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Re: Count Pension + SS as part of the Bond portion of AA?

My mom is retired (age 65). Her pension + SS is more than enough to cover her monthly expenses. She has $300k in an IRA. Should she count the pension/SS as Bonds? If so, how to convert monthly payments as a % of portfolio? Good that her living expenses are covered by Pension and SS. What about unex...
by CaliJim
Fri Apr 17, 2015 4:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Count Pension + SS as part of the Bond portion of AA?
Replies: 31
Views: 2137

Re: How to (diplomatically) challenge wife's active mgmt fun

Also, a nuance that is really important (some nuance) is that investing is about risk as well as return. It is no trick to position for greater hoped for return by taking more risk. You cannot let the promise of an active fund be merely a decision to take more risk. I am sorry to say that if your w...
by CaliJim
Fri Apr 17, 2015 4:10 pm
 
Forum: Investing - Theory, News & General
Topic: How to (diplomatically) challenge wife's active mgmt funds
Replies: 90
Views: 5230

Re: How to (diplomatically) challenge wife's active mgmt fun

After suggesting XIRR... I had one other thought with regard to comparing historical performance of her portfolio to historical performance of a BH portfolio. I'm not even sure I'd do the 'past performance analysis exercise, because in a way, it's a trap. Past performance does not guarantee future r...
by CaliJim
Thu Apr 16, 2015 9:10 pm
 
Forum: Investing - Theory, News & General
Topic: How to (diplomatically) challenge wife's active mgmt funds
Replies: 90
Views: 5230

Re: How to (diplomatically) challenge wife's active mgmt fun

Hi AaronB With regard to calculating the returns, excel and the XIRR function is your friend. For each fund, you "just" need a two column list of dates in column A, and contributions listed as positive numbers in column B, with the last row being today's date and today's current market val...
by CaliJim
Thu Apr 16, 2015 8:22 pm
 
Forum: Investing - Theory, News & General
Topic: How to (diplomatically) challenge wife's active mgmt funds
Replies: 90
Views: 5230

Re: Should I purchase an Umbrella policy?

My opinion: Your biggest source of liability is the car. Don't let any drunks trip and fall in your apartment, and up your car insurance liability and you're good.
by CaliJim
Thu Apr 16, 2015 12:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I purchase an Umbrella policy?
Replies: 52
Views: 4995

Re: How to (diplomatically) challenge wife's active mgmt fun

If it was me, I wouldn't go to the meeting. I'd take the high road. Why would I want to meet with a salesman whose only incentive is to convince my wife to stay in high cost funds. Not interested. Sorry. I know where he is coming from and I'm very confident in my investing knowledge and approach. I'...
by CaliJim
Thu Apr 16, 2015 12:06 am
 
Forum: Investing - Theory, News & General
Topic: How to (diplomatically) challenge wife's active mgmt funds
Replies: 90
Views: 5230

Re: The Three Fund Portfolio

Interesting graph. Thanks

Question: [deleted]
by CaliJim
Wed Apr 15, 2015 11:55 pm
 
Forum: Investing - Theory, News & General
Topic: The Three Fund Portfolio
Replies: 1069
Views: 490014

Re: Stay in trust or "Mega back door Roth"

Can you invest in better funds inside the trust?
by CaliJim
Wed Apr 15, 2015 11:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Stay in trust or "Mega back door Roth"
Replies: 4
Views: 764

Re: DQOTD: Municipal Bond Fund Downside

@dra

Good analysis. I'm ok w all you say, except for taking the low yield on long term risk. I'm hoping at some point we will get back to historical LT yields of 3+, then I'll increase my muni duration. Keeping my fingers crossed. In the mean time I'm an intermediate duration type guy.
by CaliJim
Wed Apr 15, 2015 11:44 pm
 
Forum: Investing - Theory, News & General
Topic: DQOTD: Municipal Bond Fund Downside
Replies: 19
Views: 1949

Re: DQOTD: Municipal Bond Fund Downside

Hmm. Ok. I understand what your saying. Thanks. I just looked up the vwitx yield on yahoo and saw a higher number than your 1.59%. I guess I wasn't looking at SEC yield.
by CaliJim
Wed Apr 15, 2015 4:41 pm
 
