Search found 4496 matches

by Dandy
Sun Apr 23, 2017 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Hardest invest Q of all [when to retire]
Replies: 14
Views: 1557

Re: Hardest invest Q of all [when to retire]

Do some math. When you retire what will your income floor be with any pension and Social Security. What additional dollars will you have to withdraw from your financial assets to maintain your current life style? What percentage of your financial assets is the annual withdrawals? If less than 4% so ...
by Dandy
Sun Apr 23, 2017 5:52 am
Forum: Personal Finance (Not Investing)
Topic: Why never speak badly about boss? [Need Bogleheads' wisdom]
Replies: 98
Views: 8449

Re: Why never speak badly about boss? [Need Bogleheads' wisdom]

We all like to gripe about bad bosses, co workers etc. I have done it. But, if you take a step back what positive purpose does it serve? You get a misery loves company short term benefit which doesn't make anything better going forward. What is the risk - things get worse as word gets back to your b...
by Dandy
Sun Apr 23, 2017 5:23 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - Savings Account Rate Increased!
Replies: 39
Views: 4004

Re: Ally Bank - Savings Account Rate Increased!

We are getting so used to low interest rates that a 5 basis point increase gets an ! :happy We have come a long way down and have a long way to go. I'm going to be sad when my old series EE bonds currently earning 4% mature.
by Dandy
Tue Apr 18, 2017 7:13 am
Forum: Investing - Theory, News & General
Topic: "Yield surge: Remember the real role of bonds"
Replies: 14
Views: 1819

Re: "Yield surge: Remember the real role of bonds"

Think fixed income not just bonds. In a rising interest rate environment bonds/bond funds will tend to take a temporary modest hit while other fixed income choices e.g. Savings/direct bank CDs will not (except a possible early withdrawal fee). Online savings might even get rate increases when intere...
by Dandy
Tue Apr 18, 2017 6:45 am
Forum: Investing - Theory, News & General
Topic: Investors backing off their equity AA primarily due to 8-year bull market?
Replies: 56
Views: 4452

Re: Investors backing off their equity AA primarily due to 8-year bull market?

Retirement, long bull market, North Korea and the fading of the Trump rally all come into play. There is always multiple worries and hopes that enter into the market. My approach in retirement is asset preservation so I keep my equity allocation between 40 and 45%. With all the uncertainty and a lon...
by Dandy
Tue Apr 18, 2017 6:33 am
Forum: Investing - Help with Personal Investments
Topic: Savings Account: Experience with Discover, AmEx, Barclays, Synchrony?
Replies: 21
Views: 1252

Re: Savings Account: Experience with Discover, AmEx, Barclays, Synchrony?

I have Discover for a long time and have not had a problem. As noted their transfer of money is a bit slow. Recently, opened Savings and Checking with Alliant Credit Union - which anyone can join with a small donation. I like Alliant a bit better - worth a look.
by Dandy
Tue Apr 18, 2017 6:12 am
Forum: Investing - Help with Personal Investments
Topic: All in with Balanced Index fund
Replies: 33
Views: 3088

Re: All in with Balanced Index fund

Balanced Index is by far the largest holding I'm my TIRA. Sometimes a very good, simple choice is overlooked when there ate so many very good options. Any balanced fund or all in one fund usually requires some compromise. e.g. you really wanted 65% equities but "settle" for 60%, or you wan...
by Dandy
Sat Apr 15, 2017 10:37 am
Forum: Investing - Help with Personal Investments
Topic: New contributions after making number, aggressive or conservative?
Replies: 30
Views: 2004

Re: New contributions after making number, aggressive or conservative?

I liked Dr. Bernstein's idea of "if you have won the game stop playing". His basic approach is to have your expected draw down needs from your investments each year x 20 or 25 allocated to "safe" investments. By "safe" he referred to individual TIPS, savings accounts, s...
by Dandy
Wed Apr 12, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Extreme Frugality vs Living Life - Where do you draw the line?
Replies: 77
Views: 8280

Re: Extreme Frugality vs Living Life - Where do you draw the line?

