Search found 103 matches

by DFAMAN
Wed Nov 08, 2017 1:19 pm
Forum: Investing - Theory, News & General
Topic: DFA access
Replies: 27
Views: 2605

Re: DFA access

I don't know of any offering access for a one-time fee, but Meb Faber tweeted yesterday about a roboadvisor offering DFA access for only 25 basis points. See below. Meb Faberā€Verified account @MebFaber Nov 7 Wondered why someone didn't launch a 0.25% DFA roboadvisor...looks like it is now a reality....
by DFAMAN
Thu Nov 02, 2017 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: stopped check / holder in due course
Replies: 16
Views: 1661

Re: stopped check / holder in due course

A holder in due course takes free of most defenses of the check writer (technically, the "maker"). The law favors holders in due course in this situation - otherwise, nobody would be able to negotiate checks/cash them with a third party without that third party having to fully investigate whether th...
by DFAMAN
Fri Jun 16, 2017 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 6790

Re: Curious to odd estate question

For those suggesting providing in Will that OP be buried with his cash, or that cash be literally destroyed, there actually is law on that. People have tried, but courts won't allow the "dead hand" of the past to simply destroy property/wealth for the sake of destroying it. If assets remain, they ha...
by DFAMAN
Fri Jun 09, 2017 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: High Income Earner Humbly Seeks Advice
Replies: 81
Views: 14861

Re: High Income Earner Humbly Seeks Advice

I realize that the bias on this board is toward "do it yourself" management, but with your existing assets and earning potential, I don't think it would be a bad idea for you to consider an advisor (not a broker) with whom you should be able to negotiate a very reasonable (less than 40 basis points ...
by DFAMAN
Mon Mar 20, 2017 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Legacy Savings Organizations as Potential Replacement for Traditional Longevity Insurance
Replies: 0
Views: 235

Legacy Savings Organizations as Potential Replacement for Traditional Longevity Insurance

M. A. Gumport recently published an Article entitled, "Legacy Savings Organizations: Beating Deferred Annuity Insurance Benefits by Over 50%; Practical Plan for Funding Extra-Long Retirement." The author argues that traditional annuity-based longevity insurance is a poor product for a number of reas...
by DFAMAN
Sun Jan 22, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Questions about probate and tax returns after MIL's passing
Replies: 15
Views: 1880

Re: Questions about probate and tax returns after MIL's passing

I'm not an expert in your state's laws, but in my state language in the will indicating that assets go to the existing trust is not an "automatic" transfer of those assets to the trust, as that provision is valid only if the will is valid. The will would still have to be admitted to probat...
by DFAMAN
Thu Jan 19, 2017 3:27 pm
Forum: Investing - Theory, News & General
Topic: Y2k retiree how is s/he holding up after 2016
Replies: 26
Views: 4466

Re: Y2k retiree how is s/he holding up after 2016

Here is s piece from the Retire Early site where the author looks at how various portfolios would have performed (with 4% inflation adjusted withdrawals) for (i) a retire who retired in 1994 and (ii) a retiree who retired at the beginning of 2000. This is only through 2015, however.

http://www.retireearlyhomepage.com/reallife16.html
by DFAMAN
Tue Jan 03, 2017 1:33 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 32599

Re: Whats your number to walk away?

Just walked away at 52 with a bit over $8 million of investment assets and paid off house.
by DFAMAN
Mon Sep 26, 2016 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Cancer Insurance
Replies: 23
Views: 2016

Re: Cancer Insurance

OP, here. Thanks for the responses. The only options available on the individual market (in my city) are HMOs and EPOs (exclusive provider organizations). None of these provide ANY coverage for any portion of care incurred at out of network facilities, except in emergency situations.
by DFAMAN
Mon Sep 26, 2016 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Cancer Insurance
Replies: 23
Views: 2016

Cancer Insurance

The health coverage available to an individual (non group plan) in my area (Texas) has very limited networks of included hospitals. Maybe I can live with that for the most part, but the one area that concerns me the most involves a potential diagnosis of cancer and the desire to go to a major cancer...
by DFAMAN
Thu Aug 18, 2016 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Should I hire a wealth management company to manage my money?
Replies: 16
Views: 2410

Re: Should I hire a wealth management company to manage my money?

