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Re: Here's another "where should I retire" thread

Minnesota and Wisconsin have a lot of lake with reasonably priced homes. I would not recommend Minnesota for residency, however, as it has a low threshold for inheritance taxes. If choosing one of these states it would almost require a second house in a more moderate climate.
by Peter Foley
Thu Jul 24, 2014 12:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Here's another "where should I retire" thread
Replies: 64
Views: 2620

Re: Geneological research for unclaimed property

There are 20+ LDS Family History Centers in New Mexico. They have free access to Ancestry.com. In addition they typically have some local resources on microfilm as patrons donate microfilms and microfische when they are finished with them. My experience has been that the coordinators of these sites ...
by Peter Foley
Thu Jul 24, 2014 12:29 pm
 
Forum: Personal Consumer Issues
Topic: Geneological research for unclaimed property
Replies: 13
Views: 429

Re: Primer on slice and dice alternatives to total bond mark

My first choice to slice and dice in one's non equity's portfolio would be to add some inflation protection or stable value (if available). If I-bonds were sufficient diversification I would go that route alone. After I-bonds I would add TIPS. My thought is not to add risk, rather to protect non equ...
by Peter Foley
Thu Jul 24, 2014 12:12 pm
 
Forum: Investing - Theory, News & General
Topic: Primer on slice and dice alternatives to total bond market?
Replies: 5
Views: 116

Re: Please help settle an argument

I would vote "B" as well. There is a risk element in the return projected in A. If the loan rate were less than a CD or I-bond rate, then I would go the loan route.
by Peter Foley
Wed Jul 23, 2014 9:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please help settle an argument
Replies: 23
Views: 1758

Re: Retirement Portfolio Proposal

If your parents are retired and have a defined pension, there is little need for an emergency fund of that size. I view an emergency fund as primarily protection against unemployment or a loss of income. This is not an issue for your parents. Are you sure they are in the 25% bracket? That is about $...
by Peter Foley
Wed Jul 23, 2014 9:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Portfolio Proposal
Replies: 19
Views: 1452

Re: Which Bernstein Book?

I too would recommend 4 Pillars. You need a bit of investing background to follow his arguments, but your other readings should be adequate preparation.
by Peter Foley
Tue Jul 22, 2014 10:46 pm
 
Forum: Personal Consumer Issues
Topic: Which Bernstein Book?
Replies: 25
Views: 1454

Re: Best Used Recreational Bicycles for New Riders

I work in a bike shop as a volunteer. We fix bikes to be given away and sell some bikes to support the not for profit business. The vast majority of the bikes we fix are adult mountain and road bikes. My suggestion is to find a reasonably good quality used mountain bike or hybrid. If you've not ridd...
by Peter Foley
Tue Jul 22, 2014 2:41 pm
 
Forum: Personal Consumer Issues
Topic: Best Used Recreational Bicycles for New Riders
Replies: 24
Views: 1537

Re: Slice and Dicers -- Plans when you can't manage it anymo

If I understand the studies (FAMA-FRENCH et. al.) that support a slice and dice approach, the difference between a 3-4 fund portfolio and a slice and dice portfolio are only a percentage point or so per year and add additional risk. The 1% additional return can make a big difference when compounded ...
by Peter Foley
Tue Jul 22, 2014 2:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Slice and Dicers -- Plans when you can't manage it anymore?
Replies: 38
Views: 2120

Re: Using retirement assets and inheritance wisely

Welcome to the forum. You did a nice job laying out the basics of your portfolio. You have done well with your saving and are well diversified. You seem to have opted for a Life Strategy fund approach as a basis for much of your portfolio. I would recommend simplifying what you have and putting new ...
by Peter Foley
Tue Jul 22, 2014 12:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Using retirement assets and inheritance wisely
Replies: 12
Views: 1712

Re: Stable Value Fund vs Total Bond Market

50% of my portfolio is fixed: Roughly 30% Stable Value, 15% I-bonds and TIPs, 5% Total bond market. I agree with the philosophy of taking one's risk on the equity side so I have favored Stable Value as a less risky approach to fixed. The majority of our assets are in deferred accounts where the yiel...
by Peter Foley
Mon Jul 21, 2014 11:23 pm
 
Forum: Investing - Theory, News & General
Topic: Stable Value Fund vs Total Bond Market
Replies: 27
Views: 2116

Re: Poll - Do you use Quicken?

