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Re: Transition from Aggressive Investing to Retirement Plann

You could put new savings into bond funds. Don't reinvest capital gains and dividends. Put them into bond funds too. The time for recovering from bond fund losses secondary to rising interest rates decreases if you are putting money into the bond funds each year while rates rise. You have ten years ...
by SGM
Thu Jul 24, 2014 3:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Transition from Aggressive Investing to Retirement Planning
Replies: 1
Views: 67

Re: Reduce / Eliminate Emerging Market in Retirement?

Volatile components may make a portfolio safer. I look at the performance of the portfolio as a whole. I am not removing emerging markets, REITs or small cap funds from my portfolio during retirement.
by SGM
Wed Jul 23, 2014 5:54 am
 
Forum: Investing - Theory, News & General
Topic: Reduce / Eliminate Emerging Market in Retirement?
Replies: 11
Views: 1139

Re: Retirement Research Conference in DC in August (free)

I have signed up. It is hard to give up a free lunch. :wink: Save me a seat.
by SGM
Tue Jul 22, 2014 10:27 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Retirement Research Conference in DC in August (free)
Replies: 2
Views: 303

Re: Using retirement assets and inheritance wisely

Are you collecting a spousal benefit for social security? From 66 to 70 you could take half of his primary insurance amount that he would have received at full retirement age. You were right to avoid that planner. I would consider annuitizing some of the inheritance as his $3000 monthly military pen...
by SGM
Tue Jul 22, 2014 5:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Using retirement assets and inheritance wisely
Replies: 12
Views: 1714

Re: Moving from Edward Jones to Vanguard

Wow. This question comes up a lot. It is heartening that so many people are becoming aware of the Cost Matters Hypothesis.
by SGM
Sat Jul 19, 2014 12:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving from Edward Jones to Vanguard
Replies: 9
Views: 1171

Re: POLL: Do you have a dedicated REIT allocation?

A reasonable person believes that each of his beliefs is true and that some of them are false. :beer
by SGM
Fri Jul 18, 2014 4:32 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: Do you have a dedicated REIT allocation?
Replies: 123
Views: 6885

Re: POLL: Do you have a dedicated REIT allocation?

I'd love if someone can explain the logic why someone already holding REITs should continue to hold them, but a new purchase would be ill-advised. I can understand if capital gains were involved. However, I believe most people hold their REITs in a tax-advantaged account where capital gains don't m...
by SGM
Thu Jul 17, 2014 5:12 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: Do you have a dedicated REIT allocation?
Replies: 123
Views: 6885

Re: Portfolio advice for 401K with no match & high ER

Since your wife is self employed and if she has no additional employees setting up a solo 401k is a great idea. If there is something you could do for her business, you could be paid a salary and it could also go into the solo 401k. Both husband and wife could have all new 401k money in the new plan...
by SGM
Thu Jul 17, 2014 4:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for 401K with no match & high ER
Replies: 15
Views: 1281

Re: tax efficient withdrawals in retirement

You might find this article useful: http://www.onefpa.org/journal/Pages/Tax-Efficient%20Retirement%20Withdrawal%20Planning%20Using%20a%20Comprehensive%20Tax%20Model.aspx The article makes no mention of converting from traditional IRA to Roth IRA early in retirement to use up the low tax brackets. I...
by SGM
Tue Jul 15, 2014 9:07 am
 
Forum: Personal Finance (Not Investing)
Topic: tax efficient withdrawals in retirement
Replies: 10
Views: 1652

Re: tax efficient withdrawals in retirement

Watty, I am already doing muni bond funds and more tax efficient stock MFs as much as I can. DSInvestor, I have mostly converted already to Roths, but my solo 401k has no Roth option. So the solo 401k has been funded to the max and I will be dealing with what to do with it when I retire next month. ...
by SGM
Mon Jul 14, 2014 9:17 am
 
Forum: Personal Finance (Not Investing)
Topic: tax efficient withdrawals in retirement
Replies: 10
Views: 1652

Re: tax efficient withdrawals in retirement

sscritic wrote:
SGM wrote: I will be in a high tax bracket in retirement.

