Search found 440 matches

by friar1610
Wed Aug 26, 2015 9:59 am
Forum: Investing - Theory, News & General
Topic: John Greaney reviews Vanguard Personal Advisor Services
Replies: 14
Views: 1827

Re: John Greaney reviews Vanguard Personal Advisor Services

These kinds of analyses tend to depress me. For some time now I've considered pursuing a CFP or CFA and provide financial help to people on a part-time basis in retirement in a way that doesn't fleece them. But it's hard to come up with a way to charge for the service that makes sense for everyone ...
by friar1610
Tue Aug 25, 2015 8:47 pm
Forum: Investing - Theory, News & General
Topic: John Greaney reviews Vanguard Personal Advisor Services
Replies: 14
Views: 1827

Re: John Greaney reviews Vanguard Personal Advisor Services

Some people need hand-holding, and a service like Vanguard PAS (and some robo-advisors) are among the lowest cost ways to have someone do that. I was one of the early followers of John Greaney's (even before his REHP moved to The Motley Fool where it was finally destroyed by people wanting to post ...
by friar1610
Tue Aug 25, 2015 7:30 am
Forum: Investing - Theory, News & General
Topic: Is it my imagination?
Replies: 14
Views: 1597

Re: Is it my imagination?

I think it's a mix. On one hand I've seen a number of articles as mentioned by the OP. On the other, I'm seeing the term "crash" being used extensively (and inappropriately.)
by friar1610
Mon Aug 24, 2015 7:28 pm
Forum: Investing - Theory, News & General
Topic: The Bogleheads' Silent Majority
Replies: 189
Views: 14968

Re: The Bogleheads' Silent Majority

I posted on another thread last week that I had revised my AA DOWN TO 40/60 to be more in line with my age (70). Also said I had mapped out a glide path to take me down to 30% over the next 10 years (if I live that long.) Mr. Market has certainly given me a nice head start on my glide path the past ...
by friar1610
Fri Aug 21, 2015 8:49 pm
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 181
Views: 23866

Re: Bernstein: "If you've won the game, stop playing."

I've jyust completed a "strategic realignment" in which I reduced our equity holdings down to 40% (I'm 70; spouse is 68). Also mapped out a glide path to reduce to 30% over the next 10 years (assuming I'm still around then.) Well, this week certainly gave me a head start on my glide path ...
by friar1610
Fri Aug 21, 2015 12:05 pm
Forum: Investing - Theory, News & General
Topic: NYT: Selloff May Not be a Bad Thing
Replies: 1
Views: 811

NYT: Selloff May Not be a Bad Thing

Good, reasonable (IMO) New York Times article about the selloff of the past week (and continuing today): http://www.nytimes.com/2015/08/22/upshot/this-weeks-market-sell-off-may-not-be-such-a-bad-thing.html?hp&action=click&pgtype=Homepage&module=first-column-region&region=top-news&...
by friar1610
Thu Aug 20, 2015 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Combining IRAs
Replies: 4
Views: 436

Re: Combining IRAs

friar, The 5498 forms will show your contribution amount each year,but not whether it is deductible or not. The IRS only accepts Form 8606 to document your or your spouse's non deductible contributions. This form must be filed for each year in which non deductible TIRA contributions were made. You ...
by friar1610
Wed Aug 19, 2015 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Combining IRAs
Replies: 4
Views: 436

Re: Combining IRAs

. People used to advocate keeping rollover and contributory IRAs separate to preserve your flexibility to roll the rollover money back into a qualified plan. That is no longer the law, but some qualified plans still have that rule, allowing rollovers into the plan only from rollover IRAs, not contr...
by friar1610
Wed Aug 19, 2015 12:39 pm
Forum: Investing - Theory, News & General
Topic: How many here follow Bogle's "no international" theory?
Replies: 82
Views: 5119

Re: How many here follow Bogle's "no international" theory?

