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Re: Stop contributing to 401k to pay off CC

I'm concerned that if you were to stop contributing to the 401k's you'd find too much cash in your pocket, increase your spending, and take longer to restart those contributions than you think. I'm strongly with those who show why it makes sense to keep your contributions going to receive the match,...
by Garco
Sun Dec 21, 2014 11:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Stop contributing to 401k to pay off CC
Replies: 21
Views: 1173

Re: Newbie and how to manage a large inheritance

There's a lot going on in your post. I think you should take a systematic look at how this "found money" fits into your lifetime investment plan. If this were invested properly, there's a reasonable chance it would amount to $3-4 million+ by the time you reach retirement age. Of course tha...
by Garco
Wed Dec 17, 2014 8:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie and how to manage a large inheritance
Replies: 15
Views: 1683

Re: What do you splurge on?

Two things I splurge on: 1. RESTAURANTS. When I travel, I often look for the very best restaurant, or among the best or most interesting. One of the true pleasures of my life. Have dined at some of the best in the world over the years. 2. KIDS. Though the kids are grown up, we are always gifting the...
by Garco
Tue Dec 09, 2014 11:26 am
 
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 237
Views: 21584

Re: What to do with VGPMX (Vanguard Precious Metals and Mini

To those advising the OP to stick with the plan, or stay the course, you're missing the point.

He didn't have a plan. He had a wish. He wanted to play roulette. He lost.

There's no reason to double up on a bad bet. No reason to throw good money after bad.
by Garco
Mon Dec 08, 2014 5:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with VGPMX (Vanguard Precious Metals and Mining)?
Replies: 32
Views: 2248

Re: Someone tried to login to my vanguard account yesterday

My name isn't uncommon. Fortunately, with my two financial services/brokerages, I do not need to use my name in my log-in. Instead, both my "userid" and my "pw" are a series of numerals and letters and/or symbols.
by Garco
Fri Dec 05, 2014 11:12 am
 
Forum: Investing - Theory, News & General
Topic: Someone tried to login to my vanguard account yesterday
Replies: 31
Views: 3072

Re: Dividing assets between taxable and tax-deferred accts

Scott: A few preliminary questions: 1) When you say you are in the 28% bracket, is that while you were employed or now that you're retired? If the latter, where is your taxable income coming from? 2) Are you receiving pensions? 3) When do you plan to start receiving Social Security? What percentage ...
by Garco
Thu Dec 04, 2014 12:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Dividing assets between taxable and tax-deferred accts
Replies: 6
Views: 1036

Re: How did you handle the 2008 bear market ?

My reference point is mid-October 2007, which was when my portfolio reached a peak as we were about to head into the recession (country was officially in recession in December 2007). I regained that level in my portfolio by the end of 2010. So it was a 3-year decline and rise. With the exception of ...
by Garco
Fri Nov 28, 2014 12:05 pm
 
Forum: Investing - Theory, News & General
Topic: How did you handle the 2008 bear market ?
Replies: 79
Views: 6289

Re: How to Plan for an Unknown Future

Hello Scott. I'm from a family of engineers but am not one myself. We do plan for the things that can be planned. We sometimes plan against unknowns using a WAG as a plug. But generally we assume "no change" in the absence of information about the future, except when it comes to dollar pri...
by Garco
Mon Nov 24, 2014 9:23 am
 
Forum: Investing - Theory, News & General
Topic: How to Plan for an Unknown Future
Replies: 23
Views: 1966

Re: What percent "Boglehead" are you?

Using Nisiprius' scoring system I'm 71% Boglehead (he is 81%). Kind of surprised myself, since I usually regard the use of broad-based index funds as the defining characteristic of a Boglehead, along with staying the course. I do have several index funds, but I have more managed funds. This is partl...
by Garco
Mon Nov 24, 2014 12:59 am
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 120
Views: 7887

Re: Emergency fund question. please help

Although this may not be conventional, I look at emergency funds not strictly as separate funds allocated to CD's or some bank-type account, but also as funds that I could get access to in an emergency. So when I figure "what money can I get in an emergency" -- I include my home equity lin...
by Garco
Sat Nov 15, 2014 2:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Emergency fund question. please help
Replies: 14
Views: 1937

Re: Joint accounts or separate accounts for married couples?

