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Re: Guyton-Klinger Withdrawal Decison Rules

... B. I played multiple times in the past with the final value of the PMT formula (VPW forces it to zero, but one could use an inflation-adjusted bequest target). For sure, one can do that (see scenarios 9f/9f1/9f2, I use an inflation-adjusted % of the initial portfolio as final value), and concep...
by midareff
Sun Mar 29, 2015 11:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Guyton-Klinger Withdrawal Decison Rules
Replies: 112
Views: 7306

Re: Reorganizing credit cards and accounts

Interesting exercise.... it seems to me that unless a card pays cash back rewards on your purchases there isn't much reason to have or use it. Well here is a fairly common example: the Citi AAvantage Platinum Visa-- when signing up the first year you get 50,000 AA miles for $3,000 worth of spend; t...
by midareff
Sun Mar 29, 2015 10:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Reorganizing credit cards and accounts
Replies: 19
Views: 1357

Re: Direct-Indexing?

Perhaps my reply is off course or short sighted but when you own (as an example) the Total Stock Market you own a fund with 3798 companies shares, and a proportional slice thereof. As the holdings of that index change some new companies will be added and some will be deleted, go out of business, et...
by midareff
Sun Mar 29, 2015 10:28 am
 
Forum: Investing - Theory, News & General
Topic: Direct-Indexing?
Replies: 9
Views: 342

Re: Direct-Indexing?

Some arguments against. 1) Related to midareff above- You would miss out on tax efficiency of ETFs (Vanguard funds do something related as well) http://corporate.morningstar.com/US/PR/TaxEfficiencyPaper.pdf - https://advisors.vanguard.com/iam/pdf/Efficiency_transcript2.pdf Direct Indexing misses th...
by midareff
Sun Mar 29, 2015 10:14 am
 
Forum: Investing - Theory, News & General
Topic: Direct-Indexing?
Replies: 9
Views: 342

Re: Direct-Indexing?

Perhaps my reply is off course or short sighted but when you own (as an example) the Total Stock Market you own a fund with 3798 companies shares, and a proportional slice thereof. As the holdings of that index change some new companies will be added and some will be deleted, go out of business, etc...
by midareff
Sun Mar 29, 2015 9:40 am
 
Forum: Investing - Theory, News & General
Topic: Direct-Indexing?
Replies: 9
Views: 342

Re: How do you store your photos?

Several replies imply that folks are scanning prints. That's like making a photocopy of a photocopy. Take the negatives and slides to a scanning service - my local Costco did a fantastic job on my many hundreds of negatives and slides from the pre-digital era. I really get excellent copies of photo...
by midareff
Sun Mar 29, 2015 8:13 am
 
Forum: Personal Consumer Issues
Topic: How do you store your photos?
Replies: 29
Views: 2324

Re: Michael Spence: Are Equities Overvalued?

I think it's a lot simpler than he makes it sound. The Shiller http://www.multpl.com/shiller-pe/ is lot's higher than either it's mean or average. If we add 4 points to the mean and average (Wm. Bernstein and other et al.) for accounting changes it is still statistically higher than either it's mean...
by midareff
Sun Mar 29, 2015 7:59 am
 
Forum: Investing - Theory, News & General
Topic: Michael Spence: Are Equities Overvalued?
Replies: 13
Views: 1275

Re: Reorganizing credit cards and accounts

Interesting exercise.... it seems to me that unless a card pays cash back rewards on your purchases there isn't much reason to have or use it. 6% AMEX Blue Cash Preferred, 5% PenFed Visa for gas, 2% Fidelity AMEX and the 2% (1+1) Citi MasterCard. Last quarter of the year Discover runs 5% back for in...
by midareff
Sun Mar 29, 2015 7:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Reorganizing credit cards and accounts
Replies: 19
Views: 1357

Re: If you had 1 book to recommend...

Four Pillars of Investing by Bernstein Just read these 3 chapters to start - The market is smarter than you are Your broker is not your buddy Neither is your mutual fund +1 .. First book that really make sense. That led to other books by Dr. Bernstein, Larry Swedroe, Richard Ferri, John Bogle and m...
by midareff
Sun Mar 29, 2015 7:32 am
 
Forum: Investing - Help with Personal Investments
Topic: If you had 1 [investing] book to recommend...
Replies: 36
Views: 2711

Re: Zen Boglehead's

Hmmm.. it's a market. Isn't it supposed to go up and down?
by midareff
Sun Mar 29, 2015 7:28 am
 
Forum: Investing - Theory, News & General
Topic: Zen Boglehead's
Replies: 18
Views: 1776

Re: Recurring utility bills - How do you pay?

