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Re: Would you change stock allocation based on market condit

As I'm about 3.5 years from retiring (at age 55), and had been 70:30 stocks:bonds for several years, I was ready to make a shift of 10% of stocks into cash. That amount represents about the amount of money we expect to need from our retirement accounts in our first five years of retirement in order ...
by Sandman62
Mon Jun 23, 2014 1:35 pm
 
Forum: Investing - Theory, News & General
Topic: Would you change stock allocation based on market conditions
Replies: 37
Views: 1762

Re: How much $ savings needed to change car insurance compan

But all it takes is a claim or two, and the potential for a very unpleasant experience as we attempt to get the company to make good on all those premiums, and then we might realize that what we paid for all those years really was cheaper for a reason. You're making an assumption that higher cost c...
by Sandman62
Mon Jun 02, 2014 5:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much $ savings needed to change car insurance companies?
Replies: 29
Views: 2005

Re: How much $ savings needed to change car insurance compan

roymeo wrote:What's this magic 'service' thing that I'm missing by using Geico?

Have you much claims experience?
by Sandman62
Mon Jun 02, 2014 9:16 am
 
Forum: Personal Finance (Not Investing)
Topic: How much $ savings needed to change car insurance companies?
Replies: 29
Views: 2005

Re: How much $ savings needed to change car insurance compan

But do we buy ALL services based on price alone? If I hire a carpenter, I ask around about quality of work, reliability, the quality of materials used, etc. Maybe if we're buying something that truly is the same no matter where we buy it, then price is paramount - like a book or a car. But services ...
by Sandman62
Sun Jun 01, 2014 12:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much $ savings needed to change car insurance companies?
Replies: 29
Views: 2005

Re: How much $ savings needed to change car insurance compan

I feel your number of years with a company can be factor. I hope Amica will show me some loyalty if I ever need it, after having my auto coverage with them for nearly 50 years. I wouldn't change carriers for almost any savings. Bruce +1 I'm always amazed that people shop for insurance as if all the...
by Sandman62
Sun Jun 01, 2014 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: How much $ savings needed to change car insurance companies?
Replies: 29
Views: 2005

Re: Car for daughter

I have a '99 TL with about 165k miles on it and live in RI. My daughter went to URI for 3 years and drove it and now my son drives it (and also attends URI). We've never used snow tires and the only real trouble we've had was with our driveway, which is a short hill and sometimes took me a few tries...
by Sandman62
Mon May 12, 2014 5:36 pm
 
Forum: Personal Consumer Issues
Topic: Car for daughter
Replies: 39
Views: 1953

Re: Woodpeckers...I'm desperate!

A couple years ago, we had woodpecker damage to the front of our house. Probably 25-30 golf ball sized holes. It cost us thousands to have repaired. I then purchased a $15 plastic owl and perched him on a shingle nailed to the underside of our garage overhang, at the corner of the house. I also purc...
by Sandman62
Sun Apr 13, 2014 11:31 am
 
Forum: Personal Consumer Issues
Topic: Woodpeckers...I'm desperate!
Replies: 52
Views: 4772

Re: My take on impact of HFT,

Is there a way to read p. 2 of the article on an iPad without having to download an app?
by Sandman62
Sat Apr 05, 2014 10:46 am
 
Forum: Investing - Theory, News & General
Topic: My take on impact of HFT,
Replies: 24
Views: 1618

Re: omg, did I miss the buying opportunity in stocks?

It's not hindsight if I've been in it nearly 20 years, is it? :wink: Hi Sandman62, I think the point that is trying to be illustrated is that it is very difficult but certainly not impossible for an actively managed fund to beat it's benchmark over long periods of time especially AFTER ER's are tak...
by Sandman62
Mon Feb 10, 2014 9:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: omg, did I miss the buying opportunity in stocks?
Replies: 54
Views: 6530

Re: omg, did I miss the buying opportunity in stocks?

It's not hindsight if I've been in it nearly 20 years, is it? :wink:
by Sandman62
Sun Feb 09, 2014 6:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: omg, did I miss the buying opportunity in stocks?
Replies: 54
Views: 6530

Re: omg, did I miss the buying opportunity in stocks?