If you have $5 million or more to invest, you should be able to find a top-quality fee-only advisor for much less than the amounts you cited - probably more like 40 to 45 basis points per year. If you decide to do it, in my opinion you should pick one with access to DFA funds.
by DFAMAN
Wed Aug 03, 2016 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Question about Estate Exemption
Replies: 12
Views: 1454

Re: Question about Estate Exemption

What about this variation: H & W EACH own $5M of highly appreciated stock. Husband gets an absolutely terminal illness. Wife immediately gifts all of her stock to her husband, transfer tax free because he is her legal husband. Wife then has zero assets titled as hers. Husband passes and wife in...
by DFAMAN
Sun Jul 31, 2016 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting partnerships to kids; do they need a pre-nup?
Replies: 46
Views: 3958

Re: Gifting partnerships to kids; do they need a pre-nup?

I don't think the view of the donor as acting purely rationally and everything else as emotion is correct. There are emotions all round. Could you elaborate? I want to make sure I see all possible POVs. As an aside, I never said others were only acting emotionally, or that everything else was emoti...
by DFAMAN
Sat Jul 30, 2016 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting partnerships to kids; do they need a pre-nup?
Replies: 46
Views: 3958

Re: Gifting partnerships to kids; do they need a pre-nup?

Once again not giving individualized legal advice here, but if it were me (in Texas) and I wasn't concerned about the spouse's ability to claim 50% of distributions from the partnership (in whatever form), I don't think I would worry about getting the spouse to sign anything. When I would make the g...
by DFAMAN
Sat Jul 30, 2016 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting partnerships to kids; do they need a pre-nup?
Replies: 46
Views: 3958

Re: Gifting partnerships to kids; do they need a pre-nup?

It sounds (from one of your previous responses) that you understand this, but under Texas law the income on separate property is community property (unless there's an agreement otherwise). Talk to a lawyer, but note that there is some confused case law in Texas in the context of partnerships where d...
by DFAMAN
Wed Jul 27, 2016 10:52 am
Forum: Personal Finance (Not Investing)
Topic: BigLaw compensation portrayed accurately by media?
Replies: 43
Views: 5583

Re: BigLaw compensation portrayed accurately by media?

My sense is that, at the very top firms (top 10-12 in AmLaw 100), very few associates go into the job thinking they will make partner. They either know they want a better lifestyle at some point or they believe it is nearly impossible to make partner. The lifestyle of a partner (at least in the firs...
by DFAMAN
Thu Jun 02, 2016 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: "Getting Stretch IRA Treatment When Using An A-B Trust As An IRA Beneficiary" by Michael Kitces
Replies: 8
Views: 915

Re: "Getting Stretch IRA Treatment When Using An A-B Trust As An IRA Beneficiary" by Michael Kitces

BSteiner, thanks so much for the detailed reply. When you "speak" on this forum on estate planning matters, people definitely listen. Thanks again!
by DFAMAN
Thu Jun 02, 2016 10:04 am
Forum: Personal Finance (Not Investing)
Topic: "Getting Stretch IRA Treatment When Using An A-B Trust As An IRA Beneficiary" by Michael Kitces
Replies: 8
Views: 915

Re: "Getting Stretch IRA Treatment When Using An A-B Trust As An IRA Beneficiary" by Michael Kitces

Also, he treats the marital trust and the QTIP trust as different types of trusts, when a QTIP trust is a type of marital trust (and the type that accounts for almost all marital trusts). I thought I read someplace that the IRS has raised the possibility that an election to treat a trust for a surv...
by DFAMAN
Wed May 18, 2016 10:04 am
Forum: Investing - Theory, News & General
Topic: Updated Results of Various Investment Portfolios
Replies: 1
Views: 635

Updated Results of Various Investment Portfolios

John Greaney has posted an update on the Retire Early Home Page, showing results that retirees would have experienced with different investment portfolios if they had retired either (a) at the end of 1994, as Greaney did or (b) at the end of 1999 (to face a tough initial decade in retirement). He as...
by DFAMAN
Sat May 14, 2016 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 279
Views: 50012

