Search found 4287 matches

by Dandy
Wed Nov 30, 2016 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling like you've "made it"
Replies: 85
Views: 6834

Re: Feeling like you've "made it"

I think it really gets back to those measures of success e.g. career and finances don't necessarily make us happy or satisfied. In many cases they really are more to serve as a means to an end but have become ends in themselves. People and making a difference seem to be keys. In some jobs you can re...
by Dandy
Mon Nov 28, 2016 5:53 pm
Forum: Investing - Theory, News & General
Topic: What was your Asset Allocation before and after retirement?
Replies: 74
Views: 6137

Re: What was your Asset Allocation before and after retirement?

Did you significantly change your asset allocation when you retired? Does moving from accumulation to decumulation change one's need and/or tolerance for risk? I was retired in 2008 and suspected that would happen in 2007. Before retirement my allocation was 55/45. After, when the market recovered ...
by Dandy
Mon Nov 28, 2016 5:34 pm
Forum: Investing - Theory, News & General
Topic: "Sequence of returns risk"
Replies: 42
Views: 2668

Re: "Sequence of returns risk"

Better than 6 years ago for sure. But with 20+ years likely to go a lot can happen. I'm almost 69 and starting to feel even better -- at least asset/withdrawal wise. I'm sure there will be a substantial dip ahead after a long bull market run. But, the appreciation in assets especially during the wai...
by Dandy
Sun Nov 27, 2016 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Position for poss Tax Loss Harvesting in Taxable VTI VTSAX VTMFX VTCLX VTSMX
Replies: 9
Views: 404

Re: Position for poss Tax Loss Harvesting in Taxable VTI VTSAX VTMFX VTCLX VTSMX

Tax managed balanced does preclude much of an opportunity to tax loss harvest. The benefit for some is that it automatically rebalances so for those who don't want a complicated portfolio or have to decide and execute re balancing transactions it is a trade off. I've been tempted to buy Tax Managed ...
by Dandy
Sun Nov 27, 2016 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Investing vs Buying A Home?
Replies: 35
Views: 2502

Re: Investing vs Buying A Home?

Home ownership desires run strong and deep. Some think it is because it is a great investment but only on occasion. Home prices tend to track inflation over the long term with some wild exceptions. Some like the peace of mind of having your own land with no noisy people upstairs that stomp around or...
by Dandy
Sat Nov 26, 2016 10:43 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on AA for the retired
Replies: 44
Views: 4188

Re: Thoughts on AA for the retired

Age 69 in a few months and wife 67. Highest equity allocation was 55% during the accumulation phase, currently at 43%. Original target for age 70 was 40% but I am probably going to be at the low 40"s for awhile. When I collect SS in a bit more than a year I will need withdrawals of less than 1%...
by Dandy
Sat Nov 26, 2016 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in the 80's when CD rates were 17%?
Replies: 74
Views: 6544

Re: Investing in the 80's when CD rates were 17%?

People don't remember the inflation rates which muted some of those great returns. My Stable Value Fund paid 12%, CDs 15% and I forget how high a 30 year Treasury 18%? went for. Money Markets were in double digits. A few years after the peak US savings bonds and immediate annuities were at 8.5% and ...
by Dandy
Sat Nov 26, 2016 9:53 am
Forum: Personal Finance (Not Investing)
Topic: From no state-tax to state-tax
Replies: 26
Views: 2296

Re: From no state-tax to state-tax

Look to maximize you federal tax deductions because NJ doesn't allow much. Not sure your 401k deductions reduce NJ taxes either - been a long time since I had a 401k. Lots of nice places in NJ if you look, close to lots of cultural places in NYC and many fine restaurants. But you pay al lot in taxes...
by Dandy
Thu Nov 24, 2016 10:45 am
Forum: Investing - Help with Personal Investments
Topic: Bond Market Strategy Now
Replies: 24
Views: 3783

Re: Bond Market Strategy Now

But probably not good for your financials (since probably accompanied by increasing inflation rate). True, as I have said there is no truly safe place to put your money. Immediate annuities and deferred annuities do have risk related to inflation and insurer default. As some point, especially in re...
by Dandy
Thu Nov 24, 2016 5:49 am
Forum: Investing - Theory, News & General
Topic: Retreat to cash
Replies: 168
Views: 12484

Re: Retreat to cash

A full retreat to cash is usually a bad idea. Taking some risk off the table might get your portfolio aligned better with your new take on risk tolerance. If the long bull market on equities and bonds reverses some extra cash might come in handy. But, large panic moves rarely work. If you do allocat...
by Dandy
Thu Nov 24, 2016 5:36 am
Forum: Investing - Theory, News & General
Topic: Why International Stocks
Replies: 73
Views: 6207

