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Re: The Bogleheads Have Taken Over

And, FWIW, our community book, The Bogleheads' Guide to Retirement Planning , is currently the #3 book in the Retirement Planning category. For a while, it was the #1 book after being recommended in the AARP Bulletin which goes out to (I think) more than seven million readers. And Mike Piper's book,...
by Mel Lindauer
Fri Nov 21, 2014 8:22 pm
 
Forum: Investing - Theory, News & General
Topic: The Bogleheads Have Taken Over
Replies: 8
Views: 2188

Re: 10 Reasons why Merriman dislikes Total Stock Mkt

Those fees are part of the fund's ER. DFA funds have fees of the same nature. But joe six-pack investor cannot purchase a DFA fund by himself. He has to pay an advisor for the privilege of paying DFA to manage the funds (i.e., the DFA fund's ER). A Vanguard investor only has to pay the ER. Not alwa...
by Mel Lindauer
Thu Nov 20, 2014 4:02 pm
 
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 81
Views: 7277

Re: Boglehead' Guide to Investing, 2/E

Not sure exactly what you're after, but I'd advise you to use the most up-to-date numbers provided by Vanguard.

We do warn readers on page 147 that correlations change over time. Remember, the production cycle of a book is almost one year, and I'm not sure exactly when we put that chart together.
by Mel Lindauer
Thu Nov 20, 2014 3:41 pm
 
Forum: Investing - Theory, News & General
Topic: Boglehead' Guide to Investing, 2/E
Replies: 8
Views: 1431

Re: 10 Reasons why Merriman dislikes Total Stock Mkt

I don't understand why there is this big uproar over this. As Taylor says "there are many roads to Dublin" and Paul Merriman is simply offering one of those roads - he likes to slice and dice. If anyone did any additional fact checking, you'll also see that Paul offers the same type of st...
by Mel Lindauer
Thu Nov 20, 2014 10:17 am
 
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 81
Views: 7277

Re: 10 Reasons why Merriman dislikes Total Stock Mkt

IMO, he would have been much better off and could have avoided all of this bro-hah-hah if he had just not created the straw-man arguments against TSM and simply stated the reasons he liked slice-and-dice and DFA. Seems like the entire program was a setup for just that resulting message, which we've ...
by Mel Lindauer
Wed Nov 19, 2014 9:21 pm
 
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 81
Views: 7277

Re: 10 Reasons why Merriman dislikes Total Stock Mkt

No, you missed the point that when one uses a DFA advisor, as recommended by Paul, then the advisor charges a fee. When someone follows Jack's advice, there is no fee involved. The advisor fees subtract from the returns touted by Paul and other DFA supporters. You use the company that he developed ...
by Mel Lindauer
Wed Nov 19, 2014 3:47 pm
 
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 81
Views: 7277

Re: 10 Reasons why Merriman dislikes Total Stock Mkt

Remember, Jack set up Vanguard with the investors as the owners. And he freely advises investors to own the market and hold forever vs trying to outsmart the market, as with DFA and tilting. And, following Jack's advice vs a DFA advisor's (which Paul recommended at the end of his broadcast), there ...
by Mel Lindauer
Wed Nov 19, 2014 3:30 pm
 
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 81
Views: 7277

Re: 10 Reasons why Merriman dislikes Total Stock Mkt

He also, obviously, has a massive financial conflict of interest here- as a DFA advisor, of course he thinks DFA is awesome and you shouldn't use Vanguard. Do you likewise discount everything Bogle says due to his conflict of interest? Remember, Jack set up Vanguard with the investors as the owners...
by Mel Lindauer
Wed Nov 19, 2014 3:12 pm
 
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 81
Views: 7277

Re: Boglehead' Guide to Investing, 2/E

Mel, Taylor, & Michael, Can one of you steer me to the resource for the table on pages 148-152 of your new edition? I need to add R Squared for Short Term Bond Index and Inflation Protected Securities. I thoroughly enjoyed the revision! Regards, Hank Glad you enjoyed the Second Edition of The B...
by Mel Lindauer
Wed Nov 19, 2014 3:01 pm
 
Forum: Investing - Theory, News & General
Topic: Boglehead' Guide to Investing, 2/E
Replies: 8
Views: 1431

