Search found 3670 matches

by Dandy
Mon Feb 08, 2016 8:04 am
Forum: Investing - Help with Personal Investments
Topic: are you buying or selling or staying the course
Replies: 22
Views: 1322

Re: are you buying or selling or staying the course

Some early buying, later some tax loss harvesting, now watchful waiting. All equity holdings in my TIRA are covdered in Balanced index and a bit in Wellesley so they are buying and selling for me :happy It is easier for me in retirement roughly following Dr. Bernstein's idea of having enough "s...
by Dandy
Sun Feb 07, 2016 5:17 am
Forum: Investing - Help with Personal Investments
Topic: I Lost My FInancial Brain - Please Help
Replies: 73
Views: 6217

Re: I Lost My FInancial Brain - Please Help

I am so sorry for your loss - a nightmare I often think of. I would first get a good idea of your basic annual expense level and your annual net income. That should tell you the gap or surplus you are dealing with. I would try to keep the investment property income and expenses separate. So you end ...
by Dandy
Sat Feb 06, 2016 5:14 pm
Forum: Investing - Theory, News & General
Topic: If SS covers expenses why invest?
Replies: 64
Views: 4373

Re: If SS covers expenses why invest?

When I collect SS in 2 years at age 70 I will probably have 95+% of my retirement expenses covered with that and my pension. 100% with slight belt tightening. I also have substantial financial assets. I invest with asset preservation in mind. My plan has always been to gradually increase our standar...
by Dandy
Sat Feb 06, 2016 5:03 pm
Forum: Investing - Theory, News & General
Topic: Stock Allocation in Retirement
Replies: 10
Views: 1112

Re: Stock Allocation in Retirement

Obviously, personal circumstances matter -- a lot. Retirement for most is a game changer and the need for most to re think their investment allocation, not necessarily change it, is usually prudent. Here is why I think so: 1. Earning power usually quickly goes to minimum wage. 2. No more salary, bon...
by Dandy
Sat Feb 06, 2016 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: What percentage of your expenses are covered by SS and/or pensions
Replies: 84
Views: 5228

Re: Retirees: What percentage of your expenses are covered by SS and/or pensions

About 70% now at age 68 and mid 90%s when I collect SS at 70. If it were not for pension income it would be a whole different story. I think that the shift to put almost all the burden on the individual to fund their retirement is going to be a major problem for future generations. I would not be su...
by Dandy
Thu Feb 04, 2016 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Is TIAA-CREF one of the "good guys"?
Replies: 43
Views: 4369

Re: Is TIAA-CREF one of the "good guys"?

My sense is that they are a bit less good than they used to be. My daughter works at a University and wanted me to look at her investments and choices. I found their web site and other information almost intentionally confusing and non informative.
by Dandy
Wed Feb 03, 2016 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard energy fund
Replies: 14
Views: 1835

Re: Vanguard energy fund

I had about 20k in the VG energy fund in my taxable account. I liked energy as an investment and once held a small investment in EXXON. I figured energy was long term play with relatively high dividends and moderate risk. It did very well for years. I got out in December of 2014. That was the last i...
by Dandy
Wed Feb 03, 2016 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Alternatives with Emergency Funds
Replies: 16
Views: 1290

Re: Alternatives with Emergency Funds

It is part of investing life. Safe, liquid investments don't have much risk so they don't give much reward and usually don't keep up with even moderate inflation after taxes. It is very hard to tilt that equation in your favor. In the accumulation phase loss of job is usually the major risk. Loss of...
by Dandy
Tue Feb 02, 2016 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Retired - do you still save?
Replies: 24
Views: 1963

Re: Retired - do you still save?

I've been retired for 7 years and take money from taxable each month to supplement pensions while I wait to collect SS at age 70. The monthly draw from savings is approximately what I would get from age 70 SS. I did this to create what finances might be at age 70.My base retirement expenses are usua...
by Dandy
Tue Feb 02, 2016 7:05 pm
Forum: Investing - Theory, News & General
Topic: "Why Simple Is Still a Hard Sell"
Replies: 24
Views: 4535

Re: "Why Simple Is Still a Hard Sell"

So have all the 3 fund portfolio fans moved to add international bonds? I like the 3 fund portfolio but its most vulnerable point is its fixed income choice. Total Stock and Total International Stock cover the equity world better than Total Bond covers the fixed income world. I don't think you need ...
by Dandy
Tue Feb 02, 2016 6:18 am
Forum: Personal Finance (Not Investing)
Topic: Retirement - Ten key years + Summary
Replies: 64
Views: 10183

