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Re: Newbie, please help

Butterfly, first take a really deep breath. You have been swimming with sharks for a long time, and we are about to throw you a life ring. We want to get you to a warm, dry place. Go to the meeting with the Fidelity Planner, but be aware that he will probably suggest an account with an annual fee. T...
by Dale_G
Fri Jan 30, 2015 11:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie, please help
Replies: 7
Views: 424

Re: Large Inheritance for Kids -- Asset Allocation?

60/40 is just fine. You are sure to reevaluate the distribution timeline as the kids grow up. Perhaps a small distribution in mid to late 20's and the balance at a later date. Taxes within the trusts can be at a pretty high rate, so distributions of income when the kids are at a low tax rate, may ma...
by Dale_G
Fri Jan 30, 2015 5:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Large Inheritance for Kids -- Asset Allocation?
Replies: 24
Views: 1201

Re: Your Minimum Annual Expenses

We spent about 36K last year in reasonably LCOL Central Florida. This includes Medicare part B, part D and Medicare Supplement premiums plus out of pocket drug costs, but not Federal income tax or gifts to children. But we are finished with travelling, rarely eat out and only drive about 3,000 miles...
by Dale_G
Thu Jan 29, 2015 5:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your Minimum Annual Expenses
Replies: 31
Views: 2800

Re: Withdrawal Strategy

If it any comfort ooza, the sales charges are on a sliding scale. If you invest over a million dollars per fund, the sales charge is waived.

Oh, and the fund expense ratios are all high too, probably about 5 times what you pay at Fidelity.

Dale
by Dale_G
Wed Jan 28, 2015 9:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Withdrawal Strategy
Replies: 9
Views: 623

Re: Withdrawal Strategy

ooza, be careful here. All of the Lord Abbott funds have front end loads (5.75% for the equity funds and 2.25% for bond funds). Your advisor's fixed fee may be low but unless you are investing enough money to get the loads waived, you will give up about 5.2% of your portfolio at the very moment he b...
by Dale_G
Wed Jan 28, 2015 9:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Withdrawal Strategy
Replies: 9
Views: 623

Re: Transferring from Edward Jones to Vanguard IRA questions

Your returns would probably be 8% if a similar asset allocation was invested in low expense funds and you weren't paying an annual fee of 1% or so to Ed Jones.

Call Fidelity or Vanguard and get the funds moved. Any fees to EJ to close the account will be quickly recovered.

Dale
by Dale_G
Wed Jan 28, 2015 1:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Transferring from Edward Jones to Vanguard IRA questions
Replies: 4
Views: 462

Re: Do you reject mutual funds if assets grow too large?

Size doesn't matter for run of the mill index funds or quasi-index funds tracking a popular index. Niche funds investing in East Coast umbrella manufacturers - that's a different matter. And for Short Term Corporate, I don't think size is a problem. The market is huge, so there will always be opport...
by Dale_G
Wed Jan 28, 2015 12:38 am
 
Forum: Investing - Theory, News & General
Topic: Do you reject mutual funds if assets grow too large?
Replies: 4
Views: 637

Re: What mutual fund companies do you use?

I've been with Vanguard since 1982, but I have had 401k accounts at TRP and Fido. Everything is now at Vanguard.

I could move some funds to other brokerages to collect bonuses, but somehow it goes against my grain.

Dale
by Dale_G
Tue Jan 27, 2015 11:59 pm
 
Forum: Investing - Theory, News & General
Topic: What mutual fund companies do you use?
Replies: 61
Views: 2672

Re: Vanguard's Recommended Portfolio

I'd say the portfolio looks just fine. And the bond component should take much time to "manage". I own Total Bond, Intermediate Term Investment Grade and Short Term Corporate in my IRA. I don't think I have touched them for at least the past six years except to annual RMDs. There is no nee...
by Dale_G
Tue Jan 27, 2015 11:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard's Recommended Portfolio
Replies: 16
Views: 2113

Re: How do you rebalance with overlapping funds?

Grumble. Vanguard says VTIAX (total international stock market) has 18.7% in emerging markets, but Morningstar, which splits emerging into Europe and Asia, has a total of 9.65% for emerging for the same fund. Am I missing something? Yeah, look at the very bottom of the "portfolio" tab. M*...
by Dale_G
Tue Jan 27, 2015 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do you rebalance with overlapping funds?
Replies: 4
Views: 324

Re: Play money- what is your process?

