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Re: ...it is madness to risk losing what you need in pursuin

Meg77 wrote:Sometimes when you've been playing the game your whole life though, it's hard to quit even if you've won.


I like this point - well stated.
by friar1610
Mon Mar 02, 2015 5:18 pm
 
Forum: Investing - Theory, News & General
Topic: ...it is madness to risk losing what you need in pursuing wh
Replies: 33
Views: 2686

Re: Subaru and Consumer Reports ratings

I have lived in MA for a year and a half. Moved here from VT where I lived for 8 years. Subarus are the unofficial state car in VT - mostly Outbacks but plenty of Foresters too. People seem to love 'em in the cold, snowy weather. I still have the #2 unofficial state car for VT, a Volvo XC-70. But th...
by friar1610
Wed Feb 25, 2015 4:51 pm
 
Forum: Personal Consumer Issues
Topic: Subaru and Consumer Reports ratings
Replies: 87
Views: 6628

Re: Income tax on MF capital gains?

You might also consider the safe harbor..........the easiest is to pay 100% of last yrs taxes (110% if AGI > 150K) ...... http://fairmark.com/estimate/howmuch.htm if it makes sense to do so.......again by increasing your withholding. If your MF gains are large, you might only have to pay a small pa...
by friar1610
Tue Feb 24, 2015 10:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Income tax on MF capital gains?
Replies: 4
Views: 398

Income tax on MF capital gains?

I'm wondering how others handle paying income taxes (federal and state) on the capital gains derived from the redemption of mutual funds. I'm retired but I don't do quarterly estimated income taxes because I don't want to have to think about them. I've set up the withholding from my military pension...
by friar1610
Mon Feb 23, 2015 4:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Income tax on MF capital gains?
Replies: 4
Views: 398

Re: When you have won the game -- stop playing

In my experience, one of the biggest mistakes successful investors make is to get greedy trying to get more. I know. My multi-millionaire grandfather died bankrupt. I am in late retirement. Money that I can't afford to lose is my bond allocation. The rest in stock funds which I don't worry about. B...
by friar1610
Sun Feb 22, 2015 1:55 pm
 
Forum: Investing - Theory, News & General
Topic: [What to do at] Market Top
Replies: 57
Views: 4930

Re: [What to do at] Market Top

I sold a small chunk of my only domestic equity holding - TSM - last week but only because my asset allocation was getting a bit heavy on equities vs. my plan. Had considered doing so at the end of the calendar year but didn't. Glad I waited a little longer. AAs are now back where I want them: 45% e...
by friar1610
Sat Feb 21, 2015 9:20 pm
 
Forum: Investing - Theory, News & General
Topic: [What to do at] Market Top
Replies: 57
Views: 4930

Re: 20% of portfolio in High Yield Bonds?

I may be misremembering, but I seem to recall that Rick Ferri (in the context of talking about international bonds) has advised to take risk on the equity side, not on the FI side. Is advocating 20% to HY bonds a contradiction to this advice? Particularly when they are often roughly correlated with...
by friar1610
Thu Feb 19, 2015 3:45 pm
 
Forum: Investing - Theory, News & General
Topic: 20% of portfolio in High Yield Bonds?
Replies: 32
Views: 1865

Re: 20% of portfolio in High Yield Bonds?

I may be misremembering, but I seem to recall that Rick Ferri (in the context of talking about international bonds) has advised to take risk on the equity side, not on the FI side. Is advocating 20% to HY bonds a contradiction to this advice? Particularly when they are often roughly correlated with ...
by friar1610
Thu Feb 19, 2015 10:45 am
 
Forum: Investing - Theory, News & General
Topic: 20% of portfolio in High Yield Bonds?
Replies: 32
Views: 1865

Re: "How to Fix a Client Portfolio"

Here's one other thing to be wary of. I got caught up in it last year although not because of muni-bonds/tax-free income. If you are on Medicare, you may pay more every month (in premiums for Part B) if you have higher income. For example, if you have a joint income in the $170K - $214K range, you w...
by friar1610
Mon Feb 16, 2015 1:08 pm
 
Forum: Investing - Theory, News & General
Topic: "How to Fix a Client Portfolio"
Replies: 31
Views: 2326

Re: ingress,egress,easement

I ran into an easement issue with a property I no longer own. In some states there is a thing called a prescriptive easement. That means that if a person has been using another person's property for X amount of time (measured in years and I suppose it varies by state) without any objection from the ...
by friar1610
Sat Feb 14, 2015 3:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: ingress,egress,easement
Replies: 16
Views: 1636

Re: Social Security as a bond?