Re: Why International Stocks

I have a small allocation to international equities. Don't buy that you need an equal weighting especially for those close or in retirement but a modest allocation to international equities seems to be fine. I'm not excited about the international prospects over the medium term but if I were younger...
by Dandy
Thu Nov 24, 2016 5:23 am
Forum: Investing - Help with Personal Investments
Topic: Bond Market Strategy Now
Replies: 24
Views: 3783

Re: Bond Market Strategy Now

You seem to be fairly well diversified. When you think about it there is no truly safe place to put your money. e.g. Savings seem safe but inflation can eat away at its value. I am retired with about a 60% allocation to fixed income. I have about 1/3 of the fixed income in Intermediate bond funds in...
by Dandy
Tue Nov 22, 2016 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone do tax loss harvesting??
Replies: 25
Views: 1495

Re: Why would anyone do tax loss harvesting??

I bought VG FTSE ex US and Total International Stock funds quite awhile ago in a taxable account. I didn't need both and when Total International went below my cost I sold it. I was hoping it would recover but it went down and I sold it and bought Intermediate Tax Free. I plan to do a small Roth con...
by Dandy
Tue Nov 22, 2016 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Synchrony vs Ally
Replies: 37
Views: 3198

Re: Synchrony vs Ally

I have accounts at Alliant and Discover also brokerage CDs at Vanguard (rates just starting to be competitive again). I used to have CDs at Ally and my children have checking/savings accounts there. No problem with any of the above. I think good 24/7 customer service is a good feature for any financ...
by Dandy
Tue Nov 22, 2016 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Yet another!! HDHP vs PPO qustion.
Replies: 25
Views: 1924

Re: Yet another!! HDHP vs PPO qustion.

financial issues are important. I think that if you can afford it PPO is almost always what I recommend assuming you can go out of network to get a doctor or other provider. If/when a critical or life threatening illness occurs you will want the best doctor you can get vs the best in the plan. It ha...
by Dandy
Tue Nov 22, 2016 8:11 am
Forum: Investing - Help with Personal Investments
Topic: If you don't need equity risk, why buy them?
Replies: 33
Views: 2274

Re: If you don't need equity risk, why buy them?

We did a modified approach to Bernstein. Most BH will find this complicat What ever works for you is fine. If you have a spouse you might consider whether or not it might be too complex for them. Like many I have A TIRA, a Roth IRA, wife has a Roth IRA, and we have a joint taxable investment accoun...
by Dandy
Mon Nov 21, 2016 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Do you track your net worth? How long have you done so?
Replies: 110
Views: 7628

Re: Do you track your net worth? How long have you done so?

My financial wealth consists of investments/savings and my home which is paid for. No debts. Trying to guess at the value (sales price less expenses) or for those with a mortgage the current equity is guesswork and for me unnecessary. For most I think investments/savings less debt is a good figure t...
by Dandy
Mon Nov 21, 2016 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: If you don't need equity risk, why buy them?
Replies: 33
Views: 2274

Re: If you don't need equity risk, why buy them?

Dr Wm. Bernstein outlines one approach for those who "have enough" - he says stop playing the game. He suggests you have 20-25 years worth of your yearly drawdown in "safe" products e.g. CDs, Short term bonds, Individual TIPS etc. and the rest invest anyway you want -- even 100% ...
by Dandy
Sun Nov 20, 2016 9:13 am
Forum: Personal Finance (Not Investing)
Topic: how much to save for retirement
Replies: 30
Views: 3675

Re: how much to save for retirement

I feel the life is mostly about balance. You don't want to save so much that you don't enjoy life in your prime years. Most advice I've read is to try to save at a rate in the mid to upper teens if you can. 30 years seems a bit short, like retiring at 55 instead of 60+ so I would err on the higher s...
by Dandy
Sun Nov 20, 2016 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Cannot get myself to spend my savings
Replies: 75
Views: 7991

Re: Cannot get myself to spend my savings

I understand how frugal living can be very hard to break. vacations, better/safer cars, some increase in charity, eating out a bit more, season tickets to the playhouse, outsourcing some landscaping, some wardrobe improvement, some wine by the bottle instead of by the gallon -- still working on it -...
by Dandy
Thu Nov 17, 2016 6:42 am
Forum: Investing - Theory, News & General
Topic: Why total bond fund rather than short-maturity fund?
Replies: 30
Views: 2602

Re: Why total bond fund rather than short-maturity fund?

