Search found 2664 matches

by SGM
Wed May 09, 2018 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 7247

Re: Factors Suggesting One Should Buy SPIA

Joe Tomlinson shows how delaying SS and adding a SPIA will positively affect a portfolio during retirement. I have been introduced to Joe at several SS research symposia. More recently I have been reading his research and am impressed. He also looks at going from 50 to 75% stock allocation and a re...
by SGM
Wed May 09, 2018 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 7247

Re: Educating an adult child about investing

I am in the process of educating one of my adult children who will be attending the BH national meeting for the first time this year. SGM: In my opinion, this is one of the best things you can do to start an adult child on the road to investment success. Best wishes Taylor Thank you Taylor. A trip ...
by SGM
Tue May 08, 2018 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 7247

Re: Factors Suggesting One Should Buy SPIA

Joe Tomlinson shows how delaying SS and adding a SPIA will positively affect a portfolio during retirement. I have been introduced to Joe at several SS research symposia. More recently I have been reading his research and am impressed. He also looks at going from 50 to 75% stock allocation and a re...
by SGM
Tue May 08, 2018 4:47 am
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 7247

Re: Factors Suggesting One Should Buy SPIA

Joe Tomlinson shows how delaying SS and adding a SPIA will positively affect a portfolio during retirement. I have been introduced to Joe at several SS research symposia. More recently I have been reading his research and am impressed. He also looks at going from 50 to 75% stock allocation and a rev...
by SGM
Sun May 06, 2018 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Jonathan Clements "Where Money Grows Up"
Replies: 9
Views: 2215

Re: Jonathan Clements "Where Money Grows Up"

I have bought Clements books for my adult children to read. I never made a significant impulse purchase, but I do indulge myself with the purchase of small items on impulse. Certain annuities I like and have educated myself about those that are rip-offs. Expensive kitchen remodels done by people who...
by SGM
Sat May 05, 2018 4:13 am
Forum: Investing - Help with Personal Investments
Topic: How are you widow-proofing?
Replies: 35
Views: 4819

Re: How are you widow-proofing?

All tax deferred accounts are now in Roth accounts so there are no RMDs to be concerned with. Dividends, SS, pension, TIAA annuity, and some rental income are automatically deposited into a local bank account. I am delaying SS until 70 so spouse will receive the maximum amount as a widow in the like...
by SGM
Fri May 04, 2018 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (repost)
Replies: 45
Views: 6169

Re: Downloadable Social Security Benefit Estimator (repost)

I used your spreadsheet and compared it to the SS website on-line calculator. Your program came up with a result $21 a month higher for taking SS at age 70 than the SS on-line calculator. So I am going with your estimate. :wink: I had trouble downloading the SS website detailed calculator and can no...
by SGM
Wed May 02, 2018 8:15 am
Forum: Investing - Help with Personal Investments
Topic: Berkshire Hathaway B
Replies: 65
Views: 6843

Re: Berkshire Hathaway B

A couple of things happened when I decided to sell some Berkshire. Buffett got older and so did I. I wanted to spend less time analyzing individual stocks and more time enjoying life. I did fairly well with most of my individual stocks. I had a couple of losers too as is inevitable. I would rather h...
by SGM
Wed May 02, 2018 3:18 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3651
Views: 1037682

Re: What Movie Have You Recently Watched?

Borg/McEnroe was a good film. I never knew how stressed Borg was and what a temper he had beginning as a top amateur as a kid. Borg was banned from top amateur play for 6 months when young. His future coach was almost a second father too him. Borg became obsessive compulsive and remained so in his 2...
by SGM
Wed May 02, 2018 3:03 am
Forum: Investing - Help with Personal Investments
Topic: Berkshire Hathaway B
Replies: 65
Views: 6843

Re: Berkshire Hathaway B

We have had Berkshire stock for many years and held it in a taxable account only. It did quite well early on and became too large a part of our portfolio. It is now only about 1% of our holdings as we sold a lot to become more diversified. It is tax efficient as it has no dividends.
by SGM
Tue May 01, 2018 4:33 am
Forum: Personal Finance (Not Investing)
Topic: Include dividends/interest in savings rate calculation ?
Replies: 26
Views: 1643

Re: Include dividends/interest in savings rate calculation ?

