Search found 415 matches

by friar1610
Thu Jul 23, 2015 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a $1M house?
Replies: 82
Views: 10570

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: 3649

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: 8799

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: 8799

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: 8799

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: 4039

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: 1614

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: 1614

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: 779

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: 646

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: 1391

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: 27785

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: 1438

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: 702

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: 702

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: 362

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: 362

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: 362

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: 5234

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: 2033

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: 2886

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: 2469

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: 2886

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: 2886

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: 9154

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: 986

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: 1797

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: 17679

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: 1797

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: 1797

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: 1079

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: 6294

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: 2653

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: 1253

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: 14351

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: 3855

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: 4933

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: 4933

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: 2759

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: 3450

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: 2254

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: 27302

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: 3129

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: 7130

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: 6954

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: 6954

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: 5738

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: 10743

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: 485

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: 485

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...

Go to advanced search