No. I used MS Money for many years until Microsoft stopped supporting it. As I very rarely analysed any of the budget and spending data, I switched to an excel spreadsheet to track my portfolio.
by Peter Foley
Mon Jul 21, 2014 11:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll - Do you use Quicken?
Replies: 63
Views: 2747

Re: Portfolio Withdrawal 4% rate with Ceiling and Floor

There is a withdrawal strategy described on the Wiki that is a version of the ceiling and floor strategy you talk about. The ones I have read about are based on the Trinity Study. One use of a ceiling and floor approach is to not give oneself too big a raise when inflation is high. If one takes this...
by Peter Foley
Mon Jul 21, 2014 10:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Withdrawal 4% rate with Ceiling and Floor
Replies: 8
Views: 966

Re: Do you "Tax Adjust" your Asset Allocation (Pre vs Roth,

While I keep a tab on my portfolio spreadsheet to estimate pretax versus Roth + Taxable, I do not use it to adjust my asset allocation. There are just too many factors involved - including potentially different rates for IRA withdrawals and long term capital gains - to make such an exercise precise ...
by Peter Foley
Mon Jul 21, 2014 8:33 pm
 
Forum: Investing - Theory, News & General
Topic: Do you "Tax Adjust" your Asset Allocation (Pre vs Roth, etc)
Replies: 76
Views: 3229

Re: With all these recent posts regarding tilts, should I?

I too would argue for low cost and simplification being the focus at this point in time. Right now your annual contributions are a big part of your investment portfolio. In a few years one would hope that the income you make from investments in your retirement portfolio exceeds your annual contribut...
by Peter Foley
Mon Jul 21, 2014 8:25 pm
 
Forum: Investing - Theory, News & General
Topic: With all these recent posts regarding tilts, should I?
Replies: 14
Views: 959

Re: Ways to help daughter financially? (property, tax, and e

Is she in the 15% tax bracket? I'm thinking you might want to gift her appreciated shares of something and have her sell them and pay no capital gains. As I understand it you can gift more than $14,000 per year. You just have to report it and it counts against your estate value when it come to the e...
by Peter Foley
Wed Jul 16, 2014 10:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ways to help daughter financially? (property, tax, and estat
Replies: 9
Views: 1188

Re: Tax-Conscious Retirement and Roth Conversion Calculator

lawman3966 I played around with i-orp.com a few days ago based on a comment make by lifesoft. I was a bit disappointed. It had me spending all of my taxable first and then making massive withdrawals from tax deferred accounts in early years. I tried to follow their logic by reviewing the tax rate we...
by Peter Foley
Tue Jul 15, 2014 3:57 pm
 
Forum: Investing - Theory, News & General
Topic: Tax-Conscious Retirement and Roth Conversion Calculator
Replies: 11
Views: 1245

Re: Question about managed account

Letitgrow - a general rule of investing is to not to have less than 5% of your portfolio in something. Less than 5% does not add much diversification and is too small to improve the return of an overall portfolio. What I have seen with my elderly in-laws actively managed account is investments sprea...
by Peter Foley
Mon Jul 14, 2014 10:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about managed account
Replies: 17
Views: 1347

Re: Help a guy with a pension and a 457 plan

Welcome to the forum. I think you have had a good run with your 1005 equities allocation and it is time to take some money off the table. I would choose a couple of the lowest cost stock funds for diversification there (S&P 500 + an International?) and a lower cost bond fund. Your suggestion of ...
by Peter Foley
Mon Jul 14, 2014 3:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help a guy with a pension and a 457 plan
Replies: 6
Views: 556

Re: Portfolio Review Please

A couple thoughts to to add to the other advice you are receiving. You've done well overall and are primarily invested in low cost funds. You are also fairly broadly diversified. You are holding more funds than you need to. There is no reason to hold the same fund in two places. It would be easier t...
by Peter Foley
Mon Jul 14, 2014 12:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Please
Replies: 17
Views: 2499

Re: Thoughts on 100% stock allocation for 33 year old

ruralavalon wrote: My thought on 100% stock allocation for 33 year old: don't do it. Its easy to overestimate your risk tolerance before you have actually experienced a market melt-down, so be careful about this. I agree. In addition, as cmr86 stated bonds help temper the volatility by providing an ...
by Peter Foley
Sun Jul 13, 2014 6:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts on 100% stock allocation for 33 year old
Replies: 85
Views: 6132

