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Re: Otar - Tactical Asset Allocation

Tactical AA is fine, if you want to shift your stock percentage between 40% and 60% of your portfolio, depending on conditions.
But no, I don't think it's widely practiced here and there are certainly no guarantees of outperformance going forward...
by The Wizard
Fri Apr 18, 2014 12:52 pm
 
Forum: Investing - Theory, News & General
Topic: Otar - Tactical Asset Allocation
Replies: 6
Views: 359

Re: Asset allocation over time

How many of you include SS and pension as a fixed income equivalent in AA and what discount rate do you apply to these payment to estimate value? Packer I'll venture a guess that almost none of us do that, especially after pondering it a while. Other thread go on about this topic in excessive detai...
by The Wizard
Fri Apr 18, 2014 8:54 am
 
Forum: Investing - Theory, News & General
Topic: Asset allocation over time
Replies: 23
Views: 987

Re: Asset allocation over time

I think that once over 40 or so, you could just go 50/50 for life. It is easy to do and probably just fine. Yes, the OP should give some thought to what his end-point stock allocation should be. Almost none of us really plan to continue tapering stocks at 1% per year indefinitely. 50% stocks is a p...
by The Wizard
Fri Apr 18, 2014 8:39 am
 
Forum: Investing - Theory, News & General
Topic: Asset allocation over time
Replies: 23
Views: 987

Re: Where are the Opportunities now ?

I thought that even Bogleheads were allowed to treat 5% of their portfolio as Play Money and invest it on whims, in individual stocks or sector funds.
So why are we getting all judgmental here?
by The Wizard
Thu Apr 17, 2014 1:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where are the Opportunities now ?
Replies: 28
Views: 1629

Re: Live Now, Live Later?

You definitely have options to ponder. I'd start by understanding your BASIC expenses first and how they compare to that $150K taxable pension income. The goal here is to determine how much EXTRA income you might have per month after paying all routine expenses. You have a good decade to bridge befo...
by The Wizard
Thu Apr 17, 2014 1:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Live Now, Live Later?
Replies: 25
Views: 1659

Re: Help looking for ways to get to 50-50

I don't understand the OP comment on avoiding CDs to keep things simple. Anyhow, put $100K of that cash into taxable TSM index fund; keep the remaining $50K cash as an emergency fund in laddered CDs perhaps. In the tax-sheltered side, she has $150K in Target Retirement 2015? Move roughly half of tha...
by The Wizard
Thu Apr 17, 2014 10:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Help looking for ways to get to 50-50
Replies: 9
Views: 415

Re: 2014 BOGLEHEADS CONFERENCE SOLD OUT

Perhaps each year they go to a bigger venue?
Capable of holding 3000 instead of 2000?
One way of dealing with it ...
by The Wizard
Wed Apr 16, 2014 8:15 pm
 
Forum: Investing - Theory, News & General
Topic: 2014 BOGLEHEADS CONFERENCE SOLD OUT
Replies: 10
Views: 1080

Re: Does this strategy invite unnecessary risk?

This is just "tilting" and it's not idiotic so long as you know why you are doing it and use low-cost funds to do it (not individual stocks)... The idiotic part is the reference to "slight." OK, I agree with that. Putting 2% or 3% of your total lump into a tilt position really i...
by The Wizard
Wed Apr 16, 2014 5:17 pm
 
Forum: Investing - Theory, News & General
Topic: Does this strategy invite unnecessary risk?
Replies: 26
Views: 1378

Re: Does this strategy invite unnecessary risk?

This is just "tilting" and it's not idiotic so long as you know why you are doing it and use low-cost funds to do it (not individual stocks)...
by The Wizard
Wed Apr 16, 2014 4:43 pm
 
Forum: Investing - Theory, News & General
Topic: Does this strategy invite unnecessary risk?
Replies: 26
Views: 1378

Re: Let's compare 2013 effective tax rates

I thought "effective tax rate" was income tax, in the sense of federal, state, and local income tax, and nothing else, not even other income-based taxes like Social Security and Medicare, or Friendly Neighborhood Enforcement Protection Money, or Whatever. The outcome would be cleaner if i...
by The Wizard
Wed Apr 16, 2014 4:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Let's compare 2013 effective tax rates
Replies: 46
Views: 2100

Re: TIAA TPA rollover to Roth?

