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Re: Thank you Alex Frakt and Larry Auton!!

Yes, thank you, gentlemen, for a wonderful service, valuable in so many ways.
by Austintatious
Sat Sep 27, 2014 1:08 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Thank you Alex Frakt and Larry Auton!!
Replies: 11
Views: 1095

Jack Bogle's still "on the job"

Well, he's at it again, thank goodness. Mr. Bogle has been telling Congress how they can improve the chances of average Americans actually having a decent retirement. You need to see this MarketWatch article, which I don't think has been discussed so far. http://blogs.marketwatch.com/encore/2014/09/...
by Austintatious
Wed Sep 24, 2014 12:00 pm
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle's still "on the job"
Replies: 2
Views: 642

Re: The Annuity Puzzlement

rapporteur, That's a great first post, eh. Interesting stuff. At some point annuities DOMINATE any and all other investment choices My paraphrase: At some point everyone should have a pension. I might note that Jim Otar is also Canadian. And, an engineer to boot. L. Thank goodness that FDR felt the...
by Austintatious
Tue Sep 23, 2014 7:54 am
 
Forum: Investing - Theory, News & General
Topic: The Annuity Puzzlement
Replies: 95
Views: 6370

Re: What Book Are You Currently Reading? Part VI

Just finished Night Soldiers by Alan Furst. Very good spy novel about a young Bulgarian recruited by the Russian NKVD to gather intelligence in Spain during the civil war. Inevitably, the Russians turn on him and he spends the next ten years hiding out from them while aiding the French resistance (...
by Austintatious
Mon Sep 22, 2014 8:59 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 47
Views: 2368

Re: Planning a self pension/annuity. Mid 30s.

I really like the idea of this kind of savings bond annuity. You may have already seen this post by Mel Lindauer discussing that EE bond v. I bond thing addressed just above. Be sure to read Mel's OP in that thread, and see his linked article. http://www.bogleheads.org/forum/viewtopic.php?f=10&t...
by Austintatious
Mon Sep 22, 2014 2:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Planning a self pension/annuity. Mid 30s.
Replies: 13
Views: 1151

Re: Total bond index or 5 yr CD?

Why would you not get the CD? Because there is a chance that the bond fund will have a better outcome, i.e. more money, after 5 years than the CD. But it could also have a worse outcome. That's the risk. True. I don't think there will be much difference whether a person buys all Total bond, all 5yr...
by Austintatious
Sun Sep 21, 2014 9:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Total bond index or 5 yr CD?
Replies: 36
Views: 2781

Re: San Juan Islands

Made the trip to the islands (with a visit to Victoria, B.C. on the front end). Both places very beautiful. All the help/advice was appreciated. We stayed on San Juan Island with a day trip to Orcas Island. We stayed at a very nice bed and breakfast (The Trumpeter Inn). You can see those two island...
by Austintatious
Sun Sep 21, 2014 7:53 am
 
Forum: Personal Finance (Not Investing)
Topic: San Juan Islands
Replies: 21
Views: 3004

Re: AliBaba

a flow chart that may be helpful to "regular people" thinking about buying "shares" of Alibaba

http://www.huffingtonpost.com/2014/09/1 ... f=business
by Austintatious
Fri Sep 19, 2014 5:28 pm
 
Forum: Investing - Theory, News & General
Topic: AliBaba
Replies: 128
Views: 8181

Re: Immediate payable annuity is a bad investment?

Oh dear! :oops: I have to think and research. :twisted: It seemed good till I read this. Buy an annuity and forget it. I'm amused that I cannot invest in Tax Advantaged Deferred Annuities or IRAs - I'm too old at 71 and still working :D I likely don't need an annuity when I plan to retire at 75. My...
by Austintatious
Fri Sep 19, 2014 1:09 pm
 
Forum: Investing - Theory, News & General
Topic: Immediate payable annuity is a bad investment?
Replies: 45
Views: 2645

Re: AliBaba

Do you buy a company's stock just because you believe that it will go up in a short time period, or because you believe fundamentally that the company is good? Mostly the latter (if I read "good" as "financially fundamentally promising"). I rarely sell anything and the majority ...
by Austintatious
Fri Sep 19, 2014 12:22 pm
 
Forum: Investing - Theory, News & General
Topic: AliBaba
Replies: 128
Views: 8181

