Search found 3940 matches

by Dandy
Mon May 23, 2016 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Still double checking bank checkbook math?
Replies: 43
Views: 2106

Re: Still double checking bank checkbook math?

I keep finding my errors :oops: I have to do it to really know what I have left.
by Dandy
Mon May 23, 2016 3:42 pm
Forum: Investing - Theory, News & General
Topic: Bernstein says emergency fund part of your "asset allocation?"
Replies: 29
Views: 1987

Re: Bernstein says emergency fund part of your "asset allocation?"

It is part of your financial assets whether you count them or not rebalance with them or not. If you blow through your emergency fund because you lose your job you will start using the "other" financial assets. If you never use your emergency fund an retire with a large nest egg will you c...
by Dandy
Sun May 22, 2016 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Whole Life using your RMD
Replies: 20
Views: 1448

Re: Buying Whole Life using your RMD

there is a lot of good reason not to buy whole life insurance. there is also a lot of bias against it for any reason. What is hard to determine is when it might actually be a good idea from a knowledgeable insurance and financial expert who doesn't sell whole life. Life insurance, term or whole life...
by Dandy
Sun May 22, 2016 11:29 am
Forum: Investing - Help with Personal Investments
Topic: How much money do you keep in your regular checking/savings?
Replies: 104
Views: 11623

Re: How much money do you keep in your regular checking/savings?

Too much. I thought I would be better at taking "excess" out of no interest checking at brick bank and move it to an online savings account. So latest approach is going to be to direct SS and pension to online savings and move money 2x per month to interest checking that only requires a ne...
by Dandy
Sun May 22, 2016 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 209
Views: 13337

Re: Pride in no inheritance to kids?

As per my observations in my own family, many parents help TOO MUCH. They are too helpful. Their children need more struggle Let's agree that our own personal experiences tend to affect our view of the world. I do think there is a general problem with too much help that can sap initiative. Whether ...
by Dandy
Sun May 22, 2016 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 209
Views: 13337

Re: Pride in no inheritance to kids?

You ASSUME that your children cannot be more successful than you. And, they need your financial assistance in order to be successful. I do not believe that. I came from a poor starving family. Not addressed to me. For me it is actually the opposite - I want my children to be better off (not just fi...
by Dandy
Sun May 22, 2016 7:36 am
Forum: Investing - Help with Personal Investments
Topic: Vg Prime MM Fund vs. VG Ultra ST Bond Fund
Replies: 22
Views: 1364

Re: Vg Prime MM Fund vs. VG Ultra ST Bond Fund

On line banks offer the best safe short term returns. It would be good to start to get familiar with them especially if you are in a one bank town.
by Dandy
Sat May 21, 2016 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 209
Views: 13337

Re: Pride in no inheritance to kids?

almost child abuse on this board for your children to have to work while a student Really? A bit of an overstatement. I worked and paid my own tuition, parents helped with books etc. Help doesn't equal spoil. I could afford to pay tuition for a state college mostly by working 2 jobs in the summer. ...
by Dandy
Sat May 21, 2016 9:12 am
Forum: Investing - Theory, News & General
Topic: Ally reduces 5 year CD rate
Replies: 16
Views: 2719

Re: Ally reduces 5 year CD rate

Much better CD rates from online banks and credit unions. Ally bank is getting more like a regular bank not quite the radical non bank bank it used to be. see. depositaccounts.com for some better rate alternatives.
by Dandy
Sat May 21, 2016 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Fed rate hike's affect to CD
Replies: 14
Views: 1466

Re: Fed rate hike's affect to CD

If you go to depositaccounts.com you can find some banks/credit unions that pay 2% or more. It can be a hassle to not have all your CDs in one institution but the CD market isn't as efficient as the bond market. The rates are all over the place for the same term and government guarantee. Really hard...
by Dandy
Sat May 21, 2016 8:52 am
Forum: Investing - Help with Personal Investments
Topic: New wannabe BH looking to finalize plans
Replies: 10
Views: 797

Re: New wannabe BH looking to finalize plans

You will surely get some great portfolio advice from other posters. I think the 3 fund approach will serve you well. I would suggest not going to 90% equities and if you go to 80% have a plan to glide down as you age. I assume even moderate returns will result in a great nest egg given where you are...
by Dandy
Sat May 21, 2016 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Glide Path: Do you have set allocation percentages planned out by year?
Replies: 23
Views: 928

Re: Glide Path: Do you have set allocation percentages planned out by year?

