Search found 809 matches

by DickBenson
Mon Jun 11, 2012 4:17 pm
Forum: Personal Investments
Topic: 30 year TIPS Upcoming Auction - 6-21-2012
Replies: 52
Views: 5743

Re: 30 year TIPS Upcoming Auction - 6-21-2012

Would purchase allowed allocation of I bonds, before going into TIPS.

Dick
by DickBenson
Mon May 28, 2012 5:14 pm
Forum: Personal Investments
Topic: Should I Do Some Roth Conversions?
Replies: 27
Views: 5253

Re: Should I Do Some Roth Conversions?

I'll add just one more thing to consider. It is a long-shot, and could have sensitive family implications, but I think it would have a significant impact on your situation. If your benefactor would change their traditional IRA to a Roth, it would prevent the inheritance from having a negative impact...
by DickBenson
Thu May 24, 2012 2:14 am
Forum: Personal Investments
Topic: Should I Do Some Roth Conversions?
Replies: 27
Views: 5253

Re: Should I Do Some Roth Conversions?

Some things to consider. 1. A surviving spouse will have the changes in tax bracket come twice as fast as you are experiencing now,.... filing jointly. You might run some models for this contingency. 2. Tax regulations are subject to change. Suspect that rates are probably going to increase in the f...
by DickBenson
Mon May 21, 2012 2:52 pm
Forum: Personal Investments
Topic: Need Help With Mother's Estate
Replies: 18
Views: 1574

Re: Need Help With Mother's Estate

ASMD wrote: Local bank savings $265,000.00
Local bank savings $4,000.00 (yes two local savings accounts)
Another minor quick observation. I believe there is some limit on the amount that is insured on bank savings accounts ($100,000 ?). If so, then you might want to redistribute that $265,000.

Dick
by DickBenson
Sun May 20, 2012 7:45 pm
Forum: Personal Investments
Topic: Need Help With Mother's Estate
Replies: 18
Views: 1574

Re: Need Help With Mother's Estate

Welcome to the Forum. Have a couple of quick suggestions that you might consider. She has a lot of investments that are receiving little or no income, so you will be receiving a lot of suggestions which will try to remedy that, hopefully with only a small increase in risk. One possibility, which wou...
by DickBenson
Fri May 18, 2012 9:54 pm
Forum: Investing - Theory, News & General
Topic: Help! The Market is forcing me to sell my long term TIPs
Replies: 78
Views: 8351

Re: Help! The Market is forcing me to sell my long term TIPs

But the point is that we do not normally feel forced to sell something merely because it has appreciated in price. If our plans did not call for selling it because it went up in price, if the reason we bought it was not that we expected it go to up in price, then a sane person might say "it's doing...
by DickBenson
Mon May 14, 2012 2:33 am
Forum: Investing - Theory, News & General
Topic: Is it worth TLH in the 15% tax bracket?
Replies: 18
Views: 1703

Re: Is it worth TLH in the 15% tax bracket?

Since your stocks have a 40% loss, they would have to have a 67% gain to return to their base value. Unfortunately, I think your unrealized losses are fairly safe for some time to come. Even if $1,000 of your losses disappeared is say 3 years, and you still are in the 15% tax bracket, your loss only...
by DickBenson
Sun May 13, 2012 5:12 pm
Forum: Investing - Theory, News & General
Topic: Is it worth TLH in the 15% tax bracket?
Replies: 18
Views: 1703

Re: Is it worth TLH in the 15% tax bracket?

If you are in the 15% tax bracket, and you have some unrealized capital gains, then you should realize those gains and take advantage of the fact that those gains will not be taxed this year. If you realize any tax losses now, they would simply offset capital gains that would not be taxed anyway, or...
by DickBenson
Thu May 03, 2012 3:44 pm
Forum: Personal Investments
Topic: AA help- TIAA CREF mess!
Replies: 75
Views: 4760

Re: AA help- TIAA CREF mess!