Forum: Investing - Theory, News & General
Topic: DQOTD: Municipal Bond Fund Downside
Replies: 19
Views: 1949

Re: DQOTD: Municipal Bond Fund Downside

VWITX (VG Intermediate Tax Exempt) is yielding 2.98%, Dur 4.7, thanks in part to Merideth Whitney. http://www.forbes.com/sites/steveforbes/2013/06/04/meredith-whitney-on-the-future-of-muni-bonds/ VBMFX (VG Total Bond Market Fund) is yielding 2.35%, Dur 5.5, (albeit with lower risk) What am I missing?
by CaliJim
Wed Apr 15, 2015 2:37 pm
 
Forum: Investing - Theory, News & General
Topic: DQOTD: Municipal Bond Fund Downside
Replies: 19
Views: 1949

Re: Can I incorporate stop loss into this investment philoso

Have a look at this. Same return with half the drawdown SP500 (1950-2014) Select the first test option Then hit "run test" https://www.portfoliovisualizer.com/test-market-timing-model#analysisResults Interesting. Does this model adjust for fees and taxes? I am by nature skeptical of back ...
by CaliJim
Tue Apr 14, 2015 1:09 pm
 
Forum: Investing - Theory, News & General
Topic: Can I incorporate stop loss into this investment philosophy?
Replies: 31
Views: 1587

Re: Gardening 2015 pt 2

I like kale.
by CaliJim
Tue Apr 14, 2015 11:28 am
 
Forum: Personal Consumer Issues
Topic: Gardening 2015 pt 2
Replies: 15
Views: 1464

Re: Can I incorporate stop loss into this investment philoso

I feel for your situation. Keep it simple, unless you're a math and love driving spreadsheets all day. Even then, it isn't likely that the average 'playah' is going to beat the market. Buy and rebalance, not buy and hold. Pick the top level AA that matches your risk tolerance and let it be. Have a p...
by CaliJim
Tue Apr 14, 2015 11:20 am
 
Forum: Investing - Theory, News & General
Topic: Can I incorporate stop loss into this investment philosophy?
Replies: 31
Views: 1587

Re: DQOTD: Municipal Bond Fund Downside

I probably missed it, but I have searched the forum, Bwiki and Google and mostly find very generic info on muni bond funds. "Fortunately" our equity allocation has outgrown our AA plan (not a little over, too much to ignore) - first world problems. All our fixed income allocation is in (s...
by CaliJim
Tue Apr 14, 2015 10:48 am
 
Forum: Investing - Theory, News & General
Topic: DQOTD: Municipal Bond Fund Downside
Replies: 19
Views: 1949

Re: Inflation Protected Securities Fund

I'm concerned about very high inflation over the coming years ahead. I would like to move about half of my Target Retirement 2015 into Inflation protected securities. I would like feedback on this potential move. What do you all think. Thanks in advance. Without diving down into talking politics, w...
by CaliJim
Tue Apr 14, 2015 12:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Inflation Protected Securities Fund
Replies: 10
Views: 1016

Re: Need advice - Invest in Small Cap?

The author of that article doesn't specifically mention small value - rather just small cap. Any idea if small cap value is also no longer working? Too soon to tell. Check back in 100 or so years. Seriously, the slight risk adjusted premiums seen historically for small cap, small cap value, value i...
by CaliJim
Tue Apr 14, 2015 12:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Need advice - Invest in Small Cap?
Replies: 6
Views: 1017

Re: Question please [Where to invest for monthly income?]

Depending on your age, you might be able to buy a Single Premium Immediate Annuity (SPIA) that will yield 6% or even more I am unclear on this, is there a minimum age for this? I am 51 and am looking for a bridge so to say, that will get me to age 62 when I can then collect SS. I have another 125K ...
by CaliJim
Mon Apr 13, 2015 12:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Question please [Where to invest for monthly income?]
Replies: 10
Views: 1466

Re: GE Capital Invest Direct account

Hehe. Might be time to buy a little GE stock!