I've read about SS and pensions as bonds over the years and it never made a lot of sense to me personally. Instead I've figured out how much a year I need to live on. From that I subtract the annual value of my SS and pension. That produces a number I may need to make up from my portfolio. Then I al...
by friar1610
Thu Feb 12, 2015 8:18 pm
 
Forum: Investing - Theory, News & General
Topic: Social Security as a bond?
Replies: 47
Views: 3177

Re: Vanguard survey: what should they do differently?

I wish they would do financial plans/reengineer their Portfolio Advisory Service (PAS) to include all of one's assets, not just those held at Vanguard. Many of us have CDs, I-Bonds, etc. that we consider part of our overall financial picture. Why can't Vanguard include these when they develop a plan...
by friar1610
Wed Feb 04, 2015 11:05 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard survey: what should they do differently?
Replies: 72
Views: 4245

Re: Replacing a reliable Toyota

I don't have an Outback but that is #1 on my list of potential next cars. I have a Volvo XC-70 (essentially a station sago with AWD) that I'm pretty happy with. But Volvos are getting too pricey for me and I don't plan to buy another one. Before living in MA I lived in VT for 8 years. The Outback a...
by friar1610
Tue Feb 03, 2015 8:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Replacing a reliable Toyota
Replies: 43
Views: 4049

Re: Help - DH's bank wants to switch his RMD to VALIC

I used to have a 403(b) with VALIC and I don't have a high opinion of that company. Fees galore Quite a few years ago I did an analysis of the VALIC plan offered in the 403B where my daughter worked. My conclusion was that it was a good outfit to stay away from. As the poster above says, high fees....
by friar1610
Mon Feb 02, 2015 4:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help - DH's bank wants to switch his RMD to VALIC
Replies: 13
Views: 929

Re: 60 Day rollover cash

I haven't done any of the things you are fanticizing about. But I have done something similar. Twice in the past 10 years I was in the position of wanting to buy a new house for cash. In both cases I had not sold my then-current house before the closing date on the new house. I scraped together enou...
by friar1610
Mon Feb 02, 2015 4:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: 60 Day rollover cash
Replies: 9
Views: 746

Re: Replacing a reliable Toyota

I would consider a Subaru Outback. All Subaru vehicles come with four-wheel-drive standard. My uncle lives in the North. He bought one to handle the snow and for outdoorsy things. Subaru is Japanese like Honda/Toyota, and fairly reliable. I don't have an Outback but that is #1 on my list of potenti...
by friar1610
Mon Feb 02, 2015 4:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Replacing a reliable Toyota
Replies: 43
Views: 4049

Re: What was your costliest investment mistake?

Starting my investing career with USPA-IRA (now First Command). This is a "financial planning" company that targets the military. The mutual fund they got me investing in was a front-load, expensive contractual Fidelity fund that was only sold through advisors such as them. I think the loa...
by friar1610
Wed Jan 14, 2015 2:59 pm
 
Forum: Investing - Theory, News & General
Topic: What was your costliest investment mistake?
Replies: 119
Views: 9761

Re: House buying protocols

One other factor here...if the prospective buyer is going to take out a mortgage, the bank lending the money will require an appraisal. But they will want to use their own preferred appraiser. So in your scenario the buyer would pay for an appraisal once before the offer and again when he had to pay...
by friar1610
Thu Jan 08, 2015 5:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: House buying protocols
Replies: 13
Views: 1616

Re: Novice needs help understanding ING Annuity

dhodson-- All I know about a 1035 exchange is what I just read on the Boglehead Wiki. If I understand correctly, she could use the $65000 MGIB to buy an annuity from another provider (i.e.: through Vanguard). Is this correct? Other than getting a better deal than what Voya offers, does this have a ...
by friar1610
Thu Jan 08, 2015 4:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Novice needs help understanding ING Annuity
Replies: 19
Views: 1650

Re: Early (in the year) RMD from inherited IRAs

Wow. I didn't do all this analysis when I recently signed up with Vanguard to have them compute and remit my RMDs starting in 2015. I just told them to transfer 25% of it each quarter to my taxable MMF from which I can then make further decisions on what to do with it. My Rollover IRA is almost enti...
by friar1610
Wed Jan 07, 2015 4:09 pm
 
Forum: Investing - Theory, News & General
Topic: Early (in the year) RMD from inherited IRAs
Replies: 11
Views: 1152

Re: Was it a mistake to move into PenFed 5-year CDs a year a

Looking in the rear view mirror is not the way to determine if it was a mistake or not. You have to look at why you invested in these CDs in the first place. If you used sound reasoning and it meets your investment plan it was not a mistake. "...the serenity to accept the things I cannot chang...
by friar1610
Wed Jan 07, 2015 4:03 pm
 
Forum: Investing - Theory, News & General
Topic: Was it a mistake to move into PenFed 5-year CDs a year ago?
Replies: 55
Views: 4932

Re: Poll: Do you own I Bonds?