About 22% international stock at the moment. I will happily keep it in the 20-25% range. No international bonds and unable to see a convincing reason for going there at all.
by friar1610
Wed Aug 19, 2015 12:35 pm
Forum: Investing - Theory, News & General
Topic: Vermont 529 Plan
Replies: 0
Views: 97

Vermont 529 Plan

I've had Vermont 529 plans for my grandchildren for a number of years. The plan was managed by TIAA-CREF so, naturally, all the investment choices were TIAA-CREF (not the worst choices in the world but not Vanguard.) There was a nice tax credit on the VT income tax so even though the plan was more e...
by friar1610
Wed Aug 19, 2015 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Combining IRAs
Replies: 4
Views: 436

Combining IRAs

My wife and I each have 2 IRAs: 1) a Traditional IRA and 2) a Rollover IRA. They are all with Vanguard and invested in Total Bond Fund. The Traditionals date way back to the years when I was in the Navy, made too much money to get a tax deduction on IRA contributions but could get the tax-deferred e...
by friar1610
Tue Aug 18, 2015 1:24 pm
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 181
Views: 23866

Re: Bernstein: "If you've won the game, stop playing."

I agree with the sentiments expressed in the last three posts...and while it ain't rocket science , for those of us who have taken the advice (and admonitions) to heart, it provides great comfort resulting from that "aha! moment" when you realized that your efforts and discipline (and dar...
by friar1610
Sat Aug 15, 2015 10:49 am
Forum: Investing - Theory, News & General
Topic: CDs vs. 20-year Treasury ETF in portfolio?
Replies: 3
Views: 313

Re: CDs vs. 20-year Treasury ETF in portfolio?

Browser wrote:Currently, I can purchase some 4-year CDs at the local credit union with an APR of 2.50%.


Is your CU one that has a liberal definition of "field of membership"? If so, might you share its name/location?
by friar1610
Sat Aug 15, 2015 10:46 am
Forum: Investing - Theory, News & General
Topic: Boglehead Robo-Advisor Spreadsheet
Replies: 12
Views: 2019

Re: Boglehead Robo-Advisor Spreadsheet

I played around with the ss, very nicely done, kudos. Mike As did I. I've been trying to put together something like this for my wife to use as a guide to rebalancing if there comes a time when her own personal Boglehead is no longer in the picture. This is much more sophisticated than anything I c...
by friar1610
Fri Aug 14, 2015 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: Animal cruelty free mutual Funds
Replies: 37
Views: 2370

Re: Animal cruelty free mutual Funds

You could Google "Socially Responsible Funds" and then check the prospecti of the funds you find. The prospectus should define the criteria by which each fund screens stocks (eg, no defense contractors, breweries, gaming companies, etc.) If her criteria is considered, it should say so.
by friar1610
Thu Aug 13, 2015 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Literacy in Military
Replies: 5
Views: 722

Re: Financial Literacy in Military

Two comments: 1. One step in the right direction would be to keep First Command away from soldiers, sailors, airmen and marines. 2. A few years ago I used to do "outsmarting financial fraud" presentations to seniors as a volunteers in an AARP-FINRA program. FINRA has an educational foundat...
by friar1610
Sat Aug 08, 2015 12:01 pm
Forum: Personal Consumer Issues
Topic: Ireland & Scotland tour
Replies: 19
Views: 1699

Re: Ireland & Scotland tour

I echo the recommendations of those who suggest doing Ireland on your own if you drive. Trying to do Ireland by public transportation is somewhat of a hassle based on my daughter's experience. That said, I did a Trafalgar tour of New Zealand in the spring. They subbed it to their local NZ affiliate,...
by friar1610
Wed Aug 05, 2015 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Anyone using Vanguard's RMD service?
Replies: 12
Views: 1009

Re: Anyone using Vanguard's RMD service?