Re: 401K Allocations 51 years old

Welcome to the forum. It would be helpful to know what the annual expenses were for each of these funds. Offhand - if your only savings are the 401k, you are a bit behind the eight ball. I would suggest an asset allocation of about 60% stock mutual funds and 40% non equities (bonds and stable value ...
by Peter Foley
Sat Jul 12, 2014 11:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K Allocations 51 years old
Replies: 7
Views: 1425

Re: How much do you spend on your hobby annually?

I have a few hobbies, none of which are particularly expensive: 1. Golf - about 10-12 times per year. Between $300-$400. (One box of balls lasts me a year +.) 2. Running - I pair of shoes per year = $100 3. Biking - Since I volunteer in a bike shop that does repairs and gives bikes away I have an en...
by Peter Foley
Sat Jul 12, 2014 11:17 pm
 
Forum: Personal Consumer Issues
Topic: How much do you spend on your hobby annually?
Replies: 77
Views: 6933

Re: america the beautiful national parks and lands pass

You don't need a National Parks pass for the Boundary Water Canoe area in Northeastern Minnesota, but you might need one for parts of Voyagers National Park in North Central Minnesota. Both are remote locations with back country camping. The BWCA is canoe only and a little more rustic than Voyagers....
by Peter Foley
Sat Jul 12, 2014 5:49 pm
 
Forum: Personal Consumer Issues
Topic: america the beautiful national parks and lands pass
Replies: 59
Views: 3549

Re: need guidance with 401k and taxable account

A couple general observations: In your taxable account try to hold US and International Stock mutual funds. Holding bonds, or balanced funds is not very tax efficient. You can use this account to fill in the gaps for the relatively poor offerings in your tax deferred accounts. In your tax deferred a...
by Peter Foley
Fri Jul 11, 2014 10:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: need guidance with 401k and taxable account
Replies: 6
Views: 1169

Re: Abbreviations

+1 means I agree. It is generally frowned upon as a stand alone comment. Using shorthand is but one frustration, using stock and mutual fund symbols is a worse problem. (This includes writers that assume that readers understand the letter abbreviation for all the Federal Retirement funds in the fede...
by Peter Foley
Fri Jul 11, 2014 9:52 pm
 
Forum: Forum Issues and Administration
Topic: Abbreviations
Replies: 11
Views: 628

Re: Boglehead Rules Of Thumb To Investing?

I too reacted negatively to the "3 fund portfolio" as being a rule of thumb. I would prefer something along the lines of aiming for simplicity and ease of management. With many people having limited good options in their 401k/403b/457 accounts, a 3 fund portfolio just isn't an option. A si...
by Peter Foley
Fri Jul 11, 2014 9:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Boglehead Rules Of Thumb To Investing?
Replies: 23
Views: 3085

Re: What after-tax income could you live on today?

We own too much property so we could not live as frugally as some.
by Peter Foley
Fri Jul 11, 2014 3:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: What after-tax income could you live on today?
Replies: 48
Views: 4864

Re: Help for New Boglehead with Complex Asset Allocation Puz

While some of us here might quibble around the edges of your choices, you have done an excellent job with your proposed makeover. If you ignored all our advice and followed your plan you would probably in league with the top 10% of investors in terms of following BH principles. Regarding your balanc...
by Peter Foley
Fri Jul 11, 2014 2:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help for New Boglehead with Complex Asset Allocation Puzzle
Replies: 23
Views: 2089

Re: Portfolio Review request for investment accounts

Welcome to the forum. You seem to have a good saving habit and have invested in low cost broad based funds/ETF. (Apple noted.) That is an excellent start. I also like the choices you have made in His SIMPLE and his Roth.The usual advice is to hold international in taxable because it offers a slight ...
by Peter Foley
Fri Jul 11, 2014 12:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review request for investment accounts
Replies: 5
Views: 574

Re: Teaching Kids the Rules of Investing.