I don't think of 15% as high.


Neither do I. My top bracket is not 15%. However, we all have some income that is taxed at zero %, 10% and 15%. Effective tax rates are lower than marginal tax rates.
by SGM
Mon Jul 14, 2014 5:29 am
 
Forum: Personal Finance (Not Investing)
Topic: tax efficient withdrawals in retirement
Replies: 10
Views: 1652

tax efficient withdrawals in retirement

I had been thinking taxable, then traditional then Roth withdrawals in retirement. Probably not taking Roth withdrawals until my 80s or 90s or not at all. I had pretty much been thinking of marginal tax rates, but that leaves out some potential tax free withdrawals from traditional IRAs. I will be i...
by SGM
Sun Jul 13, 2014 9:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: tax efficient withdrawals in retirement
Replies: 10
Views: 1652

Re: Transfer from Ameriprise to Vanguard, concerns?

Jim, There are state insurance guarantee associations that have different limits by state. This is not a government guarantee, but an association of insurance companies. These are not as good guarantees as the FDIC, but I believe the record in restoring benefits to the insured is pretty good. Inform...
by SGM
Sun Jul 13, 2014 9:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Transfer from Ameriprise to Vanguard, concerns?
Replies: 6
Views: 1052

Re: Transfer from Ameriprise to Vanguard, concerns?

The fixed annuity is getting 3% tax deferred. I think this works like a tax deferred CD and is not yet annuitized as she is getting no payments. I have a fixed savings annuity getting 4%, but new money put into the savings annuity is getting a very low rate. She will have to pay taxes on the annuity...
by SGM
Sun Jul 13, 2014 6:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Transfer from Ameriprise to Vanguard, concerns?
Replies: 6
Views: 1052

Re: Delaying SS while working past age 70

I am delaying SS until 70. My plan is to withdraw from taxable accounts to cover the shortfall from 66 until 70. I have a small amount left to convert from traditional to Roth IRAs too and am debating whether I should leave that small amount in traditional. Roth IRAs will be the last to be withdrawn...
by SGM
Sat Jul 12, 2014 6:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9443

Re: Karen, single, 61, $2 million.

So when my buddy asked me about a Vanguard fund and I summarized the collective wisdom of this forum and advised him and his wife concerning SS strategies I thought I was helping him out. When he emailed me a thanks and said I was like having his own personal Ric Edelman I was actually being insulte...
by SGM
Fri Jul 11, 2014 3:00 pm
 
Forum: Investing - Theory, News & General
Topic: Karen, single, 61, $2 million.
Replies: 35
Views: 3689

Re: List of Worst financial advice (what not to do):

I have ignored or said no to the following: Buy non traded REITS. Invest in this start up dotcom company. Any advice or request from a person who states he has always been humble. Any letter or phone call from a stranger requesting money, especially if they already know my name. Small differences in...
by SGM
Fri Jul 11, 2014 5:29 am
 
Forum: Personal Finance (Not Investing)
Topic: List of Worst financial advice (what not to do):
Replies: 130
Views: 14261

Re: Car did not start: To dispose? How?

Most of our vehicles last over 200,000 miles. I would keep this Honda unless additional things go wrong. It should be reliable over the next 3 months. The most common cause of cars not starting after a lengthy trip is the battery in my experience. Replacing a battery a little early is not so bad. Th...
by SGM
Thu Jul 10, 2014 5:56 am
 
Forum: Personal Consumer Issues
Topic: Car did not start: To dispose? How?
Replies: 70
Views: 5471

Dreman now recommending S&P 500 funds

Contrarian Forbes columnist David Dreman is now recommending S&P 500 funds in his latest column. Only he was confused about the ERs of Investor vs. Admiral class funds at Vanguard. He advises the Investor class fund and states correctly that its ER is 0.17. He incorrectly writes that the minimum...
by SGM
Thu Jul 10, 2014 5:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Dreman now recommending S&P 500 funds
Replies: 2
Views: 622

Re: How to w/d from taxable until SS/RMD time gets here?

