Search found 347 matches

Return to advanced search

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: 425

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: 2017

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: 585

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: 585

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: 585

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: 1281

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: 216

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: 205
Views: 20889

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: 1071

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: 1071

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: 5317

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: 2862

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: 298

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: 2106

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: 817

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: 8459

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: 8459

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: 624

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: 2522

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: 4496

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: 828

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: 2083

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: 895

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: 895

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: 7412

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: 7412

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: 7412

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: 5306

Re: Easy careers to last me to retirement?

Can you work at stores like Walmart or food places like McDonalds? lol.. don't think I can make $30k/yr at those places being a peon. even at more upscale places like starbucks I read a book a few years ago by a guy who lost his management job, then got divorced and finally ended up working at Star...
by friar1610
Tue Jul 08, 2014 12:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Easy careers to last me to retirement?
Replies: 92
Views: 14467

Re: Who will be the Vanguard of the annuity world?

Original question. Maybe Vanguard, but Vanguard is just the marketer not the underwriter. The question is Monumental Insurance, a div of TransAmerica, subsidary of AXA, what will be the payout? I have a Vanguard Variable Annuity. Won't go into all the reasons why and if I could walk that dog back I...
by friar1610
Fri Jul 04, 2014 1:34 pm
 
Forum: Investing - Theory, News & General
Topic: Who will be the Vanguard of the annuity world?
Replies: 27
Views: 3780

Re: Blog: Vanguard Personal Advisor Services

Hello, I did get my annual financial plan from being Flagship level at Vanguard and am considering the VPAS management. Just out of interest for the readers, the portfolio consisted of total US stock market index, total intl. stock market index, total bond market, total intl. bond market, intermedi...
by friar1610
Fri Jul 04, 2014 1:24 pm
 
Forum: Investing - Theory, News & General
Topic: Blog: Vanguard Personal Advisor Services
Replies: 35
Views: 9122

Re: Vanguard’s Personal Advisor Service.

Thank you, Taylor. The article states that VPAS is a big deal as a benchmark -- but it is also an attractive option for folks who need an advisor. I'm happy to DIY, but my wife doesn't know small value from safflower and doesn't want to know. So I plan to engage VPAS when my demise seems immanent. ...
by friar1610
Wed Jul 02, 2014 10:25 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard’s Personal Advisor Service.
Replies: 7
Views: 2102

Re: Military [Survivor Benefit Plan] and Other Mistakes

From a military retired: NEVER forgo the military survivor benefit option of military retirement, pick the option for a 55% survivor benefit NEVER bale out of the government TSP, it has index options with the lowest ER you can ever get. The government doesn't do everything right but the military re...
by friar1610
Sun Jun 22, 2014 4:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Military [Survivor Benefit Plan] and Other Mistakes
Replies: 22
Views: 1388

Re: The Death of Savings Bonds

I have some more recent I-Bonds with really crappy guaranteed rates. BUT, I have a bunch that I bought years ago that pay 3.4% + the inflation adjustment. I just LOVE those bonds.
by friar1610
Tue Jun 17, 2014 8:05 pm
 
Forum: Investing - Theory, News & General
Topic: The Death of Savings Bonds
Replies: 33
Views: 3575

Re: running shoes for a severe overpronator(flatfoot)

Could someone suggest a pair of running shoes for a person with flatfoot within $150? I have a broad forefoot and my current running shoes are pretty tight in the forefoot area. My favorite shoes (wear them for work and they fit very well) are addiction walkers (Brooks)- Size 12.5; 4E. Thank you fo...
by friar1610
Fri Jun 13, 2014 3:57 pm
 
Forum: Personal Consumer Issues
Topic: running shoes for a severe overpronator(flatfoot)
Replies: 45
Views: 3332

Re: As Bogelheads, a comforting thought for everyone....

Indeed. I've been trying to explain that to my spouse. He worried that we weren't saving money. I asked him what, exactly, did he want to save for? We're retired with enough guaranteed income from pensions & SS that we don't have to use our retirement accounts. Which are enough to live on if we...
by friar1610
Thu Jun 12, 2014 10:07 am
 
Forum: Personal Finance (Not Investing)
Topic: As Bogleheads, a comforting thought for everyone....
Replies: 46
Views: 4962

Re: I Bonds as a Short Term Investment

AND, if things don't get better for a long time, you might begin to view it as a longer term investment.
by friar1610
Mon Jun 09, 2014 5:40 pm
 
Forum: Investing - Theory, News & General
Topic: I Bonds as a Short Term Investment
Replies: 5
Views: 810

Re: Changed asset allocation from 60/40 to 50/50 today

freebeer, I am retired with my expenses covered almost completely by SS+pension. I chose 50/50. I look at it in two ways: ⋅ I can find NO convincing argument why I should have more stocks than bonds or vice-versa. Or perhaps it is better said that there are a LOT of reasonable arguments b...
by friar1610
Thu Jun 05, 2014 10:20 am
 
Forum: Investing - Theory, News & General
Topic: Changed asset allocation from 60/40 to 50/50 today
Replies: 56
Views: 5623

Future PenFed CD rates

Last December as part of a rebalancing I set up a 4 year CD ladder with PenFed (5 yr., 4 yr., 3 yr., 2 yr. maturities). Their rates, particularly for the 5 year issue, were pretty good at that time. I'd really wanted to do a 5 year ladder but didn't have quite enough money to do so. Fast forward and...
by friar1610
Thu Jun 05, 2014 10:05 am
 
Forum: Investing - Theory, News & General
Topic: Future PenFed CD rates
Replies: 9
Views: 1579

Re: What would be considered the best Boglehead car?

