Search found 246 matches

by Lancelot
Thu Oct 29, 2015 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Did I make right choice on Pension vs. Lump sum
Replies: 36
Views: 4754

Re: Did I make right choice on Pension vs. Lump sum

I think the OP made a sound decision- providing a known income for two people and security for the eventual survivor. Annuties from companies tend to be a better deal than what we can individually purchase on the market too. Having an secure income stream may also allow the OP to delay receiving SS ...
by Lancelot
Thu Oct 29, 2015 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Changes to SS regulations in new funding bill...
Replies: 154
Views: 14962

Re: Changes to SS regulations in new funding bill...

As I understand it, if the bill passes as is, the strategy known as "restricted application" would still be available to those who have attained age 62 by the end of this calendar year, but the "file and suspend" strategy would be eliminated 180 days after enactment of the bill, even for those who ...
by Lancelot
Wed Oct 28, 2015 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should I claim SS early to avoid Medicare B increase?
Replies: 7
Views: 1115

Re: Should I claim SS early to avoid Medicare B increase?

I know just enough about this to be dangerous, lol, but I believe it's a one time deal. When the SS COLA is reinstated, then the folks that avoided the increase (deducted from their SS payments) will also be subject to the higher premiums, which should lower the overall price. I wouldn't let the "ta...
by Lancelot
Thu Oct 01, 2015 2:30 am
Forum: Personal Finance (Not Investing)
Topic: What is the fairest way to distribute long-term assets in a will?
Replies: 17
Views: 2582

Re: What is the fairest way to distribute long-term assets in a will?

I just went through this (as a beneficiary) do I'll share my thoughts: My sister and I were 50/50 beneficiaries; however, my parents became senile and gifted all the assets to her before their passing. Essentially I was a 50% beneficiary of $0.00. The money wasn't the issue, my sister would not even...
by Lancelot
Tue Sep 09, 2014 9:34 am
Forum: Personal Investments
Topic: Helping Mother In-Law With Retirement Planning
Replies: 36
Views: 2932

Re: Helping Mother In-Law With Retirement Planning

RadAudit wrote:Are you sure you want to get involved with your mother-in-law, her money and her retirement? I can see how this could go South in a big way real fast.
I agree, I wouldn't touch my ex MIL's investments with a ten foot pole.

But then I'm free of all that now :D
by Lancelot
Thu Aug 14, 2014 10:10 pm
Forum: Investing - Theory, News & General
Topic: A financial “guru” for world travelers?
Replies: 18
Views: 2938

Re: A financial “guru” for world travelers?

When I was traveling in South America in the late-1990s, I met a woman who was funding her travels by trading. I don't remember if she was "day" trading or just trading, but she claimed that she was very successful. In the retrospect, I realized that she was riding the NASDAQ wave. I hope she found...
by Lancelot
Wed Aug 13, 2014 8:02 pm
Forum: Personal Consumer Issues
Topic: Where do you buy clothes?
Replies: 105
Views: 15806

Re: Where do you buy clothes?

I've found some real deals on ever so slightly used clothing at second hand shops :D
by Lancelot
Wed Aug 13, 2014 3:56 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 82
Views: 20631

Re: Vanguard: "Social Security: How to decide when it's time

*My Dad took SS at 62 and he is now in his late 80's and pretty healthy. But he simply wasn't comfortable with deferring payments. A bird in the hand... :dollar [OT comment removed by admin LadyGeek] Why would anyone save at age 25 if he "wasn't comfortable with deferring payments"? I put salary in...
by Lancelot
Tue Aug 12, 2014 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 82
Views: 20631

Re: Vanguard: "Social Security: How to decide when it's time

I am going to defer SS with two caveats: 1 If my portfolio took a severe hit, say down 50% I would probably start at FRA. 2 If my health suddenly failed, I'd probably start receiving SS ASAP. Some thing is better than nothing :) (no problem with point 2) IMHO point 1 would indicate that you had not...
by Lancelot
Tue Aug 12, 2014 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 82
Views: 20631

Re: Vanguard: "Social Security: How to decide when it's time

I am going to defer SS with two caveats: 1 If my portfolio took a severe hit, say down 50% I would probably start at FRA. 2 If my health suddenly failed, I'd probably start receiving SS ASAP. Some thing is better than nothing :) Very true! My dad and two uncles never lived long enough to even take ...
by Lancelot
Tue Aug 12, 2014 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Renting forever: financial suicide?
Replies: 135
Views: 33862

Re: Renting forever: financial suicide?

