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Re: Retired Newbie Looking for Portfolio Help

OOps, my bad Pete. The three fund portfolio is here http://www.bogleheads.org/forum/viewforum.php?f=10 , there are over 417+ posts to that thread, it will take you a while to go thru it, but you will understand what the three fund portfolio is. MM is their Money Market fund, As far as the other abb...
by Woodhead
Sun Mar 24, 2013 10:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retired Newbie Looking for Portfolio Help
Replies: 29
Views: 1946

Re: Retired Newbie Looking for Portfolio Help

I am in my ~10th year of retirement, 73 no w2's. I am in the Vanguard 3 fund portfolio with cash in the vanguard MM for emergency :happy I keep track of the balance % info about every month on a spreadsheet. The percentages have not changed that much since inception. I have not decided on how much ...
by Woodhead
Sun Mar 24, 2013 2:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retired Newbie Looking for Portfolio Help
Replies: 29
Views: 1946

Re: Retired Newbie Looking for Portfolio Help

I had a similar experience and before leaving my broker, I converted everything to cash. He still charged me management fees for 2 months. (was in the "contract") and then $50 per account to close. That was 2 years ago now and last week, one of the client service representatives emails me...
by Woodhead
Sun Mar 24, 2013 10:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Retired Newbie Looking for Portfolio Help
Replies: 29
Views: 1946

Re: Retired Newbie Looking for Portfolio Help

Pete, Sorry I didn't get back to you earlier. I was busy today -- I'm 56 and still working hard! I see you are getting some excellent advice. During the past several months I really cleaned up my portfolio based on the advice I received here. I consolidated accounts as much as I could and have the ...
by Woodhead
Sat Mar 23, 2013 3:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retired Newbie Looking for Portfolio Help
Replies: 29
Views: 1946

Re: Retired Newbie Looking for Portfolio Help

Thanks landy and Brian, I'll follow up when I have something worthwhile to report.

Pete
by Woodhead
Wed Mar 20, 2013 9:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retired Newbie Looking for Portfolio Help
Replies: 29
Views: 1946

Re: Retired Newbie Looking for Portfolio Help

Pete, I don't suggest anything other than Total Market investing unless the person explicitly wants something different. From what you write, 1. There is no reason for Total Maket or S&P 500 Fund plus some large caps. This eliminates that issue. With regards to Small Caps, many people like to b...
by Woodhead
Wed Mar 20, 2013 6:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retired Newbie Looking for Portfolio Help
Replies: 29
Views: 1946

Re: Retired Newbie Looking for Portfolio Help

Besides the management fees, you will receive 100 free transactions to sell and buy stocks, ETFs, or mutual funds. Presumably your plan is to clean up a lot of what's in there currently and head for an index approach. To avoid transaction fees and commissions, the PMA deal is a good one, but it is ...
by Woodhead
Wed Mar 20, 2013 6:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retired Newbie Looking for Portfolio Help
Replies: 29
Views: 1946

Re: Retired Newbie Looking for Portfolio Help

Before anything else, I'd get those accounts converted to WellsTrade self-directed brokerage accounts. Then open a PMA and link it to all of them. Do it before 4/1 to guarantee 100 free transactions in each account. Even if the ultimate plan is to move to Vanguard (I wouldn't, but you might want th...
by Woodhead
Wed Mar 20, 2013 4:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retired Newbie Looking for Portfolio Help
Replies: 29
Views: 1946

Re: Retired Newbie Looking for Portfolio Help

Pete, Your broker knows exactly what (s)he is doing... the more junk, the more it seems that you need the services to invest/manage a portfolio. Of course, this can't be further from the truth. 1. I don't need to see how these Wells Fargo accounts (60 holdings each) are invested. Sell everything in...
by Woodhead
Wed Mar 20, 2013 4:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retired Newbie Looking for Portfolio Help
Replies: 29
Views: 1946

Re: Retired Newbie Looking for Portfolio Help

Pete, a belated welcome (8 posts) to the Forum! I have mostly questions: ⋅ High 6-figure portfolio is fine, so long as you don't consume 10% of it annually (just some number to throw out there), since you are a "retired newbie" as per the subject in this post. How much do you an...
by Woodhead
Wed Mar 20, 2013 12:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retired Newbie Looking for Portfolio Help
Replies: 29
Views: 1946