Re: Retirement - Ten key years

1. when to take SS 2. When, if at all to do Roth Conversions 3. A major rethink of investment allocation - do you need to move from a growth to an asset preservation allocation. 4. Debt reduction/elimination 5. Getting a HELOC while still working 6. Are you going to downsize/relocate - if so when - ...
by Dandy
Tue Feb 02, 2016 6:07 am
Forum: Personal Finance (Not Investing)
Topic: Just not interested any more [in investing]
Replies: 42
Views: 7144

Re: Just not interested any more [in investing]

Kind of. We just came off some exciting years first the great recession then the great recovery then last year was kind of a dud. How many times can you hear pundits guessing when/if the Fed will raise rates. Also, learning about investing and the different approaches to allocation and withdrawal st...
by Dandy
Mon Feb 01, 2016 12:09 pm
Forum: Investing - Theory, News & General
Topic: Bogle vs. Vanguard on International Funds
Replies: 27
Views: 3607

Re: Bogle vs. Vanguard on International Funds

The gigantic Vanguard Investment Group has a top notch " brain-trust " who operate state of the art super computers that take human bias out of the investing picture Do you really think that Vanguard has smarter people in their brain trust or better super computers than the major investme...
by Dandy
Mon Feb 01, 2016 8:42 am
Forum: Investing - Theory, News & General
Topic: Bogle vs. Vanguard on International Funds
Replies: 27
Views: 3607

Re: Bogle vs. Vanguard on International Funds

Nice discussion about guarding against deep risk by using international equities. Don't think that requires global weighting but maybe some international diversification. That's how I look at it. Also, if the US goes to ruin the local and global implications are immense - not sure how a large stake ...
by Dandy
Sun Jan 31, 2016 10:40 pm
Forum: Investing - Theory, News & General
Topic: Bogle vs. Vanguard on International Funds
Replies: 27
Views: 3607

Re: Bogle vs. Vanguard on International Funds

I think being in retirement and seemingly having enough to fund my retirement affects my portfolio. I don't feel I need any International bonds since I can get enough stability with US fixed income products like intermediate and short term bond funs, CDs, Savings Accounts, etc. As far as equities I ...
by Dandy
Sun Jan 31, 2016 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Muni bond ladder vs fund for large $$$$
Replies: 42
Views: 3126

Re: Muni bond ladder vs fund for large $$$$

I would hate having all my financial assets in one product unless that was US Treasuries. I realize that tax issues play a major role but I would advise against the all muni approach. I would get a few fee only financial advisors to suggest how to reach your income, safety and tax needs.
by Dandy
Sun Jan 31, 2016 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: VG International Bond Index Fund?
Replies: 11
Views: 817

Re: VG International Bond Index Fund?

For most the fixed income portion of their portfolio is for stability with the risk taken on the equity side. You can get plenty of stability with US bond funds, CDs, Stable Value Fund, short term TIPS, muni bonds, etc. So, will having International Bonds make your fixed income more stable? Perhaps....
by Dandy
Sun Jan 31, 2016 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Index funds: Short-term + Total vs Short-term + Intermediate-term
Replies: 4
Views: 679

Re: Bond Index funds: Short-term + Total vs Short-term + Intermediate-term

The two bond funds will perform differently due to different durations. They may own bonds in the same company. I would not worry about any overlap. Fixed income is mostly for stability and both funds fit that use.
by Dandy
Sun Jan 31, 2016 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Unsecured personal line of credit as emergency fund?
Replies: 36
Views: 1179

Re: Unsecured personal line of credit as emergency fund?

I thought I just did. The sentence following what you quoted is also key i.e. that withdrawal strategies should probably not include in the base a set aside for emergencies. Most strategies start with the portfolio balance and say take 4% or the latest version of that idea or other strategies witho...
by Dandy
Sun Jan 31, 2016 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Public school or private school (with school data)
Replies: 87
Views: 4649

Re: Public school or private school (with school data)

If the public schools seem good I would save the money and spend education dollars on college. As parents we want to do the best for our children. Private schools can offer more individualized instruction and even enhanced learning experiences that may not be the norm in public school. Children that...
by Dandy
Sun Jan 31, 2016 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Unsecured personal line of credit as emergency fund?
Replies: 36
Views: 1179

Re: Unsecured personal line of credit as emergency fund?

