Search found 914 matches

by 1210sda
Sun Jun 28, 2015 7:29 am
Forum: Personal Consumer Issues
Topic: Home cleaning services
Replies: 30
Views: 2807

Re: Home cleaning services

dodecahedron wrote:3) Is the team part of a service that carries liability insurance, workers' comp, and complies with all applicable labor laws?


What liability risks does the homeowner/employer have?

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by 1210sda
Fri Jun 26, 2015 11:11 am
Forum: Investing - Theory, News & General
Topic: Did 2008 change your investing strategy?
Replies: 58
Views: 4544

Re: Did 2008 change your investing strategy?

2008 did not change my strategy (IPS). However, the markets did affect my actual AA big time. My AA target was 60/40 with 5% rebalancing bands. (I don't remember if they were referred to as "bands" back then). At the start of 2008, I was at 64%; since I was within the 5% band, I didn't reb...
by 1210sda
Tue Jun 23, 2015 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Holding a LifeStrategy Fund in a Taxable Account
Replies: 18
Views: 1879

Re: Holding a LifeStrategy Fund in a Taxable Account

If you are going to hold an all-in-one fund in a taxable account, the Target Retirement funds are better than the LifeStrategy funds, because you are less likely to need to sell the fund to change your allocation. If you have LS Moderate Growth and then retire and want to switch to LS Conservative ...
by 1210sda
Tue Jun 23, 2015 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: Holding a LifeStrategy Fund in a Taxable Account
Replies: 18
Views: 1879

Re: Holding a LifeStrategy Fund in a Taxable Account

Using my own numbers (portfolio, tax bracket, etc), I compared the cost of VPAS to the higher expense ratio of Lifestrategy Moderate Growth fund and the higher income tax liability of VSMGX (no Qualified Dividend Income treatement on the Bond dividends) and the VPAS was higher. 1210 The bonds in yo...
by 1210sda
Tue Jun 23, 2015 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: Holding a LifeStrategy Fund in a Taxable Account
Replies: 18
Views: 1879

Re: Holding a LifeStrategy Fund in a Taxable Account

My choices are: 1) Use the 3 Fund Portfolio and have the folks at VPAS manage it at an annual cost of 0.3%(30 bp) or use the Life Strategy Moderate Growth fund(VSMGX) in both taxable and tax advantaged accounts with no one to manage it. Using my own numbers (portfolio, tax bracket, etc), I compared ...
by 1210sda
Tue Jun 23, 2015 7:08 am
Forum: Investing - Theory, News & General
Topic: Robo Advisor for people in retirement
Replies: 8
Views: 1485

Re: Robo Advisor for people in retirement

What is the current thinking about using a Robo Advisor in retirement. The Robo Advisors needs to do RMD, monthly paychecks to checking account and re-balancing. I am interested in simplicity. I currently have VSCGX, Vanguard LifeStrategy Conservative fund (4 fund portfolio). Will a Robo Advisor do...
by 1210sda
Mon Jun 22, 2015 10:37 am
Forum: Personal Finance (Not Investing)
Topic: What percent of your spending is "basic" and what percent is "discretionary"?
Replies: 42
Views: 3765

Re: What percent of your spending is "basic" and what percent is "discretionary"?

I started to do this, but eventually decided that my answer would depend more upon what my definitions were than what my spending was. Kenyan, I understand that this is driven by the definitions(and stage of life too). My thought was that if I get enough of a response, a general pattern would devel...
by 1210sda
Mon Jun 22, 2015 9:08 am
Forum: Personal Finance (Not Investing)
Topic: What percent of your spending is "basic" and what percent is "discretionary"?
Replies: 42
Views: 3765

What percent of your spending is "basic" and what percent is "discretionary"?

I've looked at our actual spending for the last several years and have concluded that about two thirds of our spending is for Basic expenses(food,shelter, etc.) and one third is for discretionary expenses.(Full disclosure:I did include some discretionary expenses in our "basic") :-) There ...
by 1210sda
Sun Jun 21, 2015 12:40 pm
Forum: Investing - Theory, News & General
Topic: The "4% Rule" revisited
Replies: 102
Views: 13133

Re: The "4% Rule" revisited

So, one can either take the position of preparing for the absolute worst case scenarios (i.e., another 1932 or 2000), or one can plan for the 95% most likely scenarios. It really is up to you. Just be aware that the SWR guideline was based on the latter, not the former. Could you explain the underl...
by 1210sda
Sun Jun 21, 2015 7:16 am
Forum: Investing - Theory, News & General
Topic: The "4% Rule" revisited
Replies: 102
Views: 13133

Re: Obvious Flaws in the 4% Rule

randomguy wrote:
You would have to be crazy to follow it or any other plan to the letter for 30+ years.