It will probably be fine, but, ya know, if your concerned, just switch banks. It isn't that hard to do, just tedious if you have a lot of auto-pay things setup. And if it will give you peace of mind, just switch.
by CaliJim
Sat Apr 11, 2015 10:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: GE Capital Invest Direct account
Replies: 1
Views: 367

Re: how safe is your life insurance company?

Ugh. Sounds like the greed that drove CDO's all over again.
by CaliJim
Sat Apr 11, 2015 10:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: how safe is your life insurance company?
Replies: 3
Views: 701

Re: Specials Needs child, Lump sum or Annuity (pension)

IMHO: Taking the lump makes perfect senses in your situation.
by CaliJim
Sat Apr 11, 2015 10:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Specials Needs child, Lump sum or Annuity (pension)
Replies: 8
Views: 855

Re: Question please [Where to invest for monthly income?]

Hello all, is there a place or places I could invest 200k in and get a 6% return that I could draw from each month for income? I'm sure the answer is no but asking won't hurt..thanks Hi, Welcome to the forums. The answer is No, Yes, Maybe No: The best guaranteed income you can get these days with n...
by CaliJim
Sat Apr 11, 2015 10:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question please [Where to invest for monthly income?]
Replies: 10
Views: 1466

Re: Need advice - Invest in Small Cap?

There is much discussion about whether the small cap premium has now been arbitraged away or not, and whether the premium is really there on a risk adjusted basis. The three fund portfolio is a very good one. But there is academic support for using small and value funds as well. Educate yourself bef...
by CaliJim
Sat Apr 11, 2015 9:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need advice - Invest in Small Cap?
Replies: 6
Views: 1017

Re: Stay in trust or "Mega back door Roth"

I don't know, but hopefully this reply will give your topic a bump and an expert will chime in.
I do like stuffing money into Roth's though.
by CaliJim
Sat Apr 11, 2015 2:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Stay in trust or "Mega back door Roth"
Replies: 4
Views: 764

Re: Move money from Variable Annuity to taxable?

I don't understand these very well at all. I've avoided trying. These things can have so many moving parts. They are very hard to evaluate. But one thing is for sure, they are laden with fees. Good on you to dig in and try to understand them. I guess if I were in your shoes, I'd try to model the NPV...
by CaliJim
Sat Apr 11, 2015 2:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Move money from Variable Annuity to taxable?
Replies: 3
Views: 526

Re: Insurance Questions

Term life: I always bought this type of coverage through an employer sponsored program at work. Auto/home/renters/umbrella: I use a local State Farm agent. I took my auto business elsewhere for a brief time, but eventually ended up back at SF for the whole bundle. But I'd say this: shop around. Try ...
by CaliJim
Sat Apr 11, 2015 2:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Insurance Questions
Replies: 1
Views: 478

Re: On a budget and Friday night

Tonight, a Friday night, watching the Giants post-game show on TV, I called the police to complain about a loud band playing past curfew in the hotel courtyard across the street. They were rocking but I wasn't in the mood, and they were disturbing my peace. Turns out it was Dan Akryod 8-) and The Sa...
by CaliJim
Sat Apr 11, 2015 2:11 am
 
Forum: Personal Consumer Issues
Topic: On a budget and Friday night
Replies: 68
Views: 5097

Re: Widower seeking investment and portfolio advice

Thanks for the replies and well wishes. Since I'm in a low tax bracket is that the reason for a conversion to Roth from traditional? Pretty much. Lots of folks anticipate being in 15% bracket or higher when they start taking SS at 65 or 70. so it is a tax arbitrage opportunity for some. YMMV. There...
by CaliJim
Sat Apr 11, 2015 1:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Widower seeking investment and portfolio advice
Replies: 5
Views: 951

Re: Might Go $4,000 AAPL

You are new to investing you say? Your vey best investment today would be to invest in your education. Buy and read some of the start up books mentioned in the wiki. And put $1k in AAPL, just in case, to minimize regret. If it goes up, you're golden. If it goes down then you just bought a lesson in ...
by CaliJim
Fri Apr 10, 2015 12:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Might Go $4,000 AAPL
Replies: 68
Views: 5218

Re: saving for a down payment

A typical total bond fund has a constant duration of 5 to 7 years. Funds that you are going to spend in four years should have a declining duration, four year duration this year, three year duration next year, and so on. If intermediate term interest rates rise one percent in 2019, then an intermedi...
by CaliJim
Fri Apr 10, 2015 12:37 am
 
Forum: Investing - Help with Personal Investments
Topic: saving for a down payment
Replies: 9
Views: 1082

Re: How much home mortgage interest/equity can be deducted?