I couldn't agree more on using 'happiness' as a measuring unit Extremely frugal people who don't have to be , might not be happy by our standards but would possibly be more unhappy (or think the would be) if they spent. e.g. go out and have a nice dinner and complain about the cost instead of enjoy...
by Dandy
Wed Apr 12, 2017 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Extreme Frugality vs Living Life - Where do you draw the line?
Replies: 77
Views: 8280

Re: Extreme Frugality vs Living Life - Where do you draw the line?

frugality can become a sickness like hoarding. Life can pass by while the assets grow and an overly frugal person won't really know how to spend/enjoy their good fortune because they haven't done it. The problem comes when you can afford, by any reasonable measure, to spend/enjoy a bit more but your...
by Dandy
Tue Apr 11, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford private school tuition
Replies: 42
Views: 3172

Re: Can we afford private school tuition

Some areas have poor public schools so parents naturally want to send them to private school. But, it is a big financial commitment and child number 2 is likely not to be happy unless he/she goes to private school too. I understand that private school tuition may also come with other expense pressur...
by Dandy
Tue Apr 11, 2017 7:08 am
Forum: Personal Finance (Not Investing)
Topic: When to slow down.
Replies: 33
Views: 5113

Re: When to slow down.

Sometimes with that extensive work schedule you end up paying the doctor instead of savings. 80 hours a week is too much for any long period of time. The best years of your life might be spent in the grocery store - not a great life plan if you have other options.
by Dandy
Mon Apr 10, 2017 7:09 am
Forum: Investing - Help with Personal Investments
Topic: Enlarging emergency fund and the effect on asset allocation
Replies: 27
Views: 2291

Re: Enlarging emergency fund and the effect on asset allocation

Here is my take. Your emergency fund is really part of your financial assets - I understand "not counting" it as part of your investments but that is really mental accounting. Not a criticism I engage in mental accounting too. An emergency fund is a concept of having some safe, liquid mone...
by Dandy
Sun Apr 09, 2017 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting vs Tracking Expenses?
Replies: 42
Views: 3330

Re: Budgeting vs Tracking Expenses?

Never had a budget per se. In our working years we took targeted cash for each week e.g. gas, lunches, food shopping. But, we also automated our savings and I used to subtract from my check register an amount each week to cover that month's rent and other fixed expenses and footnote that amount in t...
by Dandy
Sun Apr 09, 2017 7:05 am
Forum: Investing - Theory, News & General
Topic: Retirement Equity Glide path with 2-3 years of expenses in cash
Replies: 13
Views: 1269

Re: Retirement Equity Glide path with 2-3 years of expenses in cash

I don't think you need such a severe drop in equities. My guess is somewhere between 45 and 55% would be fine. I would address the fixed income portion also. Many have it all (or most) in intermediate bonds/funds. You might consider some shorter duration bonds/funds, CD ladder, etc. to make the fixe...
by Dandy
Sun Apr 09, 2017 6:54 am
Forum: Investing - Theory, News & General
Topic: one last stupid question [What are "cash equivalents"?]
Replies: 44
Views: 4029

Re: one last stupid question [What are "cash equivalents"?]

there are many fixed income choices and you need to be aware of the pros and cons of each to make wise choices. One post identified marketable securities as a cash equivalent - while they are usually very liquid you might fund their value dropped just when you need those assets. So, don't worry what...
by Dandy
Sun Apr 09, 2017 6:36 am
Forum: Investing - Help with Personal Investments
Topic: Why are the Vanguard Target Retirement Funds so heavily invested in International
Replies: 24
Views: 3165

Re: Why are the Vanguard Target Retirement Funds so heavily invested in International

Ah -- that is the problem with Target Date and Life Strategy Funds -- you lose control of the content. Vanguard reserves the right to change what funds are included, the allocation to each, the overall equity vs fixed income allocation and I believe the glide path. So you may like the TD fund when y...
by Dandy
Fri Apr 07, 2017 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Online Savings account questions?
Replies: 9
Views: 1004

Re: Online Savings account questions?

Alliant Credit Union Savings account pays 1.05% and their checking account pays 0.65%. You can instantly move money to and from those accounts. You can automate the movement from their Savings to checking each month. I have money moved each week. They also should have rates rise as interest rates ri...
by Dandy
Fri Apr 07, 2017 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard - Money Market Funds
Replies: 16
Views: 2403

Re: Vanguard - Money Market Funds

.duplicate post
by Dandy
Fri Apr 07, 2017 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard - Money Market Funds
Replies: 16
Views: 2403

Re: Vanguard - Money Market Funds

Not me for several reasons
1. better rates with online banks e.g. 1% or more vs 0.80%.
2. No FDIC guarantee
3. No guarantee not to break a buck
4. In a financial crisis might be some restrictions on getting your money -- or getting it when it breaks a buck --just when you might need it.
by Dandy
Fri Apr 07, 2017 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone else own balanced index fund? [vbinx]
Replies: 26
Views: 3142