It seems that many focus on having a single bond fund. There are many fixed income products. Why confine your fixed income choices to one fund especially if you have a large fixed income allocation, want your fixed income to provide stability and/or you are near or in retirement. Simplicity, ok you ...
by Dandy
Thu Nov 17, 2016 6:00 am
Forum: Investing - Help with Personal Investments
Topic: Fixed Income In Roth IRA
Replies: 18
Views: 1618

Re: Fixed Income In Roth IRA

No. I would not over worry relatively minor issues with rebalancing. Target allocations and the bands that trigger rebalancing are educated guesses based on educated guesses of your risk tolerance. Near or in early retirement is usually a time for being a bit conservative. We had had a long bull mar...
by Dandy
Tue Nov 15, 2016 7:29 am
Forum: Investing - Theory, News & General
Topic: Asset allocation and possible job loss
Replies: 17
Views: 1223

Re: Asset allocation and possible job loss

I would drop to 55% equities. That is still a decent allocation. I probably would be very conservative with the fixed income side i.e. CDs, Savings, short term bond fund until we get a better idea of what changes are implemented e.g. tax reform etc. With the market at or near highs, the uncertaintie...
by Dandy
Sun Nov 13, 2016 9:27 am
Forum: Personal Finance (Not Investing)
Topic: John Hancock discontinues LTC insurance sales
Replies: 45
Views: 4107

Re: John Hancock discontinues LTC insurance sales

I truly wish that LTC insurance was properly underwritten and priced so that buyers could make an informed decision. I'd love to have such coverage but the industry can't seem to make these policies work. The prospect of outsized premium increases is bad enough but when the issuing insurance company...
by Dandy
Sun Nov 13, 2016 8:59 am
Forum: Investing - Theory, News & General
Topic: Reinvest dividends or sweep to settlement account
Replies: 20
Views: 1265

Re: Reinvest dividends or sweep to settlement account

For taxable accounts I usually don't reinvest distributions. In the accumulation stage I used those distributions to help with rebalancing so I wouldn't have to sell some holdings and incur taxes. If you have equities in your 401k or IRA you may use those accounts to rebalance and decide to reinvest...
by Dandy
Sat Nov 12, 2016 10:31 pm
Forum: Investing - Help with Personal Investments
Topic: Age 60, about to retire
Replies: 13
Views: 2832

Re: Age 60, about to retire

It appears that you have "enough". Dr. Bernstein says when you have enough stop playing the game. That seems to be your philosophy. He suggests putting 20 to 25 years of drawdown in "safe" products e.g. Individual TIPS, CDs, Short Term bond funds, etc. and the rest invest anyway ...
by Dandy
Thu Nov 10, 2016 7:30 pm
Forum: Investing - Theory, News & General
Topic: "Stay the Course in the Next Bad Market?"
Replies: 32
Views: 5445

Re: "Stay the Course in the Next Bad Market?"

Usually, good advice. Much better the farther your are from retirement. Suppose 750k would fully fund your retirement to age 90 and you are 65. You have 1.5 million. Market drops your portfolio toward 750k - Do you keep taking out the 30k each year? Do you keep rebalancing? Do you risk a fully funde...
by Dandy
Thu Nov 10, 2016 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: WOW, What a Total Bond and bonds in general drop!
Replies: 37
Views: 5999

Re: WOW, What a Total Bond and bonds in general drop!

there will be a lot of us who "understand" duration and a lot or people who think bond are 'safe' who will be surprised at the 'losses" they will see in the bond side of their portfolio. They expect a little and will get a bit more -- nothing like losses in equities but a bit disturbi...
by Dandy
Mon Nov 07, 2016 2:51 pm
Forum: Investing - Theory, News & General
Topic: Foreign Stocks: Keep the Faith - Jonathan Clements
Replies: 53
Views: 5605

Re: Foreign Stocks: Keep the Faith - Jonathan Clements

What is it, here, that the market does not know and has not priced in? Markets are usually pretty good at pricing. When advisors and respected institutions and respected investment gurus beat the drum for a much higher international equity position and people follow that can distort the pricing. No...
by Dandy
Mon Nov 07, 2016 8:29 am
Forum: Investing - Theory, News & General
Topic: Foreign Stocks: Keep the Faith - Jonathan Clements
Replies: 53
Views: 5605