As you can see, it's these stringent withdrawal rules that make me uneasy. When I turn 60, it would make me feel better if I could spend my money as I see fit. If I want to blow through all my retirement accounts in 2 years, then so be it, it would be nice to have that option. When I read this two ...
by DickBenson
Thu May 03, 2012 3:09 pm
Forum: Personal Investments
Topic: AA help- TIAA CREF mess!
Replies: 75
Views: 4760

Re: AA help- TIAA CREF mess!

We are planning on using her account solely for fixed income assets (bonds). The TIAA Traditional Annuity is offered but after reading about it, I still don't understand what it is, and I don't feel comfortable investing in something I don't understand. Basically TIAA Trad Annuity is similar to a s...
by DickBenson
Wed May 02, 2012 8:44 pm
Forum: Investing - Theory, News & General
Topic: TIAA-CREF IRA Interest Rates
Replies: 17
Views: 2236

Re: TIAA-CREF IRA Interest Rates

Even at annuitization, there is no way that some sort of "premium diffusion" resulting from the succession of prior shifts in vintage boundaries can cause a portion of income benefit associated to an accumulated premium from a particular date to be calculated actuarially using a "rate forward" from...
by DickBenson
Wed May 02, 2012 8:32 pm
Forum: Investing - Theory, News & General
Topic: TIAA-CREF IRA Interest Rates
Replies: 17
Views: 2236

Re: TIAA-CREF IRA Interest Rates

If you want to get down to the contract level, each payment buys you a certain amount of income for life starting at age 65. "Additional amounts" are just additional amounts of paid up income starting at 65, not unlike additional paid up insurance on a life insurance policy. In the old days, you co...
by DickBenson
Wed May 02, 2012 2:35 am
Forum: Investing - Theory, News & General
Topic: TIAA-CREF IRA Interest Rates
Replies: 17
Views: 2236

Re: TIAA-CREF IRA Interest Rates

... Contributions always stay in their own vintage and earn the guaranteed rate. While it is true that the contributions in older vintages all grow at a 3% rate (with excess over 3% going into current vintage as new money), contributions don't always stay in the their own vintage. Each March 1 they...
by DickBenson
Tue May 01, 2012 8:15 pm
Forum: Investing - Theory, News & General
Topic: TIAA-CREF IRA Interest Rates
Replies: 17
Views: 2236

Re: TIAA-CREF IRA Interest Rates

I was assuming that even though there's a single IRA accumulation rate right now, their computerized records must still "know" when the participant contributed various monies to TIAA Traditional- Each year the older vintages change in structure, period and yield. There have been overlaps, combinati...
by DickBenson
Tue May 01, 2012 4:57 pm
Forum: Investing - Theory, News & General
Topic: TIAA-CREF IRA Interest Rates
Replies: 17
Views: 2236

Re: TIAA-CREF IRA Interest Rates

Yes, the earning rate for TIAA Traditional contributions which are still in the accumulation stage has been flattened to a uniform 3%, regardless of when the monies were contributed. However, at least for now, there are still differences in payout rates among various contribution dates (vintages) f...
by DickBenson
Thu Apr 26, 2012 9:29 pm
Forum: Investing - Theory, News & General
Topic: Optimal Ratio of ROTH, Traditional IRA and Inv. Funds
Replies: 35
Views: 4412

Re: Optimal Ratio of ROTH, Traditional IRA and Inv. Funds

We are in the 15% tax bracket and will have at least one pension upon retirement that will pretty much guarantee I won't be in a lower bracket ever. To me, it seems more tax efficient to pay the taxes on the initial investment and be able to take withdrawals tax-free and with a lot more flexibility...
by DickBenson
Tue Apr 24, 2012 3:05 pm
Forum: Investing - Theory, News & General
Topic: My monthly TIPS update for those interested
Replies: 44
Views: 5815

