Search found 121 matches

by GMT-8
Tue Nov 07, 2017 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: Top tax bracket in CA - Bonds all muni?
Replies: 11
Views: 1027

Re: Top tax bracket in CA - Bonds all muni?

I vote yes. The yield is high; I can still sleep at night.
About 10% of my total portfolio is in Calif Interm & Long Term.
That’s 2/3 of my taxable but I have been spending it down the last few years.

GMT-8
by GMT-8
Tue Nov 07, 2017 9:34 pm
Forum: Investing - Help with Personal Investments
Topic: From 100% equity to 80/20. Overnight or over a year?
Replies: 23
Views: 1872

Re: From 100% equity to 80/20. Overnight or over a year?

I vote for overnight.

What’s done is then done. If you string it out, you are likely to reassess your decision every time.

That’s my opinion. It has worked for me over 40 years.

GMT-8
by GMT-8
Wed Oct 18, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner Seeking 401K and IRA Advice!
Replies: 10
Views: 804

Re: Beginner Seeking 401K and IRA Advice!

"make your portfolio simple, contribute as much as you can, and then SIT ON YOUR HANDS" I fully agree with this, put your depositing strategy on autopilot so you do not have to actively put money in. Then leave your retirement money alone and if you want to sow your wild oats, go to the beach or mou...
by GMT-8
Wed Oct 18, 2017 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: seeking advice on asset allocation, or is Vanguard crazy
Replies: 26
Views: 2674

Re: seeking advice on asset allocation, or is Vanguard crazy

I'd say the single most important factor in reaching your goals is making sure you retain two assets allocated in 50/50 balance: the first wife, and one house. Why people (specifically retirees) run out of money: 1 Too many dependents that weigh over 50 lbs (kids, horses, etc) 2 Divorce (see pt 1) 3...
by GMT-8
Fri Oct 13, 2017 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: pay taxes from long term gains on a taxable account
Replies: 18
Views: 1404

Re: pay taxes from long term gains on a taxable account

I know you stated you are opposed to any penalty but ... I got in the situation you are in, with a large unexpected capital gains from one of my Vanguard funds declaring "Surprise!" near year end. I whined and complained to my tax man, he said Relax, the holidays are here. He calculated that I would...
by GMT-8
Sat Sep 23, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Expense changes
Replies: 17
Views: 1313

Re: TIAA Expense changes

UPDATE: Wife and I did all the TIAA transfer paperwork online, then printed out the forms and signed them. We marched into the retirement office at her former university, and had a quick cheery conversation with the benefits counselor who confirmed my wife hadn't worked there for 25 years. We all si...
by GMT-8
Sat Sep 16, 2017 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Expense changes
Replies: 17
Views: 1313

Re: TIAA Expense changes

Thanks for the tip. We will use it to save ourselves some hassle on this.

GMT-8
by GMT-8
Sat Sep 16, 2017 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Expense changes
Replies: 17
Views: 1313

Re: TIAA Expense changes

Can you just email a page (of 19-pg document) and have someone print, sign and return it?

I'd assumed that wouldn't be allowed.
by GMT-8
Sat Sep 16, 2017 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Expense changes
Replies: 17
Views: 1313

Re: TIAA Expense changes

I extracted it from a table with about 6 columns and 40 rows. It's not clear from the table headings if the Rev Sharing fees are additive to the ER or subtracted from them. As the tone of the letter was "Don't worry, we are charging more but not that much more", I presumed that they were additive. B...
by GMT-8
Thu Sep 14, 2017 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Expense changes
Replies: 17
Views: 1313

TIAA Expense changes

We got a notice this week saying TIAA was adjusting the fees associated with our 403(b) account. Specifically, they announced a relationship between the Fund ER, a "Revenue Sharing" kickback from fund to TIAA, and a "Plan Servicing Fee" that result in a "Total Administrative Fee". So for example, T ...
by GMT-8
Tue Sep 12, 2017 2:37 am
Forum: Personal Finance (Not Investing)
Topic: Relocate for Early Retirement?
Replies: 41
Views: 3905

Re: Relocate for Early Retirement?

