Search found 403 matches

by friar1610
Fri Jun 26, 2015 2:58 pm
Forum: Investing - Theory, News & General
Topic: "Fight Financial Clutter"
Replies: 8
Views: 1364

Re: "Fight Financial Clutter"

Thanks Taylor, that is a good article. I find it just hit a spot with me. I have been struggling with helping a very elderly relative go for the highest yields with a variety of CDs at different banks. I'm on the verge of sacrificing some of that yield and using some brokered CDs through Vanguard f...
by friar1610
Tue Jun 16, 2015 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Cash in old insurance policy?
Replies: 6
Views: 672

Re: Cash in old insurance policy?

I'd say your plan doesn't make sense. You have an old whole life policy where in essence the major costs are now in the past and you plan to have your wife use this money after you die but instead of taking the income tax free return of the death benefit, you will 1035 exchange and now have to pay ...
by friar1610
Mon Jun 15, 2015 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Cash in old insurance policy?
Replies: 6
Views: 672

Cash in old insurance policy?

I have a $20,000 whole life policy that I bought in 1972. Its current cash value is $13,000. The premium is $284/yr. The annual dividend is normally at least twice the amount of the premium, so I have the premium automatically paid from the dividend with the remainder going to pay the premium on oth...
by friar1610
Sun Jun 14, 2015 8:51 pm
Forum: Investing - Theory, News & General
Topic: Change in Fidelity-oriented 403B plan
Replies: 5
Views: 346

Re: Change in Fidelity-oriented 403B plan

I found this on the web. It's a Fidelity brochure from Bowdoin College's 403B plan. Looks like the Freedom K Funds are no different than the original Freedom Funds - maybe just the class for 403Bs. Still too many funds within them. https://www.bowdoin.edu/hr/pdf/retirement-plan-Freedom-FundK-Brochur...
by friar1610
Sun Jun 14, 2015 8:42 pm
Forum: Investing - Theory, News & General
Topic: Change in Fidelity-oriented 403B plan
Replies: 5
Views: 346

Re: Change in Fidelity-oriented 403B plan

Question: Does anyone know what proportions of Fidelity's Spartan 500 Index (FUSVX) and Spartan Extended Market Index (FSEVX) one should hold to replicate Spartan Total Market Index (FSTVX)? That's a frequently asked question and the answer is in the wiki: http://www.bogleheads.org/wiki/Approximati...
by friar1610
Sun Jun 14, 2015 8:33 pm
Forum: Investing - Theory, News & General
Topic: Change in Fidelity-oriented 403B plan
Replies: 5
Views: 346

Change in Fidelity-oriented 403B plan

I only have one specific question at the end of the post, but I thought Bogleheads might find the following story interesting. Beginning of Story: My daughter works for a large organization in Boston whose 403B plan is Fidelity-dominated, not necessarily a bad thing. When she went to work for them y...
by friar1610
Fri Jun 05, 2015 11:13 am
Forum: Investing - Theory, News & General
Topic: Year long hiatus from Bogleheads: How I found the 3-fund portfolio was right for me
Replies: 40
Views: 5007

Re: Year long hiatus from Bogleheads: How I found the 3-fund portfolio was right for me

Hi bonaire27, I think it is Rick Ferri who says he makes changes at "glacial speed". Wise words. I'm usually pretty good at staying the course and am basically a 3 fund investor. But the past few weeks, probably from reading several of the threads floating around, I've been thinking serio...
by friar1610
Thu Jun 04, 2015 10:12 am
Forum: Personal Consumer Issues
Topic: Rowing Machines
Replies: 27
Views: 1962

Re: Rowing Machines

Another Concept 2 fan here. Don't own one but use one regularly at the gym.
by friar1610
Sat May 30, 2015 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Financial planning for your demise
Replies: 18
Views: 2789

Re: Financial planning for your demise

Have RMDs set up automatically (maybe with tax deducted) to come to your checking account starting now. Then do with it what you wish for now but it would be income coming in for her already set up. An arrangement such as this would terminate at your death. Gill Agree. But she will probably convert...
by friar1610
Sat May 30, 2015 3:51 pm
Forum: Investing - Theory, News & General
Topic: International Bond Fund - Updated Thoughts
Replies: 28
Views: 2393

