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Re: what should I do with my whole life policy

You can do what you want. It appears to me that you're paying a good bit for a little insurance. You're making a bet on when you'll die and the insurance company makes money on fees and float (and increasing life expectancy). My annual statements show an administration fee and commission to the agen...
by dharrythomas
Sat Apr 19, 2014 11:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: what should I do with my whole life policy
Replies: 24
Views: 1882

Re: Book for 20 Year Old Beginner

The Richest Man in Babylon The Automatic Millionaire The Millionaire Next Door The Total Money Makeover (though there are problems with the investment recommendations) The biggest piece of the puzzle is to set a consistent, early, and relatively aggressive savings and investing plan early and minimi...
by dharrythomas
Fri Apr 18, 2014 9:41 pm
 
Forum: Investing - Theory, News & General
Topic: Book for 20 Year Old Beginner
Replies: 16
Views: 1027

Re: "If You Can: How Millennials Can Get Rich Slowly"-- A Ge

Thank you both, Bill & Taylor!

You continue to teach me that the more I learn the more I realize how small my circle of competency really is! :oops:

Harry
by dharrythomas
Sun Apr 13, 2014 4:40 pm
 
Forum: Investing - Theory, News & General
Topic: "If You Can: How Millennials Can Get Rich Slowly"-- A Gem
Replies: 4
Views: 1906

Re: retired at 37?

I don't like the odds on 4% withdrawals starting at 37. That's a 50-60 year planning horizon. :shock:
by dharrythomas
Sun Mar 30, 2014 6:08 pm
 
Forum: Investing - Theory, News & General
Topic: retired at 37?
Replies: 52
Views: 4934

Re: Winners of 2013: Boring Investors

If you want to be exact, the benchmarks are 65/35 for Wellington and 35/65 for Wellesley. Though according to the latest reports, Wellesley is close to 40% equity currently. For what it's worth, they benchmark the stocks against the S&P 500 rather than one of the value indexes. Good luck. Harry
by dharrythomas
Sun Mar 30, 2014 6:04 pm
 
Forum: Investing - Theory, News & General
Topic: Winners of 2013: Boring Investors
Replies: 14
Views: 2606

Re: 24, starting new job - advice please!

I think you're fine except that your asset location is more like 96/4 than 90/10. You are also overweight large US growth stocks. You're making a good start. Continue to learn and and you have plenty of time to make necessary adjustments.

Good luck.

Harry
by dharrythomas
Sat Mar 29, 2014 4:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: 24, starting new job - advice please!
Replies: 19
Views: 1071

Re: How important are Int'l Bonds?

Depends on what you offer right now and what offering you'd remove. I think that a 401(K) that would be the best for the average employee would have an extremely limited fund offering of only either the Target Retirement series or the LifeStrategy series. While some of us would like to play with mor...
by dharrythomas
Sat Mar 22, 2014 1:39 pm
 
Forum: Investing - Theory, News & General
Topic: How important are Int'l Bonds?
Replies: 44
Views: 3800

Re: Max TSP or Diversify Elsewhere?

I think the L fund is fine. I use it. Remember, all the allocations and advice are based on historical data and the one thing that is clear in that data is that correlations and relative returns vary over time and time period. Another is that sometimes the changes are permanent (at least from the pe...
by dharrythomas
Sat Mar 22, 2014 1:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Max TSP or Diversify Elsewhere?
Replies: 15
Views: 1392

Re: 10 Reasons to take your pension annuity over a lump sum

My prime consideration is to ensure a steady income stream for the spouse. I signed up for my Army Reserve pension at immediate annuity upon my death max rate and intend to do the same for my next pension at decision time. That plus social security should give her enough income to live on even after...
by dharrythomas
Sat Mar 22, 2014 1:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: 10 Reasons to take your pension annuity over a lump sum
Replies: 34
Views: 4241

Re: Target Retirement vs. Underlying Funds

There are several reasons that Target Retirement funds are less tax efficient than individual components. First, they have taxable bond income. Many try to keep taxable bonds in tax free or tax deferred accounts. Second, you lose some overseas tax benefits by investing in fund of funds. Third, becau...
by dharrythomas
Sat Mar 22, 2014 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Target Retirement vs. Underlying Funds
Replies: 3
Views: 342

Re: Can I beat 2.75% guaranteed via mortgage paydown?