I gave up "playing" with money about 70 years ago. On average , those who do play should match market returns - less any expenses and taxes - and adjusted for time out of the market. Maybe livesoft will let us know how he does over the next year. Everyone I know who "plays" alway...
by Dale_G
Tue Jan 27, 2015 12:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Play money- what is your process?
Replies: 55
Views: 3350

Re: Bond fund in taxable moved to tax exempt?

It makes sense only if you are in the 25% or higher federal tax bracket.

Dale
by Dale_G
Mon Jan 26, 2015 12:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond fund in taxable moved to tax exempt?
Replies: 5
Views: 582

Re: wife's purse

We have a neighborhood website that sends me "important" emails about where to find someone to fix a leaky faucet or take care of a mouse or how to deal with two ants spotted at pool side. I have to wonder where these folks are from (I pretty much know, but I am not going to say). Of note:...
by Dale_G
Mon Jan 26, 2015 12:11 am
 
Forum: Personal Consumer Issues
Topic: [Purchasing a] wife's purse
Replies: 35
Views: 3090

Re: Poll: Locating deceased person's assets

My heirs know where everything is, and I have an "estate" binder (ad nauseam) as a backup. I have a son however who gets only electronic statements on his password protected PC, and he has a bunch of small CD's spread around the country. His sibling is the beneficiary. Hopefully the banks ...
by Dale_G
Sun Jan 25, 2015 11:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Locating deceased person's assets
Replies: 33
Views: 2256

Re: Total Bond: 23 years of SEC yield and distribution yield

Thanks for the post Kevin. A cursory look at your third chart seems to show that during periods of rising interest rates that the SEC yield will rise compared to the distribution yield and the reverse will occur during periods of declining rates. That is what we should expect. If yields stay constan...
by Dale_G
Sat Jan 24, 2015 5:50 pm
 
Forum: Investing - Theory, News & General
Topic: Total Bond: 23 years of SEC yield and distribution yield
Replies: 32
Views: 3181

Re: RBD/DCA ETF purchasing strategy

Thanks for posting the analysis Rob. It was nice to see numbers that show that this strategy (sort of mini market timing) amounts to a relatively inexpensive hobby activity.

Dale
by Dale_G
Sat Jan 24, 2015 2:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: RBD/DCA ETF purchasing strategy
Replies: 14
Views: 846

Re: I just took back my retirement $ - what should I do with

k. you didn't provide much information. Is this a taxable account or tax deferred or some combination? I suggest you go to http://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 . You can copy and paste to provide details on your situation. The more information you provide, the better will be ...
by Dale_G
Fri Jan 23, 2015 3:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: I just took back my retirement $ - what should I do with it?
Replies: 4
Views: 1412

Re: What percent "Boglehead" are you?

From earlier in the thread: I can appreciate that the Boglehead approach can work adequately for those who are unwilling to spend the significant time and effort necessary to learn how to invest. It certainly beats not having a saving and investment plan. I am a disciplined stock picker with a (geom...
by Dale_G
Fri Jan 23, 2015 12:00 am
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 125
Views: 10247

Re: Safe to invest 100% into one fund family? (Mellon Capita

Well BNY Mellon Capital doesn't make it easy to figure out what they are doing. They don't seem to offer anything that we commonly refer to as mutual funds. The "funds" available to you in your Variable Annuity are probably "trusts" that are similar to mutual funds. Rest assured ...
by Dale_G
Thu Jan 22, 2015 10:31 pm
 
Forum: Investing - Theory, News & General
Topic: Safe to invest 100% into one fund family? (Mellon Capital)
Replies: 3
Views: 607

Re: Inherited IRA rules

And if you are not sure what you eventually want to be invested in - just put all of the funds into the Prime Money Market Fund. Then you can move to your preferred/chosen asset allocation at your leisure.