If I needed $3000 a month for 7 years from a $400,000 portfolio I would keep about $150,000 in investments that threw off dividends or muni interest. I would reach a little bit for a better yield than limited term with all the funds but maybe a bit more with the funds that I would not have to touch ...
by SGM
Wed Jul 09, 2014 8:34 am
 
Forum: Investing - Help with Personal Investments
Topic: How to w/d from taxable until SS/RMD time gets here?
Replies: 29
Views: 1966

Re: Is it ever ok to tell your boss you have another offer?

I would tell the boss just before leaving unless you have a unique contribution to your company or your have a terrific boss. I found and convinced a former colleague to become a replacement for myself when I left an oil major and did give them extra notice. I was on a personal crusade to improve an...
by SGM
Tue Jul 08, 2014 10:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Is it ever ok to tell your boss you have another offer?
Replies: 30
Views: 2792

Re: Delaying SS while working past age 70

Hi BobK, I agree that the Shoven and Slavov papers are helpful. Thanks for posting them. You are a terrific addition to the forum. I am just thinking aloud with my comments. I really don't know if mine help others, but it helps me clarify my thinking. Keep the research coming Bob. :beer I am getting...
by SGM
Tue Jul 08, 2014 10:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9443

Re: Delaying SS while working past age 70

As to determining whether SS delay is a good deal from 66 to 70, I looked at a wide variety of things too numerous and boring to detail here. I have already made a decision to delay SS until 70 but like to read the give and take in these posts about it. I will just put down a few thoughts that I had...
by SGM
Tue Jul 08, 2014 5:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9443

Re: Roth and Traditional IRA

You can recharacterize a Roth conversion made in 2014 up until October 15 of 2015. People do this if the Roth goes down in value and don't want to pay a tax on the higher amount of the Roth conversion. The money goes back into a traditional IRA. There is no advantage in recharacterizing past the dea...
by SGM
Mon Jul 07, 2014 5:40 am
 
Forum: Investing - Theory, News & General
Topic: Roth and Traditional IRA
Replies: 14
Views: 896

Re: Delaying SS while working past age 70

The probability of being alive factor may be helpful for a decision on how to price an annuity for an insurance company or the SSA when looking at large populations. I cannot see how it all that helpful in making a decision for the annuitant. We know SS is a better deal than a commercial annuity. In...
by SGM
Sun Jul 06, 2014 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9443

Re: Delaying SS while working past age 70

For my personal situation, the NPV doesn't have much meaning. I have chosen to think of SS as longevity insurance. Using the probabilities related to longevity in the above NPV equations seems to be too precise for individual decisions given the number of unknowns. I would rather look at the break e...
by SGM
Sun Jul 06, 2014 12:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9443

Re: Valuing a personal residence for net worth purposes

I don't include my personal residence in net worth calculations. I have a notional idea of the value, but I am not depending on selling my residence to fund retirement. However, the El Segundo refinery worker who sold his house at greatly increased value and retired to Nevada most certainly used his...
by SGM
Sat Jul 05, 2014 5:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Valuing a personal residence for net worth purposes
Replies: 73
Views: 3752

Re: Vanguard Managed Payout Fund (VPGDX)

You can reinvest the dividends in this fund. The expense ratio is significantly higher(0.34) than index funds offered by Vanguard. The aim is to take out 4% yearly without the value of the fund going down as I understand it. However this target could be adjusted down if the fund does not do so well....
by SGM
Thu Jul 03, 2014 5:32 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard Managed Payout Fund (VPGDX)
Replies: 40
Views: 2700

Re: How to admit/should I admit alcohol problem to employer

Congratulations for admitting to this problem. This is a serious health issue. I hope you get the treatment you need.
by SGM
Thu Jul 03, 2014 4:54 am
 
Forum: Personal Finance (Not Investing)
Topic: How to admit/should I admit alcohol problem to employer
Replies: 97
Views: 10216

Re: "most [] research findings in financ[e] are likely false"

Scientific papers are more likely to be published if they prove a hypothesis. The P value has to be less than .05 to be statistically significant. That amounts to a less than a 1 in 20 chance that the results were found by chance. But what about the possible papers that did not prove the hypothesis ...
by SGM
Wed Jul 02, 2014 9:01 am
 
Forum: Investing - Theory, News & General
Topic: "most [] research findings in financ[e] are likely false"
Replies: 62
Views: 3784

Re: New Attending Physician Tomorrow Advice?

