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Re: Anyone live in The Cliffs in NC?

We decided we wanted to retire to the western NC area last year. We looked at several communities in the area, including the Cliffs. We found our dream location at Champion Hills (http://www.championhills.com). More house for the money, golf course is ranked #11 in the state. People are so friendly ...
by matonplayer
Sat May 17, 2014 8:13 pm
 
Forum: Personal Consumer Issues
Topic: Anyone live in The Cliffs in NC?
Replies: 9
Views: 1484

Re: Can I be a boglehead and join a golf club?

For avid golfers, there are great bennies to being a club member. Pace of play is typically faster, so you're not taking the entire day to play 18 holes. You're frequently treated better by the staff at a club than at your local muni. There are events all the time happening at a club - tournaments, ...
by matonplayer
Sat May 17, 2014 7:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I be a boglehead and join a golf club?
Replies: 70
Views: 4572

Re: Lawyer recommends trust

Maybe I'm the crazy one, but everything that my wife and I have are in each other's name, and we're the beneficiaries of each other's 401(k). What are the odds of our both dying at the same time? That's kept me from going down the trust route. But I'm open to options or to contrary opinions. We have...
by matonplayer
Sat May 17, 2014 7:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lawyer recommends trust
Replies: 81
Views: 5213

Re: Secondary Market Annuities

I'm considering purchasing a secondary market annuity that would get us to age 70. Matonplayer: This could be a very big mistake. Jason Zweig, respected columnist for the Wall Street Journal , explains: Another Can't-Miss Deal That Can Miss Spectacularly Best wishes. Taylor Taylor, thanks. This art...
by matonplayer
Tue Apr 08, 2014 11:49 am
 
Forum: Investing - Theory, News & General
Topic: What next after you have enough sort of.
Replies: 31
Views: 3533

Re: What next after you have enough sort of.

People may think if it as a mental accounting trick but after thinking long and hard on this topic it seemed to me I am looking at 2 distinct phases pre and post SS and pension. To plan for post SS and pension which is about 14 years away I can take X dollars and a say 65/35 AA and let things run t...
by matonplayer
Tue Apr 08, 2014 11:11 am
 
Forum: Investing - Theory, News & General
Topic: What next after you have enough sort of.
Replies: 31
Views: 3533

Re: New callable CD offering

I don't like callable CD's. From the bank's standpoint, it's heads I win, tails you lose. If rates decrease, stay the same, or only increase slightly, they will call the CD - and they win (by being able to loan-out money at a lower rate). If rates increase significantly, they will not call the CD, ...
by matonplayer
Wed Mar 12, 2014 11:18 am
 
Forum: Investing - Theory, News & General
Topic: New callable CD offering
Replies: 18
Views: 1420

Re: New callable CD offering

I suppose that from my limited understanding, those sound almost too good to be true. A 9% 15-year CD? Bond-like risk or not, that's nuts. If they call it, you avoid the downside of duration risk anyhow. Hopefully, someone with more understanding will chime in and explain why this product exists, g...
by matonplayer
Wed Mar 12, 2014 11:02 am
 
Forum: Investing - Theory, News & General
Topic: New callable CD offering
Replies: 18
Views: 1420

Re: New callable CD offering

kenyan wrote:Are those brokered CDs?


They're being issued by Goldman Sachs and purchased through TD Ameritrade, so I guess you would consider them brokered. But they're new issues and the price is $100 so I doesn't appear that TDA is taking any fee off the top.
by matonplayer
Wed Mar 12, 2014 10:51 am
 
Forum: Investing - Theory, News & General
Topic: New callable CD offering
Replies: 18
Views: 1420

New callable CD offering

I just got a ping from TD Ameritrade, where I have most of my investments. They're offering a callable step up CD at 3.25% till 03/26/2021, 3.50% till 03/26/2024, 4.00% till 03/26/2027, 5.00% till 03/26/2028, 7.00% till 09/26/2028, 9.00% till 03/26/2029. Callable March 26, 2015, semiannually thereaf...
by matonplayer
Wed Mar 12, 2014 10:38 am
 
Forum: Investing - Theory, News & General
Topic: New callable CD offering
Replies: 18
Views: 1420

Re: Please help with FERS retirement calculation

At what agency does your wife work? Being a GS-15 at age 36 is almost unheard of at the agencies with which I'm familiar, unless she as a very specialized skill (lawyer, doctor, etc).
by matonplayer
Sun Mar 02, 2014 8:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please help with FERS retirement calculation
Replies: 19
Views: 1941

Re: Rebalance and take short term cap gain hit?

abuss368 wrote:Can you rebalance with new funds being added to the accounts?


