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Re: Career change: realistic expectations and risks

If you leave the military before your planned retirement, stick with a job for which you are already somewhat uniquely qualified (defense industry.) If you can hang on, remember that defense spending also has a business cycle, although it's more of a political cycle, and that could shift in the futu...
by tibbitts
Fri Oct 31, 2014 8:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Career change: realistic expectations and risks
Replies: 19
Views: 1530

Re: Should I buy a New Car?

A couple of issues that you'll find with car threads on this site: 1. Bogleheads seldom consider the possibility of sometimes frequently and unexpectely having to change vehicle types. It's sort of like the 100% (or 90%, etc.) equity posts assume everybody will live to old age and won't need/want to...
by tibbitts
Thu Oct 30, 2014 6:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I buy a New Car?
Replies: 21
Views: 1324

Re: Car Rental Return Frustration in Spain

I think that's a rather good story. I bet you tell it well at the end of a dinner party with friends, and the tale will probably grow as the years go by. Imo, this is what makes travel exciting. Joining the gray hairs on the cruise ship and charter bus avoid this, and is another option, then again ...
by tibbitts
Wed Oct 29, 2014 8:59 am
 
Forum: Personal Consumer Issues
Topic: Car Rental Return Frustration in Spain
Replies: 17
Views: 1513

Re: Car Rental Return Frustration in Spain

I think that's a rather good story. I bet you tell it well at the end of a dinner party with friends, and the tale will probably grow as the years go by. Imo, this is what makes travel exciting. Joining the gray hairs on the cruise ship and charter bus avoid this, and is another option, then again ...
by tibbitts
Wed Oct 29, 2014 8:58 am
 
Forum: Personal Consumer Issues
Topic: Car Rental Return Frustration in Spain
Replies: 17
Views: 1513

Re: Donee Unable to Accept Stock

We (as small non-profit) had this situation come up recently when a donor wanted to give stock. We just went down to Fidelity with a copy of our charter, EIN, etc. and opened a brokerage account in a matter of minutes, simple as pie. Now we can offer stock donation as an option, which of course is ...
by tibbitts
Mon Oct 27, 2014 7:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Donee Unable to Accept Stock
Replies: 22
Views: 1889

Re: Donee Unable to Accept Stock

I'm not an expert, but I know that government-funded public libraries (assuming that's what this is) definitely don't qualify as non-profits for other purposes that I work with frequently. Foundations associated with the library ("friends of the library", etc.) may qualify, and a foundati...
by tibbitts
Mon Oct 27, 2014 8:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Donee Unable to Accept Stock
Replies: 22
Views: 1889

Re: Should I use 50k Delta miles for a $600 flight?

$600 is fairly pricey for your itinerary, though it is the holidays so maybe that's the going rate among all carriers. Maybe you have limited flexibility, so these questions are moot: Are you locked in with Delta? Did you broaden your search terms to nearby airports (e.g. BUR)? Different dates? 1-s...
by tibbitts
Mon Oct 27, 2014 8:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I use 50k Delta miles for a $600 flight?
Replies: 73
Views: 4371

Re: Donee Unable to Accept Stock

I'm not an expert, but I know that government-funded public libraries (assuming that's what this is) definitely don't qualify as non-profits for other purposes that I work with frequently. Foundations associated with the library ("friends of the library", etc.) may qualify, and a foundatio...
by tibbitts
Mon Oct 27, 2014 8:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Donee Unable to Accept Stock
Replies: 22
Views: 1889

Re: Vanguard High Yield Fund for Roth IRA

You have to accept that there are some recommendations that experts simply disagree on, and this is one of those. So in the end you have to use your judgement.
by tibbitts
Sun Oct 26, 2014 9:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard High Yield Fund for Roth IRA
Replies: 9
Views: 1041

Re: A Message from Jack

Please add my personal thanks to the group posting here, who were unable to attend the event. In addition to my gratitude for your championship of wise personal investment, I would like to thank you for inspiring me to critically examine the behavior of others in management, particularly those on '...
by tibbitts
Sun Oct 26, 2014 2:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: A Message from Jack
Replies: 25
Views: 5093

Re: Back of the envelope recommendation requested

One additional thought: 60/40 is viewed by most as too conservative except for someone much older, but it used to be viewed as the default asset allocation. Here are two short articles which explain why it's still a good option: http://web.archive.org/web/20061214061904/http://dfmadvisors.com/pdf/B...
by tibbitts
Sun Oct 26, 2014 2:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Back of the envelope recommendation requested
Replies: 19
Views: 1459

