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Re: Dilemma re: taxable account

I am retired so will need to be living off the money I have in my taxable account for the next four years. I have a years worth of funds put away for emergency purposes. When I spoke to a financial advisor he suggested I fully invest the remainder in stock mutual funds and sell them off as I need t...
by ddb
Mon Mar 23, 2015 9:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Dilemma re: taxable account
Replies: 18
Views: 1695

Re: FA needs investment advice

This doesn't address your question, but just wanted to throw out a recommendation to read some of the consulting books by Mark Tibergien and Philip Palaveev. Mark has great information on running an advisory firm in general, while Philip presents a very detailed case on building an ensemble practice...
by ddb
Mon Mar 23, 2015 9:05 am
 
Forum: Investing - Help with Personal Investments
Topic: FA needs investment advice
Replies: 25
Views: 2361

Re: If you could send an investment message 10 years in the

"Consistent long slightly out-of-money call options on REGN, GMCR, PCLN, NFLX, AAPL for next 10 years. Cancel wedding."

Around 128 characters, massive impact. Would be insanely wealthy by year-end alone. Would avoid disastrous relationship which continues to this day.
by ddb
Tue Mar 10, 2015 3:47 pm
 
Forum: Investing - Theory, News & General
Topic: If you could send an investment message 10 years in the past
Replies: 62
Views: 4495

Re: should I start Traditional IRA?

We are confused as to start the traditional IRA or not? Since, I am going to jam the $5500 there for quite sometime.. on the other hand the return is significant.. we were in the same delima last year, and did not open the account.. I don't want to waste anymore time on this confusion.. Looking onl...
by ddb
Mon Mar 09, 2015 3:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: should I start Traditional IRA?
Replies: 3
Views: 214

Re: S. Corp Salary Amount and Retirement Contributions

Ignoring the important issue of paying yourself an appropriate salary... I would never choose to pay a 15.3% payroll tax so that I could contribute more money to a retirement plan. Would you add money to a retirement plan if there were a 15.3% sales load on any money you added? No, none of us would,...
by ddb
Fri Mar 06, 2015 9:31 am
 
Forum: Investing - Help with Personal Investments
Topic: S. Corp Salary Amount and Retirement Contributions
Replies: 41
Views: 2675

Re: Trying to get out of debt, now that my wife is onboard

If I were you, I'd look into refinancing all debt into a single home equity line of credit with a 10-year payment schedule. Where I live, there is a credit union that offers a 10-year fixed-rate HELOC with a 4-year draw at a rate of 3.25% for up to the greater of 80% LTV or $200K. The product has no...
by ddb
Fri Mar 06, 2015 9:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Trying to get out of debt, now that my wife is onboard
Replies: 22
Views: 2565

Re: Does My Daughter Need A Prenup?

According to BLS , 29.7% of those with a bachelor's degree or higher who were married for the first time prior to age 46 ended up getting divorced by age 46. So, you may be being a bit pessimistic with respect to your daughter's likelihood of divorce. Nevertheless, I think awareness of risk is almo...
by ddb
Fri Mar 06, 2015 9:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Does My Daughter Need A Prenup?
Replies: 175
Views: 6382

Re: 3 Costs Investors Must Control

The Dalbar studies have been disputed. Even the link you cited has the caveat "if accurate." See also: http://www.bogleheads.org/forum/viewtopic.php?t=70723 But give us something more than Dalbar, please. Vanguard has given us a bit of a guide on this topic. It's is hardly scientific, and...
by ddb
Thu Mar 05, 2015 3:25 pm
 
Forum: Investing - Theory, News & General
Topic: 3 Costs Investors Must Control
Replies: 61
Views: 5577

Re: IRA instead of Owing Taxes, or Other Option?

The fact that some of your 2014 taxable income is being taxed at the 25% marginal rate means that your taxable income is at least $73,800 (assuming married-filing-jointly). This also means that your adjusted gross income is at least $73,800 plus $12,400 standard deduction plus 2 * $3,950 personal ex...
by ddb
Thu Jan 15, 2015 11:28 am
 
Forum: Investing - Help with Personal Investments
Topic: IRA instead of Owing Taxes, or Other Option?
Replies: 3
Views: 374

Re: How to make a long bet on Crude Oil

Your troubles are over.

Image

(and if you want to actually read the nonsense)

- DDB
by ddb
Mon Dec 22, 2014 3:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to make a long bet on Crude Oil
Replies: 28
Views: 2784

Re: What do you splurge on?

