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Re: Suggested retirement reading for 60 year olds

sounds like the Mike Piper book would be great for them.
it is only 100 pages. and he always does an excellent job.

the other options may be way too long, complex for where your parents are in their interest and in their knowledge base.
by epictetus
Sun Nov 23, 2014 10:22 am
 
Forum: Investing - Theory, News & General
Topic: Suggested retirement reading for 60 year olds
Replies: 25
Views: 2754

Re: Paid off our Mortgage this evening!

congratulations!
sounds like with your planning and hard work you are well ahead of the curve on all fronts.
by epictetus
Mon Nov 17, 2014 7:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paid off our Mortgage this evening!
Replies: 75
Views: 7529

Re: Vanguard Brokerage or Mutual Funds?

Fidelity has been set up this way for a long time. You have a brokerage account and you can buy what you want to within it: mutual funds, etfs, individual stocks, CDs, etc. If you want mutual funds then you buy the mutual funds. I would encourage you not to be concerned about it. It really makes it ...
by epictetus
Sun Nov 16, 2014 10:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Brokerage or Mutual Funds?
Replies: 16
Views: 926

Re: Rethinking My Asset Allocation

The Little Book of Common Sense Investing by Bogle would be a good place to start some reading and then branch out from there. If you get just a few basics right and avoid major errors you will do well.
by epictetus
Sun Nov 09, 2014 3:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rethinking My Asset Allocation
Replies: 21
Views: 2632

Re: What to Suggest for Inheritance Mom Received

if she is concerned re: investing the money a move to an online savings account, CD, or CD ladder would be a move forward re: gaining some interest. and might be less stressful for her.
by epictetus
Sat Nov 08, 2014 7:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to Suggest for Inheritance Mom Received
Replies: 28
Views: 2433

Re: New car - should I pay cash or use credit?

i would want to check into the "adjustable" interest rate details re: how often it adjusts, how high it can go, etc., etc. before going in that direction. also if there are any other costs associated with originating the loan, etc.
by epictetus
Sat Nov 08, 2014 8:19 am
 
Forum: Personal Finance (Not Investing)
Topic: New car - should I pay cash or use credit?
Replies: 32
Views: 3947

Re: I have seen the enemy and it is me. Reluctance to inves

if you invest 20% in stocks (200,000) and in 6 months you have 100,000 and have lost 100,000 (50% drop) will you be able to do nothing? not sell. not lose sleep. know that that is part of the experience. that to me is a key question for you to consider. you have to find a strategy that fits you. as ...
by epictetus
Thu Nov 06, 2014 7:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: I have seen the enemy and it is me. Reluctance to invest
Replies: 29
Views: 3376

Re: I have seen the enemy and it is me. Reluctance to inves

I agree with staythecourse: you don't want to invest in stocks, you don't need to, and you don't have to. your pension and SS will more than enough cover your expenses. i have a feeling that if you invest X% of your assets in stocks and that value goes down by 50% you will be sick and very much regr...
by epictetus
Wed Nov 05, 2014 7:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: I have seen the enemy and it is me. Reluctance to invest
Replies: 29
Views: 3376

Re: Please review my strategy (new at investing)

an extra cost to the etf route is the bid/ask spread when buying/selling etfs even if you are buying them commission free. that is something to become familiar with when making the decision on etfs versus mutual funds.
by epictetus
Sat Nov 01, 2014 7:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Please review my strategy (new at investing)
Replies: 13
Views: 1416

Re: Help w/ approximating TSM w/ Fidelity 401k

i would just use the S&P 500 index and not worry about it.
by epictetus
Fri Oct 10, 2014 5:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help w/ approximating TSM w/ Fidelity 401k
Replies: 15
Views: 775

Re: Approximate The Three-Fund Portfolio!

you could just use the institutional index, international index, and bond index and not add the mid and small cap indexes. very high correlation between the S&P 500 index and total market index.

if the total market index was available i would suggest using it.
by epictetus
Sun Oct 05, 2014 1:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Approximate The Three-Fund Portfolio!
Replies: 10
Views: 1225

Re: fidelity v.s. vanguard

the spartan index funds there will be fine. you can do the advantage class for 2 of the three funds and the investor class for the other.
by epictetus
Wed Oct 01, 2014 6:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: fidelity v.s. vanguard
Replies: 18
Views: 1785

Re: Dave Ramsey says asset allocation does not work

NIsi, Thank you very much for the link re: the Babson Boulders! I had tried to research the "stay out of debt" one in the past after you had posted a picture of it but did not have any luck and didn't know enough to be able to search and find anything out about them. It is a very interesti...
by epictetus
Wed Oct 01, 2014 6:18 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says asset allocation does not work
Replies: 86
Views: 7614

