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Re: Bad(?) advice given about Target Date Retirement funds

i put my college age kids in target date 2060 fund because if they never develop an interest in the theory of investing they can ignore the fund, never touch it, and should have an appropriate asset allocation 45 years from now. +1 Neither of my children know or care about any theory of investing, ...
by RadAudit
Thu Aug 21, 2014 2:50 pm
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 74
Views: 4819

Re: Will you have to pay your parent's long term care costs?

If the word gets out, at least I can expect a few more phone calls from the kids asking about my health.
by RadAudit
Wed Aug 20, 2014 11:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Will you have to pay your parent's long term care costs?
Replies: 57
Views: 3685

Re: So am I a terrible father? [inheritance question]

Given the other responsibilities you probably you have, their possible duration and probable costs, and the other uncertainties of life and the tax code, I don't know if you don't have the right idea. Those unknowns - and other unknown unknowns - would seem to argue to keep as much money in a tax ad...
by RadAudit
Tue Aug 19, 2014 9:19 am
 
Forum: Personal Finance (Not Investing)
Topic: So am I a terrible father? [inheritance question]
Replies: 31
Views: 4391

Re: Poll: Cash Reserve for Investments

I have no cash in reserve for investments.

However, I do have ~ 2% in cash to cover one year of expenses beyond a small pension and a little SS, if necessary. So, I guess that's no, but I plan on building a reserve.
by RadAudit
Sun Aug 17, 2014 9:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Poll: Cash Reserve for Investments
Replies: 11
Views: 762

Re: What Allocation Makes Sense

Welcome to the forum. This is more of a bump up than of an answer. So a bit long on stocks for someone my age, but in low volatility funds. Is this too risky? The simple and truthful answer for you is I don't know. I do know it is too risky for me. Unfortunately, it is a question that only you can a...
by RadAudit
Thu Aug 14, 2014 10:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: What Allocation Makes Sense
Replies: 9
Views: 1054

Re: Tangible vs Intangibles when choosing an investment comp

"if they're charging 4%, I wouldn't have trusted them in the first place". I may have trusted them to do what they said they would do; but, if we were talking about investing in index mutual funds, I wouldn't have invested with them because there are other fund families that would perform...
by RadAudit
Thu Aug 14, 2014 5:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tangible vs Intangibles when choosing an investment company
Replies: 18
Views: 769

Re: Tangible vs Intangibles when choosing an investment comp

toto238 wrote:Would you invest with a company you don't trust if they have lower expenses?


No.

toto238 wrote: How much lower would the expenses have to be?


They don't make numbers that low.
by RadAudit
Thu Aug 14, 2014 5:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tangible vs Intangibles when choosing an investment company
Replies: 18
Views: 769

Re: Tropical vacation next winter with infant-where?

(2) Before the trip pick up a half a dozen or so little tiny toys and wrap them up in wrapping paper as little presents and hide them in your carry on. Then at various points along the way when everyone is reaching their limit you can pull out a little surprise present that can buy some peace for a...
by RadAudit
Wed Aug 13, 2014 12:18 pm
 
Forum: Personal Consumer Issues
Topic: Tropical vacation next winter with infant-where?
Replies: 40
Views: 2728

Re: A financial “guru” for world travelers?

M_to_the_G wrote:Can people really fund fabulous Condé Nast traveler lifestyles by day trading for a few hours a day, as this person claims?


Some may be able to do it for awhile. Most others, probably not so much.
by RadAudit
Mon Aug 11, 2014 6:08 pm
 
Forum: Investing - Theory, News & General
Topic: A financial “guru” for world travelers?
Replies: 18
Views: 1979

Re: Investment Portfolio

Welcome to the forum. You really just wanted to start out with the easy questions first, didn't you? :D The answers to those questions have generated more debate on this forum than the classic "How many angels can dance on the head of a pin?" (The correct answer varies depending on the den...
by RadAudit
Fri Aug 08, 2014 6:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investment Portfolio
Replies: 4
Views: 381

Re: Should this person buy bonds??

Just a wild guess here.

