Search found 79 matches

by Dinosaur Dad
Thu Jan 11, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 200
Views: 9505

Re: Trusts for adults Children

Right now our will leaves everything to a trust, managed by my brother-in-law, who we consider to be trustworthy and knowledgeable. He would have the ability to move the assets to our son at his discretion (no set timetable). Lately, quite frankly, I've been having second thoughts - specifically ab...
by Dinosaur Dad
Mon Jan 08, 2018 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: Should we keep this variable annuity?
Replies: 65
Views: 2999

Re: Should we keep this variable annuity?

Not sure if someone mentioned this...but Jane Bryant Quinn recommends annuityreview.com in her book, "how to make your money last." I have found her books in valuable so lends some credibility.
by Dinosaur Dad
Mon Jan 08, 2018 8:52 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 286
Views: 24041

Re: Year 2000 retirees using the '4% rule' - Where are they now?

thanks for the post, certainly helps defend the 4% benchmark. To me, the issue now, for those of us approaching retirement is the prospect of lower-than-historic returns...at least for the immediate horizon. I know that none of us can predict, but the fact that Jack Bogle has cited this possibility ...
by Dinosaur Dad
Mon Jan 08, 2018 8:43 pm
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 8417

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

Because money is so taboo, I think there's a lot of value in these open and honest threads. I'm happy for those who made their number, but in the spirit of the Bogleheads, the value is in each providing yet another case study of what they did to get there.
by Dinosaur Dad
Sun Jan 07, 2018 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 200
Views: 9505

Re: Trusts for adults Children

Right now our will leaves everything to a trust, managed by my brother-in-law, who we consider to be trustworthy and knowledgeable. He would have the ability to move the assets to our son at his discretion (no set timetable). Lately, quite frankly, I've been having second thoughts - specifically ab...
by Dinosaur Dad
Sat Jan 06, 2018 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 200
Views: 9505

Re: Trusts for adults Children

Right now our will leaves everything to a trust, managed by my brother-in-law, who we consider to be trustworthy and knowledgeable. He would have the ability to move the assets to our son at his discretion (no set timetable). Lately, quite frankly, I've been having second thoughts - specifically abo...
by Dinosaur Dad
Sat Jan 06, 2018 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on setting up retirement cash flow
Replies: 22
Views: 1770

Re: Seeking advice on setting up retirement cash flow

One more thought. For helping out your kid with grad school one option to look into would be to give him or her shares of a mutual fund with a lot of capital gains and let them sell it. They might be old enough to avoid the kiddie tax but I am not sure of all the details on how that works. Good tho...
by Dinosaur Dad
Sat Jan 06, 2018 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on setting up retirement cash flow
Replies: 22
Views: 1770

Re: Seeking advice on setting up retirement cash flow

DD, sorry for your situation. I am basically same age and somewhat worried about same thing happening to myself. You appear to be in pretty decent fiscal shape and lots of good advice already given by fellow BHs. My only additional advice, if not already given, is to read all or the key chapters of...
by Dinosaur Dad
Sat Jan 06, 2018 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on setting up retirement cash flow
Replies: 22
Views: 1770

Re: Seeking advice on setting up retirement cash flow

I might have missed it with all the details but you might want to edit your post to make it clearer what your total amount is in Roth, IRA/401k, and taxable accounts. I’m seeking to produce about $115k How much Social Security will you and your spouse get a various ages? It often makes sense for on...
by Dinosaur Dad
Sat Jan 06, 2018 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on setting up retirement cash flow
Replies: 22
Views: 1770

Re: Seeking advice on setting up retirement cash flow

Wow, that's a lot of funds. If I did the addition correctly you have 1.6M in taxable, 3.4M in pre-tax and .2M in Roth. You need 115k/year plus 24k (health ins.) plus 35k/7 (car) plus travel (30k?) plus income taxes? Then lump sum expenses of grad school (net 100k after stipends?) plus 2nd home (325...
by Dinosaur Dad
Sat Jan 06, 2018 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on setting up retirement cash flow
Replies: 22
Views: 1770

Re: Seeking advice on setting up retirement cash flow

Would you maintain the 50/50 ratio in both the after tax accounts and the pretax accounts? No, I'd put as much of the bonds as possible in the pretax accounts, for tax efficiency. I guess you'd have to have some bonds in the after tax to protect from selling in a downturn. If you have only stocks i...
by Dinosaur Dad
Sat Jan 06, 2018 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on setting up retirement cash flow
Replies: 22
Views: 1770