Dale
by Dale_G
Thu Jan 22, 2015 6:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA rules
Replies: 4
Views: 440

Re: Selling mutual fund to buy ETF - "out of market" risk

The fact is you don't have to be out of the market at all when selling a mutual fund and buying an etf where the buying and selling is done at the same brokerage/mutual fund family. In the case of Vanguard, you can buy the ETF and sell the mutual fund on the same day. The proceeds of the mutual fund...
by Dale_G
Thu Jan 22, 2015 3:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Selling mutual fund to buy ETF - "out of market" risk
Replies: 17
Views: 833

Re: Real 3% (CPI plus 3% guaranteed)

Google shows that The World Bank offered a "Real 3%" option in its retirement plan - at least in 2011 - 2013. From may 1, 2010 to April 30, 2011 the payout was 3% + 2.31% inflation adjustment. There are no other details. Googling "Real 3%" provides additional hits, but I didn't l...
by Dale_G
Thu Jan 22, 2015 1:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Real 3% (CPI plus 3% guaranteed)
Replies: 21
Views: 1811

Re: Asset Allocation Question for parents in retirement

...snip... Currently, they are living solely on social security and pensions (which fully cover their monthly expenses) so are not accessing their tax-deferred and taxable retirement savings. They are 75 and 85 years old .... If the tax-deferred money is all in Roth accounts, it is okay not to acce...
by Dale_G
Wed Jan 21, 2015 4:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Question for parents in retirement
Replies: 4
Views: 500

Re: Ethics of an advisor "handing you off" to a colleague

No big surprise here.

From the Edward Jones website:
We believe the relationship between you and your financial advisor is one of the most important aspects of successful investing.
by Dale_G
Wed Jan 21, 2015 3:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ethics of an advisor "handing you off" to a colleague
Replies: 38
Views: 2918

Re: Ethics of an advisor "handing you off" to a colleague

Breakpoint? There is no breakpoint. You should be able to put together a three fund portfolio at either Fidelity or Vanguard for an all in expense ratio of 0.2 or less. My dollar weighted er at Vanguard is 0.082% For Total International and Total Stock Market the expense ratios at Fidelity and Vangu...
by Dale_G
Wed Jan 21, 2015 3:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ethics of an advisor "handing you off" to a colleague
Replies: 38
Views: 2918

Re: New to Forum - keep advisor Y/N + fund help - thx!

I'll repeat the WOW. This may be the most convoluted portfolio ever posted on the forum. There is no telling what your dollar weighted expense ratio is and I suspect neither your advisor or you know. I only checked two of your funds and the er's were in excess of 1%. The odds are, between the er's a...
by Dale_G
Wed Jan 21, 2015 2:49 am
 
Forum: Investing - Help with Personal Investments
Topic: New to Forum - keep advisor Y/N + fund help - thx!
Replies: 9
Views: 919

Re: Continue to contribute to NQ annuity, or open Roth IRA?

Yes cottons, you should stop contributing to the variable annuity, and open an IRA at Vanguard or increase you 401k contributions. First, the Vanguard variable annuity (VA) is not "awful" in any way. Depending on your age at the time it was started, it may have been a good move by your par...
by Dale_G
Tue Jan 20, 2015 2:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Continue to contribute to NQ annuity, or open Roth IRA?
Replies: 8
Views: 379

Re: Setting price limit for ETF

For very active ETFs like VTI and VXUS, it is easiest to simply place a market order. Most of the time you will pay the ask price, but sometimes a bit less. Your order should be filled immediately. If you want, you can set a limit order at the ask price, but if the market moves higher while you were...
by Dale_G
Tue Jan 20, 2015 1:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Setting price limit for ETF
Replies: 22
Views: 1207

Re: Fund Placement Concerns - Rebalance or Pay Cap Gains Tax

My assets are distributed 63% taxable and 37% tax-deferred/tax-free. The deferred/free assets are 98% bonds, so there is negligible room to do any rebalancing out of equities in those accounts. Redirecting dividends does help, but given the out-sized equity returns of the past five years and draggin...
by Dale_G
Mon Jan 19, 2015 1:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Fund Placement Concerns - Rebalance or Pay Cap Gains Tax?
Replies: 12
Views: 717

Re: When is it tax loss harvesting...

I agree totally with the other contributors. Sell the losers, take the loss and invest the proceeds in a broad based fund. If you are in the 25% or higher bracket, it is probably okay to "bank' the losses and use them against ordinary income in the future. My inclination however, would be to se...
by Dale_G
Sun Jan 18, 2015 11:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: When is it tax loss harvesting...
Replies: 9
Views: 901

Re: Personal Finance 2015 Checkup

Your plan looks very good. You seem to have an excellent grasp of what is important. You didn't mention life or disability insurance, but I assume you have these bases covered. Somehow I doubt a CFP would have much to add.