Any active mutual fund period, over time, will fail vs passive expectantly. Legg mason used to be exception until it wasn't. Am I misunderstanding you? Are you saying that "any active fund will occasionally underperform passive" or that "ALL funds do not beat indexes over time"?...
by Sandman62
Sun Feb 09, 2014 9:18 am
 
Forum: Investing - Help with Personal Investments
Topic: omg, did I miss the buying opportunity in stocks?
Replies: 54
Views: 6530

Re: Age in Bonds - Who Follows a Different Strategy?

Age minus 20 despite planning to retire in less than four years at age 55. With our pensions covering 90-100% of our expenses in retirement, we feel we can stay aggressive a while longer. But they have no COLA, so by age 60, we'll likely shift to 60/40, as our withdrawals start to increase.
by Sandman62
Sat Jan 25, 2014 8:49 pm
 
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Who Follows a Different Strategy?
Replies: 132
Views: 6959

Re: 11% increase in auto insurance premium

I agree...make sure you are comparing apples to apples. Also ensure you are looking at the big picture (home & auto combined). If the rate was lower I would switch. If you really like your current company, you could offer them the chance to price match before you leave. Cheaper is better... Hav...
by Sandman62
Mon Jan 13, 2014 1:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: 11% increase in auto insurance premium
Replies: 25
Views: 2277

Re: SOUTH of BOSTON - CHAPTER 36--FIRST MEETING

moshe wrote:
Sandman62 wrote:What's the expected agenda? I'm in RI and already planning on visiting Boston for a day or two over wife's Feb. school vacation.


What are those dates Sandman as your vacation may be different than ours?
15-23rd. Not sure we'd do it, but it's possible.
by Sandman62
Mon Jan 13, 2014 9:28 am
 
Forum: Local Chapters and Bogleheads Community
Topic: SOUTH of BOSTON - CHAPTER 36--FIRST MEETING
Replies: 31
Views: 5402

Re: SOUTH of BOSTON - CHAPTER 36--FIRST MEETING

What's the expected agenda? I'm in RI and already planning on visiting Boston for a day or two over wife's Feb. school vacation.
by Sandman62
Sun Jan 12, 2014 12:27 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: SOUTH of BOSTON - CHAPTER 36--FIRST MEETING
Replies: 31
Views: 5402

Re: Insurance tracking your car

Why? Actuarial averages aside, how can you ignore 3 decades of ACTUAL history?
by Sandman62
Sun Oct 27, 2013 11:18 am
 
Forum: Personal Consumer Issues
Topic: Insurance tracking your car
Replies: 49
Views: 2320

Re: Insurance tracking your car

Which is the safer driver? a) Always obeys speed limits, but... usually on the phone (which, whether aware or not, does indeed occupy at least 10-20% of your focus), often texting, putting on makeup, fiddling with radio, seldom scans mirrors, doesn't leave a safe distance to cars ahead, doesn't adju...
by Sandman62
Sun Oct 27, 2013 9:29 am
 
Forum: Personal Consumer Issues
Topic: Insurance tracking your car
Replies: 49
Views: 2320

Re: Traditional vs. Roth 401k (with pensions & SS)?

Thanks for the feedback everyone.

HouseStark wrote:As far as future savings, I would allocate a significant portion to the 401k. I base this mainly on three factors of your situation.

Based on the rest of your response, did you mean Roth above?
by Sandman62
Tue Oct 08, 2013 3:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Traditional vs. Roth 401k (with pensions & SS)?
Replies: 9
Views: 858

Re: Traditional vs. Roth 401k (with pensions & SS)?

You will both be able to draw your full pensions as soon as you retire in 5 years? Yes for me, maybe for wife. Before Pension "Reform" in our state a couple years ago, my wife was eligible to retire after 28, 30 or 35 years (various % thresholds). So we had planned for her to retire at ag...
by Sandman62
Mon Oct 07, 2013 11:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Traditional vs. Roth 401k (with pensions & SS)?
Replies: 9
Views: 858

Re: Traditional vs. Roth 401k (with pensions & SS)?