Later in the year, yes. But not at the present time.
by matonplayer
Mon Feb 24, 2014 1:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rebalance and take short term cap gain hit?
Replies: 12
Views: 442

Re: Rebalance and take short term cap gain hit?

Thanks to the recent run of equities, I'm at the point where my equity allocation has exceeded my IPS bandwidth limit, and it's time to rebalance into bonds. The problem is, since I've switched to the Bogleheads way of investing fairly recently, if I rebalance now I'd have to sell equities that I'v...
by matonplayer
Mon Feb 24, 2014 1:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rebalance and take short term cap gain hit?
Replies: 12
Views: 442

Re: Rebalance and take short term cap gain hit?

Unfortunately, no. My tax advantaged account is all bonds. Our tax advantaged space is only about 20% of our total portfolio.
by matonplayer
Mon Feb 24, 2014 1:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rebalance and take short term cap gain hit?
Replies: 12
Views: 442

Rebalance and take short term cap gain hit?

Thanks to the recent run of equities, I'm at the point where my equity allocation has exceeded my IPS bandwidth limit, and it's time to rebalance into bonds. The problem is, since I've switched to the Bogleheads way of investing fairly recently, if I rebalance now I'd have to sell equities that I've...
by matonplayer
Mon Feb 24, 2014 12:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rebalance and take short term cap gain hit?
Replies: 12
Views: 442

Re: Entertainment industry investment "opportunity"

My neice's husband is a partner in a venture capital firm. They recently funded the movie "Robot and Frank" with Susan Sarandon. He said it was fun and a good learning experience but that they'll be lucky to break even.
by matonplayer
Tue Feb 18, 2014 12:31 pm
 
Forum: Investing - Theory, News & General
Topic: Entertainment industry investment "opportunity"
Replies: 3
Views: 542

Re: How much financial support should you give your kids?

From millionaire next door.... "Economic Outpatient Care (EOC) is a term used to express when an affluent parent provides money to an adult child. Besides offspring observations resulting in UAW children, EOC is a contributing factor to the passing on of the UAW belief. Offspring who receive E...
by matonplayer
Sun Feb 02, 2014 3:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much financial support should you give your kids?
Replies: 53
Views: 3348

Re: How much financial support should you give your kids?

I like the idea of waiting until they're 30 or so to give them a chunk of cash - but do you tell them ahead of time that they'll be getting it?
by matonplayer
Sun Feb 02, 2014 3:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much financial support should you give your kids?
Replies: 53
Views: 3348

Re: How much financial support should you give your kids?

I would also disagree with the statement about many smaller gifts, I think that a big one-time gift is less likely to be spent away. 3-5 thousand is "now I can afford ____" money, while 100 thousand is "I can really do something big" money, in my mind. Well, if OP gives them $10...
by matonplayer
Sun Feb 02, 2014 2:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much financial support should you give your kids?
Replies: 53
Views: 3348

How much financial support should you give your kids?

All, I've been thinking lately about the pros and cons of gifting a substantial chunk of cash - say, 100K - to each of my two sons when they graduate college. It really wouldn't hurt us that much financially but I can see where it could make a huge difference in the lives of my kids, especially sinc...
by matonplayer
Sun Feb 02, 2014 1:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much financial support should you give your kids?
Replies: 53
Views: 3348

Re: VG teams up with HelloWalle​t

So is this a Yodlee PLUS offering for the $100? You get the integrated Yodlee + some nudges? I'm just curious because I am still looking for a Quicken replacement and Mint is horrid at handling investment accounts. I've been pretty happy with Personal Capital. I still use Mint for tracking expenses...
by matonplayer
Thu Jan 30, 2014 1:34 pm
 
Forum: Investing - Theory, News & General
Topic: VG teams up with HelloWalle​t
Replies: 24
Views: 2298