It would just be another element / asset class that he may wish to include in / exclude from his portfolio as he wades through the problem of determining an appropriate asset allocation that fits his individual need, ability and willingness to accept risk.
by RadAudit
Fri Aug 08, 2014 1:20 pm
 
Forum: Investing - Theory, News & General
Topic: Should this person buy bonds??
Replies: 16
Views: 1127

Re: Start all over at 63 years of age?

Your absolutely worst scenario is being unable to handle your own affairs and being robbed blind. You could end up dying painfully of infected bedsores in the worst medicaid mill you can imagine. It has happened to people in my own professional orbit. Live in girlfriend departed with 1.3 million in...
by RadAudit
Thu Aug 07, 2014 8:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Start all over at 63 years of age?
Replies: 23
Views: 4132

Re: New to BH, looking for AA advice

Welcome to the forum.

One thing I didn't see in the plan. Are you planning on having children?

If you are, does your plan cover their educational expenses which will begin to ramp up big time in about 20 years - or about 10 to 15 years in to planned retirement.
by RadAudit
Wed Aug 06, 2014 6:56 am
 
Forum: Investing - Help with Personal Investments
Topic: New to BH, looking for AA advice
Replies: 7
Views: 651

Re: What is your most memorable 1 week vacation?

London over the Christmas Holidays 40+ years ago. Stayed in a bed and breakfast around the corner from Baker Street - Sherlock wasn't at home. Actually, as I remember, Sherlock's apartment wasn't there either. The delightful owner of the B&B delivered breakfast to the room and announced the star...
by RadAudit
Sun Aug 03, 2014 7:51 pm
 
Forum: Personal Consumer Issues
Topic: What is your most memorable 1 week vacation?
Replies: 85
Views: 6561

Re: Dave Ramsey still defending 12% and still angry at "nerd

Personally, I liked Ramsey's views that the average annual return on money you didn't invest is zero; and, the problem with people's retirement accounts aren't that they didn't get 12%, the problem is they didn't put any money in to the investment. And, if we can get past the all too valid criticism...
by RadAudit
Fri Aug 01, 2014 4:50 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22357

Re: ? Best simple reference to dissuade a day trader

Google "Day Trader" and then - you may want to provide him ample space after this - you might want to google "Day Trader shoots"
by RadAudit
Fri Aug 01, 2014 2:41 pm
 
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 4246

Re: The Boglehead-prisoner’s dilemma.

midareff wrote:Deed to a piece of land near an expanding city.


Good idea.

However, how is he going to pay property taxes on the land for 15 years? And wouldn't the county throw the property in to foreclosure for back taxes before he could get out of prison, if the taxes weren't paid?
by RadAudit
Thu Jul 31, 2014 9:26 am
 
Forum: Investing - Theory, News & General
Topic: The Boglehead-prisoner’s dilemma.
Replies: 33
Views: 5424

Re: Blog:World-wide mutual funds at a glance

joe8d wrote:The fact is that you can own almost every stock and bond in the world for 1K (TR Fund)


And, when (if) someone asks how many stocks do you own, you can answer truthfully - all of them.
by RadAudit
Wed Jul 30, 2014 10:10 pm
 
Forum: Investing - Theory, News & General
Topic: Blog:World-wide mutual funds at a glance
Replies: 3
Views: 438

Re: Mecklenburg County, VA

Sand - other pieces of trivia. Both Lake Gaston and Kerr Lake (?) have camping and water recreational opportunities, as I recall. However, the Kerr Dam was built for flood control and electrical power generation (I think) so water levels on the lake behind that dam fluctuate maybe several / 10+ feet...
by RadAudit
Tue Jul 29, 2014 11:50 am
 
Forum: Personal Consumer Issues
Topic: Mecklenburg County, VA
Replies: 9
Views: 829

Re: Mecklenburg County, VA

I summered in Mecklenburg County more than 40 years ago when I worked for the Corps of Engineers at the dam - painting boundary lines. (The boundary line was important to the farmers to mark the start of the government land.) There was a cute little restaurant on the town square where you could get ...
by RadAudit
Mon Jul 28, 2014 10:40 am
 
Forum: Personal Consumer Issues
Topic: Mecklenburg County, VA
Replies: 9
Views: 829

Re: Do Bogleheads Feel Wealthier?