We paid off a 3% mortgage early. If you're saving/investing enough, paying early reduces risk. In five years it provides you with free cash flow for either spending or savings. I gave 2/3 to DW and added 1/3 to what we're saving/investing. We'll have plenty. You only know the best choice in the rear...
by dharrythomas
Sat Mar 15, 2014 11:23 pm
 
Forum: Investing - Theory, News & General
Topic: Can I beat 2.75% guaranteed via mortgage paydown?
Replies: 73
Views: 4525

Re: Dynamic Asset Allocations or do 'Valuations Matter'

Valuations matter. BUT the markets have made a series of record highs over the last 30 years...people thought the market was high in the mid-80s. It's hard to time and the rules, multipliers, and correlations change over time, so does the equity risk premium. The changes are only apparent AFTER the ...
by dharrythomas
Sat Mar 15, 2014 5:46 pm
 
Forum: Investing - Theory, News & General
Topic: Dynamic Asset Allocations or do 'Valuations Matter'
Replies: 30
Views: 2086

Re: How To Be An Index Investor

Thanks Rick. This will be great, particularly since I'm a cheap person like you. :D I really appreciate your sharing the research that you do to support your business. Even more than what I learn is how it reinforces what I already know. Your articles and posts have limited the stupid stuff I've con...
by dharrythomas
Fri Mar 07, 2014 4:45 am
 
Forum: Investing - Theory, News & General
Topic: How To Be An Index Investor
Replies: 23
Views: 2674

Re: LifeStrategy, Not TR in 401k

I like both. We use TR in traditional accounts and LifeStrategy in Roth. I hope we don't need the Roth in retirement but I want the traditional accounts to become less risky going forward.
by dharrythomas
Thu Mar 06, 2014 6:19 am
 
Forum: Investing - Theory, News & General
Topic: LifeStrategy, Not TR in 401k
Replies: 25
Views: 1666

Re: Rolling over tsp onto Roth and other financial ?

Welcome! Rolling it into a Roth, into the other TSP account, into a TIRA, or leaving it alone are all good options. Single, no mortgage, tax rate will be pretty high on the transferred funds. On the other hand, the balance is small and you've got a long time to compound. Someone will do the math for...
by dharrythomas
Thu Mar 06, 2014 6:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Rolling over tsp onto Roth and other financial ?
Replies: 9
Views: 485

Re: Simple Asset Allocation for Life

Your asset allocation is fine. It's within the broad range of reasonable. I could give you any number of other reasonable options.

There is no one right answer, or rather there is (100% in whatever goes up the most over your time period) but NO ONE knows in advance what that is.

Good Luck.

Harry
by dharrythomas
Mon Mar 03, 2014 6:50 am
 
Forum: Investing - Theory, News & General
Topic: Simple Asset Allocation for Life
Replies: 8
Views: 1036

Re: Why the love for target date funds?

I like Target Retirement and LifeStrategy because the most important thing a person can control is their savings rate and besides there are more important things in life than MONEY! :shock: If I can get a young uneducated investor to save a reasonable percentage of salary AND invest in one of those ...
by dharrythomas
Mon Mar 03, 2014 6:44 am
 
Forum: Investing - Theory, News & General
Topic: Why the love for target date funds?
Replies: 71
Views: 3652

Re: Dollar Cost Averaging

If it meets your asset allocation, don't do anything!

Jack Bogle thinks ETFs are dangerous because we want to trade them too much. :annoyed

Good luck!

Harry
by dharrythomas
Fri Feb 28, 2014 6:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Dollar Cost Averaging
Replies: 5
Views: 570

Re: New Invester age 23

Vanguard Target Retirement in both is the cheap easy way to go. I'd move the Roth directly to Vanguard to avoid fees. Good you started early. The options and contribution limits are much better than when I was in my 20s.

Welcome and good luck!

Harry
by dharrythomas
Fri Feb 28, 2014 5:57 am
 
Forum: Investing - Help with Personal Investments
Topic: New Invester age 23
Replies: 19
Views: 974

Re: Question regarding DCA

It is not a financially better decision. That depends on the direction of the market during the particular time frame. It is a decision that is inconsistent with you long-term asset allocation and is logically inconsistent. The fact that it may work and may not is irrelevant. No one can tell you in ...
by dharrythomas
Fri Feb 28, 2014 5:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Question regarding DCA
Replies: 11
Views: 561

How to convince family & friends to use Boglehead Method?