Re: Foreign Stocks: Keep the Faith - Jonathan Clements

If I've read Vanguard's literature correctly (and the advice often given by many respected authors here), it seems the point most often made is that there is a rational basis for allocating according to global market weights. Thus, the "equal weighting" limit often described isn't so simp...
by Dandy
Mon Nov 07, 2016 6:57 am
Forum: Investing - Theory, News & General
Topic: Foreign Stocks: Keep the Faith - Jonathan Clements
Replies: 53
Views: 5605

Re: Foreign Stocks: Keep the Faith - Jonathan Clements

I really don't get it - what's your point? In your "only 2 options" scenario Probably wasn't the best example. My intent was to show that not every diversification is necessarily a good idea for everyone in every situation. Many experts advise against diversifying into High Yield bonds, L...
by Dandy
Sun Nov 06, 2016 4:47 pm
Forum: Investing - Theory, News & General
Topic: Foreign Stocks: Keep the Faith - Jonathan Clements
Replies: 53
Views: 5605

Re: Foreign Stocks: Keep the Faith - Jonathan Clements

No faith is needed when you invest in the world at market weight. Anywhere you put your money has some element of risk. In general more diversification is a good idea. If the only 2 options in the world were the US and Venezuela you would feel equal weight (adjusted for size of the economy) would s...
by Dandy
Sun Nov 06, 2016 11:39 am
Forum: Personal Finance (Not Investing)
Topic: I can't help but feel I'm making a mistake by renting... help?
Replies: 70
Views: 4731

Re: I can't help but feel I'm making a mistake by renting... help?

From what I have heard over the long run houses appreciate about at the rate of inflation. You think the area might be in a bit of a bubble. Mortgage and interest on it are only part of the expense of home ownership. Taxes, furnishing, repairs, landscaping, larger insurance, heating and air conditio...
by Dandy
Sun Nov 06, 2016 11:26 am
Forum: Investing - Theory, News & General
Topic: Foreign Stocks: Keep the Faith - Jonathan Clements
Replies: 53
Views: 5605

Re: Foreign Stocks: Keep the Faith - Jonathan Clements

The US certainly had an advantage after WWII since aside from Pearl Harbor we avoided the devastation that Europe and some of Asia suffered. Keep in mind however that Europe, Asia and Middle East still seem to have more exposure to wide spread hostile actions than the US. While we all feel the dange...
by Dandy
Sat Nov 05, 2016 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Decisions
Replies: 36
Views: 4725

Re: Pension Decisions

I would go for the pensions with 50% for surviving spouse and if possible collect SS at age 70. From age 70 on you will have a nice income floor and have less need to rely on investments.
by Dandy
Sat Nov 05, 2016 10:04 am
Forum: Investing - Theory, News & General
Topic: WSJ: Vanguard’s Inflows Pass Previous Annual Record in 10 Months
Replies: 7
Views: 1228

Re: WSJ: Vanguard’s Inflows Pass Previous Annual Record in 10 Months

Rapid growth and conversions to their brokerage system may explain some comments on service. It is extremely hard to recruit, train and retain good people. e.g. I ran two mutual fund call centers and from the time I needed a rep to the time that rep was trained enough to handle most calls well was s...
by Dandy
Sat Nov 05, 2016 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Another "helping my in-laws with their investment"...
Replies: 4
Views: 704

Re: Another "helping my in-laws with their investment"...

Based on their age and assets it seems as if they can fund the rest of their retirement without taking any or much equity risk. I would keep 100kl in an online savings account paying 1% (covers 1 yr expenses plus a margin for unexpected expenses) or so and use a combination of CDs, Savings for the b...
by Dandy
Sat Nov 05, 2016 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund In Taxable Account?
Replies: 12
Views: 1541

Re: Emergency Fund In Taxable Account?

Ideal is often in the eye of the beholder. Some people sweat about getting earnings or growth from their E fund and others sweat about taxes. The basic purpose of an E fund is to be there when the crisis hits -- remembering that sometimes a personal crisis occurs during a wider crisis e.g. 2008. If ...
by Dandy
Sat Nov 05, 2016 7:52 am
Forum: Investing - Help with Personal Investments
Topic: when is market timing acceptable?
Replies: 50
Views: 3965

Re: when is market timing acceptable?

There is no perfect answer. 2 things you can do immediately -- 1. do not reinvest your dividends and capital gains back into your equities 2. change your investment contributions to emphasize fixed income vs equities. If your equity allocation is too high for your current risk tolerance then at leas...
by Dandy
Fri Nov 04, 2016 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Why do people use banks?
Replies: 66
Views: 5348

Re: Why do people use banks?