Why, no. I don't feel wealthier. After hanging around this site for a while, I know I'm not wealthier than some who post to the site.

However, I continue to spend more as time goes on due to inflation and on travel. Somehow I stay pretty close to my target SWR and so far it seems to be working.
by RadAudit
Mon Jul 28, 2014 7:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads Feel Wealthier?
Replies: 57
Views: 4641

Re: Vanguard sued for charging too little

No good deed ever goes unpunished.

Thanks for the link
by RadAudit
Sat Jul 26, 2014 9:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 173
Views: 19174

Re: Need Help and totally confused!!

I'm sorry for your loss. Welcome to the forum. Folks better versed than I shall arrive shortly and provide more help. I'd open up savings accounts in eight local FDIC insured banks and / or nationally insured credit unions. I'd then deposit $225,000 in each account keeping the balance in each bank u...
by RadAudit
Wed Jul 23, 2014 8:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Help and totally confused!!
Replies: 33
Views: 1951

Re: So how long will I live? How long do I plan for?

Simply put. I stopped reading the obituaries. Too many folks dying that are younger than me (65). Act accordingly. Good luck! Why did you ever start ? My DW started reading obits while working at the welfare office. She said it was the easiest way to close out a case file. The habit of reading obit...
by RadAudit
Wed Jul 23, 2014 10:10 am
 
Forum: Personal Finance (Not Investing)
Topic: So how long will I live? How long do I plan for?
Replies: 55
Views: 4366

Re: VMMXX: Finally Pulled the Trigger

John, thanks for the post. Just like a number of the threads on the site, yours leads me to look at my portfolio and wonder why am I doing THAT :oops: (Whatever that is at the moment). Maybe I should move money from VMMXX to a short term bond fund while I wait for a planned short term need to appear...
by RadAudit
Tue Jul 22, 2014 11:28 am
 
Forum: Investing - Help with Personal Investments
Topic: VMMXX: Finally Pulled the Trigger
Replies: 20
Views: 2698

Re: If you are a winner before fees, why not lower the ER?

The excess fees result in higher income to the corporation / owners of the fund?
by RadAudit
Tue Jul 22, 2014 10:50 am
 
Forum: Investing - Theory, News & General
Topic: If you consistently outperform (pre-fees), why not lower ER?
Replies: 35
Views: 1153

Re: Portfolio review

mnvalue wrote:Why are you doing Roth with a 54% marginal rate???


Thanks for posting. I knew help would arrive.
by RadAudit
Mon Jul 21, 2014 5:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio review
Replies: 20
Views: 1994

Re: Portfolio review

This is a bump up. Others will be along shortly - hopefully - to help out. I'll offer a few opinions on stuff I may have some limited experience in - not expertise, opinions. Our biggest question is probably around the stock/bond split. We've debated this at great length, and can't come to anything ...
by RadAudit
Mon Jul 21, 2014 12:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio review
Replies: 20
Views: 1994

Re: VG Admiral Fund-falling below minimum investment

I once dropped below the limit; but, it was due to market action. They did not revoke Admiral status. Selling shares and dropping below the limit may be another story.

But as noted above; we've run this question a number of times.
by RadAudit
Sun Jul 20, 2014 5:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: VG Admiral Fund-falling below minimum investment
Replies: 36
Views: 3376

Re: Article: Conversation with John Bogle - Part II

I liked the answer Mr. Bogle gave to a financial adviser on what to tell a client when the client discovers he doesn't need the adviser I again answer, ‘Do the same thing. Nothing.’ Then the client says, ‘What do I need you for?’” The adviser asked me, “How do I answer that question?” I said, your a...
by RadAudit
Thu Jul 17, 2014 11:58 am
 
Forum: Investing - Theory, News & General
Topic: Article: Conversation with John Bogle - Part II
Replies: 11
Views: 1496