We've spent much of the last week discussing this issue with my brother and his wife who after living there 30 years, are itching to get out of King County (Seattle area) due to high sales taxes, onerous local building restrictions, and what they consider to be intolerably progressive/oppressive pol...
by GMT-8
Fri Sep 01, 2017 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Our Family FI Plan for Your Critique
Replies: 26
Views: 2496

Re: Our Family FI Plan for Your Critique

As for tax advice, I would ask (older, successful) people in your community "Who do you use for your taxes?" I wouldn't make the mistake of thinking you can as easily ferret out the solutions you need via tax software - which is good if you are already on a clear path. But for example, my return inc...
by GMT-8
Thu Aug 31, 2017 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: Our Family FI Plan for Your Critique
Replies: 26
Views: 2496

Re: Our Family FI Plan for Your Critique

Since taxes are impacting your planning, have you talked to a GOOD tax preparer? Recently? You need better advice than tax prep software will give you, and you need it now, not in April. For example: "You can deduct student loan interest from your income. If you paid interest on student loans last y...
by GMT-8
Thu Aug 31, 2017 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: Our Family FI Plan for Your Critique
Replies: 26
Views: 2496

Re: Our Family FI Plan for Your Critique

After rereading your post a couple times, I think you need to focus on shorter-term goals and forget retirement for now. Specifically get that debt down and build some cash. That might take you several years. A family of four can live on what you make but can't dig their way out of debt, especially ...
by GMT-8
Thu Aug 31, 2017 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to invest at 29 - After lots of reading, I have questions! *Long read*
Replies: 10
Views: 1288

Re: Starting to invest at 29 - After lots of reading, I have questions! *Long read*

Can I suggest you give yourself a year to be a newbie, with no frills. Which means you can do this: 1 Open Roth at Vanguard or wherever, and deposit X amount of money into a total market stock fund 2 After 90 days, deposit 1/4 X into a total bond fund 3 After 90 more days, deposit 1/4 X into a total...
by GMT-8
Thu Aug 31, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Valuation of Private Business in Net Worth Calcuations
Replies: 18
Views: 822

Re: Valuation of Private Business in Net Worth Calcuations

Count it as zero. I was given a 5% share in a company in exchange for services writing the user manuals for its products. This was run by an entrepreneur with a great track record of inventions that made money (As Seen on TV type things). As time went by I found about half the people who worked ther...
by GMT-8
Thu Aug 31, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: How many "investment" accounts do you have?
Replies: 61
Views: 6424

Re: How many "investment" accounts do you have?

Married mostly-retired couple, after 2 years of simplifying, I thought I had about 10 accounts, but a careful review of my log-on passwords indicated we have 18-20 accounts: Credit union = 4 accounts (savings, checking, business checking, and credit card) Bank 1 = 2 accounts (business checking and c...
by GMT-8
Thu Aug 31, 2017 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 162
Views: 44233

Re: Time to reach 1M and 2M milestones

We did it the old-fashioned way (clipping coupons, eating at home, avoiding fancy hotels without the boss paying, cheap vacations), with two of us working and salaries below $100k; a surprise loss of employment followed by independent consulting and a year off to recover from health problems. One of...
by GMT-8
Tue Aug 29, 2017 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: My Mom's portfolio
Replies: 14
Views: 1461

Re: My Mom's portfolio

Your new allocation looks reasonable to me. Do you consider "cash" to be CDs or money market/saving accounts? As it stands now you have the $54k emergency fund and $190k cash so the portfolio is about 20% cash ... I would consider my cash to include the emergency funds but others might differ. I agr...
by GMT-8
Tue Aug 29, 2017 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Relative angry I will not co-sign
Replies: 90
Views: 8522

Re: Relative angry I will not co-sign

I suggest you watch a few episodes on Netflix of a UK show called: Can't Pay? We'll take it away Better yet, have your relative watch it on one of his 72" flat screen televisions. You'll learn in a very entertaining way about deadbeats, and people who genuinely need help, and the difference between ...
by GMT-8
Sat Aug 26, 2017 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: My Mom's portfolio
Replies: 14
Views: 1461