Not a fan of big banks. Some truly on line banks seem fine. Recently moved mostly away from a big bank by having pension and Social security sent to an online bank savings account and 2X per month transfer money to an interest paying checking at a Credit Union. Love it. If all goes well I'll move SS...
by Dandy
Fri Nov 04, 2016 3:29 pm
Forum: Investing - Theory, News & General
Topic: Paid off home. View as bond or cash in AA if you plan to sell in retirement?
Replies: 32
Views: 2403

Re: Paid off home. View as bond or cash in AA if you plan to sell in retirement?

I guess if you were a year or 2 from retirement you might put a very conservative estimate of your house value as fixed income for allocation purposes. I hope to sell my house in 3-5 years but figure I'll need to use that to pay for rent or purchase of a condo/senior living. I'll cross the allocatio...
by Dandy
Fri Nov 04, 2016 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: To Roth or not to Roth that is the question
Replies: 18
Views: 2428

Re: To Roth or not to Roth that is the question

Would you rather inherit a Roth IRA or a TIRA? Both are welcome but which would you prefer? I am assuming Roth IRA is better but not totally sure of that.
by Dandy
Fri Nov 04, 2016 7:34 am
Forum: Investing - Help with Personal Investments
Topic: To Roth or not to Roth that is the question
Replies: 18
Views: 2428

Re: To Roth or not to Roth that is the question

As with most things I would do some of both. I'm retired and didn't have much of an option to do Roth vs TIRA/401k. I certainly enjoyed the tax deductions of contributing to the TIRA/401k but I wish I had more in Roth than I do now (mostly due to conversions). I probably will have RMDs far in excess...
by Dandy
Wed Nov 02, 2016 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Is Vanguard still the best place for my account?
Replies: 32
Views: 3551

Re: Is Vanguard still the best place for my account?

It is always wise to keep your eyes and options open. I view Vanguard as having a philosophy of low cost funds, especially index funds. The "others" are coming to the party not because of some long held philosophy or customer oriented ownership but because Vanguard success is forcing them ...
by Dandy
Mon Oct 31, 2016 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: When should Cash supersede Bonds?
Replies: 16
Views: 2181

Re: When should Cash supersede Bonds?

I don't think there is a firm answer. I really liked the Stable Value fund when I was in the accumulation stage. I no longer have access to it in retirement. I favor a mix of fixed income and would surely have a decent allocation to a relatively safe Stable Value fund since it is not very impacted b...
by Dandy
Sat Oct 29, 2016 6:21 am
Forum: Investing - Help with Personal Investments
Topic: No company match, what do?
Replies: 12
Views: 1380

Re: No company match, what do?

403b contributions lower your taxable federal income and thus your federal income taxes. Some states may also follow this treatment of 403b contributions. right?
by Dandy
Fri Oct 28, 2016 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: NJ Teacher Investment Options
Replies: 32
Views: 2868

Re: NJ Teacher Investment Options

My daughter is a teacher in NJ also. I met with her and a rep to discuss her 403b fund. The expense ratios were very high and in viewing the plan there were a lot of fees e.g. a fee of $20 per year until the account reached 20k. Further review of the plan revealed that the fee was actually $65 but t...
by Dandy
Fri Oct 28, 2016 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: No company match, what do?
Replies: 12
Views: 1380

Re: No company match, what do?

The 403b gives you a tax deduction. I assume you are in a lower end tax bracket. Many 403b funds have high expense ratios. Since you are using a Vanguard TD fund that may not be the case. You might want to compare that fund's expense ratio to the ratio if you bought directly from Vanguard in an a Ro...
by Dandy
Wed Oct 26, 2016 7:25 am
Forum: Investing - Theory, News & General
Topic: Who disagrees with Jack. . .
Replies: 73
Views: 5428

Re: Who disagrees with Jack. . .

The idea of "don't peek" is the one piece of advice Jack often says that I think is well intentioned but a really, really bad idea. While he says stay the course he often doesn't relate that he doesn't mean that to be never change your allocation. He, in fact discusses that when the market...
by Dandy
Wed Oct 26, 2016 7:07 am
Forum: Investing - Help with Personal Investments
Topic: How should I increase my bond allocation?
Replies: 24
Views: 2699

Re: How should I increase my bond allocation?

I don't think it makes much of a difference. I tend to avoid major shifts in allocations. Interest rates and inflation are more likely to rise -- sometime during that 5 year window so that could affect your choice of timing or products. I would consider expanding your possibilities by also looking b...

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