Search found 2064 matches

by ResNullius
Sun Mar 03, 2013 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Surprised at actual marginal tax rate
Replies: 32
Views: 3473

Re: Surprised at actual marginal tax rate

I gave up long ago trying to figure out the tax laws. When I worked, I worked as hard as I could in order to earn as much as I could. Now that I'm retired, I try to keep my taxes as low as I can, but there isn't much I can do. Last year, I was in the 25% marginal bracket, but my effective rate was 1...
by ResNullius
Sat Mar 02, 2013 7:06 pm
Forum: Personal Consumer Issues
Topic: iMac or PC (windows)
Replies: 46
Views: 3497

Re: iMac or PC (windows)

Thanks to all for comments. I also have an iPad, which seems really strange to use, but that's because I'm so used to my Windows XP operating system and Office/Outlook. My brother use to be a computer whiz, and he's always used PCs, but he told me today that his next computer will be an Apple. He's ...
by ResNullius
Sat Mar 02, 2013 1:59 pm
Forum: Personal Consumer Issues
Topic: iMac or PC (windows)
Replies: 46
Views: 3497

iMac or PC (windows)

I'm going to neet to get a new computer in the not to distant future. I want to use my remaining AmEx Reward Points, and I have almost 300K points. I've always used Windows, with Microsoft Office. I'm fully retired. All I do is surf the net and use e-mail, and google for stuff. I might do a letter o...
by ResNullius
Sat Mar 02, 2013 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Investing Inheritance
Replies: 19
Views: 2776

Re: Investing Inheritance

A lot of details could change the answers to your question, but without knowing those details, I would suggest that you put $400K in either (or split) SP500 index or Total Market index at Vanguard, with the other $100K in the short term investment grade bond fund at Vanguard. This should generate an...
by ResNullius
Fri Mar 01, 2013 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Nursing as a career: Bogleheads' perspective?
Replies: 34
Views: 4803

Re: Nursing as a career: Bogleheads' perspective?

PreemieNurse, it was a pleasure to read you reply.
by ResNullius
Fri Mar 01, 2013 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Current federal budget crisis and retirement portfolio
Replies: 11
Views: 895

Re: Current federal budget crisis and retirement portfolio

Seriously, the wind that blows is all that knows.
by ResNullius
Fri Mar 01, 2013 10:27 am
Forum: Personal Consumer Issues
Topic: Supporting a parent?
Replies: 12
Views: 1595

Re: Supporting a parent?

Given his age, have you considered just putting him in a retirement-type home setting, where all his needs will be met, and you could pick a location that meets everyone's needs. It sounds like he's going to end up in one of these places anyway, and 77 is a good time to make such a move. I'm not su...
by ResNullius
Fri Mar 01, 2013 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage options -- thoughts?
Replies: 21
Views: 1822

Re: Mortgage options -- thoughts?

Unless you pay 20% down, the bank likely will require you to purchase mortgage insurance, which can add quite a bit to your monthly payment. Mortgage insurance is like term life, only it cost about 5 times as much. You want to avoid mortgage insurance whenever possible. If you want insurance, pay th...
by ResNullius
Fri Mar 01, 2013 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Nursing as a career: Bogleheads' perspective?
Replies: 34
Views: 4803

Re: Nursing as a career: Bogleheads' perspective?

Congrats on both the MDiv and the RN. Given your wife's situation, I think you'll end up living wherever she can get a tenure track position. Otherwise, you'll end up living where she can get a contract position. Either way, I think your best bet will be hospital work, hopefully at a hospital connec...
by ResNullius
Thu Feb 28, 2013 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: The Economics of a Second Home
Replies: 33
Views: 4778

Re: The Economics of a Second Home

You have this figured out fairly well.
by ResNullius
Thu Feb 28, 2013 6:43 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads, why is this taboo? [Use Leverage in a Portfolio]
Replies: 189
Views: 22364

Re: Bogleheads, why is this taboo?

