Search found 2445 matches

by Dale_G
Thu Jul 02, 2015 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Girlfriend's Money Manager--Should She Switch to Vanguard?
Replies: 30
Views: 2428

Re: Girlfriend's Money Manager--Should She Switch to Vanguard?

A 5.75% load sounds like a 1 time event - and it is, but it has a serious effect on the eventual portfolio value. Neglecting the high fees associated with loaded funds, the ending portfolio will always be 5.75% less than it would have been without the load. Start with $100,000 in a non-load fund and...
by Dale_G
Tue Jun 30, 2015 12:31 am
Forum: Investing - Help with Personal Investments
Topic: Re-evaluating Managed Portfolio
Replies: 15
Views: 1901

Re: Re-evaluating Managed Portfolio

As far as the ODMAX is concerned, just sell it in the current account and put the proceeds in a money market or cash fund. The cash will move to Vanguard.

Dale
by Dale_G
Wed Jun 24, 2015 11:22 pm
Forum: Investing - Theory, News & General
Topic: What ratio are you stocks/bonds and how old are you?
Replies: 268
Views: 17526

Re: What ratio are you stocks/bonds and how old are you?

Overall, I'd say the boglehead's allocation to stock is pretty consistent. 2007 and 2015 are both close to market peaks and the equity allocation is similar. In 2011 we were still recovering from the crunch of 2008/2009, so it is not surprising that equity allocations were a bit lower at that time. ...
by Dale_G
Wed Jun 24, 2015 9:41 pm
Forum: Investing - Theory, News & General
Topic: Researching Principal Life Insurance Company
Replies: 8
Views: 1252

Re: Researching Principal Life Insurance Company

This fund apparently directly owns a variety of real estate properties - some, most, or all of which are mortgaged. In 2009 they did freeze withdrawals from the fund except for those who died, became disabled or reached full retirement age. And apparently from day 1, investors should have been aware...
by Dale_G
Wed Jun 24, 2015 4:15 pm
Forum: Investing - Theory, News & General
Topic: What ratio are you stocks/bonds and how old are you?
Replies: 268
Views: 17526

Re: What ratio are you stocks/bonds and how old are you?

Age 78 - and 70% equities. For most of my "investing career" I was happy with 50%-60% equities. It was a, "Let's make sure we have enough and not lose a whole lot kind of mindset". These days we have well more than enough and no need to take any risk. Excluding taxes, SS and a sm...
by Dale_G
Wed Jun 24, 2015 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on consolidating under 5/3
Replies: 2
Views: 247

Re: Advice on consolidating under 5/3

It appears that you can have a plain vanilla brokerage account at 5/3 without the assistance of one of their "investment professionals". You should be able to move your Fidelity and Vanguard assets there "in kind". You can hunt around on their 5/3 website to get some general info...
by Dale_G
Tue Jun 23, 2015 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: I’m considering changing the 'location' of my investments
Replies: 5
Views: 1231

Re: I’m considering changing the 'location' of my investments

Yup, bonds belong in tax deferred for me. I don't mind that the equities have gains of a few hundred percent in the taxable account, while bonds in the deferred accounts are just plugging along. If I had bonds in taxable and equities in my IRA, taxes on the RMD would triple. Besides, my heirs will a...
by Dale_G
Mon Jun 22, 2015 11:57 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Variable Annuity
Replies: 4
Views: 714

Re: Advice on Variable Annuity

Your friend should look at the "annuity tables" in the contract. This an older contract and the guaranteed interest rate may be significantly higher that available in either CDs or bonds. Your friend probably knows that he has a lot of annuitizing options: Single life, joint and last survi...
by Dale_G
Sun Jun 21, 2015 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Help with investment
Replies: 13
Views: 1437

Re: Help with investment

The fund has basic expenses that are related to investing whether those are legal, compliance or hiring someone to hold the securities. These expenses are generally a function of the total assets of the funds. The fund also has record keeping, mailing and client communication expenses. These latter ...
by Dale_G
Sun Jun 21, 2015 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: Role of annuities in low SWR situations
Replies: 29
Views: 3264

Re: Role of annuities in low SWR situations

I see no reason for an annuity in the case of a 2% withdrawal from the portfolio. Annuities, like auto, home and life insurance are supposed to be money makers for the insurance companies. Some annuitants will collect more, others will collect less, but a fair estimate is that the annuitants as a cl...
by Dale_G
Sun Jun 21, 2015 7:15 pm
Forum: Investing - Theory, News & General
Topic: Robo Advisor for people in retirement
Replies: 8
Views: 1495