Re: My monthly TIPS update for those interested

Larry For those in retirement (say mid 70's), who have no need to take risk, it is becoming more difficult to avoid taking some risk, even if there is no need to do so. Would you recommend moving some of the present bond risk into more equity risk, or should one simply go into short term bonds. (The...
by DickBenson
Tue Apr 24, 2012 2:17 am
Forum: Investing - Theory, News & General
Topic: TIAA-Cref on Farmland Investing
Replies: 2
Views: 534

Re: TIAA-Cref on Farmland Investing

555 wrote:What is TIAA’s General Account?
Here is a link to a description of the General Account. The returns of its investments are used to support Traditional Accounts, annuities, etc.

http://www.tiaa-cref.org/ucm/groups/con ... 026927.pdf

Dick
by DickBenson
Thu Apr 19, 2012 10:10 pm
Forum: Investing - Theory, News & General
Topic: I had a meeting with David Swensen tonight!
Replies: 59
Views: 10218

Re: I had a meeting with David Swensen tonight!

* Unless individual investors have a full time department, research staff, all hours of the day to research, at a very low costs, there should be no stocks or active investments. We should all be passive investors in the funds he recommended in his book. * Discussed Vanguard for a while, and encour...
by DickBenson
Wed Apr 18, 2012 3:24 pm
Forum: Personal Consumer Issues
Topic: Slow VHS Rewind with Maxell T-120 Tape
Replies: 23
Views: 3727

Re: Slow VHS Rewind with Maxell T-120 Tape

I rarely use the VCR to rewind tapes. Get a video cassette rewinder for this purpose. Its faster and saves wear and tear on the VCR. Dick I must have hit 88 mph in my DeLorean this morning, this can't be a 2012 post. 8-) I just went to the store this morning in my 1962 109 Land Rover, purchased new...
by DickBenson
Wed Apr 18, 2012 12:40 pm
Forum: Personal Consumer Issues
Topic: Slow VHS Rewind with Maxell T-120 Tape
Replies: 23
Views: 3727

Re: Slow VHS Rewind with Maxell T-120 Tape

I rarely use the VCR to rewind tapes. Get a video cassette rewinder for this purpose. Its faster and saves wear and tear on the VCR.

Dick
by DickBenson
Sun Apr 15, 2012 6:38 pm
Forum: Personal Investments
Topic: TIAA Traditional or I-Bonds?
Replies: 4
Views: 921

Re: TIAA Traditional or I-Bonds?

...... I was wondering if the money earmarked for an I-Bonds purchase should instead be used to transfer/switch within my current accounts. The TIAA Traditional seems to offer a consistent interest rate without the wait/restrictions as the I-Bonds. Little confusing about what kind of transfer/switc...
by DickBenson
Fri Apr 13, 2012 2:36 pm
Forum: Investing - Theory, News & General
Topic: New I Bond Composite Rates
Replies: 30
Views: 4149

Re: New I Bond Composite Rates

Many of us "used up" our allocation of I bonds last January in order to immediately take full advantage of the 3.06% rate for 6 months. Giving up this last chance for the 3.06% rate, by waiting until November for a better rate than this May's rate, doesn't strike me as a wise move. Even if the Novem...
by DickBenson
Fri Apr 13, 2012 12:56 pm
Forum: Investing - Theory, News & General
Topic: New I Bond Composite Rates
Replies: 30
Views: 4149

Re: New I Bond Composite Rates

A number of interest would be the return one would receive if one purchased the bond at the end of this month. Then, if you redeemed the bond in 11 months (with the 3 month penalty and assuming the fixed rate in May will be 0% ), this would be the number I would use to compare with the return of an ...
by DickBenson
Wed Apr 11, 2012 4:29 pm
Forum: Personal Investments
Topic: Impending Tax Law Changes
Replies: 41
Views: 2133

