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Re: About to Order my first Mini Cooper S

British racing green didn't make the cut?
by dratkinson
Tue Aug 19, 2014 2:44 pm
 
Forum: Personal Consumer Issues
Topic: About to Order my first Mini Cooper S
Replies: 19
Views: 1087

Re: Bogleheads Featured in Money Article

The article's author got one point slightly wrong. This... .... If rates rise, after one year you can redeem the I Bond; you’ll lose three months of interest, but you can then buy a higher-yielding bond... ...makes it sound like exchanges are allowed, like rolling over a bank CD with 3-month's inter...
by dratkinson
Tue Aug 19, 2014 2:38 pm
 
Forum: Investing - Theory, News & General
Topic: Bogleheads Featured in Money Article
Replies: 21
Views: 2972

Re: Should I Invest in both T-IRA & R-IRA?

In the military, base pay (salary) is taxed, but some allowances (addition pay categories: allowance for housing, allowance for subsistence/food, combat pay,...) are not taxed. OP needs to ensure he is only working with his taxable pay, not the total that is reported on his monthly LES (leave and ea...
by dratkinson
Sat Aug 16, 2014 3:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Invest in both T-IRA & R-IRA?
Replies: 34
Views: 1234

Re: Should I Invest in both T-IRA & R-IRA?

It is likely I will have a military pension as well as SS. Because a good % of my military pay isn't taxed, we could get very close to the current 15% bracket if I went all Traditional TSP ($17,500). I know it is impossible to look into my crystal ball and wonder know what my bracket will be in ret...
by dratkinson
Fri Aug 15, 2014 10:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Invest in both T-IRA & R-IRA?
Replies: 34
Views: 1234

Re: Should I Invest in both T-IRA & R-IRA?

I preferred the Roth route in the 25% tax bracket. Why?... I understand the RMD part, and it is a valid reason, but I think you are plain wrong on the first part in which you said you preferred Roth "Because the tIRA will save you one year of taxes, but will cost you taxes on multiples years o...
by dratkinson
Fri Aug 15, 2014 9:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Invest in both T-IRA & R-IRA?
Replies: 34
Views: 1234

Re: Should I Invest in both T-IRA & R-IRA?

I preferred the Roth route in the 25% tax bracket. Why? Because the tIRA will save you one year of taxes, but will cost you taxes on multiples years of growth at ordinary income tax rates. Plus you will be subject to RMDs. (A tIRA converts QDI/LTCG to ordinary income upon withdrawal.) Because the rI...
by dratkinson
Fri Aug 15, 2014 11:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I Invest in both T-IRA & R-IRA?
Replies: 34
Views: 1234

Re: I don't have enough cash for index funds

If you already have a Roth IRA (rollover) at Fidelity containing your preferred funds, why not just add your $300 to that? Why open a new Roth IRA and worry again about fund minimums when you've already met the minimums in your rollover? Full disclosure. I long ago consolidated my multiple rIRAs and...
by dratkinson
Fri Aug 15, 2014 10:59 am
 
Forum: Investing - Help with Personal Investments
Topic: I don't have enough cash for index funds
Replies: 42
Views: 3460

Re: Should I make my entire tax-deferred portfolio bonds?

... At this point, the best approach for you is probably to use a Target Retirement fund or a LifeStrategy fund in a Roth IRA at Vanguard. ... +1 From a combination of sources, it is recommended that everyone just starting to invest should be 25-30% bonds until we've weathered our first market cras...
by dratkinson
Thu Aug 14, 2014 12:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I make my entire tax-deferred portfolio bonds?
Replies: 8
Views: 1131

Re: 2014 TaxACT online (fed+state), $13.99 'til Aug 31.

^^^ Can't download online s/w, but can use as is: online. Should be free to do so (look at online) as long as you don't print. 2014 s/w will not be ready until probably Dec, so use 2013 version instead to give you a guesstimate of your tax situation. Review Safe Harbor rules if you are expecting ser...
by dratkinson
Tue Aug 12, 2014 8:58 pm
 
Forum: Personal Consumer Issues
Topic: 2014 TaxACT online (fed+state), $13.99 'til Aug 31.
Replies: 6
Views: 710

2014 TaxACT online (fed+state), $13.99 'til Aug 31.

From email offer. Pre-Register now. Pay when you print your draft return next April. New user: sign up to create account. Existing user: enter account information (email address + TaxACT password). Email sent confirming your $13.99 price. https://www.taxactonline.com/s_online_tax2013/introduction/pr...
by dratkinson
Tue Aug 12, 2014 8:11 pm
 
Forum: Personal Consumer Issues
Topic: 2014 TaxACT online (fed+state), $13.99 'til Aug 31.
Replies: 6
Views: 710

Re: I...I don't even know where to begin.