These two general guidelines I've read seem to conflict and have me confused because they both apply to us: 1. If you expect to be in a lower tax bracket during retirement, use traditional. - We're in 28 now, but will be in 25 during retirement (with little/no ability to reduce, due to pensions). 2...
by Sandman62
Mon Oct 07, 2013 11:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Traditional vs. Roth 401k (with pensions & SS)?
Replies: 9
Views: 858

Traditional vs. Roth 401k (with pensions & SS)?

I've read the wiki and several threads here already. But I'm looking for a little specific guidance on our situation please. • Married, file jointly: o Me: age almost 51 o Wife: 50 • Aiming to retire in nearly 5 years • Salary: $186k o Me: $105k o Wife: $81k • Marginal tax bracket: 28% • Retirement ...
by Sandman62
Sun Oct 06, 2013 12:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Traditional vs. Roth 401k (with pensions & SS)?
Replies: 9
Views: 858

Re: How Close Are You To Your Number and Financial Independe

Greenie wrote: "There are a lot of uncertainties in life beyond money. These are the healthiest years right now. I am not getting younger. If you are calling your own retirement there has to be tipping point. I can see the finish line but the mojo is waning." You have given voice to how s...
by Sandman62
Mon Sep 30, 2013 11:15 am
 
Forum: Investing - Help with Personal Investments
Topic: How Close Are You To Your Number and Financial Independence?
Replies: 71
Views: 6248

Re: How much risk do I NEED to take?

SS says benefits will be cut 25% if absolutely nothing is done to fix SS and benefits are cut across the board to make it sustainable for the next 100 years thru the current payroll tax. So that is a worst case scenario. Nothing wrong with looking at a worst case, but I wouldn't make that my base c...
by Sandman62
Sun Sep 22, 2013 8:53 am
 
Forum: Investing - Help with Personal Investments
Topic: How much risk do I NEED to take?
Replies: 51
Views: 4622

Re: Auto Seat Covers

Image
by Sandman62
Mon Jun 24, 2013 4:03 pm
 
Forum: Personal Consumer Issues
Topic: Auto Seat Covers
Replies: 3
Views: 372

Re: College costs, anyone else spit coffee on their monitor?

Restored from cache: HardKnocker wrote: Whether you pay in cash, borrow the money, work while attending, or whatever, the actual cost for a private college education is ridiculous. It only makes sense for those smart enough to get academic scholarships or those talented in other ways (athletics, sp...
by Sandman62
Wed May 22, 2013 11:14 am
 
Forum: Personal Finance (Not Investing)
Topic: College costs, anyone else spit coffee on their monitor?
Replies: 151
Views: 10299

Re: re: First time to Boston

The Sam Adams brewery has a nice tour and very good tasting activity at the end if you are into beer. You can get there via the subway. If you do the Sam Adams tour, skip the gift shop and go get free glasses at Doyle's Pub when you buy a pint: http://doylescafeboston.com/Sam_Adams_Trolley.html :sh...
by Sandman62
Sat May 11, 2013 4:06 pm
 
Forum: Personal Consumer Issues
Topic: re: First time to Boston
Replies: 31
Views: 2113

Re: Moving AA from 80/20 to 85/15 (new title)

When the market is performing poorly there tend to be more "switching to more conservative AA" posts. In the midst of the current well -performing market, I'd like to become more conservative - but moreso due to retirement horizon and lowering need for risk. I'm 50 and currently at 75/25,...
by Sandman62
Thu Apr 25, 2013 7:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Moving AA from 80/20 to 85/15 (new title)
Replies: 44
Views: 3580

Re: How to Determine Your True Risk Tolerance...

The whole need vs ability vs willingness to take risk, or in this thread, need vs capacity vs tolerance, is still very tough to figure out if someone appears to have high levels of ability and willingness, but a low level of need. In our case, I'm 50 and DW 49. Up until about 10 years ago, we were 1...
by Sandman62
Sun Apr 21, 2013 10:29 am
 
Forum: Investing - Theory, News & General
Topic: How to Determine Your True Risk Tolerance...
Replies: 64
Views: 6769

Re: A day in the life of a financial advisor

Laughed to tears! Thanks. :D
by Sandman62
Sun Mar 24, 2013 7:38 pm
 
Forum: Personal Consumer Issues
Topic: A day in the life of a financial advisor
Replies: 20
Views: 3138

Tag feature for posts

[Split from old thread that was only tangentially related to this (it asked for a new subforum for retirement issues) - admin alex] I realize that this is an older thread, but when I first started reading it, I did think, "Yeah, that's a good idea". Then as I read further, I understood an...
by Sandman62
Sun Mar 17, 2013 1:00 am
 
Forum: Forum Issues and Administration
Topic: Tag feature for posts
Replies: 2
Views: 873

Re: Retirement [Portfolio help]

Oh, I thought you were both teachers.