Re: Robo Advisor for people in retirement

_ _. . _ _ _ _ _ (Good evening old man for the non cw folks ... hmmm.. spacing not great). Assuming LS conservative is what you want for an asset allocation, I don't know how a robo adviser can add anything but a little more in the way of fees. I am not ready to go the LS route yet, but when I no lo...
by Dale_G
Sun Jun 21, 2015 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Help with investment
Replies: 13
Views: 1437

Re: Help with investment

The Total Stock Market fund is a #1 choice for a broad domestic market fund. It is certainly the core fund in most Boglehead portfolios. The expense ratio is 0.05%, so the cost is $50 per $100,000 invested. An institutional class of Total Stock Market (VSMPX) is available with an expense ratio of 0....
by Dale_G
Sun Jun 21, 2015 12:17 am
Forum: Investing - Help with Personal Investments
Topic: Help with investment
Replies: 13
Views: 1437

Re: Help with investment

VTSMX and VTSAX are different share classes of Vanguard's Total Stock market fund, so they are the same except for the expense ration.

The minimum investment for the Admiral class fund VTSAX is $10,000 - not $100,000.

Dale
by Dale_G
Tue Jun 16, 2015 1:24 am
Forum: Personal Finance (Not Investing)
Topic: Establishing residency in Florida
Replies: 19
Views: 2642

Re: Establishing residency in Florida

Dr. c, I suggest you follow the link provided by bsteiner. I read most of it and it seems straight-forward and rational. Your intent to make FL your domicile is what really counts. If you are audited, you will need to show by your actions that it was in fact your intent to make FL your "home&qu...
by Dale_G
Tue Jun 16, 2015 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Possible cross-road
Replies: 14
Views: 1777

Re: Possible cross-road

It sounds like a great plan clearsky. You already have a nice chunk of change stashed away and the odds are that it will grow a bit in the next decade. You can do whatever you want. Your quality of life and that of your parents is far more important than increasing the size of the pile. Better to sp...
by Dale_G
Mon Jun 15, 2015 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Maxmyinterest.com Comment
Replies: 14
Views: 2312

Re: Maxmyinterest.com Comment

Any time I have made investments in the name of a trust, the institution wanted a copy of the first page of the trust (or enough pages to show the name of the trust and the name of the trustee) and the signature page of the trust. Since Maxmyinterest moves the funds electronically from one bank to a...
by Dale_G
Mon Jun 15, 2015 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Next step and tax implication ? for newly educated Boglehead
Replies: 2
Views: 420

Re: Next step and tax implication ? for newly educated Boglehead

I agree with mike. I would get out of those funds in a heartbeat. The expenses may not be burdensome at the moment, but as your account grows, and time passes, they will continue to be a drag on your returns.

Best to sell now, before you gains become more significant.

Dale
by Dale_G
Sun Jun 14, 2015 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Variable Annuity - Does it become part of inheritance?
Replies: 38
Views: 2785

Re: Variable Annuity - Does it become part of inheritance?

How will the remaining payments be divided if the owner of the annuity dies in the payout period? Will the beneficiary receive the life guarantee if they picked the life payout? Will the remaining period left on the limited type be handed over? If the annuitant chose the "life only" optio...
by Dale_G
Sun Jun 14, 2015 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Investing Through Retirement Years.
Replies: 22
Views: 3864

Re: Investing Through Retirement Years.

snip.... The thing is, I could potentially roll my 457 and/or my Individual Account balance to an IRA, so that contributions could still be made through the years.......hell.......decades. again, I intend to retire from this line of work in less than 5 years. :moneybag Just to be clear about this: ...
by Dale_G
Sat Jun 13, 2015 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Variable Annuity - Does it become part of inheritance?
Replies: 38
Views: 2785

Re: Variable Annuity - Does it become part of inheritance?

sheople2, there is a fair amount of misinformation above (not referring to dhodson), partly because one piece of critical information is missing. Has the VA been annuitized - that is has it been converted to a series of monthly payments? 1. If the VA was annuitized your parent(s) could have chosen f...
by Dale_G
Sat Jun 13, 2015 4:42 pm
Forum: Investing - Theory, News & General
Topic: Real estate cost basis question
Replies: 3
Views: 498

Re: Real estate cost basis question

Yes, it looks like FIL gave a gift in 1998. If the property was for personal use and not rented, the basis would be $20,000. The fact that the cottage is a tear down doesn't affect anything, assuming there was no catastrophic loss.