Re: The Annuity Puzzlement

It is a significant MISNOMER to call any sort of do it yourself scheme an "annuity". This is because you cannot get any MORTALITY CREDITS which come from pooling risk over a few thousand people of the same age... While I agree that most would first think of the insurance industry product ...
by Austintatious
Fri Sep 19, 2014 11:24 am
 
Forum: Investing - Theory, News & General
Topic: The Annuity Puzzlement
Replies: 95
Views: 6370

Re: wine recommendations for this meal?

per my chef daughter: fresh burrata with peaches - Torrontes (Argentina) spicy grilled quail - Riesling, Mosel or spakling rose ricotta alta gnocchi with swiss chard - White Sancere or Santa Barbara Pinot Noir grilled akaushi bone-in ribeye - Red Bordeaux blend milk chocolate cremoso - Late Harvest ...
by Austintatious
Thu Sep 18, 2014 5:14 pm
 
Forum: Personal Consumer Issues
Topic: wine recommendations for this meal?
Replies: 22
Views: 1632

Re: The Annuity Puzzlement

Has anyone done the math on combing a bond ladder with longevity insurance. For example if and your wife are 70 you will get ~6% from a joint annuity and a 3% bond ladder will last about 25 years. What happens if you take 20% of that money (i.e. you consume the bond ladder just before 90) and buy 2...
by Austintatious
Thu Sep 18, 2014 3:07 pm
 
Forum: Investing - Theory, News & General
Topic: The Annuity Puzzlement
Replies: 95
Views: 6370

Re: The Annuity Puzzlement

Has anyone done the math on combing a bond ladder with longevity insurance. For example if and your wife are 70 you will get ~6% from a joint annuity and a 3% bond ladder will last about 25 years. What happens if you take 20% of that money (i.e. you consume the bond ladder just before 90) and buy 2...
by Austintatious
Thu Sep 18, 2014 3:02 pm
 
Forum: Investing - Theory, News & General
Topic: The Annuity Puzzlement
Replies: 95
Views: 6370

Re: The Annuity Puzzlement

How do you do the DIY approach in a IRA? Thanks CWRadio, I'm anything but an expert, here, so consider my comments accordingly. The method I've seen most frequently suggested for a diy annuity is the one championed by senior Boglehead Mel Lindauer, which is built with serial purchases of EE savings...
by Austintatious
Thu Sep 18, 2014 2:02 pm
 
Forum: Investing - Theory, News & General
Topic: The Annuity Puzzlement
Replies: 95
Views: 6370

Re: The Annuity Puzzlement

While building ones own annuity with treasuries, savings bonds, cd's, whatever,.........may feel/be more "safe". It appears you don't get the return one does when purchasing an SPIA within a large pool of annuitants, where the annuitants who die young continue to fund the ones who don't. ...
by Austintatious
Thu Sep 18, 2014 1:13 pm
 
Forum: Investing - Theory, News & General
Topic: The Annuity Puzzlement
Replies: 95
Views: 6370

Re: The Annuity Puzzlement

AIG's insurance subsidiaries, which were responsible for paying out on the annuities and life insurance policies, were not endangered. Only the parent company needed to be bailed out. AIG's insurance subsidiaries most certainly would have been in danger had AIG gone under. During the AIG bailout he...
by Austintatious
Thu Sep 18, 2014 9:06 am
 
Forum: Investing - Theory, News & General
Topic: The Annuity Puzzlement
Replies: 95
Views: 6370

Re: Roth help

twees52, the importance of minimizing the costs of investing simply cannot be emphasized enough. One way a mutual fund investor pays costs is a fund's expense ratio, and paying inordinately high expense ratios is something to avoid if practical. Another way investors can get tagged with unnecessary ...
by Austintatious
Wed Sep 17, 2014 3:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth help
Replies: 14
Views: 569

Re: How to best adjust asset allocation as years pass

I don't think asset allocation has to do with age. It has more to do with the stage of life you are in. Some people retire at 40 while others keep working well past 70. Personally I think, at retirement, a person should be between 20-40% equities and gradually increase as time passes. You avoid the...
by Austintatious
Wed Sep 17, 2014 11:08 am
 
Forum: Investing - Help with Personal Investments
Topic: How to best adjust asset allocation as years pass
Replies: 21
Views: 1789

Re: wine recommendations for this meal?