Good luck,

Dale
by Dale_G
Sun Jan 18, 2015 4:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Personal Finance 2015 Checkup
Replies: 6
Views: 1383

Re: Help in Realizing the Value of a Variable Annuity

With partial annuitizations and reinvestment into the same variable annuity would we get the same 4% guaranteed income streams? If so, we would never have to get less than this in our fixed income investment. Probably too good to be true. By my reading of my contract, that is the case. I annuitized...
by Dale_G
Sat Jan 17, 2015 11:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help in Realizing the Value of a Variable Annuity
Replies: 12
Views: 857

Re: Help in Realizing the Value of a Variable Annuity

Yep, partial withdrawals are permitted. Don't get me wrong, this is a good problem to have, but my head is positively spinning. I think you intended to say that partial annuitizations are permitted. I think that is a useful feature. Apparently after a partial annuitization, you can still add money ...
by Dale_G
Sat Jan 17, 2015 10:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help in Realizing the Value of a Variable Annuity
Replies: 12
Views: 857

Re: Help in Realizing the Value of a Variable Annuity

I consider the annuity as a bond component in my asset allocation. The payments go directly to the Vanguard account and then go into Muni's. There is nothing magic about 10 years, you might pick a number that best smooths your income until your RMDs start. And don't worry about the annuity presently...
by Dale_G
Sat Jan 17, 2015 8:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help in Realizing the Value of a Variable Annuity
Replies: 12
Views: 857

Re: Help in Realizing the Value of a Variable Annuity

I was referring to annuitizing your existing annuity. Take a look at the contract. You can elect to have variable payments based on the performance - or take fixed payments based on the guaranteed rate. Look in the area of the "Annuity Table". That section gives you the scoop on all of the...
by Dale_G
Sat Jan 17, 2015 2:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help in Realizing the Value of a Variable Annuity
Replies: 12
Views: 857

Re: Help in Realizing the Value of a Variable Annuity

.... 1) If I convert my t-IRA to a Roth by age 70, then start surrendering my variable annuity at the same 29% total average federal and state tax rate (just south of the start of the AMT), I get access to my $1.2M basis only when I am 95. This is far too late to whoop it up - especially since I wo...
by Dale_G
Sat Jan 17, 2015 12:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help in Realizing the Value of a Variable Annuity
Replies: 12
Views: 857

Re: Investment Advice

Hi razzle, welcome to the forum. You are lucky to have a thick skin. Sometimes you need it around here, but it is "tough love" that we offer. :D I agree with Duckie and Novine, you have a lot of overlap in your funds. When you simplify by eliminating duplicative funds, you will find "...
by Dale_G
Sat Jan 17, 2015 12:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Investment Advice
Replies: 16
Views: 1779

Re: Help with a variable annuity

First, I owned a Vanguard Variable Annuity for many years. I have now annuitized it. It served me very well. To summarize a few points that have already been made: 1. If you cash in the policy, you will pay the surrender fee, but (assuming it was funded with after tax money), you will only pay the 1...
by Dale_G
Fri Jan 16, 2015 10:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Update...Help with a variable annuity
Replies: 30
Views: 1262

Re: Getting deposed -- do I need to hire my own lawyer?

I have been deposed several times in patent matters. It is a simple matter to tell the truth as you know it. I didn't find it stressful at all. I can't imagine why the OP would need a personal lawyer absent buying, selling or stealing confidential information.

Dale
by Dale_G
Fri Jan 16, 2015 2:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting deposed -- do I need to hire my own lawyer?
Replies: 47
Views: 4537

Re: Inflation-Indexing Wish List

Tax loss: The amount of capital loss that can be applied against ordinary income was set at $3,000 for MFJ ($1500 single ) in 1978. If the limit had been inflation adjusted it would now be about $10,860.

Don't expect any change in the near future.

