything about charitable contributions) from immediateannuities: $250k SPIA: $1610/ month for single life (M 70) {payout of 6.44%} $1267/ month for joint life (M 70/ F 68) {payout of 5.07%} ...
by stlrick
Fri Jul 06, 2018 2:32 pm
Forum: Personal Consumer Issues
Topic: Tire experts? Can I trust a patched tire?
Replies: 42
Views: 2890

Re: Tire experts? Can I trust a patched tire?

The original post concerns issues other than the factual safety of a patched tire - "can I trust a patched tire," "should I be concerned ." Something to think about is the general philosophy of minimizing regret. A financial discussion about this is on Dick Cotton's blog: http://www.theretirementca...
by stlrick
Fri Jul 06, 2018 12:49 pm
Forum: Personal Consumer Issues
Topic: Tire experts? Can I trust a patched tire?
Replies: 42
Views: 2890

Re: Tire experts? Can I trust a patched tire?

The original post concerns issues other than the factual safety of a patched tire - "can I trust a patched tire," "should I be concerned ." Something to think about is the general philosophy of minimizing regret. A financial discussion about this is on Dick Cotton's blog: http://www.theretirementcaf...
by stlrick
Wed Jul 04, 2018 3:43 pm
Forum: Investing - Theory, News & General
Topic: Statistically significant alpha?
Replies: 26
Views: 1693

Re: Statistically significant alpha?

Oh please. You think this is "my" opinion? You seem interested in the topic. Here are some thoughts from statisticians who know more than you or me. I'd be happy to continue the conversation after you have educated yourself. I'll reply to substantive issues, but am finished engaging with your ad ho...
by stlrick
Wed Jul 04, 2018 9:22 am
Forum: Investing - Theory, News & General
Topic: Statistically significant alpha?
Replies: 26
Views: 1693

Re: Statistically significant alpha?

They might reply that you are "laughably hyperbolic." If I led with a statement along the lines of "no one you know is smarter than me" they'd be correct. Oh please. You think this is "my" opinion? You seem interested in the topic. Here are some thoughts from statisticians who know more than you or...
by stlrick
Wed Jul 04, 2018 8:29 am
Forum: Investing - Theory, News & General
Topic: Statistically significant alpha?
Replies: 26
Views: 1693

Re: Statistically significant alpha?

Everything you learned in Stats 101 about statistical significance was a lie. Everything? Literally everything? Seriously? Everything ? It does not tell you what you think it tells you and what it does tell you is of next to no use. This is laughably hyperbolic. If someone was talking to you about ...
by stlrick
Tue Jul 03, 2018 8:17 pm
Forum: Investing - Theory, News & General
Topic: Statistically significant alpha?
Replies: 26
Views: 1693

Re: Statistically significant alpha?

Everything you learned in Stats 101 about statistical significance was a lie. It is a deeply flawed and misleading criterion and is almost always misinterpreted. It does not tell you what you think it tells you and what it does tell you is of next to no use. Use Google Scholar and take a look at "nu...
by stlrick
Thu Jun 14, 2018 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Special Needs Trust
Replies: 31
Views: 2210

Re: Special Needs Trust

You cannot do this without good professional advice. Your decision about staying in the military might depend on the health care available to your daughter if you leave the military. The nature of state and federal programs and their guidelines, definitions of disability, ages at which programs term...
by stlrick
Sun Jun 10, 2018 11:12 am
Forum: Personal Consumer Issues
Topic: Foreign language immersion daycare
Replies: 50
Views: 2708

Re: Foreign language immersion daycare

Children have differences in natural aptitudes. Some are inherently verbal, some mathematical, some musical. You are making a decision for your child without knowing them. It is common for children who are not unusually adept at languages but are exposed to two from birth to be behind in reading Eng...
by stlrick
Fri Jun 08, 2018 3:25 pm
Forum: Personal Consumer Issues
Topic: Porsche Macan
Replies: 28
Views: 3140