Hayden wrote:A meal like that deserves a different wine with each course!


truly
by Austintatious
Tue Sep 16, 2014 10:29 pm
 
Forum: Personal Consumer Issues
Topic: wine recommendations for this meal?
Replies: 22
Views: 1632

Re: Should I step in to help my in law pay off credit card d

Pay it and move on, assuming that it's economically feasible for you. A discussion with the vet, explaining that you're considering paying the bill might result in a discounted balance due, or at least a schedule of periodic payments if that would be more convenient for you. But just knowing that yo...
by Austintatious
Tue Sep 16, 2014 10:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I step in to help my in law pay off credit card debt
Replies: 31
Views: 2638

Re: How to best adjust asset allocation as years pass

Here's a current thread discussing Boglehead rebalancing practices that may help.

viewtopic.php?f=1&t=147033&newpost=2193675
by Austintatious
Tue Sep 16, 2014 3:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to best adjust asset allocation as years pass
Replies: 21
Views: 1789

Re: How much you need to save as multiple of salary

TIME article quotes a Fidelity study which says: Here are the guideposts: At age 35, you should have saved an amount equal to your annual salary. At age 45, you should have saved three times your annual salary. At 55, you should have five times your salary. I see a problem right here. The recommend...
by Austintatious
Tue Sep 16, 2014 12:48 pm
 
Forum: Investing - Theory, News & General
Topic: How much you need to save as multiple of salary
Replies: 51
Views: 6315

Re: The Annuity Puzzlement

Most of the studies that claim an SPIA increases portfolio survival and income have the non SPIA portion of the portfolio in 100% stocks, which can be a behavioral challenge for many even with the regular income from the SPIA. Still, if one can get by that challenge, SPIAs at a relatively young age...
by Austintatious
Tue Sep 16, 2014 12:21 pm
 
Forum: Investing - Theory, News & General
Topic: The Annuity Puzzlement
Replies: 95
Views: 6370

Re: The Annuity Puzzlement

I came across this MarketWatch article this morning and thought it would worth a read to those following this thread. Annuity specialist (their description of the author) Stan Haithcock advises us regarding the coming annuity renaissance that's just around the corner. I'd like to think he has it rig...
by Austintatious
Tue Sep 16, 2014 9:41 am
 
Forum: Investing - Theory, News & General
Topic: The Annuity Puzzlement
Replies: 95
Views: 6370

Re: The dangerous practice of rebalancing...

There are risks in either rebalancing or not rebalancing. If we believe a bear market will recover and a bull market will crash eventually, then blind rebalancing does not matter. Only we know when the market is at bottom (or close to bottom) or at top (or close to top), does rebalancing bring the ...
by Austintatious
Sun Sep 14, 2014 4:01 pm
 
Forum: Investing - Theory, News & General
Topic: The dangerous practice of rebalancing...
Replies: 191
Views: 14035

Re: Nedsaid's sound advice.

This is why we all need to put on our philosopher's hat and put down on paper our beliefs about markets and investments. Create a model by which we can understand how markets work. Have core beliefs that we hold strongly. Otherwise you run into the problem of thinking you have a good plan until you...
by Austintatious
Sat Sep 13, 2014 11:45 am
 
Forum: Investing - Theory, News & General
Topic: The dangerous practice of rebalancing...
Replies: 191
Views: 14035

Re: The dangerous practice of rebalancing...

a snipped quote: I'd like to present a different perspective to you. 1. What does "once core retirement needs are provided for" mean to you? 2. To me, it means that [say] a typical retired investo, may have perhaps 50%, 60% (??%) in safe(r) investments to provide for core retirement needs...
by Austintatious
Sat Sep 13, 2014 11:29 am
 
Forum: Investing - Theory, News & General
Topic: The dangerous practice of rebalancing...
Replies: 191
Views: 14035

Re: The dangerous practice of rebalancing...

Wow! Sure glad I read this before it was too late. http://www.marketwatch.com/story/why-strategic-investors-dont-rebalance-their-portfolios-2014-09-12?dist=countdown Thanks for sharing, I know that you are being sarcastic to a large extent. I largely agree with Lew Mandell. In terms of strategic po...
by Austintatious
Sat Sep 13, 2014 9:24 am
 
Forum: Investing - Theory, News & General
Topic: The dangerous practice of rebalancing...
Replies: 191
Views: 14035

Re: The dangerous practice of rebalancing...