Oh, in case you know less then zero about personal finance, not just investing, suggest you first read The Only Investment Guide You'll Every Need by Andrew Tobias, before you read the BH guide. Might as well get the foundational basics of personal finance covered first before you start investing.
by dratkinson
Tue Aug 12, 2014 7:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: I...I don't even know where to begin.
Replies: 19
Views: 2957

Re: Can the reverse of market timing work?

I asked the same question a few years back.

And as was explained to me, the reverse of market timing is buy and hold.

And yes it does work better.
by dratkinson
Mon Aug 11, 2014 3:42 pm
 
Forum: Investing - Theory, News & General
Topic: Can the reverse of market timing work?
Replies: 18
Views: 2071

Re: Manual vs Automatic Dollar Cost Averaging

Mike Scott wrote:I prefer automatic and the interval is monthly because that is how I get paid. I can do a manual transfer if I happened to find a "pot of gold" to add to it.


+1

Plus, if you manually track your investing account entries (Excel,...), then fewer monthly lots are simpler to enter/track.
by dratkinson
Mon Aug 11, 2014 3:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Manual vs Automatic Dollar Cost Averaging
Replies: 5
Views: 661

Re: Where to buy little plastic bottles?

Nalgene makes a travel set that you can buy on amazon.com. 8 bottles in the set of various sizes and shapes. They're sturdier than most bottles this size, and in many years of travel use, I've never had one leak. I'm always having trouble with water-like liquids leaking out due to pressure changes ...
by dratkinson
Mon Aug 11, 2014 2:53 pm
 
Forum: Personal Consumer Issues
Topic: Where to buy little plastic bottles?
Replies: 24
Views: 1601

Re: I...I don't even know where to begin.

(Edit) Read The Boglehead's Guide to Investing . Get it from your local library. It will give you a structured walk-through of the central investing process: account types and funds appropriate for each, so you own the market and control your risk exposure. You will find many differing opinions on i...
by dratkinson
Mon Aug 11, 2014 2:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: I...I don't even know where to begin.
Replies: 19
Views: 2957

Re: Portfolio Advice with only TSP and IRAs

Even in the 15% fed tax bracket, a 3-fund portfolio, substituting for Total Bond Market Index fund, intermediate-term tax-exempt (VWITX/VWIUX) or long-term tax-exempt (VWLTX/VWLUX) municipal bonds currently provides a better after-tax yield. However, it comes with more risk; Total Bond Market Index...
by dratkinson
Sat Aug 09, 2014 7:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice with only TSP and IRAs
Replies: 12
Views: 1127

Re: Start all over at 63 years of age?

zed wrote:...
A sound approach. But please explain your rationale for DCA by Nov 2016


Just a hopeful WAG targeted to about 2 years hence.

See Ferri's article for more action steps/rationale.
4 Rules for Investing a Lump Sum: http://www.rickferri.com/blog/investmen ... -lump-sum/
by dratkinson
Sat Aug 09, 2014 7:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Start all over at 63 years of age?
Replies: 23
Views: 4130

Re: Who or what inspired you and your investing approach?

Omitting the many failed attempts of the dark past.... I stumbled across an article by Paul Farrell (MarketWatch) tracking the multi-year success of lazy portfolios and thought, "It can't be that simple!" Found William Sharpe's "Arithmetic of Active Management"... and became a be...
by dratkinson
Sat Aug 09, 2014 4:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Who or what inspired you and your investing approach?
Replies: 93
Views: 4272

Re: Portfolio Advice with only TSP and IRAs

See " Purchasing with your IRS tax refund ", about half-way down: I (series) savings bonds: http://www.bogleheads.org/wiki/I_savings_bonds The form 4868 method is easy and works well whether you file early, on time, or late. In this case, it's just a vehicle to get your bond-refund *money ...
by dratkinson
Fri Aug 08, 2014 5:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice with only TSP and IRAs
Replies: 12
Views: 1127

Re: Start all over at 63 years of age?