Our income is 800k/yr and we are thinking of buying a home for 1.5 M in HCOL area with 300-400k down. We are renting currently, so not sure of the tax consequences. 1. Is interest on 1M mortgage the maximum that can be deducted? 2. I've read that an add'l 100k home equity interest can be deducted (...
by CaliJim
Fri Apr 10, 2015 12:17 am
 
Forum: Personal Finance (Not Investing)
Topic: How much home mortgage interest/equity can be deducted?
Replies: 1
Views: 508

Re: Just retired, help with allocation

It's not a bad plan. But you might try to confine the complexity to just one or two accounts, and simplify his roth to just one fund. Also, seems like a lot of bond funds in his TIRA. Two should do, and use the size of your cash allocation in taxable as a throttle on average bond duration at the por...
by CaliJim
Fri Apr 10, 2015 12:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Just retired, help with allocation
Replies: 7
Views: 1206

Re: saving for a down payment

For money you are going to count on being there in 4 years, just use an on line savings account (ally, ge capital) and roll that periodically into 4/3/2/1 year CDs. You want to become an expert savings account rate shopper, but without going crazy with too many accounts all over the place. keep good...
by CaliJim
Thu Apr 09, 2015 11:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: saving for a down payment
Replies: 9
Views: 1082

Re: Roth IRA Advice for College - Vanguard Fund Type

Hi All, My wife and I are setting up a Roth IRA account as a savings account for our two children, 11 and 14 yrs old (8th grade). We plan to contribute the max for each of us and I need help selecting a Vanguard fund. Since our children are not that far off from college, I assume it would be best t...
by CaliJim
Thu Apr 09, 2015 11:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Advice for College - Vanguard Fund Type
Replies: 8
Views: 617

Re: Multiple Asset Allocations?

Having more than one asset allocation is mental accounting. https://www.bogleheads.org/wiki/Behavioral_pitfalls#Mental_accounting At the end of the day, when you sum up the totality of a 'multiple AA' portfolio, there is only one top level asset allocation. That said, liability matching is a very le...
by CaliJim
Thu Apr 09, 2015 2:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Multiple Asset Allocations?
Replies: 17
Views: 1529

Re: Can I really afford to retire in California?

Please bring your own water. :wink:
by CaliJim
Thu Apr 09, 2015 2:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I really afford to retire in California?
Replies: 34
Views: 2747

Re: It's Official - We're Done

Yay!!!!! :sharebeer
by CaliJim
Thu Apr 09, 2015 2:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: It's Official - We're Done
Replies: 38
Views: 8070

Re: Widower seeking investment and portfolio advice

I'm 48 years old and widowed with two small children 5 and 8. I'm seeking advice on how to invest and diversify. I have 3 mos emergency fund and could increase it. No debt except a mortgage 270K 4.125% on house 345k value I'm in my last year of filing as qualifying widower and 10% tax rate Income i...
by CaliJim
Thu Apr 09, 2015 2:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Widower seeking investment and portfolio advice
Replies: 5
Views: 951

Re: Investing Newbie - Questions about Roth + Mututal Funds

Unfortunately, there is a minimum of $3000 for each of those funds. At most you can have 1 of those funds plus the STAR or Target Retirement fund, as those have a minimum of $1000. You also can't combine the two accouts to have 3 of the $3000 funds plus a $1000 fund. :( Good point. But, you can buy...
by CaliJim
Mon Apr 06, 2015 9:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing Newbie - Questions about Roth + Mututal Funds
Replies: 5
Views: 449