Re: Seeking advice on setting up retirement cash flow

Would you maintain the 50/50 ratio in both the after tax accounts and the pretax accounts? No, I'd put as much of the bonds as possible in the pretax accounts, for tax efficiency. I guess you'd have to have some bonds in the after tax to protect from selling in a downturn. If you have only stocks i...
by Dinosaur Dad
Sat Jan 06, 2018 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on setting up retirement cash flow
Replies: 22
Views: 1770

Re: Seeking advice on setting up retirement cash flow

Dinosaur...Sorry to hear about 'forced retirement'. I see this more and more, and frankly, at age 51, I feel more than a little angst about that. Have you considered moving from CT to a low tax state? I would give that a lot of thought. Your dollars will go a lot further. And with relatively cheap ...
by Dinosaur Dad
Sat Jan 06, 2018 8:59 am
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on setting up retirement cash flow
Replies: 22
Views: 1770

Re: Seeking advice on setting up retirement cash flow

I think you are making retirement planning very complicated when it is supposed to be very simple for someone at your asset level. Why do you even need to mark out to 7 years of bonds maturing year to year? All this does is to subject a large fraction of your assets to Treasury type yields. A simpl...
by Dinosaur Dad
Sat Jan 06, 2018 12:11 am
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on setting up retirement cash flow
Replies: 22
Views: 1770

Re: Seeking advice on setting up retirement cash flow

I don't know if you are aware of nursing home cost in CT, but my mother was in a nursing home in a town about 12 miles northwest of Hartford. The cost was $10k/month ($120k/year) & that was in 2008. Of course that's retail. I'm sure Medicaid paid much less when her money ran out. I'm sure it's much...
by Dinosaur Dad
Fri Jan 05, 2018 10:26 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on setting up retirement cash flow
Replies: 22
Views: 1770

Re: Seeking advice on setting up retirement cash flow

If you have not already, may I suggest that you read in its entirety this multipart series on safe withdrawal rate: https://earlyretirementnow.com/2016/12/07/the-ultimate-guide-to-safe-withdrawal-rates-part-1-intro/ Knowledge gained from reading that may change your mind about many of the things yo...
by Dinosaur Dad
Fri Jan 05, 2018 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on setting up retirement cash flow
Replies: 22
Views: 1770

Seeking advice on setting up retirement cash flow

Hello fellow Bogleheads. Would appreciate insights on my portfolio, as I’m newly-retired (well, big company retired me 12 months ago, severence is up, hard to find work at age 61), so am just looking to see where I am if I just said “that’s it” (somewhat ambivalent about not working again at the mom...
by Dinosaur Dad
Thu Jan 04, 2018 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Why are mutual fund fees so high? This billionaire knows
Replies: 1
Views: 513

Why are mutual fund fees so high? This billionaire knows

Fellow Bogleheads: Here's an interesting read, focused on how Baron Funds are apparently doing ok despite consistently higher fees. I used to hold several Baron Funds in my 401k, back when my company's options weren't very good and were all high fees. Thankfully they learned and changed the fund arr...
by Dinosaur Dad
Sat Dec 30, 2017 10:45 am
Forum: Personal Finance (Not Investing)
Topic: So, how was the year ? Gains made and Lessons learnt ?
Replies: 75
Views: 6790

Re: So, how was the year ? Gains made and Lessons learnt ?

A lot happened this year. Layoff in January from 20+ year corporate job at age 61, am still looking to get something else, but much harder than I thought. Beyond grateful that I'm frugal and I started investing early so I have options, including just packing it in (although I really feel I have a lo...
by Dinosaur Dad
Sun Dec 24, 2017 10:49 pm
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Present to You
Replies: 90
Views: 8140

Re: My Christmas Present to You

Thank you - a great reminder of how we are in debt to you and to so many others. A present we too often take for granted.
by Dinosaur Dad
Mon Dec 18, 2017 6:52 pm
Forum: Personal Consumer Issues
Topic: How do Bogleheads save on eyeglasses?
Replies: 85
Views: 4836

Re: How do Bogleheads save on eyeglasses?