Re: International Bond Fund - Updated Thoughts

Will holding international bonds destroy your portfolio? Unlikely. Is there any reason to add them right now? Not really. If you have them in a target date fund, don't bother changing anything, but if you're simulating a target date fund just leave them out. If international bond yields go way up, ...
by friar1610
Sat May 30, 2015 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Financial planning for your demise
Replies: 18
Views: 2789

Re: Financial planning for your demise

Friar, I could have been writing 90%+ of your post. Sounds like you do not have the military SBP... Tom, I probably wasn't crystal clear in my original post. I did elect military SBP but took it at less than the full amount. I just checked my RAS and did the math - she will get 37% of my retirement...
by friar1610
Fri May 29, 2015 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Financial planning for your demise
Replies: 18
Views: 2789

Financial planning for your demise

This post is somewhat related to the recent thread which debated DIY vs. using an advisor. I am wondering what sort of plans others in roughly the same situation as me to ensure their spouses are able to manage the remaining financial assets. My situation: I'm a retired, committed Boglehead who is s...
by friar1610
Fri May 15, 2015 3:23 pm
Forum: Investing - Theory, News & General
Topic: Best Asset Allocation if you've "won the game"
Replies: 86
Views: 8983

Re: Best Asset Allocation if you've "won the game"

Most of our needs are taken care of by a pension and two SS checks. The portfolio is mainly for big trips and for my wife, should I predecease her. (She would lose her SS and start drawing mine; the SBP on the pension is considerably less than the pension.) So I have kept it at about 45% equity/50% ...
by friar1610
Fri May 15, 2015 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody know of a good no-cost HELOC?
Replies: 10
Views: 950

Re: Anybody know of a good no-cost HELOC?

I took out a HELOC with USAA Federal Savings Bank (San Antonio, TX) on House A to help me buy House B for cash. After I accessed the HELOC I put House A on the market and the HELOC was retired at closing when House A sold. USAA took care of the closing costs. I don't recall if I had to pay any picky...
by friar1610
Fri May 08, 2015 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Credit union question
Replies: 16
Views: 1737

Re: Credit union question

They most definitely are selling the mortgages. They just may not be selling the servicing rights . Credit unions are accessing cash from depositors and therefore, they can't have their cash tied up in a loan since deposits are demand accounts and CUs don't have access to the debt or equity markets...
by friar1610
Thu May 07, 2015 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Easy careers to last me to retirement?
Replies: 141
Views: 17426

Re: What job to get to coast to Retirement at age 59 1/2?

About me: Age = 44, single, no kids, no debt except house ($40k). Unemployed for a year. Am on subsidized Obamacare silver plan. (Thx Obama) :D Location = DC metro area IRA/Roth = $425k (Total bonds = 30%, Total Intl = 25%, Total market = 40%, REITs = 5%) after tax $ = $100k ($50k in Healthcare mut...
by friar1610
Thu May 07, 2015 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Credit union question
Replies: 16
Views: 1737

Re: Credit union question

Many credit unions hold onto their mortgages and do not sell them, so they don't end up bundled. I would agree that most CU hold onto the servicing of the loan, unlike some of their bank counterparts. But how would you determine this if the CU actually held onto the loan? From a customer viewpoint ...
by friar1610
Wed May 06, 2015 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Credit union question
Replies: 16
Views: 1737

Re: Credit union question

I would be concerned with rates and the level of service. Most CU have to be small so sharing branch offices is one way to feel bigger. I can't see why this is would be a issue. Most mortgages get bundled up and put in CMOs. For most banks this means Freddie Mac or Fannie Mae. No real difference he...
by friar1610
Wed May 06, 2015 10:25 am
Forum: Investing - Theory, News & General
Topic: Meeting to improve 403b with our plan administrator
Replies: 13
Views: 1050

Re: Meeting to improve 403b with our plan administrator

I tried to help my daughter do this years ago but failed. She was a nurse at ABC Hospital which is the teaching hospital for ABC University Medical School. (Both are preeminent institutions.) ABC University (where my wife was also working at the time) had TIAA-CREF and Vanguard both as 403B options....
by friar1610
Wed May 06, 2015 10:16 am
Forum: Investing - Theory, News & General
Topic: Vanguard Personal Advisor Services now live
Replies: 38
Views: 5946

