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Quicken 2014 opinions wanted

As a long-time Quicken user I was considering an upgrade to Quicken 2014 from 2013. I was interested in the mobile app feature. Unfortunately, the Amazon star ratings look like this ... http://i57.tinypic.com/25jb0x4.png It is not just the older ratings from when the 2014 version first came out. The...
by bertilak
Fri Apr 18, 2014 7:20 am
 
Forum: Personal Consumer Issues
Topic: Quicken 2014 opinions wanted
Replies: 0
Views: 53

Re: Let's say we live for 150 years...

bertilak wrote: I am thinking in terms of an indefinite lifetime -- the lifetime of the portfolio, which I would like to be beyond my lifetime. I do not know how to deal with this. Some sort of Trust? Does it get diluted as there are more and more descendants? How to keep its integrity, keep it gro...
by bertilak
Thu Apr 17, 2014 4:56 pm
 
Forum: Investing - Theory, News & General
Topic: Let's say we live for 150 years...
Replies: 8
Views: 1123

Re: Let's say we live for 150 years...

How would you invest if you were starting out in your career at age 25 and know you would live until age 150? It probable helps to look at the very long-term return of assets classes and what makes them tick. That's what I took a stab at in this article: A Million-Mile View Of Investment Value Rick...
by bertilak
Thu Apr 17, 2014 4:09 pm
 
Forum: Investing - Theory, News & General
Topic: Let's say we live for 150 years...
Replies: 8
Views: 1123

Re: "At Vanguard my voice is my password"

I don't call Vanguard, except when I make a mistake, and how often is that going to happen? :) There was a story on NPR today, and the person (inventor?) was talking about how it was great for multiple accounts. When the person answers the phone, you start talking and all your accounts pop up on th...
by bertilak
Wed Apr 16, 2014 9:50 pm
 
Forum: Personal Consumer Issues
Topic: "At Vanguard my voice is my password"
Replies: 19
Views: 1735

Re: "At Vanguard my voice is my password"

JamesSFO wrote:I have used it, it can avoid the need for medallion signature guarantees.

Well THAT'S worth a lot more than the trouble of activating it!
by bertilak
Wed Apr 16, 2014 9:10 pm
 
Forum: Personal Consumer Issues
Topic: "At Vanguard my voice is my password"
Replies: 19
Views: 1735

"At Vanguard my voice is my password"

Is this something new? Vanguard's over-the-phone ID verification can now be set up as voice recognition instead of a bunch of security questions. You go through a short setup where you repeat the subject phrase a few times and Vanguard's voice recognition system learns your voice. This simplifies th...
by bertilak
Wed Apr 16, 2014 8:58 pm
 
Forum: Personal Consumer Issues
Topic: "At Vanguard my voice is my password"
Replies: 19
Views: 1735

Re: When to terminate an irrevocable trust?

Note that a trust account is NOT the trust. It is just where the trust chooses to put its funds. Unless there is some strange provision in the trust you don't need to terminate it to move the money to a different account. Just open up a trust account at Vanguard and transfer the money from ML to VG....
by bertilak
Wed Apr 16, 2014 7:11 am
 
Forum: Personal Finance (Not Investing)
Topic: When to terminate an irrevocable trust?
Replies: 11
Views: 764

Re: Portfolio generating 7% return?

Thanks. I appreciate the input. I know there's no such thing as a free lunch, but what I'm trying to learn is how to cut through the dross of all the different ideas. There are so many competing theories, sales techniques, etc. that's why I ended up here. The trouble is, those are generally "f...
by bertilak
Wed Apr 16, 2014 6:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio generating 7% return?
Replies: 10
Views: 1588

Re: The slackening...

There is a Chinese saying which goes something like: "Wealth doesn't get past 3 generations." Very interesting. I'm trying to decide what portion of our estate goes to our kids and what goes to charitable causes. Perhaps there is some way to motivate our children to become successful on t...
by bertilak
Mon Apr 14, 2014 6:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: The slackening...
Replies: 57
Views: 5506

Re: KeePass vs LastPass

I too decided to experiment with LastPass and for me it is not worth the complexity. Much of that complexity seems to be in support of the feature that monitors what site/page you are on to recognize that there is an ID/PW pair for it to look up in its database. LastPass gets this right most of the ...
by bertilak
Mon Apr 14, 2014 8:32 am
 
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 97
Views: 5025

Re: Stock markets in free fall?

nisiprius wrote:Hmmm... I wonder why you were seeing that and I'm not? OK, another try.