Red wine, bourbon, Android mobile devices. Also, my car certainly cost me more than a car that provided basic needs, but I wouldn't have it any other way.
by ddb
Tue Dec 09, 2014 11:31 am
 
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 237
Views: 25624

Re: Should I refi with MAX cashout????

I am in the middle of a refinance and have been pondering taking cash out to invest in our retirement accounts. Its a very small refi (92k) from a 10 yr mortgage at 2.99 with 9 years remaining to a 30 year fixed at 3.625. My plan is to take the difference in monthly payment and put it towards tax s...
by ddb
Mon Nov 03, 2014 9:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I refi with MAX cashout????
Replies: 9
Views: 890

Re: What are you up YTD?

75/25 portfolio (with 30% small-cap tilt & 40% intl'), XIRR for 2014 as of Oct 30th's closing price: 7.79% (annualized). I was lucky in that I rebalanced into equities on Oct 16th, just as things were starting to turn around. Accidentally near-perfect market timing :mrgreen: These figures are d...
by ddb
Fri Oct 31, 2014 1:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: What are you up YTD?
Replies: 318
Views: 38194

Re: IS this car lease too good to be true?

Leasing has another aspect if you've never done it. I felt like I was driving a rental and was watching miles. A small scratch or a door ding can have more impact that if it was "yours". I know some love leasing. Just keep in mind the mental aspects beyond the costs. The other side to thi...
by ddb
Fri Oct 24, 2014 11:15 am
 
Forum: Personal Finance (Not Investing)
Topic: IS this car lease too good to be true?
Replies: 13
Views: 2096

Re: When should someone "not stay the course"?

This nearly 6-year old thread comes to mind:

"Maximum Tolerable Loss" -- Not just a fear factor

- DDB
by ddb
Tue Sep 30, 2014 3:58 pm
 
Forum: Investing - Theory, News & General
Topic: When should someone "not stay the course"?
Replies: 43
Views: 2764

Re: John Hussman, smart guy, should you listen to his foreca

Just a note that this is Larry's second Hussman tear-down on the Bogleheads forum in the past three months, and IMO essentially a recycling of the first: http://www.bogleheads.org/forum/viewtopic.php?f=10&t=138707 Certain members here seem to be exempt from the "no website traffic solicita...
by ddb
Thu Sep 04, 2014 8:59 am
 
Forum: Investing - Theory, News & General
Topic: John Hussman, smart guy, should you listen to his forecasts
Replies: 76
Views: 8884

Re: Variable Annuity - Timing of Surrender Charges

Thank you for your responses. So far I have only seen the general publicly available plan documents, not their particular annuity contract, and wanted know what was standard (if there is such a thing for these products) before diving into them. What is the company name and contract name? If you pro...
by ddb
Thu Sep 04, 2014 8:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Variable Annuity - Timing of Surrender Charges
Replies: 10
Views: 667

Re: Variable Annuity - Timing of Surrender Charges

dickenjb wrote:Why are surrender charges relevant? They can't take money out until they terminate employment anyway.


In the 403b world, can transfer funds to another investment provider sanctioned by the employer, even if employee is under 59.5 and still working for the employer.

- DDB
by ddb
Tue Sep 02, 2014 7:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Variable Annuity - Timing of Surrender Charges
Replies: 10
Views: 667

Re: Volatility: Oh how I love thee.

Yeah, that was sort-of a confusing use of words. Better to say that I'll be rebalancing in a lower prices. :wink: Rick The ability to buy stocks when prices are down can happen under 3 basic scenarios: 1. Investor has cash on sidelines ready to buy stocks at certain valuation levels. 2. Investor is...
by ddb
Thu Aug 07, 2014 3:22 pm
 
Forum: Investing - Theory, News & General
Topic: Volatility: Oh how I love thee.
Replies: 44
Views: 3771

Re: Dave Ramsey still defending 12% and still angry at "nerd

Wow, Dave managed to be offensive to a number of different groups of people in just 9 minutes!

I do agree with his bigger point, though, that one's financial success is most impacted by good habits, i.e. live below your means and save the rest.

- DDB
by ddb
Thu Jul 31, 2014 1:18 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 25160

Re: International investing. A good call by our mentor.

That's a nice rant, baw. But, I think you missed the point of the thread. To me, the point was that Mr. Bogle made a call 15 years ago and it was correct. Maybe some can see what will happen? If you want to call that cherry picking though... John Bogle didn't make a call 15 years ago regarding the ...
by ddb
Thu Jul 31, 2014 1:10 pm
 
Forum: Investing - Theory, News & General
Topic: International investing. A good call by our mentor.
Replies: 150
Views: 15235

Re: International investing. A good call by our mentor.

