Search found 2751 matches

by SGM
Sun Nov 27, 2011 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement plan options for small s Corp business
Replies: 10
Views: 3147

Re: Retirement plan options for small s Corp business

I have a psp and 401k combination. There are no costs other than brokerage fees. Fidelity, etrade and Vanguard offer these accounts. Some etfs and mutual funds have no brokerage fees. I have had difficulty finding out requirements for non family employees, but it is not pertinent to my situation. Fi...
by SGM
Sat Nov 26, 2011 6:49 am
Forum: Investing - Theory, News & General
Topic: Madoff Victims
Replies: 34
Views: 2835

Re: Madoff Victims

A Ponzi victim who retained considerable assets might refuse to report the scheme to authorities. Publicity could lead to being sued, ostracized, audited, gawked at, laughed at or victimized. Going to the authorities might prevent a settlement to recover some of the lost funds. Unfortunately, the sc...
by SGM
Sun Nov 20, 2011 7:24 pm
Forum: Personal Consumer Issues
Topic: What Book Are YOU Currently Reading? Part IV. (07/04/2010)
Replies: 1507
Views: 377381

Re: What Book Are YOU Currently Reading? Part IV. (07/04/201

Your money and your brain Zweig
Devil take the hindmost Chancellor
Man's search for meaning Frankl
by SGM
Thu Nov 17, 2011 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement planning for small business<3 employees
Replies: 3
Views: 930

Re: Retirement planning for small business<3 employees

A solo 401k is easy to set up with Fidelity. There are no additional costs for a solo 401k over their regular brokerage account. Once the plan has over 250K a 5500 ez form needs to be filled out yearly , and it is easy. I think Vanguard requires an outside company and additional costs. At least that...
by SGM
Thu Nov 17, 2011 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: self-employed retirement savings
Replies: 8
Views: 875

Re: self-employed retirement savings

I am set up as a solo corporation and can maximize retirement savings at about $130,000 of income. I chose this form of doing business partially to increase contributions to the solo 401k. I think that as sole proprietor one would need $170,000 in income to qualify for the same amount of retirement ...
by SGM
Sun Nov 13, 2011 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: How grueling is Medical Residency?
Replies: 77
Views: 14939

Re: How grueling is Medical Residency?

I sort of entered med school through the back door. I was out of undergrad school by 20 years. I found residency stressful, but I felt privileged to be a medical student and a resident. My first year of medical school was the most stressful because most premed students were well prepped in the very ...
by SGM
Thu Nov 10, 2011 6:30 am
Forum: Investing - Theory, News & General
Topic: How a financial planner lost his home
Replies: 203
Views: 18538

Re: How a financial planner lost his home

I generally agree with the tone and message of your post, but can you please explain how "SOCIETY" or taxpayers footed any of Mr. Richards' bills? If a bank loaned him money and then the house sold for less than the value of the loan, then the bank lost money. The bank didn't come to your house, or...
by SGM
Sat Nov 05, 2011 7:34 pm
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" goes against Bogleism
Replies: 40
Views: 3444

Re: "Age in Bonds" goes against Bogleism

Here is my two cents concerning the advantages of age in bonds. I was 100% stocks for 29 years and had no interest in bonds(no pun intended). Of course my portfolio went down considerably in 2008. I was shocked but did not panic. It has recovered substantially. As pension income will be pretty low, ...
by SGM
Sat Nov 05, 2011 7:11 pm
Forum: Personal Consumer Issues
Topic: What Book Are YOU Currently Reading? Part IV. (07/04/2010)
Replies: 1507
Views: 377381

Re: What Book Are YOU Currently Reading? Part IV. (07/04/201

The Social Animal David Brooks This started out quite slowly for me. I stopped reading it, and restarted when several friends said they liked it. Brooks cites various research on the mind and brain to produce insights into who we are. It is a difficult project, but the book definitely improved once ...
by SGM
Sat Nov 05, 2011 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: 529 overfunded- transfer to to nephew or neice
Replies: 6
Views: 2319

