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Re: Diversification among Bonds?

Years ago when interest rates were higher, I followed Annette Thau's plan of using a five year ladder of Treasuries. She described this as a "do it yourself" fund. When rates dropped, I switched to Total Bond Market Index Fund.
LarryG
by LarryG
Sat Nov 22, 2014 11:24 am
 
Forum: Investing - Theory, News & General
Topic: Diversification among Bonds?
Replies: 32
Views: 2886

Re: What percent "Boglehead" are you?

I am 100% , actually 99% if you consider I bonds not index. Since I retired in 1998, my entire portfolio has been in index funds.
It works.
LarryG
by LarryG
Sat Nov 22, 2014 11:15 am
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 119
Views: 6280

Re: How to make withdrawals during retirement

Livesoft.
I have reread your post several times. I would love to "withdraw at the market high for the year".
Please tell me a day or two before the high will be.
Thank you
LarryG
by LarryG
Sun Nov 02, 2014 3:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to make withdrawals during retirement
Replies: 28
Views: 2259

Re: "5 Simple Steps to the Perfect Portfolio"

Taylor, The three funds, A U.S. total stock market index fund, An international total stock market index fund, and A U.S. total bond market index fund are the funds that William Bernstein advises Millennials to use in his book "If You Can How Millennials Can Get Rich Slowly" I have advised...
by LarryG
Fri Sep 12, 2014 11:37 am
 
Forum: Investing - Theory, News & General
Topic: "5 Simple Steps to the Perfect Portfolio"
Replies: 2
Views: 969

Re: How old are you?

Too late to vote, but am 83. Younger than Taylor, but older than Mel.
LarryG
by LarryG
Fri Sep 05, 2014 12:06 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: How old are you?
Replies: 82
Views: 8438

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

When I was a senior at the U. of Michigan, in 1951, I won money at an illegal, Toledo gambling joint. Along with a present for my mother, a new cord suit, and a new baseball glove, I purchased 100 shares in two companies in a new industry. Television Equipment Corporation and Trad Television Corpora...
by LarryG
Thu Sep 04, 2014 3:05 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: What was the first stock you ever bought?
Replies: 74
Views: 2988

Re: Poll: How many own zero/few stocks?

Years ago I owned numerous individual stocks. I then "saw the light" and moved to mutual funds. The light then got brighter and I went to index funds. I have held index funds for about 15 years.
LarryG
by LarryG
Fri Aug 29, 2014 9:13 am
 
Forum: Investing - Help with Personal Investments
Topic: [Sell off individual stocks?] How many own zero/few stocks?
Replies: 68
Views: 2856

Re: Experiences with concrete lifting

We had mud jacking about 19 years ago. This solved the "sinking" problem. Eventually some of the slabs (not ones that were jacked) deteriorated so we had a replacement last year. The mud jacking worked until then.
I would recommend the mud jacking technique.
LarryG
by LarryG
Mon Aug 25, 2014 5:54 pm
 
Forum: Personal Consumer Issues
Topic: Experiences with concrete lifting
Replies: 9
Views: 774

Re: Do you tip on the tax?

I tip on total. We try to tip cash instead of on credit card and almost always more than 20%. When I eat a "cheap" meal like breakfast, I tip 30-40%. The work for breakfast usually is as difficult as for an expensive meal.
LarryG
by LarryG
Fri Aug 22, 2014 8:54 am
 
Forum: Personal Consumer Issues
Topic: Do you tip on the tax? [Restaurants]
Replies: 124
Views: 5463

Re: What was Underestimated\Overestimated in Retirement

I underestimated the amount of income I would have because of RMD from a very successful portfolio.
LarryG
by LarryG
Sun Aug 17, 2014 9:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: What was Underestimated\Overestimated in Retirement
Replies: 48
Views: 4945

Re: The Funniest Movie Ever

Fatso with Dom deluise, Ann Bancroft, and Ron Carey.
LarryG
by LarryG
Sat Aug 16, 2014 10:05 am
 
Forum: Personal Consumer Issues
Topic: The Funniest Movie Ever
Replies: 227
Views: 15460

Re: Who or what inspired you and your investing approach?