Re: 10 Reasons why Merriman dislikes Total Stock Mkt

Irritating that there is no transcript. "I think it's a very fine fund but not a perfect fund." It is broadly diversified, has low expenses, has low turnover, and exposes you efficiently to a great asset class." So basically, what he's saying is that you shouldn't listen to the rest ...
by Mel Lindauer
Wed Nov 19, 2014 12:47 pm
 
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 81
Views: 7277

Re: Whole Life Insurance vs. 401k Contributions

In case people dont recognize it, if you look at his other posts you will realize, Deapsea sells life insurance. It's true that Deepsea is an admitted insurance salesman (see link below) so that fact needs to be taken into consideration when you compare all of the unbiased negative responses you've...
by Mel Lindauer
Sun Nov 16, 2014 10:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Whole Life Insurance vs. 401k Contributions
Replies: 59
Views: 3652

Re: Whole Life Insurance vs. 401k Contributions

You've gotten lots and lots of good unbiased advice with the exception of the lone insurance sales pitch. I'd suggest you go with the vast majority of the wise Bogleheads who warn you against purchasing this product. There is, however, one instance where whole life is a good deal, but sadly that's n...
by Mel Lindauer
Sun Nov 16, 2014 5:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Whole Life Insurance vs. 401k Contributions
Replies: 59
Views: 3652

Re: Reporter doing story on investment tips from DIY Investo

Anyone else fit the profile and care to be interviewed? If so, PM me with your name, email address and phone number.
by Mel Lindauer
Fri Nov 14, 2014 11:39 am
 
Forum: Investing - Theory, News & General
Topic: Reporter doing story on investment tips from DIY Investors
Replies: 2
Views: 892

Re: I BONDS

If I understand things correctly, you could also pay taxes on the accrued interest to date now (rather than defer) at the 15% rate while continuing to hold the bonds, though you would then be stuck paying interest annually for as long as you hold the bonds. That's true to a point. You can switch ba...
by Mel Lindauer
Thu Nov 13, 2014 9:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: I BONDS
Replies: 8
Views: 1146

Re: Vacation in Quebec City

Lovely city to visit. As the others have said, I think three days is sufficient. If you can, stay at the magnificent Le Château Frontenac where the kings and queens of olden days stayed. You might want to brush up on your French, since this is/was the center of the French seperatist movement and man...
by Mel Lindauer
Thu Nov 13, 2014 9:06 pm
 
Forum: Personal Consumer Issues
Topic: Vacation in Quebec City
Replies: 18
Views: 1184

Re: Reporter doing story on investment tips from DIY Investo

Anyone interested in being interviewed for this story? If so, PM me with your name, email address and phone number.
by Mel Lindauer
Thu Nov 13, 2014 8:20 pm
 
Forum: Investing - Theory, News & General
Topic: Reporter doing story on investment tips from DIY Investors
Replies: 2
Views: 892

Re: iBonds at zero % fixed

Wow, the case for both I-bonds and EE bonds seems to shrink with each reset of the rates. Don't they want people to buy savings bonds anymore? The powers seem that they wished I-Bonds never had a fixed rate. And the EE rate is so paltry, the only reason to buy is the doubling feature at 20 years. A...
by Mel Lindauer
Thu Nov 13, 2014 8:18 pm
 
Forum: Investing - Theory, News & General
Topic: iBonds at zero % fixed
Replies: 84
Views: 8877

Re: Vanguard Capital Gains

ww340 wrote:Thank you for the reply.

The purchase I am making this week is in an IRA, so I am guessing it may not matter in that case?


That's correct. Taxes on IRAs aren't owed until withdrawal.
by Mel Lindauer
Wed Nov 12, 2014 11:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Capital Gains
Replies: 34
Views: 2560

Re: Transition from Saving to Spending

Here are links to a three-part series I did for Forbes on the transition from savings to spending at retirement. A number of Bogleheads shared their experiences with me for the columns. http://www.forbes.com/sites/thebogleheadsview/2011/02/04/switching-gears-at-retirement-going-from-savings-to-spend...
by Mel Lindauer
Wed Nov 12, 2014 6:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Transition from Saving to Spending
Replies: 37
Views: 3876

Reporter doing story on investment tips from DIY Investors

Hi Everyone: A known reporter for a national publication is looking to interview Bogleheads for a story. If you fit the following profile and would like to be interviewed, just PM me with your name, phone # and email address and I'll pass it along to the reporter. I’m a reporter from a national publ...
by Mel Lindauer
Wed Nov 12, 2014 5:32 pm
 