Re: Anyone else own balanced index fund? [vbinx]

I'm 69 and Balanced Index is about 37% of my TIRA. The rest is mostly various fixed income products that bring down my equity allocation to my portfolio target (40-45% equities). It is a very good, low cost choice. No need to rebalance since the fund does it almost every day. Missing international e...
by Dandy
Wed Apr 05, 2017 6:44 am
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 92
Views: 6765

Re: How does one determine their "number" and what exactly does it mean?

keep in mind that the earlier you retire the less reliable your "number" is. Too many variables. It is hare enough to guess what a decent "number" is when there is a possible 25 or 30 year retirement - when you extend that possible timeframe the guess is more of a guess than a de...
by Dandy
Mon Apr 03, 2017 8:17 pm
Forum: Investing - Theory, News & General
Topic: Alliant savings now 1.05%
Replies: 8
Views: 1492

Re: Alliant savings now 1.05%

Not much of an difference to be sure. But consider that depositaccounts.com shows that Bank Of America's savings account pays wait for it -- 0.01% that isn't a typo on my part --they pay 1 basis point. I guess it would be hard to get a 1099 INT on that account. To be fair to BofA there were several ...
by Dandy
Mon Apr 03, 2017 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard projection of future returns - both U.S and international
Replies: 5
Views: 876

Re: Vanguard projection of future returns - both U.S and international

why put more faith in these projections than other guru's or firms? All are using their best research and analysis and applying experience, logic etc. True some might tilt their analysis toward a profit motive but really why give it any more than an educated guess. Certainly, not a firm basis for ma...
by Dandy
Mon Apr 03, 2017 1:03 pm
Forum: Investing - Theory, News & General
Topic: 100% stocks in ROTH?
Replies: 27
Views: 1591

Re: 100% stocks in ROTH?

I view my relatively small Roth assets as precious since they afford me tax free withdrawals. So, while I figure it should be a bit more aggressive than my TIRA I would hate to have it drop dramatically. I think you are an aggressive investor but I'd recommend not being more than 70% equities in you...
by Dandy
Sun Apr 02, 2017 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Advice for Parents (mid 60's)
Replies: 17
Views: 1869

Re: Advice for Parents (mid 60's)

I am in a similar position as your parents but age 69. 1. still wish I had done more Roth conversions. 2. plan to start/increase "early inheritance' gifts to children/grandchildren 3. plan to increase charity donations - perhaps using the Fidelity Donor Advised Fund set up for that purpose. 4. ...
by Dandy
Wed Mar 29, 2017 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Experiences with Alliant CU's bill pay?
Replies: 3
Views: 235

Re: Experiences with Alliant CU's bill pay?

I believe they suggest 7 business days lead time for paper checks and 3 days for electronic payments. As I recall, some vendors had a check sent for the first payment and then it went to electronic. I have not had a problem with Alliant bills not being paid on time using the lead times suggested. I ...
by Dandy
Tue Mar 28, 2017 8:07 am
Forum: Investing - Theory, News & General
Topic: Illusion of poverty/wealth
Replies: 159
Views: 19590

Re: Illusion of poverty/wealth

A reliable income stream that is more than meets your needs is more comforting than a large asset base -- if that asset base can't generate the same safe income stream. There is a certain logic to that. For example if your Social Security met all your needs and you have $300k in Savings/investments ...
by Dandy
Tue Mar 28, 2017 7:11 am
Forum: Investing - Help with Personal Investments
Topic: RMD in 2018
Replies: 46
Views: 2616

Re: RMD in 2018

Will have to start my RMD in 2018. Please let me know if I should be withdrawing monthly, quarterly etc. from Vanguard? This brings me to three questions: 1. Where do I put the excess money that is not needed? Savings or back to one of the cash funds (Total Stock or Non-exempt bond fund) in VG? That...
by Dandy
Mon Mar 27, 2017 4:29 pm
Forum: Investing - Theory, News & General
Topic: What's your strategy for withdrawing funds in Retirement ?
Replies: 57
Views: 6097

Re: What's your strategy for withdrawing funds in Retirement ?

