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Re: Vanguard sued for charging too little

Vanguard's CPA firm has undoubtedly vetted this issue and advised that VG is in compliance with the tax laws. And look at who is paying them. How did things work out for Enron's accounting firm? I knew people who used to work at Arthur Andersen; they don't anymore. How about you? Do you really thin...
by riskreward
Sun Jul 27, 2014 11:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 187
Views: 22116

Re: Vanguard sued for charging too little

Vanguard's CPA firm has undoubtedly vetted this issue and advised that VG is in compliance with the tax laws.
by riskreward
Sun Jul 27, 2014 10:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 187
Views: 22116

Re: Small cap valuations "appear to be stretched"

vesalius wrote:This is just as damning for Bogle's corparate bond suggestions.


I believe she's referring to corporate junk bonds not the investment grade corporate bonds favored by Bogle.
by riskreward
Tue Jul 15, 2014 6:43 pm
 
Forum: Investing - Theory, News & General
Topic: Small cap valuations "appear to be stretched"
Replies: 11
Views: 1418

Re: Anyone switch to non-branch banking?

I switched to Charles Schwab. I love their site and their checking account. I live in NYC so whenever I have a check to deposit it takes about 3 to 4 days to clear which includes the time it takes for my check to get to their Orlando office. Schwab's only branch is located in Reno, Nevada. If you n...
by riskreward
Thu Jul 03, 2014 8:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone switch to non-branch banking?
Replies: 54
Views: 4544

Re: The Risk of Short-term Bond Funds

Isn't it a matter of matching your spending from bonds to their duration? If the bond won't be needed for 30 years, it doesn't make sense to buy an intermediate. Since your holding period is at least as long as the bond duration, then you are immunized from interest rate risk. Similarly if you need ...
by riskreward
Thu Jul 03, 2014 2:55 pm
 
Forum: Investing - Theory, News & General
Topic: The Risk of Short-term Bond Funds
Replies: 152
Views: 11496

Re: Bucket Strategy for Retirement. Please comment

What about setting up an automatic monthly transfer from bucket 3 to 2 as well as from bucket 2 to 1?
This eliminates the need to try to guess when bucket 3 $ should be transferred to bucket 2.
by riskreward
Tue Jul 01, 2014 5:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Bucket Strategy for Retirement. Please comment
Replies: 34
Views: 4478

Re: Golfers vs Investors

Matching the market is like shooting par. Par is good. By straying from market matching index funds , you may occasionally shoot under par but more likely over par.
by riskreward
Fri May 09, 2014 1:37 pm
 
Forum: Investing - Theory, News & General
Topic: Golfers vs Investors
Replies: 18
Views: 1729

Re: Est. medical costs early retirement.

Fidelity did a study of health care costs in retirement. As I recall, they estimated $250k would be needed for a 65 year old couple. So if the couple lived to 85, it would be $12,500 per year for the average couple.
by riskreward
Mon Mar 10, 2014 8:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Est. medical costs early retirement.
Replies: 19
Views: 1693

Re: How did you get through the market crash in 08-09

My wife and I were working then and living off the work income. As a result, we were able to stay the course. Now retired and have to be much more conservative in order to be able to stay the course if it should repeat. Last thing I want to do is overestimate my risk tolerance and mortally wound my ...
by riskreward
Mon Mar 10, 2014 8:12 pm
 
Forum: Investing - Theory, News & General
Topic: How did you get through the market crash in 08-09
Replies: 104
Views: 5966

Re: When to start social security

One thing that doesn't get discussed much are the tax ramifications. When SS is the preponderant source of income (vs more income from an IRA for instance), the amount of taxable SS is less. You can use this calculator to show how much of SS will be taxed at the fed level. It can be a significant di...
by riskreward
Sun Jan 12, 2014 8:39 am
 
Forum: Personal Finance (Not Investing)
Topic: When to start social security
Replies: 30
Views: 2011

Re: Thoughts on mortgage as a negative bond

One could buy an immediate fixed income annuity (SPIA) that would cover the P&I payment (since it is fixed and will not be affected by inflation).