...for the record, I'm not necessarily saying I think rebalancing and maintaining a constant-mix portfolio isn't a viable option. Just that it's not a "perfect plan", it has it's own unique risk/reward characteristics, and it may not suit everyone's risk preferences. I agree with you, JoM...
by Austintatious
Fri Sep 12, 2014 10:07 pm
 
Forum: Investing - Theory, News & General
Topic: The dangerous practice of rebalancing...
Replies: 191
Views: 14035

Re: The dangerous practice of rebalancing...

austin I would not change anything you were doing, if it included rebalancing Larry Larry, our practice is to rebalance whenever we get about 5% out of whack and we're not likely to change, despite having learned how terribly dangerous the practice. And your thoughtful advice is much appreciated, a...
by Austintatious
Fri Sep 12, 2014 5:18 pm
 
Forum: Investing - Theory, News & General
Topic: The dangerous practice of rebalancing...
Replies: 191
Views: 14035

The dangerous practice of rebalancing...

Wow! Sure glad I read this before it was too late. Just when I thought I'd arrived at an asset allocation I was relatively comfortable with, along comes Mr. Mandel and throws a huge monkey wrench smack dab into the middle of my plan. Cover your basic retirement needs with safe assets like Social Sec...
by Austintatious
Fri Sep 12, 2014 4:12 pm
 
Forum: Investing - Theory, News & General
Topic: The dangerous practice of rebalancing...
Replies: 191
Views: 14035

Re: New 2% cash back Mastercard from Citi

I received an application from Citi for what I think is this card in the mail today. They're saying it pays 1% at purchase plus 1% at payment. Doesn't say if MC or Visa. The application says they'll also tack on an extra $100 if one charges at least $500 in the first 3 months. Anyone using this card...
by Austintatious
Thu Sep 11, 2014 9:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: New 2% cash back Mastercard from Citi
Replies: 224
Views: 23915

Re: Should anyone invest in short-term bonds at this point?

BigJohn, for the short-term binds are you getting more than you'd get with a CD? I'm just curious why you're choosing the short term over ibonds or CDs. abyan, I bonds are an excellent alternative but, with the $10K limitation on one's annual purchase, they only go so far in resolving the problem. ...
by Austintatious
Wed Sep 10, 2014 1:19 pm
 
Forum: Investing - Theory, News & General
Topic: Should anyone invest in short-term bonds at this point?
Replies: 46
Views: 3796

Re: Needing help with a Vanguard 401k

Thanks, I found out through her plan administrator she is only able to move the portion of the 401k that she has contributed...none of the employer matching money or profit sharing in the account to an IRA at VG. Guess I'll have to check out Fido since they can do a complete change over of an activ...
by Austintatious
Wed Sep 10, 2014 12:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Needing help with a Vanguard 401k
Replies: 23
Views: 1484

Re: Best article on Vanguard's philosophy and history?

I recently read what might be the perfect article for you. Sadly, I've not been able to retrieve it and still looking, but here's a Marketwatch article, Why Vanguard is a role model for the fund industry , that might suffice. http://www.marketwatch.com/story/why-vanguard-is-a-role-model-for-the-fund...
by Austintatious
Wed Sep 10, 2014 11:18 am
 
Forum: Investing - Theory, News & General
Topic: Best article on Vanguard's philosophy and history?
Replies: 10
Views: 724

Re: So far, so good? Vanguard Total International Bond

Thanks for the commentary, PJW - I've been on Wall Street for 30 years and have dealt with Moody's, S&P and Fitch dozens of times - know their strengths and weaknesses well, and certainly understand the difference between corporates, sovereigns, etc. My basic points here are (a) I was curious w...
by Austintatious
Tue Sep 09, 2014 8:01 pm
 
Forum: Investing - Theory, News & General
Topic: So far, so good? Vanguard Total International Bond
Replies: 45
Views: 4246

Re: Texas - Recommendation Where To Live

Fort Worth is the sleeper, here. It meets all of OP's criteria with the possible exception of "relatively new with a growing population" - not sure what that means. It has all the big city amenities but retains something of a "small town flair". Local politics are conservative an...
by Austintatious
Sun Sep 07, 2014 1:56 pm
 
Forum: Personal Consumer Issues
Topic: Texas - Recommendation Where To Live
Replies: 56
Views: 2891

Re: Longevity Annuities?

Austinatious (sorry for the spelling) My thought process was the following. The QLAC essentially takes money out of your retirement account, puts it out years into the future, and then pays it back to you. So if you are In need of immediate income you wouldn't buy one and will either pursue an RMD ...
by Austintatious
Fri Sep 05, 2014 8:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Annuities?
Replies: 54
Views: 2351

Re: Longevity Annuities?