I never included unearned income when considering my savings rate and certainly found the simple calculation to be helpful. There was a time when we both worked and saved 100% of the higher salary. Later when I had my own S corp I was able to put a significant percentage in a 401k including profit s...
by SGM
Sun Apr 29, 2018 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Guaranteed Annuity
Replies: 83
Views: 4066

Re: TIAA Guaranteed Annuity

...A Washington Post article in 2016 discussed tontines and states that TIAA-CREF has a tontine-like quality. This means that as annuitants die off at least part of what would have been their payout is shared with living annuitants. I wouldn't buy a variable annuity, but the CREF annuity under the ...
by SGM
Sun Apr 29, 2018 9:41 am
Forum: Investing - Help with Personal Investments
Topic: TIAA Guaranteed Annuity
Replies: 83
Views: 4066

Re: TIAA Guaranteed Annuity

DW has a TIAA-CREF annuity from a university job she had over 30 years ago. She transferred most of the TIAA traditional to CREF global over a period of 9 years. She annuitized it in her 60s. The payout has been going up every year for both the TIAA traditional and the CREF variable annuity. I do no...
by SGM
Sat Apr 28, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Last logon not registering at Vanguard
Replies: 3
Views: 465

Last logon not registering at Vanguard

Yesterday I logged into Vanguard at 6:40. A minute later I looked up at the last logon and it stated my last logon was 1 minute earlier. Actually my last logon was the previous day. Today I logged on and last logon was left blank. Another family member's account had an accurate last logon using the ...
by SGM
Fri Apr 27, 2018 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: Qualified Joint Venture (QJV) questions
Replies: 5
Views: 354

Re: Qualified Joint Venture (QJV) questions

We have not used a QJV. I did have an S-corp for my now retired medical practice and hired my spouse as a sole part-time employee for a few years. I was doing the work I hired her for initially myself. My main purpose in hiring her was to increase tax deferred space. All of her salary went into a co...
by SGM
Wed Apr 25, 2018 4:07 am
Forum: Investing - Theory, News & General
Topic: Help poke holes? Roger Ibbotson recommends a Fixed Index Annuity as a partial bond alternative.
Replies: 23
Views: 1892

Re: Help poke holes? Roger Ibbotson recommends a Fixed Index Annuity as a partial bond alternative.

These fixed index annuities or equity indexed annuities have many hidden fees. I long ago read the warnings from FINRA. I would consider buying SPIAs with a small portion of my assets as a source of fixed income late in life. Insurance reps and financial advisors would like you to buy fixed index an...
by SGM
Tue Apr 24, 2018 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Considering No 401K Contribution or Profit Sharing For 2018
Replies: 12
Views: 1235

Re: Considering No 401K Contribution or Profit Sharing For 2018

You could continue to add to your 401k and profit sharing as well as convert a similar amount in some traditional accounts to Roth accounts.

If you are already at the maximum earnings for SS it might be worthwhile to save some FICA taxes on the profit sharing amounts.
by SGM
Mon Apr 23, 2018 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend fund in taxable account during retirement, yea or nay?
Replies: 33
Views: 3102

Re: Dividend fund in taxable account during retirement, yea or nay?

Qualified dividends are not taxed the same as ordinary income. However, LT capital gains taxes are more efficient as the total amount you withdraw is not taxed. The new tax law has decreased the taxes on pass through income such as REIT dividends. There is a 20% discount which I discussed on another...
by SGM
Mon Apr 23, 2018 2:25 pm
Forum: Personal Consumer Issues
Topic: New retirees: so whatdayathink ?
Replies: 97
Views: 12173

Re: New retirees: so whatdayathink ?

It will be 4 years in August since I retired. We don't travel a lot, but expect to do more as we were reluctant to leave elderly parents who are now gone. I like running into my old patients. I ran into one today at lunch. The lacrosse backstop I gave him years ago for his grandson was put to good u...
by SGM
Sun Apr 22, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 33906

Re: KF's simple rules to achieve FI

I like 529s for college education, because the earnings are not taxed and are funded out of taxable accounts. This decreases taxes on investments a little every year the funds are outside of a taxable account. In our state there is a tax credit for investing in 529s as well. I have never had an issu...
by SGM
Sat Apr 21, 2018 4:22 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 10164