Through work I had a program called VSP...which I thought gave me good deals when purchasing glasses at my Opthamoligist's office. Come to find that Costco was a MUCH BETTER option even with my supposed discount.
by Dinosaur Dad
Mon Dec 18, 2017 6:49 pm
Forum: Investing - Theory, News & General
Topic: Where do you read financial news?
Replies: 39
Views: 3573

Re: Where do you read financial news?

My local library provides online access from home to the Wall Street Journal...I just use my library card. Works great.
by Dinosaur Dad
Mon Dec 04, 2017 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand the ACA Cliff
Replies: 21
Views: 1718

Re: Help me understand the ACA Cliff

It's huge here in Connecticut...Bronze plan for family of three is roughly $23,000.
by Dinosaur Dad
Tue Nov 21, 2017 11:03 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle, the world's richest man
Replies: 25
Views: 5179

Re: Jack Bogle, the world's richest man

Let me add one simple thing: just think about everyone who, as a result of learning and following Mr. Bogle's sound principles to achieve a modicum of financial stability, was able to extend a helping hand to their families, friends and communities. For me, that meant starting from nothing to subseq...
by Dinosaur Dad
Fri Jun 23, 2017 5:50 pm
Forum: Investing - Theory, News & General
Topic: [NY Times: Index fund evangelist is straying From His Gospel]
Replies: 32
Views: 4158

Article: re: Burt Malkiel: "An Index-Fund Evangelist Is Straying From His Gospel"

I found this article (link below) in today's New York Times, talking about how Burt Malkiel is working with Wealthfront to bring "smart beta" to more people, at a lower cost. Over time, reading this forum, I've heard from lots of people who are much more knowledgeable than I, debating both sides.. M...
by Dinosaur Dad
Thu Jun 22, 2017 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 228
Views: 29510

Re: Early Retirement - what to do about healthcare?

Fellow Bogleheads Great thoughts. One other option to the exchanges: I was on the phone with an insurance broker today. Apparently there are ways (I live in Connecticut) to enroll in a union-related plan for medical. The example he cited was something associated with the International Brotherhood of...
by Dinosaur Dad
Mon May 15, 2017 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else dial down retirement savings?
Replies: 32
Views: 5589

Re: Anyone else dial down retirement savings?

Your question touches on an important consideration: after retirement, you have to think about tax rates and cash flow, pre and post RMD's. In my case (age 60), we are planning to delay social security until 70 and wait until age 70 1/2 to take RMDs. The issue though is that exposes us to a very hig...
by Dinosaur Dad
Wed May 10, 2017 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice for retirees (age 69, perhaps $3 MM) that are unhappy with their advisors
Replies: 34
Views: 3316

Re: Seeking advice for retirees (age 69, perhaps $3 MM) that are unhappy with their advisors

Maybe you or they could read the latest edition of How to Make Your Money Last by Jane Bryant Quinn written for retirees. There is a Bogleheads Guide to Retirement planning as well. Ms Quinn has been writing about personal finance for a long time. She also has articles in the AARP website, and poss...
by Dinosaur Dad
Wed May 10, 2017 9:23 pm
Forum: Personal Consumer Issues
Topic: Bicycling Delaware Maryland Pennsylvania
Replies: 13
Views: 1162

Re: Bicycling Delaware Maryland Pennsylvania

Northern Delaware has an excellent trail system that meets your criteria. The park is White Clay Creek State Park, located in Newark, DE - see link below. It's a 3,300 acre state park about an hour southwest of Philly with 37 miles of trails. While there are some hilly spots, most of the park consi...
by Dinosaur Dad
Wed May 10, 2017 9:23 pm
Forum: Personal Consumer Issues
Topic: Bicycling Delaware Maryland Pennsylvania
Replies: 13
Views: 1162

Re: Bicycling Delaware Maryland Pennsylvania

My wife & I just spent a long weekend staying in Knoxville,MD in order to bike parts of the C&O towpath. Nice &flat. We rode round trips to Brunswick,Harpers Ferry, and Shepherdstown. We enjoyed it. Also drove to the Monocacy aqueduct on our way home.Not huge history buffs but the canal, H Ferry, t...
by Dinosaur Dad
Wed May 10, 2017 9:22 pm
Forum: Personal Consumer Issues
Topic: Bicycling Delaware Maryland Pennsylvania
Replies: 13
Views: 1162