Re: New Grad needing some advice

When you are finished implementing the above information, you may want to read over the stuff here, watch the videos and read some of the recommended books http://www.bogleheads.org/wiki/Getting_started
by RadAudit
Tue Jul 15, 2014 8:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Grad needing some advice
Replies: 19
Views: 1795

Re: A study on active management

that the proportion of skilled fund managers has diminished rapidly over the past 20 years, while the proportion of unskilled fund managers has increased substantially Nice article. Thanks for the link. Loved the conclusion. I'm wondering if the total number of skilled fund managers is essentially ...
by RadAudit
Mon Jul 14, 2014 2:57 pm
 
Forum: Investing - Theory, News & General
Topic: A study on active management
Replies: 2
Views: 607

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

Does it strike anyone else as odd that the lowest amount of money 1/5 of the respondents can live on is 2X the US average income for a family of four? (If I can remember the numbers correctly)
by RadAudit
Sun Jul 13, 2014 10:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: What after-tax income could you live on today?
Replies: 48
Views: 5135

Re: Investing is starting to get boring

Paul Samuelson: Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.


Looks as if you might be on the right track.
by RadAudit
Sun Jul 13, 2014 12:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing is starting to get boring
Replies: 39
Views: 3978

Re: Changes to Vanguard Balance and Personal Performance tab

For the chart, mine showed five years, as little as a week ago, I think. Now it seems to be showing precisely 10 years. Ditto for personal performance. They may be on a slow roll out of the option. My "Balances Over Time" and "Personal Performance" tabs show five years of data. ...
by RadAudit
Thu Jul 10, 2014 7:10 pm
 
Forum: Investing - Theory, News & General
Topic: Changes to Vanguard Balance and Personal Performance tabs
Replies: 18
Views: 2109

Re: Retiring without any Direction

The "Yes, but" game can go on forever.
by RadAudit
Mon Jul 07, 2014 11:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Retiring without any Direction
Replies: 26
Views: 2115

Re: Teaching Kids the Rules of Investing.

Welcome to the forum. You might want to look over some of the material at this link for some ideas. http://www.bogleheads.org/wiki/Getting_started It's a good idea to start early and keep it simple. I send my kids a copy of the philosophy and the principles every year just as a reminder and links to...
by RadAudit
Sat Jul 05, 2014 7:24 am
 
Forum: Investing - Theory, News & General
Topic: Teaching Kids the Rules of Investing.
Replies: 17
Views: 2013

Re: Fidelity customer with Vanguard envy

A number of folks on the site are trying to simplify their holdings. You're trying to complicate your holdings. If the only reason to go to Vanguard is to buy a competitively priced TSM, run the numbers and see how much this wrinkle in portfolio is going to cost / save you. Then ask yourself, is it ...
by RadAudit
Thu Jul 03, 2014 8:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity customer with Vanguard envy
Replies: 13
Views: 1293

Re: The Millionaire Next Door: Are You One?

See another snap judgement:) What do you think about the snap judgements that people make when they see someone driving a BMW I think the individual hasn't read Consumers Report on the car's probable maintenance history. freddie, I'm sorry. I misread the question. Obviously, that's what I think whe...
by RadAudit
Wed Jul 02, 2014 9:58 am
 
Forum: Personal Consumer Issues
Topic: The Millionaire Next Door: Are You One?
Replies: 187
Views: 22709

Re: The Millionaire Next Door: Are You One?

freddie wrote:What do you think about the snap judgements that people make when they see someone driving a BMW


I think the individual hasn't read Consumers Report on the car's probable maintenance history.
by RadAudit
Wed Jul 02, 2014 8:48 am
 
Forum: Personal Consumer Issues
Topic: The Millionaire Next Door: Are You One?
Replies: 187
Views: 22709

Re: stamp collection

Most stamp collections are sold by the pound, or so I remember being told once a long time ago. YMMV

You can start your search here. http://stamps.org/Home or here http://www.americanstampdealer.com/
by RadAudit
Tue Jul 01, 2014 6:01 pm
 
Forum: Personal Consumer Issues
Topic: stamp collection
Replies: 19
Views: 1181

Re: Starting out???