Re: Physician Retirement Savings

Age 42, wife 40 both physicians Retirement savings 2.5M Net worth 3.8M Goal retirement savings 8M and retire in 8-10 years Curiosity. Do you 'need' 8 million to retire comfortably? $8 million is my target as well (I'm about 10 years older than KS289 and am about to the target). Sure, my wife and I ...
by DFAMAN
Mon Apr 18, 2016 12:50 pm
Forum: Investing - Theory, News & General
Topic: Ken Moraif must be getting nervous
Replies: 43
Views: 11033

Re: Ken Moraif must be getting nervous

I have posted about Ken Moraif before. He employs a market timing system based on 200 day moving averages (although he claims that there is some additional proprietary "secret sauce"). Market timing based on moving averages may very well protect from really bad bear markets, but the quest...
by DFAMAN
Mon Mar 28, 2016 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of Future Pension on Current Withdrawal Rate
Replies: 6
Views: 632

Re: Impact of Future Pension on Current Withdrawal Rate

Thanks for the responses. Because the major portion of our retirement nest egg has come from very high earnings during the last 15 years at work, about 90% of what we have is in a taxable account. We don't anticipate touching pre-tax accounts until 70 1/2. Our taxes should be quite low in early year...
by DFAMAN
Mon Mar 28, 2016 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Impact of Future Pension on Current Withdrawal Rate
Replies: 6
Views: 632

Impact of Future Pension on Current Withdrawal Rate

I have a vested defined benefit pension (non-COLA) that will not begin paying out until I turn 65. This means that I may be retired for 11-12 years before the pension payments begin. Because of this, I may draw a bit more from our other retirement assets until age 65 than I would be comfortable with...
by DFAMAN
Sat Mar 19, 2016 10:06 am
Forum: Investing - Theory, News & General
Topic: Ken Moraif must be getting nervous
Replies: 43
Views: 11033

Re: Ken Moraif must be getting nervous

[ DFAMAN- Thanks for your posts on this thread. Very interesting! Did you see this article yesterday by Moraif that was the Marketwatch site? m I'd be interested in your comments about it. Thanks for the link, goingup. I don't know what he does with actual client portfolios (in terms of mixing in f...
by DFAMAN
Thu Mar 17, 2016 1:56 pm
Forum: Investing - Theory, News & General
Topic: Ken Moraif must be getting nervous
Replies: 43
Views: 11033

Re: Ken Moraif must be getting nervous

This is from his latest email alert (available on his website), dated March 13. "While I give it a very small possibility, we could reach our buy trigger in the coming weeks. As you know, once we get beyond six months of our sell, our buy trigger is very accurate. We reached the sixth-month poi...
by DFAMAN
Thu Feb 18, 2016 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Cost basis step-up for inherited house
Replies: 9
Views: 1081

Re: Cost basis step-up for inherited house

For whatever it's worth, when a spouse dies in a community property state, the surviving spouse gets a stepped-up basis on the entire house, not just on the 50% interest of the deceased spouse.
by DFAMAN
Wed Dec 09, 2015 3:34 pm
Forum: Investing - Theory, News & General
Topic: Childrens' Student Loans Delaying Retirement
Replies: 153
Views: 14495

Re: Childrens' Student Loans Delaying Retirement

The major chosen has to have a well defined job after graduation. There are plenty of sites out there showing salary and demand for specific jobs. If the kid can't line up a job with a major, then look for plumbing school or let them work at Dick's while they attend community college. Engineering m...
by DFAMAN
Wed Dec 09, 2015 2:43 pm
Forum: Investing - Theory, News & General
Topic: Ken Moraif must be getting nervous
Replies: 43
Views: 11033

Re: Ken Moraif must be getting nervous

" I am not sure why he is on Barron's top advisor list....... At the beginning of his program, he includes some oral disclosure about the Barron's ranking. He says that the ranking is based on (1) volume of assets managed, (2) revenues generated and (3) quality of practice; the quality of prac...
by DFAMAN
Mon Nov 30, 2015 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Would you consider an eventual inheritance?
Replies: 43
Views: 7016

Re: Would you consider an eventual inheritance?

