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Re: VBMPX safe enough for saving for tuition

Also yes and no. A fact is that the volatility, risk of gain or loss in the fund, is greater than the yield to be gained by a range up to a few percent over an advantage of one percent over the saving account. That really means that the yield advantage is meaningless. My advice would be to stick wit...
by dbr
Tue Aug 19, 2014 9:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: VBMPX safe enough for saving for tuition
Replies: 5
Views: 387

Re: Sport of Fencing question

I would pay a visit to the high school coach and ask him how your son might best prepare. He may even recommend a particular local club your son could join. He may even be the fencing master at the local club and happy to have an interested beginner. Depending on the program and the community the an...
by dbr
Tue Aug 19, 2014 9:35 pm
 
Forum: Personal Consumer Issues
Topic: Sport of Fencing question
Replies: 2
Views: 180

Re: Best way to control someones account.

A POA and/or an agent authorization would be the way to go, depending in detail on the institution involved. I have such for an individual which was granted by the bank by executing a durable POA on the spot, restricted to handling of those accounts. Other institutions may not recognize a POA and ne...
by dbr
Tue Aug 19, 2014 9:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best way to control someones account.
Replies: 7
Views: 499

Re: Reallocation of Custodial Funds - College Savings

It would be wise to run dummy tax returns to see what the cost might actually be in different scenarios, including outright and kiddy tax. Another possible complication, or opportunity, is that spending all her assets sooner rather than later may affect your ability to obtain financial aid in ongoin...
by dbr
Mon Aug 18, 2014 6:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reallocation of Custodial Funds - College Savings
Replies: 5
Views: 144

Re: Should we switch our TIPS fund?

Without a doubt risk and investment choices should be considered in the light of anything that might indicate that previous decisions should be modified, as Taylor has explained. My concern is that this conversation can easily be interpreted as advice in general to shorten TIPS durations. More than ...
by dbr
Mon Aug 18, 2014 5:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should we switch our TIPS fund?
Replies: 49
Views: 5315

Re: Dealing with taxes on Options

BTW, what's a RSU? Restricted Stock Units, which I believe should be the same thing you are describing as a "grant of a number of shares". My RSU's vest equally over 3 years. I'd like to keep all the shares, but just thinking it will be a pain to come up with several thousand dollars not ...
by dbr
Mon Aug 18, 2014 5:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dealing with taxes on Options
Replies: 10
Views: 420

Re: Defined Benefit Plan Costs?

Thanks everyone for your responses. To everyone, I am treading as carefully as possible and can certainly appreciate the amazing retirement benefits this job is offering. As I have said before I feel slightly stuck because in the current arraignment I'm set for life upon retiring, however with the ...
by dbr
Mon Aug 18, 2014 5:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Plan Costs?
Replies: 29
Views: 1441

Re: Would you buy these funds that were recommended?

You didn't meet with a financial adviser; you met with a fund salesman. What caused you to pick this guy to talk to and what did you expect from him? I hope there is not already any money invested at whatever firm he works for. Who would that be, by the way? I think you are making an excellent start...
by dbr
Mon Aug 18, 2014 5:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Would you buy these funds that were recommended?
Replies: 21
Views: 934

Re: Dealing with taxes on Options

If you don't in fact in end up with too much concentration in your own company stock, then there is no issue. It is a matter of judgement and preference. People do find that as company stock grants accumulate both as RSUs and as company contributions in 401K plans that the unwise concentration can e...
by dbr
Mon Aug 18, 2014 5:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dealing with taxes on Options
Replies: 10
Views: 420

Re: Vanguard Lost My Account

It would appear that the whole issue revolves around Vanguard not having given you any information about what action would follow after your account being locked. That could include that the issue was under investigation and you would be contacted, or that you could contact someone specifically for ...
by dbr
Mon Aug 18, 2014 4:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Lost My Account
Replies: 81
Views: 8550

Re: Dealing with taxes on Options

Assuming these are RSU's, what you will have is shares in your company. As a general rule it is a bad idea to hold stock in one single companies, but especially bad to combine single stock risk with job risk if your employer does badly in their business. Usually it is a good idea to sell all the RSU...
by dbr
Mon Aug 18, 2014 3:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dealing with taxes on Options
Replies: 10
Views: 420

Re: Looking back: VIPSX vs. VTIPX bond funds?