Image

Works for me.
by bertilak
Sat Apr 12, 2014 2:19 pm
 
Forum: Investing - Theory, News & General
Topic: Stock markets in free fall?
Replies: 92
Views: 6490

Re: Stock markets in free fall?

Still 100% equities. No second thoughts. Hadn't even known that the market was having "issues". Although... just calced my return and I'm around 1.2% YTD. So not sure what everyone's on about. Half of my investments are 100% equities. The other half is 100% bonds. One half or the other wi...
by bertilak
Sat Apr 12, 2014 11:41 am
 
Forum: Investing - Theory, News & General
Topic: Stock markets in free fall?
Replies: 92
Views: 6490

Re: KeePass vs LastPass

I don't think using a key file alone is secure. A key file + password - now that's like double authentication and much more secure than a password. I think the keyfile is really to prevent remote hacks like someone brute-forcing passwords against thousands of websites remotely - if your keyfile is ...
by bertilak
Fri Apr 11, 2014 6:00 pm
 
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 97
Views: 5025

Re: KeePass vs LastPass

When I open the locked file the unlock dialog has "key file" checked and the name and location of the file pre-filled! Even If I keep the file on external media (e.g. USB drive) giving away all the following seems pretty compromising: the fact that it is a key file and not a password that...
by bertilak
Thu Apr 10, 2014 9:11 pm
 
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 97
Views: 5025

Re: KeePass vs LastPass

Like TrueCrypt, KeePass can use a keyfile: Key Files Instead of remembering a super secure password, let your data take care of the details. All you have to remember is that you've used Grandma's vacation picture. And don't lose the picture. Or, any one of the thousands of files on your PC. Just be...
by bertilak
Thu Apr 10, 2014 8:23 pm
 
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 97
Views: 5025

Re: Reducing Sequence of Returns Risk

The problem is sequence of returns risk becoming actual loss. Yes, but this is true of any insurance product, and that is how I am looking at this. You asked! Actually, I was trying to distinguish between getting insurance before an actual loss occurs and how to deal with that loss if it wasn't ins...
by bertilak
Thu Apr 10, 2014 7:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reducing Sequence of Returns Risk
Replies: 11
Views: 1035

Re: Was Wondering Why Windsor/Wellesley/Wellington?

I bought wellesley up to the point of admiral shares because it was my close to being my first taxable investing and I wanted one fund that was relatively stable to use as a quasi emergency fund. I've since changed the dividends to be invested elsewhere and let is sit as it is. Interesting choice g...
by bertilak
Thu Apr 10, 2014 3:25 pm
 
Forum: Investing - Theory, News & General
Topic: Was Wondering Why Windsor/Wellesley/Wellington?
Replies: 28
Views: 3366

Re: Reducing Sequence of Returns Risk

I am not sure what problem you are trying to solve. If stocks do poorly the first 5 years of retirement, don't you just sell bonds to live on and rebalance at the same time? If paying down a mortgage is like buying a bond, does it not also hold true that taking out a mortgage (or HEL or SRM) is lik...
by bertilak
Thu Apr 10, 2014 10:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Reducing Sequence of Returns Risk
Replies: 11
Views: 1035

Re: Why shouldn't i invest mostly in value funds?

Is there a reason why, at my age, i shouldn't put most of my money in value funds, especially small cap value/mid cap value and rebalance them later in safer investments when i'm much older? Volatility. Even though on average, and over the long run, SCV is expected (by some at least, perhaps by man...
by bertilak
Tue Apr 08, 2014 6:20 pm
 
Forum: Investing - Theory, News & General
Topic: Why shouldn't i invest mostly in value funds?
Replies: 22
Views: 1412

Re: What would you do in this situation?

Your best estimate is that the inheritance will run out in about 10 years. If I interpret this correctly, it really means you have extended the "lifetime" of your nest egg by 10 years. I think it makes a difference if you went from 20 to 30 years or if you went from 50 to 60 years. Perhap...
by bertilak
Sat Apr 05, 2014 11:52 am
 
Forum: Investing - Help with Personal Investments
Topic: What would you do in this situation?
Replies: 9
Views: 646

Re: POLL: Do rebalance bands matter?

nisiprius wrote:But beware of the Vessel with the Pestle and the Flagon with the Dragon.