First I focus on 2 things: 1. I calculate my current drawdown dollars to fund my retirement and make sure I have enough dollars in "safe" products to fund at that level until at least age 90. ("safe" to me is short term bond funds, CDs, etc.) 2. I try to make sure my overall equi...
by Dandy
Fri May 20, 2016 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 209
Views: 13337

Re: Pride in no inheritance to kids?

perhaps you are saying in hindsight perhaps you also should have been more willing to accept those gifts. That is what I am saying now that the shoe is on the other foot and hopefully being older a bit wiser and less focused on my feelings alone. I do not know if my comments were directed to you sp...
by Dandy
Fri May 20, 2016 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 209
Views: 13337

Re: Pride in no inheritance to kids?

Pride is important and self respect for managing life so that you could support a family well is important too. Sometimes pride can get in the way. If you are middle age and have done well enough to prove to yourself and your family/friends that you had the right stuff -- why would taking an inherit...
by Dandy
Fri May 20, 2016 9:10 am
Forum: Investing - Theory, News & General
Topic: Acquaintance asking about recession
Replies: 30
Views: 2505

Re: Acquaintance asking about recession

Recession is a technical economic term I believe it means 2 consecutive quarter of negative GDP growth. So if quarter 1 the GDP dropped 5% and quarter 2 it went up 1/10% and quarter 3 it went down 5% you still wouldn't be in a recession. But it surely be one as far as equity markets, jobs and layoff...
by Dandy
Fri May 20, 2016 9:01 am
Forum: Investing - Theory, News & General
Topic: What % do you have in alternatives? REITs, commodities, etc.)
Replies: 67
Views: 3507

Re: What % do you have in alternatives? REITs, commodities, etc.)

Age 68 and retired. Used to have REIT and Energy Funds and had nice returns. Got out of REIT fund about 3 years ago to simplify portfolio. Got out of Energy Fund (in taxable :oops: ) about 2 years ago when oil prices started to tank. Again wanted to simplify portfolio and decided to take a small cap...
by Dandy
Fri May 20, 2016 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Plans - One Year to Go
Replies: 25
Views: 2585

Re: Retirement Plans - One Year to Go

Looks like you are in very good shape. Just keep an eye on your TIRA fund since VG likes to change it a bit. That shouldn't be a problem with such a nice income floor. Enjoy.
by Dandy
Thu May 19, 2016 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 209
Views: 13337

Re: Pride in no inheritance to kids?

She gave us something more valuable than money. She gave us the ability to stand on our own two feet. That is so much more valuable than money or an inheritance. I'm glad things worked out for you and you didn't suffer too much to learn that important lesson. You actually always had the ability but...
by Dandy
Thu May 19, 2016 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 209
Views: 13337

Re: Pride in no inheritance to kids?

It seems that many who didn't have financial help and made it the hard way often feel proud and also that in many ways made them better. Parenting approaches are amazingly different. Very few of us have had any formal parenting training and use our parents or ourselves as either something to model o...
by Dandy
Thu May 19, 2016 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 209
Views: 13337

Re: Pride in no inheritance to kids?

2) So, I do not respect people that support their adult children lifestyle with their money. It is their money and their choice. But, it does not mean that I cannot have my belief that they had failed as parent. Interesting. Life often shapes one's values. You should be proud of what you have accom...
by Dandy
Thu May 19, 2016 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 209
Views: 13337

Re: Pride in no inheritance to kids?