Either way, double pensions is very 8-)
by Sandman62
Fri Mar 15, 2013 1:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement [Portfolio help]
Replies: 7
Views: 615

Re: Retirement [Portfolio help]

Are you sure about your pension being based on "final year's salary"? Most that I've heard of are based on average of last 3-5 years. Are you in a different PA pension system from this? http://www.psers.state.pa.us/nearingretirement/retirementestimate.htm Final Average Salary The most comm...
by Sandman62
Thu Mar 14, 2013 8:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement [Portfolio help]
Replies: 7
Views: 615

Re: Should I stay or go thoughts

My wife and I have been discussing a very similar situation lately, hoping to retire in our mid-50s in 5 years. We both have pensions that we'll get starting right at retirement and we're pretty sure we can live off just that (~$100k, non-COLA though). We may have to set aside part of our portfolio ...
by Sandman62
Fri Mar 08, 2013 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I stay or go thoughts [retire early]
Replies: 35
Views: 2620

Re: Asset Allocation Help

Ok... Larry suggests that "One can have a high ability and willingness to take risk but little need. In that case, the answer is simple: Because the marginal utility of wealth is likely low, the need to take risk should dominate the decision". I'm probably reading this wrong because I'd h...
by Sandman62
Sat Mar 02, 2013 12:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Help
Replies: 25
Views: 1314

Re: Asset Allocation Help

Ok... Larry suggests that "One can have a high ability and willingness to take risk but little need. In that case, the answer is simple: Because the marginal utility of wealth is likely low, the need to take risk should dominate the decision". I'm probably reading this wrong because I'd h...
by Sandman62
Sat Mar 02, 2013 9:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Help
Replies: 25
Views: 1314

Re: Asset Allocation Help

Ok... Larry suggests that "One can have a high ability and willingness to take risk but little need. In that case, the answer is simple: Because the marginal utility of wealth is likely low, the need to take risk should dominate the decision". I'm probably reading this wrong because I'd ha...
by Sandman62
Fri Mar 01, 2013 3:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Help
Replies: 25
Views: 1314

Re: Asset Allocation Help

Yes - although I still like "age in bonds" unless you really need to take the additional risk. What if you also have the ability to assume additional risk" (i.e. his and her pensions and SS, survivor benefits, no debt, etc)? If you don't have the need but do have the ability, then wh...
by Sandman62
Fri Mar 01, 2013 3:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Help
Replies: 25
Views: 1314

Re: What is a Boglehead's net worth?

So if a person has -$400k in home equity and has $100k saved, then by this poll's definition, their net worth would be just $100k? Another person has +$400k in home equity and the same $100k saved, and their net worth would also be just $100k? Though I understand the reasoning to not include home eq...
by Sandman62
Wed Feb 27, 2013 8:39 am
 
Forum: Personal Finance (Not Investing)
Topic: What is a Boglehead's net worth?
Replies: 80
Views: 11574

Re: Pay off mortgage if salary decreases despite CPI

Steve, I wouldn't discount the emotional benefits. There are MANY people at this forum who have paid off their mortgage and are very happy about it. +1. Paid ours off last year, just before I turned 50. Rate was 5.75%. We were still funding retirement accounts, paying kids college costs, etc.. Sure...
by Sandman62
Wed Feb 27, 2013 8:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage if salary decreases despite CPI
Replies: 8
Views: 743

Re: Should 85 year old married male buy an SPIA?