Re: Do you need bonds if you have far more money than you ne

We are in a situation very similar to the OP's scenario. Being retired at 53 our portfolio is 40/60. No way will I risk a severe market downturn at the start of our retirement and blow up our retirement due to a bad sequence of returns.
by matonplayer
Sun Jan 05, 2014 1:37 pm
 
Forum: Investing - Theory, News & General
Topic: Do you need bonds if you have far more money than you need?
Replies: 54
Views: 3370

Re: Real Economy Portfolio Feedback Requested

1/3 in real estate? I suppose if you are a real estate person, that is fine. You certainly will not find support for that here as real estates is only a small % of the market. It is also fully taxable as ordinary income and not eligible for qualified dividend tax rates. What is the difference wheth...
by matonplayer
Mon Dec 30, 2013 11:29 pm
 
Forum: Investing - Theory, News & General
Topic: Real Economy Portfolio Feedback Requested
Replies: 12
Views: 582

Re: Liability Matching Portfolio: Reality for the Long Term?

I often wonder about LMP for young retirees as well. I'm retired at 53 with a 40/60 portfolio with the majority of the portfolio in taxable, so my fixed income portion consists of both short and intermediate term munis, CDs, TSP G fund (via spouse), and BND (in my limited tax-deferred space). No clu...
by matonplayer
Thu Nov 28, 2013 2:05 pm
 
Forum: Investing - Theory, News & General
Topic: Liability Matching Portfolio: Reality for the Long Term?
Replies: 50
Views: 3762

Re: Social security at 62 vs 70

BL wrote:If you are single it is a bit more straightforward. Providing for surviving spouse adds benefit as AFAIK that is not considered in the break-even point.


Good point. I have not taken my spouse's benefit options into account.
by matonplayer
Mon Oct 14, 2013 3:31 pm
 
Forum: Investing - Theory, News & General
Topic: Social security at 62 vs 70
Replies: 76
Views: 5736

Social security at 62 vs 70

It seems to be conventional wisdom on the forum that delaying social security until age 70 is a superior strategy to taking it earlier. I'm hoping someone can explain to me why that is. I'm an early retiree at age 52, and according to the SSA calculator, taking SS at 62 gets me $1701 per month, and ...
by matonplayer
Mon Oct 14, 2013 2:34 pm
 
Forum: Investing - Theory, News & General
Topic: Social security at 62 vs 70
Replies: 76
Views: 5736

Re: Asset allocation question for early retiree

Yes, it is more conservative. Only 58% of your fixed income allocation is actually in bonds. Do you plan to move your TSP into a rollover IRA? Are you in any of the stock funds that are available in the TSP? Not at this time, primarily because the consensus seems to be that the TSP G fund is a &quo...
by matonplayer
Mon Sep 09, 2013 4:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset allocation question for early retiree
Replies: 3
Views: 351

Asset allocation question for early retiree

First of all, let me say what a valuable resource this forum has been for me. I'm a recent early retiree, age 52. Based upon our income needs and risk tolerance, my asset allocation is currently set to 40% stock / 60 % fixed income. But here's my question - since my fixed income is not totally bonds...
by matonplayer
Mon Sep 09, 2013 4:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset allocation question for early retiree
Replies: 3
Views: 351

Re: Honest answer, as if it were your money and your child.

IIRC studies have shown that when you start looking at unusually long draw down scenarios (50 years or longer) the SWR doesn't change all that significantly, because once the SWR gets low enough you're spending interest and dividends only. I'll see if I can find the link to the paper that discusses ...
by matonplayer
Mon Aug 26, 2013 1:36 pm
 
Forum: Investing - Theory, News & General
Topic: Honest answer, as if it were your money and your child.
Replies: 30
Views: 3481

Re: TD Ameritrade Reviews?

I've no complaints with TDA with the exception of the local sales guy who keeps calling and leaving messages on my cell phone. I just ignore them.
by matonplayer
Fri Aug 09, 2013 12:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade Reviews?
Replies: 31
Views: 8277

Re: Is Age in Bonds Upside Down?