I've got my daughters and one brother on board. One brother doesn't engage even though he acknowledges that I've been closer to right than the projections he got from his salesman. The other listens to me reads and then discusses it with his American Funds broker, at least since he's paying a load A...
by dharrythomas
Sat Feb 22, 2014 9:11 pm
 
Forum: Investing - Theory, News & General
Topic: How to convince family & friends to use Boglehead Method?
Replies: 61
Views: 4208

Re: Vanguard Target Date Funds

Target Retirement funds are great. You might be able to do a little better, you could do a lot worse. TR or Admiral shares depends on what you want. You'll pay a small additional cost for the rebalancing, I pay it some others don't. The funds are not overpriced.

Good Luck.

Harry
by dharrythomas
Mon Feb 17, 2014 6:40 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard Target Date Funds
Replies: 14
Views: 1492

Re: Rental properties - Risk-adjusted return seems way too h

1) Volitility is NOT Risk! It is a poor approximation of risk. People use it because they need a measurable number to put in the equations. To use volitility to compare the risks of two very different asset classes is misleading. You don't really know how to compare volitility of one assets class th...
by dharrythomas
Mon Feb 17, 2014 6:26 am
 
Forum: Investing - Theory, News & General
Topic: Rental properties - Risk-adjusted return seems way too high
Replies: 37
Views: 2454

Re: Where to invest after maxing out 401k, IRA, and HSA?

The only I have to add to what Laura said is that paying down the mortgage is not a bad option. 3.99% is not a bad risk free rate. You'll probably do better, but no guarantees.

Good Luck!

Harry
by dharrythomas
Thu Feb 13, 2014 10:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to invest after maxing out 401k, IRA, and HSA?
Replies: 18
Views: 2066

Re: Admiral or Life Strategy?

We are in a position to use Admiral shares and have them in our Roth IRAs because we slice and dice in my Roth and DW likes Wellington. In my Roth, the core fund is LifeStrategy Moderate Growth. In our Traditional Accounts we're in Target Retirement funds and I use the same concept in the TSP. If I ...
by dharrythomas
Thu Feb 13, 2014 10:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Admiral or Life Strategy?
Replies: 16
Views: 1906

Re: Vanguard snowed in.

I'm sure they've got a good COOP plan. And they're slow, not shut down. We survived the market week long shut down after 9/11. If there is a disaster that cracks Vanguard, another broker won't help, cash (not in a bank) might, being in another country might, guns, ammo, gold, and canned food would b...
by dharrythomas
Thu Feb 13, 2014 8:54 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard snowed in.
Replies: 31
Views: 3457

Re: Late start advice requested (30 years old)

The other advice you got here was great. LifeStrategy Growth Fund is fantastic! You could stay in that series your entire investing life and do better than most! My trick with my wife is that I refuse to borrow money. We take savings/investments off the top and I let her figure out how to manage the...
by dharrythomas
Wed Feb 12, 2014 6:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Late start advice requested (30 years old)
Replies: 49
Views: 3190

Re: UPDATE: Portfolio Help: 59 yr old Newbie

Rosebuds, Laura's advice is spot on. In your situation, a Target Retirement Fund is the best option along with a Freedom Fund in your 401(K). If you don't like that option the Vanguard LifeStrategy Moderate Growth Fund provides the same diversification as Target Retirement with a fixed asset allocat...
by dharrythomas
Wed Feb 12, 2014 8:46 am
 
Forum: Investing - Help with Personal Investments
Topic: UPDATE: Portfolio Help: 59 yr old Newbie
Replies: 26
Views: 1947

Re: Hi! New to boards and investing….

Vanguard's Target Retirement Funds are totally indexed and come without an extra layer of fees. I use on in my Traditional IRA.

I think a Roth at Vanguard is an excellent idea.