Forum: Investing - Theory, News & General
Topic: Reporter doing story on investment tips from DIY Investors
Replies: 2
Views: 892

Re: EE savings bonds for retirement

OP, why do you have to choose between EE bonds and i-bonds? Assuming it fits your AA, why don't you just buy $10,000 worth of each? I bought I bonds this year and plan to continue doing so. I am still on the fence about EE bonds. The first protects against inflation and second against deflation. As...
by Mel Lindauer
Wed Nov 12, 2014 2:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: EE savings bonds for retirement
Replies: 31
Views: 2124

Re: Happy 239th Birthday, U.S. Marine Corps

Happy birthday to the Marine Corps and all the fine men and women who wore the globe and anchor with honor. I'm proud to say that I was one of them.

Semper Fi.

Mel
USMC 1956-60
by Mel Lindauer
Mon Nov 10, 2014 4:50 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Happy 239th Birthday, U.S. Marine Corps
Replies: 20
Views: 782

Re: Which Chromebook?

I've had the Acer for some time now and I use it a lot when I'm on the road. It's loaded with connection options (Ethernet RJ 45, 3 usb ports and vga). It's lite enough to toss in your backpack without breaking your back.
by Mel Lindauer
Sun Nov 09, 2014 9:09 pm
 
Forum: Personal Consumer Issues
Topic: Which Chromebook?
Replies: 51
Views: 4868

Re: Do IBonds make sense living in a high inflation area

Investors need to remember that I Bonds offer some things that CDs don't.

1. They're tax-deferred for up to 30 years.
2. They can be used tax-free for qualifying educational expenses.
3. They're free from state and local taxes.
4. They offer inflation protection.
by Mel Lindauer
Sun Nov 09, 2014 1:50 pm
 
Forum: Investing - Theory, News & General
Topic: Do IBonds make sense living in a high inflation area
Replies: 30
Views: 2767

Re: Do IBonds make sense living in a high inflation area

There are a lot of things to consider, and I'd put location way down on the list. Right now, my chief concern would be time frame. There is virtually no upside to buying I Bonds you expect to redeem in the next few years. I disagree. While they're not very attractive compared to past I Bond rates, ...
by Mel Lindauer
Sun Nov 09, 2014 12:56 am
 
Forum: Investing - Theory, News & General
Topic: Do IBonds make sense living in a high inflation area
Replies: 30
Views: 2767

Re: THANK YOU!!! Bogleheads Conference #13 (2014)

abuss368 wrote:Would anyone be aware when the Q&A to Jack Bogle may be available?


Nothing's changed since the last time you asked and I responded upthread. viewtopic.php?p=2241077#p2241077
by Mel Lindauer
Sat Nov 08, 2014 8:46 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: THANK YOU!!! Bogleheads Conference #13 (2014)
Replies: 69
Views: 6972

Re: ObamaCare vs. Private Insurance??

If you want to keep this thread open, everyone needs to avoid political opinions or comments. Otherwise, this thread will be locked.
by Mel Lindauer
Sat Nov 08, 2014 8:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: ObamaCare vs. Private Insurance??
Replies: 105
Views: 9256

Re: Question re Bogle interview with Benz

Funny how investors really love those Treasuries in Total Bond in down markets. Remember, bonds are your portfolio's ballast, and investors turn to Treasuries in bad times.
by Mel Lindauer
Fri Nov 07, 2014 12:59 pm
 
Forum: Investing - Theory, News & General
Topic: Question re Bogle interview with Benz
Replies: 8
Views: 889

Re: THANK YOU!!! Bogleheads Conference #13 (2014)

Dear Bogleheads, Here is a link to the photos that I took, along with my photog buddy Pongo https://picasaweb.google.com/108981735637005715238/Bogleheads2014?authuser=0&authkey=Gv1sRgCIWTgtTp6-KEMQ&feat=directlink I enjoyed meeting everybody again this year! Enjoy the pics! with kindest reg...
by Mel Lindauer
Mon Nov 03, 2014 7:46 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: THANK YOU!!! Bogleheads Conference #13 (2014)
Replies: 69
Views: 6972