Re: Investing Newbie - Questions about Roth + Mututal Funds

I've just managed to get moved over into a Vanguard Brokerage Account. My first question is: is it waiting for me to take action on it and put it into another account or buy funds with it? Secondly, I'd like to diversify our investments over a few different mutual funds, but I'm not entirely sure h...
by CaliJim
Mon Apr 06, 2015 9:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing Newbie - Questions about Roth + Mututal Funds
Replies: 5
Views: 449

Re: vanguard funds [exchange active for index in taxable]

Thanks for all of the advice. I have converted the Health Care fund to a 70/30 combo of total stock index and international stock index. Windsor II is next. May add a small value index fund. Planning to use my Roth Rollover/Backdoor Roth to open a bond/REIT fund. Does this make sense from a tax eff...
by CaliJim
Fri Apr 03, 2015 12:32 am
 
Forum: Investing - Help with Personal Investments
Topic: vanguard funds [exchange active for index in taxable]
Replies: 12
Views: 933

Re: Minimizing income taxes in retirement

Welcome long time lurker, nice to finally hear from you. Been waiting for you to speak up! :) I can't think of any magic bullets to lower taxes. Maybe put more in muni bonds? Give more to charity :?: You could use I-orp to model Roth conversion scenarios. You sound like you're in pretty good shape. ...
by CaliJim
Tue Mar 31, 2015 1:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Minimizing income taxes in retirement
Replies: 54
Views: 5145

Re: vanguard funds [exchange active for index in taxable]

Welcome to the forums.

You haven't give us much to go on, but based only on what you've said...

Reducing your overall portfolio ER, moving from active to passive funds, and getting out of sector funds pretty much always makes sense anytime. So yeah, I'd do it.
by CaliJim
Tue Mar 31, 2015 12:59 am
 
Forum: Investing - Help with Personal Investments
Topic: vanguard funds [exchange active for index in taxable]
Replies: 12
Views: 933

Re: Hold or Sell to fund Roth IRA

If it were me I'd liquidate the BP and invest in index funds, even if I didn't have a Roth to fund. So, yeah, sell the BP and fund the Roth. Maybe TSM will outpace BP! Maybe it won't. The future is unknowable. But funding your Roth is very important and worth the risk. Heck. Buy $9k of TSM and $2k o...
by CaliJim
Tue Mar 31, 2015 12:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Hold or Sell to fund Roth IRA
Replies: 6
Views: 550

Re: Seeking advices for portfolio and investing strategy

Hi Laura, I am in the process of rollover my former company 401k money (~40k) into Vanguard IRA accounts. I think it is a good time to start put the money into Three-fund portfolio instead of investing into the Vanguard Target Retirement Funds it was on. Do you have any suggestion regarding how to ...
by CaliJim
Mon Mar 30, 2015 4:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking advices for portfolio and investing strategy
Replies: 10
Views: 1658

Re: Calling all concrete experts (replacing old driveway)

Regarding a comment above about fiber admix and rebar: My understanding is that fiber is not a replacement for rebar/bonded wire mesh. The short fiber strand admix stuff is to reduce the size and appearance of shrinkage cracks. It is less structural and more cosmetic. Rebar and bonded wire mesh is s...
by CaliJim
Sun Mar 22, 2015 7:13 pm
 
Forum: Personal Consumer Issues
Topic: Calling all concrete experts (replacing old driveway)
Replies: 15
Views: 1693

Re: The financier and the secretary. A true story.

Good thing she didn't invest in Enron. :twisted:
by CaliJim
Fri Mar 13, 2015 9:07 pm
 
Forum: Investing - Theory, News & General
Topic: The financier and the secretary. A true story.
Replies: 39
Views: 6384

Re: Bad Bond Behavior

Bond Rates are going to go up?

Yay. Wonderful. More income for me!
by CaliJim
Fri Mar 13, 2015 8:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bad Bond Behavior
Replies: 36
Views: 2572

Re: Portfolio Review Please

Hi, I think you are in pretty good shape for your age. I personally think that asset allocations should target the range between 80/20, and 20/80. 90% stocks too me feels high, at any age. I think 80/20 would be better for you. Keep the 2060 target fund (or move to the 2055 fund at some point), and ...
by CaliJim
Mon Feb 23, 2015 1:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Please
Replies: 7
Views: 552
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