Search found 396 matches

by stlrick
Fri Aug 31, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from RMD - 1099R [Qualified Charitable Distributions]
Replies: 44
Views: 1729

Re: QCDs from RMD - 1099R [Qualified Charitable Distributions]

The QCD rules require a letter of acknowledgement from the charity. So, anonymous would not work. That is a bummer. I'll have to re-think our game plan then. Probably skip the QCDs for most things. If you skip QCDs, you are giving up a very good tax break. A QCD reduces your taxable income even if ...
by stlrick
Fri Aug 31, 2018 11:43 am
Forum: Personal Finance (Not Investing)
Topic: high RMD withdraw from 401k question
Replies: 31
Views: 3291

Re: high RMD withdraw from 401k question

Great info so far, any links to educate a newbie would be appreciated Here is the wiki with the RMD tables. https://www.bogleheads.org/wiki/IRA_distribution_tables Table III Uniform Lifetime is the table most people would use. It shows that someone that is 70 would start out with a 3.65% withdrawal...
by stlrick
Sat Aug 25, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Question for Social Security experts
Replies: 13
Views: 1695

Re: Question for Social Security experts

In the system you are referring to, you would "file and suspend" at your full retirement age, which is 66. Your wife would then be the one to file a "restricted application" for spousal benefits. Each step requires the previous one - you turn 66, you file and suspend, she submits a restricted applic...
by stlrick
Sat Aug 25, 2018 8:49 am
Forum: Personal Consumer Issues
Topic: When do you replace a working desktop computer?
Replies: 27
Views: 2028

When do you replace a working desktop computer?

My wife and I each have desktop iMac's at home, which we use as our primary computers. Our current machines were bought in February 2013. I had a hard drive replaced a couple of years ago, hers has had no problems. At work, my desktop iMac is replaced automatically on a five-year schedule. My new of...
by stlrick
Sun Aug 12, 2018 12:34 pm
Forum: Personal Consumer Issues
Topic: LTCi Underwriting Home Interview
Replies: 5
Views: 639

Re: LTCi Underwriting Home Interview

My wife and I each had phone interviews and they were entirely about memory - repeating numbers, lists of words, etc. Maybe you will have a physical exam or questionnaire of some sort, but it almost certainly is about cognitive decline. When we had ours by phone, I thought it was surprising how easy...
by stlrick
Fri Aug 03, 2018 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security--Reaching Age 70 with a Restricted Application
Replies: 7
Views: 829

Re: Social Security--Reaching Age 70 with a Restricted Application

No, she needs to file for benefits on her record. They start automatically at age 70 for someone who has filed on their own record and then suspended benefits. It's quite easy. She files online as a new social security recipient, up to 3 months before her 70th birthday There will be a place on the a...
by stlrick
Fri Aug 03, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5691

Re: Comfort level with Credit Card Balance

Some of the differences in approach may reflect the time of the month that people pay bills. If you pay everything at the end of the month (or beginning of the month), then I can see a habit of monthly budgeting by paying the full credit card balance rather than the statement balance. Given how mean...
by stlrick
Fri Aug 03, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5691

Re: Comfort level with Credit Card Balance

There is a little confusion here because some of us don't know what you mean by "carry-over balance." Once each month, the credit card statement closes, and you have a statement balance, usually due within 2-3 weeks. If you pay that balance in full, anytime before it is due, you pay no interest. I a...
by stlrick
Thu Jul 26, 2018 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA GSRA rolling out Roth funds
Replies: 3
Views: 346

Re: TIAA GSRA rolling out Roth funds

You definitely can rollover the Roth money to a Roth IRA without touching the rest of the accumulation. I've done it. You do not have to leave the employer to do it, and in fact, unless you are very happy with the TIAA investment options, you can do it now. That has the advantage of working with TIA...
by stlrick
Fri Jul 20, 2018 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Is my umbrella policy over priced?
Replies: 20
Views: 1707

Re: Is my umbrella policy over priced?

While many have noted that locations, number of cars, age of drivers, writing the underlying policies etc. can impact rates, there is a huge additional reason for the price variation. Umbrella or Excess Liability policies are NOT uniform between issuing companies. It is a challenging exercise to co...
by stlrick
Wed Jul 11, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Does social security withholding "rollover"?
Replies: 0
Views: 272

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: 2836

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: 47
Views: 4231

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: 47
Views: 4231

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: 1829

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: 1829

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: 1829

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: 1829

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: 2528

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: 2877

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: 3293

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: 3293

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: 714

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: 1205

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: 1205

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: 1205

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: 1656

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: 2417

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: 9208

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: 260
Views: 24992

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: 2555

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: 1194

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: 5017

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: 3551

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: 8376

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: 20787

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: 24962

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: 1341

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: 1731

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: 272
Views: 52599

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: 5269

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: 1773

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: 1773

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: 2884

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: 2589

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: 11410

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: 1484

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: 1484

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: 1484

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: 9056

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...