Re: THANK YOU!!! Bogleheads Conference #13 (2014)

I have posted my photos from BH13 (2014). Here is a link http://pongophotos.zenfolio.com/bh13 . Enjoy, Pongo Thank you Pongo for taking the time to not only compile, clean up, and post the images after the conference, but taking the time during the conference to capture these moments. Your generosi...
by Mel Lindauer
Sun Nov 02, 2014 6:13 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: THANK YOU!!! Bogleheads Conference #13 (2014)
Replies: 69
Views: 6972

Re: Local Bogleheads Groups [Looking for Central NY Chapter]

Tim- Would it be of interest to try and start up a Syracuse, NY group? If you get four additional Bogleheads who show an interest in forming a Syracuse Local Chapter, and one of you volunteers to be the coordinator, then contact me with a name and email address that you'd use for this purpose, and ...
by Mel Lindauer
Fri Oct 31, 2014 3:28 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Local Bogleheads Groups [Looking for Central NY Chapter]
Replies: 8
Views: 504

Re: Is $700,000 enough to retire? Opinions please .

You've gotten a lot of good responses, but I'll add my two cents. IMO, if you feel you'll need to continue to spend at the current level, I certainly wouldn't feel comfortable thinking about retiring with $700,000. While some expenses may go down (no more SS withholding, commuting costs), other cost...
by Mel Lindauer
Fri Oct 31, 2014 12:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is $700,000 enough to retire? Opinions please .
Replies: 86
Views: 12469

Re: End of QE2 or Where did it go?

Economic discussions are off limits. This thread is locked.
by Mel Lindauer
Thu Oct 30, 2014 10:58 pm
 
Forum: Investing - Theory, News & General
Topic: End of QE2 or Where did it go?
Replies: 13
Views: 1510

Jack Bogle: Better to Play it Safe in Bonds

Morningstar's Christine Benz interviewed Jack at our recent 2014 Bogleheads Conference. Here's the video.

http://www.morningstar.com/cover/videoc ... ?id=670421
by Mel Lindauer
Thu Oct 30, 2014 8:44 pm
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle: Better to Play it Safe in Bonds
Replies: 0
Views: 938

Re: THANK YOU!!! Bogleheads Conference #13 (2014)

abuss368 wrote:Does anyone know (and I apologize if this has already been addressed) when the questions to both Jack Bogle and the Panel (that we posted to the threads) will be available to review?


They'll be posted whenever they're ready. The folks doing this work are volunteers and they have real jobs.
by Mel Lindauer
Wed Oct 29, 2014 4:44 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: THANK YOU!!! Bogleheads Conference #13 (2014)
Replies: 69
Views: 6972

Re: Do I need life insurance?

If you decide you need/want insurance, buy level term insurance.
by Mel Lindauer
Tue Oct 28, 2014 2:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I need life insurance?
Replies: 21
Views: 1376

Re: Life Insurance

Hello - First off, great forum! I'm trying to buy some life insurance for my wife. I've met with a Northwestern Mutual agent and he recommended their T80 plan (premium increases yearly but is guaranteed for 5 years). The value is for $500K and the starting premium is pretty low. The only thing that...
by Mel Lindauer
Mon Oct 27, 2014 5:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 15
Views: 1031

Re: Do you dream about retirement?

When I first retired and would visit my old business, which was being run by my sons, I had an uneasy feeling that they were going to lock the door and not let me leave! :-) I will have to say that I'm busier now in retirement than when I ran a business. I didn't go looking for the things I'm involv...
by Mel Lindauer
Mon Oct 27, 2014 4:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you dream about retirement?
Replies: 91
Views: 6568

Re: Bogleheads Conference

Thank you so much, Jack! I am so glad and thankful to have made your acquaintance last year at Bogleheads 12 and again this year at Bogleheads 13! So much patience, common sense, wisdom and simplicity from yourself and my fellow Bogleheads, it's a beautiful thing. Thanks also to all the volunteers ...
by Mel Lindauer
Mon Oct 27, 2014 1:57 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: 2014 Bogleheads Conference Message from Jack Bogle
Replies: 10
Views: 1638