I never had a formal emergency fund but always had sufficient cash or cash like products as well as credit cards and HELOC. In the accumulation years the critical emergency is usually loss of job. When you lose your job, and I have done so twice, you don't usually want to borrow money to fund every ...
by Dandy
Sun Jan 31, 2016 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Recently Retired - 3/4 bucket
Replies: 7
Views: 1429

Re: Recently Retired - 3/4 bucket

Use the term bucket and drive many crazy. I like Dr. Bernstein's approach of having 20-25 years (I modified it to age 90) of your yearly draw down needs in "safe" investments and invest the rest anyway you like. 'Safe" might include Savings, CDs, short term bonds, TIPS etc. He didn't ...
by Dandy
Sun Jan 31, 2016 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Under-estimated my risk tolerance
Replies: 25
Views: 3201

Re: Under-estimated my risk tolerance

Changing your equity allocation by 15 or 20% should make a difference - both ways - really good or really not so good. You are putting away 22% of your salary so that is an excellent way to reach your retirement "number". So, while you seem to have the risk tolerance ability to take more r...
by Dandy
Sat Jan 30, 2016 8:10 am
Forum: Investing - Help with Personal Investments
Topic: Early retirement in sight - should my investing plan change?
Replies: 10
Views: 1490

Re: Early retirement in sight - should my investing plan change?

I would consider a more conservative portfolio when your earnings and/or future earning power becomes minimal. At that time the "pot" is all you've got. As you approach that time you need to evaluate your health, your expenses, your income and your portfolio to see what makes sense. For mo...
by Dandy
Fri Jan 29, 2016 11:24 am
Forum: Investing - Theory, News & General
Topic: Why doesn't Vanguard stay the course?
Replies: 44
Views: 5631

Re: Why doesn't Vanguard stay the course?

Let's face it Vanguard has built up a lot of trust with its investors. So for many they trust Vanguard to make changes to Life Strategy and TD funds that are appropriate and reasonable to support the basic mission of these funds. When it comes to the changes that they have made many of them made sen...
by Dandy
Thu Jan 28, 2016 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Late starter + self employed - Asset Allocation?
Replies: 12
Views: 641

Re: Late starter + self employed - Asset Allocation?

In my experience those who are somewhat inexperienced with investing and/or haven't experienced a major sell of in equities are better off starting with a bit more conservative equity allocation than they think. Having a bit more in fixed income will make it easier to buy when the equity market is d...
by Dandy
Thu Jan 28, 2016 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Late starter + self employed - Asset Allocation?
Replies: 12
Views: 641

Re: Late starter + self employed - Asset Allocation?

Can you please expand on this suggestion? Not sure I understand what you mean. Are you suggesting I evaluate my risk tolerance more thoroughly? It seems to me that your emphasis on "being behind and catching up" is the driver that is making you select 80% equities which is very aggressive...
by Dandy
Thu Jan 28, 2016 8:58 am
Forum: Investing - Theory, News & General
Topic: Why doesn't Vanguard stay the course?
Replies: 44
Views: 5631

Re: Why doesn't Vanguard stay the course?

making changes like removing a stock or country that no longer fits the index is fine or call it tinkering. What VG does to the TD and Life Strategy funds is way beyond tinkering. They changed the equity to fixed income allocations soon after the funds were introduced and added and subtracted funds ...
by Dandy
Wed Jan 27, 2016 5:11 pm
Forum: Investing - Theory, News & General
Topic: Why doesn't Vanguard stay the course?
Replies: 44
Views: 5631

Re: Why doesn't Vanguard stay the course?

I agree with your concerns. I understand that there may be new products e.g. TIPS that might be ideally suited to all in one funds that were created earlier. Also, changes that occurred to Mutual Fund Money Market funds as a result of the financial crisis made them less valuable for all in one funds...
by Dandy
Wed Jan 27, 2016 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: How to implement a glide path
Replies: 37
Views: 2062

Re: How to implement a glide path

You are getting at a degree of preciseness that is too much for me. I understand that for many people this provides comfort. What matters is the you bend the curve toward less equity risk as you age -- if that still makes sense as you age. You may find that your financial position is much better or ...
by Dandy
Wed Jan 27, 2016 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Contribution - upto the match or more?
Replies: 21
Views: 1399

Re: 401k Contribution - upto the match or more?