A few points worth mentioning here: 1. Basing an investment strategy on a recent 15-year period of returns is probably a bad idea. Else, we should all invest entirely in long-term government bonds and small-cap value stocks. 2. Looking at annualized returns of each component is not particularly help...
by ddb
Thu Jul 31, 2014 11:44 am
 
Forum: Investing - Theory, News & General
Topic: International investing. A good call by our mentor.
Replies: 150
Views: 15235

Re: Compact SUV as family car for the long term

Two kids (6, 5), we find that our Mazda CX-5 (compact SUV) and Subaru WRX STi (small hatchback) both have plenty of interior room and cargo space for our needs as a family of four. With the carseats, though, carrying a fifth passenger is basically not an option. This occasionally causes some limitat...
by ddb
Tue Apr 29, 2014 8:25 am
 
Forum: Personal Consumer Issues
Topic: Compact SUV as family car for the long term
Replies: 15
Views: 1482

Re: Comparing W2 to 1099 job

I'm working as both an employee (W2) and independent contractor (1099). I'm trying to determine which job has a higher hourly rate. I already max out my retirement and benefits through my employed (W2) position. I plan on keeping both jobs for now. Job #1: Employee, $225/hr Job #2: Independent cont...
by ddb
Mon Apr 28, 2014 1:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Comparing W2 to 1099 job
Replies: 10
Views: 2569

Re: Newer paper(s) akin to Carhart's 1997 "On Persistence...

1. Bradford Cornell, “Luck, Skill and Investment Performance.” The Journal of Portfolio Management (Winter 2009). 2. Eugene F. Fama and Kenneth R. French, “Luck versus Skill in the Cross Section of Mutual Fund Alpha Estimates,” June 2009. Thanks, Larry, these are exactly what I was looking for. Bot...
by ddb
Mon Apr 28, 2014 8:18 am
 
Forum: Investing - Theory, News & General
Topic: Newer paper(s) akin to Carhart's 1997 "On Persistence..."
Replies: 3
Views: 1315

Re: Most realiable way to double a portfolio in 12 years

If you wanted to double the size of a portfolio in 12 years how would you invest the money. If it goes over that's fine but not necesssary. The goal is to fine the most likely and least risky investment option to achieve this goal. To double a portfolio size in 12 years on a nominal basis, without ...
by ddb
Mon Apr 28, 2014 8:03 am
 
Forum: Investing - Theory, News & General
Topic: Most reliable way to double a portfolio in 12 years
Replies: 55
Views: 14993

Newer paper(s) akin to Carhart's 1997 "On Persistence..."

Hi All: Are there any more recent academic papers which look at persistence (or lack thereof) in mutual fund performance? Carhart's 1997 masterpiece did a great job tackling this subject, but at this point the data set he used is 21 years outdated (he looked at January 1962 through December 1993). T...
by ddb
Mon Apr 28, 2014 7:45 am
 
Forum: Investing - Theory, News & General
Topic: Newer paper(s) akin to Carhart's 1997 "On Persistence..."
Replies: 3
Views: 1315

Re: Friend possibly victim of real estate dual agency

Any feedback? Thanks. I am not aware that real estate agents are required to act in the best interest of their clients. Based on the limited info provided, doesn't sound to me like there's much here to "go after". - DDB Whether or not it was met here is an open, question but traditionally...
by ddb
Thu Mar 20, 2014 11:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Friend possibly victim of real estate dual agency
Replies: 27
Views: 2830

Re: Friend possibly victim of real estate dual agency

CrossOverGuy wrote:Any feedback? Thanks.


I am not aware that real estate agents are required to act in the best interest of their clients.

Based on the limited info provided, doesn't sound to me like there's much here to "go after".

- DDB
by ddb
Thu Mar 20, 2014 9:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Friend possibly victim of real estate dual agency
Replies: 27
Views: 2830

Re: Buy a used car or pay $5,000 more to get a new one?

I thought about just going for a new Crosstrek but decided that it didn't make sense to buy something I don't need just because I want it. We're not all living on rice/beans/water while living in an efficiency apartment and walking to work, which means that most of us are buying things we don't nee...
by ddb
Thu Mar 20, 2014 8:12 am
 
Forum: Personal Consumer Issues
Topic: Buy a used car or pay $5,000 more to get a new one?
Replies: 62
Views: 5088

Re: Professions that have the most/least psychopaths

frugaltype wrote:I'm surprised to see clergymen in there. On the other hand, there seems to be a great divide in that profession, some being totally unempathic and extremely nasty and others being perhaps the best people ever.