"Example is leadership........I don't know what your destiny will be but one thing I know. The only ones among you who will be truly happy are those who have sought and found how to serve." Albert Schweitzer, theologian and physician
by SGM
Mon Jun 30, 2014 10:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Attending Physician Tomorrow Advice?
Replies: 17
Views: 1950

Re: Suggestions for teaching new MDs about finance?

A lot of people think "you get what you pay for," when the exact opposite is true concerning investing. I see so many of my fellow physicians paying fees for assets under management. One dentist friend insists that paying for AUM is the only way to go. According to him his advisor's and hi...
by SGM
Mon Jun 30, 2014 5:24 am
 
Forum: Investing - Theory, News & General
Topic: Suggestions for teaching new MDs about finance?
Replies: 39
Views: 2662

Re: Who do you talk with about your financial goals?

McMansions are houses that are too big for their lots. They have at least one closet bigger than your first apartment. They are generally ugly and these days are hard to get rid of around here.
by SGM
Sun Jun 29, 2014 7:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who do you talk with about your financial goals?
Replies: 158
Views: 9063

Re: Better than index funds: Buy a conglomerate’s stock

I have a few conglomerates including Berkshire, GE and RPM. They lower my cost of investing. I see a place for them as a smaller part of a portfolio. They are riskier than index funds, but I am willing to take the risk. Besides I don't want to pay the capital gains at the present time. Maybe they wi...
by SGM
Sun Jun 29, 2014 7:43 pm
 
Forum: Investing - Theory, News & General
Topic: Better than index funds: Buy a conglomerate’s stock
Replies: 27
Views: 3382

Re: Who do you talk with about your financial goals?

I have discussed goals with financial advisors at Vanguard and with my accountant. I do not discuss it with others except my spouse. I have discussed the advantages of delaying SS with several people and a strategy of Roth conversions. The other thing I discuss is keeping investment costs low.
by SGM
Sun Jun 29, 2014 4:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who do you talk with about your financial goals?
Replies: 158
Views: 9063

Re: Bucket Strategy for Retirement. Please comment

I read Ray Lucia's book on the bucket strategy and it seemed overly complicated. I think most people decide what amount of an emergency or spending fund they need in retirement and keep that in some sort of cash equivalent. Generally, they pick an asset allocation strategy or stock to bond ratio for...
by SGM
Sun Jun 29, 2014 4:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bucket Strategy for Retirement. Please comment
Replies: 34
Views: 3784

Re: Help confirm my thoughts regarding solo 401k

As you know for a salary of $135,000 the limits differ based on the form of your business entity. limits for a sole proprietor 42687.65 total -17500 = 25187.65 Profit sharing limits for an S or C corp 51250 total -17500 = 33750 Profit sharing I am not an accountant but I believe you would have to su...
by SGM
Thu Jun 26, 2014 11:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Help confirm my thoughts regarding solo 401k
Replies: 9
Views: 405

Re: Parking money for 2014 taxes

As a general rule I don't pay the IRS earlier than necessary. I hope no thin skinned individual finds that offensive. Since you have made the required payment to avoid and IRS penalty you can follow one of Livesoft's recommendations. Occasionally you can find a bank offering of higher interest in a ...
by SGM
Tue Jun 24, 2014 6:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Parking money for 2014 taxes
Replies: 14
Views: 882

Re: Any benefit of having both Traditional and Roth accounts

Roth accounts were not available to me when I was young and in lower tax brackets. When you are young you are usually in a lower tax brackets than in retirement. At least I find that to be the case for me. If they were available I would have maxed out Roths.
by SGM
Sun Jun 22, 2014 6:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Any benefit of having both Traditional and Roth accounts?
Replies: 14
Views: 1755

Re: Convince me to visit Italy

I have been twice. The only Italian you really need to know is Che bella regazza and amore.
by SGM
Fri Jun 20, 2014 5:10 pm
 
Forum: Personal Consumer Issues
Topic: Convince me to visit Italy
Replies: 77
Views: 5328

Re: Personal Life subforum?