Re: Lump Sum vs Pension

Without knowing the specifics, I think a reasonably stable pension for a reasonably healthy person is almost always the better choice, because of the wildly optimistic assumptions they were designed with. We're debating whether you could get maybe $7k/year SWR from your lump sum, and you'd be turnin...
by tibbitts
Sun Oct 26, 2014 11:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum vs Pension
Replies: 15
Views: 1413

Re: Adoption [Experience from those who have adopted]

My only experience is more than a decade ago with one failed adoption process and three foster children. The first two foster experiences were relatively positive, except for the frustration that the emphasis of foster care is getting the child back to the situation that caused them to be put into f...
by tibbitts
Sun Oct 26, 2014 11:41 am
 
Forum: Personal Consumer Issues
Topic: Adoption [Experience from those who have adopted]
Replies: 28
Views: 2963

Re: Done with Honda, not sure what next car should be?

For example, my reservations with Hyundai have nothing to do with the corporation and everything to do with the attitudes of the local dealership. As if the reviews weren't bad enough, they basically admitted to a local newspaper that their service department would not provide prompt warranty servi...
by tibbitts
Sun Oct 26, 2014 12:00 am
 
Forum: Personal Consumer Issues
Topic: Done with Honda, not sure what next car should be?
Replies: 77
Views: 6972

Re: $50,000 in Private Loans for Nursing Degree

4. If I do fail, this program will let you retake a course and extend the program to 18 months. One graduate of the program I met graduated with a 3.94 and passed his NCLEX (boards) exam the first time through. He said the program was entirely possible for anyone willing to be responsible and study...
by tibbitts
Sat Oct 25, 2014 10:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: $50,000 in Private Loans for Nursing Degree
Replies: 34
Views: 3074

Re: Done with Honda, not sure what next car should be?

For example, my reservations with Hyundai have nothing to do with the corporation and everything to do with the attitudes of the local dealership. As if the reviews weren't bad enough, they basically admitted to a local newspaper that their service department would not provide prompt warranty servi...
by tibbitts
Sat Oct 25, 2014 9:58 pm
 
Forum: Personal Consumer Issues
Topic: Done with Honda, not sure what next car should be?
Replies: 77
Views: 6972

Re: Done with Honda, not sure what next car should be?

I think it's unproductive to search for a benevolent automaker, although part of the problem is that you have to work with both the manufacturer and dealer when you have an issue.
by tibbitts
Sat Oct 25, 2014 9:53 pm
 
Forum: Personal Consumer Issues
Topic: Done with Honda, not sure what next car should be?
Replies: 77
Views: 6972

Re: $50,000 in Private Loans for Nursing Degree

Although this seldom comes up in discussions on this forum, some of us would have to consider the possibility of failing, losing all the money, and not getting the degree. At least with some accelerated programs, you don't get a second chance. You fail one class/module, and the only alternative is t...
by tibbitts
Fri Oct 24, 2014 9:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: $50,000 in Private Loans for Nursing Degree
Replies: 34
Views: 3074

Re: Young Investors Plan – I'm Firing Questions!

I think a lot of the replies are missing the point that the OP is probably participating in a db pension. It's possible the the OP is contributing or maybe only the employer is contributing, but the contributions probably total somewhere around 15-20% of salary. So we really need more information - ...
by tibbitts
Fri Oct 24, 2014 8:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Young Investors Plan – I'm Firing Questions!
Replies: 13
Views: 1752

Re: Squaring the Circle

Hey All, How would you square this circle? I have two competing goals. I want to put my wealth in a living trust and leave it to my beneficiaries and their progeny. That's simple enough. Passive index funds seem to be the best choice. The fly in the ointment is the second goal. I need current incom...
by tibbitts
Thu Oct 23, 2014 8:57 am
 
Forum: Personal Finance (Not Investing)
Topic: [Wants current income and to leave an estate]
Replies: 9
Views: 716

Re: Got my first cold call - does this mean I've 'made it?'