Renting can be more profitable than owning. My suggestion is to find an older landlord of a house/condo that wants no hassle and is sufficiently well off on his own and then rent with him. You'll probably have below market rates for as long as you stay and don't bother the landlord with normal main...
by Lancelot
Tue Aug 12, 2014 9:25 pm
Forum: Personal Consumer Issues
Topic: Motorcycle for short commute?
Replies: 67
Views: 9098

Re: Motorcycle for short commute?

I don't commute but I ride a CBR250r here in Thailand- a hot and humid country. I (almost) always wear levis, an armored jacket, full face helmet and gloves. Its hot when I'm sitting at red lights, but I cool off quickly as soon as the bike starts moving :) http://i1360.photobucket.com/albums/r654/b...
by Lancelot
Tue Aug 12, 2014 9:14 am
Forum: Personal Investments
Topic: If only one Vanguard fund to invest in - what's your call?
Replies: 67
Views: 14326

Re: If only one Vanguard fund to invest in - what's your cal

^ I checked today and it was 60.24% equities. Its also low cost at nine basis points. I really don't see what is wrong with Vanguard Asset Allocation (Balanced Index) if a guy wants to own only one fund...
by Lancelot
Tue Aug 12, 2014 1:07 am
Forum: Investing - Theory, News & General
Topic: A financial “guru” for world travelers?
Replies: 18
Views: 2938

Re: A financial “guru” for world travelers?

I've met many of these financial wizards during my time abroad. Call me skeptical my personal experience is that most of them 'forget' when its their round; don't have small change and want you to spring for a purchase and are charming and entertaining but very light on the actual details of their a...
by Lancelot
Tue Aug 12, 2014 12:46 am
Forum: Personal Investments
Topic: If only one Vanguard fund to invest in - what's your call?
Replies: 67
Views: 14326

Re: If only one Vanguard fund to invest in - what's your cal

^ OK, I'll bite. What's wrong with Vanguard's AA fund?
by Lancelot
Tue Aug 12, 2014 12:35 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 82
Views: 20631

Re: Vanguard: "Social Security: How to decide when it's time

I am going to defer SS with two caveats: 1 If my portfolio took a severe hit, say down 50% I would probably start at FRA. 2 If my health suddenly failed, I'd probably start receiving SS ASAP. Some thing is better than nothing :) This is a good reason to file and suspend at FRA, even if single. If o...
by Lancelot
Tue Aug 12, 2014 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Pension floor drops from 4% to 2.5% -- Time to bail?
Replies: 17
Views: 3384

Re: Pension floor drops from 4% to 2.5% -- Time to bail?

ubermax wrote:It's an employer paid defined benefit plan - you pay zip - what's the problem ?? - and BTW unless I'm missing something "bailing" would necessitate you terminating your employment .
Yep, my thoughts as well. Don't look gift horses in the mouth :)
by Lancelot
Tue Aug 12, 2014 12:24 am
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 806
Views: 160476

Re: Vanguard sued for charging too little

Electric cooperatives are also non profit, owned by their 'Members' (consumers.) If the co-op has a margin (profit is a bad word, LOLs!) its treated as "Capital Credits' A.K.A Retained Earnings and returned with no interest to a Member at some future time, usually around 20 years. They are also paid...
by Lancelot
Mon Aug 11, 2014 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Funding retirement with post tax $...or pre tax $
Replies: 6
Views: 1410