A good friend would discuss many aspects of investing. Any time a salesman for a tax shelter would give us a pitch in the surgery lounge, he would say "figure it out". I would then sit down with my slide rule and run the figures-and then say no. After years of playing the "buy the las...
by LarryG
Fri Aug 08, 2014 9:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who or what inspired you and your investing approach?
Replies: 93
Views: 4734

Re: December RMD Withdrawal Timing Question

The discussion of the timing of RMD withdrawals does not address one benefit of the system. You can withhold your entire federal and state (in some states) income tax payment from your December RMD distribution. No quarterly payments are necessary. No monthly withholding is necessary. Either estimat...
by LarryG
Wed Aug 06, 2014 6:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: December RMD Withdrawal Timing Question
Replies: 35
Views: 1496

Re: Need advice choosing fund for college expenses (not 529)

You might consider using I bonds purchased by you and your spouse (to maximize the allowable amount) This can be part of the bond portion and will provide the tax free benefit if used for college expenses.
LarryG
by LarryG
Fri Jul 25, 2014 1:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need advice choosing fund for college expenses (not 529)
Replies: 15
Views: 1061

Re: Wisconsin - Madison Meetings - Master Thread

It was enjoyable meeting and hearing other Bogleheads I think that the "doodle" method of determining the next meeting site would be good. One idea for reaching out to others that may be interested is to ask the organizers of the local group of the AAII meetings to announce our next meetin...
by LarryG
Tue Jul 22, 2014 9:35 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Madison Meetings - Master Thread
Replies: 48
Views: 3562

Re: how often do you look at your account

Every day-except Saturday and Sunday
LarryG
by LarryG
Sun Jul 20, 2014 9:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: how often do you look at your account
Replies: 70
Views: 3791

Re: How exactly does Vanguard's RMD service work? Rebalancin

I have not used the automatic withdrawal system. When I had 3 or 4 funds in my IRA, I would request the amount of RMD that I wished to withdraw about 4 times each year. The amount of federal and state tax withholding was specified from the balance in December. I used the withdrawal to rebalance my a...
by LarryG
Sat Jul 19, 2014 9:42 am
 
Forum: Investing - Help with Personal Investments
Topic: How exactly does Vanguard's RMD service work? Rebalancing?
Replies: 44
Views: 3849

Re: Wisconsin - Madison Meetings - Master Thread

The 19th sounds good for me.
LarryG
by LarryG
Fri Jun 06, 2014 10:26 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Madison Meetings - Master Thread
Replies: 48
Views: 3562

Re: Wisconsin - Madison Meetings - Master Thread

The Egg&I does not have a private room on weekends. Imperial Garden doesn't open until 4:00 on Saturday. Besides that the idea was good .
LarryG
by LarryG
Tue May 27, 2014 6:00 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Madison Meetings - Master Thread
Replies: 48
Views: 3562

Re: Wisconsin - Madison Meetings - Master Thread

I think that the place that offers a private area would be preferable. In addition to the places listed, both "The Egg and I" and the "Imperial Garden" have separate rooms.
LarryG
by LarryG
Sun May 25, 2014 4:37 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Madison Meetings - Master Thread
Replies: 48
Views: 3562

Re: Wisconsin Bogleheads group dead?

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

Renjuzone,

Pick a time and place and they will come (or not)

LarryG
by LarryG
Sat May 24, 2014 9:34 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Milwaukee meetings - Master Thread
Replies: 16
Views: 1370

Re: Wisconsin Bogleheads group dead?

I am in Madison and would be interested in a local meeting.
LarryG
by LarryG
Mon May 19, 2014 7:48 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin Bogleheads group dead?
Replies: 30
Views: 2044

Re: heirs and bequest motivation

When my children were young, I urged them to go into a career that was something they enjoyed rather than one that paid well (If they couldn't do both as I had). They did. I always felt that my income was really the family income and my son and daughters contributed to it by their behavior. Many yea...
by LarryG
Sun May 11, 2014 6:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: heirs and bequest motivation
Replies: 52
Views: 3912

Re: The biggest investment risk in retirement - is you

A few years ago, after watching a friend struggle with her deceased husband's complex portfolio, I changed my relatively simple 4 fund portfolio to Vanguard Target Retirement Income Fund. In addition to simplifying things for my survivors, I now at 83 do not have to be concerned with rebalancing. My...
by LarryG
Sat May 10, 2014 9:44 am
 
Forum: Investing - Theory, News & General
Topic: The biggest investment risk in retirement - is you
Replies: 50
Views: 4641

Re: "The Simplest Wealth Plan Ever"

This book is excellent and should be read by millennials and everyone else. I will see that my teenage grandchildren read this. A question that I have is what the young person can do with their saved money until they reach the $3000 minimum for each fund in a Roth or other sheltered account.
LarryG
by LarryG
Thu May 08, 2014 12:02 pm
 
Forum: Investing - Theory, News & General
Topic: "The Simplest Wealth Plan Ever"
Replies: 26
Views: 4743