The best way to start out, IMO, is to invest in a Target Retirement Fund that matches / comes close to your desired asset allocation. Of course expenses still count. Then when you accumulate enough so you can switch to investing in individual funds, do so.

Other opinions may vary.
by RadAudit
Sun Jun 29, 2014 5:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Starting out???
Replies: 14
Views: 901

Re: How much to retire

Bill Bernstein in a 16 page pamphlet for millennials uses projections of real returns and provides a link to a spreadsheet. Don't know if the spreadsheet is still active; but, his explanations should give you a starting point. The specific numbers are most of the way through the section noted Hurdle...
by RadAudit
Sun Jun 29, 2014 9:30 am
 
Forum: Personal Finance (Not Investing)
Topic: How much to retire
Replies: 21
Views: 2959

Re: What is simple enough to understand, and therefore inves

I found that if I understood, at some level, the basic theories underlying investing in the stock market and in mutual funds that picking out investments and staying the course was easier. The efficient market hypothesis (EMH) - loose form - seems to help frame the discussion. Basically, the market ...
by RadAudit
Sat Jun 28, 2014 10:49 am
 
Forum: Investing - Theory, News & General
Topic: What is simple enough to understand, and therefore invest in
Replies: 27
Views: 1901

Re: "Being Done" Saving: White Coat Investor blog post

I often get the feeling that the goalposts are moving further back and at the same time, someone is taking the air out of the football. There's a lot of that going around. Has been for years. Been there, done that. I started my career in the early 1970's. The only advice I can give - from personal ...
by RadAudit
Fri Jun 27, 2014 12:07 pm
 
Forum: Investing - Theory, News & General
Topic: "Being Done" Saving: White Coat Investor blog post
Replies: 47
Views: 7797

Re: If You Can [free Bill Bernstein booklet for millennials]

Well, there's always someone who's late to get the word. In this case, it's me.

It's a quick enjoyable and informative read. I found it interesting how he explained the recommended 15% saving rate and he tied it to the expected real returns.

Sent the link to the kids.
by RadAudit
Fri Jun 27, 2014 11:36 am
 
Forum: Personal Finance (Not Investing)
Topic: If You Can [free Bill Bernstein booklet for millennials]
Replies: 28
Views: 5082

Re: Modeling the Worst Case for Stocks

The worst case? The volcano under Yellowstone blows.

Or, as they say in Dr. Strangelove - I'm not saying we won't take a hit. Maybe 20, 30 million tops.
by RadAudit
Thu Jun 26, 2014 8:40 am
 
Forum: Investing - Theory, News & General
Topic: Modeling the Worst Case for Stocks
Replies: 41
Views: 3142

Re: [Poll] Do you use automatic investment?

If we are discussing only periodic and automatic transfers from the bank account, the answer is no. However, the 401(k) and its predecessor were funded from the paycheck for 38 years - so that was periodic and automatic. Now that I'm retired, the RMDs and cap gains / dividends are periodically and a...
by RadAudit
Thu Jun 19, 2014 8:43 am
 
Forum: Investing - Theory, News & General
Topic: [Poll] Do you use automatic investment?
Replies: 30
Views: 1247

Re: Why 'I'll just work longer' is not a good retirement pla

Does this mean that people should get their nest egg in place before age 60? Or could one say if you have to drop out of the work force before age 60, then you probably do not need to plan to age 95? I tend to agree that your nest egg ought to be pretty much in place by the age of 60. However, I do...
by RadAudit
Tue Jun 17, 2014 12:36 pm
 
Forum: Investing - Theory, News & General
Topic: Why 'I'll just work longer' is not a good retirement plan
Replies: 8
Views: 1781

Re: Need Investment advice for Retiree with Defined Pension

I'm a few years ahead of you having retired about three years ago. Most of the expenses are covered by a defined benefit pension and SS. Still, unexpected but necessary - and nice - expenses do pop up. So, I'd stay with a more conservative portfolio vs. a more aggressive portfolio for the first seve...
by RadAudit
Sat Jun 14, 2014 8:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Need Investment advice for Retiree with Defined Pension & SS
Replies: 21
Views: 2024
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