Agreed.

But, you would also be crazy NOT to use it as a guide......

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by 1210sda
Sat Jun 20, 2015 12:31 pm
Forum: Investing - Theory, News & General
Topic: The "4% Rule" revisited
Replies: 102
Views: 13133

Re: The "4% Rule" revisited

Great post Ron and I agree that Fidelity's Retirement Tool is excellent. Unfortunately, that's where we are going to have divergent opinions. I'm also 67 and near 3.5 years retired now. Investors have been experiencing what is the 4th longest running bull market in history, nearing 6.5 years now. I...
by 1210sda
Fri Jun 19, 2015 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Saving vs Spending in Retirement ~
Replies: 30
Views: 4685

Re: Saving vs Spending in Retirement ~

To quote a famous politician "I feel your pain". It ain't easy. After a lifetime of being in a saving mode, it takes some effort to reverse the role. Hard as it may be, I am making a concerted effort to do a little "fringe" spending. So far so good. To me it's like a Tug-of-War b...
by 1210sda
Fri Jun 19, 2015 10:43 am
Forum: Investing - Theory, News & General
Topic: A Look Inside Jack Bogle's Office
Replies: 27
Views: 4941

Re: A Look Inside Jack Bogle's Office

Mel Lindauer wrote:. And, of course, the famous typewritten Princeton thesis that was the basis for Vanguard and indexing


Mel (or anyone), do you know if Jack's thesis is available on-line?

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by 1210sda
Thu Jun 18, 2015 1:31 pm
Forum: Investing - Theory, News & General
Topic: The "4% Rule" revisited
Replies: 102
Views: 13133

Re: The "4% Rule" revisited

The real thing to understand is that 4% is already a very conservative number... 4% worked during the Great Depression... and 3.7% worked for the unfortunate people who retired in 1966-67... 1966-1982 was 16 years of basically zero stock market gains (DOW was around 1000 in 1966 and still around 10...
by 1210sda
Wed Jun 17, 2015 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey
Replies: 53
Views: 9352

Re: Dave Ramsey

Dave went on a rant yesterday against index investing. He said " why would he want to be just average and match the market performance, even though most actively managed don't beat the market blah blah, why can't I just find the ones that do? It's not that hard people, just google it!" Da...
by 1210sda
Mon Jun 15, 2015 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Nice Milestone Reached Last Week
Replies: 41
Views: 6713

Re: Nice Milestone Reached Last Week

Jane you are a shining example. I know of many millenials who are nowhere close to your accomplishments. But then again, you are a boglehead...:)
Thanks for sharing this with us. It gives me hope for the future.
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by 1210sda
Sun Jun 14, 2015 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - Less than meets the eye
Replies: 56
Views: 6111

Re: Long term care insurance - Less than meets the eye

I'm with randomguy and livesoft. Have a big pile of money. If I'm giving money to the nursing home, I'm no longer giving it to airlines, hotels, and restaurants (unless they deliver to nursing homes). My spouse will be doing the same. If we're both in nursing homes, we can sell our house(s). One mo...
by 1210sda
Fri Jun 12, 2015 9:17 am
Forum: Investing - Theory, News & General
Topic: Set It and Forget It Works!
Replies: 37
Views: 7627

Re: Set It and Forget It Works!

Any tips on how to implement automatic rebalance over multiple accounts? I am thinking along the lines of a python script that logs in and checks your balance periodically. Might be a good project to learn about scripting. Any interest in such a tool? I'm really interested in a tool that automatica...
by 1210sda
Tue Jun 09, 2015 9:37 am
Forum: Investing - Theory, News & General
Topic: Rebalancing
Replies: 41
Views: 3912

Re: Rebalancing

grayfox wrote:50/50 is in the middle. If the expected return of 50/50 met my needs, then it might be a reasonable choice.


Are you saying the expected return is the only consideration in setting AA? Does risk not factor into this?

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by 1210sda
Mon Jun 08, 2015 11:27 am
Forum: Personal Finance (Not Investing)
Topic: How to financially prepare to enjoy your best years?
Replies: 16
Views: 2598

Re: How to financially prepare to enjoy your best years?

In my retirement spreadsheet, I "front loaded" my targeted spending by having a 10% reduction at age 75 and an additional 10% reduction at age 85. I'll be 73 this year, so I'll come back and post on this thread in a couple of years to let you know how it turned out for me. :happy 1210 P.S...
by 1210sda
Mon Jun 08, 2015 9:30 am
Forum: Personal Finance (Not Investing)
Topic: How to financially prepare to enjoy your best years?
Replies: 16
Views: 2598

Re: How to financially prepare to enjoy your best years?