Wow, the story of my mother's "stepmom" is very similar. My wealthy grandfather married a younger woman after my grandmother died, and then he died of cancer about a decade later (when I was a small child). Everything was left to his wife. She just passed about a year ago after being in a...
by DFAMAN
Sun Nov 29, 2015 7:15 pm
Forum: Investing - Theory, News & General
Topic: Fixed Asset Allocation for the rest of your life
Replies: 60
Views: 7795

Re: Fixed Asset Allocation for the rest of your life

Not retired yet but likely quite soon (while in early 50's). Plan to be at 60/40 (equities/fixed) for the duration. We plan to take 4% of whatever the balance is each year and hopefully have a good shot at preserving he nest egg in real dollar terms over the long haul for the next generation, so our...
by DFAMAN
Sat Nov 28, 2015 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Would you consider an eventual inheritance?
Replies: 43
Views: 7016

Re: Would you consider an eventual inheritance?

letsgobobby wrote:You can take this to the extreme. To complete ignore a large 7 figure inheritance in the OP's situation is just ridiculous.


+1. In letsgobobby's case, it seems even more ridiculous to ignore than in the OP's situation.
by DFAMAN
Sun Nov 22, 2015 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for Small Law Survivor
Replies: 61
Views: 10222

Re: Advice for Small Law Survivor

Deleted
by DFAMAN
Tue Nov 17, 2015 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Withdrawing Fixed Percentage of Current Balance
Replies: 6
Views: 748

Withdrawing Fixed Percentage of Current Balance

My spouse and I are seriously considering a withdrawal plan in retirement that would involve withdrawing a fixed (4%) of the current balance each year (out of 60/40 portfolio), with no automatic inflation adjustments and no guarantee that nominal withdrawals won't go down from the prior year. This w...
by DFAMAN
Tue Nov 03, 2015 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Dimensional Fund Advisors
Replies: 9
Views: 1266

Re: Dimensional Fund Advisors

That's WAY too high. Take a look at Assetbuilder. You can get access to DFA funds and probably pay only around 40 basis points with that level of assets.

https://assetbuilder.com/
by DFAMAN
Thu Oct 22, 2015 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: What are your 2 retirement numbers?
Replies: 260
Views: 34134

Re: What are your 2 retirement numbers?

You just listed a number of examples of people who don't have that ability, or perhaps they excel at making money, without necessarily having a healthy relationship, understanding, or purpose of money itself. Or, perhaps, they actually enjoy what they do and they do not want to stop, regardless of ...
by DFAMAN
Thu Oct 22, 2015 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: What are your 2 retirement numbers?
Replies: 260
Views: 34134

Re: What are your 2 retirement numbers?

If anybody is working past the point of financial independence and donating all of their after-tax compensation to charity then they have a good argument that they are just doing it because they love their job. If they are keeping all or part of the money, then of course they are assumed to be doing...
by DFAMAN
Tue Oct 20, 2015 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Retiring at 54
Replies: 34
Views: 7273

Re: Retiring at 54

Congratulations on your retirement. I'm not sure that I clearly understand how much you need to spend each year (over and above the cost of your real estate, which I understand is covered by the rental income). If you put the real estate aside, the question is how much you need to spend and how that...
by DFAMAN
Sun Oct 11, 2015 1:18 pm
Forum: Investing - Theory, News & General
Topic: Ken Moraif must be getting nervous
Replies: 43
Views: 11033

Re: Ken Moraif must be getting nervous

Fair point that starting at the all time low might be a bit unfair, but the fact is that he manages MUCH more money now than he did before the Great Recession. He has used the fact that his clients were out of the market during the Great Recession as the selling point to build his business so that h...
by DFAMAN
Sun Oct 11, 2015 11:30 am
Forum: Investing - Theory, News & General
Topic: Ken Moraif must be getting nervous
Replies: 43
Views: 11033

Re: Ken Moraif must be getting nervous

I have posted about Ken Moraif before. He employs a market timing system based on 200 day moving averages (although he claims that there is some additional proprietary "secret sauce"). Market timing based on moving averages may very well protect from really bad bear markets, but the questi...
by DFAMAN
Sat Sep 19, 2015 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Other Blogs/Forums read by Bogleheads
Replies: 33
Views: 3586

Re: Other Blogs/Forums read by Bogleheads

White Coat Investor. Aimed primarily at doctors, but also valuable for other high-income professionals.

whitecoatinvestor.com/
by DFAMAN
Sat Aug 29, 2015 4:13 pm
Forum: Investing - Theory, News & General
Topic: Money Matters with Ken Moraif
Replies: 29
Views: 24159