I got some before around 2000, when the fixed rate part was 3%. I'm keeping them. I just count them as short term bonds I was fortunate to buy a bunch at the 3.4% rate. I consider them long-term bonds as I don't plan on cashing them in for a long time. But (and here's the beauty of these babies) if...
by friar1610
Tue Jan 06, 2015 6:07 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Do you own I Bonds?
Replies: 62
Views: 5538

Re: Mortgage or Equity Line of Credit?

Had a situation similar to yours. Owned (with no mortgage) a house in VT; wanted to move to MA and pay cash for the house there. VT house wasn't selling, we wanted to get on with the move, but I didn't wanted to tap investments and pay CG taxes unnecessarily to scrape up cash to put together purchas...
by friar1610
Sat Dec 20, 2014 3:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage or Equity Line of Credit?
Replies: 2
Views: 469

Re: How FINRA saved my Grandma's bacon

FINRA puts out some good educational information. Several years ago when I lived in Vermont I used to do presentations for senior citizens (of which I am one) on "Outsmarting Financial Fraud." It was a joint program of AARP and FINRA and sought to help seniors avoid the most common financi...
by friar1610
Tue Dec 16, 2014 9:45 am
 
Forum: Investing - Theory, News & General
Topic: How FINRA saved my Grandma's bacon
Replies: 21
Views: 2064

Re: Withholding of Taxes on MRDs

Vanguard will withhold whatever percentage you wish from an RMD distribution. I have elected everything from nothing to 100%. The option will come up when you request a distribution. I don't believe they will withhold state income tax. Gill Thank you. Some states require state income tax withholdin...
by friar1610
Mon Dec 08, 2014 2:43 pm
 
Forum: Investing - Theory, News & General
Topic: Withholding of Taxes on MRDs
Replies: 8
Views: 604

Re: Withholding of Taxes on MRDs

Gill wrote:Vanguard will withhold whatever percentage you wish from an RMD distribution. I have elected everything from nothing to 100%. The option will come up when you request a distribution. I don't believe they will withhold state income tax.
Gill



Thank you.
by friar1610
Mon Dec 08, 2014 2:30 pm
 
Forum: Investing - Theory, News & General
Topic: Withholding of Taxes on MRDs
Replies: 8
Views: 604

Withholding of Taxes on MRDs

In the past when I've liquidated VG mutual funds from my taxable accounts I've checked to see if I could have them withhold Federal and/or State income taxes on those withdrawals and, from what I could tell, they don't do that. My question concerns the same on Minimum Required Distributions (MRDs) f...
by friar1610
Mon Dec 08, 2014 2:22 pm
 
Forum: Investing - Theory, News & General
Topic: Withholding of Taxes on MRDs
Replies: 8
Views: 604

Re: Penfed December cd rates released - Down

Shucks! I've been sitting on some cash for about 6 months waiting for a good deal from PenFed in Dec. Bah humbug! Guess I'll have to go to Plan B, using my other favorite CU (Navy Federal). 5 year CDs range between 2.05 and 2.15 APY depending on the amount invested, 2.05 for the amount I have. There...
by friar1610
Mon Dec 01, 2014 11:38 am
 
Forum: Investing - Theory, News & General
Topic: Penfed December cd rates released - Down
Replies: 6
Views: 1329

Fin Firms Lobby vs. Stricter Protections; Boston Globe

Article from Sunday's Boston Globe: WASHINGTON — The sting operation had the trappings of a Wall Street thriller, except that it was run by a team of Harvard and MIT economists. In an audacious experiment, the professors dispatched a squad of undercover operatives across Cambridge and Boston to pose...
by friar1610
Tue Nov 18, 2014 11:18 am
 
Forum: Investing - Theory, News & General
Topic: Fin Firms Lobby vs. Stricter Protections; Boston Globe
Replies: 1
Views: 220