In my retirement spreadsheet, I "front loaded" my targeted spending by having a 10% reduction at age 75 and an additional 10% reduction at age 85. I'll be 73 this year, so I'll come back and post on this thread in a couple of years to let you know how it turned out for me. :happy 1210 P.S....
by 1210sda
Mon Jun 08, 2015 9:23 am
Forum: Investing - Help with Personal Investments
Topic: The final decision
Replies: 13
Views: 2282

Re: The final decision

indexonlyplease wrote: ( I love Vanguard but the fees to buy are high and Schwab funds are free to purchase using my PCRA.
Cliff


Could you please clarify. I wasn't aware that there were fees for buying at Vanguard.
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by 1210sda
Thu Jun 04, 2015 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Kitces - The Ratcheting Safe Withdrawal Rate
Replies: 51
Views: 5377

Re: Kitces - The Ratcheting Safe Withdrawal Rate

Bengen used year by year historical data for returns and inflation, not a single average figure. So, for example, he looked at what would have happened if retirement began in 1926 with a 4% withdrawal, and used the actual annual stock and bond returns and inflation over the next period of time. Rep...
by 1210sda
Thu Jun 04, 2015 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Kitces - The Ratcheting Safe Withdrawal Rate
Replies: 51
Views: 5377

Re: Kitces - The Ratcheting Safe Withdrawal Rate

Bengen used a 10% equity return with 5.1% on 5 year treasury bonds vs. a 3% CPI in his 4% withdrawal rate study. I thought he used history (stocks, bonds and inflation) so that he could capture the "worst case" such as the Great Depression. I thought he had followed a similar approach to ...
by 1210sda
Thu Jun 04, 2015 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Kitces - The Ratcheting Safe Withdrawal Rate
Replies: 51
Views: 5377

Re: Kitces - The Ratcheting Safe Withdrawal Rate

I enjoyed the article. Gives one food for thought. I have two concerns: 1. a 50% increase in the retirement portfolio is not an easy target, especially in the earlier years of retirement. 2. For many retirees, it means needing to use a financial planner annually or at least every few years. The seco...
by 1210sda
Tue Jun 02, 2015 5:27 pm
Forum: Personal Consumer Issues
Topic: Smart phone as a camera only ???
Replies: 17
Views: 1450

Re: Smart phone as a camera only ???

livesoft wrote:I guess one might need to read the manual and practice, too.


What.....read the manual? Are you kidding?? :-)

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by 1210sda
Tue Jun 02, 2015 5:17 pm
Forum: Personal Consumer Issues
Topic: Smart phone as a camera only ???
Replies: 17
Views: 1450

Re: Smart phone as a camera only ???

Thanks for all the responses. When it comes right down to it, what bothers me the most is the obnoxious delay between the time you snap the shutter, the light flashes and the picture is taken. When I see folks taking pictures with a smart phone, it seems to be more direct, no delay. Are there any ca...
by 1210sda
Tue Jun 02, 2015 1:09 pm
Forum: Personal Consumer Issues
Topic: Smart phone as a camera only ???
Replies: 17
Views: 1450

Smart phone as a camera only ???

In my travels I frequently avoid taking pictures because it can get too complicated for an old guy. Yet I see many older folks using their smart phones (or tablets) to take pictures. It seems so simple....all they do is point and shoot. Their is no pause for the camera to focus and the pictures turn...
by 1210sda
Tue Jun 02, 2015 8:03 am
Forum: Investing - Help with Personal Investments
Topic: keep advisor or do it myself
Replies: 66
Views: 5669

Re: keep advisor or do it myself

Winsome, Regarding your original question: "keep adviser or do it myself"........ It appears that after 62 post on this thread in almost 3 1/2 months you are still undecided on what to do. Based on that, IMHO, you should probably stay with an adviser instead of trying to do it yourself. 1210
by 1210sda
Mon Jun 01, 2015 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Age to Take Social Security: The Ideal and the Reality
Replies: 31
Views: 5354

Age to Take Social Security: The Ideal and the Reality

Article in US News and World Report:

Taking Social Security at age 62: 48% of women and 42% of men (down from 60% women and 55% men in 2005)

Taking Social Security at age 70: 4% of women and 2% of men.