In defense of cold-calling, probably a significant percentage of the earnings that many of us here have enjoyed have been generated from cold calling - perhaps even more so in the pre-internet era. Some of us have done cold calling ourselves, some not, but many have benefited from it.
by tibbitts
Thu Oct 23, 2014 8:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Got my first cold call - does this mean I've 'made it?'
Replies: 30
Views: 5462

Re: Why I won't have bond funds

So let me be sure I have this right. In 2010, Burton Malkiel and Charles D. Ellis publish The Elements of Investing , and say.. ...One asset class that belongs in most portfolios is bonds... Just three years later, in the 2013 2nd edition of The Elements of Investing , everything is out the window....
by tibbitts
Wed Oct 22, 2014 8:28 pm
 
Forum: Investing - Theory, News & General
Topic: Why I won't have bond funds
Replies: 54
Views: 7981

Re: Leon Cooperman giving the same advice as Warren

Does it make you wonder if Vanguard has too much of an vested interest to change their view on bonds. Yes, VG does. Where do you expect the bond money would go if VG "changes its view?" Away from VG? I believe the argument being made isn't to take a 50/50/0(cash) portfolio and make it 50/...
by tibbitts
Tue Oct 21, 2014 8:56 am
 
Forum: Investing - Theory, News & General
Topic: Leon Cooperman giving the same advice as Warren
Replies: 47
Views: 3271

Re: Leon Cooperman giving the same advice as Warren

A few months ago I asked Vanguard the following question on Facebook. Warren Buffett is telling the average Jane and Joe to say out of bonds and keep enough in cash to stay secure and put the rest in a low cost index fund that buys America. His particular choice is the Vanguard Index 500. Today on ...
by tibbitts
Mon Oct 20, 2014 9:16 pm
 
Forum: Investing - Theory, News & General
Topic: Leon Cooperman giving the same advice as Warren
Replies: 47
Views: 3271

Re: Computer codes availability at indep. repair garages?

Yes, some of that covers overhead like rent, tooling, training, oil disposal, etc; this is how a business works. If your shop is charging less as a loss leader to get in the door then they are under pressure to "up-sell" you and everybody else on different repairs that may or may not be n...
by tibbitts
Mon Oct 20, 2014 8:58 am
 
Forum: Personal Consumer Issues
Topic: Computer codes availability at indep. repair garages?
Replies: 42
Views: 1824

Re: Need advice: retired, now return to work FT at same empl

So, the employer has maintained that you'll receive benefits as a new employee would? I guess I would have assumed otherwise. It's certainly reasonable to try to negotiate for better, but, except at higher levels in the organization, some policies in larger companies are pretty much set in stone. M...
by tibbitts
Sun Oct 19, 2014 3:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need advice: retired, now return to work FT at same employer
Replies: 17
Views: 1323

Re: Need advice: retired, now return to work FT at same empl

So, the employer has maintained that you'll receive benefits as a new employee would? I guess I would have assumed otherwise. It's certainly reasonable to try to negotiate for better, but, except at higher levels in the organization, some policies in larger companies are pretty much set in stone. Ma...
by tibbitts
Sat Oct 18, 2014 12:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need advice: retired, now return to work FT at same employer
Replies: 17
Views: 1323

Re: Are Vanguard's target-retirement funds too aggressive?

Well, we've gone from a debate between fixed 50/50 or 60/40 for everybody vs. age in bonds, to age-10, then to age-20, and now we have these TR allocations. Certainly VG made a huge revision to the the TR allocations to make them more aggressive. I seem to recall that happening at pretty much the wo...
by tibbitts
Fri Oct 17, 2014 7:40 pm
 
Forum: Investing - Theory, News & General
Topic: Are Vanguard's target-retirement funds too aggressive?
Replies: 24
Views: 1731

Re: How did you get from $1M to $10M

I am at $1M net worth. I have no plans of stopping here and next goal is $10M. I want to hear from people how they reached that level. I trust Brian Tracy "Your first million is the hardest, next 99 is inevitable". Did you just use the same investing strategy post $1M mark? Did you seek a...
by tibbitts
Thu Oct 16, 2014 7:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: How did you get from $1M to $10M
Replies: 46
Views: 4056

Re: Dry Powder

Couple of months back I started a couple of discussions on having Cash as a targeted allocation in the portfolio for SOLE purpose of buying in dips. This does not apply to the bucket approach where retirees have a portion in Cash/ST instruments to withstand market drops (For example, having one yea...
by tibbitts
Thu Oct 16, 2014 8:55 am
 
Forum: Investing - Theory, News & General
Topic: Dry Powder
Replies: 49
Views: 3528

Re: Teaching A Class, What Investment Advice Do I Give?