529 overfunded- transfer to to nephew or neice

I know this topic has come up before. I have a 529 for grown kids. They will not need all of it. I guess I could transfer some of it to the nephew, a cousin of the beneficiary without a problem. But the nephew has completed his education and would use it for the benefit of his very young child. Woul...
by SGM
Sat Nov 05, 2011 6:32 pm
Forum: Personal Consumer Issues
Topic: windows media trying to open pdf files
Replies: 2
Views: 432

Re: windows media trying to open pdf files

Dan, Got it. That was easy. Thanks.
by SGM
Sat Nov 05, 2011 5:08 pm
Forum: Personal Consumer Issues
Topic: windows media trying to open pdf files
Replies: 2
Views: 432

windows media trying to open pdf files

My disk drive was replaced and then I downloaded adobe and windows media. Windows media is trying to open my pdf files insead of adobe as I intended. Any ideas on how to fix this would be appreciated. I don't much care about windows media, but I think vanguard's site needed it to open some parts of ...
by SGM
Sat Nov 05, 2011 9:41 am
Forum: Investing - Theory, News & General
Topic: Question for bogleheads with custom portfolio spreadsheets
Replies: 8
Views: 946

Re: Question for bogleheads with custom portfolio spreadshee

Thanks to posts on this forum, I just started using morningstar xray free via Trowe Price site. I am manually entering changes whenever. It is less cumbersome and gives considerably more information than using excel.
by SGM
Wed Nov 02, 2011 5:29 am
Forum: Investing - Help with Personal Investments
Topic: Investment For Young Grandson
Replies: 14
Views: 953

Re: Investment For Young Grandson

You have an excellent idea there. 1-You could put the money in a trust and name grandson beneficiary. I know of people who have been happy with that choice, but there is the expense of setting it up. Two other options are below: 2-UTMA account would revert to his control at age 18 or 21 depending on...
by SGM
Mon Oct 31, 2011 9:13 pm
Forum: Investing - Theory, News & General
Topic: how about stocks plus fixed annuity, no bonds?
Replies: 57
Views: 3157

Re: how about stocks plus fixed annuity, no bonds?

I am planning on a small amount of annuitization at various ages 65, 70, 75. One reason is wife's longevity, should make the payout worthwhile. I might take another risk and annuitize for her only which would give a higher payout than one based on a combined life expectancy. I am using a deferred fi...
by SGM
Sun Oct 30, 2011 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: advantages of trust for adult child?
Replies: 4
Views: 812

Re: advantages of trust for adult child?

Thanks for the above responses. The main purpose is to set up a Spendthrift trust, but protection from potential creditors is a secondary goal. I wonder how a trust would work when offspring marry. I am just in the brain storming stage presently. I do have an attorney who is well versed in trusts. A...
by SGM
Sun Oct 30, 2011 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Tips vs Bonds in Roth for 20 somethings?
Replies: 5
Views: 1196

Re: Tips vs Bonds in Roth for 20 somethings?

Thanks Cruncher and Taylor. I was thinking along those lines as the assets have increased. I am trying to simplify portfolios and life in general.
by SGM
Sun Oct 30, 2011 8:27 am
Forum: Personal Finance (Not Investing)
Topic: advantages of trust for adult child?
Replies: 4
Views: 812

advantages of trust for adult child?

Having invested for child since birth, and having had considerable luck, utma account has significant assets. Child has attained age of majority, but is not capable of handling money to our satisfaction. To paraphrase Bill Buckley....financial maturity does not necessarily coincide with biological p...
by SGM
Sun Oct 30, 2011 8:12 am
Forum: Investing - Help with Personal Investments
Topic: Tips vs Bonds in Roth for 20 somethings?
Replies: 5
Views: 1196

Tips vs Bonds in Roth for 20 somethings?