As an auto-pay online to the largest % cash back credit card they accept without penalty.
by midareff
Sat Mar 28, 2015 5:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Recurring utility bills - How do you pay?
Replies: 39
Views: 2398

Re: Is this a decent withdrawal strategy?

As noted, such a portfolio would pay out about 2% in dividends, so no need to sell any shares. The dividends would appear at different time points throughout the year: some monthly, some quarterly, some twice a year, and some once a year. +1 and dividends should grow some each year to keep pace wit...
by midareff
Sat Mar 28, 2015 1:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is this a decent withdrawal strategy?
Replies: 15
Views: 1035

Re: Economics of climbing the ladder - experiences requested

What happened to the entire thought train of implementing your guidance and ideas to your staff? I'm assuming you mean this as a pro in this context. i.e. imparting wisdom & mentoring being something to enjoy. Which I do :) Absolutely, the best memories of my careers .. one in the car rental in...
by midareff
Sat Mar 28, 2015 8:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Economics of climbing the ladder - experiences requested!
Replies: 25
Views: 2523

Re: Deposits to Foreign Account: Taxable?

There is the FBAR with a June 30 report date which is filed electronically with the Treasury for foreign assets held and the IRS Form 8938(?) for foreign holdings/income which has exemption levels that easily cover the amount you cited.
by midareff
Sat Mar 28, 2015 3:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Deposits to Foreign Account: Taxable?
Replies: 3
Views: 334

Re: Sued and won for drycleaner losing suit, suit now found.

You won your lawsuit. Any changes to the terms of the judgement should now be treated as a legal matter. If they want to amend the judgement, the onus is on them to do so. If it were me, I'd collect the money and let the drycleaner deal with the suit and/or trying to get the judgement changed. +1 n...
by midareff
Sat Mar 28, 2015 3:49 am
 
Forum: Personal Consumer Issues
Topic: Sued and won for drycleaner losing suit, suit now found.
Replies: 54
Views: 5428

Re: Mortgage Debt in Retirement?

The effective interest I am paying is ~2.5%, and that is nominal. Making 5% nominal off my (leveraged) portfolio is not unreasonable, IMO. And the last 5 years have averaged better than 10%. This is one chance to let inflation be your best friend - the longer you take to pay off the mortgage, the c...
by midareff
Sat Mar 28, 2015 3:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Debt in Retirement?
Replies: 68
Views: 3836

Re: Boomer forced to retire (unemployed)

My husband got laid off weeks ago. He is actively looking and paid a professional to rewrite his resume. He went on a few interviews, then second interviews, then third interviews. Some called back to tell him they found better fit and some didn’t even call. The guys is feeling depressed. He thinks...
by midareff
Fri Mar 27, 2015 3:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Boomer forced to retire (unemployed)
Replies: 34
Views: 3552

Re: Economics of climbing the ladder - experiences requested

Happy Friday Bogleheads, Something thats been on my mind to post - What are the true economics and experiences of climbing the ladder? Pros of career advancement: 1. More money 2. More prestige 3. Perhaps better marketability, career path 4. Increased Job satisfaction? Cons of career advancement: 1...
by midareff
Fri Mar 27, 2015 3:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Economics of climbing the ladder - experiences requested!
Replies: 25
Views: 2523

Re: Mortgage Debt in Retirement?