Re: Car registration & driving across the country

how about renting a car for the cross country drive?
and then buying the new car once you are at the end of the trip?
by epictetus
Sun Sep 21, 2014 1:17 pm
 
Forum: Personal Consumer Issues
Topic: Car registration & driving across the country
Replies: 14
Views: 1009

Re: How to add to my portfolio monthly without crazy fees

strongly suggest you listen to Taylor Larimore's input. you can move your IRA to Vanguard and then buy one fund in your IRA. that is all you will need. just add money to it when you can. the fund itself will do all the work for you re: rebalancing, etc. one fund and you're done. it really can be tha...
by epictetus
Sat Sep 20, 2014 7:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to add to my portfolio monthly without crazy fees
Replies: 39
Views: 3141

Re: Tour travelling by bus

you might check out Globus tours. we have taken a few of their tours outside the US. Have not taken any of their tours within the US but we were always pleased with our experience with them.
by epictetus
Tue Sep 16, 2014 7:41 pm
 
Forum: Personal Consumer Issues
Topic: Tour travelling by bus
Replies: 36
Views: 2106

Re: Two Fund real Lazy Portfolio?

i also have the 2 fund portfolio: TSM and TBM. the thing it has helped me most with is reducing the temptation to change things around, add more or less of this or that, etc. with the two funds the big issue is deciding on the allocation between the two. beyond that there isn't any tinkering that ca...
by epictetus
Sat Sep 13, 2014 7:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Two Fund real Lazy Portfolio?
Replies: 37
Views: 4896

Re: low expense mobile phone?

we have used Tracfone for many years and it has been fine. is the cheapest option i have figured out in our area for what we need.
by epictetus
Sat Sep 13, 2014 7:12 am
 
Forum: Personal Consumer Issues
Topic: low expense mobile phone?
Replies: 17
Views: 1750

Re: Two Fund real Lazy Portfolio?

those are the components of the classic/original John Bogle's suggested portfolio: Total Stock Market and Total Bond Market.

That was also the basis of Scott Burns' original "couch potato" portfolio.
by epictetus
Fri Sep 12, 2014 5:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Two Fund real Lazy Portfolio?
Replies: 37
Views: 4896

Re: Principal Protection

if i recall correctly (and if i don't i'm hoping someone will quickly correct me) what the OP is proposing is similar to what Dr. Bernstein has been saying recently: that once you have saved X amount of expenses then put that amount in something to preserve the spending power of that amount without ...
by epictetus
Sun Sep 07, 2014 12:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Principal Protection
Replies: 44
Views: 2127

Re: Simplifying my portfolio

you are 38 years old with a one year emergency fund, no debt, and $140,000 in investments. I think you are doing better than you think you are. would encourage you not to take more risk that you are comfortable with because you feel behind, feel you need to catch up, etc. That approach tends to back...
by epictetus
Wed Sep 03, 2014 5:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Simplifying my portfolio
Replies: 6
Views: 775

Re: Help Collecting Useful Threads for A New Boglehead

that still seems like a pretty big list.

have you thought about sending him Bogle's "Little Book of Common Sense Investing"?

Or maybe just one link to a thread from here that talks about BH principles? And then if he is interested he can search the site more on his own.
by epictetus
Mon Aug 25, 2014 6:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help Collecting Useful Threads for A New Boglehead
Replies: 13
Views: 730

Re: How to weather market downturn with a high chance of lay

I think an emergency fund that can you get through X months without employment can help a lot re: market downturn with high chance of layoff. if you want to do tactical purchases during extreme times you might try doing that with a certain percentage of your assets (maybe 10%) so that if things don'...
by epictetus
Sat Aug 23, 2014 7:35 am
 
Forum: Investing - Theory, News & General
Topic: How to weather market downturn with a high chance of layoff
Replies: 42
Views: 3571

Re: Would you buy these funds that were recommended?

