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Re: Backpedaling: Rising Equity Allocation During Retiremen

My SS, tiny pension and annuity more than cover my ordinary expenses (including taxes that amount to 1/3rd of expenditures). But more importantly, as I continue to mature my likely dependence on the investment portfolio decreases year by year. Since the portfolio is intended primarily as a legacy, I...
by Dale_G
Wed Mar 04, 2015 7:36 pm
 
Forum: Investing - Theory, News & General
Topic: Backpedaling: Rising Equity Allocation During Retirement
Replies: 22
Views: 1332

Re: switching from Edward Jones

txgirlgolfer, welcome to the forum. The EJ adviser told me their managed funds beat the index 80-90% of the time. When I said I read something that said it was the opposite -- index funds beating actively managed funds 80% of the time, he said that was because those studies compare all the 2600 (or ...
by Dale_G
Wed Mar 04, 2015 5:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: switching from Edward Jones
Replies: 6
Views: 444

Re: not sure about my adviser

So davdolr, it is clear that your adviser did not good a good job for you. It is time to move on. One option is to call Vanguard and ask about their "Portfolio Advisory Services" (PAS). Vanguard charges 0.3% of asset value/year to manage your account. No load funds, no high fund expense ra...
by Dale_G
Wed Mar 04, 2015 3:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: not sure about my adviser
Replies: 13
Views: 898

Re: not sure about my adviser

You are right davdolr, your 5 year return was awful. For instance, Vanguard's 2010 Target Retirement fund (presently 36% equities, 64% bonds) was up 49.2% over the past 5 years and the 2015 TR fund (presently 50% equities, 50% bonds) was up 57%. The problem probably has nothing to do with Schwab or ...
by Dale_G
Wed Mar 04, 2015 1:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: not sure about my adviser
Replies: 13
Views: 898

Re: Vanguard Personal Advisor Service Investment Plan

texasdmd, welcome to the forum. The Total Stock Market and Total International funds recommended by PAS are the primary funds for a taxable account. You are young (that is good!) and confess to not knowing a lot about investing. I suggest that you proceed with PAS and continue to learn about investi...
by Dale_G
Tue Mar 03, 2015 11:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Service Investment Plan
Replies: 28
Views: 1660

Re: Advice on my choice on index funds

Welcome to the forum rofl. Many people here are not familiar with every ticker symbol. If you click in the edit button in your first post, you can add the fund names. It is likely you will get more answers. It also gets a little quiet here late at night, so be patient. The present maximum annual con...
by Dale_G
Tue Mar 03, 2015 1:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice on my investment plan [updated]
Replies: 5
Views: 508

Re: What can I expect in return?

No one knows what investment returns will amount to over the next 30 years. In the short term (10 years) many believe stocks may return 6%, bonds 3%-4% and cash (via Cds) 2%-3%. These are nominal returns. The real returns (buying power) will be lower by the rate of inflation. With 1/3rd of your asse...
by Dale_G
Sun Mar 01, 2015 11:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: What can I expect in return?
Replies: 7
Views: 916

Re: What's your average ER?

0.080 - My emerging market bonds keep me from getting any lower.
by Dale_G
Sun Mar 01, 2015 11:12 pm
 
Forum: Investing - Theory, News & General
Topic: What's your average ER? [Expense Ratio]
Replies: 102
Views: 4618

Re: Dividends + LT/ST Capitol Gains for retiree (GES)

There is nothing wrong with dividends and capital gains if you are spending the money anyway. Good on you - enjoy.

Dale
by Dale_G
Sun Mar 01, 2015 11:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dividends + LT/ST Capitol Gains for retiree (GES)
Replies: 11
Views: 599

Re: Managing a larger portfolio with possible life changes a

By the way msa6, I think managing a "larger portfolio" is much easier than managing a "smaller portfolio" that is "just enough". The larger portfolio requires decisions about whether to fly first class, business class or coach. The smaller portfolio is about figuring ou...
by Dale_G
Sun Mar 01, 2015 6:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Managing a larger portfolio with possible life changes ahead
Replies: 16
Views: 787

Re: Managing a larger portfolio with possible life changes a

Portfolio Solutions undoubtedly has a large number of clients in the decumulation phase. I have no doubt they can structure a portfolio to permit tax efficient distributions. And I agree with retiredjg: I suspect the task at hand is more difficult in your eyes than in reality. It really can be very ...
by Dale_G
Sun Mar 01, 2015 5:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Managing a larger portfolio with possible life changes ahead
Replies: 16
Views: 787

Re: Creating sub-accounts in vanguard

"Family" account totals are used to determine "Voyager", "Voyager Select" and "Flagship" status. Admiral class is based on a particular fund holding in a single account.