Re: Bond mutual fund vs individual bonds

Several years ago I used a 5 year ladder of Treasuries (which Annette Thau described as a do-it-yourself mutual fund). This worked well. With the drop in interest rates, I switched to Vanguard Total Bond Market Index Fund, aware of the quality difference. I believe that this is partially compensated...
by LarryG
Sun Apr 20, 2014 3:40 pm
 
Forum: Investing - Theory, News & General
Topic: Bond mutual fund vs individual bonds
Replies: 35
Views: 7257

Re: Poll: When did you retire? Would you do it all over agai

I retired at age 68, after a great career as a surgical pathologist. I would do it over again!
LarryG
by LarryG
Mon Mar 10, 2014 1:08 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: When did you retire? Would you do it all over again ?
Replies: 103
Views: 11857

Re: Reporter doing story on IRS Audits

My one audit occurred a few years after I finished my fellowship and residency. After trying to get me to say that the fellowship was paid for me doing actual work (instead of research), the agent admitted that they audited me because they never heard of a doctor having no taxable income. I doubt if...
by LarryG
Fri Mar 07, 2014 11:14 pm
 
Forum: Investing - Theory, News & General
Topic: Reporter doing story on IRS Audits
Replies: 11
Views: 1269

Re: Buy vs rent no longer relevant?

Sal Khan (Khan Academy) recently posted an analysis of buy vs. rent. His conclusion was that renting an equivalent priced home was a better choice
LarryG.
by LarryG
Fri Mar 07, 2014 10:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Buy vs rent no longer relevant?
Replies: 60
Views: 6134

My Fair Share

Jack Bogle stated “ I’ll earn my fair share. That’s good enough for me.” I I I I examined how my IRA performed since I retired in 1998 at the age of 68. Although I read about the theories and complexities of portfolio management, I learned about the Bogleheads shortly after I retired and have follow...
by LarryG
Tue Mar 04, 2014 11:07 am
 
Forum: Investing - Theory, News & General
Topic: My Fair Share
Replies: 2
Views: 450

Re: Safe Withdrawal Rate

I retired Dec. 31, 1998. My withdrawal rate has varied between 4.2% and 6.1% The higher numbers are a result of RMDs. My portfolio value Dec. 31, 2013 was 5.1% higher than the day I retired. I have not tried to adhere to any set amount, but in recent years the RMDs have caused me to take more than w...
by LarryG
Mon Feb 17, 2014 12:15 am
 
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate
Replies: 91
Views: 6162

Re: Do Retirees have Emergency Funds ?

Retired 15 years. Like you I have no specific emergency fund. I put excess RMD in limited term municipal bond fund which in my mind would act like an emergency fund. If that was not enough, I would take more from my IRA.
LarryG
by LarryG
Mon Jan 27, 2014 11:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Do Retirees have Emergency Funds ?
Replies: 36
Views: 2291

Safe harbor not so safe

To avoid penalties, I have both my federal and state tax withheld at 100% of the previous year amount.
TurboTax indicated that I owed a penalty on my present federal tax return. The amount is small so I am not going to try to rectify this.
Is this a TurboTax error?
LarryG
by LarryG
Fri Jan 24, 2014 12:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Safe harbor not so safe
Replies: 1
Views: 415

Re: TAYLOR'S UPCOMING 90th BIRTHDAY

Happy Birthday, my friend.
I appreciate all you have done for me, but most of all I appreciate having your friendship.
Larry Gottlieb
by LarryG
Thu Jan 23, 2014 10:31 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Taylor's 90th Birthday
Replies: 272
Views: 23088

Re: Who Invests 100% in Passive Index Funds/ETFs

It took me time, but at present I am 99.8% in index funds. The non-indexed are a municipal bond fund and I bonds.
LarryG
by LarryG
Sat Jan 18, 2014 2:46 pm
 
Forum: Investing - Theory, News & General
Topic: Who Invests 100% in Passive Index Funds/ETFs
Replies: 79
Views: 6008

Re: Starting Roth IRA

Thank you for your responses. I thought about an emergency fund, but with her limited income I suspect that any real emergencies will be covered by her parents or grandparents. With the small amount that 10% of her income amounts to, this is more of an educational adventure than "big money"...
by LarryG
Sat Jan 18, 2014 2:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Starting Roth IRA
Replies: 7
Views: 550

Starting Roth IRA

My 18 year old granddaughter has completed her first year of part time gainful employment. I am considering starting a Roth IRA for her. She has discussed compound interest with me so I suspect that she may understand the value of investing at her young age. She will read “Bogle on Mutual Funds” and...
by LarryG
Thu Jan 16, 2014 6:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Starting Roth IRA
Replies: 7
Views: 550

Re: High Earners - What's Your Profession?