Re: Porsche Macan

A friend of mine just bought a Macan. He custom ordered it. He started by sending an email to all dealerships in the area stating his intentions and listing the exact build options he wanted, then asked each dealership to quote him. In the end, one dealership beat out all the others in terms of pri...
by stlrick
Fri Jun 08, 2018 10:53 am
Forum: Personal Consumer Issues
Topic: Porsche Macan
Replies: 28
Views: 3140

Porsche Macan

I'm going to buy a Porche Macan S, probably when the 2019 models are available. I can afford it and I will enjoy it, so those are not the questions. For the past 20 years or so, my wife and I have owned Subaru's, Acura's, and Audi's. My unverified impression is that the style of negotiating in a Por...
by stlrick
Sun Jun 03, 2018 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Millennial being offered participation in a pension plan
Replies: 4
Views: 693

Re: Millennial being offered participation in a pension plan

I think you may be misunderstanding the ORP option. It looks to me like a standard defined contribution 403(b) offered by many universities. You get an 8% match and after 7 years a 10% match. You have access to TIAA funds with ER's such as 0.16 for an International Equity Index, 0.21 for Emerging Ma...
by stlrick
Sun Jun 03, 2018 10:08 am
Forum: Investing - Help with Personal Investments
Topic: TIAA commingles Roth and non-Roth retirement funds?
Replies: 14
Views: 1118

Re: TIAA commingles Roth and non-Roth retirement funds?

I have a similar issue with my 457 managed by TRowe Price. My contributions are split between Roth and non-Roth but you can't elect different investments for the two types of accounts (and same choices for both). And, everything is presented on the website as a single account. When I called Trowe t...
by stlrick
Sat Jun 02, 2018 11:30 am
Forum: Investing - Help with Personal Investments
Topic: TIAA commingles Roth and non-Roth retirement funds?
Replies: 14
Views: 1118

Re: TIAA commingles Roth and non-Roth retirement funds?

It is just different from what you are used to. Your quarterly statement will show pre-tax and after-tax Roth contributions and total values for each separately. (At least my quarterly statements do so.) TIAA can account for these separately within a single contract (and of course they have to do s...
by stlrick
Sat Jun 02, 2018 11:15 am
Forum: Investing - Help with Personal Investments
Topic: TIAA commingles Roth and non-Roth retirement funds?
Replies: 14
Views: 1118

Re: TIAA commingles Roth and non-Roth retirement funds?

I dealt with this a couple of years ago. When I switched to Roth contributions in my 403(b), I was able to direct my contributions to Vanguard while the employer's contributions went to TIAA. I was therefore able to invest them differently. When my employer switched to TIAA as the single record hold...
by stlrick
Wed May 16, 2018 7:27 am
Forum: Personal Consumer Issues
Topic: ?$ Bid for Upgrade to Business Class (per flight hour)
Replies: 17
Views: 1570

Re: ?$ Bid for Upgrade to Business Class (per flight hour)

First consideration is the quality of the economy class. Singapore Airlines and Spirit are different experiences. Six hours is a long flight. I would unquestionably go for the business upgrade if economy seating was three across and one of you would have a middle seat. Aren't you already paying more...
by stlrick
Wed May 09, 2018 11:07 am
Forum: Personal Consumer Issues
Topic: Custom suit needed for a wedding. Help me shop around!!
Replies: 30
Views: 2274

Re: Custom suit needed for a wedding. Help me shop around!!

There are a two basic categories of "custom made" suits, which are the alternative to "ready-to-wear" or "off-the-rack" suits. You need to know which one you want. Custom made can be "made-to-measure" or "bespoke." A made-to-measure suit involves having several measurements taken on your body. These...
by stlrick
Sun May 06, 2018 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: What career for smartest kid in the class?
Replies: 132
Views: 8610

Re: What career for smartest kid in the class?