I'm in first year of RMDs. Vanguard makes it very easy. They calculate how much you must take out and you are in complete control of what specific fund(s) it comes from, how it is paid to you (monthly, quarterly, annually), where the money goes (in a taxable VG fund, to you by check, etc.) You shoul...
by friar1610
Tue Aug 04, 2015 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: A retiree's Investment Policy Statement
Replies: 32
Views: 3265

Re: A retiree's Investment Policy Statement

Are you sure you're not me??? Very nice retirement IPS. If you want to shorten it, maybe you can reduce the wording in your rationale for each section. My comment: If you die before your spouse, will she be able to follow this same IPS?? My wife would not be comfortable with this, so I have a secon...
by friar1610
Sun Aug 02, 2015 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Capital preservation in annuity
Replies: 2
Views: 308

Re: Capital preservation in annuity

I, too, have my Vanguard Variable Annuity invested in the Conservative Allocation sub-account. Depending on your circumstances, if 40 percent equities is too much volatility for you, you could transfer a portion to the Short Term Investment Grade sub-account. Right now, for me, 40 percent equities ...
by friar1610
Sun Aug 02, 2015 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Capital preservation in annuity
Replies: 2
Views: 308

Capital preservation in annuity

Hello. In previous posts I've mentioned that I have a Vanguard Variable Annuity. Originally bought it as a Fidelity VA years ago, transferred it for a while to TIAA-CREF and it's been with VG for 10+ years. If I could have that decision to make again, wouldn't buy it, but can't walk that dog back. N...
by friar1610
Sun Aug 02, 2015 11:52 am
Forum: Investing - Help with Personal Investments
Topic: ? Portfolio for older couple
Replies: 22
Views: 4434

Re: ? Portfolio for older couple

Except for our ages, my situation is not unlike yours. My wife and I are 70/69 respectively. I'm currently at about 45/50/5 (cash) invested basically in a TSM/TISM/TBM portfolio and also have a military pension/SS. I've probably spent more time obsessing over whether to cut back to 40% equity than I...
by friar1610
Thu Jul 30, 2015 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Could John Bogle Be Right About International Stock?
Replies: 81
Views: 7917

Re: Could John Bogle Be Right About International Stock?

I'm going to stick with the "old advice" and go with 20% of stock in international and I can't convince myself to get into international bonds. YMMV? +1 except that it's 25% in my case. No plans to go higher. And no plans for international bonds (except for a small slice I have in a Life ...
by friar1610
Thu Jul 30, 2015 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Simplify Investments for DW if I precede her in death
Replies: 22
Views: 1812

Re: Simplify Investments for DW if I precede her in death

Same drill for me. I'm 70; she's almost 69. I'm the strategic financial person (investments); she's the tactical financial person (bill paying/cash flow.) I had long ago consolidated our mutual funds at VG although we still had more individual funds than we really needed. More of our assets are in t...
by friar1610
Thu Jul 30, 2015 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Using an annuity in a 3 fund portfolio
Replies: 3
Views: 405

Re: Using an annuity in a 3 fund portfolio

I am presently unwinding a Coffeehouse portfolio as I have retired and am trying to simplify things for my wife should something happen to me. I am targeting a 50/50 allocation in a basically 3 fund portfolio. I do have several stock funds in a taxable account with large capital gains that I will r...
by friar1610
Thu Jul 23, 2015 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a $1M house?
Replies: 82
Views: 10901

Re: Can I afford a $1M house?

I think the house is way too expensive on a salary of 200k. You are earning a fantastic salary. Live below your means and you have the opportunity to create real wealth for your family. Life can throw you curve balls and having money in the bank can really help. There is no way I would have an 800k...
by friar1610
Wed Jul 22, 2015 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Military career or Top MBA
Replies: 37
Views: 3807

Re: Military career or Top MBA

Henry A,

I sent you a PM with an option you may want to consider.
by friar1610
Mon Jul 20, 2015 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's new Personal Advisor Services
Replies: 56
Views: 9283

Re: Vanguard's new Personal Advisor Services

In fact, in an earlier financial plan they did for me, it appeared they really don't want to take outside assets into account and I assume they will run the PAS the same way. Under the previous service process, after the written plan there's a consultation. If the plan doesn't look right you can po...
by friar1610
Mon Jul 20, 2015 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's new Personal Advisor Services
Replies: 56
Views: 9283

Re: Vanguard's new Personal Advisor Services

Exactly my sentiments and I was really excited about this service when I heard about it for that specific reason. But, when I peeked under the hood and found out that they would only manage what you have at Vanguard it became decidedly less attractive. Most of our assets are with VG but we have a s...
by friar1610
Mon Jul 20, 2015 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's new Personal Advisor Services
Replies: 56
Views: 9283