What do you think of Roth IRA bond vs tips for adults in early 20s who have majority of investments in stocks?
Boglehead book did not recommend tips until middle age.
by SGM
Thu Oct 27, 2011 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: Give me good reasons to index
Replies: 59
Views: 4874

Re: Give me good reasons to index

Just so you know, I am PRO-INDEXING, ANTI-ACTIVE MANGEMENT. These are very good responses here. The reason I ask is that I need concrete facts/evidence to present to a relative who is managing money for me. Why do you have to convince anyone of anything? I manage my own money. I bet everyone else w...
by SGM
Sun Oct 23, 2011 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Money and in-laws
Replies: 59
Views: 7908

Re: Money and in-laws

It is nearly impossible to not find some kind of work. You could give him a part time job working for you. He could work as a waiter, night watchman, unskilled laborer, taxi driver, burger flipper, short order cook, or whatever. You don't need experience to get some of these jobs. I cannot believe h...
by SGM
Fri Oct 21, 2011 8:55 pm
Forum: Investing - Theory, News & General
Topic: retiring in three years
Replies: 22
Views: 2373

Re: retiring in three years

I believe the max check per person is roughly $2,500, At age 70, my check today would be $2,775 per month. ------- no wonder this country is going down the hole in quick way. isn't SS suppose to be a 'safety net' not a something someone could live on comfortably forever? $2775 x 12 = $30,600. That ...
by SGM
Thu Oct 20, 2011 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Estimating forward income Vanguard acct
Replies: 1
Views: 335

Estimating forward income Vanguard acct

Is there an easy way to estimate dividend and interest income on Vanguard website? I was able to look backwards over the last year but the account is up a third from additions since Jan 1. I looked under PERFORMANCE and TAX and INCOME headings. As I am in the process of adding constantly to my accou...
by SGM
Fri Oct 14, 2011 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Advangtage of Vanguard Int Index vs. Europe, Pac,Dev funds
Replies: 3
Views: 741

Thanks. Simplifying looks better and better.
by SGM
Fri Oct 14, 2011 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Advangtage of Vanguard Int Index vs. Europe, Pac,Dev funds
Replies: 3
Views: 741

Advangtage of Vanguard Int Index vs. Europe, Pac,Dev funds

Vanguard European Stock Index Vanguard Devel Markets Idx Admiral Vanguard Pacific Stock Index Adm Vanguard vs. Tot Intl Stock Ix Admiral I am thinking of selling top 3 and TLH. I don't think buying the Tot Intl Index will cause a wash sale. The advantages of using the Tot Intl Stock Ix Admiral is th...
by SGM
Fri Oct 14, 2011 5:38 am
Forum: Personal Finance (Not Investing)
Topic: When to start pension payments?
Replies: 8
Views: 1783

I had a similar choice, but am still working and took the earlier pension for me. My wife is not working now and we are delaying her pension. My considerations included: Mine was not a large pension and I invest whatever income I get beyond expenses. The payout difference in waiting until age 65 was...
by SGM
Thu Oct 13, 2011 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as Big Brother and a slow brokerage
Replies: 3
Views: 821

CABob wrote:Whether Vanguard has or does not have the information you (the taxpayer) has the responsibility to correctly report the information on your tax return.
No kidding. And I have been doing that for years without the help of Vanguard.
by SGM
Thu Oct 13, 2011 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard as Big Brother and a slow brokerage
Replies: 3
Views: 821

Vanguard as Big Brother and a slow brokerage

I sent Vanguard my cost basis for one drip stock I sold through their brokerage. This is not acceptable to them. I have to break things down into lots for them. Unfortunately I gradually purchased or reinvested about 100 different lots over 15 years in this one stock. How about if I let them use zer...
by SGM
Wed Oct 12, 2011 4:47 am
Forum: Personal Consumer Issues
Topic: Welcome to Bogleheads? Why did you make your first post?
Replies: 46
Views: 4931

I made my first post to get some feedback concerning delaying ss payout until age 70 and substituting a 7 year annuity vs. laddered cds for the hiatus. No time to post often, barely have time to read posts. Laziness is not in my vocabulary. As was previously posted, the act of writing may clarify an...
by SGM
Wed Oct 12, 2011 4:11 am
Forum: Personal Consumer Issues
Topic: Costco gift cards for restaurants? FREE Lunch?
Replies: 28
Views: 4073