Dale
by Dale_G
Sun Mar 01, 2015 3:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Creating sub-accounts in vanguard
Replies: 4
Views: 525

Re: Inherited Non-Qualified Annuity

Just to be clear -my intention was to leave the value in a variable annuity contract - as opposed to a fixed annuity. I don't need the guaranteed income (still working for 20 more years), and am willing to take market risk. I just want low cost investment options - and limited insurance riders, etc...
by Dale_G
Sun Mar 01, 2015 2:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inherited Non-Qualified Annuity
Replies: 9
Views: 330

Re: Inherited Non-Qualified Annuity

...If the contract is annuitized at a fixed rate there should be no expenses. The payments are fixed at the embedded rate stipulated by the annuity tables. ... The fixed rate takes into account the expenses. Presumably the fixed rate reflects what the insurance company expects to earn on the money,...
by Dale_G
Sun Mar 01, 2015 2:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inherited Non-Qualified Annuity
Replies: 9
Views: 330

Re: Inherited Non-Qualified Annuity

... whereas if the beneficiary stretches it over his/her life expectancy, he/she will incur high expenses, and all of the future income and gains will be ordinary income. ... If the payments have to be annuitized, you'll incur some expenses even if they're not transparent, and you'll give up flexib...
by Dale_G
Sun Mar 01, 2015 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inherited Non-Qualified Annuity
Replies: 9
Views: 330

Re: Inherited Non-Qualified Annuity

navahowhite, you haven't explained what the problem is. Forget the 1035 exchange for the moment. As a non-spousal beneficiary of a non-qualified annuity you have to withdraw the money from the VA as a lump sum, over a period of five years, or you can annuitize for a fixed period or lifetime (with va...
by Dale_G
Sun Mar 01, 2015 12:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inherited Non-Qualified Annuity
Replies: 9
Views: 330

Re: Turbo Tax Deluxe or Premier... What is going on?

bbrock, you can "upgrade" your deluxe version for free from within TurboTax. if you used TT in 2013. TT has not "fixed" Deluxe to enable schedule D, so you need to use "Premier". From the Intuit website: Are you a returning Deluxe customer? After you transfer last year'...
by Dale_G
Sat Feb 28, 2015 11:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax Deluxe or Premier... What is going on?
Replies: 7
Views: 676

Re: Annuities and Asset Allocation

I agree with Sagenick48 in that the annuity is an income stream that reduces your need for other portfolio cashflows. Whether the annuity is a bond or not, isn't too important compared to what you want the rest of the portfolio to be. My annuities are for a fixed term (and could be sold if need be),...
by Dale_G
Sat Feb 28, 2015 7:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Annuities and Asset Allocation
Replies: 17
Views: 1136

Re: Annuities and Asset Allocation

puravida - it depends on how you annuitize. If you annuitize for life, the annuity has no defined value and should be regarded as an income stream. If you annuitize for life with some period certain, the annuity does have a defined minimum value and that portion could be regarded as a bond with a th...
by Dale_G
Sat Feb 28, 2015 6:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Annuities and Asset Allocation
Replies: 17
Views: 1136

Re: Tax help with subletting....

And without a doubt, the 120K you spent to make the place livable is a capital improvement - not a repair. No longer a landlord, but I've been there, done that.
by Dale_G
Fri Feb 27, 2015 6:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax help with subletting....
Replies: 7
Views: 394

TurboTax - SKIP THIS - COVERED ELSEWHERE

[Post merged into here, see below. --admin LadyGeek]

I imported my Vanguard Brokerage tax forms into TurboTax Premier this morning. The 1099-divs came along, but the 1099-B info did not show up on schedule D.

Anybody else with the same problem?

Dale
by Dale_G
Fri Feb 27, 2015 1:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard brokerage tax forms changed to late Feb. question
Replies: 90
Views: 6186

Re: Vanguard brokerage tax forms changed to late Feb. questi

My brokerage forms are available at Vanguard, but TT sez they will not be available until Feb 27th.