Then invest the remaining funds in the normal manner thereby bypassing the entire negative bond issue.
by riskreward
Wed Jan 01, 2014 9:26 am
 
Forum: Investing - Theory, News & General
Topic: Thoughts on mortgage as a negative bond
Replies: 53
Views: 3726

Re: Postpone Social Security to convert some tIRA to Roth?

Use this calculator to show how much of your social security will be taxable when combined with IRA withdrawals. You may find that it is not worth converting to Roth. If SS is the preponderance of your income, then you will probably pay little or no fed taxes. I would run one scenario with SS at 70 ...
by riskreward
Thu Nov 21, 2013 9:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Postpone Social Security to convert some tIRA to Roth?
Replies: 18
Views: 1185

Re: Determining spending with SWR and delayed Social Securit

Why don't you set it up as if you have already achieved the age 70 social security? In other words set aside 10 years of the $25k/yr (age 70 social security) or $250,000 as your social security bucket. You take out $25K per year from that safe bucket. The rest of your portfolio is your normal long t...
by riskreward
Sat Oct 05, 2013 11:34 am
 
Forum: Investing - Theory, News & General
Topic: Determining spending with SWR and delayed Social Security?
Replies: 26
Views: 922

Re: Contemplating a career change into corporate accounting.

I had a liberal arts degree in psychology. Got a job out of college in 1972 as a plant management trainee doing time studies. Moved within the corporation doing budgets for one of their divisions. Picked up an MBA in the evening mainly on the companies tab. At age 28 moved to another company doing c...
by riskreward
Wed Aug 14, 2013 9:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Contemplating a career change into corporate accounting...
Replies: 21
Views: 1881

Re: Learn Guitar or Piano?

You may drive around in your town Ina brand new shiny car Your face in the wind your haircut's in And your friends think you're bizarre you may find a cushy job and I hope that you go far But if you really want to taste some cool success You better learn to play guitar CHORUS: Play guitar--play guit...
by riskreward
Mon Jul 29, 2013 9:41 pm
 
Forum: Personal Consumer Issues
Topic: Learn Guitar or Piano?
Replies: 119
Views: 10825

Re: What is my financial advisor doing?

Have you ever wondered why the large highly capitalized firms such as Goldman Sachs with massive investments in technology, extensive networks to gov'ts and business and hordes of bright, ambitious, hard-working MBAs (striving to become partners) each specializing in a particular niche have a hard t...
by riskreward
Mon Jul 29, 2013 9:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is my financial advisor doing?
Replies: 49
Views: 3420

Re: The hazards of retiring ...

So if I come out of retirement, become a Walmart greeter and give up reading classic novels, I reduce my chances of dementia? :oops:
by riskreward
Wed Jul 17, 2013 4:54 am
 
Forum: Personal Consumer Issues
Topic: The hazards of retiring ...
Replies: 73
Views: 8430

Re: instantaneous SEC yield

Inter. term Investment Grade shows a non-updated SEC yield of 2.71%. It has a duration of 5.5.

Yesterday price fell 1.02%. For it's yield to go up a full 1% then yesterday's price would have been -5.5%.

1.02% divided by 5.50= .185. Adding .185 to the non-updated yield of 2.71%= 2.895% new yield
by riskreward
Sat Jul 06, 2013 11:35 am
 
Forum: Investing - Theory, News & General
Topic: instantaneous SEC yield
Replies: 23
Views: 1226

Re: Why is the market climbing so fast?