I tend to look at my overall portfolio as "safe" assets and "risk" assets a la Dr. Bernstein. My RMDs from my TIRA will be taken, in general, mostly from fixed income as the account is fixed income heavy. If the equity market has had a good run I may alter that to take more from ...
by Dandy
Mon Mar 27, 2017 3:41 pm
Forum: Investing - Theory, News & General
Topic: Christine Benz's Three Bucket System
Replies: 77
Views: 7499

Re: Christine Benz's Three Bucket System

I think the 3 bucket approach is more confusing than just separating assets into high-risk and low-risk and rebalancing on a regular basis. And this approach allows better understanding and control of the risk in the portfolio. +1 I agree -- mostly. All you need to do is make sure you "safe&qu...
by Dandy
Mon Mar 27, 2017 7:41 am
Forum: Investing - Theory, News & General
Topic: Christine Benz's Three Bucket System
Replies: 77
Views: 7499

Re: Christine Benz's Three Bucket System

Dandy wrote: ...My additional suggestion: hen the risk portfolio does well take all or most form it. If the risk portfolio does poorly take all or most from it. This doesn't make much sense. You might want to review it... Yikes - bad typing on my part. When the "risk" portfolio does well ...
by Dandy
Mon Mar 27, 2017 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Do you have enough? How I realized yeah I do.
Replies: 75
Views: 12106

Re: Do you have enough? How I realized yeah I do.

Would you mind defining safe investments here in the thread? Otherwise, I have to search through this books I see that someone has given you a link to Dr. Bernstein's discussion. I don't use individual TIPS ladder which is probably the best but a bit too complex for me and certainly for my wife as ...
by Dandy
Sun Mar 26, 2017 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Ally vs Discover
Replies: 17
Views: 1852

Re: Ally vs Discover

I had Ally when the CDs were among the highest and the early withdrawal penalty was low. My daughters have their checking and have no complaints. Service was good. While they were once head and shoulders above the others they have since drifted back to being just a very good choice. I have had Disco...
by Dandy
Sun Mar 26, 2017 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have enough? How I realized yeah I do.
Replies: 75
Views: 12106

Re: Do you have enough? How I realized yeah I do.

That's a good feeling. My good feeling came a few years ago when I followed Dr. Bernstein's advice of having 20+ years in safe investments and the excess anyway you want. When I made the changes and saw excess was substantial and that I now had a pretty safe funding of my retirement I changed from t...
by Dandy
Sun Mar 26, 2017 4:59 pm
Forum: Investing - Theory, News & General
Topic: Christine Benz's Three Bucket System
Replies: 77
Views: 7499

Re: Christine Benz's Three Bucket System

I like Dr. Bernstein's approach: 1. a "safe" portfolio (reasonably liability matching) he suggests that in retirement it equal at least 20 years of withdrawals. 2. a "risk" portfolio for any excess with any allocation you desire. My additional suggestion: hen the risk portfolio d...
by Dandy
Sun Mar 26, 2017 9:17 am
Forum: Investing - Theory, News & General
Topic: Vanguard Target Date Funds
Replies: 27
Views: 5096

Re: Vanguard Target Date Funds

A great idea especially if VG would stop changing the allocations and content. I still look longingly through the window tempted to buy but not ready yet. Maybe never.
by Dandy
Fri Mar 24, 2017 8:30 am
Forum: Investing - Theory, News & General
Topic: Why nobody talk about cash allocation ?
Replies: 17
Views: 2052

Re: Why nobody talk about cash allocation ?

In the past most suggested allocations were stocks, bonds and cash. Of course at one time cash was paying a lot more than it does today. While many people view their fixed income goal to be portfolio stability they seem to eschew cash and use intermediate bond funds instead. The other factors are th...
by Dandy
Fri Mar 24, 2017 7:58 am
Forum: Investing - Theory, News & General
Topic: AA after reaching your "freedom number"?
Replies: 39
Views: 4060

Re: AA after reaching your "freedom number"?

We are missing some key information e.g. your age, your expected yearly or monthly expense needs, and if you have any additional income (pension/part time work). In general I feel when you reach your "freedom" number and may be a bit more for a margin of safety your investment allocation p...
by Dandy
Fri Mar 24, 2017 7:39 am
Forum: Investing - Help with Personal Investments
Topic: Roth v. Traditional allocation
Replies: 19
Views: 1282

Re: Roth v. Traditional allocation

I would avoid having all equities in the Roth and all fixed income in the TIRA. I think the Roth should be more equity oriented and the TIRA more fixed income oriented. This assumes there are reasonable/low cost options in both. Having both equities and fixed income in both accounts also makes rebal...
by Dandy
Fri Mar 24, 2017 7:25 am
Forum: Investing - Help with Personal Investments
Topic: 100% stocks w/pension?
Replies: 40
Views: 4296

Re: 100% stocks w/pension?