Nice gain - be prepared to pay taxes.

Dale
by Dale_G
Thu Jun 11, 2015 10:43 pm
Forum: Investing - Help with Personal Investments
Topic: Am I stuck with my money being managed by Fidelity?
Replies: 61
Views: 5642

Re: Am I stuck with my money being managed by Fidelity?

It looks like the strategic advisors funds are only in the IRA. You could transfer the funds in the taxable account in kind and liquidate the funds in the IRA. Shouldn't incur any capital gains that way . I just wanted to emphasize Afty's comment regarding moving the taxable account to Vanguard &qu...
by Dale_G
Thu Jun 11, 2015 8:29 pm
Forum: Investing - Theory, News & General
Topic: US interest rates and emerging markets
Replies: 3
Views: 506

Re: US interest rates and emerging markets

... snip ... ....so they might as well use a total international stock index fund because the managers of such funds will do the rebalancing for them . The managers of the Total International fund (or those who manage the underlying index) do not "rebalance" based on market performance. E...
by Dale_G
Thu Jun 11, 2015 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Dreyfus Standish Global Fixed Income, Going Down
Replies: 4
Views: 519

Re: Dreyfus Standish Global Fixed Income, Going Down

Actually the fund has done pretty well, probably because it is leveraged in some fashion and has some lower quality bonds in the portfolio. That said, it has a fairly high expense ratio, and how it fares in the future compared to a more conservative fund is anyone's guess. But if you wish to move to...
by Dale_G
Thu Jun 11, 2015 12:26 am
Forum: Personal Finance (Not Investing)
Topic: What Percent Of Your Annual Expenses Are Property Taxes?
Replies: 101
Views: 6178

Re: What Percent Of Your Annual Expenses Are Property Taxes?

I pay about 6% of ordinary living expenses excluding gifts and federal taxes. Fortunately it is only about 1.5% of cashflow. My taxes are about 1.75% of assessed value, but after credits it amounts to about $1 per square foot. In my previous home in Ohio the taxes amounted to about $2 per square foo...
by Dale_G
Wed Jun 10, 2015 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Protective annuity
Replies: 3
Views: 546

Re: Protective annuity

You didn't say whether the policy had been annuitized or not. If it has not been annuitized there will be a number of options available to the named beneficiaries of the contract. If the contract has been annuitized, it may well have a "term certain" provision that continues the payments f...
by Dale_G
Wed Jun 10, 2015 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: Have Vanguard withhold taxes or not? First time IRA withdrawal...
Replies: 8
Views: 1240

Re: Have Vanguard withhold taxes or not? First time IRA withdrawal...

And some of us delay some or all of the distribution until late in the year - and have enough tax withheld at that time to meet the safe harbor rules. For me, it eliminates any need to make quarterly estimated payments.

Dale
by Dale_G
Wed Jun 03, 2015 12:24 am
Forum: Investing - Theory, News & General
Topic: Four Vanguard International Equity Index changing/broadening indexes
Replies: 64
Views: 6347

Re: Four Vanguard International Equity Index changing/broadening indexes

I am glad to see Vanguard broadening the holdings within the international funds, particularly adding Canada to the Developed Markets fund. When the transition is complete I will end up with an overweight to international small caps to the tune of 6 figures, but I can live with that. I won't have to...
by Dale_G
Tue Jun 02, 2015 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: Another refugee from Ameriprise - help!
Replies: 23
Views: 2287

Re: Another refugee from Ameriprise - help!

For sure, your advisor will figure out something is up when you move the IRA funds to cash and cash out the annuities. He/she will come up with a bunch of reasons why this is not a good idea. He/she probably gets to make the same pitch on a weekly basis. Pay no attention. It is business. Your adviso...
by Dale_G
Tue Jun 02, 2015 11:34 pm
Forum: Investing - Help with Personal Investments
Topic: Another refugee from Ameriprise - help!
Replies: 23
Views: 2287

Re: Another refugee from Ameriprise - help!