[Off-topic inflammatory comment removed by admin LadyGeek]
by riskreward
Fri Mar 15, 2013 5:00 pm
 
Forum: Investing - Theory, News & General
Topic: Why is the market climbing so fast?
Replies: 41
Views: 4834

Re: Pimco critique of passive investing

I guess I distinguish between investing in the total stock market index vs.total bond market index. In total stock market the more successful companies in market cap become a larger part of the index. I am ok with that. With total bond market the most needy (i.e. least successful) aka US govt bonds ...
by riskreward
Tue Feb 12, 2013 9:56 am
 
Forum: Investing - Theory, News & General
Topic: Pimco critique of passive investing
Replies: 48
Views: 3994

Re: International Equity volatility

Although many financial gurus do think diversifying using international is a good idea I haven't heard one say to do it in a big way. So if that is the case I again say why bother. Ric Edelman (who I'm not all that crazy about) says exactly what John Bogle says and that is no more than 20% and Dave...
by riskreward
Mon Dec 17, 2012 8:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: International Equity volatility
Replies: 47
Views: 1990

Re: Bernstein article on CNN

I'm a little confused as to how I can withdraw 4-5% (inverse 25-20 times) with no stocks and still have that money last. For example for a 4% inflation adjusted withdrawal rate and 0% stocks, the Trinity study shows only a 52% success rate for 25 years and a 19% success rate for 30 years. For 5% inf...
by riskreward
Thu Sep 06, 2012 6:05 am
 
Forum: Investing - Theory, News & General
Topic: Bernstein article on CNN
Replies: 64
Views: 5705

Re: Help a friend get out of massive debt

Everyone on this thread spends time and energy trying to help a friend of the OP. Would the OP's friend even take time to read these posts if the OP showed them to him? I doubt it. It might cut into his time doing fun things.
by riskreward
Mon Sep 03, 2012 8:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help a friend get out of massive debt
Replies: 57
Views: 5684

Re: Internet Car Buying- Lessons Learned

Thank you. Very helpful.
by riskreward
Thu May 24, 2012 7:34 am
 
Forum: Personal Consumer Issues
Topic: Internet Car Buying- Lessons Learned
Replies: 49
Views: 8740

Re: Are safe withdrawal studies modeled on preserving capita

"I don't understand how Vanguard's calculator can show such a markedly higher portfolio survival rate particularly at lower equity levels." It is due to their definition of "bonds". Not sure that is the explanation. From 1926-1975 Vanguard used High Grade Corporate debt and sinc...
by riskreward
Wed May 23, 2012 2:46 pm
 
Forum: Investing - Theory, News & General
Topic: Are safe withdrawal studies modeled on preserving capital?
Replies: 66
Views: 4165

Re: Are safe withdrawal studies modeled on preserving capita

Well, you need to read whatever actual study you are interested in. My impression it is usually the withdrawal rate that gives an acceptable risk of "portfolio exhaustion," running out of money. Notice by the way, that the assumption is that the 4% is the withdrawal rate for the first yea...
by riskreward
Wed May 23, 2012 6:54 am
 
Forum: Investing - Theory, News & General
Topic: Are safe withdrawal studies modeled on preserving capital?
Replies: 66
Views: 4165

Re: vanguard wellesley fund

Beware the recency effect. We have had a 30 year bull market in bonds.
by riskreward
Sun May 20, 2012 6:23 am
 
Forum: Investing - Help with Personal Investments
Topic: vanguard wellesley fund
Replies: 22
Views: 3614

Re: What if I'd gotten out of stocks in 1996 based on PE10?

What's the bond equivalent of the PE10 rule?

Wouldn't a 10 yr treasury 2% yield translate into the inverse of PE10 for bonds?

Why isn't there a rule for bonds too?
by riskreward
Tue Mar 20, 2012 8:09 am
 
Forum: Investing - Theory, News & General
Topic: What if I'd gotten out of stocks in 1996 based on PE10?
Replies: 42
Views: 2793

Re: Argument for a 100% stock allocation for 20 yr horizon

Fundtalker, Just plug your assumptions into a Monte Carlo simulation. It contains thousands of historical scenarios. Use a 20 year period and your withdrawal rate and see what it gives you using differing equity allocations. I have never seen in my situation where 100% equities has the highest succe...
by riskreward
Sat Mar 17, 2012 9:14 am
 
Forum: Investing - Theory, News & General
Topic: Argument for a 100% stock allocation for 20 yr horizon
Replies: 112
Views: 8426

Re: Any downside whatsoever to PenFed VISA??