Re: Vanguard's new Personal Advisor Services

I enjoy managing our own retirement investments following Boglehead priniciples. However, my wife does not enjoy it at all, so I am seriously considering this for her for when I am gone, assuming I go first. The 0.3% per year seems like a great bargain. Exactly my sentiments and I was really excite...
by friar1610
Mon Jul 20, 2015 11:08 am
Forum: Investing - Theory, News & General
Topic: Annuities-when and why?
Replies: 43
Views: 4179

Re: Annuities-when and why?

Here is my annuity story: - Quite a few years ago I transferred a sum from a Fidelity MF into a Fidelity Variable Annuity. I did this because I erroneously thought that since I was not eligible to participate in a 401K or 403B at the time, I was missing out on the chance to have retirement funds gro...
by friar1610
Wed Jul 15, 2015 4:53 pm
Forum: Personal Consumer Issues
Topic: Trip to Montreal Canada
Replies: 21
Views: 1670

Re: Trip to Montreal Canada

Thank you. I have heard horror stories about driving so we are thinking of staying downtown in Montreal and using public transport. Any views on driving in Quebec, because another option is drive to Quebec from Montreal and back. Also can we use US dollars ? You can get a train from Montreal to Que...
by friar1610
Wed Jul 15, 2015 4:46 pm
Forum: Personal Consumer Issues
Topic: Trip to Montreal Canada
Replies: 21
Views: 1670

Re: Trip to Montreal Canada

Try Gibby's in Old Montreal for Dinner. Even if you don't stay at the Chateua Frontenac when in Quebec, be sure to wander around the hotel. Lot's of pictures and history on the walls. When I was last in Quebec City there was an interesting tour of the Frontenac available. The tour guide was dressed...
by friar1610
Tue Jul 14, 2015 4:48 pm
Forum: Investing - Theory, News & General
Topic: So Few Generals, So Few Top Fund Managers
Replies: 5
Views: 812

Re: So Few Generals, So Few Top Fund Managers

I see a lot of similarities between the military and the money management profession. Every new Second Lieutenant considers what it would be like to becoming a General. However, becoming General requires decades of service and commitment, impeccable personal stature and integrity, years spent away ...
by friar1610
Wed Jul 08, 2015 10:05 am
Forum: Investing - Theory, News & General
Topic: Worlds' largest funds
Replies: 3
Views: 661

Re: Worlds' largest funds

I recall that during the brief period I worked for a university (very early 2000's) and was paying into their TIAA-CREF-centric 403B, CREF Stock was supposedly the largest equity fund in the world. Guess things have changed since then.
by friar1610
Tue Jul 07, 2015 2:31 pm
Forum: Personal Consumer Issues
Topic: Provence Travel
Replies: 19
Views: 1450

Re: Provence Travel

My wife and I went on a tour to Provence about 2 years ago. The hotel was a very nice one in Aix-en-Provence and we stayed there the entire time (an advantage for us since there wasn't the packing and unpacking.) We took off in tour buses every day to the beautiful towns and villages that comprise P...
by friar1610
Sat Jul 04, 2015 3:52 pm
Forum: Investing - Theory, News & General
Topic: What ratio are you stocks/bonds and how old are you?
Replies: 278
Views: 28406

Re: What ratio are you stocks/bonds and how old are you?

70, spouse 68. I've been retired for 12 years; spouse retired for 10.

45 equity/50 fixed/5 cash.

Equity: VTSAX and VGTSX (75:25)
FI: VBTLX and VBIRX/I-Bonds/CDs

Pension and SS cover virtually all expenses so rarely touch portfolio.
by friar1610
Fri Jun 26, 2015 2:58 pm
Forum: Investing - Theory, News & General
Topic: "Fight Financial Clutter"
Replies: 8
Views: 1466

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: 726

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: 726

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: 381

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: 381

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: 381

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: 5264

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: 2062

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: 2931

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: 2529

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: 2931

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: 2931

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: 9262

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% ...

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