Bogleheads.org

palanzo

Until now, I didn't know TIPS track CPI-U And Social Security tracks CPI-W, to muddy the waters even further. So Social Security and TIPS aren't exact substitutes for one another. I didn't know that, either. Why in the world doesn't SS track CPI-E? If you look at the BLS pages I'm not sure any of t...

palanzo

Well I work in fintech, and starting building websites for a mutual fund company in the late 90s. As a customer, I can’t stand when sites are re-designed just for the sake of satisfying some techies in their tech team. Customers get used to a workflow and this should be changed based on SPECIFIC cu...

palanzo

Well I work in fintech, and starting building websites for a mutual fund company in the late 90s. As a customer, I can’t stand when sites are re-designed just for the sake of satisfying some techies in their tech team. Customers get used to a workflow and this should be changed based on SPECIFIC cu...

palanzo

Yes, that would be for people who filed 2020 early. I am referring to those who miss this first wave of third stimulus and file 2020 later. American Rescue Plan Act of 2021 https://www.congress.gov/bill/117th-congress/house-bill/1319/text Got it. However there are not just two waves. The IRS is sen...

palanzo

There will be a second wave later this year for those who filed 2020 tax returns timely and qualify based on 2020. Then again there will a rebate claim available on 2021 tax return if you qualify based on 2021. This is not the case. I have first hand knowledge of people who filed their 2020 returns...

palanzo

There will be a second wave later this year for those who filed 2020 tax returns timely and qualify based on 2020. Then again there will a rebate claim available on 2021 tax return if you qualify based on 2021. This is not the case. I have first hand knowledge of people who filed their 2020 returns...

palanzo

There will be a second wave later this year for those who filed 2020 tax returns timely and qualify based on 2020. Then again there will a rebate claim available on 2021 tax return if you qualify based on 2021. This is not the case. I have first hand knowledge of people who filed their 2020 returns...

palanzo

Got it. Also, what is the reason for keeping all your TIPS short-term? Lower the duration of the barbell. I am intrigued by your portfolio, and am considering something similar. If not too much to ask, would you mind sharing a brief summary of your thoughts behind your overall strategy and purpose ...

palanzo

gr7070 wrote: I've somewhat referred back to my less knowledgeable self to stick with total bond and will likely add in some sTIPS. I haven't come across anything compelling to do otherwise. 1+ I think your less knowledgeable self is actually more knowledgeable and wiser. Personally I believe that ...

palanzo

It seems reasonable to me that retirees should choose a quality bond portfolio that balances yield with volatility (barbell duration, TBM, or intermediate term) and adds inflation protection with ST TIPS with or without an emergency fund. That portfolio is not only safe but also much more stable in...

palanzo

gr7070 wrote: I've somewhat referred back to my less knowledgeable self to stick with total bond and will likely add in some sTIPS. I haven't come across anything compelling to do otherwise. 1+ I think your less knowledgeable self is actually more knowledgeable and wiser. Personally I believe that ...

palanzo

Last year I picked up a Chase Sapphire Reserve card. The largest benefits for us were the intro bonus and the Priority Pass lounge membership. As I contemplate renewing or canceling the card at the one year mark, I noticed my Priority Pass membership is listed as expiring in 2023. Does anyone know ...

palanzo

Last year I picked up a Chase Sapphire Reserve card. The largest benefits for us were the intro bonus and the Priority Pass lounge membership. As I contemplate renewing or canceling the card at the one year mark, I noticed my Priority Pass membership is listed as expiring in 2023. Does anyone know ...

palanzo

Here's my record for the last 2-3 months: - 1 letter lost (this was an ebay sale, so I ate the loss) - 2 other letters took over 3 wks to travel a few states over - 2 letters returned with yellow sticker saying no such address (they were valid) - brokerage informed me a 1099 was returned and that I...

palanzo

crystalbank wrote: ↑Wed Mar 10, 2021 6:54 pm Responded to CP2000 notice using certified mail two weeks ago. Still hasn't reached the IRS according to postal tracking. Brilliant.