RBS, whether folks reading the forum agree with their conclusions or not, thank you for the links to the papers you reference. They are instructive reading. You don't have to agree to learn something. I am in the minority who think that SPIA annunities are appropriate in an retired investor's overa...
by Austintatious
Thu Sep 04, 2014 9:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Annuities?
Replies: 54
Views: 2351

Re: Rewards credit card advice

capital one quicksilver card gives 1.5% back on everything, no limits. we're switching to this since the rotating categories cards don't typically hit our spending habits. we use the costco amex for gas to get 3% back. We've used this card (and its predecessor) for a couple of years, now, and we've...
by Austintatious
Thu Sep 04, 2014 12:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rewards credit card advice
Replies: 66
Views: 15693

Re: Malpractice lawsuit from residency?

It's a mistake to assume that there was no "tail coverage". I'd be very surprised if it was not provided to him/her as part of the program benefits, or at least made available to him before leaving the program. If the residency was covered by the hospital under a self-insurance program as ...
by Austintatious
Wed Sep 03, 2014 1:39 pm
 
Forum: Personal Consumer Issues
Topic: Malpractice lawsuit from residency?
Replies: 16
Views: 2579

Re: NFCU 1 year certificate (CD) 5% APY $5k max balance

Sad that even as a federal employee, I am not eligible to join :( would love to use this offer. My grandfather was in the army and my uncle is retired navy, but I think this May be too far removed for qualifying. Grandfather would count if he was retired Army and not just a plain vanilla vet stepch...
by Austintatious
Tue Sep 02, 2014 9:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: NFCU 1 year certificate (CD) 5% APY $5k max balance
Replies: 28
Views: 3358

Re: Costco:is it worth it for just two people?

I just do not understand why people like Costco so much (feel better than at Walmart???). Similar products can be bought at Kroger and Walmart. When the first Costco opened in our city early this year, my wife got a discounted membership. The bargain she likes most is the bottled water. Since the C...
by Austintatious
Sun Aug 31, 2014 9:47 am
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 143
Views: 11858

Re: Costco:is it worth it for just two people?

You simply won't find a better canned tuna product around, unless there's some erotic foreign brand that I've not stumbled across. If you find erotic foreign tuna please let us know. Victoria Not to worry, Victoria. I always share the special finds with my friends, those hot stock tips, for example.
by Austintatious
Sat Aug 30, 2014 10:17 pm
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 143
Views: 11858

Re: Costco:is it worth it for just two people?

Wow, I would not eat that much tuna. The FDA suggests only 16.4 oz of LIGHT tuna per week, and only 5.6 oz per week of albacore tuna. Only one data point but it is first hand. A college friend - a very bright guy - ate only tuna for lunch and dinner (if he was eating at home) for three years. He de...
by Austintatious
Sat Aug 30, 2014 10:12 pm
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 143
Views: 11858

Re: Costco:is it worth it for just two people?

DW and I have shopped at Costco for a couple of years, now, following several years of shopping at Sam's. We are convinced that shopping at either place would allow a couple to save money, as long as one plans ahead, and exercises budgetary discipline. For a number of reasons, I prefer Costco, by fa...
by Austintatious
Sat Aug 30, 2014 9:20 pm
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 143
Views: 11858

Re: What Movie Have You Currently Watched?

Last film I saw was The Grand Budapest Hotel. I thought it was lot's of fun and I'd recommend it. Be aware that profanity is taken to the professional blasphemer's level. Used RedBox and cost $1.50
by Austintatious
Sat Aug 30, 2014 4:42 pm
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 105
Views: 4489

Re: is a target date fund considered indexed

Depends on what you mean by "indexed". The target date funds I know of are merely collections of separate funds and would not themselves be reflective of a particular index. But the funds they're comprised of may or may not be "index funds". The Vanguard target date funds, for ex...
by Austintatious
Fri Aug 29, 2014 1:41 pm
 
Forum: Investing - Theory, News & General
Topic: is a target date fund considered indexed
Replies: 11
Views: 645

Re: Help with son-in-law's new 401k

Here's what I'd do, offered with the disclaimer that I'm neither expert nor nearly as knowledgeable as are others posting here: If or when I had sufficient funds for the three fund portfolio in my Roth, I'd go with it over the Target Date funds, although I think the latter are very good choices for ...
by Austintatious
Fri Aug 29, 2014 11:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with son-in-law's new 401k
Replies: 13
Views: 1428
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