Re: Bicycling Delaware Maryland Pennsylvania

Check out Delaware DOT bicycle maps page: http://www.deldot.gov/information/community_programs_and_services/bike/biking_in_delaware/maps.shtml Western Maryland rail trail: http://www.westernmarylandrailtrail.com/WMRT/index.html There are many trails and road routes throughout Pennsylvania. Search G...
by Dinosaur Dad
Wed May 10, 2017 1:54 pm
Forum: Personal Consumer Issues
Topic: Bicycling Delaware Maryland Pennsylvania
Replies: 13
Views: 1162

Bicycling Delaware Maryland Pennsylvania

Folks My wife and I are avid bicyclists, but our geography has been limited pretty much to Connecticut, Vermont, Rhode Island, Massachusetts. Have heard and read on this forum about some great areas in Maryland, Delaware, Pennsylvania. Any suggestions on where to start? Our rides are usually 20-35 m...
by Dinosaur Dad
Sun May 07, 2017 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Retire Early?? Need a sense check
Replies: 42
Views: 9028

Re: Retire Early?? Need a sense check

My two cents: 1. What's your real return (i.e. what is your inflation assumption)? 2. Agree with other posts which essentially say...how much flex does your $110-120k/year expense number have? if you have a couple of sub-par years, adjusting spending could be an option. 3. Remember that the healthca...
by Dinosaur Dad
Sat May 06, 2017 7:34 am
Forum: Investing - Theory, News & General
Topic: Financial Literacy
Replies: 27
Views: 2684

Re: Financial Literacy

Interesting exercise, scored 84% ( am doing a lot of reading and learning lately to help me plan retirement the Boglehead way...thank you fellow Bogleheads for sharing your knowledge). This does a pretty good job of highlighting important issues like timing of social security, need for long term car...
by Dinosaur Dad
Thu May 04, 2017 1:54 pm
Forum: Investing - Theory, News & General
Topic: Chief Investment Officer of Vanguard, Gus Sauter, to retire
Replies: 42
Views: 6364

Re: Chief Investment Officer of Vanguard, Gus Sauter, to retire

I think we all have to just hope/expect that the Vanguard core values continue to be taught to the rank-and-file, and that those now moving up will keep them in mind. The siren song that pulls a lot of people towards what's new/trendy/hot (but unproven!) can be hard to resist. This is a discussion I...
by Dinosaur Dad
Thu May 04, 2017 1:46 pm
Forum: Investing - Theory, News & General
Topic: Morningstar article--Service Complaints Aside, Investors See Value at Vanguard
Replies: 10
Views: 1125

Vanguard Servicing

[Thread merged into here, see below. --admin LadyGeek] Found this on Morningstar, relative to some "buzz" about service issues at Vanguard. I'm personally not that surprised given the amount of incoming dollars, and I have to believe/hope/expect they are aware of of this. http://beta.morningstar.co...
by Dinosaur Dad
Wed May 03, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Genworth Long Term Care
Replies: 11
Views: 1315

Re: Genworth Long Term Care

I'm trying to figure out the LTC issue also. Experience with my mother, who had a protracted illness from age 76 to her death at 87, showed me how it certainly can help (she had a policy with Travelers that paid for in-home care). But in reading this forum, it's very much a process of identifying ho...
by Dinosaur Dad
Tue May 02, 2017 7:48 pm
Forum: Investing - Theory, News & General
Topic: Giving a Talk on Personal Finance & Investing - Advice?
Replies: 41
Views: 3230

Re: Giving a Talk on Personal Finance & Investing - Advice?

here's a link to a Connecticut state website, which itself has links to a variety of programs geared towards financial education (including some classroom materials, booklets, etc.). May not be exactly what you need (I just glanced over this as i came upon it the other day), but it might be helpful....
by Dinosaur Dad
Mon May 01, 2017 1:41 pm
Forum: Local Chapters and Bogleheads Community
Topic: John Bogle's Legacy!
Replies: 19
Views: 3574

Re: John Bogle's Legacy!

Well it's pretty clear that there's a common theme here about Mr. Bogle. Those principles he has tirelessly taught brought more honesty and transparency to an industry sorely in need of both. For me personally: for whatever reason, I was fortunate enough to read a few articles back in the early 1980...
by Dinosaur Dad
Fri Apr 28, 2017 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: A Morbid Subject
Replies: 20
Views: 2906

Re: A Morbid Subject

I think most people are in denial about this topic...choose not to think about it at all. But I think we all need to think about it at least a little, and to have "that discussion" with loved ones. First of all, in order to plan: I convinced my mother to finish her will, power of attorney, health ca...
by Dinosaur Dad
Thu Apr 20, 2017 2:09 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 45169

Re: Larry Swedroe says "Goodby."