Investing is sort of like gambling, only there might be a slight amount of skill involved in gambling. Using leverage just makes the potential for bad things to happen much greater. Buy and hold, stay the course, live below your means, save and invest, and all those quaint phrases actually do mean s...
by ResNullius
Thu Feb 28, 2013 3:57 pm
Forum: Personal Consumer Issues
Topic: Supporting a parent?
Replies: 12
Views: 1595

Re: Supporting a parent?

Some more perspective. My father lived 4 hours away at our old ski house. After selling his dental practice he was looking for a life of leisure...skiing, golf. He smoked like a fiend for 30 years than suddenly quit. Then he took drinking to another level. He had a very concentrated stock portfolio...
by ResNullius
Thu Feb 28, 2013 12:50 pm
Forum: Personal Consumer Issues
Topic: Supporting a parent?
Replies: 12
Views: 1595

Re: Supporting a parent?

That really is an impossible question for anyone else to answer. It depends on so many things that aren't mentioned in your posting. If it doesn't make any real difference to you and your family's finances and financial security, then why not pay it...would be one way of looking at it. If you don't ...
by ResNullius
Thu Feb 28, 2013 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Which Med school?
Replies: 162
Views: 23174

Re: Which Med school?

Well, I'm not a physician, but my wife is. I'm a recovering/retired attorney. In my view, anyone seriously considering starting medical school today needs to think long and hard about what they are getting ready to do. The time it takes, the money it takes, the energy it takes is huge. Start today, ...
by ResNullius
Thu Feb 28, 2013 9:07 am
Forum: Investing - Theory, News & General
Topic: what low real rates mean for stock returns
Replies: 47
Views: 4792

Re: what low real rates mean for stock returns

There have been threads posted here in the past although I think it's been a while; I'm curious if Bogleheads are counting on anything more than 3-3.5% real return for investments into the foreseeable future. And for those of us in the 50/50 camp, I'm wondering if anyone is using more than 2.5% in ...
by ResNullius
Thu Feb 28, 2013 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Grad school loans, savings, and more
Replies: 23
Views: 2041

Re: Grad school loans, savings, and more

Congrats! At a time when my friends are struggling to find good law jobs, you seem to be doing pretty good. If I were in your situation, I would: - 6 month EF of living expenses - max out traditional 401k - live on minimal possible lifestyle (cut out whatever is in your control) - pay off the loan ...
by ResNullius
Tue Feb 26, 2013 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage if salary decreases despite CPI
Replies: 8
Views: 1125

Re: Pay off mortgage if salary decreases despite CPI

At your age and distance from retirment, I would not draw down from retirement accounts in order to pay off the mortgage, particularly a mortgage with such a low interest rate. As for future retirement contributions, I would continue to make them per schedule, but I would work hard to find extra mon...
by ResNullius
Tue Feb 26, 2013 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: How to take Retirement Account Income
Replies: 9
Views: 1331

Re: How to take Retirement Account Income

I am 60 years old and retiring. I will have a retirement portfolio made up largely of tax-deferred money. I'm somewhat unsure how to setup the accounts for taking income. The tax-deferred portfolio will generate interest income about twice my spending need. Should I take interest, dividends, capita...
by ResNullius
Tue Feb 26, 2013 10:28 am
Forum: Investing - Theory, News & General
Topic: Goodbye to the free lunch of international diversification
Replies: 62
Views: 6847

Re: Goodbye to the free lunch of international diversificati

I've never seen any reason to include an international/foreign fund in our portfolio. Just stick with SP500 and Total Market and you get plenty of diversification, with a large dose of international exposure via multi-nationals. The US has problems, but nowhere near as bad as the rest of the world. ...
by ResNullius
Mon Feb 25, 2013 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Boglehead answer compared to a stock broker's
Replies: 32
Views: 2957

Re: Boglehead answer compared to a stock broker's

You know I never considered that! You are correct, he's going to jump around. They all do and what little you may have to invest could be and should be used in many better ways and won't make him rich. I do have some money from old roll over IRA accounts from years prior to my knowledge of the Bogl...
by ResNullius
Mon Feb 25, 2013 11:39 am
Forum: Investing - Theory, News & General
Topic: Allan Roth's 5% income strategy
Replies: 34
Views: 4350

Re: Allan Roth's 5% income strategy

Rick Ferri wrote:Leave it to Allan Roth to come up with a new way to get 5% income from your retirement portfolio:

How to build a better 5 percent income fund

Rick Ferri
Ok, Rick. Tell us what you think about this. Just curious and, since you posted it, I just thought I would ask. Thanks.
by ResNullius
Sun Feb 24, 2013 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Should 85 year old married male buy an SPIA?
Replies: 29
Views: 2326

Re: Should 85 year old married male buy an SPIA?