This profession was the one I most expected to see on the list.
by ddb
Wed Mar 19, 2014 2:47 pm
 
Forum: Personal Consumer Issues
Topic: Professions that have the most/least psychopaths
Replies: 30
Views: 2205

Re: An 8% SWR ???

Money Magazine has an article citing an author proposing that one save 12 times one's pre-retirement income by age 65 for retirement: http://money.cnn.com/2014/03/03/retirement/retirement-savings.moneymag/index.html The article later suggests that amount may be reduced by 10% to 25% by ramping up p...
by ddb
Wed Mar 19, 2014 12:36 pm
 
Forum: Investing - Theory, News & General
Topic: An 8% SWR ???
Replies: 12
Views: 2166

Re: Best smartphone in 2014?

I need a new phone... my old one (now ancient) broke after 4 years of use. I use the internet a lot and I also want one with the best camera for photos/video. Any suggestions? Depends on a lot of information not provided. I'm a bigtime Android fanboy, however I think the typical smartphone user who...
by ddb
Wed Mar 19, 2014 12:24 pm
 
Forum: Personal Consumer Issues
Topic: Best smartphone in 2014?
Replies: 38
Views: 2969

Re: I bought a rosé this week...

Because life is short. Had never bought a rosé before... Julia's Dazzle Pinot Grigio rosé at Costco for a pretty good price, $13 or something. It's nice, refreshing, not very complex, but good for the milder spring weather we've been having. At work and in my personal life recently I've seen too mu...
by ddb
Wed Mar 19, 2014 12:17 pm
 
Forum: Personal Consumer Issues
Topic: I bought a rosé this week...
Replies: 35
Views: 3995

Re: Good, reasonable priced pinot grigio?

Fortunately for you, Pinot Grigio has a pretty low ceiling on price. For example, a search at wine.com reveals that their most expensive Pinot Grigio is $24.99 for a 750ml bottle. Santa Margherita is very popular, and will also fit in with most peoples' perception of what a pinot grigio tastes like....
by ddb
Wed Mar 19, 2014 12:14 pm
 
Forum: Personal Consumer Issues
Topic: Good, reasonable priced pinot grigio?
Replies: 7
Views: 1106

Re: Firing an Advisor

Transfer the stocks to a discount brokerage, so that they will be less expensive to sell. Find the tax basis of every stock. Sell any stock which is more than 5% of your portfolio to get it down to 5%, independent of tax consequences; having too much in any one stock is an unnecessary risk. Sell al...
by ddb
Mon Nov 18, 2013 8:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Firing an Advisor
Replies: 18
Views: 2014

Re: how much more expensive is a bigger home?

You might want to read this first. http://online.wsj.com/news/articles/SB111852419690557157 That article is interesting, but fails to take into the account the economic benefit received in having a house to live in for 13 years. e.g. let's say the author would have had to spend $1,500 per month to ...
by ddb
Mon Nov 18, 2013 8:51 am
 
Forum: Personal Consumer Issues
Topic: how much more expensive is a bigger home?
Replies: 68
Views: 5204

Re: What are your favorite android smartphone apps?

Google Wallet. More and more retail locations have added the wireless reader to their credit card machines, and paying by tapping my smartphone is so cool - always leaves expressions of wonder and amazement on the faces of the cashiers!

- DDB
by ddb
Fri Nov 01, 2013 11:59 am
 
Forum: Personal Consumer Issues
Topic: What are your favorite android smartphone apps?
Replies: 50
Views: 6005

Re: Mini Cooper or Fiat 500?

I'd strongly prefer a VW GTI to either of these options. A $549 ECU upgrade (Stage I) gives you 252hp and 303ft-lbs of torque. Also, can add a solid rear sway bar to nearly eliminate any hint of underste er. And then, I'd even more strongly prefer a Subaru WRX to either of the above options. For me...
by ddb
Fri Nov 01, 2013 8:08 am
 
Forum: Personal Consumer Issues
Topic: Mini Cooper or Fiat 500?
Replies: 49
Views: 4457

Re: Mini Cooper or Fiat 500?