Mr. Swedroe has been a generous and helpful poster. Thank you sir...know that sharing your financial knowledge and literacy makes a huge difference to people like me - and that translates to a better ability to take care of my family and others I can help. Dismayed that some spoil this great opportu...
by Dinosaur Dad
Tue Apr 18, 2017 9:56 pm
Forum: Personal Consumer Issues
Topic: Buy a new honda or continue with old one
Replies: 33
Views: 3920

Re: Buy a new honda or continue with old one

beyond tires, standard oil changes etc. I would be willing to spend money on things like struts and muffler. If you get into problems with the basic engine like valves etc. that would be a no go to me. I typically bail at about 150-175k miles.
by Dinosaur Dad
Tue Apr 18, 2017 2:42 pm
Forum: Investing - Theory, News & General
Topic: Online retirement software verbiage
Replies: 4
Views: 614

Re: Online retirement software verbiage

One thought to add though: Beyond why they ask for percent of salary versus percent of expenses... The issue is both how much you need to spend AND how to generate the needed cash. The first, with some simple tracking of receipts for a couple of months, can be generated fairly easily...and you alrea...
by Dinosaur Dad
Tue Apr 18, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Which book is best to start with ?
Replies: 12
Views: 1328

Re: Which book is best to start with ?

Here's another: Control Your Retirement Destiny: Achieving Financial Security Before The Big Transition by Dana Anspach. She's a planner based in Arizona, fairly prolific, also writes a money column for "the Balance.com" on the web (used to be in About.com...see the "retirement" heading) This isn't ...
by Dinosaur Dad
Wed Apr 12, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Advisor
Replies: 8
Views: 1623

Re: Vanguard Advisor

I recently received my "free" plan from Vanguard per my request. It was "free" because I have a lot of assets at Vanguard. I think there's some value to what they will do for you, given your self-described "novice" status. They'll ask you to fill out a questionnaire about your risk tolerance, look a...
by Dinosaur Dad
Tue Apr 11, 2017 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Breaking up with my Financial Advisor
Replies: 56
Views: 5383

Re: Breaking up with my Financial Advisor

I would just add: imagine being a "conventional" advisor right now. There is a tsunami of change that must be hugely threatening to advisors, including robos, fee reductions, etc. So yes be assertive but I guess I would feel a little compassion for them. My experience over the past month, in looking...
by Dinosaur Dad
Tue Apr 11, 2017 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: A Wealth Of Common Sense
Replies: 17
Views: 3920

Re: A Wealth Of Common Sense

Fallible wrote:Enjoyed the article, but would have to disagree with one of Carlson's comments: "No one brags about simplifying their investment strategy to their peers."

The Bogleheads do. :happy
a huge "amen" to you.
by Dinosaur Dad
Tue Apr 11, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford private school tuition
Replies: 42
Views: 4268

Re: Can we afford private school tuition

I would say you have multiple things to consider here: 1. Yes from a cash position you have the money. 2. As many have posted, however, you need to look ahead a little. Switching schools in the middle of adolescence - really difficult (we moved just before 9th grade, and my son struggled). Does that...
by Dinosaur Dad
Mon Apr 10, 2017 11:19 am
Forum: Personal Consumer Issues
Topic: Buy a new honda or continue with old one
Replies: 33
Views: 3920

Re: Buy a new honda or continue with old one

I too am buy and hold with cars but: I don't think anyone's noted the more advanced safety options with a newer car. Yes you could make it run longer, but you should balance that against the pure $ equation. I typically buy a good condition used car (2-3 years old) that's had the nasty initial depre...
by Dinosaur Dad
Fri Apr 07, 2017 10:11 am
Forum: Investing - Theory, News & General
Topic: Vanguard: "Important: We've been unable to reach you by email"
Replies: 36
Views: 4384

Re: Vanguard: "Important: We've been unable to reach you by email"

I recently had an issue with my Vanguard transaction history/cost basis calculations. Number were missing or incorrect. My brother-in-law had an issue with something similar. I feel a level of loyalty to Vanguard for its role in teaching me the basics and its commitment to individual investors. I ha...