You want to invest enough to get the maximum match. After that it depends on the quality of investment choices your 401k offers. Many plans have poor choices so if that is what your 401k offers then consider investing the amount beyond the max match elsewhere. I guess there is an advantage of gettin...
by Dandy
Wed Jan 27, 2016 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Late starter + self employed - Asset Allocation?
Replies: 12
Views: 641

Re: Late starter + self employed - Asset Allocation?

You have about 30 years until "normal" retirement. That is a decent amount of time. You should put more weight on your risk tolerance when deciding your overall allocation vs upping it because you need to catch up. Living below your means and ramping up the amount you save is important. Tr...
by Dandy
Wed Jan 27, 2016 1:24 am
Forum: Investing - Theory, News & General
Topic: What is Your Bond Allocation & Location
Replies: 38
Views: 3813

Re: What is Your Bond Allocation & Location

In retirement I'm more into asset preservation than growth with 60% fixed income allocation. I have about 1/3 in intermediate bond funds, 1/3 in short term bond funds and 1/3 no risk to principal e.g. CDs. This includes TIPS and muni bond funds. Muni and some Savings in taxable the rest in tax advan...
by Dandy
Mon Jan 18, 2016 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: vanguard short term bond index
Replies: 21
Views: 1720

Re: vanguard short term bond index

I believe in having a variety of fixed income products. Intermediate bonds will likely have some drop when/if interest rates rise but that shouldn't be a big problem for longer term investors, especially in the accumulation stage. Retirees might want to consider whether or not a bit more conservativ...
by Dandy
Mon Jan 18, 2016 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Failing "sleep well" test: Change AA or more Boglehead-therapy?
Replies: 63
Views: 5094

Re: Failing "sleep well" test: Change AA or more Boglehead-therapy?

I retired in 2008 at age 60 with a bit more than enough and then watched the melt down take me a bit below enough. Scary times. I rolled over my ample 401k to VG Admiral Money Market and proceeded cautiously DCAing back into equities for about a year or so. I get your concern. If the current level o...
by Dandy
Mon Jan 18, 2016 9:25 am
Forum: Investing - Help with Personal Investments
Topic: I can sleep at night but it is on my mind a lot
Replies: 60
Views: 3376

Re: I can sleep at night but it is on my mind a lot

Most people find it comical on here that you can't figure out if you are ok on almost $3,000,0000....I do too... Unnecessary comment and not true at least not verifiable. Laughing at people's fears doesn't help them. Calm reassurance with some facts and/or sound suggestions often does. The OP is no...
by Dandy
Mon Jan 18, 2016 2:23 am
Forum: Investing - Help with Personal Investments
Topic: Buckets for a retiree?
Replies: 55
Views: 4720

Re: Buckets for a retiree?

Keep it simple. Have one bucket with X years worth of drawdown in "safe" products: e.g. short term bonds, CDs etc. In bucket 2 have the rest of your investable assets with some equity risk that fits your need and ability to take risk. When the equity market is down draw from bucket 1. When...
by Dandy
Mon Jan 18, 2016 2:10 am
Forum: Investing - Help with Personal Investments
Topic: I can sleep at night but it is on my mind a lot
Replies: 60
Views: 3376

Re: I can sleep at night but it is on my mind a lot

Retirement investing and risk can be a whole different ballgame. You seem to have ample assets and a nice cash cushion. Staying the course with a bit of rebalancing should do ok. But, if you are edgy now with a 10% or so pullback how will you cope with 20 or 30%? You become fully aware that your ear...
by Dandy
Sat Jan 16, 2016 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: How's it going?....any self-doubt?
Replies: 47
Views: 3836

Re: How's it going?....any self-doubt?

I hate seeing the stock market go down. I'm retired and 68 with about a 40% (now!) allocation to equities. The thing I take comfort is that I followed modified Dr. Bernstein's approach of having enough assets in "safe" products to fund my retirement at current drawdown levels until age 90....
by Dandy
Sat Jan 16, 2016 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Online Bank recommendation
Replies: 50
Views: 4317

Re: Online Bank recommendation

I've used Ally and Discover and had no problems. I suggest going on depositaccounts.com and check out features of different banks and credit unions that might be suited to his needs.
by Dandy
Sat Jan 16, 2016 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Neighbors - retired, with low income, high home equity
Replies: 25
Views: 4079