Thank you both for the further explanations. I do get the insurance aspect. Maybe I've just been looking at this too one-sided? I mean, most insurance premiums don't set one back $100k upfront. :wink: But then, nor do they immediately start paying me "claims"; they wait til I suffer a loss...
by Sandman62
Tue Feb 26, 2013 3:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should 85 year old married male buy an SPIA?
Replies: 29
Views: 1742

Re: Should 85 year old married male buy an SPIA?

Bertilak: We do not, and never intended, to buy SPIA's on a yearly basis. We bought our first SPIA (Aviva) in August 2006; we bought our second (Genworth) in May, 2007, after being pleased with our first purchase and to maximize our state guarantees. We, of course, investigated Vanguard's SPIAs at ...
by Sandman62
Tue Feb 26, 2013 8:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Should 85 year old married male buy an SPIA?
Replies: 29
Views: 1742

Re: Should 85 year old married male buy an SPIA?

Thanks Watty. So would I. :wink: My father-in-law has been handling his investments his whole life with local bankers. He doesn't even own a computer. And I'm not really trying to stick my nose in too much; just trying to understand how whatever he may want to do might affect my wife. I really only ...
by Sandman62
Sun Feb 24, 2013 7:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should 85 year old married male buy an SPIA?
Replies: 29
Views: 1742

Re: Should 85 year old married male buy an SPIA?

Maybe he doesn't have to withdraw the whole thing. I'm really not familiar with annuities (obviously). Once it matures, can he just leave it with them? Will it earn anything? What provisions are there for how frequently he can withdraw from it, and what portion is taxed when doing so? These were som...
by Sandman62
Sun Feb 24, 2013 6:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should 85 year old married male buy an SPIA?
Replies: 29
Views: 1742

Re: Should 85 year old married male buy an SPIA?

A couple of thoughts. My understanding is a SPIA is used to ensure that one does not run out of money. IF SS+pension is enough to serve this function, then I don't see the utility in it. Agreed. But are there tax advantages? If his cost basis is around $200k of the $300k balance, then $100k will be...
by Sandman62
Sun Feb 24, 2013 5:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should 85 year old married male buy an SPIA?
Replies: 29
Views: 1742

Re: Should 85 year old married male buy an SPIA?

With existing investments annuities at New York Life and Jackson, I think we know where the banker's interests lie/ly/lay. I think I get your drift, but could you please elaborate? Typical high commission, low return insurance? If he hasn't been receiving a monthly payment from these, and instead t...
by Sandman62
Sun Feb 24, 2013 4:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should 85 year old married male buy an SPIA?
Replies: 29
Views: 1742

Re: Should 85 year old married male buy an SPIA?

Thanks for the further clarification Taylor. Pardon my continued confusion with this statement: We have generally adjusted our living expenses to our income (our social security; my federal pension, portfolio distributions, RMDs, and occasional sale of portfolio shares). Do you mean that you've alte...
by Sandman62
Sun Feb 24, 2013 1:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should 85 year old married male buy an SPIA?
Replies: 29
Views: 1742

Re: Should 85 year old married male buy an SPIA?

Thanks for sharing your story Taylor. I had seen several threads and even some articles on other sites that mentioned you and Pat's SPIA strategy. If you don't mind me asking, did you have a gap between your living expenses and your other income at the time (i.e. pensions/SS) and that was the reason...
by Sandman62
Sun Feb 24, 2013 9:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Should 85 year old married male buy an SPIA?
Replies: 29
Views: 1742

Re: Should 85 year old married male buy an SPIA?

A couple of thoughts. My understanding is a SPIA is used to ensure that one does not run out of money. IF SS+pension is enough to serve this function, then I don't see the utility in it. Agreed. But are there tax advantages? If his cost basis is around $200k of the $300k balance, then $100k will be...
by Sandman62
Sun Feb 24, 2013 8:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Should 85 year old married male buy an SPIA?
Replies: 29
Views: 1742

Should 85 year old married male buy an SPIA?

Yesterday, my wife and I and her two brothers joined her father at a local bank (who setup his current retirement investments) to discuss some of his financial goals for him, his 83 YO wife and eventually his children heirs. At this meeting, the banker suggested an SPIA (i.e. "$1,000/month"...
by Sandman62
Sat Feb 23, 2013 10:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should 85 year old married male buy an SPIA?
Replies: 29
Views: 1742
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