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by 1210sda
Sat May 30, 2015 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Financial planning for your demise
Replies: 18
Views: 2789

Re: Financial planning for your demise

. I've also thought about going to Target Retirement Funds so asset allocation would be taken care of for her but I would take an unnecessary tax hit if I were to redeem my taxable Total Stock Market fund at this point to make that switch. Maybe you could have a letter of instructions to Vanguard s...
by 1210sda
Thu May 21, 2015 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Article on Drawdowns (the real returns)
Replies: 17
Views: 1289

Re: Article on Drawdowns (the real returns)

My question : Is there a formula for calculating the drag on the CAGR brought about by the sequence of returns? (ex ante) 1210 Sequence of returns matters when there are contributions to and withdrawals from the investment. The return to calculate in that case is the internal rate of return. This c...
by 1210sda
Thu May 21, 2015 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Article on Drawdowns (the real returns)
Replies: 17
Views: 1289

Re: Article on Drawdowns (the real returns)

Roughly speaking, volatility will take away [ 0.5 * (standard deviation of market returns)^2 ] from the average return per year. The standard deviation of the returns you listed is about 19%. Therefore and approximately speaking, volatility took a bite of about 0.5*(.19)^2 = 1.8% per year. This lea...
by 1210sda
Mon May 18, 2015 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Comparison of the Three Fund portfolio to LifeStrategy Moderate Growth to my old (14 fund) portfolio
Replies: 2
Views: 695

Comparison of the Three Fund portfolio to LifeStrategy Moderate Growth to my old (14 fund) portfolio

Thought I'd share this with you......... I had a 14 fund portfolio (Vanguard, DFA, Acorn 20th Century, Tweedy Browne, etc) using the three factor approach (size and value) for many, many years. In the middle of 2010 (almost 5 years ago) I decided to switch to the Three Fund Portfolio. I believe at t...
by 1210sda
Tue May 12, 2015 7:47 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Financial Plan Under the New [ 0.3% ] Fee
Replies: 33
Views: 5413

Re: Vanguard Financial Plan Under the New [ 0.3% ] Fee

Don't the Life Strategy funds do pretty much the same thing that VPAS will be doing? Fund selection, Asset allocation. etc..... 1210 LifeStrategy funds don't come with an advisor you can talk to outside fund selection and asset allocation unless you have $500k. OK, I'll restate..... For those with ...
by 1210sda
Tue May 12, 2015 6:55 am
Forum: Investing - Theory, News & General
Topic: "Why Would an Experienced Investor Buy a Target-Date Fund?"
Replies: 38
Views: 5131

Re: "Why Would an Experienced Investor Buy a Target-Date Fund?"

I would use one in tax deferred if it were possible for them to also exist with munis for taxable. Now if that ever changes, I will jump on it. I too would jump for munis......do you have any influence with Vanguard ?? :happy 1210 Replacing the bond portion of each TR fund with munis could certainl...
by 1210sda
Mon May 11, 2015 8:49 pm
Forum: Investing - Theory, News & General
Topic: "Why Would an Experienced Investor Buy a Target-Date Fund?"
Replies: 38
Views: 5131

Re: "Why Would an Experienced Investor Buy a Target-Date Fund?"

I would use one in tax deferred if it were possible for them to also exist with munis for taxable. Now if that ever changes, I will jump on it. I too would jump for munis......do you have any influence with Vanguard ?? :happy 1210 Replacing the bond portion of each TR fund with munis could certainl...
by 1210sda
Mon May 11, 2015 7:42 pm
Forum: Investing - Theory, News & General
Topic: "Why Would an Experienced Investor Buy a Target-Date Fund?"
Replies: 38
Views: 5131

Re: "Why Would an Experienced Investor Buy a Target-Date Fund?"

columbia wrote:I would use one in tax deferred if it were possible for them to also exist with munis for taxable.
Now if that ever changes, I will jump on it.


I too would jump for munis......do you have any influence with Vanguard ?? :happy
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by 1210sda
Mon May 11, 2015 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Financial Plan Under the New [ 0.3% ] Fee
Replies: 33
Views: 5413

Re: Vanguard Financial Plan Under the New [ 0.3% ] Fee

Don't the Life Strategy funds do pretty much the same thing that VPAS will be doing? Fund selection, Asset allocation. etc.....
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by 1210sda
Sat May 09, 2015 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: New Math for Retirees and the 4% Withdrawal Rule
Replies: 96
Views: 13070

Re: New Math for Retirees and the 4% Withdrawal Rule

I estimate that at RMD we (65/68) will have a perpetual 5%-5.5%, SWR, regardless of markets. The taxation on this SWR will be quite high. Most of working lives we were in the lowest brackets. :oops: Don't forget "RMD" does not mean you have to spend it, just withdraw it from your tax adv ...
by 1210sda
Sat May 09, 2015 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Is anyone familiar with the robo adviser Financial Guard?
Replies: 1
Views: 372

Is anyone familiar with the robo adviser Financial Guard?