Harry
by dharrythomas
Tue Feb 11, 2014 11:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hi! New to boards and investing….
Replies: 6
Views: 558

Re: IRA - Withdraw $$ for House & International Fund

BB81, I think you should consolidate both accounts into one of the Target Retirement Funds. They'll provide you a broadly diversified index based plan that has bonds and international. Then go back and review some of the other posts on this site (posts by Taylor Larimore are a good start). Before yo...
by dharrythomas
Tue Feb 11, 2014 11:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: IRA - Withdraw $$ for House & International Fund
Replies: 4
Views: 272

Re: Convert Traditional to Roth IRA?

My math on the 8th grader has them off the payroll in about 8 years, but maybe your a more generous parent than I. I didn't do the math. In rounding they teach that your answer is only valid to the place you started rounding. There are too many unknowns to make this a math based decision. We've made...
by dharrythomas
Tue Feb 11, 2014 11:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2189

Re: Math with Wine is Hard: Traditional 401k vs Roth 401k

First, let me admit that I didn't do all the math. I've got two pensions. One will start at 59.25 and the other probably at 62. They plus SS should bring in initially about what I make now (that will increase 20-25% at age 65-67). Could go earlier or later than 62, but that appears to be the sweet s...
by dharrythomas
Tue Feb 11, 2014 10:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Math with Wine is Hard: Traditional 401k vs Roth 401k
Replies: 35
Views: 2284

Re: Why I'm A passive investor

The other "mistake" (and these are smart guys) is treat unlikely as impossible---meaning the consequences of your decisions should outweigh the probability of the outcomes Great stuff. I think it was Warren Buffett who said that if you play a game long enough where there is a possibility ...
by dharrythomas
Tue Feb 11, 2014 7:27 pm
 
Forum: Investing - Theory, News & General
Topic: Why I'm A passive investor
Replies: 16
Views: 2162

Re: Input on Vanguard funds[Three-fund portfolio vs. Welling

Everything said above is100% accurate. If you want an actively managed, US heavy, value tilted,low cost fund, Wellington is the recommendation and there are many here who use it as an all in one solution. (Full disclosure: DW's Roth IRA is in Wellington) If you're looking for a one fund solution, on...
by dharrythomas
Tue Feb 11, 2014 7:14 pm
 
Forum: Investing - Theory, News & General
Topic: Input on Vanguard funds[Three-fund portfolio vs. Wellington]
Replies: 8
Views: 796

Re: JOHN BOGLE'S NOMINATION FOR PRESIDENTIAL MEDAL OF FREEDO

Taylor, just let me know where to sign or what I can do to help!

Harry
by dharrythomas
Tue Feb 11, 2014 6:56 pm
 
Forum: Investing - Theory, News & General
Topic: JOHN BOGLE'S NOMINATION FOR PRESIDENTIAL MEDAL OF FREEDOM
Replies: 43
Views: 4452

Re: Vanguard Institutional: Flexible asset allocation funds

Thanks, Barry.

Exactly what I would have expected after Vanguard's experience with the Asset Allocation Fund.

Harry
by dharrythomas
Sun Feb 09, 2014 8:20 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Institutional: Flexible asset allocation funds
Replies: 2
Views: 451

Re: Why so many Roth IRAs?

We're doing Roth, both TSP and IRA. We should have enough income anyway, will avoid MRD and pass a better set of funds to kids. We're almost 50% in Roth already. If I pay the taxes now, I know how much is mine.

Good luck.

Harry
by dharrythomas
Fri Feb 07, 2014 11:40 pm
 
Forum: Investing - Theory, News & General
Topic: Why so many Roth IRAs?
Replies: 44
Views: 4438

Re: Why do Bogleheads invest differently?

LifeStrategy Moderate Growth is a reasonable choice. Not the cheapest but balanced and diversified. As Taylor stated you could do a little better but you could do much worse. A good, low maintenance, all in one portfolio.

Good Luck!

Harry
by dharrythomas
Fri Feb 07, 2014 11:21 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Bogleheads invest differently?
Replies: 40
Views: 3912

Re: Trinity Study

If you don't agree with nisiprius, read his last post over until you do!

Harry
by dharrythomas
Wed Feb 05, 2014 10:16 pm
 
Forum: Investing - Theory, News & General
Topic: Trinity Study
Replies: 20
Views: 1956

Re: "How Vanguard Funds Stacked Up"

The vindication of the CMH (Cost Matters Hypothesis) !

Good luck.