I am glad that you found this site.
You will be amazed at the helpfulness of the people here.
Would encourage you to take a breath since you just dodged a financial bullet.
ONce you catch your breath you can get here all the help you need in setting up a workable investing plan.
Welcome!!
by epictetus
Mon Aug 18, 2014 5:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Would you buy these funds that were recommended?
Replies: 30
Views: 1583

Re: Muni bond fund - MUB or ?

that is a very good point re: AMT issue and can see why you would want the fund where that wasn't a problem.
by epictetus
Wed Aug 13, 2014 8:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Muni bond fund - MUB or ?
Replies: 10
Views: 781

Re: Muni bond fund - MUB or ?

is there some reason you are only considering that Fidelity Muni-bond fund? Fidelity has an intermediate term muni bond fund (FLTMX) that has a 10,000 minimum investment level. they also have other municipal bond funds available I think. just bringing that up in case you weren't aware of other optio...
by epictetus
Wed Aug 13, 2014 6:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Muni bond fund - MUB or ?
Replies: 10
Views: 781

Re: Liberated from Fidelity PAS at work - now what

if you list the options you have available now you will probably receive more input.
by epictetus
Tue Aug 12, 2014 6:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Liberated from Fidelity PAS 401k - now what
Replies: 15
Views: 1534

Re: How important is my insurance agent?

we have been with SF for 29 years. in the first few years we ended up not liking the agent/agency we were dealing with. i called the SF agency we wanted to change to and told them we wanted to change to them. there was a process of some kind we completed to make sure the change was being made becaus...
by epictetus
Mon Aug 11, 2014 5:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: How important is my insurance agent?
Replies: 37
Views: 2310

Re: What to do with disbursement check?

we have just had a similar odd experience ourselves. my wife changed jobs over a year ago and we transferred all her 403b money into a Rollover IRA around a year ago. the balance in the 403b has been 0.00 for around a year. in the last week we received a statement that she had around $200 in her 403...
by epictetus
Sat Aug 09, 2014 3:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to do with disbursement check?
Replies: 11
Views: 1592

Re: Mulch, Rubber Mulch, or Rocks in Landscaping?

we used 2 inch river rock over landscape fabric around the house with stone borders so that rock does not go out into yard.
we like that size : not too small so that it washes but not too large either.

and once you install it is there. no replacing. no rotting.
by epictetus
Fri Aug 08, 2014 7:36 pm
 
Forum: Personal Consumer Issues
Topic: Mulch, Rubber Mulch, or Rocks in Landscaping?
Replies: 36
Views: 1883

Re: Risk Averse Start

you are way more fortunate that you probably realize that you have landed here at Bogleheads. The people here are world-class and have no agenda other than to be helpful to you. Investing can seem very intimidating (and a lot of people have agendas to make it seem complicated so they can separate yo...
by epictetus
Sat Aug 02, 2014 5:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Risk Averse Start
Replies: 28
Views: 2313

Re: Contribute to 457?

would not contribute to non-governmental 457
would contribute to governmental 457
by epictetus
Tue Jul 29, 2014 6:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Contribute to 457?
Replies: 41
Views: 3995

Re: Helping My Grandmother

this is a very difficult situation. i would suggest at least considering moving the money to an online savings account. she could get .85-.90% interest that way. and maybe consider some CDs. is there any chance she could obtain a part-time job of some sort? it sounds like she is very active. anythin...
by epictetus
Sun Jul 20, 2014 6:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping My Grandmother
Replies: 54
Views: 3430

Re: Income for my 81 Year Old Father

might at least consider moving the money to an online savings account versus having the money earning nothing.

Barclays bank is paying .90%
Discover bank is paying .85%

there are several other online options
by epictetus
Sun Jul 20, 2014 5:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Income for my 81 Year Old Father
Replies: 11
Views: 1493

Re: Memory foam mattresses - any insight?

we bought a temperpedic cloud several years ago and have both really liked it. it was about 2000 for a queen size. have had no issues with smell/odor at any time.
by epictetus
Sat Jul 19, 2014 3:09 pm
 
Forum: Personal Consumer Issues
Topic: Memory foam mattresses - any insight?
Replies: 64
Views: 5755

Re: Using Emergency Fund to Pay off Auto Loan

i vote with keep the cash. don't pay off the loan.
by epictetus
Tue Jul 15, 2014 6:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Using Emergency Fund to Pay off Auto Loan
Replies: 20
Views: 1649

Re: Ditch car and commute to work in 250cc scooter in Raleig

don't do it. too dangerous.
commute is too long to consider this option.
you are probably doing about as well as you can with fuel efficient hatchback.
might consider a hybrid or electric in the future.
by epictetus
Sat Jul 12, 2014 7:30 am
 
Forum: Personal Consumer Issues
Topic: Ditch car and commute to work in 250cc scooter in Raleigh?
Replies: 79
Views: 6918

Re: Cannot qualify for physician disability insurance.

i like the idea mentioned above about living on your wife's income and saving yours. that helps keep your lifestyle at a reasonable level and would reduce/prevent lifestyle shock if one of you couldn't work for a period of time or for forever. and if you can both keep working probably in 10 years or...
by epictetus
Sun Jul 06, 2014 4:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cannot qualify for physician disability insurance.
Replies: 30
Views: 2475