My records show that I exchanged our (intermediate-term) Inflation-Protected Securities Fund (VIPSX) to the Short-Term Inflation-Protected Securities Fund (VTIPX) on 6-25-2013. The primary reason for the exchange was to reduce risk. In 2013,Pat (now deceased) and I were both in our late 80s so our ...
by dbr
Mon Aug 18, 2014 1:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should we switch our TIPS fund?
Replies: 49
Views: 5315

Re: Defined Benefit Plan Costs?

I find this to be a common problem. The younger folks only appreciate cash in hand. The older folks appreciate health insurance and retirement plans. That is a fair point. One issue with all benefit plans, retirement, medical, or whatever, is that it is tough or even illegal to let some people opt ...
by dbr
Mon Aug 18, 2014 1:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Plan Costs?
Replies: 29
Views: 1441

Re: Defined Benefit Plan Costs?

Hi Everyone, The reason is, last time I asked for a raise I was deflected saying I couldn't get a raise because the pension plan is a significant expense. In any case, I'm hoping there is someone with experience in this that can at least give a general number for me. That answer means to me that th...
by dbr
Mon Aug 18, 2014 12:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Plan Costs?
Replies: 29
Views: 1441

Re: Thoughts on USAA?

There are many good reasons to become a bona-fide member of USAA as the child of a military veteran. Probably your father was not an officer, as in prior times enlisted would not have qualified. I am not sure if that distinction has any effect now. Your father might well benefit from USAA membership...
by dbr
Mon Aug 18, 2014 12:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on USAA?
Replies: 22
Views: 1520

Re: Is buying two SUVs a sane/good financial move?

Let's not get into it, but suffice to say I don't agree nor see any real evidence that our 4800# is any more dangerous to anyone else than a 4800# vehicle of any other kind, and mass protects: that's physics. If I can afford it and am allowed to by law, I'm going to take advantage of it. Well, why ...
by dbr
Mon Aug 18, 2014 12:17 pm
 
Forum: Personal Consumer Issues
Topic: Is buying two SUVs a sane/good financial move?
Replies: 63
Views: 3600

Re: Bad(?) advice given about Target Date Retirement funds

I agree that one type of investor TR funds are NOT for is the beginning investor who does not understand what these funds do and why. Any investing that is "automatic" should be entered into by a knowledgeable and sophisticated investor who is opting for convenience not by a naive investor...
by dbr
Mon Aug 18, 2014 11:21 am
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 71
Views: 3910

Re: In-Law Financial Issues (long)

The critical step is for you and your wife to agree about how much of your mutual assets you are willing to donate to her parents, if it comes to that. Do we assume you and your wife agree that it is share and share alike between the two of you? If that is true then how much goes to the in-laws depe...
by dbr
Mon Aug 18, 2014 10:46 am
 
Forum: Personal Finance (Not Investing)
Topic: In-Law Financial Issues (long)
Replies: 44
Views: 3955

Re: .90% yield on 100k…help...

My wife and I have 100k in a savings account earning 0.90% and we’re looking to invest a portion of it. Looking for guidance on what we should invest in with a 3-5 year time horizon (maybe longer) in a taxable account. When you say 3-5 year time frame, the question would be is it probable you would...
by dbr
Sun Aug 17, 2014 5:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: .90% yield on 100k…help...
Replies: 3
Views: 722

Re: What was Underestimated\Overestimated in Retirement

How does ~$1000 per month sound when you put it all together? Possibly even more if you have expensive dental work done. That is about right with a really good Medigap plan. For a high deductible plan and good health it can be less. Is the estimated $1,000/month per person ? Victoria No, sorry, I s...
by dbr
Sun Aug 17, 2014 5:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: What was Underestimated\Overestimated in Retirement
Replies: 48
Views: 4478

Re: Retirement Party Discussions

Thanks for that link Austintatious. I recalled that he had made such a statement in the past and your link must have been it. So, if you keep rebalancing, you will be cutting into your long-term returns. Now you will take on more volatility. I'm not a big fan. I don't object to it at all. But I thi...
by dbr
Sun Aug 17, 2014 5:13 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement Party [Investment] Discussions
Replies: 50
Views: 3684

Re: What was Underestimated\Overestimated in Retirement

Mel Lindauer wrote:How does ~$1000 per month sound when you put it all together? Possibly even more if you have expensive dental work done.