Re: Vanguard Personal Advisor Sevices now live

Let's turn your question around a little bit: What is the target audience or typical client that would choose this service? And how would a company like Vanguard reach them or what would lead them to Vanguard? I would have no interest in this now but I can imagine a time when I or my wife may be in...
by friar1610
Fri May 01, 2015 3:26 pm
Forum: Investing - Theory, News & General
Topic: What do you consider "cash"
Replies: 32
Views: 2513

Re: What do you consider "cash"

Up to now I've thought that CDs are "cash" but reading some of the posts lately I get the impression that they are more in the bond category. Is this correct? If so, I'm not holding as much cash as I thought. Thoughts, comments? Depending on how you use CDs I think you can call them eithe...
by friar1610
Fri Apr 24, 2015 7:05 am
Forum: Investing - Theory, News & General
Topic: VIGIX unbalanced? [Vanguard Growth Index]
Replies: 20
Views: 1162

Re: VIGIX unbalanced?

That's the nature of all cap-weighted indexes. The larger a stock's capitalization, the greater its percentage of the total index.
by friar1610
Sun Apr 19, 2015 11:56 am
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 149
Views: 13981

Re: John Bogle's Don't Peek Challenge

I know I spend too much time checking my portfolio at Vanguard (multiple times per week). (I have the site set up with linked accounts so that my bank accounts, etc. are all displayed there giving me a total financial picture on one web site.) I've decided to try checking it only once per quarter go...
by friar1610
Thu Apr 16, 2015 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Do you wish you retired earlier?
Replies: 28
Views: 3793

Re: Do you wish you retired earlier?

Retired at 58 from second "career" (after having retired from military at 51.) Wish I had retired earlier from post-military job as, in retrospect I could have afforded to and I didn't really enjoy it that much. However, if wishes were horses, I wish I had found a more satisfying 2nd caree...
by friar1610
Sat Apr 11, 2015 10:11 am
Forum: Investing - Theory, News & General
Topic: International Investing
Replies: 65
Views: 4819

Re: International Investing

On a side note, I'm surprised that you missed all the headlines and chatter about people worrying about a "bubble" in the Australian real estate market: "RBA's hands tied as property prices go through the roof" http://www.smh.com.au/money/investing/rbas-hands-tied-as-property-pr...
by friar1610
Thu Apr 09, 2015 3:23 pm
Forum: Investing - Theory, News & General
Topic: International Investing
Replies: 65
Views: 4819

International Investing

This is a completely unsophisticated observation that has no figures whatsoever to back it up. I just got back from a vacation to New Zealand and Australia. While there I read the business and real estate sections of the local papers, kept an eye out for the amount of new commercial construction und...
by friar1610
Thu Apr 09, 2015 3:10 pm
Forum: Investing - Theory, News & General
Topic: Wall Street Fees Wipe Out $2.5 Billion in NYC Pensions
Replies: 17
Views: 2714

Re: Wall Street Fees Wipe Out $2.5 Billion in NYC Pensions

Quite a few years ago I had the occasion to look more closely at the fees paid to companies managing the 403B plans for teachers, nurses, etc. I came away from that shocked at how much was ending up in the coffers of the insurance companies managing the annuities which form the basis of those pensio...
by friar1610
Wed Apr 08, 2015 1:05 pm
Forum: Investing - Theory, News & General
Topic: These 5 Vanguard Index Funds Are All You Need
Replies: 8
Views: 3402

Re: These 5 Vanguard Index Funds Are All You Need

In the Little Book of Common Sense investing he also feels Slice and Dice may come out ahead some years, but if you push too far, you stand the chance of falling short of what the market will give you. When I transfer my 401K to my IRA when I retire, I plan to either own two Vanguard Funds or One. ...
by friar1610
Wed Mar 11, 2015 3:03 pm
Forum: Investing - Theory, News & General
Topic: Bond fund or CD Ladder
Replies: 16
Views: 2193

Re: Bond fund or CD Ladder

I don't think it's "either-or." I have a couple of VG bond funds, a CD ladder (not with VG but with two separate credit unions) and a chunk of I-Bonds. Together constitute the fixed investment portion of my portfolio. I think each vehicle has its strengths and weaknesses and I'm comfortabl...
by friar1610
Mon Mar 09, 2015 3:37 pm
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 235
Views: 26493