When my children were young I always emphasized the importance of real "saving". They learned early that going out shopping just because something was on sale did not really mean they were "saving" money. Both daughters are now in their early 30's and have enough money to invest....
by Peter Foley
Fri Jul 11, 2014 12:25 pm
 
Forum: Investing - Theory, News & General
Topic: Teaching Kids the Rules of Investing.
Replies: 17
Views: 1993

Re: Portfolio allocation question - Core Four using TSP and

The G fund is, I believe the equivalent of a stable value fund. IMHO it is an acceptable substitute for all or part of your bond allocation. In general I would hold the REIT in the Roth, a mix of Total Stock and Total International in taxable. I'm not an expert on the TSP funds, but I believe that y...
by Peter Foley
Thu Jul 10, 2014 11:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio allocation question - Core Four using TSP and IRA
Replies: 10
Views: 1398

Re: Requesting Portfolio Review

Again, welcome. I agree with retiredjg, and indeed all those who have commented are on the same page. While you proposed a 50/50 ratio with 10% international, it would be good to know what the value is of the rental portion of the property. Are you really 25/25/50 when you real estate is included? W...
by Peter Foley
Thu Jul 10, 2014 12:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Requesting Portfolio Review
Replies: 12
Views: 1412

Re: What order when converting TIRA to Roth?

I've posted about this before so bear with me as I repeat my strategy. I do a Roth conversion of a stock mutual fund at the beginning of the year. At the end of the year (late December), if the converted mutual fund shows a profit, I leave it alone. If it does not, I recharacterize it and convert an...
by Peter Foley
Wed Jul 09, 2014 4:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: What order when converting TIRA to Roth?
Replies: 12
Views: 1083

Re: When do you "limit" saving and start to spend more?

One year after retirement when an objective analysis of your portfolio and withdrawal strategies indicate you have enough.
by Peter Foley
Wed Jul 09, 2014 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: When do you "limit" saving and start to spend more?
Replies: 39
Views: 3842

Re: How many veteran investor have LARGE MAJORITY in three-f

The large majority of my funds are in a four-fund. Total US Stock, Total International, Inflation hedged bonds (I-Bonds and TIPs), and Stable Value. I've been investing in the stock market for about 35 years. While I think a 3-fund approach is fine, it is not always feasible based on the funds avail...
by Peter Foley
Tue Jul 08, 2014 5:14 pm
 
Forum: Investing - Theory, News & General
Topic: How many veteran investor have LARGE MAJORITY in three-fund?
Replies: 56
Views: 3787

Re: International exposure: does it really help?

I will probably only know in retrospect if international is "required". So far the US and foreign markets have moved enough in tandem that I not convinced that it "helps". On the other hand, why not add international diversification just in case the US market zigs while foreign z...
by Peter Foley
Tue Jul 08, 2014 5:07 pm
 
Forum: Investing - Theory, News & General
Topic: International exposure: does it really help?
Replies: 75
Views: 7282

Re: Jonathan Clements WSJ: His index fund portfolio

There is probably a recency bias lesson to be learned here. CD's did well in the high inflation 1980's. Bonds have done well in the low inflationary years of the 21st century.
by Peter Foley
Mon Jul 07, 2014 8:52 pm
 
Forum: Investing - Theory, News & General
Topic: Jonathan Clements WSJ: His index fund portfolio
Replies: 13
Views: 2964

Re: Retiring without any Direction

Pennywise wrote: For those who lived that life and now are retired--do you flounder without all that structure unless/until you fill your days with everything people mention: travel, volunteering, hobbies and so on? Or is there anyone out there who is simply enjoying existing without any external sc...
by Peter Foley
Mon Jul 07, 2014 4:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retiring without any Direction
Replies: 26
Views: 2045

Re: Retiring without any Direction

I suggest you read "What Color is Your Parachute in Retirement." If you find it helpful, pass it along to your parents. There is also a section in the first chapter of the Bogleheads Guide to Retirement Planning that tries to get the reader to think about "happiness" and how to c...
by Peter Foley
Mon Jul 07, 2014 2:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retiring without any Direction
Replies: 26
Views: 2045

Re: IRS limits direct deposts of refunds to fight Identity T

placeholder wrote: Having been through this: http://www.bogleheads.org/forum/viewtopic.php?f=2&t=137740 I think they need to figure a better way to analyze changes from year to year and root out suspicious patterns. I headed a fraud unit for a state Unemployment Insurance Program for a number of...
by Peter Foley
Mon Jul 07, 2014 2:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRS limits direct deposts of refunds to fight Identity Theft
Replies: 25
Views: 3302