From my memory of the readings: Stocks can lose 50-90% of their value during a crash. Bonds can lose 10-15% of their value during a crash. Simple action step. If our portfolio is structured so we can tolerate a stock crash, then our bonds should worry us less. (Does assume crashes are not coincident.)
by dratkinson
Fri Aug 08, 2014 5:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Start all over at 63 years of age?
Replies: 23
Views: 4130

Re: Accepting PM overwrites draft forum reply

Two solutions. Good enough.
by dratkinson
Fri Aug 08, 2014 4:47 pm
 
Forum: Forum Issues and Administration
Topic: Accepting PM overwrites draft forum reply
Replies: 4
Views: 340

Accepting PM overwrites draft forum reply

Problem noted: accepting PM overwrites draft forum reply. Was working on forum reply when I received a "You have a PM" popup. When I accepted the PM, it opened in my forum-reply tab and overwrote it. Could forum s/w be changed to default opening an accepted PM into a new tab? Do we have th...
by dratkinson
Thu Aug 07, 2014 6:23 pm
 
Forum: Forum Issues and Administration
Topic: Accepting PM overwrites draft forum reply
Replies: 4
Views: 340

Re: Portfolio Advice with only TSP and IRAs

... I've read several wikis and whitecoats investor has a good and short explanation about taxable accounts. In my case should I open a taxable account now, and not reinvest dividends and capital gains to fund next years tax advantaged accounts? Thanks! This sounds like a short-term savings goal. F...
by dratkinson
Thu Aug 07, 2014 12:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice with only TSP and IRAs
Replies: 12
Views: 1127

Re: Start all over at 63 years of age?

Bogleheads Investment Philosophy: http://www.bogleheads.org/wiki/Bogleheads_Investment_Philosophy Cash. Think I'd be tempted to keep as cash (initially) 7 years of living expenses (63-70) and plan to take SS at 70. And for every year I was still employed, convert that year's cash to investment. Bond...
by dratkinson
Wed Aug 06, 2014 3:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Start all over at 63 years of age?
Replies: 23
Views: 4130

Re: Help with my portforlio

Our emotions can sabotage our investing success: they drove you in/out of the market. So you should be aware of the behavioral aspects of investing. The Wiki gives a skeletal overview of the topic here: Behavioral pitfalls: http://www.bogleheads.org/wiki/Behavioral_pitfalls But to better understand ...
by dratkinson
Tue Aug 05, 2014 7:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with my portforlio
Replies: 5
Views: 779

Re: Investing for those in the 15% tax bracket

Clarifying point. (Didn't see it here.) In a long-forgotten topic, a poster pointed out that tax-deferred accounts convert QDI and LTCG to ordinary income upon withdrawal, a Roth does not. And ordinary income is taxed in the 15% MTB. So in the 15% MTB, it would be preferable to use a taxable or Roth...
by dratkinson
Mon Aug 04, 2014 1:58 pm
 
Forum: Investing - Theory, News & General
Topic: Investing for those in the 15% tax bracket
Replies: 38
Views: 2764

Re: Riding Mower Help Needed

I prefer mulching to bagging, and I have a small lawn and fewer trees since several cut down. But back when I had a bigger fall leaf problem, I quickly learned bagging requires doing something with bagged leaves. What? More work... that's what. Realized by installing mulching plate and running over ...
by dratkinson
Sun Aug 03, 2014 6:48 pm
 
Forum: Personal Consumer Issues
Topic: Riding Mower Help Needed
Replies: 44
Views: 2267

Re: Opinions on Denver Bond program

Thanks for the heads up. I'm interested. If what the website says is true (general obligation bond, highest bond rating), then would seem to be a recommended purchase. But why is the rate of return so high if everything else is true? But have not completed due diligence. How did you find out about t...
by dratkinson
Sun Aug 03, 2014 5:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opinions on Denver Bond program
Replies: 15
Views: 943

Re: Excel Stock Percentage

^^^ Remember that the OP is using Pseudocode . Excel formulas might be overkill. . Sorry for the confusion, my post was not for the OP but for dratkinson who was talking about Excel implementations or so I thought. An implementation is the next logical step after one goes through the effort to crea...
by dratkinson
Sat Aug 02, 2014 8:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: My IPS in computer pseudocode [Investment Policy Statement]
Replies: 18
Views: 1659

Re: My IPS in computer pseudocode

For those of us too lazy to re-read our IPS every month, I say let the machine do. Conditional formatting. If you want to, you can implement your pseudo code in Excel by using conditional formatting to change the font color of an asset's value. Then let Excel's font-color changes implement your IPS ...
by dratkinson
Sat Aug 02, 2014 4:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: My IPS in computer pseudocode [Investment Policy Statement]
Replies: 18
Views: 1659