Maybe we should have the European Postal services take over USPS?

palanzo

Here's my record for the last 2-3 months: - 1 letter lost (this was an ebay sale, so I ate the loss) - 2 other letters took over 3 wks to travel a few states over - 2 letters returned with yellow sticker saying no such address (they were valid) - brokerage informed me a 1099 was returned and that I...

palanzo

If it were me, i'd keep the 400K cash, take the lump sum and put everything except the 400 cash in VTI. Then i'd retire. You only need about 2-3% to cover expenses. Sell stock when stocks are high and use cash when stocks are low for your yearly withdrawals. Id put it in Fidelity or Schwab or Vangu...

palanzo

If it were me, i'd keep the 400K cash, take the lump sum and put everything except the 400 cash in VTI. Then i'd retire. You only need about 2-3% to cover expenses. Sell stock when stocks are high and use cash when stocks are low for your yearly withdrawals. Id put it in Fidelity or Schwab or Vangu...

palanzo

I thought you were referring to Comcrap but it seems you are referring to AT&T. I would carefully consider taking an annuity from this kind of company. Perhaps taking the lump sum and investing your self would be safer. The pension annuity is issued by an insurance company and not the employer....

palanzo

Wow. Thanks so much for all the advice so far. I'm already breathing better, no joke! The company I work for is widely known on Wall Street for having on the BIGGEST debt sheets (approx. 170 billion). That is why they are cutting management even more aggressively now than in previous years, reducin...

palanzo

I see how they could take away the annuity. This is a fortune 30 Telecom company that is going to take his/her accrued retiree benefits away if he/she doesn't retire by the end of the year. They can take away medical, but not the money. I also want to point out that they can drop the medical benefi...

palanzo

You joined Bogleheads four years ago and went to Edward Jones. You should definitely go with the annuity. Once it kicks in I don't see how it can be reduced by your ex employer? You have enough assets so no need to panic. Spend the next few months figuring things out. Don't make any big financial m...

palanzo

Maybe my math is off here, and you still have potential issues with sequence of returns but if you have 25X expenses saved and are using a 4% SWR wouldn't a 1% real return give you ~31 years of withdrawals? If you retire at 60, even a 0% real return gives you 25 years which is longer than the life ...

palanzo

Small Law Survivor: My partner is a PAS investor. Several years ago, she had a problem with PAS. Vanguard flew her PAS representative to Miami to fix the problem. Taylor Jack Bogle's Words of Wisdom : "The best advisors can help you develop a long-range investment strategy and an intelligent p...

palanzo

So, just so I understand your point of view, are you suggesting that investors whose horizon recommends Long Term bonds, should NOT hold an LTT fund because of the possibility that they become permanently disabled? No, I was just using disability as one example of why time horizon is not a determin...

palanzo

Mudpuppy wrote: ↑Sun Mar 07, 2021 11:03 pm I am a simple tech person. I see page fault, I think bad RAM and run a memory test. Has a memory test been run?

I suggested running Apple Diagnostics upthread.

palanzo

Kernel panic is an old piece of unix jargon. The kernel is the most central part of the operating system, and that is the thing that was panicking. Typically it means that the kernel has gotten confused and that the safest thing to do is to stop working. That's preferable to having the kernel scrib...

palanzo

First thing is to completely remove any Symantec applications. I just want to second this advice in case it gets lots in the noise. Third-party virus "protection" software almost always makes your system worse, not better. Even if you actually got a virus I'd recommend clean reinstall ins...

palanzo

ResearchMed wrote: ↑Sun Mar 07, 2021 4:52 pm
palanzo wrote: ↑Sun Mar 07, 2021 4:17 pm I already have your SSN and Amex. So we are good.
Hmmm.

Maybe "panic" was appropriate after all
Anything else you need today?

RM

Ummm reply to my PM? Run the command above?

palanzo

I assume you have no Apple support at this point? I'd first make sure all my data was safe. I used a Mac at work for many years but never experienced any problems, but I believe there are Apple Diagnostics you can run to try to identify hardware problems so I'd do that. If nothing showed up I might...

palanzo

Please run the following in Terminal and send me the results. kextstat | grep -v com.apple Do you also want my SS # and Amex Plat? Just kidding, i think... :confused To be more clear, I have no idea what that is, or what "Terminal" means in this context. Although DH is far more familiar w...

palanzo

Is my Mac dying? I'm a relatively new Mac user, since last spring, using DH's older (but not ancient) Mac, after my Lenovo went belly up (that was much older). Last night, the screen abruptly went totally black. A bit later (several seconds?, not minutes), there was some tiny white text, and then t...

palanzo

Is my Mac dying? I'm a relatively new Mac user, since last spring, using DH's older (but not ancient) Mac, after my Lenovo went belly up (that was much older). Last night, the screen abruptly went totally black. A bit later (several seconds?, not minutes), there was some tiny white text, and then t...

palanzo

livesoft wrote: ↑Sun Mar 07, 2021 1:46 pm Create a full backup now ... just in case.