Perhaps because we have been a one income family, at the very beginning of our marriage we consolidated our debts (which amounted to all of $700), and we have had joint accounts and joint ownership of everything. Although we each have Social Security income, the monthly payments go into an account h...
by Garco
Sun Nov 02, 2014 7:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Joint accounts or separate accounts for married couples?
Replies: 59
Views: 4782

Re: 401k millionaire

I reached $1.0M for the first time in 1999, the second time in 2003, the third time in 2009. Major crashes took me down. The first $1M came after 24 years of investing in 401k plans. (Not counting real property value.) But let's put this in another context. $1.0M in 1975 when I first started to inve...
by Garco
Sat Nov 01, 2014 1:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k millionaire
Replies: 27
Views: 5066

Re: What are you up YTD?

+5.95% ytd with 48% equities.
by Garco
Fri Oct 31, 2014 10:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: What are you up YTD?
Replies: 213
Views: 18788

Re: Checking monthly - may not even notice the October "cras

If you had to withdraw money near the bottom of the recent little trough, it could cost some money. I had to: RMD, which had been prescheduled. But I invest for longer term always. If you had to withdraw money at the bottom of this little trough, the money should not have been in equities anyway. D...
by Garco
Wed Oct 29, 2014 9:43 am
 
Forum: Investing - Theory, News & General
Topic: Checking monthly - may not even notice the October "crash"
Replies: 51
Views: 4446

Re: Checking monthly - may not even notice the October "cras

If you had to withdraw money near the bottom of the recent little trough, it could cost some money. I had to: RMD, which had been prescheduled. But I invest for longer term always.
by Garco
Wed Oct 29, 2014 9:19 am
 
Forum: Investing - Theory, News & General
Topic: Checking monthly - may not even notice the October "crash"
Replies: 51
Views: 4446

Re: What is your best estimate of the SWR (Safe Withdrawal R

I think the concern for a "bad sequence of returns" is reasonable, and reason to be flexible and conservative. But I also think about the possibility of a bad sequence of events : Ill-health, disability, divorce, children/grandchildren in sudden need, etc. Any one of those can really eat i...
by Garco
Sun Sep 28, 2014 11:08 am
 
Forum: Investing - Theory, News & General
Topic: What is your best estimate of the SWR (Safe Withdrawal Rate)
Replies: 77
Views: 4137

Re: What is your best estimate of the SWR (Safe Withdrawal R

I expect to follow a "4% rule" starting next year. Of course no such fixed numeric rule is 100% guaranteed to work out. But given the size of my accumulation, if I build my budget based on starting with 4% w/d in 2015 (and using the standard idea of a COL increment each year thereafter), ...
by Garco
Sat Sep 27, 2014 3:54 pm
 
Forum: Investing - Theory, News & General
Topic: What is your best estimate of the SWR (Safe Withdrawal Rate)
Replies: 77
Views: 4137

Re: What is your best estimate of the SWR (Safe Withdrawal R

I expect to follow a "4% rule" starting next year. Of course no such fixed numeric rule is 100% guaranteed to work out. But given the size of my accumulation, if I build my budget based on starting with 4% w/d in 2015 (and using the standard idea of a COL increment each year thereafter), I...
by Garco
Fri Sep 26, 2014 10:14 pm
 
Forum: Investing - Theory, News & General
Topic: What is your best estimate of the SWR (Safe Withdrawal Rate)
Replies: 77
Views: 4137

Re: Mechanics of paying a financial advisor?

I don't mind writing a check to my investment manager each quarter. I think it is money well spent and I sleep better at night knowing that when I am not be here any longer my spouse will not have to take on a task for which she has no interest or skill. Furthermore, having a trusted investment man...
by Garco
Sun Sep 21, 2014 2:53 pm
 
Forum: Investing - Theory, News & General
Topic: Mechanics of paying a financial advisor?
Replies: 23
Views: 1398

Re: Barron's article: Don't Panic! (retirement news & theory

This article does an excellent job of calling out "retirement panic porn," which is often based on quick-and-dirty analyses of an available data set.
by Garco
Sun Sep 21, 2014 12:47 pm
 
Forum: Investing - Theory, News & General
Topic: Barron's article: Don't Panic! (retirement news & theory)
Replies: 28
Views: 3871

Re: Mechanics of paying a financial advisor?