Re: Neighbors - retired, with low income, high home equity

What happens is that the house up keep gets too expensive and that can really affect future house value significantly. I see houses with bad lawns, bad driveways, small trees growing out of the gutters etc. Houses are expensive to maintain. Outsourcing services such as landscaping, painting, gutter ...
by Dandy
Sat Jan 16, 2016 9:02 am
Forum: Investing - Theory, News & General
Topic: Cash Buffer Instead of "Emergency Fund"
Replies: 52
Views: 4366

Re: Cash Buffer Instead of "Emergency Fund"

I have been thinking of doing that since an online savings account pays more than most checking accounts. It also prevents you from being tied to a regular checking account due to having to switch where your pension, social security etc. when you move or when the bank starts requiring fees or increa...
by Dandy
Fri Jan 15, 2016 9:05 am
Forum: Investing - Theory, News & General
Topic: Much better approach than traditional AA ratios if you have enough?
Replies: 39
Views: 3857

Re: Much better approach than traditional AA ratios if you have enough?

A problem I see with using actual buckets is that it would seem you would have to move money from longer range buckets into mid or shorter range buckets periodically. People sometimes slap their head with the idea of just rebalancing a handful of funds -- I would imagine they would tend to have a si...
by Dandy
Thu Jan 14, 2016 5:59 pm
Forum: Investing - Theory, News & General
Topic: Can reach retirement number without investing . . .
Replies: 21
Views: 2571

Re: Can reach retirement number without investing . . .

You have to make your number and then have that number fully fund your retirement for up to several decades. You really have to be sure of your number, your projected expenses and projected interest rates and inflation. But, as you get closer to retirement you can opt to follow Dr. Bernstein's advic...
by Dandy
Wed Jan 13, 2016 5:42 pm
Forum: Investing - Theory, News & General
Topic: Target Retirement Fund vs S&P 500 Index
Replies: 19
Views: 2306

Re: Target Retirement Fund vs S&P 500 Index

I would disagree. Markets evolve and your AA should evolve with it. Examples. Foreign inefficient markets (poorly regulated, integrated, etc.) become more efficient. As they become more efficient the passive indexing thing to do is to increase their weights. The equity risk premium has been falling...
by Dandy
Wed Jan 13, 2016 1:04 am
Forum: Investing - Theory, News & General
Topic: Do Emergency Funds Count as a part of Retirement portfolio?
Replies: 35
Views: 2498

Re: Do Emergency Funds Count as a part of Retirement portfolio?

I never had a formal emergency fund but always had a decent allocation to safer cash like assets. I counted them as part of my allocation. I never had to use it for a true emergency even when I lost my job twice. Severance pay and unemployment luckily filled the bill. So I never had to cash in EE bo...
by Dandy
Tue Jan 12, 2016 10:57 am
Forum: Investing - Theory, News & General
Topic: Much better approach than traditional AA ratios if you have enough?
Replies: 39
Views: 3857

Re: Much better approach than traditional AA ratios if you have enough?

Your advisor is selling you whole life and annuities which generate nice commissions for him/her. These products seem unnecessary for your situation. You say you have enough to cover your basic expenses without drawing from your investments. I don't think you need to get involved with these products...
by Dandy
Tue Jan 12, 2016 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Bad health news, rethinking everything
Replies: 40
Views: 7142

Re: Bad health news, rethinking everything

In this emotional time it is natural to go through this type of thinking. The combination of a new baby and the loss of a loved one makes you take a hard look at your own life. It probably is not the best time to finalize any decisions but to explore possibilities. It would seem though that with the...
by Dandy
Tue Jan 12, 2016 9:21 am
Forum: Investing - Theory, News & General
Topic: Target Retirement Fund vs S&P 500 Index
Replies: 19
Views: 2306

Re: Target Retirement Fund vs S&P 500 Index

I'm not a fan of TD funds since VG, with good intentions, keeps changing their composition too drastically'/frequently so you really don't know what your buying - sort of like a slow motion active fund. Not horrible but not for me - I like to know what I'm buying. I would suggest Balanced Index Fund...
by Dandy
Mon Jan 11, 2016 6:05 pm
Forum: Investing - Theory, News & General
Topic: Portfolio allocation for elderly individual with daily and all foreseeable expenses covered
Replies: 12
Views: 574

Re: Portfolio allocation for elderly individual with daily and all foreseeable expenses covered

I would avoid aggressive portfolios. Also, keep in mind that when one dies it can change the equation in many ways: 1. Social Security - e.g. if they both collect than only the higher income will continue. 2. Pensions - usually in the past the pension was cut in half for the surviving spouse 3. Taxe...

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