Sure you can, but it will be a multi-step process. First of all, set up the TPA to keep all the funds within the shelter of your GRA 403(b). That is, have the transfers go from TIAA Traditional to CREF Money Market, for instance, NOT to your checking account as taxable income. Then each year, conver...
by The Wizard
Wed Apr 16, 2014 4:24 pm
 
Forum: Investing - Theory, News & General
Topic: TIAA TPA rollover to Roth?
Replies: 10
Views: 231

Re: etf help needed

The two Vanguard dividend funds have quarterly or semi-annual distributions, so they don't meet your needs...
by The Wizard
Wed Apr 16, 2014 2:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: etf help needed
Replies: 1
Views: 166

Re: SS Strategy Metric

rkhusky wrote:Also, does/did anyone factor in that by delaying SS one could convert more tax-deferred savings to a Roth at lower rates?

Poor people (80%+ of the population age 62 to 70) don't have much tax-deferred $$ to worry about...
by The Wizard
Wed Apr 16, 2014 1:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Strategy Metric
Replies: 29
Views: 1591

Re: Let's compare 2013 effective tax rates

Just use your AGI at the bottom of Form 1040 page 1 as your denominator.
And then total tax after credits from line 55 as your numerator.
Don't try to make life difficult...
by The Wizard
Wed Apr 16, 2014 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Let's compare 2013 effective tax rates
Replies: 46
Views: 2100

Re: Baby Boomers: Top 10 Movies

Nine of the ten listed were good solid films; Dazed and Confused I'm not so sure about.
I'd put Midnight Cowboy in there instead...
by The Wizard
Wed Apr 16, 2014 11:15 am
 
Forum: Personal Consumer Issues
Topic: Baby Boomers: Top 10 Movies
Replies: 30
Views: 1773

Re: Aio Wireless

contender wrote:@The Wizard,
is consumer cellular more expensive than Aio?

w/r
contender

It depends on how much voice & data you use in a month. They are roughly comparable; check details online...
by The Wizard
Wed Apr 16, 2014 11:00 am
 
Forum: Personal Consumer Issues
Topic: Aio Wireless
Replies: 23
Views: 1152

Re: What is your net worth

The serious thread on 2014 Net Worth is the other one, with the big spreadsheet, by bobblehead and bigfoot.
This thread is just for joking around...
by The Wizard
Wed Apr 16, 2014 10:45 am
 
Forum: Investing - Theory, News & General
Topic: What is your net worth
Replies: 37
Views: 5281

Re: Aio Wireless

I've had Aio wireless on my Nexus 5 since January, $40 a month for unlimited everything but 2.5 GB of high speed data per month which is usually enough for me. It works fine around occupied parts of New England plus California & Hawaii. I was even able to tether my tablet off my phone without is...
by The Wizard
Wed Apr 16, 2014 6:22 am
 
Forum: Personal Consumer Issues
Topic: Aio Wireless
Replies: 23
Views: 1152

Re: TIAA-CREF is buying Nuveen?

So far the ratings score is 2 -1: Fitch and A. M. Best have reaffirmed TIAAs current AAA rating, while Moody's is considering a downgrade. Lev Moody's is the gold standard in credit ratings. Fitch is eh-eh, A.M. Best is eh-eh. I'd take a Moody's write-up over S&P any day of the week, and give l...
by The Wizard
Tue Apr 15, 2014 6:23 pm
 
Forum: Investing - Theory, News & General
Topic: TIAA-CREF is buying Nuveen?
Replies: 44
Views: 2426

Re: Should I be using standard or itemized deduction?