Oh well, I will have to send money off to the feds anyway, but I always like to know how many aluminum cans I will have to collect before the witching hour.

Dale
by Dale_G
Tue Feb 24, 2015 9:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard brokerage tax forms changed to late Feb. question
Replies: 90
Views: 6186

Re: Why move my 401(k) to Vanguard?

You are fortunate to have at least two very low cost funds in your 401k. But if you intend to move 401k money to Vanguard after you retire to improve your fund options, you might as well move all of the money. The Vanguard S&P 500 Admiral class also has an e.r. of .05%. Your 401k Total Bond Mark...
by Dale_G
Tue Feb 24, 2015 8:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why move my 401(k) to Vanguard?
Replies: 5
Views: 457

Re: Exit Strategy VUL policy

Option 4: Role all the monies into a variable annuity, avoiding the capital gains tax by the insurance version of a 1039 exchange ( I believe it is a 1035 exchange??) Although attractive, I would lock myself into another high cost vehicle, albeit one that might provide some downside protection. A p...
by Dale_G
Mon Feb 23, 2015 11:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Exit Strategy VUL policy
Replies: 10
Views: 753

Re: Social Security DOB wrong for taxes

Social Security had a son's birth date off by one day. I tried to e-file using the correct date, but no go. Somehow I knew the date SS had and used that date - it worked. Later he went to the SS office with birth certificate, picture ID and a copy of his original SS# application (with the correct bi...
by Dale_G
Mon Feb 23, 2015 3:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security DOB wrong for taxes
Replies: 2
Views: 222

Re: What % of your gross income do you spend on mortgage/ren

About 8% including all maintenance and utilities. The mortgage is zero. TradingPlaces wants me to include carrying costs: The unbiased estimator here is your carrying costs. All carrying costs. But I do not track the carrying cost of my 53 year old wedding band, my 20 year old garden hoe and other j...
by Dale_G
Sun Feb 22, 2015 1:14 am
 
Forum: Personal Finance (Not Investing)
Topic: What % of your gross income do you spend on mortgage/rent?
Replies: 155
Views: 8734

Re: self-directed IRA loan for mortgage to a family member

.... However, upon reviewing the IRS guidelines for self-directed IRA lending, it states that you cannot lend to family members ("disqualified person"), only strangers. Otherwise the IRA becomes taxable. The idea was for me to pay the loan plus interest directly back into the IRA via a cu...
by Dale_G
Fri Feb 20, 2015 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: self-directed IRA loan for mortgage to a family member
Replies: 10
Views: 553

Re: Ignore the experts but can you invest by consensus?

We need to know the investors marginal tax rate. At 25% and higher a muni will currently be better than Total Bond.
by Dale_G
Fri Feb 20, 2015 12:08 am
 
Forum: Investing - Theory, News & General
Topic: Ignore the experts but can you invest by consensus?
Replies: 15
Views: 1021

Re: Vanguard International Index Fund

The Total International fund covers all of the bases. And since Vanguard's Total International ETF is just another share class of the Total International fund, there will be no difference as far as "tax efficiency" is concerned.

Dale
by Dale_G
Thu Feb 19, 2015 1:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard International Index Fund
Replies: 4
Views: 419

Re: Question about Vanguard Fees

Financial Engines is certainly free via the Vanguard site. I "peek" every couple of years. I have never seen anything foolish except in the distant past FE once suggested selling something in the taxable account that would have been costly in terms of taxes. There are some interesting tool...
by Dale_G
Wed Feb 18, 2015 10:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about Vanguard Fees
Replies: 5
Views: 921

Re: Shouldn't bond fund holders celebrate if rates go up?

We are probably on the same wavelength OGD. I was not really lamenting taking the risk and receiving negative real returns, it is the name of the game. I own a lot of bonds now, and over the next 5 years at least, I am expecting negative real returns on my TBM holdings after taxes. I am taking the r...
by Dale_G
Wed Feb 18, 2015 12:15 am
 
Forum: Investing - Theory, News & General
Topic: Shouldn't bond fund holders celebrate if rates go up?
Replies: 55
Views: 5012

Re: Cap Gains & Divs killed me this year

My capital gain dividends in my taxable account in 2014 amounted to 0.43% of all taxable dividends. The cap gains were from a muni fund. It has been a l-o-o-n-g time since any of my taxable equity funds have declared a capital gain. If you must own managed funds, they should be in a tax deferred acc...
by Dale_G
Tue Feb 17, 2015 11:02 pm
 
Forum: Investing - Theory, News & General
Topic: Cap Gains & Divs killed me this year
Replies: 61
Views: 5906

Re: Shouldn't bond fund holders celebrate if rates go up?