Re: NYT article: Everyone should hire a financial planner

Certainly not everyone needs a financial planner. I have been investing for over 40 years without using a financial advisor. I did get one free review of my portfolio from Vanguard and I partially followed their advice. Is this the Voyager Select (and above) included financial advisor or something ...
by SGM
Sat Apr 21, 2018 8:17 am
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 10164

Re: NYT article: Everyone should hire a financial planner

Certainly not everyone needs a financial planner. I have been investing for over 40 years without using a financial advisor. I did get one free review of my portfolio from Vanguard and I partially followed their advice. I had an off the cuff discussion with one of the very well respected advisors wh...
by SGM
Fri Apr 20, 2018 4:08 am
Forum: Personal Consumer Issues
Topic: Factor in evaluating Physicians
Replies: 86
Views: 5447

Re: Factor in evaluating Physicians

Years ago a young attending would try to shame the residents who were receiving pens and eating sandwiches provided by drug reps. That young attending with self assessed "superior morals" was later sanctioned by the State Board of Physicians for illicit drug use. :twisted: Advertising of drugs direc...
by SGM
Thu Apr 19, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: “The Smell of Retiree Mon$y...”
Replies: 57
Views: 8861

Re: “The Smell of Retiree Mon$y...”

This pestering makes us less likely to donate cash. I pay higher tips for service than I once did. If a charity wastes money on advertising and mailing us useless stuff we will discontinue giving to the charities. We don't respond to unsolicited phone calls from any charity or business. We do volunt...
by SGM
Wed Apr 18, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Are you keeping more in cash?
Replies: 31
Views: 4910

Re: Are you keeping more in cash?

Yes. We have received some cash and have some current temporarily higher expenses so I am not investing it in anything risky. I don't organize investments in buckets, but it does feel like I have a cash bucket right now. I am 4 years into retirement and my portfolio has done quite well. I am aware o...
by SGM
Wed Apr 18, 2018 4:04 am
Forum: Personal Consumer Issues
Topic: How to delist a bogus Craigslist entry
Replies: 7
Views: 1648

Re: How to delist a bogus Craigslist entry

From a text I gathered that the advertisement included a price of $1500 and the word pickup as well as the manufacturer. This allowed me to narrow down matches to about 8 vehicles across the state. I clicked on the red telephone icons until I found my cell phone number. I flagged the entry and it di...
by SGM
Tue Apr 17, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: How to delist a bogus Craigslist entry
Replies: 7
Views: 1648

Re: How to delist a bogus Craigslist entry

I cannot find the ad, but am getting fewer phone calls. My service gives me a scam alert and there are a dozen a day. My greeting is quite long so you really must want to leave a message if you will listen to the whole greeting. Someone just left a scam message that if I don't call back I won't get ...
by SGM
Tue Apr 17, 2018 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Tax reform effect on REIT shareholders income
Replies: 7
Views: 1068

Re: Tax reform effect on REIT shareholders income

Thanks Grok. That makes sense. The original article states 39.6% to 29.6% with a 20% deduction which did not make sense. The author neglected to put in the new top rate of 37 % to calculate a 29.6% for the tax rate on pass through dividends with the 20% deduction.
by SGM
Mon Apr 16, 2018 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Tax reform effect on REIT shareholders income
Replies: 7
Views: 1068

Re: Tax reform effect on REIT shareholders income

I believe it can be individual REITs that you would buy in the 1031 exchange not necessarily a REIT fund. For instance one could buy American Tower who own cell towers. The Delaware statutory trusts may be a stumbling block for us. Possibly we won't have as much in capital gains as I first thought. ...
by SGM
Mon Apr 16, 2018 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Tax reform effect on REIT shareholders income
Replies: 7
Views: 1068

Re: Tax reform effect on REIT shareholders income

A recent article in US News and World Report by Rebecca Lake discusses a 20% tax deduction on REIT dividends. She states that someone in the 39.6% bracket would have pass-through entity dividends taxed at 29.6%. She also discusses using REITs for 1031 exchanges which would delay capital gain taxes ...
by SGM
Mon Apr 16, 2018 3:48 am
Forum: Investing - Help with Personal Investments
Topic: Tax reform effect on REIT shareholders income
Replies: 7
Views: 1068