What's annoying about Standard vs Itemized is that if you are 65 or older (or blind), they just increase your Standard deduction by some amount. They do NOTHING to benefit older folks who are still itemizing deductions due to large property tax and/or state income tax payments. Or have I missed some...
by The Wizard
Tue Apr 15, 2014 12:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I be using standard or itemized deduction?
Replies: 10
Views: 667

Re: Lost $10K in my investments past few months

Yeah, someone with $5M in a diversified investment mix is going to see dollar fluctuations ten times the size of someone with a $500K portfolio, similarly diversified. But note: many of us do NOT have a significant percentage of assets in sector funds; so expect to see more volatility in those if yo...
by The Wizard
Tue Apr 15, 2014 7:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Lost $10K in my investments past few months
Replies: 36
Views: 4299

Re: The slackening...

Education matters for the younger generation. And I don't just mean basic college, but graduate school to the extent of obtaining a PhD or Professional degree. While one cannot "fake" the smarts needed to obtain these higher degrees, there can be a 4-8 year time period beyond one's bachelo...
by The Wizard
Mon Apr 14, 2014 2:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: The slackening...
Replies: 57
Views: 5544

Re: What does "invest in the market mean"

Ignore that article.
Mutual funds are a FINE way to invest in the market, especially for investors with less than a million or so in stocks.
Just go with low-cost total market funds from Vanguard and you'll be in good shape...
by The Wizard
Mon Apr 14, 2014 9:15 am
 
Forum: Investing - Help with Personal Investments
Topic: What does "invest in the market mean"
Replies: 11
Views: 868

Re: Trip to Jamaica

I go to that part of Jamaica every year or two and we drive by that Riu enroute to Hedo. I doubt I'd ever stay at a Riu, but it's probably an OK place if Trip Advisor reviews are good. And the beach in that area (Bloody Bay) is quite good. I'm looking at Couples Negril next door for next time, actua...
by The Wizard
Mon Apr 14, 2014 8:16 am
 
Forum: Personal Consumer Issues
Topic: Trip to Jamaica
Replies: 9
Views: 1000

Re: How to invest $1k a month

...Forget some of my more exuberant language and let's move on to some more modest expectations given my budget--thanks. OK, good to get that out of the way. Usual recommendation is to max out your tax-sheltered options first. So perhaps you could tell us where you stand with this. What does your e...
by The Wizard
Sun Apr 13, 2014 7:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to invest $1k a month
Replies: 16
Views: 2043

Re: the President's savings rate

*helping turn the key on the locking mechanism...*
by The Wizard
Sun Apr 13, 2014 7:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: the President's savings rate
Replies: 19
Views: 2604

Re: How to invest $1k a month

Chip,
We're not about maximizing your investment excitement here.
Super-conservative, no. You're welcome to go 75% stock and 25% bonds/CDs. But we like low-cost diversified mutual funds, not risky schemes that promise the moon...
by The Wizard
Sun Apr 13, 2014 6:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to invest $1k a month
Replies: 16
Views: 2043

Re: the President's savings rate

Why would he save anything at all? Probably because he truly has nothing to spend it on at the moment. Actually the President is billed monthly for personal expenses -- food, clothing, toiletries -- but not salaries for butlers, maids and chefs, which are considered White House employees. The Secre...
by The Wizard
Sun Apr 13, 2014 6:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: the President's savings rate
Replies: 19
Views: 2604

Re: the President's savings rate

JonnyDVM wrote:...Kids guaranteed free entry to any college of their choice...