I just became aware of Financial Guard. It seems they do whatever it is they do for a couple of hundred dollars a year, regardless of size of portfolio. Seems to fall in the category of too good to be true, but still worth checking out.

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by 1210sda
Sat May 09, 2015 7:44 am
Forum: Personal Finance (Not Investing)
Topic: New Math for Retirees and the 4% Withdrawal Rule
Replies: 96
Views: 13070

Re: NYT article on 4% retirement

Thank you for posting this.
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by 1210sda
Fri May 08, 2015 10:14 am
Forum: Personal Consumer Issues
Topic: What to do with mink coat
Replies: 30
Views: 2466

Re: What to do with mink coat

Gnirk wrote:Make it into decorator pillows, or teddy bear for the grandkids.


Hey, thanks. I've been wondering what to do with my mother's old fur coat; this sounds like a great idea if it's not too expensive.

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by 1210sda
Wed May 06, 2015 9:40 am
Forum: Investing - Theory, News & General
Topic: Vanguard Personal Advisor Services now live
Replies: 38
Views: 5937

Re: Vanguard Personal Advisor Sevices now live

Flagship clients have a benefit called "Access to a financial adviser". This is free. Is this the same as VPAS or not?
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by 1210sda
Tue May 05, 2015 9:24 am
Forum: Personal Consumer Issues
Topic: Cruises
Replies: 35
Views: 5014

Re: Cruises

My suggestions: 1. Stick to one cruise line (For us it's Royal Caribbean) 2. Join their frequent cruiser societies (Crown and Anchor) This way you earn points and discounts. (up to $250.00 for Diamond Plus members) 3. Use a Visa/RCCL credit card and get dollar credits ($150.00 for 15,000 points) 4. ...
by 1210sda
Sun May 03, 2015 1:55 pm
Forum: Investing - Theory, News & General
Topic: Do Active Bond Funds Beat Index Bond Funds?
Replies: 27
Views: 2330

Re: Do Active Bond Funds Beat Index Bond Funds?

Of course we need to be accurate here and point out that an index fund that is properly tracking its index will never beat that index, net of expenses. At least some active funds will beat their indexes some of the time. Since Van Total Bond Mkt (Admiral) has an expense ratio of 7 bp, it will never...
by 1210sda
Sun May 03, 2015 8:31 am
Forum: Investing - Help with Personal Investments
Topic: Everyone is saying to get out of Bond Funds? Ignore?
Replies: 41
Views: 5171

Re: Everyone is saying to get out of Bond Funds? Ignore?

Ditto 2013, when the 10-year rate doubled from 1.5% to 3% in a matter of about six months. In other words, interest rate increases have already happened twice since 2010. Thanks Nisi. For 2013 in particular. The Van Total Bond Mkt had a -2.15% total return. Van Total Stk Mkt had a 33.51% total retu...
by 1210sda
Sun May 03, 2015 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Everyone is saying to get out of Bond Funds? Ignore?
Replies: 41
Views: 5171

Re: Everyone is saying to get out of Bond Funds? Ignore?

OTOH if you're retired and drawing down your bonds for living expenses it could be a double whammy. Not only are you withdrawing living expenses, but the pot you are taking them from is shrinking more than your withdrawals. This could force some to tighten their belts a few more notches or risk run...
by 1210sda
Sun May 03, 2015 7:29 am
Forum: Investing - Theory, News & General
Topic: Do Active Bond Funds Beat Index Bond Funds?
Replies: 27
Views: 2330

Re: Do Active Bond Funds Beat Index Bond Funds?

You're ok until the last sentence. All investors as a whole can't beat the market, but active bond mutual funds are not all active bond investors. The funds as a whole could all overperform or all underperform or some mix relative to the bond market at large, and they could do this at the expense o...
by 1210sda
Sat May 02, 2015 1:25 pm
Forum: Investing - Theory, News & General
Topic: Do Active Bond Funds Beat Index Bond Funds?
Replies: 27
Views: 2330

Re: Do Active Bond Funds Beat Index Bond Funds?

You're ok until the last sentence. All investors as a whole can't beat the market, but active bond mutual funds are not all active bond investors. The funds as a whole could all overperform or all underperform or some mix relative to the bond market at large, and they could do this at the expense o...

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