Re: 2014 Bogleheads Conference Message from Jack Bogle

Hi Jack: Once again, thanks for honoring us with your participation in the 2014 Bogleheads Conference. We hope you'll continue to be with us for many, many more years. You're our inspiration to continue the good fight for all that you stand for. I know that you'll be happy to learn that I'm already ...
by Mel Lindauer
Mon Oct 27, 2014 12:54 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: 2014 Bogleheads Conference Message from Jack Bogle
Replies: 10
Views: 1638

Re: THANK YOU!!! Bogleheads Conference #13 (2014)

I brought DH to our first conference and we both enjoyed it very much. DH has not been involved with managing the portfolio, and this was his introduction to what I'm doing. So far he's a bit overwhelmed but comfortable, and adores Jack. Thanks to the organizers for all their hard work! That's a go...
by Mel Lindauer
Sun Oct 26, 2014 12:33 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: THANK YOU!!! Bogleheads Conference #13 (2014)
Replies: 69
Views: 6972

Re: THANK YOU!!! Bogleheads Conference #13 (2014)

I know who owns the blue one (it's not me). It belongs to a friend who has way more money that me :-)! And Bogleheads aren't necessarily easy to please. They're scrupulously focused on expenses, both in their mutual funds and in their larger lives. Shiny twin Teslas, one white and one black, were pa...
by Mel Lindauer
Sat Oct 25, 2014 7:47 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: THANK YOU!!! Bogleheads Conference #13 (2014)
Replies: 69
Views: 6972

Re: THANK YOU!!! Bogleheads Conference #13 (2014)

I enjoyed meeting the many first-time attendees as well as all of the returning veterans. It was a memorable event, and Jack was in great form, as always. Everyone seemed to really enjoy the trip to Vanguard, too. Hope to see many of you at next year's event which is already in the planning stages.
by Mel Lindauer
Sat Oct 25, 2014 1:38 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: THANK YOU!!! Bogleheads Conference #13 (2014)
Replies: 69
Views: 6972

Re: Seeking Advice on MetLife VA Annuity

dhodson wrote:Mel's post should say 1035 exchange

Also keep in mind that while the transfer does not incur any taxes, you are still just delaying taxes with gains being taxed as income when dealing with insurance products.


Thanks for catching that typo. I corrected my post.
by Mel Lindauer
Tue Oct 21, 2014 2:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking Advice on MetLife VA Annuity
Replies: 17
Views: 1111

Re: Seeking Advice on MetLife VA Annuity

Thanks for the great advice. I worked on this a bit more today. I determined that it is a qualified IRA. My surrender charges are 4%, and my annual fees total 3.91%. It seems to make sense to just transfer this money to a Vanguard IRA account and go from there. That makes thing a whole lot simpler....
by Mel Lindauer
Tue Oct 21, 2014 2:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking Advice on MetLife VA Annuity
Replies: 17
Views: 1111

Re: Seeking Advice on MetLife VA Annuity

Thanks Mel! I was trying to determine how long it would take me to make my money back. I can handle two years, and will sleep better at night once everything has been migrated over to Vanguard. Another question for anyone who might know. The annuity is in an IRA. If I transfer it to a Vanguard IRA ...
by Mel Lindauer
Tue Oct 21, 2014 10:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Seeking Advice on MetLife VA Annuity
Replies: 17
Views: 1111

Re: Reporter doing story on PIMCO in 401k

Anyone fit the profile who wants to be interviewed?
by Mel Lindauer
Tue Oct 21, 2014 10:23 am
 
Forum: Investing - Theory, News & General
Topic: Reporter doing story on PIMCO in 401k
Replies: 8
Views: 1142

Re: "Individual Retirement Annuity", Dump or what?

Annuities are usually sold, not bought and almost always come with very high fees. IMO, it should be against the law to put a high-cost tax-deferred annuity inside an already tax-deferred retirement account.
by Mel Lindauer
Mon Oct 20, 2014 7:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: "Individual Retirement Annuity", Dump or what?
Replies: 9
Views: 612

Re: Have Ibonds do we need Tips

My wife and I have about 120k in Ibonds,age 62 and 64.I was planning on buying the max until the first one of us hits 70 which would give us another 140,000.I would think that is more than enough inflation protection,or is it better to diversify with tips and not buy more ibonds?My wife has one we ...
by Mel Lindauer
Mon Oct 20, 2014 6:22 pm
 
Forum: Investing - Theory, News & General
Topic: Have Ibonds do we need Tips
Replies: 5
Views: 1038
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