Re: My Mom's portfolio

The overall picture is mostly clear but I have a problem with one statement: I want to invest it for her (and my siblings and myself) That's a natural thought but, in my opinion, indicates that you (as one of the heirs) don't have a fully altruistic intention to do the best for your mother (regardle...
by GMT-8
Sat Aug 26, 2017 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Appropriateness of annuities for 78-yr old within IRA
Replies: 12
Views: 1115

Re: Appropriateness of annuities for 78-yr old within IRA

UPDATE I wrote about an elderly woman who needed help getting out from a variable annuity she didn't want. We thought it was cancelled last week, but she has received a notice stating from the insurance company that she needs to select her "systematic withdrawal amount". Perhaps it has just crossed ...
by GMT-8
Fri Aug 25, 2017 2:53 pm
Forum: Forum Issues and Administration
Topic: Revealing Usernames
Replies: 108
Views: 16057

Re: Revealing Usernames

The most dangerous fallout / privacy invation I've had was after a few hundred eBay postings with 100% positive feedback. I ran into a guy who wanted increasingly more concessions on an order (his second one) in exchange for his threat not to give me negative feedback. At the time payment and shippi...
by GMT-8
Thu Aug 24, 2017 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Appropriateness of annuities for 78-yr old within IRA
Replies: 12
Views: 1115

Re: Appropriateness of annuities for 78-yr old within IRA

The adult children know generally that their mom has rental properties plus a house and cabin. She says they don't know anything about her investments. One travels a lot for work and the other lives a 6-hr drive away. She wants to share her overall situation with them, but perhaps not the dollar fig...
by GMT-8
Thu Aug 24, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Appropriateness of annuities for 78-yr old within IRA
Replies: 12
Views: 1115

Re: Appropriateness of annuities for 78-yr old within IRA

Thank you for the suggestions. The advisor's father was a close friend to this woman and her husband and set up all these accounts. When the couple divorced, decades ago, the father stayed in touch. Unfortunately he has not clearly disclosed her portfolio expenses and performance. When she pressed h...
by GMT-8
Thu Aug 24, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Affording assisted living
Replies: 44
Views: 3747

Re: Affording assisted living

My mother lived in a "memory care" facility in La Jolla for 5 years, 300 yards from the ocean, in a nice private room, with escalating levels of care until she passed a couple years ago. From her age 80-85, the five years consumed about $350k or on average $6k per month for everything. She had TRICA...
by GMT-8
Thu Aug 24, 2017 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Appropriateness of annuities for 78-yr old within IRA
Replies: 12
Views: 1115

Appropriateness of annuities for 78-yr old within IRA

My 78-yr-old neighbor came by this week in great distress and I've spent about 10-12 hours over 3 days trying to understand her situation. I will summarize without having exact details on all her variable annuity contracts: 2000k in real estate (2 homes + rental units) 1000k within her tIRA 25k cash...
by GMT-8
Wed Aug 23, 2017 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: Deciding what to do about tax exempt fund in California, specifically VCAIX at Schwab.
Replies: 11
Views: 1289

Re: Deciding what to do about tax exempt fund in California, specifically VCAIX at Schwab.

I hold 10,000 shares each of VCADX Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares VCLAX Vanguard California Long-Term Tax-Exempt Fund Admiral Shares in my taxable account at Vanguard and have had this 5 years, generating an average of 3.4% and no tax. I'm happy with that. As yo...
by GMT-8
Fri Jul 21, 2017 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Feedback on large portfolio - moving to self-directed
Replies: 23
Views: 1315

Re: Feedback on large portfolio - moving to self-directed

Following on retiredjg's comments, we use a Vanguard Charitable Donor Advised fund to clean up our tax liability each year. No matter how well or badly I estimate my taxes, I put in 30-40k each fall and that means in April I either pay nothing out of pocket, or I get a refund. There are no capital g...
by GMT-8
Wed Jul 19, 2017 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: How do I contribute to a traditional IRA, literally?
Replies: 15
Views: 1139

Re: How do I contribute to a traditional IRA, literally?

I guess I am old school because I send checks to Vanguard to do my additions. There are no bank account links to my IRAs. That's probably why I can't withdraw money easily either. A serious question related to the OP post though - if the source bank account is titled in a trust, or has multiple owne...
by GMT-8
Tue Jul 18, 2017 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds in a Taxable Account.
Replies: 9
Views: 1233

Re: Bonds in a Taxable Account.