Re: An alternative to alternative investments

When I clicked on the mutual fund symbol in the article it took me to M* where it says the minimum initial investment is $5.0 mil. Is that right?
by friar1610
Tue Nov 18, 2014 10:55 am
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 307
Views: 36056

Re: Condominium Board of Trustees

Thanks for all the replies and advice.
by friar1610
Wed Nov 05, 2014 12:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Condominium Board of Trustees
Replies: 7
Views: 1094

Condominium Board of Trustees

Not exactly related to personal finance, but seeking any advice from those who have "been there, done that." Our small condominium community (14 units) has recently sold out and control of the condominium trust will shortly transfer from the developer/builder to the owners of the units. I ...
by friar1610
Tue Nov 04, 2014 3:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Condominium Board of Trustees
Replies: 7
Views: 1094

Re: Does Jack Bogle really advocate against reblance?

Rebalancing is unlikely to improve returns, since over time you will be selling higher-returning stocks to buy bonds. However, stocks are also more volatile than bonds so portfolio volatility will likely increase if you don't rebalance because the allocation to stocks has drifted higher. If you're ...
by friar1610
Fri Oct 31, 2014 7:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does Jack Bogle really advocate against rebalance?
Replies: 54
Views: 5955

Re: Career change: realistic expectations and risks

Caveats: I have been completely retired and out of the defense industry for >10 years. I am not nor was I ever a "techie." I am a retired military officer (28+ years) who worked in the defense industry for about 7 years before retiring for good. You didn't say what your specialty is in the...
by friar1610
Fri Oct 31, 2014 1:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Career change: realistic expectations and risks
Replies: 27
Views: 2965

Re: Withholding tax on bonds

Are you perhaps confusing withholding with whether or not something is taxable? The interest on US Government Bonds is taxable. (Granted they might not be taxable immediately if held within a tax-advantaged account such as an IRA or a 401K but the tax will eventually come due.) If something is taxab...
by friar1610
Sat Sep 27, 2014 6:23 pm
 
Forum: Investing - Theory, News & General
Topic: Withholding tax on bonds
Replies: 3
Views: 308

Re: "Here Come the Bogleheads" by Jason Zweig

Nice article. Thanks for posting.
by friar1610
Fri Sep 19, 2014 3:34 pm
 
Forum: Investing - Theory, News & General
Topic: "Here Come the Bogleheads" by Jason Zweig
Replies: 10
Views: 2119

AARP Bulletin mentions Bogleheads Guide to Retirement Planni

The current AARP Bulletin (which came in yesterday's mail) has a series of articles under the general category of preparing for a happy retirement. It lists 5 steps, each of which has a short article. Step 2 is "Educate Yourself." Included in the article are 5 recommended books to assist i...
by friar1610
Wed Sep 10, 2014 7:48 pm
 
Forum: Investing - Theory, News & General
Topic: AARP Bulletin mentions Bogleheads Guide to Retirement Planni
Replies: 11
Views: 847

Re: Subaru Blues

flyingbison wrote:Friar, you might want to check out the forums at subaruoutback.org Keep in mind that the 2015 model was a redesign, so it will probably take a while for the quirks/problems of the current generation to surface.



Thank you; I'll do that.
by friar1610
Fri Aug 29, 2014 7:28 pm
 
Forum: Personal Consumer Issues
Topic: Subaru Blues
Replies: 87
Views: 8642

Re: Subaru Blues

Interesting thread for me. I currently have a 2005 Volvo XC-70 (AWD) wagon. Bought it when I lived in Vermont because I wanted the AWD for the snow and good rooftop carrying capacity for our kayaks. It's been a decent car but Volvos have gotten a bit too pricey for me. Only have 125K miles on it so ...
by friar1610
Fri Aug 29, 2014 3:20 pm
 
Forum: Personal Consumer Issues
Topic: Subaru Blues
Replies: 87
Views: 8642

Re: Vanguard Personall Advisory Service (VPAS) - Anyone used

I haven't actually used it. But I did have a Vanguard Personal Advisory Investment Plan done recently with a view toward getting my investments as simplified and balanced as possible with the objective of having my wife use VPAS if I predecease her. Or my using it if I get to the point when I'm no l...
by friar1610
Fri Aug 29, 2014 2:52 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Personall Advisory Service (VPAS) - Anyone used?
Replies: 2
Views: 659