I may be an outlier on this, but I see nothing wrong with a 3% mortgage which has the interest tax deductible. Same for 3.125, 3.25, 3.375.. then things start to get a little cloudy in my mind with the Shiller and interest rates on binds what they are. How much of today's retired liquidity do you wi...
by midareff
Fri Mar 27, 2015 3:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Debt in Retirement?
Replies: 68
Views: 3836

Re: Poll: Would you be disappointed if Vanguard advertised m

pennstater2005 wrote:You need a poll option for "indifferent". Where's the indifferent emoticon?……ah here it is :|


can't respond to your PM as you have return pm's blocked.
by midareff
Fri Mar 27, 2015 12:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Poll] Would you be disappointed if VG advertised more?
Replies: 19
Views: 1304

Re: Vanguard HealthCare Fund

I have been advocating buying VGHCX for as long as this forum has been around and, before that, in the old Diehards forum. The general consensus of most posters here is that you shouldn't hold it because it's a sector bet. Go figure. Sometimes you can lead the horse to water but they just won't dri...
by midareff
Wed Mar 25, 2015 6:11 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard HealthCare Fund
Replies: 57
Views: 4717

Re: Vanguard HealthCare Fund

I have been advocating buying VGHCX for as long as this forum has been around and, before that, in the old Diehards forum. The general consensus of most posters here is that you shouldn't hold it because it's a sector bet. Go figure. Sometimes you can lead the horse to water but they just won't dri...
by midareff
Wed Mar 25, 2015 7:00 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard HealthCare Fund
Replies: 57
Views: 4717

Re: Vanguard HealthCare Fund

I hold the fund at 10%. With an aging worldwide population, emerging market constructions of hospitals and clinics, continual development of new drugs to treat things that were untreatable previously and the push of Obamacare adding subscribers and patients in the US, I have conviction. I also don't...
by midareff
Wed Mar 25, 2015 6:56 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard HealthCare Fund
Replies: 57
Views: 4717

Re: VanG Intermediate Term Bond Market Question

The difference between TBM and Intermediate-Term Bond Index is tiny . The former is slightly cheaper, slightly shorter, slightly less credit-risky. The latter might be slightly more stable in characteristics over time. I cannot imagine how over time a switch from one to the other would make any dif...
by midareff
Tue Mar 24, 2015 3:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: VanG Intermediate Term Bond Market Question
Replies: 20
Views: 1816

Re: VanG Intermediate Term Bond Market Question

Okay guys, I'm starting to better understand the variables here. Special thanks to asif408 for making a second attempt to essentially explain the same thing. That really helped. For the record, I was using Vanguard's website returns for admiral shares going back to 2001. I'm not sure why other have...
by midareff
Tue Mar 24, 2015 11:06 am
 
Forum: Investing - Help with Personal Investments
Topic: VanG Intermediate Term Bond Market Question
Replies: 20
Views: 1816

Re: VanG Intermediate Term Bond Market Question

The difference between TBM and Intermediate-Term Bond Index is tiny . The former is slightly cheaper, slightly shorter, slightly less credit-risky. The latter might be slightly more stable in characteristics over time. I cannot imagine how over time a switch from one to the other would make any dif...
by midareff
Tue Mar 24, 2015 7:53 am
 
Forum: Investing - Help with Personal Investments
Topic: VanG Intermediate Term Bond Market Question
Replies: 20
Views: 1816

Re: The one area I disagree with Jack

I generally agree with Bogle on this. I have been retired 8 years and am 64. Current portfolio is 100% equity because when I capitalize my pension it works out to about 60/40 equity to FI. Obviously I have a pretty high tolerance for risk. But a pension gives the same benefit as FI in the AA decisi...
by midareff
Tue Mar 24, 2015 7:11 am
 
Forum: Investing - Theory, News & General
Topic: The one area I disagree with Jack
Replies: 93
Views: 7293

Re: Best Bank for Checking Account

CyberBob wrote:Ally
No fees, great rates, all the newfangled features like mobile check deposit and Popmoney payments.


+1 ... free checks, reimbursed ATM charges, 24/7 service line, great rates on savings (.99%) and money market (.85%) deposits.
by midareff
Tue Mar 24, 2015 7:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Best Bank for Checking Account
Replies: 29
Views: 2546

Re: The one area I disagree with Jack

However, a good case can be made for considering a mortgage as a negative bond. Kevin Just can't agree with this. Lunches and dinners out are more than the monthly mortgage. Neither is a negative bond, they are just monthly expenses as a line item in a budget. To go a step further.... if the mortga...
by midareff
Sun Mar 22, 2015 6:08 pm
 
Forum: Investing - Theory, News & General
Topic: The one area I disagree with Jack
Replies: 93
Views: 7293