Re: Money Matters with Ken Moraif

Interesting read, Little D, thanks for posting. Merriman, who I know you have cited on various topics, is a guy I respect very much, and I think he has some good and user friendly podcasts about the pros and cons of a timing approach. I'm certainly not saying he's a dummy for choosing to employ such...
by DFAMAN
Sat Aug 29, 2015 9:11 am
Forum: Investing - Theory, News & General
Topic: Money Matters with Ken Moraif
Replies: 29
Views: 24159

Re: Money Matters with Ken Moraif

In Chapter 20 of the latest version of Jeremy Siegel's book, Siegel shows results from back-testing a 200-day moving average timing approach as compared to a buy and hold approach (using DJIA back to 1886). The advantage of the timing approach would have been that it avoided the worst part of all th...
by DFAMAN
Thu Aug 27, 2015 7:38 pm
Forum: Investing - Theory, News & General
Topic: Do you need some HELP staying the course???
Replies: 2
Views: 991

Re: Do you need some HELP staying the course???

I think this particular Paul Merriman podcast was exceptionally good. He clearly did this on the fly, having expected to do another recorded podcast this week. I thought the very best moments were near the end when he described how a market of the past week makes you feel, when you've been expecting...
by DFAMAN
Fri Aug 14, 2015 4:11 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard Funds vs. Dimensional Funds in New IFA Index Portfolios" -- What's The Deal?
Replies: 56
Views: 7623

Re: "Vanguard Funds vs. Dimensional Funds in New IFA Index Portfolios" -- What's The Deal?

As you might infer from my screen name, I tend to lean a particular way in terms of preference here. However, I see this as kind of like a debate between two Baptist churches across town from each other who disagree as to whether the piano should be placed on the right v. left side of the sanctuary....
by DFAMAN
Thu Aug 06, 2015 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: "How to Stay Rich" - Forbes
Replies: 11
Views: 3433

Re: "How to Stay Rich" - Forbes

Hi, OP here. I was, and still am, fascinated by the guidance for maintaining wealth. The fact most Forbes 400 members don't achieve this holds a lesson. Thanks for posting. I enjoyed reading this. However, I don't think this shows that most Forbes 400 members don't succeed in "maintaining weal...
by DFAMAN
Wed Aug 05, 2015 11:37 am
Forum: Investing - Help with Personal Investments
Topic: $13 Million Goal for Early Retirement (am I crazy?)
Replies: 160
Views: 27164

Re: $13 Million Goal for Early Retirement (am I crazy?)

I'm embarassed that someone would come to this forum, ask for advice, and have a large share of responses be accusatory of the OP for not being truthful. Folks, if you disagree with the premise, no need to waste your time replying. I agree. I have had the experience, in response to a few of my post...
by DFAMAN
Sun Jul 05, 2015 8:23 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman on Market Timing
Replies: 87
Views: 10070

Re: Paul Merriman on Market Timing

Let's start by defining our terms. Market timing to some means guessing where and when the market is going up or down. I agree with the preponderance of opinion that it is impossible. But, to me at least, that is different from market timing with moving averages which is what Merriman is talking ab...
by DFAMAN
Sun Jul 05, 2015 10:42 am
Forum: Investing - Theory, News & General
Topic: Paul Merriman on Market Timing
Replies: 87
Views: 10070

Re: Paul Merriman on Market Timing

In Chapter 20 of the latest version of his book, Stocks for the Long Run, Jeremy Siegel shows results from back-testing a 200-day moving average timing approach as compared to a buy and hold approach (using DJIA back to 1886). The advantage of the timing approach would have been that it avoided the ...
by DFAMAN
Wed Jun 03, 2015 8:57 am
Forum: Investing - Theory, News & General
Topic: 5% of year-end portfolio balance for a 35-year SWR?
Replies: 38
Views: 5818

Re: 5% of year-end portfolio balance for a 35-year SWR?

Look at VPW, which is an even better withdrawal method. https://www.bogleheads.org/forum/viewtopic.php?t=120430 VPW is different. Whether it is "better" or not depends on one's goals. VPW is designed to spend down the portfolio to zero over a defined period. Spending 5% of the portfolio b...