I like the idea of this being a site for investing advice. Anything else is a distraction.
by SGM
Fri Jun 20, 2014 5:29 am
 
Forum: Forum Issues and Administration
Topic: Personal Life subforum?
Replies: 97
Views: 4605

Re: I cannot make the jump and retire

Read First Do No Harm Being a Resilient Doctor in the 21st Century by Leanne Rowe and Michael Kidd. When I read that you were a more conservative investor and were mostly in CDs, my immediate thought was "Yikes!" What about inflation? It took me two years of working part time and exploring...
by SGM
Thu Jun 19, 2014 6:47 am
 
Forum: Personal Finance (Not Investing)
Topic: I cannot make the jump and retire
Replies: 73
Views: 8071

Re: Poll: Do you receive compensation for financial advice?

Not a professional, I only advise those who seem receptive. I have pointed out significant unnecessary fees amounting to $240 per year for low levels in 12 separate 529s to a hiking buddy. I received several free lunches for the advice on 529s. :) For the following advice I only received a sense of ...
by SGM
Tue Jun 17, 2014 7:05 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Do you receive compensation for financial advice?
Replies: 29
Views: 2073

Re: With no children, who will take care of my finances?

I see this a lot in my work. Fortunately we have several social workers who help with these issues by getting attorneys involved and discussion with family members and physicians. Some attorneys do a better job than others. Sometimes nieces and nephews get involved. Scams have been a big issue in th...
by SGM
Tue Jun 17, 2014 9:51 am
 
Forum: Personal Finance (Not Investing)
Topic: With no children, who will take care of my finances?
Replies: 53
Views: 5704

Re: White coat investor: you're not as rich as you think you

You mean to say that Alfred E. Neuman was wrong? :oops: "What me worry?"
by SGM
Mon Jun 16, 2014 9:14 am
 
Forum: Investing - Theory, News & General
Topic: White coat investor: you're not as rich as you think you are
Replies: 21
Views: 4866

Re: The Biology of Risk

Thanks Bob for pointing out this article. It is interesting how greater transparency of the Fed had an unintended opposite effect over the next 20 years. Like the parachutist who jumped with H.W., I like to be a little nervous about the risk of each jump. I would like to see some more investigation ...
by SGM
Sat Jun 14, 2014 10:12 am
 
Forum: Investing - Theory, News & General
Topic: The Biology of Risk
Replies: 91
Views: 4355

Re: Curious SS "when do I take it" spreadsheet

If the spouse is full retirement age then if the other files and suspends, then the spouse can take a spousal regardless of the which benefit is greater. Before the spouse's full retirement age, then the spouse will get the higher of the spouse's present benefit or a somewhat less than 50% of the hi...
by SGM
Fri Jun 13, 2014 4:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Curious SS "when do I take it" spreadsheet
Replies: 5
Views: 890

Re: Annuitizing for retirement - what if the market is down?

Taking annuities earlier have the increased risk of losing out to inflation. If I annuitize at all it will probably be after 70 and in 5 year increments. I will wait until age 70 to collect SS. I have a small annuity/pension that I took earlier. The stock market was lower and interest rates were hig...
by SGM
Thu Jun 12, 2014 5:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Annuitizing for retirement - what if the market is down?
Replies: 43
Views: 3869

Re: At what point do munis make sense?

Consider running your numbers on Vanguards calculator. I don't consider Vanguard's intermediate tax exempt very risky. https://personal.vanguard.com/us/funds/ ... alentyield
by SGM
Tue Jun 10, 2014 11:35 am
 
Forum: Investing - Theory, News & General
Topic: At what point do munis make sense?
Replies: 65
Views: 5959

Re: 100 year portfolio

I have seen one family trust greatly depleted by the fees of the very large American bank that runs it. The beneficiaries,who are many, have no way to wrest control from the bank. This trust would have done much better as the 3 fund portfolio run by trusted individuals. It is impossible to control t...
by SGM
Mon Jun 09, 2014 2:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: 100 year portfolio
Replies: 10
Views: 907
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