Re: Retiring. Looking for advice on 401K rollover

I'm retiring in a few months. I have a 401k with a balance of $250,000. The account will be my Rainy Day account. Funds need to be available with a 7 day notice. I prefer to manage the account online to move proceeds to my personal checking account. I'm looking for ideas and where to Rollover the f...
by midareff
Sun Mar 22, 2015 5:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiring. Looking for advice on 401K rollover
Replies: 6
Views: 701

Re: Bond Funds

FXSTX is the US Bond Index with a .07% fee. PTTRX is a total return fund which takes long and short positions and owns a bit other than bonds. It does have an excellent long term track record, despite a few blemishes, and is this is what you want you "SAFE" money to be doing. Personally, I...
by midareff
Sun Mar 22, 2015 5:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond Funds
Replies: 7
Views: 971

Re: Who should be concerned?

Not concerned at all but don't own the applicable funds. I see it as a movement within the efficient frontier. My own portfolio is presently 35% international so I'm in the middle of where they were and where they are going. If international outperforms US my international allocation will increase a...
by midareff
Sun Mar 22, 2015 5:34 pm
 
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 219
Views: 17378

Re: The one area I disagree with Jack

Since Bengen concluded that stock allocations less than 50% or greater than 75% are counterproductive to portfolio longevity it would seem the portion of SS or pension in your total income stream are not necessary material to your AA. Whatever portion of your overall income stream your portfolio is...
by midareff
Sun Mar 22, 2015 12:22 pm
 
Forum: Investing - Theory, News & General
Topic: The one area I disagree with Jack
Replies: 93
Views: 7293

Re: The one area I disagree with Jack

Since Bengen concluded that stock allocations less than 50% or greater than 75% are counterproductive to portfolio longevity it would seem the portion of SS or pension in your total income stream are not necessary material to your AA. Whatever portion of your overall income stream your portfolio is ...
by midareff
Sun Mar 22, 2015 11:30 am
 
Forum: Investing - Theory, News & General
Topic: The one area I disagree with Jack
Replies: 93
Views: 7293

Re: bonds primer

Anemic yields for bonds are a feature of the current environment, particularly for the kinds of bonds you want to balance your portfolio. Expense ratios can eat a significant fraction of the yield in some funds, so look carefully at this. I take it this is where a vanguard total bond index fund wou...
by midareff
Sun Mar 22, 2015 9:26 am
 
Forum: Investing - Help with Personal Investments
Topic: bonds primer
Replies: 14
Views: 1332

Re: How important is an international allocation?

RevYoung wrote: " What I'm trying to figure out is whether or not to bother with an international allocation for my emergency fund." You are going to have to go a long way to find a more thoughtful response (and framework for analysis) than that provided by Nisiprius. Increasing exposure ...
by midareff
Sun Mar 22, 2015 8:39 am
 
Forum: Investing - Theory, News & General
Topic: How important is an international allocation?
Replies: 66
Views: 4531

Re: External Hard Drive?

Assuming you are running virus/malware protection and it's not that.... regardless, absolutely back up all your data/music/pictures. Multiple backups for more critical records (financial) are even better. At the conclusion of each month's transactions (distributions/reinvestments, etc.) I backup doc...
by midareff
Sun Mar 22, 2015 8:19 am
 
Forum: Personal Consumer Issues
Topic: External Hard Drive?
Replies: 44
Views: 2311

Re: Dilemma re: taxable account

I am retired so will need to be living off the money I have in my taxable account for the next four years. I have a years worth of funds put away for emergency purposes. When I spoke to a financial advisor he suggested I fully invest the remainder in stock mutual funds and sell them off as I need t...
by midareff
Sun Mar 22, 2015 8:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Dilemma re: taxable account
Replies: 18
Views: 1659

Re: 4 Fund Portolio without bonds

Postmon wrote:Reminds me of Trev H's Ultimate 4 slices: http://www.bogleheads.org/forum/viewtopic.php?t=38374


I actually use this 4 slice portfolio for the equities held in taxable, along with tax-exempt bonds.
by midareff
Sun Mar 22, 2015 7:53 am
 
Forum: Investing - Theory, News & General
Topic: 4 Fund Portolio without bonds
Replies: 35
Views: 2619

Re: The one area I disagree with Jack

I'm not on board with it either. SS and my cola'd pension pays all our expenses and a bit more. My portfolio pays for toys, trips and some of the extras that make life more fun. For that I want a dependable annual income stream from a well diversified stock and bond portfolio in the 45/55 to 50/50 r...
by midareff
Sat Mar 21, 2015 5:52 pm
 
Forum: Investing - Theory, News & General
Topic: The one area I disagree with Jack
Replies: 93
Views: 7293

Re: How do you invest your taxable account?