Two pensions and SS have been enough to cover all of his living expenses for the past several years and anticipated to continue so in future. No. Do not consider an SPIA. Keith I agree. The banker or whatever he is only wants a commission, either that or his just plain stupid. They have all the mon...
by ResNullius
Sun Feb 24, 2013 10:30 am
Forum: Investing - Theory, News & General
Topic: Leveraged index funds (long term)
Replies: 44
Views: 3223

Re: Leveraged index funds (long term)

Are there any leveraged stock index funds that are appropriate for the long term (leveraged ETFs rebalance daily and will lead to poor results). I'm young and would love to increase my exposure to equities and am willing to increase my risk to do so. Sounds like a good way to be broke for the rest ...
by ResNullius
Sun Feb 24, 2013 10:28 am
Forum: Investing - Theory, News & General
Topic: size of accounts, number of accounts
Replies: 11
Views: 1066

Re: size of accounts, number of accounts

We have one account, or two depending on how you look at it. 97% of our portfolio is invested via Vangaurd funds (2 IRAs and 1 taxable account). The other 3% is in cash in a Bank of America MM savings account. I would like to keep the cash in Vanguard, but Prime MM is paying close to zero, while BOA...
by ResNullius
Sun Feb 24, 2013 10:17 am
Forum: Investing - Help with Personal Investments
Topic: New Retiree [Portfolio Help with Retirement Package]
Replies: 3
Views: 531

Re: New Retiree [Portfolio Help with Retirement Package]

You look to be in very good shape, but not good enough to support the yearly income level you seek. You probably should at least work part-time, assuming something reasonable is available to you. Regardless, you probably should be rethinking your spending levels. Just my two cents. As for 4% from ta...
by ResNullius
Sat Feb 23, 2013 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Well compensated, not so knowledgeable Dr.=Beginner
Replies: 107
Views: 11490

Re: Well compensated, not so knowledgeable Dr.=BEGINNER!

I would pay off the mortgage right away, then put a huge chunk of your available money into Vanguard tax-exempt. I would stay on the shorter side to reduce risk. I also would put some money in SP500 and Total Market. These index funds are much less risky than buying a commerical building. Personally...
by ResNullius
Sat Feb 23, 2013 11:58 am
Forum: Investing - Theory, News & General
Topic: Retirement models and Black Swans
Replies: 41
Views: 2594

Re: Retirement models and Black Swans

So what's the Black Swan? Is it the market collapse in starting in March 2000, or was it the market runaway during the prior 8 to 10 years?
by ResNullius
Sat Feb 23, 2013 9:11 am
Forum: Personal Consumer Issues
Topic: Worldofwatches
Replies: 9
Views: 1297

Re: Worldofwatches

I don't even have a watch anymore. It's wonderful.
by ResNullius
Fri Feb 22, 2013 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Metlife Variable Annuity Qs
Replies: 14
Views: 3554

Re: Metlife Variable Annuity Qs

I would not try to talk your friend into or out of the variable annuity or becomming a BH. The most I would say is that you don't personally care for variable annuities and that you are a BH. Leave the rest to him. As soon as you talk him into anything, something will happen to lower the value of hi...
by ResNullius
Thu Feb 21, 2013 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Inflation.....I have not seen much in 10 years
Replies: 56
Views: 3830

Re: Inflation.....I have not seen much in 10 years

I guess we live in an alternate universe, because inflation certainly has been noticable to me. Grocery store charges are way up. Restaurant (including beverages) are way up. Utilities are up. Phone is up. Until I went on Medicare, my individual policy was skyhigh compared to 10 years ago. In short,...
by ResNullius
Thu Feb 21, 2013 11:04 am
Forum: Investing - Theory, News & General
Topic: Just Can't Trust BOA
Replies: 25
Views: 2935