Re: Funding retirement with post tax $...or pre tax $

One common variation on that is to use the zero-income years (or low-income years) prior to starting SocSec to do Roth conversions. If you project your Social Security benefits and RMD amounts (both at whatever age you start them, like 70) and figure the income tax you'll pay on that income, fill th...
by Lancelot
Mon Aug 11, 2014 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 82
Views: 20631

Re: Vanguard: "Social Security: How to decide when it's time

I am going to defer SS with two caveats:

1 If my portfolio took a severe hit, say down 50% I would probably start at FRA.

2 If my health suddenly failed, I'd probably start receiving SS ASAP. Some thing is better than nothing :)
by Lancelot
Mon Aug 11, 2014 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Renting forever: financial suicide?
Replies: 135
Views: 33862

Re: Renting forever: financial suicide?

I've done both, rented and owned. Renting allows freedom to move; ownership might give you a chance at a nice future capital gain. After I ERd, I moved to Asia and I've always rented, rent is cheap and I can't legally own real property in Thailand (in my own name) so why buy. Besides, I like the fre...
by Lancelot
Mon Aug 04, 2014 9:59 pm
Forum: Personal Consumer Issues
Topic: Daily Telegraph: World War One Archive
Replies: 116
Views: 15312

Re: Daily Telegraph: World War One Archive

But reading the Telegraph account every day, it was not so straightforward as they make it sound. It is more like things gradually evolve and unfold over time. No living person at that time could have had any idea of the unprecedented death and destruction to come. Most thought it would be a short,...
by Lancelot
Sun Aug 03, 2014 10:09 pm
Forum: Investing - Theory, News & General
Topic: Suze Orman - Doesn't Like Target Date Funds
Replies: 26
Views: 8208

Re: Suze Orman - Doesn't Like Target Date Funds

Suzie has a good message about getting out of debt and saving for the future. However, some segments of her shows are more theater, like callers asking her permission to spend money on a big ticket item or vacation. Understandable since many people simply aren't into financial planning and really wa...
by Lancelot
Sun Aug 03, 2014 8:51 pm
Forum: Personal Consumer Issues
Topic: Daily Telegraph: World War One Archive
Replies: 116
Views: 15312

Re: Daily Telegraph: World War One Archive

its begun. From Wiki: 5] Belgium's neutrality was guaranteed by Britain under the 1839 Treaty of London; this caused Britain to join the war at the expiration of its ultimatum at 11pm GMT on 4 August. Armies under German generals Alexander von Kluck and Karl von Bülow attacked Belgium on 4 August 19...
by Lancelot
Sat Aug 02, 2014 3:58 am
Forum: Personal Consumer Issues
Topic: Daily Telegraph: World War One Archive
Replies: 116
Views: 15312

Re: Daily Telegraph: World War One Archive

In any case, it was the US that declared war on Germany not the other way round (As in WWII) Dimly recall ships with US citizens aboard were sunk by Germany. Which isn't to say the decision wasn't orchestrated. Lusitania, British passenger liner sunk by German Uboat, 1915. 1,200 drown, including 19...
by Lancelot
Sat Aug 02, 2014 2:07 am
Forum: Personal Consumer Issues
Topic: Daily Telegraph: World War One Archive
Replies: 116
Views: 15312

Re: Daily Telegraph: World War One Archive

At this time, August 2, 1914, the U.S. Is neutral and trades with both sides. Britain was a close trading partner. But, I believe that the U.S. sold tons of wheat to Germany which arrives at their seaports on the North Sea. As you said, Germans are the biggest ethnic group in the U.S. so we should ...
by Lancelot
Sat Aug 02, 2014 1:15 am
Forum: Investing - Theory, News & General
Topic: Are utility stocks no longer safe?
Replies: 22
Views: 2852

Re: Are utility stocks no longer safe?

I like a quote by William J O'Neil "All stocks are bad..." :)

In any case, yeah I have substituted some of my cash bucket for (relatively) higher yielding stocks, including utilities, for some income.