I have used Starbucks discounted gift cards from Costco to give to people I work with. They are very happy to receive them.
by SGM
Sun Oct 09, 2011 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Experience opening Vanguard Individual 401(k)
Replies: 5
Views: 778

Has Vanguard straightened out everything with the need for an outside company to administer the solo 401k? I went with another brokerage for simplicity and no extra charges for the 3rd party administrator. I thought I also read about some who had their solo 401k ended by Vanguard. Vanguard stopped h...
by SGM
Sun Oct 09, 2011 2:45 pm
Forum: Investing - Theory, News & General
Topic: Finally! Can we lay DCA to rest and ban this topic forever?
Replies: 501
Views: 39634

I used DCA out of necessity(i.e., I only had my salary) 30+ years ago into drips, 401ks and some funds, always looking to keep expenses down. It wasn't the best plan, but it was a plan. I did not have any knowledge of John Bogle's philosophy at the time. Sounds like karma has something to do with lu...
by SGM
Fri Oct 07, 2011 4:45 am
Forum: Investing - Help with Personal Investments
Topic: Kept my Solo 401K too long after hiring employee. Any ideas?
Replies: 4
Views: 1982

You could close the solo 401k and transfer the assets to an IRA. You must file a final 5500ez form in a timely fashion. This is my plan if I decide to hire someone outside of the family or if I retire.
by SGM
Mon Oct 03, 2011 4:39 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America to Charge $5/Month for Debit Cards
Replies: 148
Views: 13824

I am hoping my son will quit using his debit card. He seems to have fewer of the $35 penalties. Now that he gets no money from me he may become more frugal. I always used a local bank or CU. I signed up for a small business checking account with BofA for 6 weeks and dropped it when fees immediately ...
by SGM
Sat Oct 01, 2011 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Can I contribute to a Roth IRA?
Replies: 6
Views: 754

Even if you do not qualify for a Roth you can contribute to a traditional IRA and convert in the same year. You need to fill out the 8606 form and may have to fill out 8606 forms for prior years.
by SGM
Sat Oct 01, 2011 4:20 pm
Forum: Personal Consumer Issues
Topic: Was this a great compliment or an insult?
Replies: 23
Views: 3276

I vote for "no learning curve" = you are already there, you have got the experience, the know-how. You are at the deep end of the gene pool.
by SGM
Mon Sep 26, 2011 12:32 pm
Forum: Investing - Theory, News & General
Topic: Retiree using Hi Yield Corporate for income
Replies: 34
Views: 3076

I don't think this is so bad an idea, especially if longevity was not likely. If I were in a lower tax bracket, I might use the Vanguard high yield corporate bund fund as a proxy for an annuity. Say a 100k annuity paid out 6 % yearly and was guaranteed for life, the 100k would be lost to me forever....
by SGM
Sun Sep 25, 2011 10:49 pm
Forum: Personal Consumer Issues
Topic: Poconos, Anyone?
Replies: 5
Views: 986

We enjoyed our stay at Mountain Spring Lake Resort. Bushkill Falls is pretty. I hiked in the Delaware Water Gap while in college. As new empty nesters we explored there a few years ago and found a nice little community theater and a few interesting antique shops. Years ago: We had a wonderful extend...
by SGM
Sun Sep 25, 2011 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: WAMU Class Action Security Litigation Settlement
Replies: 10
Views: 1781

The letter is legit. I had the same question... should I black out my acct number in the proof of purchase and sale. You have to give ssn, so they can report it to IRS.
by SGM
Sun Sep 25, 2011 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Annuity for Surviving Spouse
Replies: 14
Views: 1119