Easy question. The happiest, most unstressed, successful people I know are orthodontists.
by stlrick
Sat May 05, 2018 12:43 pm
Forum: Personal Consumer Issues
Topic: most compelling TV character ever
Replies: 175
Views: 16814

Re: most compelling TV character ever

Jeremy Brett as Sherlock Holmes
by stlrick
Mon Apr 23, 2018 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: 403b
Replies: 32
Views: 2420

Re: 403b

Just a couple of comments without attempting to analyze your current retirement accounts versus a switch to Vanguard: 1. I'm not familiar with other people's idea of a "3 fund portfolio." I would say that that should consist of (1) a money market fund or short term bond fund in a non-retirement acc...
by stlrick
Sun Apr 22, 2018 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Best Alternative to a Pension (DB )
Replies: 12
Views: 1158

Re: Best Alternative to a Pension (DB )

See M. A. Milevsky and A. C. Macqueen, "Pensionize Your Nest Egg" 2nd edition. Wiley, 2015. An SPIA (single premium immediate annuity) is a good answer under many circumstances. They can be laddered, and as ResearchMed notes, spread over several insurers. The fear of insurance company failure and ex...
by stlrick
Mon Mar 26, 2018 10:23 am
Forum: Personal Consumer Issues
Topic: Computer Security
Replies: 62
Views: 4774

Re: Computer Security

After spending a lot of time looking into this, I bought a Chromebook as a secondary machine and use it exclusively for on-line financial management. No email, no games, no searching, no blogs, no nothing. When I open the Chrome browser, the 10 or so links at which I conduct financial transactions a...
by stlrick
Mon Mar 26, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Kiplingers Retirement Report
Replies: 17
Views: 3465

Re: Kiplingers Retirement Report

I view these publications a little differently: any actionable insight into any aspect of retirement strategy, management, rules, etc. is going to be worth thousands of dollars, at least. If I get one insight every two or three years from a publication costing $30 a year, it is a bargain.
by stlrick
Thu Feb 15, 2018 8:07 pm
Forum: Personal Consumer Issues
Topic: Should I be paying $1300/yr. for under/uninsured motorist protection?
Replies: 99
Views: 7785

Re: Should I be paying $1300/yr. for under/uninsured motorist protection?

I have this coverage in my umbrella policy, which is coordinated with my auto and homeowners. The umbrella is for 3 million. It costs me about $1000 per year - $500 for the standard umbrella and $500 for the endorsement covering uninsured motorists. The agent tells me that they stopped offering the ...
by stlrick
Sat Feb 03, 2018 4:27 pm
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 280
Views: 19527

Re: For BHs who actually like cars - what is your daily driver?

Audi S3

Can't get a two-seater - need a back seat and 4 doors for the grandchildren.
by stlrick
Wed Jan 24, 2018 2:20 pm
Forum: Investing - Theory, News & General
Topic: In what ways could BogleHeads be badly wrong ?
Replies: 244
Views: 24296

Re: In what ways could BogleHeads be badly wrong ?

I've never been able to reconcile:

1. Stay the course, nobody knows nothing, you can't time the market

and

2. Valuations matter
by stlrick
Wed Jan 24, 2018 9:25 am
Forum: Personal Consumer Issues
Topic: Solar window film
Replies: 18
Views: 1278

Re: Solar window film

Our condo has very large windows and both eastern and southern exposures. About 12 years ago, we put in Huper Optik ceramic film on all windows. Professionally installed. The only other high end film at that time was from 3M. I don't remember why we chose Huper Optik. We were more concerned about UV...
by stlrick
Tue Jan 23, 2018 8:03 am
Forum: Personal Consumer Issues
Topic: Elder Care Issue; Non-emergency assistance
Replies: 28
Views: 1670

Re: Elder Care Issue; Non-emergency assistance

My mother dealt with this several times for my father in Boca Raton, FL. Down there, if you call 911 and explain that an elderly person fell and needs help getting up, they will ask if the person is hurt. The answer is important. If you say yes, you get multiple vehicles and sirens. If no, you get s...
by stlrick
Fri Jan 19, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 246
Views: 42526

Re: How to Minimize Your Emergency Care Expenses

Thanks very much for this important and useful post. I have a question about ambulance service. If I call 911 from my home, the responder will be the EMS service of my local fire department, not a private ambulance service. Will the fire department charges for transport to a local hospital be simila...
by stlrick
Mon Jan 15, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: A half year at full pay or a full year at half pay?
Replies: 49
Views: 5125

Re: A half year at full pay or a full year at half pay?