Any car under $30,000. My feeling is that the folks who buy new Accords and Camrys do not want to give them up after a mere 3 or 4 years. These are also not the kind of car that gets leased. I have no data for that though. In contract, wealthier folks like to drive newish cars and often lease them....
by friar1610
Fri May 23, 2014 5:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: What would be considered the best Boglehead car?
Replies: 43
Views: 4278

Trusted financial institutions

In the course of updating my estate planning documents recently, I got to thinking about the financial institutions I have dealt with over the years that I have particularly come to trust. I'm curious what institutions would be on others' lists. Here's mine: Investing: Vanguard, TIAA-CREF Banking: N...
by friar1610
Thu May 22, 2014 12:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trusted financial institutions
Replies: 3
Views: 418

Re: Vanguard’s Personal Advisor Service.

Thank you, Taylor. The article states that VPAS is a big deal as a benchmark -- but it is also an attractive option for folks who need an advisor. I'm happy to DIY, but my wife doesn't know small value from safflower and doesn't want to know. So I plan to engage VPAS when my demise seems immanent. ...
by friar1610
Mon May 19, 2014 9:19 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard’s Personal Advisor Service.
Replies: 7
Views: 2102

Re: Over-55 communities a ripoff?

My wife and I moved to a small over-55 community a bit less than a year ago. Our complex has 14 units, mostly duplex. Our circumstances were different than the typical downsizing from a house we'd lived in for 30 years, raised kids in, etc., etc. We wanted to relocate from the location in which we h...
by friar1610
Thu Apr 17, 2014 3:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Over-55 communities a ripoff?
Replies: 38
Views: 3204

Re: Did not have fun this year doing my taxes- TT

poundwise wrote:I too had less fun this year due to a mid-year move to a new state. TT was smooth for the Fed component, but was extremely unhelpful for the split state component.



+1
by friar1610
Thu Apr 17, 2014 10:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Did not have fun this year doing my taxes- TT
Replies: 42
Views: 4735

Re: Just had offer accepted on a house! (Advice pls!)

Assuming your accepted offer is pending inspection - hire a good inspector and have him nitpick the hell out of everything and attach a high dollar amount to every fix. Then use that info to pound the sellers into an even lower price. Once they are informed of defects, make sure you tell them they ...
by friar1610
Thu Apr 17, 2014 10:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Just had offer accepted on a house! (Advice pls!)
Replies: 29
Views: 2549

Re: Any Vermont Bogleheads? (Taxes)

I moved 6 months ago from VT to MA after living in VT for 8 years. Taxes were certainly not the primary reason for my move, but they were a contributing factor. You've gotten a lot of detailed info from previous posters already, so I won't repeat any of those details. I should add that my wife and I...
by friar1610
Sun Apr 06, 2014 4:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any Vermont Bogleheads? (Taxes)
Replies: 9
Views: 790

Re: tearing my hair out with multiple state tax return

I had to deal with both MA and VT this year. I have been a Turbo Tax user for years, but I found TT very confusing when dealing with 2 separate state returns. I ended up using TT for the Federal return and doing my two state returns the old fashioned way. My wife and I are retired, so our "sala...
by friar1610
Sun Apr 06, 2014 4:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: tearing my hair out with multiple state tax return
Replies: 11
Views: 2018

Re: William Bernstein-When you've won the game, why keep pla

azanon wrote:Been itching to buy that Lexus? Is there a better time than now for liquidating your US stock fund that has been on a tear for 5-6 years? Do it now, not after it crashes later this year. I'm digressing......


Not since Toyota has shown its true colors re: profits vs. customer safety!
by friar1610
Thu Mar 20, 2014 5:30 pm
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 264
Views: 34587

Re: Poll: When did you retire? Would you do it all over agai

I retired from the military at age 52. I had planned to take 90 days off before even looking for another job. It turned out to be closer to 120 days before I went to work, but that was fine. I worked for a couple of "Beltway Bandits" (defense contractors) over the next 6 years. They paid w...
by friar1610
Wed Mar 19, 2014 2:46 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: When did you retire? Would you do it all over again ?
Replies: 103
Views: 11880

Re: Vanguard Personal Advisor Services

I'm perfectly comfortable managing things myself. However, one of my concerns is that if I predecease my wife (which the actuaries say will probably happen), she will not be interested in/capable of keeping up with things. (She's smarter than I am when it comes to things she's interested in; in spit...
by friar1610
Sat Mar 08, 2014 9:03 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Personal Advisor Services
Replies: 26
Views: 4878
Next

Return to advanced search