If you have "cash," the adviser will take the fee from there, at the start of each year of your agreement. They prefer not to sell things for this purpose. Most accounts generate cash. If you use an adviser/manager you should clarify in fact whether he's charging you for the money you keep...
by Garco
Sat Sep 20, 2014 10:27 pm
 
Forum: Investing - Theory, News & General
Topic: Mechanics of paying a financial advisor?
Replies: 23
Views: 1398

Re: What's in your tax advantage accounts?

Taxed advantaged accounts (401k etc.): ~50% equities, 10% stable value, 10% real estate, 30% multiasset + multisector bonds. All equities are mutual funds, with roughly the distribution (LC, MC-SC, International) proposed as Boglehead model, but not restricted to index funds. Taxable accounts (broke...
by Garco
Fri Sep 19, 2014 1:54 pm
 
Forum: Investing - Theory, News & General
Topic: What's in your tax advantage accounts?
Replies: 56
Views: 5062

Re: How to best adjust asset allocation as years pass

I don't know anybody who follows a strict formula. I know people my age (upper 60's) who are 80% equities and others my age who are 30% equities. And I know some who can't answer the question -- it's in the hands of their financial adviser (in other words, they're oblivious). As for me, I'm holding ...
by Garco
Fri Sep 19, 2014 1:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to best adjust asset allocation as years pass
Replies: 21
Views: 1900

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

About to retire (next year). Our accumulated retirement funds are about 16x my last year's salary. Taking SS into account, the amount in retirement funds equals 22x the amount of salary that's not replaced by SS. The problem I have with the original formula (in the OP) is that it assumes people star...
by Garco
Mon Sep 15, 2014 11:50 pm
 
Forum: Investing - Theory, News & General
Topic: How much you need to save as multiple of salary
Replies: 51
Views: 6557

Re: You may want to rethink the odds of ever needing LTCi

So why Don't we see recommendations not to buy homeowners insurance? Banking, and Insurance industries fees and interests, I suspect. If my place was on the ocean, on a flood plane, its rarely even offered, correct? We all know its favorable odds. I've heard the last yr of life is the most expensiv...
by Garco
Sun Sep 14, 2014 3:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: You may want to rethink the odds of ever needing LTCi
Replies: 89
Views: 9449

Re: The Annuity Puzzlement

@PizzaSteve510: Exactly. Thank you for the corrective horse-sense.
by Garco
Sat Sep 13, 2014 1:15 pm
 
Forum: Investing - Theory, News & General
Topic: The Annuity Puzzlement
Replies: 95
Views: 7262

Re: The Annuity Puzzlement

Exactly, dhodson. The main reason to wait is for the mortality credits, not improved interest rates. Another reason is implicit in your comment about your health: facts about your life and financial situation change; you can make more informed decisions about your financial situation and needs after...
by Garco
Sat Sep 13, 2014 10:48 am
 
Forum: Investing - Theory, News & General
Topic: The Annuity Puzzlement
Replies: 95
Views: 7262

Re: The Annuity Puzzlement

I think you've made a basic case for an SPIA. But there are numerous other considerations. Here are two that I think most people are likely to be concerned about. 1) If you have any bequest motive, then you may be reluctant to give up 40% of your wealth to an SPIA. Your calculation only talks about ...
by Garco
Fri Sep 12, 2014 8:01 pm
 
Forum: Investing - Theory, News & General
Topic: The Annuity Puzzlement
Replies: 95
Views: 7262

Re: interesting choices [403b and 457 options]

I have a 403b account as my main retirement account (RA) -- contributed to by both me and my employer. In addition, I have a supplemental retirement account (SRA), to which I contribute but without employer contribution. And I have a 457b deferred-income account, to which I contribute also without e...
by Garco
Thu Sep 11, 2014 11:42 am
 
Forum: Investing - Help with Personal Investments
Topic: interesting choices [403b and 457 options]
Replies: 5
Views: 503

Re: Does DFA emerging markets have any special sauce?