No downside. I've been using it for 4 months. No problems.

I think that Penfed now has another card with an annual fee that may be worth looking at too.
by riskreward
Fri Mar 16, 2012 9:41 am
 
Forum: Personal Consumer Issues
Topic: Any downside whatsoever to PenFed VISA??
Replies: 8
Views: 878

Re: No stocks for Stockman?

For the zillionth time..no one knows what the markets will do in the future astoundingly even David Stockman.
by riskreward
Mon Mar 05, 2012 7:39 pm
 
Forum: Investing - Theory, News & General
Topic: No stocks for Stockman?
Replies: 29
Views: 2508

Re: CFP says 100% stock, wonders where "age in bonds" comes

Even if one were to ignore age in bonds, MPT, Graham's 25%, etc.... even Monte Caro simulation says: Per Vanguard's nestegg retirement calculator... survival of a $1 million portfolio at a 4% ($40,000) withdrawal over 50 :D years at 100% stocks =75%, at 75% stocks=77%. My advice to you, get a new ad...
by riskreward
Fri Feb 24, 2012 6:15 pm
 
Forum: Investing - Theory, News & General
Topic: CFP says 100% stock, wonders where "age in bonds" comes from
Replies: 85
Views: 4689

Re: Foreign equity allocation

From Troysapp, "Hi All, Most everything I've read suggests an equity allocation of no greater than 30 percent foreign (presumably for US investors). Why is this when over half of the investable equity market is outside the US? Does the rather consistent 30 percent limitation result from anticip...
by riskreward
Tue Feb 21, 2012 7:22 am
 
Forum: Investing - Theory, News & General
Topic: Foreign equity allocation
Replies: 102
Views: 3827

Re: Vanguard Managed Volatility Distribution Focus Fund

Shouldn't you have asked this question before you bought it, not after the fact?
by riskreward
Wed Feb 15, 2012 7:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Managed Payout Distribution Focus Fund
Replies: 10
Views: 948

Re: Ben Stein/Variable Annuity

Actually Ben Stein's book on retiring comfortably advocated 50% VTI and 50% total bond market as the recommended holding for retirees. Maybe he's getting a bad rap here. He sounds like a Boglehead to me.
by riskreward
Mon Jan 23, 2012 9:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ben Stein/Variable Annuity
Replies: 27
Views: 2833

Re: Bill Bengen has some provocative things to say

Bengen advocated relatively high equity holdings in order for a portfolio to be able to support a 4.2% withdrawal rate. During the 08/09 meltdown, I read that he panicked and bailed on stocks. I'm glad I'm not one of his clients. :roll:
by riskreward
Thu Dec 01, 2011 5:25 pm
 
Forum: Investing - Theory, News & General
Topic: Bill Bengen has some provocative things to say
Replies: 32
Views: 2631

It's no fun watching this train wreck over the past few years. It's even less fun to have endured the past 11 years. It seems evident to me that we all are going to have to prepare our portfolios and ourselves for a fairly long-running period of slow to minimal growth, along with uncertain interest...
by riskreward
Sun Sep 25, 2011 5:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Position in retirement
Replies: 27
Views: 2627

Lock in the historically low interest rates. Buy now.
by riskreward
Sun Sep 11, 2011 9:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Renting cheap apartment vs. buying house for growing family
Replies: 26
Views: 3188

I think you use sales orders. If you have QB make a copy of your company file then enter dummy transaction to see if it works.
by riskreward
Wed Aug 24, 2011 3:15 am
 