You are at a small rural university and I've spent my career at a research university, so there will be some differences in expectations, but I've taken myself or seen dozens of these sabbaticals by colleagues. I've never heard of anyone taking a full year with a family without first establishing th...
by stlrick
Wed Dec 27, 2017 9:12 am
Forum: Investing - Theory, News & General
Topic: Annuities: Investment Return v. Mortality Credits
Replies: 16
Views: 1718

Re: Annuities: Investment Return v. Mortality Credits

I’m not sure that the calculation you want to do is possible. It may be like asking why the cake tastes good - is it the sugar or the flour? When you start the annuity, five factors are involved: the amount invested, the interest rate that the company will use, your age and the mortality table used,...
by stlrick
Wed Dec 27, 2017 8:02 am
Forum: Investing - Theory, News & General
Topic: Annuities: Investment Return v. Mortality Credits
Replies: 16
Views: 1718

Re: Annuities: Investment Return v. Mortality Credits

If at age 65 you start an SPIA with a 25 year guaranteed payout, you are asking the insurance company to guarantee payments beyond your expected life span. That will have a large impact on the mortality credits figured into your payout rate. Another example - a 10 year guarantee when starting at age...
by stlrick
Mon Dec 18, 2017 9:23 am
Forum: Personal Consumer Issues
Topic: Buying a new sofa with two young kids?
Replies: 36
Views: 2767

Re: Buying a new sofa with two young kids?

Depending on how you and your wife feel about these sorts of things, you may want to look into issues with the flame retardant chemicals used on upholstered furniture. This is not false-fact fear-mongering. Here's a reference to just one recent article in the medical literature: http://journals.lww....
by stlrick
Sun Dec 17, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal SS benefits
Replies: 32
Views: 2503

Re: Spousal SS benefits

What you propose to do actually is not complicated. What is complicated is wading through the rules to understand that it is not complicated. You want to file a restricted application for spousal benefits. To do that (1) you must be FRA, and (2) your spouse must be receiving benefits on her record. ...
by stlrick
Mon Dec 04, 2017 12:40 pm
Forum: Investing - Theory, News & General
Topic: Which crash have you seen it before it is coming?
Replies: 134
Views: 11137

Re: Which crash have you seen it before it is coming?

Which crash have I seen before it is coming?

The next one, and I've been seeing it for 5 years.
by stlrick
Sun Dec 03, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: retirement age and life span
Replies: 16
Views: 1430

Re: retiirement age and life span

From the social security administration: https://www.ssa.gov/policy/docs/workingpapers/wp93.html In this paper I use the 1973 cross-sectional Current Population Survey (CPS) matched to longitudinal Social Security administrative data (through 1998) to examine the relationship between retirement age ...
by stlrick
Sun Dec 03, 2017 11:44 am
Forum: Personal Finance (Not Investing)
Topic: retirement age and life span
Replies: 16
Views: 1430

Re: retiirement age and life span

To be fair, that table referred to retirees from a single company rather than to the general public. The caveats about differences in populations were also in the article. There is nothing to be "fair" about. There is a vast literature on age at death and risks, longevity, retirement, etc. This is ...
by stlrick
Sun Dec 03, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: retirement age and life span
Replies: 16
Views: 1430

Re: retiirement age and life span

The table is obviously utter nonsense. The data would make "age at retirement" a more important cause of age at death than smoking, diet, exercise, and family history combined. I'm 69 and not retired yet. I guess I should have been dead 2 years ago. What garbage.
by stlrick
Wed Nov 29, 2017 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity vs TIAA-CREF for new retirement account
Replies: 23
Views: 7892

Re: Fidelity vs TIAA-CREF for new retirement account

...When I retired we went in to our local TIAA rep for a review of our accounts. I asked about the steps required to transfer my account to Vanguard and learned for the first time that my wife and I could not transfer our traditional/annuity balances on short notice... I agree the ten year roll out...
by stlrick
Wed Nov 29, 2017 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity vs TIAA-CREF for new retirement account
Replies: 23
Views: 7892