Harry
by dharrythomas
Wed Feb 05, 2014 10:07 pm
 
Forum: Investing - Theory, News & General
Topic: "How Vanguard Funds Stacked Up"
Replies: 16
Views: 2490

Re: Articles talking about a 50/50 asset allocation

Ben Graham in 'The intelligent Investor' states that all investors should be between 25/75 and 75/25 with a default asset allocation of 50/50. That source should be authohritative enough for your needs, Warren Bufett started out as a student of and then worked for Ben Graham.

Good Luck

Harry
by dharrythomas
Tue Jan 28, 2014 3:52 pm
 
Forum: Investing - Theory, News & General
Topic: Articles talking about a 50/50 asset allocation
Replies: 41
Views: 4609

Re: TAYLOR'S UPCOMING 90th BIRTHDAY

Happy Birthday, Taylor. I appreciate your kind spirit and generosity with your time. I've learned a great deal from you. I also honor your service in WWII! I think of you often in December and meditate on your sacrifices in 1944! You have had a positive impact in so many ways. God bless you. Harry
by dharrythomas
Wed Jan 22, 2014 10:11 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Taylor's 90th Birthday
Replies: 272
Views: 12671

Re: Wellington

The wife's entire Roth IRA is in Wellington and it has beaten my Roth over time even as I take significantly more risk. It is a good managed fund!

Good Luck.

Harry
by dharrythomas
Mon Jan 13, 2014 7:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Wellington
Replies: 29
Views: 4314

Re: Scott Burns Original Couch Potato

If you want to keep it simple, 60/40, & add international, LifeStrategy Moderate Growth works well.

Good Luck,

Harry
by dharrythomas
Mon Jan 13, 2014 7:43 pm
 
Forum: Investing - Theory, News & General
Topic: Scott Burns Original Couch Potato
Replies: 13
Views: 1842

Re: 3F portfolio - international stocks - hedged or not?

It depends on what you want. Most of us are doing some currency speculation (or hedging a falling dollar). In general, over time the returns of various stock markets tend to converge. This results in a variety of opinions. Jack Bogle says that international stocks are unnecessary. Investment manager...
by dharrythomas
Sun Jan 12, 2014 8:56 am
 
Forum: Investing - Theory, News & General
Topic: 3F portfolio - international stocks - hedged or not?
Replies: 5
Views: 355

Re: The Arithmetic of "All-In" Investment Expenses -- Jack B

Taylor,

Many thanks. I've been looking forward to this.

Harry
by dharrythomas
Thu Jan 09, 2014 9:19 pm
 
Forum: Investing - Theory, News & General
Topic: The Arithmetic of "All-In" Investment Expenses -- Jack Bogle
Replies: 12
Views: 1901

Re: Warren Buffett is a Boglehead

I think that when Warren Buffett recommends dollar cost averaging, he's talking about someone putting in a little money from each paycheck. After all that's where most of the population has access to funds. I've practiced DCA for years, NOT because I think it beats lump sum investing. I dollar cost ...
by dharrythomas
Wed Jan 01, 2014 9:03 pm
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett is a Boglehead
Replies: 48
Views: 3196

Re: Good single fund for conservative retiree

STAR or LifeStrategy Moderate Growth are reasonable, Wellington also.

In the line of the asset allocation you were looking at LifeStrategy Conservative Growth is also good.

I agree with whyme! If this is what she has, it needs to be in CASH as her Emergency Fund.
by dharrythomas
Wed Dec 25, 2013 4:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Good single fund for conservative retiree
Replies: 25
Views: 1860

Re: Can you switch between different cost basis methods?

The way I remember it without looking. You can move from specific ID to average but if you ever go to average you're stuck.

That makes sense intuitively. Once you've averaged, you've used a little of the price from each event and can't undo that election.

Good Luck.

Harry
by dharrythomas
Mon Dec 23, 2013 7:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can you switch between different cost basis methods?
Replies: 7
Views: 625

Re: Thinking about chucking it all and going Wellington

If you don't want to struggle with the complexity, Vanguard offers a number of solid balanced funds which are adequate to meet your needs. Many here enjoy adding complexity to the issue. In Investing all things are simple, but the simple things are hard to follow through on. You could and over any p...
by dharrythomas
Sun Dec 22, 2013 10:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Thinking about chucking it all and going Wellington
Replies: 72
Views: 7429
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