I'd strongly prefer a VW GTI to either of these options. A $549 ECU upgrade (Stage I) gives you 252hp and 303ft-lbs of torque. Also, can add a solid rear sway bar to nearly eliminate any hint of understeer. And then, I'd even more strongly prefer a Subaru WRX to either of the above options. For me, ...
by ddb
Thu Oct 31, 2013 11:29 am
 
Forum: Personal Consumer Issues
Topic: Mini Cooper or Fiat 500?
Replies: 49
Views: 4457

Re: 2014 MDX

I welcome thoughts on the following .... Planning to get 18' rather than 19" wheels -- make sense (18' are standard)? Planning to not get navigation as we will use iPhone --- make sense? Other thoughts? Thanks. All else being equal, I prefer smaller wheels. Lighter weight reduces unsprung mass...
by ddb
Thu Oct 24, 2013 7:00 pm
 
Forum: Personal Consumer Issues
Topic: 2014 MDX
Replies: 16
Views: 1428

Residential water heater recommendation?

Hi All: I'd like to replace my 15-year old water heater. My requirements are natural gas-powered, and 40-50 gallon capacity. I'm generally willing to pay a little bit more for a "better" unit (i.e. longer warranty, more energy efficient, quieter, etc.). The absolute max I'm willing to spen...
by ddb
Tue Oct 22, 2013 11:34 am
 
Forum: Personal Consumer Issues
Topic: Residential water heater recommendation?
Replies: 13
Views: 1933

Re: Getting Started As An Advisor

I don't think you'll have any luck finding an existing firm that shares your values, is willing to hire a part-time new representative, and will give you a payout rate that you think is fair. Based on your post here, and the fact that you hang out on this forum, it's safe to assume that the ideal bu...
by ddb
Fri Oct 18, 2013 12:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting Started As An Advisor
Replies: 18
Views: 2517

Re: Roth Conversion for Backdoor Access Beneficial?

My wife is a SAHM and has both a Roth (~$30k) and a traditional (~$30k) IRA. I am interested in being able to do backdoor Roth conversions in her account. Per information in the "Backdoor Roth" Wiki, we would need to convert the traditional IRA to do so, paying taxes at our current rate. ...
by ddb
Thu Oct 10, 2013 11:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion for Backdoor Access Beneficial?
Replies: 10
Views: 851

Re: What should my mother do w her $600,000 retirement money

Hello Bogleheads, I am at a loss about how to advise my mother - She is a widow, and has about $600,000 in retirement. She has no other savings, and currently live in a $900/month subsidized apartment. All her money is sitting in checking/savings now because she's scared of the market, and I can't ...
by ddb
Thu Oct 10, 2013 9:54 am
 
Forum: Investing - Help with Personal Investments
Topic: What should my mother do w her $600,000 retirement money?
Replies: 31
Views: 5071

Re: An inheritance just when I need it.

ddb, thank you. that is extremely helpful, and I am astonished at the speed with which you drew up the spread sheet. My only question is why you used $1.5 million as the baseline for the projected draw down of assets, when I have 2.1 million. You seem to have excluded my retirement accounts. Was th...
by ddb
Fri Oct 04, 2013 2:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: An inheritance just when I need it.
Replies: 6
Views: 1175

Re: An inheritance just when I need it.

Here are some quick "back-of-the-envelope" calculations. Please don't rely on this for anything other than entertainment value. I assumed your required living expenses are $40K (inflated at 3% per year), I made some guesses about the timing of child support and college tuition payments. I ...
by ddb
Fri Oct 04, 2013 1:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: An inheritance just when I need it.
Replies: 6
Views: 1175

Re: Wine Picks

never is my objective to get a "buzz". Rather, I savor the experience of something which, to me, just tastes fantastic Ah, the old "I like the taste" argument. If this was true, then dealcoholized wine (and beer, and bourbon...) would be a big industry. But it isn't. For me, the...
by ddb
Wed Oct 02, 2013 4:56 pm
 
Forum: Personal Consumer Issues
Topic: Wine Picks
Replies: 44
Views: 2859

Re: Why can I not buy Admiral Shares ?

The $ amount was a birthday gift from my father and he wanted to utilize funds unused in his Schwab brokerage account and just did a fund transfer to my Schwab brokerage account. The reason for purchasing a Vanguard fund is that I will eventually consolidate both accounts into one at Vanguard for s...
by ddb
Wed Oct 02, 2013 12:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why can I not buy Admiral Shares ?
Replies: 18
Views: 2146

Re: Why/How is the Vanguard REIT VA an insurance offering?

Thanks everyone. Let me be a bit more clear. Assuming I don't "annuitize "ever -- I just want to get distributions from the money I invested at retirement age. What role did the insurance company play? In this case, you are insuring against adverse changes in annuitization rates while you...
by ddb
Wed Oct 02, 2013 11:52 am
 
Forum: Investing - Theory, News & General
Topic: Why/How is the Vanguard REIT VA an insurance offering?
Replies: 11
Views: 966
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