Careful! A jester unemployed is nobody's fool!
by bertilak
Tue Apr 01, 2014 9:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: POLL: Do rebalance bands matter?
Replies: 20
Views: 1256

Re: Comparing current net income to DB pension net income

Not sure if you are subtracting out FICA, but you should be.

Also subtract out anything you were putting into IRA, 401(k), etc..
by bertilak
Mon Mar 31, 2014 7:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Comparing current net income to DB pension net income
Replies: 6
Views: 564

Re: Advantages in tax inefficient funds

In order to have the effect you are describing it would be necessary for the total capital in tax advantaged accounts to be large enough that by themselves they could affect the market. I would be very surprised if tax advantaged accounts made up enough of the market to make any difference. Actuall...
by bertilak
Sat Mar 29, 2014 5:22 pm
 
Forum: Investing - Theory, News & General
Topic: Advantages in tax inefficient funds
Replies: 14
Views: 914

Re: Were These Investment Advisors Lying or Incompetent?

I've thought about giving up the fight, except that I think a lot of people on the larger Board respect me and support what I'm doing. So I feel a certain amount of responsibility to see this through and not let the rest of the synagogue down just because a handful of people are being difficult. Go...
by bertilak
Fri Mar 28, 2014 1:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Were These Investment Advisors Lying or Incompetent?
Replies: 90
Views: 5885

Re: Wade Pfau: Lifecycle Finance

I want to know if and how to get $3000 per month from my nest egg, and they're asking completely unrelated questions. They might as well ask you what's your astrological sign and what's your favorite color! :? Then the result is an asset allocation. There is no mention of how much you want to/can/s...
by bertilak
Fri Mar 28, 2014 7:42 am
 
Forum: Investing - Theory, News & General
Topic: Wade Pfau: Lifecycle Finance
Replies: 118
Views: 11930

Re: Were These Investment Advisors Lying or Incompetent?

One thing I should have been clear about is that the donation was about $70K. In retrospect, I probably shouldn't have described it as a "very large donation", but we are a very small congregation (about 55 families), and that is a huge amount to us. Unfortunately, in the investing world,...
by bertilak
Thu Mar 27, 2014 10:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Were These Investment Advisors Lying or Incompetent?
Replies: 90
Views: 5885

Re: Were These Investment Advisors Lying or Incompetent?

I was surprised that they didn't know this, since they were both CFPs. Oh, they know. What they also know is you won't like the answer if they give it to you straight so they are stalling until either you forget or they can give you a delayed, non-responsive, answer and you will run out of energy b...
by bertilak
Wed Mar 26, 2014 4:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Were These Investment Advisors Lying or Incompetent?
Replies: 90
Views: 5885

Re: Best Way To Utilize $250,000?

IS this 5% doable? Wolf, Going by average, expected, returns, 5% seems reasonable, but it is not, for the following reasons: ⋅ You cannot live on average returns because your expenses are comparatively constant. You need to deal with the lean years as well as the fat. You can't tell the g...
by bertilak
Tue Mar 25, 2014 6:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: I Really Would Appreciate Your Advice!
Replies: 72
Views: 2651

Re: The least productive post ever

It's a classic fixed marginal cost analysis. you do the fixed costs of 1 and then you examine the marginal cost of the second. A = Cost for one B = Cost for two C = Difference You say Count A. Count C. B=A+C. Desired ratio = B/A. I say Count A. Count B. Desired ratio = B/A. The question is, which i...
by bertilak
Tue Mar 25, 2014 10:37 am
 
Forum: Personal Finance (Not Investing)
Topic: The least productive post ever
Replies: 18
Views: 1667

Re: The least productive post ever

Clearly there are efficiencies that come with being a couple (sharing a home, perhaps sharing a car etc.,) but there are plenty of expenses that are significantly greater for a couple compared a single person. If it's 1.7 million for the single person...what's that represent in "couple dollars...
by bertilak
Tue Mar 25, 2014 10:26 am
 