That is always good advice! Time Machine.

palanzo

Is my Mac dying? I'm a relatively new Mac user, since last spring, using DH's older (but not ancient) Mac, after my Lenovo went belly up (that was much older). Last night, the screen abruptly went totally black. A bit later (several seconds?, not minutes), there was some tiny white text, and then t...

palanzo

I assume you have no Apple support at this point? I'd first make sure all my data was safe. I used a Mac at work for many years but never experienced any problems, but I believe there are Apple Diagnostics you can run to try to identify hardware problems so I'd do that. If nothing showed up I might...

palanzo

It's not bashing. It's a realistic assessment of where Vanguard is at the moment. My experience has been the same. Very disappointed. Did you read the rest of the thread, or do you just skim for the comments about how much Vanguard sucks? https://personal.vanguard.com/us/whatweoffer/accountservices...

palanzo

I believe that Vanguard's checks are not actually checks in the legal sense because Vanguard is not a bank. These "checks" are actually "drafts" that are payable via a bank. My Vanguard checks are marked "Payable through WFB, N.A." I suppose WFB is Wells Fargo. So, tha...

palanzo

I'd imagine some of the Vanguard fans here will chime in with comments such as, ... When I read the OP, I was just waiting to see your avatar to pop up to chime in with comment such as... well, what you wrote in your comment :twisted: I am not sure that the OP is being helped with Vanguard bashing....

palanzo

I believe that Vanguard's checks are not actually checks in the legal sense because Vanguard is not a bank. These "checks" are actually "drafts" that are payable via a bank. My Vanguard checks are marked "Payable through WFB, N.A." I suppose WFB is Wells Fargo. So, tha...

palanzo

UpperNwGuy wrote: ↑Fri Mar 05, 2021 6:44 pm My opinion:
— Do banking at banks.
— Do investing at brokerages.
— Don't seek all-in-one solutions.

Why not? Fidelity seems to offer all these services and many seem to be happy with the customer service they provide.

palanzo

I'd imagine some of the Vanguard fans here will chime in with comments such as, "very happy at Vanguard, never needed check writing", or "difficult times with COVID and taxes, these things happen", or "Vanguard is low-cost, what do you expect" or "Vanguard isn't a...

palanzo

A Christmas card I sent in mid December from Orlando, Florida to Southern Ontario, Canada has finally arrived at its destination. On the front it was stamped "Missent to Sri Lanka". That card probably traveled more than most of us have in the past year. One can see how easy it is to make ...

palanzo

Vanguard Short-Term Federal fund (VSGBX) is like better than short term bond index fund. Shorter duration, higher SEC yield, and higher credit quality. Only $3k min investment. Yeah but it is filled with SBA and Fannie Mae and similar bonds. Almost no Treasuries. I know! And yet it barely budged in...

palanzo

I would also add depending on how sensitive she is, and how much she actually has, she could maybe look at their short-term Federal fund (vsgbx&vsgdx) It has 1.8 years of duration, versus one year on the ultra short term bond fund. It has a little better yield, and is about 90% government bonds...

palanzo

My current expectation is that rates will continue to rise and risk assets will go down. If we really experience inflation over 2% for an extended period of time, then I'm increasing my REIT holdings. In my view, REITs might be worse since so much work is going to become "work from home" ...

palanzo

My current expectation is that rates will continue to rise and risk assets will go down. If we really experience inflation over 2% for an extended period of time, then I'm increasing my REIT holdings. In my view, REITs might be worse since so much work is going to become "work from home" ...

palanzo

That's true but what should the retiree do when they need to withdraw from bonds and the LTT are down xx% because of a large increase in rates? It does not matter that the investment horizon is 15 years when you need to withdraw. Retirees plan to withdraw very small amounts over a long time. The ap...

palanzo

Then why not just hold cash equivalents which currently have "less negative" return than bond funds? The TTM for VBILX, which my wife and I hold in our IRAs, is 2.18%. For now, that is good enough for us. We do hold cash and cash equivalents in our taxable accounts. You won't receive 2.18...

palanzo

I think on a more positive note BND volume is trending down to around 100 million shares a month. I think the people that truly value BND will hold on to it even as rates climb above 2 percent. Probably because the majority of those holding bnd are planning on holding it beyond the avg duration of ...

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