Re: International increase in Target Retirement & LifeStrate

You can't use these funds to "set and forget" if they continually change the allocation. They are useless for all but the least involved investor. Bingo. :beer Yeah; I agree. I have a Vanguard Variable Annuity that holds the Life Cycle Conservative Growth portfolio, a clone of the similar...
by friar1610
Mon Mar 09, 2015 11:22 am
Forum: Investing - Theory, News & General
Topic: Vanguard et al disintermediated?
Replies: 39
Views: 3037

Re: Vanguard et al disintermediated?

From the article: (Bolding is mine) Certainly, the investor may still want to own the diversified exposure of the index, but that can be accomplished by simply buying all of the underlying securities directly. In other words, you wouldn’t own the S&P 500 Index Fund, you’d just push a button and ...
by friar1610
Sat Mar 07, 2015 9:22 pm
Forum: Investing - Theory, News & General
Topic: interest rate increase looming. what you gonna do ?
Replies: 65
Views: 6999

Re: interest rate increase looming. what you gonna do ?

peppers wrote:If rates rise in the spring I will be getting the vegetable garden ready.

If rates rise in the summer I will be maintaining the vegetable garden.

If rates rise in the fall I will be harvesting from the vegetable garden.

Its all according to the vegetable plan.


Great post!
by friar1610
Fri Mar 06, 2015 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: If you have $1 million...
Replies: 65
Views: 6804

Re: If you have $1 million...

I tend toward durable, non-flashy cars with more emphasis on reliability than style/luxury. Have had 3 Volvos during my life, a couple of Hondas, 1 VW Rabbit, a Lexus and a few GM cars Last I checked those Volvos cost the about the same as the equivalent BMW or Mercedes. I wouldn't consider any <60...
by friar1610
Fri Mar 06, 2015 10:02 am
Forum: Personal Finance (Not Investing)
Topic: If you have $1 million...
Replies: 65
Views: 6804

Re: If you have $1 million...

No relationship whatsoever between my portfolio size/income and cars. I keep cars minimum of 10 years. I tend toward durable, non-flashy cars with more emphasis on reliability than style/luxury. Have had 3 Volvos during my life, a couple of Hondas, 1 VW Rabbit, a Lexus and a few GM cars. I've bought...
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: 48
Views: 5639

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
Wed Feb 25, 2015 4:51 pm
Forum: Personal Consumer Issues
Topic: Subaru and Consumer Reports ratings
Replies: 100
Views: 10435

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
Tue Feb 24, 2015 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Income tax on MF capital gains?
Replies: 4
Views: 479

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
Mon Feb 23, 2015 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Income tax on MF capital gains?
Replies: 4
Views: 479

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
Sun Feb 22, 2015 1:55 pm
Forum: Investing - Theory, News & General
Topic: [What to do at] Market Top
Replies: 57
Views: 5902

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
Sat Feb 21, 2015 9:20 pm
Forum: Investing - Theory, News & General
Topic: [What to do at] Market Top
Replies: 57
Views: 5902

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
Thu Feb 19, 2015 3:45 pm
Forum: Investing - Theory, News & General
Topic: 20% of portfolio in High Yield Bonds?
Replies: 32
Views: 2252

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: 2252

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
Mon Feb 16, 2015 1:08 pm
Forum: Investing - Theory, News & General
Topic: "How to Fix a Client Portfolio"
Replies: 31
Views: 2641

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
Sat Feb 14, 2015 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: ingress,egress,easement
Replies: 16
Views: 1950

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
Thu Feb 12, 2015 8:18 pm
Forum: Investing - Theory, News & General
Topic: Social Security as a bond?
Replies: 47
Views: 3632

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
Wed Feb 04, 2015 11:05 am
Forum: Investing - Theory, News & General
Topic: Vanguard survey: what should they do differently?
Replies: 72
Views: 4814

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
Tue Feb 03, 2015 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Replacing a reliable Toyota
Replies: 43
Views: 4526

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
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: 1024

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 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: 60 Day rollover cash
Replies: 9
Views: 810

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 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Replacing a reliable Toyota
Replies: 43
Views: 4526

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...

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