Forum: Personal Finance (Not Investing)
Topic: The least productive post ever
Replies: 18
Views: 1667

Re: Asset Allocation - near retirement

I currently am 50/50 Wellington/Wellesley so find your plan quite reasonable. I agree with Deceptor that International is not that important. This is probably a slight minority position, as is the belief that W and W are adequately diversified. They may not be diversified across the large-small and ...
by bertilak
Tue Mar 25, 2014 10:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation - near retirement
Replies: 40
Views: 3488

Re: Help me settle a debate -- Risk in Retirement

I can tell you what I did in a similar situation, although I'm far short of $3M. I live comfortably off of SS+Pension and have not touched my nest egg. I had the same dilemma about an AA of the nest egg so I split it 50-50 stock-bonds. I have yet to hear a convincing argument why I should lean more ...
by bertilak
Fri Mar 21, 2014 8:45 pm
 
Forum: Investing - Theory, News & General
Topic: Help me settle a debate -- Risk in Retirement
Replies: 61
Views: 4215

Re: Laptop Cost

It seems to me that a business laptop is something the employer should be supplying. You don't need to be working for, or running, a business to be dependent on "business level" applications. Quicken and MS Office fall into that category. As does software supplied by brokerages like Schwa...
by bertilak
Fri Mar 21, 2014 9:57 am
 
Forum: Personal Consumer Issues
Topic: Laptop Cost
Replies: 15
Views: 1091

Re: Laptop Cost

ajcp, methedras, Ah, so that is still available? I thought it was a limited time offer, but you are most likely right. There is a slight chance that there could be issues doing the upgrade. I ran into such a problem. My brand new system's touch screen stopped working shortly after I took delivery. A...
by bertilak
Fri Mar 21, 2014 9:49 am
 
Forum: Personal Consumer Issues
Topic: Laptop Cost
Replies: 15
Views: 1091

Re: Laptop Cost

I'm guessing it is really Windows 8.1. If not, look for a laptop that comes with 8.1. Windows 8 is Microsoft's first stab at a completely new paradigm and they didn't get it right. 8.1 is their quick fix to make it right. Well, "right" is a relative term. Windows still has a long way to go...
by bertilak
Fri Mar 21, 2014 7:57 am
 
Forum: Personal Consumer Issues
Topic: Laptop Cost
Replies: 15
Views: 1091

Re: Home made drip irrigation using a milk container.

My wife uses these: http://www.thegreenhead.com/imgs/xl/wine-bottle-plant-nanny-watering-stakes-xl.jpg Google "clay drip pot." My idea is to put a funnel in the top to capture rain. Imagine funnels in these: http://urbanhomestead.org/journal/wp-content/uploads/2011/12/ollas2.jpg
by bertilak
Mon Mar 17, 2014 10:15 am
 
Forum: Personal Consumer Issues
Topic: Home made drip irrigation using a milk container.
Replies: 7
Views: 667

Re: Treatment of Pension in Asset Allocation

Think simply.... if you need $7000 a month in retirement and your pension provides $3000 and SS provides $1600, then your portfolio needs to provide $2400 monthly and should have an asset allocation that can be expected to last the rest of your lives. :thumbsup Thinking simply is the key. When it c...
by bertilak
Sun Mar 16, 2014 10:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Treatment of Pension in Asset Allocation
Replies: 16
Views: 1378

Re: Wade Pfau: Lifecycle Finance

BobK, From a Lifecycle Finance approach, how would one handle planning for the possibility of needing long-term care? That has been a contentious issue in several discussions on the board, and there doesn't seem to be any consensus. It's a huge potential uncertainty in one's future liability--how d...
by bertilak
Sat Mar 15, 2014 7:36 pm
 
Forum: Investing - Theory, News & General
Topic: Wade Pfau: Lifecycle Finance
Replies: 118
Views: 11930

Re: Retirement Planning - Did you ever think?