Since you are teaching a structured class, I am not sure if you would be allowed to differ much from Dave's materials. It would almost be like changing his message, like putting the baby steps in different order, or skipping one or something. You do have some responsibility to the material I believ...
by tibbitts
Wed Oct 15, 2014 11:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Teaching A Class, What Investment Advice Do I Give?
Replies: 20
Views: 1891

Re: Roll Over Old TIAA CREF Account?

Nobody knows what the terms of your TIAA contract is. Nobody knows how much money you have invested in TIAA or how big a percentage of your investments that represents. Nobody can make very useful comments without knowing that. Given that, if you have access to a 3% or more Traditional account, put ...
by tibbitts
Wed Oct 15, 2014 7:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roll Over Old TIAA CREF Account?
Replies: 15
Views: 777

Re: Why Are Expected Investment Returns So Low?

Absolute % of returns don't matter. What matters is "returns MINUS inflation rate" for the things that you intend on using money for. Yes, but almost the entire thread has been about real returns. Are you referring to what you a difference in "official" vs. personal inflation ra...
by tibbitts
Wed Oct 15, 2014 8:47 am
 
Forum: Investing - Theory, News & General
Topic: Why Are Expected Investment Returns So Low?
Replies: 13
Views: 1686

Re: Teaching A Class, What Investment Advice Do I Give?

I think you can point them to VG, this forum, or some other source for specific advice, but I don't think the context of the class is appropriate for providing direct, specific financial advice to individuals.
by tibbitts
Tue Oct 14, 2014 11:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Teaching A Class, What Investment Advice Do I Give?
Replies: 20
Views: 1891

Re: What if I make a mistake in choosing IRA

Unless you fall into some obvious category (50% marginal tax rate, 0% marginal tax rate), or have other tax-deferred accounts (401k), put 50% of your annual contribution into each type of IRA, and call it "tax strategy diversification." If you contribute to other deferred accounts (401k), ...
by tibbitts
Tue Oct 14, 2014 8:52 am
 
Forum: Investing - Help with Personal Investments
Topic: What if I make a mistake in choosing IRA
Replies: 9
Views: 677

Re: Should your AA change based on World Events?

SuperSaver wrote:After hearing about Europe's long-term economy being down-graded, I'm thinking about tilting more to US 60/40. This seems reasonable, especially if smarter people than me predicting about a lost-decade abroad.
Thoughts?

Not even close to reasonable.
by tibbitts
Mon Oct 13, 2014 7:11 pm
 
Forum: Investing - Theory, News & General
Topic: Should your AA change based on World Events?
Replies: 22
Views: 1388

Re: Credit Card Issue

My goal these days is to never talk with anyone at a financial institution. I've found their computers to be more accurate and friendly than their people. I've had Chase rewards cards for about 10 years now and I'm pretty sure I'm close to scoring 100% towards meeting that goal. Unfortunately I'm n...
by tibbitts
Mon Oct 13, 2014 8:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Issue
Replies: 26
Views: 1927

Re: Avoid logging into brokerage account

From a security or error-correction standpoint it's probably a bad idea to avoid viewing your accounts. It can be more difficult to fix something if you say "well, something happened that shouldn't have during the last six or eight or ten months" than if you report it much closer to the oc...
by tibbitts
Mon Oct 13, 2014 8:42 am
 
Forum: Investing - Theory, News & General
Topic: Avoid logging into brokerage account
Replies: 17
Views: 1707

Re: New tires, where to buy

I bought my last set of tires from tirebuyer.com (a tirerack competitor). I guess I don't see that there is any extra effort there is in buying tires online. I placed my order, had them shipped to a garage two block from my office, I drop off the car and walk over and pick it up a couple of hours l...
by tibbitts
Sun Oct 12, 2014 9:35 pm
 
Forum: Personal Consumer Issues
Topic: New tires, where to buy
Replies: 36
Views: 2615

Re: Buy a new car, or fix the old one?

i would get a new car if it isn't a financial burden. You've gotten a good value in nine years, and you can't take your $$ with you after you die. It would be reasonable to go with a new car or, even better, a 1 year old preowned one. I think a lot of forum members are way too conservative (maybe &...
by tibbitts
Sun Oct 12, 2014 6:44 pm
 
Forum: Personal Consumer Issues
Topic: Buy a new car, or fix the old one?
Replies: 55
Views: 3024

Re: Portfolio Question - 457 Plan with High Expense Ratios?