There seems to be a philosophy that getting too much help will sap the initiative and drive needed to be successful. Also, perhaps take away the pride of accomplishment if you are handed too much financial help. A lot depends on your situation. It is a different world than when I started out. e.g. 1...
by Dandy
Wed May 18, 2016 9:49 am
Forum: Investing - Help with Personal Investments
Topic: SS or not
Replies: 22
Views: 1888

Re: SS or not

I think the payback period is the wrong way to look at it especially for couples who don't need the SS income at 62 to meet basic retirement expenses. I think it should be more of I'll delay income for x years (4,5,8?) and have a higher inflation adjusted income for whoever lives the longest. If the...
by Dandy
Wed May 18, 2016 6:33 am
Forum: Investing - Help with Personal Investments
Topic: SS or not
Replies: 22
Views: 1888

Re: SS or not

If you truly won't ever need it you can do whatever strikes your fancy. I'm in a very good place financially but decided to maximize my income floor for a couple of reasons. 1. Never know what can happen to investments, real estate, pensions etc. with almost zero human capital left why not take the ...
by Dandy
Tue May 17, 2016 10:15 pm
Forum: Investing - Theory, News & General
Topic: When is the last time Vanguard altered target date allocations?
Replies: 8
Views: 1048

Re: When is the last time Vanguard altered target date allocations?

I am glad that Vanguard is willing to change their Target and Life-Strategy funds when their experts believe a change will offer improvement. Why are Vanguard "experts" any better than other company's experts? That is a serious question. I can't imagine that they have any more expertise t...
by Dandy
Tue May 17, 2016 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Could I be held Liable for giving financial advice to a friend
Replies: 37
Views: 3603

Re: Could I be held Liable for giving financial advice to a friend

I usually make it clear that I am providing investment information and never suggest a fund. I tell them what I am doing and why. When they pick a fund I try to tell them the pro's and con's and the expenses etc. Most times they want to understand what their 401k options are and understand them. The...
by Dandy
Tue May 17, 2016 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Pension or Lump Sum?
Replies: 11
Views: 1039

Re: Pension or Lump Sum?

Usually the pension wins out but by all means do the math. My caution is that the lump sum is tempting especially when average portfolio returns seem to have that large lump grow a lot. Having a good size income floor, even if it is not inflation adjusted, still provides some security and peace of m...
by Dandy
Tue May 17, 2016 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: ‘Cash stash’ while delaying SS
Replies: 11
Views: 1144

Re: ‘Cash stash’ while delaying SS

In general it makes sense. I am funding the delay from 62 to 70 (2 more years) and used some CDs and On line Savings to do it. You might want to think of what you want your fixed income in taxable accounts to look like when you start to collect and are leaving taxable alone. Take the funding to get ...
by Dandy
Mon May 16, 2016 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Won the game - time to quit playing?
Replies: 46
Views: 7598

Re: Won the game - time to quit playing?

I actually reached the goal quite early and just blasted through it and continued saving. By the time I actually retired seven years later, we had 2x what we really needed. That is a very nice cushion to have. Indeed. If that was the only outcome it would be great. The safe part was to continue sav...
by Dandy
Mon May 16, 2016 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Take my SS at 62 or wait?
Replies: 123
Views: 9116

Re: Take my SS at 62 or wait?

No question that delaying SS has an impact on your portfolio to fund the wait. Many can't afford to fund the wait from 62 to 66 or 70. So, a lot depends on the size of your portfolio and the size of the income gap that needs to be made up from portfolio withdrawals. How low do you let your portfolio...
by Dandy
Mon May 16, 2016 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Take my SS at 62 or wait?
Replies: 123
Views: 9116

Re: Take my SS at 62 or wait?

Seems to me that the gratification concept is dubious. The money goes to one of two investments: (1) to buy investments in your retirement fund (2) to buy an annuity. How is it that one is more gratifying than the other? In particular, how could the less wise investment possibly be the more gratify...
by Dandy
Sun May 15, 2016 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Take my SS at 62 or wait?
Replies: 123
Views: 9116

Re: Take my SS at 62 or wait?

I always opted for deferred gratification on pensions (2) and Social Security at age 70 (2 more years). If you don't really need the money now, are in good health,have decent longevity genes, and it is not preventing you from some significant upgrade in standard of living then waiting will give you ...
by Dandy
Sun May 15, 2016 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Won the game - time to quit playing?
Replies: 46
Views: 7598

Re: Won the game - time to quit playing?