Re: When did you hear of Bill Miller and Legg Mason Value Tr

Around 1998 (give or take a year or so) I was living in the Baltimore area and working in a job I didn't really love. I saw an ad by Legg-Mason for financial planners and sent in a resume. I was contacted by one of their people and, since I was a retired Naval officer, was put in touch with another ...
by friar1610
Sat Aug 23, 2014 2:44 pm
 
Forum: Investing - Theory, News & General
Topic: When did you hear of Bill Miller and Legg Mason Value Trust?
Replies: 32
Views: 2552

Re: I-bonds have doubled !!! thanx mel/taylor

This thread prompted me to check Treasury Direct. The I-Bonds that I bought in Feb and Apr of 2001 have more than doubled. They were 3.4%. That was before I discovered Bogleheads; I learned about them from posts on The Motley Fool's Retire Early Home Page. I've since bought a few more at lower rates...
by friar1610
Tue Aug 12, 2014 4:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: I-bonds have doubled !!! thanx mel/taylor
Replies: 26
Views: 4512

Re: PenFed Visa Foreign Transaction Fee

Took a Danube River cruise in June. Used the PenFed Visa a few times. No foreign transaction fees.
by friar1610
Tue Aug 05, 2014 1:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: PenFed Visa Foreign Transaction Fee
Replies: 7
Views: 875

Re: negotiating fees with a real estate agent?

As other posters have said, things are always negotiable but you have to ask. I've bought and sold a number of houses. Here are a few things I've done at various times: - Negotiated the 6% commission down to 5% pure and simple. - Negotiated the 6% commission down to 4.5% or 5% if the listing agent a...
by friar1610
Mon Jul 28, 2014 2:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: negotiating fees with a real estate agent?
Replies: 14
Views: 2116

Re: "A Portfolio Checkup in 6 Steps"

gvsucavie03 wrote:Here's the BH 3-fund portfolio checkup:

1. look at current holdings
2. look at desired AA
3. rebalance (if needed) with tax efficiency and costs in consideration
4. don't check again for 6 months
5. read a book

:happy


Amen again.
by friar1610
Fri Jul 18, 2014 3:53 pm
 
Forum: Investing - Theory, News & General
Topic: "A Portfolio Checkup in 6 Steps"
Replies: 4
Views: 896

Re: "A Portfolio Checkup in 6 Steps"

Taylor Larimore wrote:
Makes one appreciate The Three Fund Portfolio.

Best wishes.
Taylor


Amen.
by friar1610
Fri Jul 18, 2014 3:53 pm
 
Forum: Investing - Theory, News & General
Topic: "A Portfolio Checkup in 6 Steps"
Replies: 4
Views: 896

Re: Adding Corporates to Total Bond Market Index

Thanks for all the helpful responses to my initial question. Like most topics having to do with investing, there are a wide variety of opinions. My question was partly prompted by a recent VG financial plan I had done in which there was a recommendation to move some of my TBM assets to both IT IG an...
by friar1610
Tue Jul 15, 2014 9:31 am
 
Forum: Investing - Theory, News & General
Topic: Adding Corporates to Total Bond Market Index
Replies: 76
Views: 7499

Re: Adding Corporates to Total Bond Market Index

The counter argument to this, and it is a pretty sound one, is that rather than tilting more towards corporates instead slightly increase your stock allocation if you need more "yield" - i.e. return. Recall especially how corporates, even highly rated ones, behave in a crisis. They tank. ...
by friar1610
Mon Jul 14, 2014 3:09 pm
 
Forum: Investing - Theory, News & General
Topic: Adding Corporates to Total Bond Market Index
Replies: 76
Views: 7499

Adding Corporates to Total Bond Market Index

John Bogle has recently suggested that investors who own funds composed primarily of Government bonds should consider adding more corporates to the mix. I believe he's also said that the VG Total Bond Market Index fund isn't truly a total bond fund because of its overweight to Government bonds. (Abo...
by friar1610
Mon Jul 14, 2014 1:48 pm
 
Forum: Investing - Theory, News & General
Topic: Adding Corporates to Total Bond Market Index
Replies: 76
Views: 7499

Re: Asset Allocation At or Near Retirement?

We (ages 69 and 67) recently had a VG financial plan done and they recommended 50-50. This is consistent with the answer I get when I do the on-line asset allocation quiz at VG. But I might be a little more comfortable with a bit less than 50% equities although I understand that the difference betwe...
by friar1610
Wed Jul 09, 2014 1:38 pm
 
Forum: Investing - Theory, News & General
Topic: Asset Allocation At or Near Retirement?
Replies: 51
Views: 5489
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