Re: Impending Tax Law Changes

The impending tax law changes were the additional kick needed to push me to sell some of the appreciated TIPS that I had held in a taxable account. See the following thread for a discussion on Larry Swedroe's article about selling appreciated bonds held in taxable accounts, in order to convert what ...
by DickBenson
Mon Apr 02, 2012 4:56 pm
Forum: Personal Investments
Topic: Transfer assets from Scottrade to Vanguard
Replies: 4
Views: 4147

Re: Transfer assets from Scottrade to Vanguard

I have an individual account at Scottrade and have invested in some ETFs there, but what I want to transfer is cash. If you have a cash account at Scottrade, and you do not plan to transfer the whole account, I believe you could just write a check for the amount that you wish to transfer to Vanguar...
by DickBenson
Sat Mar 31, 2012 6:16 pm
Forum: Personal Investments
Topic: TIAA-CREF or Vanguard for Wife's Retirement Account
Replies: 46
Views: 21070

Re: TIAA-CREF or Vanguard for Wife's Retirement Account

The traditional and real estate accounts add more complexity than she probably wants to think about and Vanguard will probably save you 30 basis points on expenses. For someone who wants a simple retirement portfolio, an allocation between Traditional and CREF Stock has had a history of success for...
by DickBenson
Mon Mar 26, 2012 4:39 pm
Forum: Personal Investments
Topic: Help me explain traditional vs Roth options to my wife
Replies: 21
Views: 1678

Re: Help me explain traditional vs Roth options to my wife

The Roth only makes sense if we expect our tax rate to be higher in retirement. Am I missing or misunderstanding anything? Even if your tax rate remains constant there is an income advantage with the Roth. The funds you use to pay the tax will be generating tax-free income in your Roth, whereas the...
by DickBenson
Sat Mar 24, 2012 1:05 pm
Forum: Personal Investments
Topic: TIAA Traditional interest rates?
Replies: 26
Views: 3810

Re: TIAA Traditional interest rates?

if.... I move the funds to another investment option in the plan ..... when ......I move them back into TIAA Traditional.... My experience is that they would go into your Traditional Account as "new money", and receive the rate that new money receives at the time of your transfer. However, I would ...
by DickBenson
Tue Mar 20, 2012 1:39 am
Forum: Personal Consumer Issues
Topic: Can public storage be used as a private library?
Replies: 30
Views: 2764

Re: Can public storage be used as a private library?

Might there be some book store, or some other commercial business, in the neighborhood that would have some unused space that they would be willing to rent out at a price that would be competitive with the cost of a storage unit? Might even advertise on Craigslist for the use of some space that a pr...
by DickBenson
Sat Mar 17, 2012 12:43 pm
Forum: Personal Investments
Topic: I Bond Account Question
Replies: 12
Views: 1251

Re: I Bond Account Question

I have a couple accounts in my childrens names that I'm using for college saving purposes It is my understanding that if the accounts were in your (or some relatives name), that they could be used for college education purposes without having to pay any tax. If in childrens name then they would be ...
by DickBenson
Sun Mar 11, 2012 4:39 pm
Forum: Personal Consumer Issues
Topic: Selling Used Books
Replies: 41
Views: 5835

Re: Selling Used Books

Are there any types of books that sell easily or not very well? And are certain sites best for some type of books and not for others?

Are there any places where you could ship a batch of books and have them market, ship and sell for you?

Dick
by DickBenson
Mon Mar 05, 2012 4:17 pm
Forum: Investing - Theory, News & General
Topic: TIAA Real Estate -- Role in portfolio.
Replies: 52
Views: 2968

Re: TIAA Real Estate -- Role in portfolio.

Most of us assume the next downturn will be similarly smooth and easy to sidestep... Ay, there''s the rub;....for in the next real estate downturn will the managers again wait a few months before reappraising many of the depreciated properties in order to "smooth out" the decline, or will they take...
by DickBenson
Sun Mar 04, 2012 3:23 pm
Forum: Personal Investments
Topic: AA help- TIAA CREF mess!
Replies: 75
Views: 4760

Re: AA help- TIAA CREF mess!