Looks like financially you have got it made. If, and it is still a bit of an if, the wonderful pension deal comes through you will be set for life. You have the ability and desire to take a lot of risk -- but what is the need? What is the goal? Are you looking to live like a billionaire? you know bu...
by Dandy
Thu Mar 23, 2017 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Vehicles as a percentage of net worth
Replies: 102
Views: 5392

Re: Vehicles as a percentage of net worth

Vehicles are to me just transportation. I want it to be reliable, safe and relatively inexpensive. I think many underestimate the goal of safety. For most in the accumulation stage you are the goose that lays the golden egg e.g. a serious injury in an auto accident could drastically change your life...
by Dandy
Wed Mar 22, 2017 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation anxiety
Replies: 27
Views: 1234

Re: Asset allocation anxiety

While you are not in retirement maybe what I learned when I was a few years into retirement might help. I felt I had enough to fully fund my retirement but couldn't decide on how conservative my equity allocation should be. I read Dr. Bernstein's idea of if you have enough stop playing - which sugge...
by Dandy
Wed Mar 22, 2017 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Your Experiences with Risk Tolerance and having smaller versus larger account balances
Replies: 24
Views: 2017

Re: Your Experiences with Risk Tolerance and having smaller versus larger account balances

Percentages can be deceiving. Always also look at potential losses in dollars. At age 28 with a 50k equity allocation a 50% loss is "just" 25k - a year or 2 of contributions and company matches might make most of that loss up -- and you have maybe 40 years of human capital left. And you wi...
by Dandy
Wed Mar 22, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a second home in Florida- mortgage or purchase
Replies: 15
Views: 1282

Re: Buying a second home in Florida- mortgage or purchase

Seems like a buy. But, 80% in stocks? is not conservative now. But, you seem to have enough income and assets to take an aggressive allocation. I would make sure that 20% is very secure. Is there some reason you currently have such an aggressive allocation? Heirs, Charity? In Dr. Bernstein's idea - ...
by Dandy
Wed Mar 22, 2017 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Is Emergency fund necessary with 2 RMDs?
Replies: 18
Views: 1437

Re: Is Emergency fund necessary with 2 RMDs?

retirement certainly takes a big risk off the table i.e. loss of job. But, there are other surprise expenses that still occur in retirement from needing a new roof, replacing a car that suddenly dies, large unreimbursed dental or medical expenses, etc. So, have a plan to deal with those "emerge...
by Dandy
Wed Mar 22, 2017 8:29 am
Forum: Investing - Theory, News & General
Topic: "Rising Equity Glide Path" ?
Replies: 40
Views: 5962

Re: "Rising Equity Glide Path" ?

If, as is usually recommended, you place all or almost all your fixed income allocation in your TIRA and all or almost all your equity allocation in your taxable account-- upon retirement you face either a rising equity allocation or paying cap gain taxes to rebalance. This assumes that equities, ov...
by Dandy
Wed Mar 22, 2017 8:01 am
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 9778

Re: Anyone else taking less risk

About 3 weeks ago I reduced my equity allocation by 2%. I consider it an early rebalance since equities were near the top of my acceptable range. So, as usual, I stayed within my equity range of 40-45%. With a goal of asset preservation vs growth I view my role as having a gentle hand on the tiller ...
by Dandy
Tue Mar 21, 2017 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Advice for a late in life investor
Replies: 2
Views: 395

Re: Advice for a late in life investor

Congrats on getting your life in order - not an easy thing to do. Should I continue to rent or buy a house? (It's just me) A single person doesn't NEED a house. Houses aren't necessarily a great investment and can be a money/time pit. So, think carefully about why you want a house vs renting. Do I n...
by Dandy
Sun Mar 19, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Paying $20 to E-File State Return
Replies: 75
Views: 12670

Re: Paying $20 to E-File State Return

I have so far refused to pay the $20 or so to file state returns. It really doesn't take that much time to print out, assemble and mail it. When I had to use Turbo Tax to pay NY tax a few years ago you had to e-file it and as I recall there was no charge --to me. Why NY can arrange this and NJ hasn'...

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