You likely have a self-defeating mindset if you're viewing these issues as a game that must be won or lost. I honestly don't understand this comment. If the phrase was "after you have exceeded your financial goal maybe you should stop trying to keep exceeding it if it means you might have a gr...
by Dandy
Sun May 15, 2016 5:27 am
Forum: Personal Finance (Not Investing)
Topic: Retire Early -or- Not At All
Replies: 31
Views: 3423

Re: Retire Early -or- Not At All

Working is just an activity. You can work for money, benefits, social interaction, feelings of accomplishment, etc. It is usually the money and benefits that drive most people to keep working - lucky ones keep working because of social or sense of accomplishment. Some get social and sense of accompl...
by Dandy
Sun May 15, 2016 5:15 am
Forum: Personal Finance (Not Investing)
Topic: Factoring potential inheritance in financial planning
Replies: 17
Views: 1311

Re: Factoring potential inheritance in financial planning

generally I'd say no. But I'm sure there are unusual situations where some influence on your allocation and/or expenditures might be ok especially if they are relatively modest. You always have to keep in mind the inheritance might be zero.
by Dandy
Fri May 13, 2016 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: What was your hardest retirement transition?
Replies: 61
Views: 8829

Re: What was your hardest retirement transition?

I agree that transitioning from accumulation to withdrawal is difficult and will be even more so when RMDs hit in 2 years. Seeing financial assets grow was reaffirming. But I also miss the challenge and decision making that work provided as well as the social aspect. Job wasn't all that enjoyable bu...
by Dandy
Fri May 13, 2016 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Won the game - time to quit playing?
Replies: 46
Views: 7598

Re: Won the game - time to quit playing?

Why go for capital preservation when you can go for capital growth? If you can handle the risk, why through away millions of dollars. I am pretty sure you have family or a charity that would like that money. Different people have different need and ability to take risks especially in retirement. Mo...
by Dandy
Fri May 13, 2016 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Won the game - time to quit playing?
Replies: 46
Views: 7598

Re: Won the game - time to quit playing?

I haven't won the game, per Bernstein, because I don't have 25x residual living expenses in safe investments. So, I guess I'm continuing to play the game. I still think there is some value of having x years "safe". Maybe 10 yrs? Adjusting the fixed income side to having some in short term ...
by Dandy
Fri May 13, 2016 7:57 am
Forum: Investing - Help with Personal Investments
Topic: Won the game - time to quit playing?
Replies: 46
Views: 7598

Re: Won the game - time to quit playing?

Does "putting the remainder at risk" traditionally mean investing the remainder in, for example, a 50/50 portfolio? Or, does it mean investing most of the remainder in equities? It doesn't have a "tradition". Dr. Bernstein suggests investing it anyway you wish including 100% in ...
by Dandy
Fri May 13, 2016 6:50 am
Forum: Investing - Help with Personal Investments
Topic: Won the game - time to quit playing?
Replies: 46
Views: 7598

Re: Won the game - time to quit playing?

The won the game phrase I believe came from Dr. Bernstein. When I retired in 2008, not a great time, I too was concerned about my retirement allocation. I had enough but still was a bit concerned about it. I read Dr. Bernstein's idea of having 20-25 years of drawdown needs (he uses the term residual...
by Dandy
Tue May 10, 2016 11:56 pm
Forum: Investing - Theory, News & General
Topic: liquid cash in retirement: keep 2-3 years of expenses?!
Replies: 17
Views: 2649

Re: liquid cash in retirement: keep 2-3 years of expenses?!