I inherited the IRAs back in 2013. They were opened by my friend, probably in the early 2000s. If I liquidate them into cash, won't I get hurt with taxes? (Sorry if that's a dumb question, but trying to educate myself here!) Just sell the funds in the IRA and move the proceeds to a money market fun...
by Dale_G
Mon Jun 01, 2015 11:40 pm
Forum: Investing - Theory, News & General
Topic: Dividend yield is a lot less important than buyback yield
Replies: 192
Views: 9447

Re: Dividend yield is a lot less important than buyback yield

Why is it that so many "dividend investors" or "income-focused investors" completely ignore stock buybacks? The tax treatment may be different in a taxable account, but in a retirement account it has the exact same net effect as if they paid a dividend and you reinvested it. Not...
by Dale_G
Sat May 30, 2015 11:38 pm
Forum: Investing - Theory, News & General
Topic: Clements blog-dividend stocks for retirement income
Replies: 58
Views: 5326

Re: Clements blog-dividend stocks for retirement income

I would be very worried investing in high yielding stocks right now as I believe many people are doing so because of the low interest rates on bonds. I don't want to be part of that crowd. I wonder what the exit will look like. The exit might be ugly - but maybe less ugly than the exit from equitie...
by Dale_G
Fri May 29, 2015 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Beneficiary to inherit TIAA Traditional Annuity, wants to withdraw all.
Replies: 6
Views: 803

Re: Beneficiary to inherit TIAA Traditional Annuity, wants to withdraw all.

Keep the money in the retirement accounts and declare bankruptcy. I don't know what has got you in this "bad financial situation" and what decisions you have made in the past, but there's little doubt that taking money out of these accounts would be the worst decision you've ever made. Ve...
by Dale_G
Fri May 29, 2015 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Managing finances in old age
Replies: 6
Views: 727

Re: Managing finances in old age

It doesn't answer the OP's question directly, but auto-pay takes care of all of the routine stuff. My bills for medigap insurance, electric, water, cable, phone, HOA, lawn service, credit cards, and other repetitive bills are directly debited from my checking account. The only things I pay by check ...
by Dale_G
Wed May 27, 2015 10:55 pm
Forum: Investing - Theory, News & General
Topic: Any impartial advocates for the other point of view?
Replies: 32
Views: 2952

Re: Any impartial advocates for the other point of view?

Not much help here - I am biased. I looked at my investment spreadsheet (goes back 35 years) and added up the accumulated cost of a 1% fee/year for the past 20 years. A mere $530,000. The fees would actually have been a bit lower because the ending portfolio would have been about 20% smaller - unles...
by Dale_G
Tue May 26, 2015 8:57 am
Forum: Investing - Theory, News & General
Topic: 401k contributions - does order type matter?
Replies: 7
Views: 671

Re: 401k contributions - does order type matter?

Those Vanguard ETFs are very active. As long as you place your orders while the market is open, you may as well use "market" orders. The orders should fill immediately - and will sometimes fill between the bid and ask price.

Dale
by Dale_G
Sun May 24, 2015 6:09 pm
Forum: Investing - Theory, News & General
Topic: Emerging market bond funds
Replies: 14
Views: 1542

Re: Emerging market bond funds

...Does anyone have an informed opinion of the risk and returns of emerging market bonds going forward? .... No, but I have a fact about its risk in the past: it dropped 40% in less than two months in 1998. And the the Total Stock Market dropped 57% from October 2007 to March 2009. Did this make yo...
by Dale_G
Sun May 24, 2015 4:12 pm
Forum: Investing - Theory, News & General
Topic: Emerging market bond funds
Replies: 14
Views: 1542

Re: Emerging market bond funds

I haven't found any longer data, but one site reports the 5 year correlation of EMB (iShares USD EM bond) to EEM (iShares EM Index) = 0.15 The 5 year correlation of EMB to AGG (iShares Barclays Aggregate Bond) = 0.27 http://www.assetcorrelation.com/majors/1826 EM bonds look like a reasonable diversi...
by Dale_G
Sat May 16, 2015 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help With AA, Particularly International AA
Replies: 16
Views: 1214

Re: Help With AA, Particularly International AA

Option A works because it is the most efficient way to accomplish what you want to do. If international doesn't perform well in the Roth, you can add international elsewhere with less efficiency. But it sounds like you are early in the game and have plenty of time. I would have no concern about havi...
by Dale_G
Sat May 16, 2015 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: MediCare and ? What are your out of pocket costs please.
Replies: 39
Views: 3999

Re: MediCare and ? What are your out of pocket costs please.