I like the "edge" that I get from DFEVX (DFA em value). If I were you, depending on options available to you, I would go with FPMAX (.20% ER), or with another new very low expense IM fund, which is "cap weighted" and includes some small-caps: IEMG (iShares EM Core) (.18% ER). Tru...
by Garco
Sun Sep 07, 2014 12:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does DFA emerging markets have any special sauce?
Replies: 7
Views: 477

Re: Poll: Cash Holdings

In answering, I have chosen to count series I savings bonds, money market mutual funds, and short term bond mutual funds, as "cash." That's my approach as well, plus cash-cash (bank accounts). Total is about 15%, part of which is dedicated to support a house purchase in the near future, a...
by Garco
Sat Sep 06, 2014 9:11 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Cash Holdings
Replies: 65
Views: 3801

Re: Do you consider your emergency fund part of your portfol

It's a bit of a mix. I have my general emergency fund in what is essentially cash, and not in my brokerage. But in my brokerage I also have a significant amount of very low risk bond holdings that are managed along with the main taxable account in my investment portfolio (which also includes tax qua...
by Garco
Fri Sep 05, 2014 9:25 pm
 
Forum: Investing - Theory, News & General
Topic: Do you consider your emergency fund part of your portfolio?
Replies: 50
Views: 3138

Re: POLL: What was the first stock you ever bought?

I can't quite recall whether I bought this or was given it, but the first was in 1974 and it was Freeport McMoRan -- the predecessor to the current-day FCX, which now is back to its original name but went through several divisions (Freeport Gold, Freeport Exploration, Freeport Oil & Gas) and mor...
by Garco
Fri Sep 05, 2014 5:53 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: What was the first stock you ever bought?
Replies: 74
Views: 3032

Re: Why is my 401k and taxable considered "One Portfolio"?

We had one portfolio of tax qualified funds until a couple of years ago. All of our planning for retirement (which is imminent) focused on those funds. This money plus SS were very likely to be adequate for our retirement budget. We kept the possibility open of a partial annuity as one option, perha...
by Garco
Thu Sep 04, 2014 12:26 am
 
Forum: Investing - Theory, News & General
Topic: Why is my 401k and taxable considered "One Portfolio"?
Replies: 37
Views: 3116

Re: Is a college degree really worth what it costs?

20 years isn't long enough. Should look at 35-40 years. Exactly. Training is for a career. Furthermore, the "average ROI" doesn't tell all you'd want to know. For one thing you want to know the "failure rate," i.e., chance that you're kicked out of the job market or out of the h...
by Garco
Tue Sep 02, 2014 1:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is a college degree really worth what it costs?
Replies: 33
Views: 1857

Re: Age in Stocks: Should you have a Reverse Glidepath?

Upward, downward; downward, upward. Kitces and Pfau's approach, which I think of as a "bowtie" shape, makes sense to me. As I'm just on the cusp of retiring, I'm at the lowest equities percentage of my investing career. But I haven't moved to K & P's 20 or 30% stock allocation. Rather ...
by Garco
Mon Sep 01, 2014 1:49 pm
 
Forum: Investing - Theory, News & General
Topic: Age in Stocks: Should you have a Reverse Glidepath?
Replies: 21
Views: 1477

Re: Moving after retirement.

I am about to retire, and we are having a hard time with this decision. 1. We live in the upper midwest. Sick of frigid winters. Bored living halfway between two oceans. I grew up on W. Coast but haven't lived there for 50 years! But most of my relatives are strewn up and down the coast, from La Jol...
by Garco
Mon Aug 18, 2014 10:02 am
 
Forum: Personal Consumer Issues
Topic: Moving after retirement.
Replies: 43
Views: 4711

Re: Reminder: Check your 401K contribution rates

I have just changed my TSP contributions to reach the annual maximum during my last week of employment in late September. I had to account for the request date, the next pay-period, and the paycheck date as well as several other factors. It's easy to make a mistake and I am grateful for being able ...
by Garco
Sat Aug 16, 2014 12:31 pm
 
Forum: Investing - Theory, News & General
Topic: Reminder: Check your 401K contribution rates
Replies: 27
Views: 3803

Re: Reminder: Check your 401K contribution rates

I guess mine is simple. There is no match and I just set the dollar amount per check for the 457B and 403B. For my supplemental 403b and my 457b that's what I do (there's no employer match on these funds). This year, in fact, I did the radical thing of taking out >60% of my gross pay for the first ...
by Garco
Sat Aug 16, 2014 10:01 am
 
Forum: Investing - Theory, News & General
Topic: Reminder: Check your 401K contribution rates
Replies: 27
Views: 3803

Re: Where do you store your important documents?

Backed up to my file server and a cloud backup service. Still don't understand everyone's facinatiion with paper. This is fine, but what steps have you taken to be assured that your family can find this information in the event of your sudden death? Have you given access to your file server and/or ...
by Garco
Fri Aug 15, 2014 6:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Where do you store your important documents?
Replies: 38
Views: 3391

Re: Where do you store your important documents?