Tax reform effect on REIT shareholders income

A recent article in US News and World Report by Rebecca Lake discusses a 20% tax deduction on REIT dividends. She states that someone in the 39.6% bracket would have pass-through entity dividends taxed at 29.6%. She also discusses using REITs for 1031 exchanges which would delay capital gain taxes o...
by SGM
Mon Apr 16, 2018 3:15 am
Forum: Personal Consumer Issues
Topic: How to delist a bogus Craigslist entry
Replies: 7
Views: 1648

How to delist a bogus Craigslist entry

Yesterday I kept getting calls and texts on my cell phone asking about a vehicle sale. I have never been on the Craigslist website. How can I get the listing deleted as the whole thing is bogus? I don't know if this is someone's idea of a stupid joke or an error in transcribing a phone number. Had I...
by SGM
Thu Apr 12, 2018 3:35 am
Forum: Investing - Help with Personal Investments
Topic: Fund IRA's or not? Possible to have too much in IRA's?
Replies: 20
Views: 2082

Re: Fund IRA's or not? Possible to have too much in IRA's?

In 2010 the law changed so that Roth conversions were allowed regardless of income. That year I had some payments delayed until 2011 so I began converting what were mostly non-deductible traditional IRAs. I also learned about back-door conversions. When I started working part time and later while I ...
by SGM
Wed Apr 11, 2018 4:51 am
Forum: Investing - Theory, News & General
Topic: Retirees: Who's increasing their equities as they age?
Replies: 74
Views: 6181

Re: Retirees: Who's increasing their equities as they age?

I read these studies about rising equity allocation as one ages in retirement some time ago and found them intriguing. On approaching retirement I cut back on equities from 100 to currently 70%. This seems pretty aggressive for a retiree so I don't think I will increase my stock allocation any time ...
by SGM
Tue Apr 10, 2018 8:37 am
Forum: Investing - Theory, News & General
Topic: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’
Replies: 88
Views: 13187

Re: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’

With large portfolios that I assume Jack Bogle has, the daily market swings could change the value of his portfolio by hundred of thousands or a few million in a day. Maybe the daily fluctuations is related to programmed trading or the large amounts invested in ETFs. It does feel more risky than in ...
by SGM
Tue Apr 10, 2018 3:56 am
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 13634

Re: What is your AA, given your age? and, Why?

Most of my investing years I have been 100% stock as I considered my work to be secure and never sold in a downturn. Currently at 70/30 in late 60s and retired. This does not include income producing real estate and other income streams. I may start adding a SPIA ladder after age 70 and am not takin...
by SGM
Mon Apr 09, 2018 3:40 am
Forum: Personal Consumer Issues
Topic: Regrets of the frugal and dying?
Replies: 62
Views: 9327

Re: Regrets of the frugal and dying?

I heard no regrets from either dying patients or dying relatives about working too long or saving too much. One patient did not want to go into a nursing home because she wanted her children to inherit money. I kept her out of a nursing home for as long as I was in medical practice.
by SGM
Sat Apr 07, 2018 5:31 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Customer Service
Replies: 37
Views: 4063

Re: Vanguard Customer Service

I have had generally good experiences when I talk to my Flagship rep. I have had two different reps and the first one was excellent. The replacement rep needed a little training and I had written a complaint about him on the Vanguard website. I had considered writing a letter to the CEO, but it was ...
by SGM
Fri Apr 06, 2018 3:44 pm
Forum: Investing - Theory, News & General
Topic: Bill Bernstein, new podcast
Replies: 56
Views: 6635

Re: Bill Bernstein, new podcast

Some have mastered the ability to retain happiness over what they already have. I try to feel a sense of appreciation for what I have on a daily basis. Variety makes things a little less routine I try to do/be the same. I usually think I'm lucky all I need to be content is being/observing/reading/c...
by SGM
Fri Apr 06, 2018 6:33 am
Forum: Investing - Theory, News & General
Topic: Bill Bernstein, new podcast
Replies: 56
Views: 6635

Re: Bill Bernstein, new podcast

Hedonic adaptation or treadmill can be decreased by variety and appreciation. Some have mastered the ability to retain happiness over what they already have. I try to feel a sense of appreciation for what I have on a daily basis. Variety makes things a little less routine. It seems as if VictoriaF h...
by SGM
Fri Apr 06, 2018 2:25 am
Forum: Investing - Help with Personal Investments
Topic: How do Bogleheads Take Advantage of Dips When Fully Invested?
Replies: 55
Views: 7617

Re: How do Bogleheads Take Advantage of Dips When Fully Invested?