Dale
by Dale_G
Thu Jan 15, 2015 11:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inflation-Indexing Wish List
Replies: 12
Views: 908

Re: Dazed, Confused and Upset

Does anyone have any pointers on how to have the conversation with the EJ advisor and what that conversation should entail? I do know that I wouldn't have to talk to him at all but that just wouldn't be right in this type of situation. He is a distant relation and very close family friend whom I ha...
by Dale_G
Tue Jan 13, 2015 12:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Dazed, Confused and Upset
Replies: 63
Views: 6286

Re: Getting Organized and Planning for the Future

Paying adviser $1000/ yr with quarterly face to face meetings. Plus approx 1.5% wrap fee billing. Is this too much? You didn't provide the total value of the accounts under the adviser's care, but on a percentage basis - Yes, way too much. The 1-1/2% for assets under management fee is the highest I...
by Dale_G
Tue Jan 13, 2015 12:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Getting Organized and Planning for the Future
Replies: 13
Views: 1361

Re: How to evaluate "fixed account" fund?

Where do I sign up? That is very nice rate. This is a GIC (Guaranteed Investment Contract). It is similar to the "stable value" fund found in many 401k plans, except that stable value funds sometimes use GICs from a number of insurance companies, which reduces the risk of losing everything...
by Dale_G
Mon Jan 12, 2015 10:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to evaluate "fixed account" fund?
Replies: 3
Views: 357

Re: How are company vehicles taxed?

When I had company cars, I had to track business and personal mileage. I also had to pay for all gas. Mileage was reported at the end of the year and somehow the cost was apportioned. I seem to remember my tax cost was less than $1,000 a year. Sweet deal. I had 2 Volvo 960's in the early days, then ...
by Dale_G
Sun Jan 11, 2015 11:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: How are company vehicles taxed?
Replies: 6
Views: 733

Re: Sanity check: turnover of my active management vs. Vangu

clast, I am glad that I am my own "wealth manager". With a slightly larger portfolio than yours and similar asset allocation, I had capital gains of less than $1,000 in 2014 - and almost all of that was from municipal bond funds. You can't do much about the dividends from equity funds, tha...
by Dale_G
Sat Jan 10, 2015 5:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Sanity check: turnover of my active management vs. Vanguard?
Replies: 11
Views: 1786

Re: Refining bond/equity formula in the expensive-bond era

You also need to consider REAL return. With the relatively low inflation we've had for the past 5-10 years, real bond returns aren't spectacularly bad. Oh, I should love the relatively low inflation we have had recently. My little pension started in 2001, and today it buys about 74% of the goods an...
by Dale_G
Sat Jan 10, 2015 1:43 am
 
Forum: Investing - Theory, News & General
Topic: Refining bond/equity formula in the expensive-bond era
Replies: 17
Views: 1444

Re: SEC Yield, YTM, Distribution Yield, Current Yield

Somehow I missed this thread earlier :|, but I am glad I finally caught up with it. I congratulate those who persevered with the great detective work. On many fronts, I think you are pretty close to the truth. I'm sure I now know a lot more about the inner workings of a bond fund than I ever managed...
by Dale_G
Sat Jan 10, 2015 12:19 am
 
Forum: Investing - Theory, News & General
Topic: SEC Yield, YTM, Distribution Yield, Current Yield
Replies: 104
Views: 13884

Re: Beware of Investing Based on Rising Rates

It was just yesterday that I chided a grown son about keeping excessive cash in a money market fund since 2008. I pointed out (somewhat pointedly :happy ) that $10,000 invested in Prime MM 5 years ago would be worth $10,017 today. The same $10,000 invested in Vanguard's Intermediate Term or Long Ter...
by Dale_G
Thu Jan 08, 2015 5:02 pm
 
Forum: Investing - Theory, News & General
Topic: Beware of Investing Based on Rising Rates
Replies: 22
Views: 2113

Re: Discretionary retirement spending source

It is an interesting question - and one that I have thought about. I don't think there one solution for all. There are a lot of moving parts. It depends on your tax situation, how long you expect to be around, and the economic and tax situation of the heirs. In my case, I have a substantial amount o...
by Dale_G
Wed Jan 07, 2015 9:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Discretionary retirement spending source
Replies: 3
Views: 583

Re: Demystifying expense ratios: VTSAX vs VTSMX

.... For reasons I still don't understand, a small chunk of money was invested in VTSMX, not VTSAX which I also hold. I'm in the middle of trying to figure that one out with Vanguard. ..... You don't have to spend much time figuring it out with Vanguard. Just go to the website and exchange "al...
by Dale_G
Wed Jan 07, 2015 5:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Demystifying expense ratios: VTSAX vs VTSMX
Replies: 10
Views: 1270
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