Aren't there potential tax implications? My AA results in my bond allocation being in tax-deferred space and my stock allocation in taxable, so what's the best way to avoid drawing down tax-deferred first?
by matonplayer
Wed Jul 24, 2013 10:57 pm
 
Forum: Investing - Theory, News & General
Topic: Is Age in Bonds Upside Down?
Replies: 14
Views: 2592

Re: 35% is the new 70%

Your percentage of income is irrelevant. What matters is your percentage of spending.
by matonplayer
Wed Jul 24, 2013 10:23 pm
 
Forum: Investing - Theory, News & General
Topic: 35% is the new 70%
Replies: 37
Views: 6544

Re: Can we afford private school?

I think if you go the private school route you need to think about what you want to achieve for your children. We sent our son to private school in DC even though we lived in one of the best school districts in the country--Fairfax County VA. We were not interested in Sidwell or St. Albans, but rat...
by matonplayer
Thu Jul 18, 2013 3:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can we afford private school?
Replies: 87
Views: 6784

Re: factor based investing

I too am wondering how best to use this information. If I have 5% of my portfolio in small cap value, should I reduce my total stock market allocation by 5% and use that money to buy a momentum-based fund?
by matonplayer
Wed Jul 17, 2013 12:59 pm
 
Forum: Investing - Theory, News & General
Topic: factor based investing
Replies: 38
Views: 3044

Re: Tesla Motors Stock

I have a friend that's big into CAN SLIM and he bought TSLA at 102. He says he can get 10% return on his portfolio with no problem...
by matonplayer
Mon Jul 08, 2013 4:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tesla Motors Stock
Replies: 164
Views: 12795

Re: Bonds/Stock split 60/40... Please convince me?

Once you start taking withdrawals from your nest egg, the big risk that is that equities plunge early in the cycle. If the market goes down 50% and you're 75% or more in equities, your portfolio may never recover. On top of that, there's a body of evidence that shows that safe withdrawal rates don't...
by matonplayer
Sun Jul 07, 2013 1:12 pm
 
Forum: Investing - Theory, News & General
Topic: Bonds/Stock split 60/40... Please convince me?
Replies: 41
Views: 3642

Re: Company Sale - 6 months later

OP, your story is so similar to mine it's scary, right down to the broker wanting to do a covered call strategy. I received my windfall from a company sale in August and finally dumped my broker a month or so ago, when I calculated how much the option strategy had cost me compared to a Boglehead app...
by matonplayer
Tue Jul 02, 2013 7:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Company Sale - 6 months later
Replies: 43
Views: 3302

Re: DCA from SUB to MUB? [Short- to intermediate- muni bonds

I think it's overly complicated to buy SUB and then DCA into MUB. (Wow, what a sentence :oops: ) I'm a fan of DCA but I don't think it will help a lot with bond funds because 1) bond funds are still less volatile than stocks, 2) the time period of investing into bond funds tends to be years and I t...
by matonplayer
Fri Jun 28, 2013 9:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: DCA from SUB to MUB? [Short- to intermediate- muni bonds]
Replies: 8
Views: 502

Re: DCA from SUB to MUB? [Short- to intermediate- muni bonds

There are multiple ways to increase FDIC or NCUA coverage in taxable accounts. Search for "fdic ownership categories". A couple can get $1M coverage with a joint account and two individual (single) accounts. As mentioned above, you get $250K per beneficiary for POD or revocable trust acco...
by matonplayer
Fri Jun 28, 2013 9:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: DCA from SUB to MUB? [Short- to intermediate- muni bonds]
Replies: 8
Views: 502

Re: DCA from SUB to MUB?

It looks to me like you should've bought MUB on June 24th. Whenever a bond fund drops 10%, that means BUY! BUY! BUY! (Was that a good Cramer impersonation?) If you DCA, then don't prolong it more than 10-12 months. I'd say go 50% MUB, 50% SUB, then do anything you want after that. I actually did bu...
by matonplayer
Fri Jun 28, 2013 6:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: DCA from SUB to MUB? [Short- to intermediate- muni bonds]
Replies: 8
Views: 502

DCA from SUB to MUB? [Short- to intermediate- muni bonds]

In order to meet my allocation goals I need to take a substantial chunk of cash from a windfall and move it into bonds. Given the current market conditions, would it make sense to purchase a chunk of SUB ( short-term munis) and then DCA over the next couple of years from SUB into MUB (intermediate-t...
by matonplayer
Fri Jun 28, 2013 6:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: DCA from SUB to MUB? [Short- to intermediate- muni bonds]
Replies: 8
Views: 502

Re: I have no idea what I want to do as a career

Consider an MS in computer science or software engineering. It can be a very laid-back career and pays well. You generally won't earn any more for having an MS over a BS, though. +1. Writing code can be very gratifying while being able to utilize all your analytical skills. Take a programming cours...
by matonplayer
Thu Jun 27, 2013 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: I have no idea what I want to do as a career
Replies: 80
Views: 4617

Re: Investment help, please.