That is about right with a really good Medigap plan. For a high deductible plan and good health it can be less.
by dbr
Sun Aug 17, 2014 4:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: What was Underestimated\Overestimated in Retirement
Replies: 48
Views: 4478

Re: Spouse not ready to cut ties with financial advisers

I discussed most of the points in this thread with DH this morning. His overriding concern is that we will make a mistake and it will cost us a lot more than 1%. He said that everyone he knows who has ever chosen to manage their own funds has lost money in the stock market. Considering how the stoc...
by dbr
Sun Aug 17, 2014 4:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 94
Views: 5769

Re: Does this Bond AA make sense?

One point is that it is a good idea to consider the asset allocation of the portfolio as a whole. How to distribute investments across accounts is a tax issue. In the event that assets are not needed for income, then one needs to think through what objectives one might have for the money. That said,...
by dbr
Sun Aug 17, 2014 4:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does this Bond AA make sense?
Replies: 9
Views: 466

Re: Is buying two SUVs a sane/good financial move?

Some years ago I was driving a heavy load (over 100,000 lbs) over the coast highway. ... Nothing happened to the driver of the truck. ... I don't remember the equations from physics class, but mass matters. Do the math of a 100,000 lb truck v. a 1,000 lb car and a 100,000 lb truck v. 5,000 lb SUV. ...
by dbr
Sun Aug 17, 2014 4:35 pm
 
Forum: Personal Consumer Issues
Topic: Is buying two SUVs a sane/good financial move?
Replies: 63
Views: 3600

Re: Is buying two SUVs a sane/good financial move?

Is a 2009 mini cooper considered to be an unsafe vehicle? Yes, what is not published in the safety ratings is the fact that probability of death and severe injury in auto accidents with other vehicles is inversely proportional to vehicle weight. 3000lbs. curb weight is about at the knee in the curv...
by dbr
Sun Aug 17, 2014 1:01 pm
 
Forum: Personal Consumer Issues
Topic: Is buying two SUVs a sane/good financial move?
Replies: 63
Views: 3600

Re: ESPP [Employee Stock Purchase Plan]

That is a reasonable deal except that it doesn't say much for your employer that they let you get ripped for a $50 commission. They could easily set up the whole plan with someone that would do this commission free for the employees. Is this a small company or do they throw you to the wolves on othe...
by dbr
Sun Aug 17, 2014 12:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: ESPP [Employee Stock Purchase Plan]
Replies: 4
Views: 386

Re: Windfall and fiduciary recommendations

At that asset level your risk that you are shark bait outruns your opportunity to get a deal by about 100 to 1.
by dbr
Sun Aug 17, 2014 12:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Windfall and fiduciary recommendations
Replies: 18
Views: 1459

Re: Does this Bond AA make sense?

Thanks all. These are two ira accounts. I'm 66 but have no need for this money at least for now. So only as a guess I would say 5-10 years time frame. What you probably mean is for the rest of your life, about thirty years, except that you will be taking small withdrawals from your assets for spend...
by dbr
Sun Aug 17, 2014 12:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does this Bond AA make sense?
Replies: 9
Views: 466

Re: POLL: Breaking up with advisor

We left a trust account when the trust was broken up and the successor individual accounts that resulted from that . There was never any problem and all the individuals involved were both professional and congenial. A trust is a trust and has its reasons, and the folks over there behaved impeccably....
by dbr
Sun Aug 17, 2014 12:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: POLL: Breaking up with advisor
Replies: 39
Views: 2059