The investor loaned his money, took the risk , and earned a negative real return. Well, that's not quite fair. The risk DID show up. It's not like when an Edward Jones investor scratches their head wondering why the market did well and all their returns went to fees. That period was the risk you to...
by Dale_G
Tue Feb 17, 2015 10:42 pm
 
Forum: Investing - Theory, News & General
Topic: Shouldn't bond fund holders celebrate if rates go up?
Replies: 55
Views: 5012

Re: Shouldn't bond fund holders celebrate if rates go up?

I just love looking at nominal dollar charts like this. It makes me feel so warm and fuzzy. Doubling my money in 8 years just has to feel so good. I really feel the returns justified the risk I took. :wink: As best I can scale the image, it looks like we started with 1 million and with reinvested di...
by Dale_G
Tue Feb 17, 2015 9:43 pm
 
Forum: Investing - Theory, News & General
Topic: Shouldn't bond fund holders celebrate if rates go up?
Replies: 55
Views: 5012

Re: taxable investment guidance, munis

I have always felt very comfortable with some of the "emergency" money in ready cash, and the balance in relatively safe investments. Muni bonds don't move much, so I consider them as relatively safe as a storage place for emergency funds. Everything depends on your personal situation: ear...
by Dale_G
Tue Feb 17, 2015 4:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: taxable investment guidance, munis
Replies: 5
Views: 526

Re: Hybrid Investment Strategy for Bogleheads

I already own Greek and Russian equities via Vanguard's Total International fund. And because dividends from my domestic equity funds are presently going into International equities, I am buying more quarterly.

Good luck to your friend.

Dale
by Dale_G
Mon Feb 16, 2015 5:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hybrid Investment Strategy for Bogleheads
Replies: 20
Views: 1160

Re: Unusual CD ladder

It is perfectly okay. Your guy could buy a $40,000 CD once a year, $20,000 CDs twice a year, $10,000 CDs quarterly, $3,333 CDs monthly or $769 CDs weekly. Except for the record keeping and the fact that larger dollar CDs might pay a little better, it amounts to about the same thing. Oh, and when the...
by Dale_G
Sun Feb 15, 2015 1:05 am
 
Forum: Investing - Theory, News & General
Topic: Unusual CD ladder
Replies: 3
Views: 841

Re: 5.6% stable value fund - what allocation?

I would be all in for the bond component of my assets - assuming that the rules about exchanging out were not too onerous - like 3 years notice :D . This fund is a perk for the employees, and much better than free coffee or a turkey at Thanksgiving. Any job openings? No age discrimination I hope. Dale
by Dale_G
Sun Feb 15, 2015 12:39 am
 
Forum: Investing - Theory, News & General
Topic: 5.6% stable value fund - what allocation?
Replies: 29
Views: 2527

Re: Should I sell ETFs after less than a year to rebalance?

It is okay to do one thing at a time as long as you continue to move to a simpler situation. When the company stock that you own now has been held for a year, sell it then. You will likely pay the feds 15% of the profit - and whatever your state may extract from you. Investing the proceeds in a broa...
by Dale_G
Sat Feb 14, 2015 4:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I sell ETFs after less than a year to rebalance?
Replies: 3
Views: 344

Re: Shouldn't bond fund holders celebrate if rates go up?

Yes, we should celebrate if real interest rates go up. But if rates go up to match rising inflation, then it is a losing proposition after taxes - and most of us will eventually pay taxes on the accumulated bond interest in 401k or traditional IRA accounts. Dale You are correct if the stuff we are ...
by Dale_G
Fri Feb 13, 2015 5:07 pm
 
Forum: Investing - Theory, News & General
Topic: Shouldn't bond fund holders celebrate if rates go up?
Replies: 55
Views: 5012

Re: Shouldn't bond fund holders celebrate if rates go up?