Here is a link to a description of the traditional account that may be of interest to you.

http://www.tiaa-cref.org/ucm/groups/con ... 011136.pdf

Dick
by DickBenson
Thu Mar 01, 2012 7:46 pm
Forum: Personal Investments
Topic: Roth Conversion for Large Estate?
Replies: 11
Views: 848

Re: Roth Conversion for Large Estate?

she's essentially investing for her heirs. She'd prefer to save it for her heirs unless she ever needs it for long-term care. I'm looking for advice as to whether you think she should do a Roth Conversion and if so, how much? She definitely should get some professional advice, as there are too many...
by DickBenson
Wed Feb 22, 2012 7:27 pm
Forum: Personal Investments
Topic: TIAA Traditional - Safety?
Replies: 50
Views: 6038

Re: TIAA Traditional - Safety?

The following is a link to a recent Fitch report on TIAA. Would appreciate any comments (interpretations/translations) from those familiar with CPA terminology. http://finance.yahoo.com/news/fitch-affirms-tiaas-ifs-aaa-190900352.html A "primary concern" of Fitch was the impact and sustainability of ...
by DickBenson
Sun Feb 19, 2012 6:37 pm
Forum: Investing - Theory, News & General
Topic: Required Min Distribution: What do BH"s do with it?
Replies: 25
Views: 1612

Re: Required Min Distribution: What do BH"s do with it?

What do your taxes look like? Spend it to convert some of your IRA to Roth to lower future RMDs and taxes on taxable accounts. For the past several years, I've been doing a Roth conversion up to the full level of the 15% tax bracket. This seems to me to be a wise program. If using your RMDs to pay ...
by DickBenson
Fri Feb 17, 2012 11:16 pm
Forum: Personal Investments
Topic: back-testing TIAA-CREF performance
Replies: 23
Views: 2815

Re: back-testing TIAA-CREF performance

A portion of the Account is managed using an active management strategy. A portion of the Account is managed using an enhanced index strategy. A portion of the Account is managed using a pure index strategy. The problem is that AFAIK we have no information about the size, costs (ER), or the perform...
by DickBenson
Mon Feb 13, 2012 10:14 pm
Forum: Personal Investments
Topic: I-Bonds - Changing Co-Owner?
Replies: 6
Views: 887

Re: I-Bonds - Changing Co-Owner?

Do I have to worry about treasury not allowing paper bonds to be reissued in paper bond form, but must be placed in a treasury direct account?

Dick
by DickBenson
Mon Feb 13, 2012 5:30 pm
Forum: Personal Investments
Topic: Proving it to yourself: index funds vs. individual stocks
Replies: 57
Views: 6127

Re: Proving it to yourself: index funds vs. individual stoc

I'm a little confused when you say I have never said that I could beat the market, and I have never said that this is the measure of success. when in your OP you said .... I feel that I need to prove it to myself that I am like most everyone else and cannot consistently pick individual stocks that o...
by DickBenson
Sat Feb 04, 2012 4:45 pm
Forum: Investing - Theory, News & General
Topic: Do you hold TIPS funds in taxable accounts?
Replies: 17
Views: 1822

Re: Do you hold TIPS funds in taxable accounts?

If your tax rate doesn't change there is no difference in the after tax return of the two basic types of accounts. Not quite correct if you have to consider the returns from both Roth and taxable accounts. With tax rate not changing, your overall return will be better if you had converted to the Ro...
by DickBenson
Sat Feb 04, 2012 3:39 am
Forum: Investing - Theory, News & General
Topic: Anyone selling TIPs now?
Replies: 58
Views: 6390

Re: Anyone selling TIPs now?