Good info. For such Stable Value Funds, the 1-year return matters; that is what they promise to pay. A return of 1.86% (assuming it is net of expenses) is not so good. Sometimes those can be return 3% or more, and so they certainly can be used as a bond portion. Bogleheads, could you please weigh i...
by tibbitts
Sun Oct 12, 2014 6:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Question - 457 Plan with High Expense Ratios?
Replies: 16
Views: 1156

Re: Stable Income Fund vs. Total Bond Market

Well, the percent yield will immediately increase, but it seems that the dollars paid out every month won't until the fund composition changes. So if you measure "yield" by how much income you receive, as many people do, the "higher yield" you get right away won't help much in t...
by tibbitts
Sun Oct 12, 2014 4:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stable Income Fund vs. Total Bond Market
Replies: 32
Views: 2225

Re: Credit Card Issue

My goal these days is to never talk with anyone at a financial institution. I've found their computers to be more accurate and friendly than their people. I've had Chase rewards cards for about 10 years now and I'm pretty sure I'm close to scoring 100% towards meeting that goal. Unfortunately I'm n...
by tibbitts
Sun Oct 12, 2014 3:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Issue
Replies: 26
Views: 1927

Re: Credit Card Issue

My goal these days is to never talk with anyone at a financial institution. I've found their computers to be more accurate and friendly than their people. I've had Chase rewards cards for about 10 years now and I'm pretty sure I'm close to scoring 100% towards meeting that goal. Unfortunately I'm n...
by tibbitts
Sun Oct 12, 2014 3:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Issue
Replies: 26
Views: 1927

Re: Buy a new car, or fix the old one?

You can't "call around" for estimates because you don't know what the exact problem is or solution would be. Which brings up one of the problems of an older car: the amount of your time and energy they consume. Unless you have an absolutely trustworthy and inexpensive source of repair, or ...
by tibbitts
Sun Oct 12, 2014 2:26 pm
 
Forum: Personal Consumer Issues
Topic: Buy a new car, or fix the old one?
Replies: 55
Views: 3024

Re: Repair Van or buy new Van/SUV?

Understand that if you buy the part yourself you're taking the risk that if something goes wrong, you'll be on the hook for the labor to re-do the repair. I had a fairly expensive repair done once, where the vast majority of the cost was labor. A $12 part failed (might have been $8 if I'd bought it ...
by tibbitts
Sun Oct 12, 2014 12:01 pm
 
Forum: Personal Consumer Issues
Topic: Repair Van or buy new Van/SUV?
Replies: 20
Views: 1462

Re: Best solution for clouded auto headlight lens?

I think the problem is model-specific. I have a 4yr old car (with 3yr warranty of course) where after 3.5 years the clearcoat started peeling off the lenses. I believe the clearcoat has UV protection in it as well. The lenses are getting cloudy where there's no clearcoat, and are like new everywhere...
by tibbitts
Sun Oct 12, 2014 11:28 am
 
Forum: Personal Consumer Issues
Topic: Best solution for clouded auto headlight lens?
Replies: 31
Views: 2699

Re: Stable Income Fund vs. Total Bond Market

This is wrong: the yield of the fund will increase instantly without any bonds needing to be replaced. The yield-to-maturity figures of component bonds jump to match the market yield; the component you're missing is capital gains as bonds regain lost market value the more they approach maturity, co...
by tibbitts
Sat Oct 11, 2014 8:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stable Income Fund vs. Total Bond Market
Replies: 32
Views: 2225

Re: Stable Income Fund vs. Total Bond Market

My own SV is at 2.0%, so not that easy a call either (with easy for me being closer to 3%.) I'd either go entirely with the 1.72%, or split the investments between both choices.
by tibbitts
Sat Oct 11, 2014 3:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stable Income Fund vs. Total Bond Market
Replies: 32
Views: 2225

Re: Recommend a NAS HD

Dropbox is a possibility that I wasn't considering before, it seems prices keep dropping on that storage. I'm not sure how a separate computer would be better than a NAS; they seem to cost more, have less space, and aren't optimized out of the gate for network; if you could clarify how one is bette...
by tibbitts
Sat Oct 11, 2014 1:12 pm
 
Forum: Personal Consumer Issues
Topic: Recommend a NAS HD
Replies: 17
Views: 816
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