Re: Just Can't Trust BOA

sscritic wrote:
ResNullius wrote: I kept the money in Vanguard's PMM account, which paid virtually zero.
How much higher is the yield on Prime MM now than it was in November?
Well, I just looked. Vanguard has dropped down to .01%. I still am pissed at BOA, rightly or wrongly so.
by ResNullius
Thu Feb 21, 2013 10:52 am
Forum: Investing - Theory, News & General
Topic: Just Can't Trust BOA
Replies: 25
Views: 2935

Re: Just Can't Trust BOA

Why don't you move your cash to TD Bank? They offer no fee checking with very low min, $100. I have a certain amount of our overall portfolio that I keep in cash. Prior to moving it to BOA, I kept the money in Vanguard's PMM account, which paid virtually zero. I already had my checking and cash bac...
by ResNullius
Thu Feb 21, 2013 10:38 am
Forum: Investing - Theory, News & General
Topic: Just Can't Trust BOA
Replies: 25
Views: 2935

Just Can't Trust BOA

I keep my cash in a FDIC-insured MM savings account at Bank of America. When I opened the account about 6 months ago, the account paid .4%. A couple of months ago, it dropped to .3%, then I just noticed today that it had dropped to .2%, all while interest rates have been going up. Also, by maintaini...
by ResNullius
Wed Feb 20, 2013 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: Investment etiquette (beginner)
Replies: 23
Views: 1959

Re: Investment etiquette (beginner)

Hello jab788, this is from your post last April-- He guaranteed that I would have my money back this summer, and I would “probably” be making at least $100k this year. Guaranteed? We can see that didn't work out, but now you are in a situation where asking for your investment back may not endear yo...
by ResNullius
Wed Feb 20, 2013 3:50 pm
Forum: Investing - Theory, News & General
Topic: Married Boomers Better Retirement Savers
Replies: 26
Views: 2017

Re: Married Boomers Better Retirement Savers

You also have someone to talk some sense into you when you are drooling over that new corvette. Good timing MathWizard. I was at the Chevy dealer this morning looking at Corvettes (im 65) for a long road trip. Of course i have no intentions of telling my wife. I bought a Corvette 35 years ago and j...
by ResNullius
Wed Feb 20, 2013 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Can I stop saving and just coast now? (Early retirement)
Replies: 38
Views: 3878

Re: Can I stop saving and just coast now? (Early retirement)

I found only a few of the replies to be totally obnoxious, which is about par for the course. On the other hand, there were more than a few that were very, very judgmental, which is also about par for the course. I think all of us, myself included, should think before we push submit.
by ResNullius
Wed Feb 20, 2013 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Investment etiquette (beginner)
Replies: 23
Views: 1959

Re: Investment etiquette (beginner)

I hope you at least have a good job with good pay and benefits from the company. The whole thing sounds very fishy to me, but what do I know.
by ResNullius
Mon Feb 18, 2013 11:34 am
Forum: Investing - Theory, News & General
Topic: Do nominal bonds pay an inflation risk premium?
Replies: 32
Views: 2687

Re: Do nominal bonds pay an inflation risk premium?

This is one of the things that has confused me for years about TIPS. Investment grade bonds, and all other non-TIP bonds, obviously include in their yield at issuance some factor to cover the expected and unexpected inflation risk over the duration of the bond. It only makes sense. Same for the stoc...
by ResNullius
Sun Feb 17, 2013 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: [Who owns] TIPS
Replies: 37
Views: 3963

Re: [Who owns] TIPS

I'm fully retired, with about 60% in fixed assets, two-thirds short-term investment grade and one-third intermediate term, with a chunk in MM (which is included in the 60% fixed). I don't own any TIPS, and I'm not inclined to, partly because I just don't fully understand how they work. A negative yi...
by ResNullius
Sat Feb 16, 2013 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down mortgage?
Replies: 50
Views: 5069

Re: Pay down mortgage?