Re: Retired Newbie Looking for Portfolio Help

Woodhead, what % of total assets, (including emergency fund) are you withdrawing for annual expenses? If you are retired, you cannot contribute to a Roth, was this a conversion? Paul Sorry for the confusion Paul. In the post on a previous thread which I linked to in the beginning of my opening post...
by Woodhead
Wed Mar 20, 2013 11:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Retired Newbie Looking for Portfolio Help
Replies: 29
Views: 1946

Re: Retired Newbie Looking for Portfolio Help

I see you were up late last night working on this... The SEP IRAs should be pretty straightforward to rollover to Vanguard without tax issues. The Roth IRAs could be invested in Vanguard Total Stock Market Index. Other may offer different advice. See this Wiki article on tax efficient fund placemen...
by Woodhead
Wed Mar 20, 2013 9:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Retired Newbie Looking for Portfolio Help
Replies: 29
Views: 1946

Re: Newbie looking for some good reading material

I have moved this discussion to "Investing - Help With Personal Investments" section. http://www.bogleheads.org/forum/viewtopic.php?f=1&t=113150

Thanks,
Pete
by Woodhead
Wed Mar 20, 2013 2:12 am
 
Forum: Investing - Theory, News & General
Topic: Newbie looking for some good reading material
Replies: 14
Views: 1118

Retired Newbie Looking for Portfolio Help

Thanks in advance to anyone who takes the time to look over this. I've tried my best to organize it as requested. It would be best to review the post at the following link as it pretty well chronicles where I'm at at this point. My hope is that I'll get the advice and encouragement I need to complet...
by Woodhead
Wed Mar 20, 2013 2:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Retired Newbie Looking for Portfolio Help
Replies: 29
Views: 1946

Re: Newbie looking for some good reading material

Welcome Pete, If you haven't already found the Getting Started page, here's a link http://www.bogleheads.org/wiki/Getting_Started Philosophy videos http://www.bogleheads.org/wiki/Video:Bogleheads%C2%AE_investment_philosophy And here's a link to a list of books with Taylor's Gems. You can read throu...
by Woodhead
Mon Mar 18, 2013 8:42 am
 
Forum: Investing - Theory, News & General
Topic: Newbie looking for some good reading material
Replies: 14
Views: 1118

Re: Newbie looking for some good reading material

Woodhead, welcome. This stuff can seem complicated at the beginning, but after a while it starts to make sense. The good about investing is that while there is a lot of complexity in the underlying theories, the practical application of it is not that complicated. It's kind of like healthy eating. ...
by Woodhead
Sun Mar 17, 2013 1:23 pm
 
Forum: Investing - Theory, News & General
Topic: Newbie looking for some good reading material
Replies: 14
Views: 1118

Re: Newbie looking for some good reading material

p.s. just figured out the subscribed to topic thing. :oops: That should help me out in the future.

Pete
by Woodhead
Sun Mar 17, 2013 8:20 am
 
Forum: Investing - Theory, News & General
Topic: Newbie looking for some good reading material
Replies: 14
Views: 1118

Re: Newbie looking for some good reading material

I want to thank everyone for their suggesions. I'm sorry I did not acknowledge them sooner. I was expecting to get email notification of posts to my thread, but for some reason that did nothappen. In the mean time I discoveredon my own the wealth of information here on te Bogglehead.org website. I w...
by Woodhead
Sun Mar 17, 2013 8:11 am
 
Forum: Investing - Theory, News & General
Topic: Newbie looking for some good reading material
Replies: 14
Views: 1118

Newbie looking for some good reading material

Hi, I'm new to the forum. I joined in Mid January, but this is my first post. I learned of Bogleheads from the early retirement forum. I currently have managed accounts with Well Fargo Advisers; however, I'm looking to eventually manage our portfolio's (mine and my wife's) using index funds and prob...
by Woodhead
Fri Mar 08, 2013 6:06 pm
 
Forum: Investing - Theory, News & General
Topic: Newbie looking for some good reading material
Replies: 14
Views: 1118

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