Retired physician. RMD is twice what I earned when working.
LarryG
by LarryG
Sun Jan 12, 2014 10:48 am
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 357
Views: 28874

Re: What you wish you had known entering your late 20's

That I was going to make it into my 80s.
Larry
by LarryG
Fri Jan 03, 2014 2:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: What you wish you had known entering your late 20's
Replies: 100
Views: 13489

Re: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST

1930-a good year
LarryG
by LarryG
Thu Jan 02, 2014 11:53 am
 
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST
Replies: 536
Views: 14303

Re: "John Bogle on All-In Investment Expenses"

It is amusing to read the comments that sound like advisors attempting to defend expenses.
LarryG
by LarryG
Thu Dec 26, 2013 2:55 pm
 
Forum: Investing - Theory, News & General
Topic: "John Bogle on All-In Investment Expenses"
Replies: 13
Views: 2235

Re: Bryn Mawr [College]

Thank you all for your replies. Unfortunately it is too late for visits. Her school financing seems to be taken care of by grants from the schools she is considering and a fair size 529 plan. It is interesting to find that out-of-state tuition by some of the state universities (along with lower gran...
by LarryG
Thu Dec 19, 2013 12:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bryn Mawr [College]
Replies: 68
Views: 4757

Bryn Mawr [College]

My high school senior granddaughter is thinking about applying to Bryn Mawr College as her first choice.
Any information from bogleheads
LarryG
by LarryG
Wed Dec 18, 2013 12:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bryn Mawr [College]
Replies: 68
Views: 4757

[World War II] Battle of the Bulge

Tomorrow, December 16, is the 69th anniversary of the beginning of the Battle of the Bulge. This became personal to me when I heard the story about a teenager in the 101st airborne division who was positioned as a forward mortar observer on a hill. He heard the sound of motors in the fog and when it...
by LarryG
Sun Dec 15, 2013 10:51 am
 
Forum: Local Chapters and Bogleheads Community
Topic: [World War II] Battle of the Bulge
Replies: 30
Views: 3284

Re: Why I will use Target Retirement for the foreseeable fut

I have transferred my IRA to Vanguard Target Retirement Income Fund for another reason. I had a relatively simple portfolio of index funds, but when I saw a neighbor having problems with the mix of the stocks and funds her husband left to her, I decided to simplify even more. My wife agreed that thi...
by LarryG
Wed Nov 20, 2013 2:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why I will use Target Retirement for the foreseeable future.
Replies: 38
Views: 3817

Re: Planning my death

I am much older than you. After watching a neighbor struggle with the large number of funds and stocks that her husband left, I transferred my relatively few funds in my IRA to Vanguard Target Retirement Income Fund. Our taxable account is in a money market and a municipal bond fund. My wife is comf...
by LarryG
Tue Nov 12, 2013 9:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Planning my death
Replies: 41
Views: 3409

Re: More or less in retirement than when working?

My retirement income is double what I earned when working.
LarryG
by LarryG
Tue Nov 05, 2013 11:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: More or less in retirement than when working?
Replies: 69
Views: 4877

Re: Poll for 65+ Seniors

I am 83 and have about 33% equities. The Vanguard Target Retirement Income Fund maintains close to 30/70 equities to bond.
LarryG
by LarryG
Sat Nov 02, 2013 10:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Poll for 65+ Seniors
Replies: 51
Views: 5811

Re: RMDS withholding for entire tax liabilty at year end?

As Mel indicated many of us have Vanguard (or other entities) withhold our entire tax due in December. I attended a talk by an accountant several years ago and he stated that this was accepted by the IRS. This year Vanguard indicated that my state (WI) income tax could be withheld. I called the WI t...
by LarryG
Sat Nov 02, 2013 10:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMDS withholding for entire tax liabilty at year end?
Replies: 32
Views: 2217

Re: "Take your RMD soon to avoid an IRS penalty."

In addition to using the December RMD withdrawal to pay federal withholding tax, Vanguard now will pay state withholding tax.
I checked with the Wisconsin Income Tax Office to see if they (like the feds) considered the one annual withholding to cover the entire year. They said yes.

LarryG
by LarryG
Tue Oct 22, 2013 9:54 am
 
Forum: Investing - Theory, News & General
Topic: "Take your RMD soon to avoid an IRS penalty."
Replies: 24
Views: 2028
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