I am not an insurance salesman nor do I work for USAA. I found the FRSA good for my purposes and am very happy with the 4% I am getting tax deferred. Interest rates have dropped considerably, so I have stopped contributing new money to it. I think the extended guarantee is paying 3.1%. I have though...
by SGM
Fri Sep 23, 2011 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: TLH & UTMA accounts
Replies: 1
Views: 364

If the family is subject to the kiddie tax and the kids have capital gains, I believe the TLH will accrue to you as in less taxes. I recall having done this before. Kids are out of the house now. Now if the child has no capital gain, maybe it will just be used on the child’s 1040, to be used against...
by SGM
Sun Sep 18, 2011 11:53 am
Forum: Investing - Theory, News & General
Topic: 'Indexing Extremists"
Replies: 134
Views: 12051

Interesting article and responses, does the author have an agenda? It is possible. Some good arguments were made to that effect. Indexing produces market results, not superior results. But very few funds beat the market. I buy that 100%. I think most Bogleheads are aware of recency bias. Most posts ...
by SGM
Sat Sep 10, 2011 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Starting a 529 for niece?
Replies: 16
Views: 3933

We have used Maryland's plan which has done fairly well. The wiki boglehead section on college savings is helpful. Our withdrawls were done directly to the beneficiaries and they paid the tuition. We remained account holders, but you don't have to be the account holder.
by SGM
Thu Sep 08, 2011 7:15 pm
Forum: Investing - Theory, News & General
Topic: Laura's Latest Forbes Column
Replies: 29
Views: 3555

I look forward to people pointing out articles based on the Bogle philosophy. It is helpful to me and I have been investing with some success for over 30 years. My immediate thought when I saw Mel was pointing out an article was "Great, that saves me from surfing through another site to find helpfui...
by SGM
Fri Sep 02, 2011 4:55 am
Forum: Investing - Theory, News & General
Topic: Poll: Individual Stocks
Replies: 34
Views: 4347

I still hold majority individual stocks, but I am putting new money into funds and have changed AA to include more low ER bonds, small cap, reit and index funds. I always bought a little more on the dips, but dollar cost averaged. I have been very happy at not having to pay any ongoing expenses hold...
by SGM
Fri Sep 02, 2011 4:03 am
Forum: Personal Finance (Not Investing)
Topic: Best career advice anyone ever gave you
Replies: 63
Views: 8660

Latecomer wrote:Remember: you meet the same people on the way up as you do on the way down.

It's the same way every day in the sewer Ralph. (Ed Norton)
by SGM
Wed Aug 24, 2011 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: 25-40 year period with miserable returns for any VF????
Replies: 9
Views: 1927

I shared some coffee with my bud who invested a thou in a vanguard fund some time after my initial post. I did mention the fee of $20 per year or 20% over the last ten years for too low a level of investment in vanguard. I think they will close the fund, rather than add to it. When the husband said,...
by SGM
Sat Aug 20, 2011 6:05 am
Forum: Investing - Help with Personal Investments
Topic: Help for a friend retiring at 65 after a huge 50+ loss in 08
Replies: 29
Views: 5142

BS about "not advising anyone." You don't know anything about me. I am more qualified than the majority of advisors out there, by a long shot. My reluctance to advise, in this particular situation, is that the individual has lost so much and has so little time and income to make up for it. I am sens...
by SGM
Fri Aug 19, 2011 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Help for a friend retiring at 65 after a huge 50+ loss in 08
Replies: 29
Views: 5142

I am being very cautious in advising this gentleman. There is no union. The choice for him is to work extra hours without pay or not eat lunch, as he sees it. Most everyone else takes lunch and gets their work done. However, this individual takes his responsibilities more seriously than others in hi...
by SGM
Fri Aug 19, 2011 5:27 am
Forum: Investing - Help with Personal Investments
Topic: Help for a friend retiring at 65 after a huge 50+ loss in 08
Replies: 29
Views: 5142

Gentleman in question is very hard working. He works through lunch at a very stressfull institution. He is one of the most responsible and intelligent employees, in his chosen vocation, at the institution. I don't know a lot of personal information about him, but will be talking to him today. I don'...