A lot depends on your age, portfolio size and size of your withdrawals to supplement your retirement. I think keeping 2 or 3 years or so liquid is a decent idea for many. There are retirement "emergencies" that can be funded, it can also be substituted from your normal "risk" por...
by Dandy
Tue May 10, 2016 11:29 pm
Forum: Investing - Theory, News & General
Topic: Another Bernstein Gem-Don't be Greedy
Replies: 42
Views: 7151

Re: Another Bernstein Gem-Don't be Greedy

Pascal's Wager? What to do? Take a chance on dying with the most toys, winning the game and possibly going broke in the process or settle for a smaller, safer income stream and live moderately comfortable at a lower level of expenditure? many don't have the assets to fund 20 years of residual expen...
by Dandy
Mon May 09, 2016 6:43 pm
Forum: Investing - Theory, News & General
Topic: Don't stay the course
Replies: 118
Views: 16348

Re: Don't stay the course

In my opinion, change only in response to life events, not to market events. I think negative interest rates might change my fixed income course somewhat? What say you? I think the introduction of TIPs awhile ago might have prompted me to consider some of them. How about if they started taxing muni...
by Dandy
Mon May 09, 2016 2:26 pm
Forum: Investing - Theory, News & General
Topic: Don't stay the course
Replies: 118
Views: 16348

Re: Don't stay the course

To try to set a course say at 25 and not alter that course until death at say 85 would be amazing and probably not a good idea. You set a course based on an iffy guess at your risk tolerance and then try to translate that into an iffy allocation between equities and fixed income and then decide on p...
by Dandy
Sun May 08, 2016 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for 3 weeks between jobs
Replies: 15
Views: 1577

Re: Health insurance for 3 weeks between jobs

Private Insurance - my daughter dropped out of grad school (last semester!) to take a coveted teaching job. Her grad school insurance ran out 12/31 and her new health insurance benefit started March 1st. She took out private health insurance, expensive since she wanted to make sure she had good cove...
by Dandy
Sun May 08, 2016 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Too Chicken for NJ Municipal Bonds?
Replies: 12
Views: 1429

Re: Too Chicken for NJ Municipal Bonds?

Can't say that I've heard of many muni defaults with the many states that have fiscal issues currently or in the past. I live in the garden state and use Vanguard Ltd Term Tax Exempt and to a lesser extent Intermediate Term Tax Exempt. I'm in retirement and feel my fixed income should be on the safe...
by Dandy
Sun May 08, 2016 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Interest rate risk specific example
Replies: 25
Views: 1276

Re: Interest rate risk specific example

All of these things and more are already baked into the OP's presupposed rate change of the newly issued bonds. I guess you are referring to that the existing bond funds have fully baked into it's price the effect of any interest rate change. If so I disagree. The market tries to do that but often ...
by Dandy
Sun May 08, 2016 10:28 am
Forum: Personal Consumer Issues
Topic: Thinking of moving to SC or TX
Replies: 31
Views: 3246

Re: Thinking of moving to SC or TX

Visited Charleston last year. It was beautiful. Unfortunately, we had to leave early due to heavy rains e.g. the day we left the airport had 19 inches of rain!!. Being in the Low Country the city got it from all sides, the ocean, the heavens and the draining of rain from the High Country. A small se...
by Dandy
Sun May 08, 2016 8:23 am
Forum: Investing - Theory, News & General
Topic: Got a Question for Jack Bogle? Post it Here.
Replies: 64
Views: 6697

Re: Got a Question for Jack Bogle? Post it Here.

I have several 1. In one interview I saw Mr. Bogle, you indicated that when the equity market was extremely overvalued, a rar e event, you would consider moving from say a 65% equity allocation to something like 40%. What measure or measures of value would be appropriate? How would an investors age ...
by Dandy
Sun May 08, 2016 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Value vs Blend vs Growth
Replies: 9
Views: 1074

Re: Value vs Blend vs Growth

At the risk of upsetting you I don't think you really know what your risk tolerance is. Many of us who had invested for decades were quite surprised that our understanding of our risk tolerance was overstated when equities took their plunge in 2008-9. Some of that surprise was the actual paper loss,...
by Dandy
Sun May 08, 2016 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Should I Buy an annuity?
Replies: 16
Views: 2160

Re: Should I Buy an annuity?

If you can meet your current obligations without an annuity then you don't need to buy one. Fear is dangerous. Even if the election isn't in your favor that won't likely have any impact of being able to buy an annuity in the future. Bad health doesn't prevent buying one, and the older you are the be...

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