Guess I missed the memo; where does THIS entitlement come from?
by The Wizard
Sun Apr 13, 2014 2:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: the President's savings rate
Replies: 19
Views: 2604

Re: less you need social security, earlier you should claim

...This discussion can occur without any reference whatsoever to future tax rates or policy. The primary question is whether one should consider the likelihood of receiving earned benefits in their entirety in the decision about when to claim. The primary answer then is NO; ignore any likelihood < ...
by The Wizard
Sun Apr 13, 2014 1:46 pm
 
Forum: Investing - Theory, News & General
Topic: less you need social security, earlier you should claim
Replies: 39
Views: 2761

Re: the President's savings rate

Ex presidents and other significant federal officials get nice pensions and healthcare, if I'm not mistaken.
They're different from you & me...
by The Wizard
Sun Apr 13, 2014 1:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: the President's savings rate
Replies: 19
Views: 2604

Re: less you need social security, earlier you should claim

The Social Security taxation thresholds are fixed, not indexed to inflation. So over the next few decades, more & more recipients will be taxed on 85% of their SS income, same as I will be when I start taking it. This is a "creeping" effect, not a "cliff" effect that one coul...
by The Wizard
Sun Apr 13, 2014 1:30 pm
 
Forum: Investing - Theory, News & General
Topic: less you need social security, earlier you should claim
Replies: 39
Views: 2761

Re: The slackening...

I have two offspring, average age around 30 now. One is a financial black sheep and I continue to get collection notices for her (including from the IRS!) at my house even though she's been living 1000 miles away for over five years now. The other graduated from college in a timely manner, has had a...
by The Wizard
Sun Apr 13, 2014 12:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: The slackening...
Replies: 57
Views: 5544

Re: less you need social security, earlier you should claim

This isn't about fairness. This is a question for those facing the question of whether to file early when they can afford to wait: do they/should they consider the possibility of not receiving their full benefit in determining when to claim? Best way to approach this question is to use retrospect a...
by The Wizard
Sun Apr 13, 2014 11:28 am
 
Forum: Investing - Theory, News & General
Topic: less you need social security, earlier you should claim
Replies: 39
Views: 2761

Re: less you need social security, earlier you should claim

So, when SS benefits first began to be federally taxable, are we saying that it applied only to those who had not already claimed SS? I tend to doubt that was the case...
by The Wizard
Sun Apr 13, 2014 11:13 am
 
Forum: Investing - Theory, News & General
Topic: less you need social security, earlier you should claim
Replies: 39
Views: 2761

Re: How much is rich?

Rich to me is freedom from having to work. Not having to work means you are able to generate enough income off of your investments to live comfortably. This number is different for people at different stages of their lives. So, I'd say rich start at about $2 million. At a 2% withdraw rate for a ver...
by The Wizard
Sun Apr 13, 2014 11:07 am
 
Forum: Personal Finance (Not Investing)
Topic: How much is rich?
Replies: 47
Views: 2398

Re: How much is rich?

I have enough to be comfortable, but I'm not rich.
To be rich, I'd need at least double my asset base...
by The Wizard
Sun Apr 13, 2014 10:20 am
 
Forum: Personal Finance (Not Investing)
Topic: How much is rich?
Replies: 47
Views: 2398

Re: I have a cell phone and am in search of a carrier

Step one in buying a new phone is to decide whether you want one with GSM or CDMA radio technology. CDMA is supported by Verizon Wireless and Sprint networks in the US. GSM is supported by AT&T and T-Mobile networks. Other secondary companies contract with these big four generally. I picked GSM ...
by The Wizard
Sun Apr 13, 2014 10:12 am
 
Forum: Personal Consumer Issues
Topic: I have a cell phone and am in search of a carrier
Replies: 24
Views: 1223

Re: Passport, TSA Pre-Check, and Global Entry

livesoft wrote:...I particularly like it when a beagle sits down calmly next to my suitcase.

You're joking here, right?
Those DEA beagles have professionally trained sensors...
by The Wizard
Sun Apr 13, 2014 4:53 am
 
Forum: Personal Consumer Issues
Topic: Passport, TSA Pre-Check, and Global Entry
Replies: 58
Views: 2489

Re: TIAA CREF

livesoft wrote:That's a great mix of funds. It's got everything you need except small-cap foreign which is missing from most 401(k) and 403(b) plans anyways.