Hard work for a po boy :moneybag :mrgreen:
by Lancelot
Sat Aug 02, 2014 12:51 am
Forum: Personal Consumer Issues
Topic: Daily Telegraph: World War One Archive
Replies: 116
Views: 15312

Re: Daily Telegraph: World War One Archive

Yeah, I like history as well; this is a fascinating read. I have never understood why the US entered the war. Yes, I know unrestricted submarine warfare sinking US ships, the Zimmerman Telegraph and some other conventional arguments. But think about it, a huge chunk of the US population is ethnic Ge...
by Lancelot
Sat Aug 02, 2014 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Banks insist on physical address -- new regulations?
Replies: 28
Views: 19572

Re: Banks insist on physical address -- new regulations?

The requirement for having a physical address is a classic case of government implementing a new regulation/law and the resulting unintended consequences. The Patriot Act along with the new banking acts catch a lot of minnows in the huge government enforcement nets designed to catch billionaire tax ...
by Lancelot
Sat Jul 26, 2014 1:21 am
Forum: Personal Finance (Not Investing)
Topic: negotiating fees with a real estate agent?
Replies: 14
Views: 3068

Re: negotiating fees with a real estate agent?

Yes, I have negotiated fees with a realtor; I asked for a 1% discount and the realtor agreed. However, the realtor quickly brought me a full asking price offer- so sold and never discounted the fee :)

You might consider asking for a discount but rewarding the realtor for excellent service.
by Lancelot
Sun Jul 06, 2014 1:24 am
Forum: Investing - Theory, News & General
Topic: Vanguard - Energy Fund
Replies: 31
Views: 5991

Re: Vanguard - Energy Fund

I've been in Vanguard Energy a couple of times and did OK with my investment. I'd like to get back in but the current prices are too expensive for my liking :D
by Lancelot
Tue Jun 24, 2014 1:24 am
Forum: Personal Finance (Not Investing)
Topic: "Having the wealth transfer conversation"
Replies: 21
Views: 3578

Re: "Having the wealth transfer conversation"

In my family, we never talked about money -other than SAVE- or inheritance. I am the eldest child and one sibling eight years younger than me. My parents did try as much as humanly possible to treat and love us equally. Long story short, both parents suffered memory issues, Mom with dementia and Dad...
by Lancelot
Fri Jan 31, 2014 4:13 am
Forum: Investing - Theory, News & General
Topic: Option selling vs. buy-and-hold
Replies: 14
Views: 4201

Re: Option selling vs. buy-and-hold

I have always been interested in selling naked puts; however, I have never sold or bought an option. I think a case could be made for selling naked puts on stocks that I want to own any way, just not at the current market price. I suppose I could achieve the same objective with buy limit orders, but...
by Lancelot
Fri Jan 31, 2014 3:43 am
Forum: Personal Finance (Not Investing)
Topic: Banks insist on physical address -- new regulations?
Replies: 28
Views: 19572

Re: Banks insist on physical address -- new regulations?

@OP, some Hero at Capital One nailed me as well with the infamous "Physical Address" issue. One day I could not log onto my account, so I I called Capital One and they said my mailing address was a mail forwarding service. I allowed that was true ans explained that I was traveling on an extended tri...
by Lancelot
Sun Jul 24, 2011 8:55 am
Forum: Personal Investments
Topic: Any Pia V. 2011.2-My benefit decreased slightly...
Replies: 5
Views: 942

Thanks Prune.

Since my wages for the past eight years have been a big fat 0, I figured the AWI was the culprit.