At age 29 I would be 100% in stocks and invest with every pay check and forget about it. I would spend some time increasing my human capital by additional training.
by SGM
Thu Apr 05, 2018 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 10465

Re: How Do You Value Your Home for Net Worth Purposes?

I don't calculate net worth. I do keep track of portfolio totals. Income and expenses are more important to me than net worth. The total portfolio can vary with up and down markets. It is more important for me to have multiple sources of income. We will soon sell some non-income producing real estat...
by SGM
Thu Apr 05, 2018 10:01 am
Forum: Investing - Theory, News & General
Topic: William Bernstein: Retirement Investing and Spending in two easy steps
Replies: 77
Views: 10412

Re: William Bernstein: Retirement Investing and Spending in two easy steps

I am leaning toward a ladder of annuities (SPIAs) as opposed to a TIPs ladder for some extra liability matching. I have been delaying SS until 70 which gives me an extra 32% above my primary insurance amount (PIA). We also have farm rental income which helps in our diversification. A small pension a...
by SGM
Wed Apr 04, 2018 3:58 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 477
Views: 46398

Re: Post your Financial Milestone Announcements Here

There were a few records of her class, however she did graduate as valedictorian. Her 25th reunion was the last one she went to as the retuning alumnae were told by the undergraduates to wear horse head costumes and sing the "Old Grey Mare Ain't What She Used to Be". This did not sit well with the a...
by SGM
Wed Apr 04, 2018 4:20 am
Forum: Investing - Help with Personal Investments
Topic: Annuity w guaranteed 5-6% return [payout]?
Replies: 50
Views: 5732

Re: Annuity w guaranteed 5-6% return [payout]?

Delay of SS until 70, plus a TIAA-CREF annuity, and a ladder of SPIAs is part of our retirement strategy. Currently getting 7.3% payout from T-C. We will continue to receive monthly direct deposits as we did when working. I would not buy an annuity from an advisor as it would likely be expensive wit...
by SGM
Mon Apr 02, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3651
Views: 1037682

Re: What Movie Have You Recently Watched?

We dug out from an April snow and went to see Leisure Seekers. Good acting and no surprises. It hits a little close to home after losing elderly parents who needed a lot of care and were a constant worry.
by SGM
Mon Apr 02, 2018 4:19 pm
Forum: Investing - Theory, News & General
Topic: Is Lockheed Martin about to become the biggest company in history?
Replies: 66
Views: 7827

Re: Is Lockheed Martin about to become the biggest company in history?

Lockheed Martin and Northrup Grumman were my last individual stock purchases and I have taken a little profit. I am not selling anymore individual stocks with LT capital gains and am mostly in index funds. I bought based on my judgement that defense stocks were ridiculously priced a few years ago an...
by SGM
Mon Apr 02, 2018 8:30 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3651
Views: 1037682

Re: What Movie Have You Recently Watched?

We just saw The Death of Stalin . It didn't live up to the reviews calling it a great comedy. There were some very funny moments. However, the cesspool made up of Stalin's closest allies was too disgusting. Krushchev seemed more civilized than I recall from the newspapers back in the 1950s, but I wa...
by SGM
Fri Mar 30, 2018 11:56 am
Forum: Investing - Theory, News & General
Topic: Vanguard in the WSJ today
Replies: 57
Views: 8262

Re: Vanguard in the WSJ today

We have had no serious problems with Vanguard. They handled a TOD very easily and professionally. Our rollovers and later conversions all went smoothly. We had 3 generations invested at Vanguard and also added a siblings family several years ago. So far the cost basis seems to not be a problem. We g...
by SGM
Fri Mar 30, 2018 8:13 am
Forum: Investing - Theory, News & General
Topic: Is backtesting worthless? Are there ANY insights you can get from it?
Replies: 69
Views: 5311

Re: Is backtesting worthless? Are there ANY insights you can get from it?

Back-testing can be used to prove anything you want to prove. Small changes in the dates or how the data is presented can change the message. I don't remember if it was a basic accounting or economy text book that had as a first assignment to check a newspaper for a graph and determine how the data ...