The $35b of face value that the Fed holds is 20% of the $175b face value that has been issued (2) (3). Much of this has been purchased on the secondary market . For example, SOMA has bought $5,365m of the Feb 2040; but only $171m was bought at the two auctions held in 2010 (4) (5). Does this mean t...
by DickBenson
Fri Feb 03, 2012 3:20 pm
Forum: Investing - Theory, News & General
Topic: Anyone selling TIPs now?
Replies: 58
Views: 6390

Re: Anyone selling TIPs now?

Sometimes there can arise some unusual situations where a normal "buy and hold" policy, or your normal asset allocation can be challenged. When I bonds were over 3% real, everyone loaded up (over-loaded?). About three years ago there was some artificial selling of TIPS (not based upon unexpected inf...
by DickBenson
Fri Feb 03, 2012 3:07 am
Forum: Investing - Theory, News & General
Topic: Anyone selling TIPs now?
Replies: 58
Views: 6390

Re: Anyone selling TIPs now?

The Fed has been purchasing 60% of the 20-30 year TIPS: Article: http://www.zerohedge.com/news/under-twist-fed-has-purchased-91-all-gross-issuance-long-dated-us-treasurys table: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/01/Fed%2091%25.png Are these purchases made only...
by DickBenson
Wed Feb 01, 2012 11:45 pm
Forum: Personal Investments
Topic: TIPS Yields
Replies: 3
Views: 674

Re: TIPS Yields

#Cruncher wrote:So for example, on the WSJ TIPS Quotes web page, the 2.375% January 15 2017 TIPS has a YTM of (1.203%).
That YTM should be -1.203. Some may not recognize ( ) as a negative notation.
by DickBenson
Thu Jan 26, 2012 5:43 pm
Forum: Investing - Theory, News & General
Topic: HELP!-I-bond emergency
Replies: 18
Views: 2779

Re: HELP!-I-bond emergency

Guess I could have gotten $20K of bonds. Anyone think TD will try to get the funds again? Unless there is some reason why you would not like to have $20K of I bonds, I personally would hope that TD would try to get the funds again.... and immediately deposit another $10K with the bank so that they ...
by DickBenson
Thu Jan 26, 2012 3:32 pm
Forum: Personal Investments
Topic: TIAA Traditional - Safety?
Replies: 50
Views: 6038

Re: TIAA Traditional - Safety?

If rates rise, you're very exposed. You'll be earning 3% for years while everyone else is enjoying higher payout rates from their fixed income investments. TIAA has what is called a "vintage system" where funds invested at different time periods receive a different return (minimum 3%) based upon th...
by DickBenson
Wed Jan 25, 2012 5:13 pm
Forum: Personal Investments
Topic: TIAA Traditional - Safety?
Replies: 50
Views: 6038

Re: TIAA Traditional - Safety?

It's safe, but not as safe as is was before August 22, 1989. The following is an excerpt from a November 1989 report to the board of TIAA. In years to come, the date August 22, 1989, may be thought of as just another hot, summer day. But, for the current generation of TIAA-CREF trustees, employees, ...
by DickBenson
Mon Jan 23, 2012 12:56 am
Forum: Personal Investments
Topic: TIAA Traditional Annuity Question
Replies: 26
Views: 14456

Re: TIAA Traditional Annuity Question

I'd say keep things simple. Just transfer it to Vanguard, as fast as you can, and be done with it. I'm TPAing out myself. I don't like being locked in like that. If you transfer it to Vanguard, you still will have to make investment decisions with each transfer. Much simpler to keep it at TIAA "and...
by DickBenson
Sat Jan 21, 2012 3:17 pm
Forum: Personal Investments
Topic: TIAA Traditional Annuity Question
Replies: 26
Views: 14456

Re: TIAA Traditional Annuity Question

I decided for now to redirect the money back into the TIAA traditional annuity instead of to my VG TIRA, and will have until January 24th to change my mind on this year's payout, Since you mentioned that you have some REIT at Vanguard, many would chose the TIAA Real Estate Account over a REIT for t...