On the plus side, I am learning more about the way my benefit is calculated :)
by Lancelot
Sun Jul 24, 2011 2:45 am
Forum: Personal Consumer Issues
Topic: Non-Vanguard Bond Funds In IRA
Replies: 15
Views: 1681

Living abroad I am keenly aware of currency fluctuations, so I invested a modest amount in Amercan Century International Bond fund as a hedge against a weaker dollar.
by Lancelot
Sun Jul 24, 2011 2:40 am
Forum: Personal Investments
Topic: Anyone follow the 7/12 portfolio?
Replies: 21
Views: 5217

woof755 wrote:After 2008 I only had about 7/12 of my portfolio left.
Ain't that the truth :shock:
by Lancelot
Sun Jul 24, 2011 1:18 am
Forum: Personal Investments
Topic: Transfering Roth IRA to vanguard
Replies: 6
Views: 1305

Shortly before I retired I transfered all of my 401k stock mutual funds to my 401k money market fund. I then rolled that over to Vanguard Prime Money market and from there to VG stock/bond funds.

As other posters have mentioned, its painless and Vanguard will walk you through the process.

Good Luck!
by Lancelot
Sun Jul 24, 2011 12:50 am
Forum: Personal Investments
Topic: Any Pia V. 2011.2-My benefit decreased slightly...
Replies: 5
Views: 942

Any Pia V. 2011.2-My benefit decreased slightly...

Here is a question for all of you SS experts I was Using Any Pia V. 2010.1, to estimate my monthly benefit. Today I down loaded the latest version Any Pia 2011.2 and guess what? My monthly benefit at age 62 decreased by $24. I know the COLA increase in the historical data is 0 for for 2009 and 2010 ...
by Lancelot
Sat Jul 23, 2011 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Ohio "reaching out" to former residents who cash
Replies: 34
Views: 5848

^Live and learn as they say :)

I still use the free Turbo Tax offered by Vanguard; however, I send in my return by snail mail and use my address in Thailand...
by Lancelot
Sat Jul 23, 2011 8:49 am
Forum: Personal Investments
Topic: When does "age in bonds" NOT make sense?
Replies: 35
Views: 7619

IMHO the Age in Bonds is a useful rule of thumb; however, it is a bit rigid and does not allow for different investors appetite for risk. Personally speaking, I would be 100% in stocks (IRA, 401k) from the begining of my career until say my 40s. Market corrections are gut wrenching but thats where t...
by Lancelot
Sat Jul 23, 2011 5:13 am
Forum: Personal Finance (Not Investing)
Topic: Ohio "reaching out" to former residents who cash
Replies: 34
Views: 5848

The long arm of the tax man... I retired in 2003 and moved to Thailand. Vanguard started partnering with Turbo Tax so I started using is to complete my US Income tax return. For some reason, Turbo Tax will only allow you to file electronically IF you use a US postal address. OK, no problema, I used ...
by Lancelot
Sat Feb 12, 2011 2:20 am
Forum: Personal Consumer Issues
Topic: Experience w/ Small Claims Court
Replies: 18
Views: 2567

Small Claims Court-fairly easy to get a judgement; much more difficult to actually receive the cash due you :)
by Lancelot
Sat Feb 12, 2011 1:37 am
Forum: Personal Consumer Issues
Topic: Should I buy an electric car?
Replies: 51
Views: 6320

The Washignton State Legislature is discussing a $100 a year fee for electric vehicles because they don't pay the 37.5 cent a gallon gas tax which goes to pay for roads. So there might be a fee in your future. Paul LOL! Thats progressive legislation :) Instead of happily waiving the tax to encourag...
by Lancelot
Sat Feb 12, 2011 12:27 am
Forum: Personal Investments
Topic: If only one Vanguard fund to invest in - what's your call?
Replies: 67
Views: 14326

Probably Asset Allocation.

As I understand it, the Vanguard determine the best allocation your your investment is three different categories: stocks, bonds or money market.

Sure makes (investing) life simple :roll:
by Lancelot
Sat Feb 12, 2011 12:17 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Passwords
Replies: 65
Views: 10125

Didn't know but not surprising... Last time I checked they were not case sensitive which is a mistake... I just use my case sensitive one anyway :shrug: I entered my pass word in case sensistive mode untill I accidently used all lower caps... and it worked :) All lower caps does make it a bit easy ...