Re: Fidelity vs TIAA-CREF for new retirement account

I would go with Fidelity and I would go straight to the Vanguard 500 Index and Total Bond Market funds. My wife and have worked our whole careers for not for profit organizations that offer similar retirement options. I would advise you to NEVER get involved with TIAA's guaranteed interest traditio...
by stlrick
Wed Nov 29, 2017 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity vs TIAA-CREF for new retirement account
Replies: 23
Views: 7892

Re: Fidelity vs TIAA-CREF for new retirement account

hmm Based on what I have heard thus far, it makes some sense to have the TIAA stuff. I spoke with my retirement folks, and after getting some clarification on their end, it sounds like I can max out my 457, and will only have access to the mandatory 403b, which will not conform to the typical 403b ...
by stlrick
Tue Nov 28, 2017 7:25 pm
Forum: Personal Consumer Issues
Topic: Dentist refusing to refer to specialist?
Replies: 19
Views: 3056

Re: Dentist refusing to refer to specialist?

Are you in a city with a dental school or near a hospital that has a General Practice Residency in dentistry? In both of these locations, anesthesia management is routine. At the dental school, you do not want student care, but there is often a faculty practice or a graduate specialty program in Ped...
by stlrick
Tue Nov 28, 2017 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 10311

Re: Can I afford a $1,400,000 house

No, you cannot afford it now . You are projecting that you will be able to afford it. That does not only refer to your wife's change in salary. It involves your debt and your savings relative to the cost of the house. Which cliches should we invoke here? The future is promised to no one. Bad things ...
by stlrick
Mon Nov 27, 2017 8:02 am
Forum: Personal Consumer Issues
Topic: Safest roomy luxury suv?
Replies: 58
Views: 6168

Re: Safest roomy luxury suv?

Don't overlook any differences in other safety features. My wife has a 2014 Acura RDX, which did not come with blind spot warning lights. I have a newer car that has them. They are a great feature. As we have gotten used to them in my car, we've become more and more irritated by not having them in h...
by stlrick
Sun Nov 26, 2017 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: How much to REALLY save for college (529s)
Replies: 13
Views: 1487

Re: How much to REALLY save for college (529s)

In today's dollars, the Ivy League and peer institutions, from MIT to Duke, Williams, etc., tuition without financial aid is roughly $50,000 per year. Meal plan, dorm, books, computer, travel to and from home, easily another $15,000, which comes to $260,000 over four years, not including a semester ...
by stlrick
Sun Nov 26, 2017 10:53 am
Forum: Investing - Theory, News & General
Topic: Dropping Term Life Insurance When Hitting Your Number
Replies: 30
Views: 4039

Re: Dropping Term Life Insurance When Hitting Your Number

I don't think "hitting your number" is the relevant question regarding the need for term life insurance. "Hitting your number" generally refers to financial independence in retirement. When retired, you will no longer have children who have yet to finish their education. Term life insurance is about...
by stlrick
Sun Nov 26, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: My Social Security Site not showing my future benefits
Replies: 11
Views: 1183

Re: My Social Security Site not showing my future benefits

I have been going to the My Social Security site for quite some time, to view my earning history and what my future benefits will. I am 66, I started drawing 1/2 of my wife's Soc Sec 10 months ago and am deferring my full benefits until age 70. For some reason this site no longer shows what my bene...
by stlrick
Sat Nov 25, 2017 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 21181

Re: The fallacy of spending money on "experiences" vs hard assets

If I were buying things that interfered with having the experiences that I wanted, that would be a problem. If I bought experiences that interfered with the things that I wanted, that would be a problem. My practice is to understand all the conflicting priorities (including saving for the future, wh...
by stlrick
Wed Nov 22, 2017 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care policy advice
Replies: 9
Views: 908

Re: Long term care policy advice

Can't tell you what to do, but here are a few observations: 1. You bought the policies at a much younger age than I have generally understood to be the recommended strategy, which is to buy in your late 50's, early 60's, when you are likely to still be healthy enough to be insured, but with a better...