Yes, we should celebrate if real interest rates go up. But if rates go up to match rising inflation, then it is a losing proposition after taxes - and most of us will eventually pay taxes on the accumulated bond interest in 401k or traditional IRA accounts.

Dale
by Dale_G
Fri Feb 13, 2015 2:09 pm
 
Forum: Investing - Theory, News & General
Topic: Shouldn't bond fund holders celebrate if rates go up?
Replies: 55
Views: 5012

Re: Tolerance for "rebalancing risk" in retirement

Browser, you picked the calendar year of 2008, but I'll pick some other dates that stick in my mind and paint even a bleaker picture. The S&P500 peaked at a closing high of 1563 on October 9, 2007 The S&P500 reached a closing low of 677 on March 9, 2009 The decline was 886 points - or 57%. A...
by Dale_G
Fri Feb 13, 2015 1:08 am
 
Forum: Investing - Theory, News & General
Topic: Tolerance for "rebalancing risk" in retirement
Replies: 29
Views: 1576

Re: Daily update for Mutual Fund

You can sign up with Vanguard for an daily weekday "portfolio alert" email. The email arrives slightly after 6pm.
by Dale_G
Thu Feb 12, 2015 12:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Daily update for Mutual Fund
Replies: 13
Views: 892

Re: Day trading and capital gain tax nightmare

You should be able use a tax preparation program such as TurboTax to download all of the required information from your brokerage account. That will make things a whole lot easier. Basically you will pay a 25% tax on your net short term gains. Day trading may be fun for you, but you are unlikely to ...
by Dale_G
Thu Feb 12, 2015 12:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Day trading and capital gain tax nightmare
Replies: 37
Views: 2958

Re: Deferred Compensation

It partly depends on how much you expect the account to be worth on retirement. You are expecting your income to "be lower", but a lump sum could drive you into a higher tax bracket than you expect. Look into the tax ramifications of the lump, 5 & 10 year distribution schedule. Keep in...
by Dale_G
Thu Feb 12, 2015 11:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Deferred Compensation
Replies: 9
Views: 673

Re: A few questions on taxable account

1. For convenience, you may as well stick with Fidelity

2. Use the Fidelity Spartan funds

3. In your tax bracket (assuming the same bond risk), muni's will have higher after tax returns

Dale
by Dale_G
Mon Feb 09, 2015 5:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: A few questions on taxable account
Replies: 9
Views: 1108

Re: Retirees and estimated tax payments

Estimated tax payments are not required if withholdings at any time of the year are enough to meet the safe harbor requirements. I do not make estimated payments (I do have a small amount withheld from an annuity payment). I take the bulk of my RMD at the end of the year - and have enough taxes with...
by Dale_G
Mon Feb 09, 2015 5:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirees and estimated tax payments
Replies: 31
Views: 1671

Re: Matching Liabilities, Rebalancing and Fungibility

I use a bucket system, sort of. My first bucket is my wallet. I just checked, it has $36 in it. This is a bit less than 0.1% of my yearly expenses, excluding taxes. I only use this cash to buy stuff at the local fruit market. I will have to refill this bucket before peach season starts in June. My s...
by Dale_G
Sun Feb 08, 2015 1:49 am
 
Forum: Investing - Theory, News & General
Topic: Matching Liabilities, Rebalancing and Fungibility
Replies: 3
Views: 508

Re: About to stop using DFA/Dropping Advisor

When I left my financial advisor I went from TD Ameritrade institutional to retail and was able to hang onto my two DFA funds, DFIVX and DFSVX. I asked them on the phone if they were able to hang onto them, and they said they could as custodians. Vanguard would not have been able to hang onto them,...
by Dale_G
Sun Feb 08, 2015 12:35 am
 
Forum: Investing - Help with Personal Investments
Topic: About to stop using DFA/Dropping Advisor
Replies: 29
Views: 3922

Re: Newb Dilemma

You guys are in good shape, you are young and have a nice income. I would be very aggressive in paying down that 9-1/2% debt. As a matter of fact, I wouldn't contribute anything more to the 401k or 403b than required to obtain the employer match. People advise getting started early in investing, &qu...
by Dale_G
Sun Feb 08, 2015 12:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Newb Dilemma
Replies: 10
Views: 958
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