Re: ? "caution" section on backdoor Roth wiki

A couple thoughts from someone who has done a couple Roth conversions and didn't quite get it right the first time. Me. First, IRA are individual accounts, not joint accounts. You listed a 401k that your husband has - that is not an IRA. If he were doing a post tax TIRA contribution and then a Roth ...
by Peter Foley
Sun Jul 06, 2014 11:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: ? "caution" section on backdoor Roth wiki
Replies: 25
Views: 2460

Re: Portfolio Review Would Be Appreciated

I think you are well set and have thought this through. While I would be more comfortable with a 60/40 AA I can understand your reasoning. So, what are you saving for, if not for retirement? It would seem to me that you are in a position to pursue some hobbies or goals you have not listed. On the ot...
by Peter Foley
Sat Jul 05, 2014 6:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Would Be Appreciated
Replies: 5
Views: 652

Re: Asset allocation in multiple accounts question

For me the choice between ETFs or mutual funds is fairly simple. If I am going to be investing periodically (every paycheck) a mutual fund with no transaction fee is the way to go. If you are doing only one or two purchases per year a slightly lower cost ETF would be my choice.
by Peter Foley
Sat Jul 05, 2014 3:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset allocation in multiple accounts question
Replies: 20
Views: 1358

Re: Whether to simplify my portfolio?

Welcome to the forum. While I would agree that some simplification might be desirable, you may be able to do so without a total makeover and the tax implications that would entail. It might be easy to consolidate to one fund in taxable if you have complimentary holdings elsewhere. Are you in the 25%...
by Peter Foley
Sat Jul 05, 2014 12:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Whether to simplify my portfolio?
Replies: 4
Views: 616

Re: Traditional or Roth IRA

At the 15% tax rate i would start out with a Roth. Should you breach the 25% threshold I would then go with a Traditional. Roth space is limited so I would definitely use it while I could. You don't mention anything about your wife's income. Perhaps she is a stay at home mom while the kid(s) are you...
by Peter Foley
Fri Jul 04, 2014 11:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Traditional or Roth IRA
Replies: 36
Views: 2484

Re: Asset allocation in multiple accounts question

I too agree with Duckie's recommendation. I don't like the Pimco bond options in this market environment - too much of the return is lost to fees. The lowest cost non equity fund in your 401k is the RRTIX. I would do some research regarding that fund in terms of its holdings and perhaps give it some...
by Peter Foley
Fri Jul 04, 2014 11:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset allocation in multiple accounts question
Replies: 20
Views: 1358

Re: Asset allocation in multiple accounts question

I would suggest you start your analysis with the funds available in your 401k. If you have good options there (broad based index funds with low expense ratios) you will have a lot of flexibility. It is often the case that good fund selections in a 401k are limited. One then has to pick the best and ...
by Peter Foley
Fri Jul 04, 2014 4:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset allocation in multiple accounts question
Replies: 20
Views: 1358

Re: Having Doubts About My 60/40 Allocation

retiredjg wrote: I think it is fine to be more aggressive, but I would not go that far. You can be aggressive without being foolish. Consider 75/25 and put less of your money in cash. When you hit 45, move to 70/30, at age 50 move to 65/35, etc. I agree with the approach outlined above. By the time ...
by Peter Foley
Fri Jul 04, 2014 3:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Having Doubts About My 60/40 Allocation
Replies: 43
Views: 3073

Re: Wisconsin - Madison Meetings - Master Thread

If it ends up being the 19th, I may be able to attend. I'm one of the steering committee members of the Twin Cities BH group. My wife and I will be in Madison visiting our daughter and her family that weekend. The Minnesota group has been fairly active - we are in our 9th year I believe.
by Peter Foley
Thu Jul 03, 2014 11:47 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Madison Meetings - Master Thread
Replies: 37
Views: 1980

Re: Help with new profit sharing plan

Welcome. A good question - you may get a mix of answers on this one. One of the details needed is the employer contribution. If this were a straight 401k with a $17,500 maximum with no employer match, I would probably invest in one of the lower cost funds for a few years and then switch to a self ma...
by Peter Foley
Thu Jul 03, 2014 6:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with new profit sharing plan
Replies: 1
Views: 141
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