Re: Cannot qualify for physician disability insurance.

does your wife have physician disability insurance? if she can get it that would go a long way in insuring your family can make it in the early years if something unexpected happened to both of you early on. and hopefully the odds of something unexpected happening to both of you that would prevent b...
by epictetus
Sat Jul 05, 2014 5:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cannot qualify for physician disability insurance.
Replies: 30
Views: 2475

Re: homeowners ins deductible

we went from 1000 to 2000 deductible and there was significant savings in premium.
we asked about deductibles of 3000, 4000, and 5000 but the savings in premiums was very small compared to the savings in premium of moving from 1000 to 2000.

so we stayed with 2000 deductible.
by epictetus
Thu Jul 03, 2014 10:11 am
 
Forum: Personal Finance (Not Investing)
Topic: homeowners ins deductible
Replies: 7
Views: 820

Re: What is simple enough to understand, and therefore inves

if you have not read it I think "The Little Book of Common Sense Investing" by John Bogle would be very helpful to you.
by epictetus
Sun Jun 29, 2014 7:32 pm
 
Forum: Investing - Theory, News & General
Topic: What is simple enough to understand, and therefore invest in
Replies: 27
Views: 1941

Re: Personal Development Books

Anything by David K Reynolds. Would recommend starting with the book "Constructive Living."

Epictetus' "The Art of Living- A new interpretation"- by Sharon Lebell
by epictetus
Tue Jun 24, 2014 5:55 pm
 
Forum: Personal Consumer Issues
Topic: Personal Development Books
Replies: 39
Views: 3083

Re: How much car can I afford while paying cash? Details ins

"I make/have so much more money than all of my peers, but drive the worst car of all of them, and it is starting to get frustrating. " I would encourage you to work on this part. This is the part that has the biggest potential to mess you up over the long run. Given your income, your savin...
by epictetus
Sun Jun 22, 2014 9:07 am
 
Forum: Personal Consumer Issues
Topic: How much car can I afford while paying cash? Details inside.
Replies: 62
Views: 4268

Re: Short Term Bonds or 2 Year CD's

consideration might be given to building a CD ladder of longer term CDs with one/some coming due on regular intervals.
by epictetus
Wed Jun 18, 2014 8:01 pm
 
Forum: Investing - Theory, News & General
Topic: Short Term Bonds or 2 Year CD's
Replies: 13
Views: 1443

Re: Some Advice on Fixing Mistakes

re: your savings account/emergency fund-
however large it is you could look into an online savings account. Would be able to obtain around .9% interest from several options. not the greatest but a lot better than 0%.

just a thought
by epictetus
Tue Jun 17, 2014 7:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Some Advice on Fixing Mistakes
Replies: 14
Views: 1013

Re: Email service alternatives to MSN hotmail and Gmail?

I have used Yahoo email for years and like it fine.
Most other people I know like/use Gmail
by epictetus
Sun Jun 15, 2014 2:26 pm
 
Forum: Personal Consumer Issues
Topic: Email service alternatives to MSN hotmail and Gmail?
Replies: 22
Views: 2276

Re: Vanguard ETF a Safe Choice?

would encourage you to learn about spreads when you buy/sell ETFs and how that contrasts with buying /selling mutual funds and factor that into your decision-making.
by epictetus
Sun Jun 15, 2014 10:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard ETF a Safe Choice?
Replies: 12
Views: 867

Re: Bond investment choices at Fidelity

i think your bond index fund makes perfect sense versus the other fund. in "the little book of common sense investing" mr. bogle talks about how the factors that make indexing the way to go with stocks are just as if not more applicable to bonds I also have a simple portfolio: age in total...
by epictetus
Sat Jun 07, 2014 6:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond investment choices at Fidelity
Replies: 19
Views: 1127

Re: Am I A Moron [savings account as an asset class]

i would encourage you to consider making sure you are getting as good a return as you can on the savings account. there are online savings accounts through GE Capital Bank, Discover Bank, Barclay's Bank, Ally Bank etc. that might provide a lot better interest rate than what you are receiving. or you...
by epictetus
Sat Jun 07, 2014 7:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Am I A Moron [savings account as an asset class]
Replies: 47
Views: 2885

Re: Help with 457b or taxable account

non-governmental 457s are very different than governmental 457. as you noted there is risk of loss of your money and they cannot be rolled into IRAs.

i would suggest skipping the non-governmental 457 and doing taxable investing instead.
by epictetus
Fri May 30, 2014 7:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with 457b or taxable account
Replies: 13
Views: 548
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