Re: Retirement Party Discussions

A doctorate candidate in finance had praise for Jack Bogle, but disagreed with a statement he had made against rebalancing at some point. I don't remember reading any comments by Jack against rebalancing, but maybe it is so. Can't put my finger on examples, but I think it has happened that this has...
by dbr
Sun Aug 17, 2014 12:18 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement Party [Investment] Discussions
Replies: 50
Views: 3684

Re: Advice to move from Wells Fargo advisor

Possibly the only real mistake in choosing a broker is somehow ending up signed up with an AUM advisor instead of running a DIY account, which is always possible.
by dbr
Sun Aug 17, 2014 12:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice to move from Wells Fargo advisor
Replies: 20
Views: 1536

Re: What was Underestimated\Overestimated in Retirement

Major expenses such as replacing a car, major maintenance on a house (new roof), etc., have to be allowed for but are probably not different in retirement, or may go down. Some people would replace a car and hardly use it at all; other people would buy an RV and tour the country or a sailboat and h...
by dbr
Sun Aug 17, 2014 12:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: What was Underestimated\Overestimated in Retirement
Replies: 48
Views: 4478

Re: Spouse not ready to cut ties with financial advisers

But first you might want to make sure your husband isn't pulling in more on those poker nights than he's paying in fees... and not telling you (or the IRS) about it. Could be he's a better poker player than they are financial salespeople... More likely the guy that doesn't know he is the mark in th...
by dbr
Sun Aug 17, 2014 12:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 94
Views: 5769

Re: Does this Bond AA make sense?

If you're concerned about interest rate risk, have you considered CDs instead of bond funds? What is your time horizon for this money? That is one possibility for you. In general if you want to eliminate interest rate risk you have to go short or into "cash" investments. Your proposed all...
by dbr
Sun Aug 17, 2014 12:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does this Bond AA make sense?
Replies: 9
Views: 466

Re: When Can I Retire?

You should do the exercise of running various scenarios through several retirement planners that combine asset picture, spending planned or desired, income sources, etc. See here: http://www.bogleheads.org/wiki/Retirement_calculators_and_spending This issue is just complicated enough to not be made ...
by dbr
Sun Aug 17, 2014 11:24 am
 
Forum: Investing - Help with Personal Investments
Topic: When Can I Retire?
Replies: 5
Views: 807

Re: Poll: Cash Reserve for Investments

Pretty much what Livesoft said, but I don't even kowtow to the short bonds.
by dbr
Sun Aug 17, 2014 11:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Poll: Cash Reserve for Investments
Replies: 11
Views: 756

Re: What was Underestimated\Overestimated in Retirement

I'm not retired yet and spending a small fortune on travel so I am trying to estimate my expenses in retirement. I think a huge expense could be replacing a car. Then there always seem to be utilities such as washing machines wearing out. Major expenses such as replacing a car, major maintenance on...
by dbr
Sun Aug 17, 2014 10:45 am
 
Forum: Personal Finance (Not Investing)
Topic: What was Underestimated\Overestimated in Retirement
Replies: 48
Views: 4478

Re: Spouse not ready to cut ties with financial advisers

Good ideas posted above. 1. check the allocation to the 7 funds and if they are very similar for very different investment goals - then they really haven't listened to you. Yes, if you are really 100% stocks something is far more than seriously wrong, but having the same funds in accounts mentally ...
by dbr
Sun Aug 17, 2014 10:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 94
Views: 5769

Re: What was Underestimated\Overestimated in Retirement

Estimates were about right or a little too high. Retirement spending is down about 10% compared to similar items before. The one possible surprise is that in spite of what seems like more travel than before, that category of expenses is actually down. The one really big increase percentage wise but ...
by dbr
Sun Aug 17, 2014 10:06 am
 
Forum: Personal Finance (Not Investing)
Topic: What was Underestimated\Overestimated in Retirement
Replies: 48
Views: 4478

Re: Vanguard Lost My Account

One would think 1099s that have been submitted to the IRS would have some authenticity. One should at least save paper copies of all tax documents, and, I think, the IRS copies can be retrieved? It might be a dangerous game for Vanguard to claim they have failed to file tax documents or that same we...
by dbr
Sat Aug 16, 2014 11:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Lost My Account
Replies: 81
Views: 8550