Forum: Personal Consumer Issues
Topic: Quickbooks schema or functional spec?
Replies: 6
Views: 578

If he's "underweight" U.S. Treasuries that means at one time (last year?) he had more than he has now. So he must have sold them to get underweight in U.S. Treasuries. When you sell a security you are "going short" that security. not really. He exchanged treasuries for other sov...
by riskreward
Sun Aug 21, 2011 10:53 am
 
Forum: Investing - Help with Personal Investments
Topic: PIMCO's Gross: Recession inevitable
Replies: 14
Views: 2498

Maybe I missed it but I never see any mention of the impact of state taxes on the SS withdrawal decision. My state exempts SS from taxation. This factor would call for taking SS earlier as opposed to having to pay state taxes on an IRA withdrawal as a result of having deferred SS.
by riskreward
Mon Aug 01, 2011 10:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Web/Online calculators: When to Collect Social Security?
Replies: 29
Views: 11437

Re: Who wishes they bought some gold now?

jh wrote:Who wishes they bought some gold now? I do.

The permanent portfolio devotees were right. People like myself that mocked the idea of buying gold were wrong.


The very fact of you posting this is a good contrarian indicator that gold's run is over.
by riskreward
Sat Jul 30, 2011 7:53 pm
 
Forum: Investing - Theory, News & General
Topic: ...
Replies: 70
Views: 6948

statsguy wrote:Weiner or Wiener? I try to call him DW since I can never remember.

From the website
Daniel P. Wiener is editor of The Independent Adviser for Vanguard Investors



i before e except after c
by riskreward
Sat Jul 23, 2011 6:36 pm
 
Forum: Investing - Theory, News & General
Topic: who is Dan Weiner?
Replies: 53
Views: 12682

Just hit balls at the range. It's a lot cheaper, you'll get better and when the time comes when you're ready to play you'll be ready.
by riskreward
Wed Jun 22, 2011 7:45 pm
 
Forum: Personal Consumer Issues
Topic: Should I continue to play golf?
Replies: 42
Views: 3889

I'd like to buy Gundlach for what he's worth and sell him for what he thinks he's worth.
by riskreward
Wed May 18, 2011 6:51 pm
 
Forum: Investing - Theory, News & General
Topic: Bond fund Mgr Jeff Gundlach:"I have a gift"
Replies: 38
Views: 3954

Bogle capitalizes social security/pension income as a bond when advocating age in bonds. I saw an article within the last year where he continued to do so. He gave an example of SS having a capitalized value for an individual of say $300k. If their portfolio was also $300k and the individual was 70 ...
by riskreward
Tue Apr 19, 2011 12:58 am
 
Forum: Investing - Theory, News & General
Topic: Vast diff. bet. Vanguard Target Funds & Age in Bonds Rul
Replies: 25
Views: 3250

The recency bias plus herd behavior comes into play also. Since it has been going down, it will continue to go down. So when S&P goes to 666, there's a chorus screaming that it's going to say 333. You already endured a 50% hit and can't bear the thought of losing another 50%. Your post is Spockl...
by riskreward
Wed Apr 13, 2011 8:26 pm
 
Forum: Investing - Theory, News & General
Topic: Selling equities during declines for psychological reasons
Replies: 50
Views: 2440

Opponent Process wrote: I'm pro-death and I think there are at least a few other Bogleheads who feel the same way. I think there are much more productive uses of capital than keeping someone so old and diseased alive. the concept of spending hard-earned money accumulated over a lifetime on something...
by riskreward
Mon Apr 11, 2011 9:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads buy Long Term Care Insurance?
Replies: 197
Views: 21773

The components of a portfolio are not supposed to be necessary correlated. So it's good when one part zigs and the other part zags. Look at the overall results not the results of each component.
by riskreward
Sun Apr 10, 2011 8:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: i cant stand to lose
Replies: 18
Views: 2442
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