I'd pay off the camper loan first, for sure. Guaranteed 5% return on your money.
by matonplayer
Thu Jun 27, 2013 3:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investment help, please.
Replies: 4
Views: 269

Re: What to do with Cash

Capital one 360 online savings account pays .8%, I believe.
by matonplayer
Thu Jun 27, 2013 2:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with Cash
Replies: 6
Views: 587

Re: how to account for TSP G Fund in allocation

I'm trying to figure out how to place my spouse's TSP G fund in our allocation. Since we'll be starting the spend down phase of our portfolio next year, our allocation is (or will be) 40% stock/40% bond/20% cash and equivalents. The 20% cash and equivalents is enough to cover Bernstein's recommenda...
by matonplayer
Thu Jun 27, 2013 10:46 am
 
Forum: Investing - Help with Personal Investments
Topic: how to account for TSP G Fund in allocation
Replies: 12
Views: 460

Re: how to account for TSP G Fund in allocation

Personally, I don't think Bernstein really meant that only cash is safe. The argument can even be made in this context that only a guaranteed inflation indexed income stream rather than an asset is "safe" for the purpose in question. Cash is certainly risky due to exposure to inflation, o...
by matonplayer
Thu Jun 27, 2013 9:27 am
 
Forum: Investing - Help with Personal Investments
Topic: how to account for TSP G Fund in allocation
Replies: 12
Views: 460

Re: how to account for TSP G Fund in allocation

40% stocks 54% G Fund and the other 6% in either F Fund or the equivalent Vanguard Total Bond Market (VBMFX). That's similar to the TSP L Fund allocations: https://www.tsp.gov/planparticipation/investing/lifecycleFunds.shtml Now, some will argue that you should use 40% stock 60% G. It does not make...
by matonplayer
Thu Jun 27, 2013 9:13 am
 
Forum: Investing - Help with Personal Investments
Topic: how to account for TSP G Fund in allocation
Replies: 12
Views: 460

how to account for TSP G Fund in allocation

I'm trying to figure out how to place my spouse's TSP G fund in our allocation. Since we'll be starting the spend down phase of our portfolio next year, our allocation is (or will be) 40% stock/40% bond/20% cash and equivalents. The 20% cash and equivalents is enough to cover Bernstein's recommendat...
by matonplayer
Thu Jun 27, 2013 8:40 am
 
Forum: Investing - Help with Personal Investments
Topic: how to account for TSP G Fund in allocation
Replies: 12
Views: 460

Re: Splitting hairs on drawing from assets

You might want to also look at:

http://www.fpanet.org/journal/Betweenth ... etirement/

This paper suggests (if I read it correctly) that a considerably less aggressive equity allocation may also work nearly as well.
by matonplayer
Wed Jun 26, 2013 3:38 pm
 
Forum: Investing - Theory, News & General
Topic: Splitting hairs on drawing from assets
Replies: 12
Views: 818

Re: Free labor as part of an interview?

Yep, I was pretty sure that was the case. Not happy about it.
by matonplayer
Tue Jun 25, 2013 5:56 pm
 
Forum: Personal Consumer Issues
Topic: Free labor as part of an interview?
Replies: 7
Views: 1055

Free labor as part of an interview?

So my teenage son just went on an interview for a summer job at a local pet resort. Turns out that the "interview" had him perform four hours of manual labor, and then they said they'd be in touch. Regardless of whether he gets the job or not, this sounds illegal to me. Can businesses acqu...
by matonplayer
Tue Jun 25, 2013 5:18 pm
 
Forum: Personal Consumer Issues
Topic: Free labor as part of an interview?
Replies: 7
Views: 1055
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