It's an OK mix of STOCK funds.
But where are the BOND funds, even the two VA bond funds?
by The Wizard
Sat Apr 12, 2014 3:24 am
 
Forum: Investing - Help with Personal Investments
Topic: TIAA CREF
Replies: 50
Views: 3259

Re: TIAA CREF

Sorry about the wait. I have a GRA account (401(a)) These are the funds. 1. TIAA Traditional 2. TIAA Access International Equity Index Fund T1 3. TIAA Access Small-Cap Blend Index Fund T1 4. TIAA Access Large-Cap Growth Index Fund T1 5. TIAA Access Large-Cap Value Index Fund T1 6. TIAA Real Estate ...
by The Wizard
Fri Apr 11, 2014 10:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIAA CREF
Replies: 50
Views: 3259

Re: why would i keep $3,000 in a vanguard roth brokerage mma

I'm guessing another alternative for some VG investors is to have the dividends and CGDs from your taxable account investments sent to your checking account back home. Seems it would be slower to settle but whenever I make a buy at VG it happens that day w/o waiting to see if I really have funds ava...
by The Wizard
Fri Apr 11, 2014 7:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: why would i keep $3,000 in a vanguard roth brokerage mma
Replies: 13
Views: 1336

Re: Passport validity: Do I need at least 6 months?

State Dept website recommends renewing passports as much as 9 months ahead of expiration date. Mine expires the end of February and though I have no foreign travel booked at present, I'm sure I won't be able to survive the late fall without a Caribbean trip of some sort. So I'll renew mine once I ge...
by The Wizard
Fri Apr 11, 2014 11:26 am
 
Forum: Personal Consumer Issues
Topic: Passport validity: Do I need at least 6 months?
Replies: 40
Views: 1526

Re: Some websites are.......

Market corrections are completely normal.
No reason to be concerned.
Just monitor your AA and rebalance as needed...
by The Wizard
Fri Apr 11, 2014 8:56 am
 
Forum: Investing - Theory, News & General
Topic: Some websites are.......[predicting stock market correction]
Replies: 14
Views: 1228

Re: Passport, TSA Pre-Check, and Global Entry

Similar to the others, I've had TSA pre-check on several (but not all) recent flights and it's great. Hopefully they expand it; I'm not sure what the plan is. One thing I HAVE thought about is getting Global Entry certified to facilitate driving through Canada from time to time. It was well over an ...
by The Wizard
Fri Apr 11, 2014 8:14 am
 
Forum: Personal Consumer Issues
Topic: Passport, TSA Pre-Check, and Global Entry
Replies: 58
Views: 2489

Re: Improvement needed

Basically, you need to extricate your financial assets from EJ. That's the bottom line. Probably better to just tell him right up front that you're doing this, to avoid him fawning over you ("Is something wrong??") when the first transfers happen. It's bad to involve your financial health ...
by The Wizard
Thu Apr 10, 2014 6:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Improvement needed
Replies: 42
Views: 1676

Re: Do you think the biotech sector will be hurt long term?

I've already set up a modest transfer from my bond fund into my Extended Market fund for 4 PM to celebrate this situation! IWM is now in RBD territory, but Extended Market is not at the moment, but there are a few minutes to go. OK, but VXF/VEXAX is one of my current holdings; I'm not up to opening...
by The Wizard
Thu Apr 10, 2014 4:10 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 32
Views: 1644

Re: Do you think the biotech sector will be hurt long term?

I've already set up a modest transfer from my bond fund into my Extended Market fund for 4 PM to celebrate this situation!
by The Wizard
Thu Apr 10, 2014 2:55 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 32
Views: 1644

Re: TIAA CREF

The OP can feel free to tell us which institution he's employed at, if he wants. It's unlikely any problem will derive from sharing that info...
by The Wizard
Thu Apr 10, 2014 8:25 am
 
Forum: Investing - Help with Personal Investments
Topic: TIAA CREF
Replies: 50
Views: 3259
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