Hello Pedro, I am also in CA, a few years older than you, retired with a wife and a pension. I managed last year to stay in the 15% Fed bracket. I have been using Vanguard California tax-free municipal bond funds VCLAX long term and VCADX intermediate term for just the purpose you describe. I have 1...
by GMT-8
Tue Jul 18, 2017 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital - Net Worth?
Replies: 22
Views: 2885

Re: Personal Capital - Net Worth?

Whether or not you track value of cars, yachts, Monets, etc. depends on your style and their worth. It's unkind to say cars are trivial to a car guy. I've got 8 vehicles; 4 of them depreciating and 4 collectables increasing in value. If I didn't consider them in my net worth I think I would also hav...
by GMT-8
Tue Jul 18, 2017 8:36 am
Forum: Investing - Help with Personal Investments
Topic: $100K+ increase in salary- Need help with investments
Replies: 16
Views: 3434

Re: $100K+ increase in salary- Need help with investments

Congratulations on your raises and new prosperity. One of the good things about the format for displaying your portfolio and asking for help is that we can all see when our distribution of funds has slightly / greatly / ridiculously gone overboard. Only you can choose the correct term for your portf...
by GMT-8
Sun Jul 16, 2017 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: retiring soon need fixed income suggestions and portfolio critique
Replies: 10
Views: 1482

Re: retiring soon need fixed income suggestions and portfolio critique

GMT-8, as a fellow TIAA holder, if given the choice of holding or selling and moving into Vanguard with TIAA positions, would you stick with TIAA? Our TIAA holdings are not annuitized and can be moved. I have basically been looking at my positions there as a fixed income option. If it stays there t...
by GMT-8
Sat Jul 15, 2017 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: retiring soon need fixed income suggestions and portfolio critique
Replies: 10
Views: 1482

Re: retiring soon need fixed income suggestions and portfolio critique

Hello Medvfx, I agree with Dan. My circumstances are similar to yours although I'm about 5 years older than you, with a wife's pension which covers the bulk of our expenses. After retiring a few years ago I spent the better part of a year whittling away at our portfolio until I have reached a point ...
by GMT-8
Tue Jul 11, 2017 9:24 am
Forum: Investing - Help with Personal Investments
Topic: Exchange or transfer? Does it matter?
Replies: 12
Views: 709

Re: Exchange or transfer? Does it matter?

A couple more of these sort of pulse-raising events and you will no longer be a neophyte. Welcome to the club.

Cheers,

GMT-8
by GMT-8
Tue Jul 11, 2017 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Taxable account, how does it work?
Replies: 13
Views: 1554

Re: Taxable account, how does it work?

In my experience, there's no way to predict in advance what a $250k will do to your taxes. It depends whether the stocks go up or down, what distributions the fund makes, what funds or sectors you buy, etc. Worst case (or best, since I was making money), in my $500k taxable holdings I've had a $8-10...
by GMT-8
Fri Jun 30, 2017 8:21 am
Forum: Investing - Help with Personal Investments
Topic: 27, Single, 25k Income with 100k Cash - Lost
Replies: 29
Views: 3230

Re: 27, Single, 25k Income with 100k Cash - Lost

No offense intended, but your statement "99% could benefit from improvement, but not me" sounds like you consider yourself above taking advice. So why then would you ask for it?

Perhaps too many hours on a sunny white sand beach ... not having to slog for a living like the average BH? :shock:
by GMT-8
Sun Jun 25, 2017 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: 58 years old and laid off seeking advices
Replies: 43
Views: 6017

Re: 58 years old and laid off seeking advices

Just to reaffirm what a few people have said = there may always be something in the back of your mind about "why me?" and "I put the company ahead of myself and look how they treated me!" Try to let it go. I went through this 20 years ago after almost 20 years at a small company (when I joined) that...
by GMT-8
Fri Jun 09, 2017 10:56 am
Forum: Investing - Help with Personal Investments
Topic: California Intermediate-Term Tax-Exempt
Replies: 4
Views: 1027