Our originals (wills) are held by the law firm that prepared them. I have a copy and key relatives have the name, address and phone number of the firm. DITTO. The lawyer also has: * originals of trusts, financial power of attorney, patient advocate, and advanced directives ("do not resuscitate...
by Garco
Wed Aug 13, 2014 10:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Where do you store your important documents?
Replies: 38
Views: 3391

Re: [Poll] How I Feel When I Think about Investing, etc.

Investing, personal finances, money: a mixed bag. I like the "game" of investing but have learned not to enjoy the play itself as opposed to focusing on safe outcomes, i.e., balancing possible gains against risks. More generally, for me personal finances is a bore. I'm not the most organiz...
by Garco
Wed Aug 13, 2014 12:07 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] How I Feel When I Think about Investing, etc.
Replies: 36
Views: 2484

Re: Most Hated Brokerage Firm? [or one that you love]

Just for the record, I have had a very good experience with Fidelity, both the brokerage, the CMA, and my three qualified (tax deferred) accounts. In contrast to what somebody mentioned above, I find the web site to be very easy to negotiate and it contains a wealth of information. I really like the...
by Garco
Tue Aug 12, 2014 6:02 pm
 
Forum: Investing - Theory, News & General
Topic: Most Hated Brokerage Firm? [or one that you love]
Replies: 95
Views: 11030

Re: A financial “guru” for world travelers?

Just a hunch but I think that trader keeps wandering in order to stay ahead of Interpol.
by Garco
Tue Aug 12, 2014 10:24 am
 
Forum: Investing - Theory, News & General
Topic: A financial “guru” for world travelers?
Replies: 18
Views: 2098

Re: So where's that inflation many forecasted?

Thanks for the reality check, Larry. I do remember the high inflation periods in the 1970's. My salary, however, was keeping ahead in those days. Over the span of my career, I've moved well ahead, roughly tripling my salary in inflation-adjusted terms. Fortunately, high inflation in the U.S. was not...
by Garco
Mon Aug 11, 2014 10:52 am
 
Forum: Investing - Theory, News & General
Topic: So where's that inflation many forecasted?
Replies: 43
Views: 2899

Re: U.S. stocks in freefall

I don't anchor myself with reference to the latest or highest highs in the equities markets, but rather with reference to: (a) my entire portfolio value considering the entire AA (stocks, bonds, real estate, stable value, etc.), and (b) end of the the previous year. While I would like my portfolio t...
by Garco
Fri Aug 08, 2014 2:26 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1068
Views: 190682

Re: Public not saving for retirement

Great sad illustrations, Crow Hunter. Borrowing from the 401k is like the home refinance drug that got so many homeowners in trouble before the 2008 crash. Neighbor (finance guy) across the street was urging me to refinance my home (which was paid off) so that I could benefit from the low interest r...
by Garco
Fri Aug 08, 2014 10:01 am
 
Forum: Investing - Theory, News & General
Topic: Public not saving for retirement
Replies: 24
Views: 3686

Re: How many Accounts do you log into and how do you manage?

I don't know the actual number that I have pw's for. On a daily to weekly basis, let me count... NYT, WSJ, email accounts (2: my work + GMail), my brokerage accounts (2), Amazon, Barnes&Noble, Apple, Twitter, FB, HiltonHonors, BaseballProspectus, and a handful of others. Any account that I use r...
by Garco
Fri Aug 08, 2014 9:25 am
 
Forum: Personal Consumer Issues
Topic: How many Accounts do you log into and how do you manage?
Replies: 52
Views: 3017

Re: Public not saving for retirement

The stereotypes and callousness of some of the comments here is appalling. Recommending effectively warehousing old, poor Americans in Southeast Asia? Blaming poverty on tobacco use, beer drinking, and tattoos? Let the poor be poor because Jesus said you can't do anything about it? That is some craz...
by Garco
Fri Aug 08, 2014 8:13 am
 
Forum: Investing - Theory, News & General
Topic: Public not saving for retirement
Replies: 24
Views: 3686

Re: what gender are you?

The Wizard wrote:
HueyLD wrote:I am confused.

What is other?

Other is for those who are confused about their gender assignment...

I didn't know this was an assignment. I'm done with school!!!
by Garco
Wed Aug 06, 2014 12:42 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: what gender are you?
Replies: 27
Views: 5428
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