Re: Kroger for Gasoline

So here’s one of those stupid occasions where my emotions are fighting my reason. I have a $1.00 per gallon discount I can use this month. My Silverado has a 26 gallon gas tank but only gets so-so mileage. My Impala has a smaller tank but gets better mileage. I don’t drive enough in a month to drai...
by dratkinson
Fri Aug 01, 2014 6:36 pm
 
Forum: Personal Consumer Issues
Topic: Kroger for Gasoline
Replies: 31
Views: 2156

Re: Help me save my parents from Merrill Lynch

Allow your parents to search this forum and read the stories of people desperately trying to find information on how to leave ML. Search:

leave merrill lynch
move merrill lynch
transfer merrill lynch
merrill lynch
by dratkinson
Thu Jul 31, 2014 6:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help me save my parents from Merrill Lynch
Replies: 54
Views: 5981

Re: Kroger for Gasoline

I think I'm gradually breaking the code on Kroger/KingSoopers gas reward program. Fill up at the pump . (Don't know how folks in Oregon and NJ do this.) -Present your reward card before your cash-back CC. -Reward fill up limited to 35 gallons: automatic pump shutoff. (Forget flatbed trailer and 55-g...
by dratkinson
Thu Jul 31, 2014 12:05 pm
 
Forum: Personal Consumer Issues
Topic: Kroger for Gasoline
Replies: 31
Views: 2156

Re: The Boglehead-prisoner’s dilemma.

Anonymous/numbered brokerage account invested in ETFs. Invest in Vanguard LifeStrategy Moderate Growth or Balanced Index, both 60/40. Search for offshore tax havens offering same. Belize seems to be recurring theme in crime shows, and the picture of the beaches look marvelous da'ling: maybe good pla...
by dratkinson
Thu Jul 31, 2014 10:18 am
 
Forum: Investing - Theory, News & General
Topic: The Boglehead-prisoner’s dilemma.
Replies: 33
Views: 5419

Re: Tell me why I shouldn't buy individual muni bonds

... I inherited over a dozen of individual muni bonds worth about $250k, now sitting in my Vanguard [VBS?] account. I don't even know what happens to the interest payments. How do you find out? I'm hopelessly clueless...help! The (monthly?) bond dividends are going where they have always gone. You ...
by dratkinson
Wed Jul 30, 2014 5:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tell me why I shouldn't buy individual muni bonds
Replies: 32
Views: 2352

Re: Where to keep "emergency fund" and how much to keep in b

Our idea of an appropriate emergency fund changes as time passes and our investments grow. In the beginning our EF is a little extra in checking and savings. During retirement, one poster said his formal EF went away and all of his investments become his EF: he just withdraws a little more than norm...
by dratkinson
Tue Jul 29, 2014 2:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to keep "emergency fund" and how much to keep in bank?
Replies: 19
Views: 2758

Re: Tell me why I shouldn't buy individual muni bonds

Search forum for a reply by Larry Swedroe in which he listed the types of muni bonds he said were acceptable. I remember GO was one type, but believe he listed 2-3 more. Those types are probably also listed in his bond book.
by dratkinson
Tue Jul 29, 2014 11:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Tell me why I shouldn't buy individual muni bonds
Replies: 32
Views: 2352

Re: Steps to take to prevent ID theft?

Is identity theft forever? This is terrifying. Do you recommend Life Lock or buy something else after following all the recommendations stated? Life Lock would seem to be a third party to the new-account-opening process, so don't see how they could prevent that if creditors doesn't check with them ...
by dratkinson
Sun Jul 27, 2014 3:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Steps to take to prevent ID theft?
Replies: 22
Views: 2409

Re: Steps to take to prevent ID theft?

From personal experience fraud alerts will do nothing to stop someone from opening an account in your name if someone has stolen your personal information. ... This would imply that a credit freeze would be equally as ineffective at preventing identity theft, because if creditors don't check with c...
by dratkinson
Sun Jul 27, 2014 11:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Steps to take to prevent ID theft?
Replies: 22
Views: 2409

Re: Vanguard sued for charging too little

Believe Vanguard can truthfully claim they are not avoiding taxes, just passing greater profits to clients... who then pay greater fed/state taxes.