Total US, Total International, Small Value, Small International and tax-exempt munis.
by midareff
Fri Mar 20, 2015 5:55 pm
 
Forum: Investing - Theory, News & General
Topic: How do you invest your taxable account?
Replies: 62
Views: 5824

Re: Too good to be true? vgenx or vgpmx

I suspect any investment you buy with the idea of timing the market is a mistake.
by midareff
Wed Mar 18, 2015 7:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Too good to be true? vgenx or vgpmx
Replies: 25
Views: 2777

Re: how often do you check performance?

I take a peek at the end of the day on M* frequently for entertainment. Bank and credit card accounts are looked at a couple times a month to make sure a fox hasn't gotten into the hen house. Monthly I keep records of distributions, reinvestments, transfers to bank, etc., and compare balances/perfor...
by midareff
Wed Mar 18, 2015 7:24 am
 
Forum: Investing - Help with Personal Investments
Topic: how often do you check performance?
Replies: 50
Views: 2659

Re: VICSX (Intermediate Corp) vs VCIT (ETF share class)

Thanks for getting back to me, SpringMan. I have TBM and was thinking of add VFIDX, but I got stopped by the .25% fee. I am definitely not an astute evaluator of funds, but have heard over and over that one should mitigate costs. I did a search and found that someone else, you, had the same questio...
by midareff
Tue Mar 17, 2015 5:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: VICSX (Intermediate Corp) vs VCIT (ETF share class)
Replies: 24
Views: 1196

Re: Target Retirement Income Fund (VTINX) As A Sole Holding

I think you could look at it this way. Let's take a bad scenario..... US and Foreign equities drop 50% ... the 30.4% of them you own drop the funds NAV 15.2% Let's suppose the bond funds drop 5% in NAV (roughly four 1/4 point interest raises in a short time frame). The 69.6% of bonds drop the funds ...
by midareff
Tue Mar 17, 2015 9:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Target Retirement Income Fund (VTINX) As A Sole Holding
Replies: 20
Views: 2694

Re: Buying Euro for Vacations?

Hi Everyone, Just wanted to get a quick gauge on this idea. As our dollar continues to gain strength, does anyone plan on buying some physical currency? Let's use the Euro for instance. Now I'm not saying dump my entire retirement fund into it, or anything crazy like that. Just literally buy a few ...
by midareff
Tue Mar 17, 2015 9:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying Euro for Vacations?
Replies: 33
Views: 2490

Re: Target Retirement Income Fund (VTINX) As A Sole Holding

VTINX is 39.1% Total Bond, 16.7% Short Term TIPS and 13.8% International Bond in addition to 21.2% Total Stock Market and 9.2% Total International Stock Market. IMHO it is very well diversified and I would not have any issues as a sole holding in my 80's. A SPIA becomes a useful tool if the individu...
by midareff
Tue Mar 17, 2015 9:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Target Retirement Income Fund (VTINX) As A Sole Holding
Replies: 20
Views: 2694

Re: Worried about my condo association board of directors

I would not be too worried. Undoubtedly your building manager is professionally certified in your state to run a condo and is backed by the management company. Together they do most if not all of the heavy lifting. Generally the condo documents require the BOD to make decisions, so they make the dec...
by midareff
Tue Mar 17, 2015 9:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Worried about my condo association board of directors
Replies: 12
Views: 1367

Re: Laptop: Windows based vs. Apple

What got me was the differences ion price. In the YouTube comparison the Dell has 256gb SSD at the Microsoft store for $1299, but along the way if you don't get it as a touch screen it is $899. The Apple does not have touch and is $1499 at 256gb SSD. That's a very large price difference to overcome.
by midareff
Tue Mar 17, 2015 8:48 am
 
Forum: Personal Consumer Issues
Topic: Laptop: Windows based vs. Apple
Replies: 81
Views: 5691
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