In the past 5 years I have had two surgeries and my wife has had three fairly short hospitalizations. We never received a bill. Medicare paid 80% and the medicare supplement picked up the other 20%. I think medicare + the supplement work very well for most people. Part D (drugs) is a bit more proble...
by Dale_G
Fri May 15, 2015 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking ~10 fund recs for taxable account. Low correlation desired.
Replies: 12
Views: 1355

Re: Seeking ~10 fund recs for taxable account. Low correlation desired.

If you want volatility go with individual stocks. The odds are good that you will have some losers.

It should be relatively easy to find pairs of stocks that are are not highly correlated.

Dale
by Dale_G
Wed May 13, 2015 11:34 pm
Forum: Investing - Theory, News & General
Topic: I'm so glad I bought bonds in taxable!
Replies: 13
Views: 3753

Re: I'm so glad I bought bonds in taxable!

My heirs will be so-o-o-o glad I kept equities in the taxable account and bonds in the traditional IRAs. It will save them a minimum of $500K in taxes because of the stepped up basis they will receive. And I am also glad I have equities in taxable and bonds in the IRAs, otherwise my RMDs would push ...
by Dale_G
Wed May 13, 2015 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Amount needed for medical expenses in retirement
Replies: 14
Views: 1985

Re: Amount needed for medical expenses in retirement

I haven't looked at the Fido "analysis" that $364,000 has to be set aside , but our premiums for SS parts B and D + top of the line medigap costs $8,600 per year for a couple. Dental and vision are not included. So for 30 years about $260,000 in today's dollars. Maybe Fido accounts for lon...
by Dale_G
Mon May 11, 2015 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity - Death benifit or move to surviving spouse
Replies: 7
Views: 643

Re: Annuity - Death benifit or move to surviving spouse

Another question; If surviving spouse takes death benefit payout can she roll it tax deferred into a traditional IRA. That is a good question - I would call the IRA specialists at Vanguard and ask them. But still another question is whether this would be the right move. The death benefit payout is ...
by Dale_G
Mon May 11, 2015 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity with UBS!!!
Replies: 20
Views: 2134

Re: Annuity with UBS!!!

I don't want to increase your misery Au Jus, but there are a couple of other things to consider: If you remember we put some of the IRA in this annuity to provide guarantees that no funds or stocks can provide. This makes no sense at all. Annuities are either "qualified" (IRA or 40XX money...
by Dale_G
Mon May 11, 2015 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity with UBS!!!
Replies: 20
Views: 2134

Re: Annuity with UBS!!!

This is an expensive annuity. The basic fee is 1.7% of assets and the underlying funds generally have expense ratios of 1%. So you have about a 2.7%/year drag on returns - assuming you didn't sign up for any of the riders. It looks like you are in year 1-2 of the contract so the surrender fee is = 7...
by Dale_G
Sun May 10, 2015 10:48 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity - Death benifit or move to surviving spouse
Replies: 7
Views: 643

Re: Annuity - Death benifit or move to surviving spouse

There is not enough info to make an informed suggestion, but #1 and #3 are unlikely to be good options. It might be helpful if you would supply the name of the insurance company and the "name" of the annuity. Are these "immediate" annuities that began making distributions in 2008...
by Dale_G
Sat May 09, 2015 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Variable Annuity
Replies: 26
Views: 2538

Re: Vanguard Variable Annuity

I don't want to sidetrack the thread, but: I've owned one (non-qualified) for about 15 years. I bought it while I was working full time (retired now) because I wanted more tax-deferred space. I was already maxing out my IRA and 401k. As annuities go, it's expenses are low but they are still higher t...
by Dale_G
Thu May 07, 2015 12:41 pm
Forum: Investing - Theory, News & General
Topic: 1929 was a great year to buy stocks
Replies: 92
Views: 5326

Re: 1929 was a great year to buy stocks

I don't spend much time worrying about valuations. My re-balancing bands do a bit of smoothing for me.

Dale
by Dale_G
Wed May 06, 2015 5:58 pm
Forum: Forum Issues and Administration
Topic: Submission Misfire on this Board
Replies: 7
Views: 1480

Re: Submission Misfire on this Board

If you have a long and complicated post, you might do it in Word or some other program, and then copy and paste into Bogleheads. Among other things, it lets you compose the post over time if you wish.

Dale

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