I would pay off the mortgage. Also, you seem to be in great shape for folks your age and circumstances. Good luck.
by ResNullius
Sat Feb 16, 2013 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: What percentage do you keep in risk free assets ?
Replies: 46
Views: 3446

Re: What percentage do you keep in risk free assets ?

Larger point being, look at the whole enchilada. If you feel most comfortable having 2 years of cash, fine. But if you look at your entire liquid holdings and you are in fact 20/80 when looked at from that perspective, you are even more exposed to inflation risk than first blush would suggest. But ...
by ResNullius
Sat Feb 16, 2013 10:52 am
Forum: Investing - Help with Personal Investments
Topic: What percentage do you keep in risk free assets ?
Replies: 46
Views: 3446

Re: What percentage do you keep in risk free assets ?

At the time I retired, now 12 years ago, I was holding 70/30 stocks to bonds. I shortly after dropped to 60/40. However when the stuff hit the fan, like everyone eolse I didn't like the anxiety. So now I'm rebalanced at 40/50/10, and keep 10 in Vanguard Prime MM. I wouldn't call it risk free, but I...
by ResNullius
Sat Feb 16, 2013 10:50 am
Forum: Investing - Help with Personal Investments
Topic: What percentage do you keep in risk free assets ?
Replies: 46
Views: 3446

Re: What percentage do you keep in risk free assets ?

Bustoff, I am several years from retirement. However, I see no problem with a retiree keeping up to a few years of living expenses in cash. The cash can be used to pay living expenses and taxes. In a period with very low rates like today, there is little penalty in doing this (as dbr has noted). Wh...
by ResNullius
Sat Feb 16, 2013 10:17 am
Forum: Investing - Help with Personal Investments
Topic: What percentage do you keep in risk free assets ?
Replies: 46
Views: 3446

Re: What percentage do you keep in risk free assets ?

I don't know whether the math supports this or not, but we have about 3 years of cash in a MM account, which when added to our SS covers our entire living expenses and taxes. It started at 4 years, but the plan is to use it for expenses until it drops down to 2 years, then replinish back to 4 years....
by ResNullius
Sat Feb 16, 2013 9:18 am
Forum: Investing - Theory, News & General
Topic: Proposed tax exemption for North Carolina retirees
Replies: 10
Views: 1151

Re: Proposed tax exemption for North Carolina retirees

House Bill 96 would gradually extend the exemption from state income taxes that currently is enjoyed by North Carolina state and local governmental retirees and Federal retirees who were vested prior to August 12, 1989 to all state, local and Federal government retirees who vested after August, 198...
by ResNullius
Fri Feb 15, 2013 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Does This Pass the Sniff Test?
Replies: 32
Views: 2699

Re: Does This Pass the Sniff Test?

Clear enough...I did not clearly state the facts enough...however I think a re-reading of the thread one could reasonably understand/infer that I am on SSDI and my wife can claim on my SSDI @ 62...mea culpa...in the future I will try to be more precise...however I do appreciate everyones opinion......
by ResNullius
Fri Feb 15, 2013 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Does This Pass the Sniff Test?
Replies: 32
Views: 2699

Re: Does This Pass the Sniff Test?

SSDI benefit is $2,571 a month ( 30,852 Annually)...@62 wife draws on SSDI 2,439 a month (29,268 Annually) = $60,120 Anually I still don't understand your calculations. Your wife would be entitled to no more than half of your total beneft, probably less, which would mean at most $45K, unless I'm mi...
by ResNullius
Fri Feb 15, 2013 10:50 am
Forum: Investing - Theory, News & General
Topic: Is 3% the new safe withdrawal rate for retirees?
Replies: 101
Views: 9550

Re: Is 3% the new safe withdrawal rate for retirees?

It's interesting to me how much effort goes into figuring out what a 100% successful withdrawal rate might be, when 95% to 99% allows for a much higher withdrawal rate. In life, there isn't anything that 100% certain other than death. We all have lived our respective lives pursuing education, jobs, ...
by ResNullius
Thu Feb 14, 2013 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap Plan G vs Plan F?
Replies: 107
Views: 33401

Re: Medigap Plan G vs Plan F?

No offense intended, but I don't see that there's a whole lot of difference.