Re: What Allocation Makes Sense

Larry Swedroe has offered the observation that low risk trumps high risk for two reasons. The first reason is the diminishing marginal utility of wealth. There is less to gain from investing for higher return than there is in protection of what one has. The second reason is that risk tends to be und...
by dbr
Fri Aug 15, 2014 11:41 am
 
Forum: Investing - Help with Personal Investments
Topic: What Allocation Makes Sense
Replies: 9
Views: 1012

Re: Vanguard Lost My Account

I can't imagine not accessing all of my financial accounts at least monthly to verify that everything is what it should be and for sure that all contact information, real and electronic, is up to date. I would also verify that I am receiving all the monthly, quarterly, and annual statements that are...
by dbr
Fri Aug 15, 2014 9:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Lost My Account
Replies: 81
Views: 8550

Re: TIPS: a separate Bond category?

For the sake of discussion, let us assume that the Bond portion of my portfolio is all Treasury bonds, allocated 33.3% each to Short Term, Intermediate Term, and Long Term Bonds. Now, I decide that 10% of my Bond portfolio should be TIPS; let's say, Short Term TIPS. Do I choose A or B? A: 10% TIPS ...
by dbr
Thu Aug 14, 2014 10:51 pm
 
Forum: Investing - Theory, News & General
Topic: TIPS: a separate Bond category?
Replies: 13
Views: 1335

Re: TIPS: a separate Bond category?

Answer. You don't need short TIPS for inflation protection because inflation in the short term can't hurt you very much. Why pay the inflation insurance or liquidity premium. Buy long TIPS to lock in those attractive long term real rates when and if the long term rates rates ever become attractive ...
by dbr
Thu Aug 14, 2014 10:31 pm
 
Forum: Investing - Theory, News & General
Topic: TIPS: a separate Bond category?
Replies: 13
Views: 1335

Re: Expense ratios as tax rates

If there is an analog it would be to a tax on assets such as property tax. However, using the word tax in a metaphorical sense is probably not far off. I agree that there is a fundamental difference between tax as in one's share of the expenses of the common good and tax as in a fee paid to someone ...
by dbr
Thu Aug 14, 2014 4:27 pm
 
Forum: Investing - Theory, News & General
Topic: Expense ratios as tax rates
Replies: 7
Views: 430

Re: Do you hold cash/money market outside of your emergency

Any cash you have IS an emergency fund (except maybe CDs that are locked up). It doesn't matter if the cash is in a bank or a brokerage account or whatever. I am not sure what you are really asking. I think he is wondering first of all if significant assets should be held in "cash," which...
by dbr
Thu Aug 14, 2014 10:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Do you hold cash/money market outside of your emergency fund
Replies: 31
Views: 1962

Re: Do you hold cash/money market outside of your emergency

No. While is inevitable that there will be cash sloshing around in some checking, savings, or MM account as money comes and goes from/to various sources, there is nothing being held for something like trying to predict interest rates. As a retiree I don't have an emergency fund either.
by dbr
Thu Aug 14, 2014 9:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Do you hold cash/money market outside of your emergency fund
Replies: 31
Views: 1962

Re: Liability Matching Portfoloio

Those who have a pension and significant SS don't have a choice about annuitizing except to make the annuity even bigger by delaying SS. When I left Megacorp there was no lump sum option for the pension. How all this applies will vary considerably from person to person.
by dbr
Tue Aug 12, 2014 9:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Liability Matching Portfoloio
Replies: 36
Views: 3103

Re: Liability Matching Portfoloio

..... in reality the boundary between necessary and "desired" expenditures is a fuzzy. This seems to be a stumbling block for me. View liberally, ss and pensions cover those expenditures. Viewed conservatively, my pension and ss are inadequate. :? It shouldn't be so hard to distinguish be...
by dbr
Tue Aug 12, 2014 2:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Liability Matching Portfoloio
Replies: 36
Views: 3103
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