Maybe this exercise demonstrates that Danon has cause to sue Fordham Law School for what he paid for the magna cum laude.
by dratkinson
Sun Jul 27, 2014 10:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 173
Views: 19124

Re: Help with my portforlio

(Added) Before allowing strangers to influence your investing life, you should know their investing beliefs. Bogleheads investing philosophy: http://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_philosophy EXOSX, Manning & Napier Overseas is not a Vanguard fund, yet you say all of your ac...
by dratkinson
Fri Jul 25, 2014 10:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with my portforlio
Replies: 5
Views: 779

Re: Help with my portforlio

Complete information is required to provide good advice. Please identify where your IRA/Roth are held. (Example: members have reported holding American funds at Edward James can have a big impact on investing success.) Please break down your holdings in each ( * symbol and name, expense ratios): 40...
by dratkinson
Thu Jul 24, 2014 9:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with my portforlio
Replies: 5
Views: 779

Re: Steps to take to prevent ID theft?

A credit freeze is permanent and costs money to unfreeze. Fraud alerts are temporary but free. Fraud Alerts. Use 800.525.6285 or https://www.alerts.equifax.com to place a an initial 90-day *fraud alert notice on your credit file with Equifax (they will forward to Experian and TransUnion). *With a fr...
by dratkinson
Thu Jul 24, 2014 4:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Steps to take to prevent ID theft?
Replies: 22
Views: 2409

Re: Can it be wrong to be too risk averse?

... He points out that a loss of principal is a lot bigger problem to his long term investment goals for retirement, than missing out on a higher rate of return. ... Respectfully disagree. This is a faulty assumption, as his bonds are losing against inflation. Any investment philosophy based on a f...
by dratkinson
Tue Jul 22, 2014 7:48 pm
 
Forum: Investing - Theory, News & General
Topic: Can it be wrong to be too risk averse?
Replies: 49
Views: 2409

Re: Relatively safe investment for large sump

... Regarding bond fund, it is not possible to avoid some of the individual bonds to be sold before their maturity dates. Does this fact only factor into the price of the bond fund ? ... I don't understand your question. If you can not hold an individual bond until maturity, then don't buy it. Simp...
by dratkinson
Mon Jul 21, 2014 8:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively safe investment for large sum
Replies: 43
Views: 3312

Re: Sprinklers for the bottom of a sloping lawn

Suggest repositions sprinkler head 12-24" into lawn. Then any drain water should have sufficient surrounding lawn to soak into before reaching the sidewalk.
by dratkinson
Sun Jul 20, 2014 6:41 pm
 
Forum: Personal Consumer Issues
Topic: Sprinklers for the bottom of a sloping lawn
Replies: 10
Views: 1209

Re: Living on Dividends

Ditto the recommendations for boring bonds, as there have been long time periods when they did better then stocks. Look into the Efficient Frontier concept: asset mixes giving highest risk-adjusted return. Seem to recall a ~30% allocation to intermediate-term bonds giving the best risk/return. Poke ...
by dratkinson
Sat Jul 19, 2014 11:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Living on Dividends
Replies: 18
Views: 4471

Re: Professor looking for investment advice

International bonds are not recommended. Bonds are for safety. International bonds introduce sovereign nation risk. Unhedged international bonds introduce currency risk. Hedged international bonds are linked back to US bonds, but more expensive. (Credit Ferri for this thumbnail sketch.) Bottom line....
by dratkinson
Sat Jul 19, 2014 11:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Professor looking for investment advice
Replies: 16
Views: 1655

Re: New to forum and Investing

Read the Bogleheads Guide to Investing , get if from your local library. Ballparking it. Suggestions for tax-advantaged account investing. --If you can open a business 401k, do so. Contribute the max. --Open an IRA. Contribute the max. The Roth IRA is recommend because of more favorable withdrawal t...
by dratkinson
Sat Jul 19, 2014 11:01 am
 
Forum: Investing - Help with Personal Investments
Topic: New to forum and Investing
Replies: 7
Views: 499

Re: Relatively safe investment for large sum

... Is there any penalty for moving the money out of the ST treasury fund ? Also, looked at your link for CDs and saw that you could get 2.3% on 5 year term (Everbank). Is CD yield short term or long term gain ? ... No penalty for moving money out of ST treasury bond fund, but NAV/price can fluctua...
by dratkinson
Sat Jul 19, 2014 9:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Relatively safe investment for large sum
Replies: 43
Views: 3312
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