Wellington holds corporate bonds, lots of taxable dividends. I would hold that in a tax deffered account. My point was, "but not as much as Wellesely." So if the choice is how to portion out The W's between tax deferred and taxable I would think the one with the most taxable dividends (We...
by bertilak
Sat Mar 15, 2014 4:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning - Did you ever think?
Replies: 33
Views: 3355

Re: Wade Pfau: Lifecycle Finance

The bottom of every wiki page has a feedback form for anonyous comments, no login required. We just received some suggestions, which have been posted to the Discussion tab. 2. A request to add Asset Dedication - I did not add the book, as I think it's different than a life-cycle approach. I could b...
by bertilak
Sat Mar 15, 2014 4:38 pm
 
Forum: Investing - Theory, News & General
Topic: Wade Pfau: Lifecycle Finance
Replies: 118
Views: 11930

Re: The Three Fund Portfolio and Llife-Cycle Finance

bobcat2 wrote:In LCF the three funds are an indexed global stock market fund, a ST TIPS bond fund, and a LT TIPS bond fund.

Can you recommend a place where rules/procedures/guidelines/tools/whatever can be found to establish those allocations?
by bertilak
Sat Mar 15, 2014 4:25 pm
 
Forum: Investing - Theory, News & General
Topic: Wade Pfau: Lifecycle Finance
Replies: 118
Views: 11930

Re: Retirement Planning - Did you ever think?

... taxable to Wellesley and the IRA to Wellington ... Would it not be the other way around? Wellesley pays more in dividends than Wellington so I think he dividends should be protected while invested and if distributed out of the IRA, nothing is lost since it all gets taxed as regular income in an...
by bertilak
Sat Mar 15, 2014 1:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning - Did you ever think?
Replies: 33
Views: 3355

Re: Retirement Planning - Did you ever think?

Maybe not... Dad's dividends all came from public utilities... all monopolistic and regulated. Water companies, electric power companies, gas, telephone, etc. He would never have touched a BP or an Enron and neither would I. My father did reasonably well for many years using that strategy. I have n...
by bertilak
Fri Mar 14, 2014 10:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning - Did you ever think?
Replies: 33
Views: 3355

Re: Retirement Planning - Did you ever think?

[You have to be really proactive and watch for signs that your holdings are running financials that don't support their dividends. I seriously question if that is going to be workable in later retirement years when cognitive decline sets in. It is certainly more work than I expected. This is why I ...
by bertilak
Fri Mar 14, 2014 10:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning - Did you ever think?
Replies: 33
Views: 3355

Re: Improving Credit Score by Timing Credit Card Payments

Here is a situation I ran into ... Got me one of those AMEX Preferred Blue cards with pretty good cash-back percentages: 6% on my biggest category, groceries. I started putting nearly everything on the AMEX. I paid it off every month, but the high percentage utilization knocked back my FICO score. T...
by bertilak
Thu Mar 13, 2014 8:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Improving Credit Score by Timing Credit Card Payments
Replies: 17
Views: 1023

Re: Amazon Prime Increase

Cash wrote:$1 more and I probably would not renew. But there's still value at $99 for me (and probably at $100 too, but there's a psychological barrier that Amazon is probably aware of).

Psychological barrier for me too, but when I look at $99 I see $100! :moneybag
by bertilak
Thu Mar 13, 2014 8:52 am
 
Forum: Personal Consumer Issues
Topic: Amazon Prime Increase
Replies: 185
Views: 7599

Re: Amazon Prime Increase

Yeah, I got the notice this AM.

Do $25 and up orders still get the free shipping? If so I will probably drop Prime. I don't use any of the other services -- no streaming (my Internet is too slow), not free Kindle stuff (I hate reading on that device -- sold mine in a yard sale).
by bertilak
Thu Mar 13, 2014 8:47 am
 
Forum: Personal Consumer Issues
Topic: Amazon Prime Increase
Replies: 185
Views: 7599

Re: Rail Cruise

Thanks to you all for the responses. These will give me things to think about and a few good leads.
by bertilak
Wed Mar 12, 2014 6:52 pm
 
Forum: Personal Consumer Issues
Topic: Rail Cruise
Replies: 16
Views: 1528

Re: Rail Cuise

22twain wrote:There's an outfit in the US that runs similar excursions, but I've forgotten the name offhand and I have to run to a meeting...

Hey 22 ---

Ever see the movie Murder by Death? It has a character (played by Truman Capote) named Lionel Twain.
by bertilak
Tue Mar 11, 2014 4:59 pm
 
Forum: Personal Consumer Issues
Topic: Rail Cruise
Replies: 16
Views: 1528
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