Re: California Intermediate-Term Tax-Exempt

I live in California and have owned Calif Munis in my taxable account for nearly 10 years. Why? Because I don't have to pay tax on the earnings - I take the interest - and because the capital gains portion doesn't fluctuate very much. Since I've had these, the combination of 50%/50% Long-Term and In...
by GMT-8
Fri Jun 09, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Son's UTMA account
Replies: 46
Views: 3516

Re: Son's UTMA account

My understanding is that while he has the right to his money, not doing anything is a legitimate option unless he excercises his rights. Am I correct about that? If not, please let me know how. Thanks. If you read the information in the earlier part of the thread, you no longer have control, and yo...
by GMT-8
Fri Jun 09, 2017 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Estimating Social Security Benefits
Replies: 9
Views: 858

Re: Estimating Social Security Benefits

You can sign up at Social Security and use their estimator. That's the most accurate way I know of, though others might have more info. This has been discussed regularly here, and you can look at this thread for some exhaustive commentary. https://www.bogleheads.org/forum/viewtopic.php?t=171854 I ha...
by GMT-8
Wed Jun 07, 2017 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable Account Advice for intermediate term
Replies: 7
Views: 1042

Re: Taxable Account Advice for intermediate term

Just a comment about investing "in sectors I know". I was in automotive R & D and thought I knew that sector. Of three speculative investments of $10-20k I made in that sector, I lost 100% in all three. I could afford it, but my pride and bank balance were hurt. My dad was a real estate broker and w...
by GMT-8
Sun Jun 04, 2017 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: Why not go all-in-for-fixed-income to non-liquid TIAA Traditional?
Replies: 34
Views: 1793

Re: Why not go all-in-for-fixed-income to non-liquid TIAA Traditional?

My wife had 50% TIAA Traditional and 50% CREF allocation while working. Then she left the school and the account was dormant. After 20 years the CREF balance was triple her TIAA balance, which we thought was wrong. But the numbers were right. So we said let's move the TIAA portion to her plan's low-...
by GMT-8
Sun Jun 04, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: High Income Earner Humbly Seeks Advice
Replies: 81
Views: 14593

Re: High Income Earner Humbly Seeks Advice

I agree with Livesoft. I just worked with a friend slightly older than you are who also has $2M+ in money market and who also doesn't need to work. But she does, in medicine. And worries. I can tell you what told her: Put the money in the market, in the 3-fund portfolio and be done with it. Stop pro...
by GMT-8
Tue May 30, 2017 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Brokerage Question
Replies: 4
Views: 660

Re: Vanguard Brokerage Question

I have had this question too. Just do the account they ask you to switch and if the others need switching, Vanguard will tell you later.
It took me 3-4 cycles to get all my accounts changed over - one was IRA, one taxable, one a trust, one had multiple owners names, etc.

GMT-8
by GMT-8
Tue May 30, 2017 6:43 pm
Forum: Personal Consumer Issues
Topic: Using LastPass to Manage Passwords
Replies: 38
Views: 4206

Re: Using LastPass to Manage Passwords

I tried to do the Password thing the manual way for 20 years. Just a few sticky notes here and there. After I hit 65, I gave up - there was too much to remember - not just the banks, but Kaiser, SS, DMV, etc. I researched for a couple months and talked to my nerdiest friends. They recommended 1Passw...
by GMT-8
Tue May 30, 2017 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Voyager Select vs Flagship
Replies: 32
Views: 5854

Re: Voyager Select vs Flagship

The advantage of Flagship to me is a more personal relationship. I can say Hello Savannah, and she says Hello Wes. I value that. For example, we discussed at length the issues relating to a transfer of funds from a Calif STRS 403b account, and got the right paperwork to/from individuals in the two s...
by GMT-8
Fri May 26, 2017 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Voyager Select vs Flagship
Replies: 32
Views: 5854

Re: Voyager Select vs Flagship

I have been with Vanguard for about 20 years, and Flagship for the last 7 years. In that time I have had two advisors, whose names I knew and who appeared to know my name. There was a short period when a substitute came in due to the current advisor going on maternity leave. When I call I don't have...