Search found 601 matches

by Garco
Wed Dec 07, 2016 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Academia female professional seeking your suggestion
Replies: 39
Views: 6067

Re: Academia female professional seeking your suggestion

@cutebean. You've received a lot of good advice above about portfolio simplification and asset allocation. When I was your age, and a tenured associate professor, my asset allocation was ~75-25. The same ratio applied to my monthly contributions from salary (& employer match). I didn't change th...
by Garco
Wed Dec 07, 2016 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Any reason not to sprinkle in some small cap index?
Replies: 14
Views: 1258

Re: Any reason not to sprinkle in some small cap index?

I don't like the idea of "sprinkling" anything in my portfolio. You're talking about money, not sugar, salt, or spice. Not a square of chocolate. If you have a good overall rationale for your asset allocation -- i.e., you have a good plan (which you could even call a recipe) -- then yes th...
by Garco
Tue Dec 06, 2016 10:17 am
Forum: Investing - Help with Personal Investments
Topic: New cash into a retirement portfolio
Replies: 6
Views: 584

Re: New cash into a retirement portfolio

You have a very nice problem. I had something similar a few years ago but the inherited investments were quite a mixed bag, and a significant amount was simply cash. I needed very little cash, i.e., income from this inheritance. The first thing I did was to help one of my children liquidate debt fro...
by Garco
Tue Nov 29, 2016 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: Chagall Paintings Recently Left to Me By Family Member
Replies: 16
Views: 1358

Re: Chagall Paintings Recently Left to Me By Family Member

If they are originals (and if there is paperwork establishing provenance), start at the top by contacting Christie's or Sotheby's or a museum like the Art Institute of Chicago. Sample auction price from Sotheby's: http://www.sothebys.com/en/auctions/ecatalogue/2014/impressionist-modern-art-day-sale...
by Garco
Mon Nov 28, 2016 9:36 pm
Forum: Investing - Theory, News & General
Topic: What is a "standard" Small Cap tilt portfolio
Replies: 35
Views: 2817

Re: What is a "standard" Small Cap tilt portfolio

My portfolio "tilts" but I don't think there's a single consensus standard that represents " A Tilted Portfolio." My portfolio tilts by size but not on the value-growth dimension. I take the term "tilt" as relative to VG Total Market (VTSMX or VTI). And I'm only thinkin...
by Garco
Sun Nov 27, 2016 2:31 pm
Forum: Investing - Theory, News & General
Topic: What was your Asset Allocation before and after retirement?
Replies: 91
Views: 8032

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

For the first 25 years of my working career -- and a 401k plan -- my contributions from salary were ~75% into equities. By 2000, my accumulation was >80% equities. Then, in early 2000's, after the "dotcom crash," I moderated somewhat as I contributed about 65% into equities from my salary....
by Garco
Fri Nov 18, 2016 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Rate my portfolio VTI 60%, VXUS 30%, BND 10%
Replies: 39
Views: 2809

Re: Rate my portfolio VTI 60%, VXUS 30%, BND 10%

[b]Keep dollar cost averaging in, rebalance once a year .[/b] Rebalancing once a year? I originally intended to rebalance 3x a year every time I dollar cost average in. I dollar cost average in 3x each year and rebalance to original distribution of 60/30/10. Does that change much? No it doesn't mat...
by Garco
Thu Nov 17, 2016 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Rate my portfolio VTI 60%, VXUS 30%, BND 10%
Replies: 39
Views: 2809

Re: Rate my portfolio VTI 60%, VXUS 30%, BND 10%

VTI 60% VXUS 30% BND 10% This is a KISS portfolio. I might up the BND share, so 50/20/20. But really you will come out about the same over 30 years. For the first 25 years of my career, it was 75/25 stocks/bonds. Then I got to fooling around with my investments, sometimes with good results, sometime...
by Garco
Sun Aug 14, 2016 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Help my parents
Replies: 14
Views: 1831

Re: Help my parents

Take a look at the specific fixed income options in your Dad's 403b. In mine, even though it's managed by TIAA, I have available excellent bond fund options with very low expense ratios. For example, VG Total Bond at 0.05% ER -- VBTIX. Hard to beat. Whether to put money into "the annuity,"...
by Garco
Sat Aug 13, 2016 2:58 am
Forum: Investing - Help with Personal Investments
Topic: Help my parents
Replies: 14
Views: 1831

Re: Help my parents

I agree you could simplify, and also reduce equity share. But it would help if you (they) clarified the likely date and ages at retirement. Also, in order to estimate needed income in retirement, it would help if you specified when they intend to file for Social Security. As a general recommendation...
by Garco
Sat Jul 30, 2016 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: has anyone wished they worked one or two more years
Replies: 76
Views: 7003

Re: has anyone wished they worked one or two more years

Nope. I retired at age 70. Everything had fallen into place: Social security, 401k adequate for a lifetime, kids financially independent (mostly...), good health.
by Garco
Tue Jul 26, 2016 1:16 pm
Forum: Investing - Theory, News & General
Topic: Declining or Rising equity allocation in retirement?
Replies: 110
Views: 7713

Re: Declining or Rising equity allocation in retirement?

To choose among alternative approaches, not just RE and DE but the actual possible starting levels, we each have to be capable of psychiatric self-analysis: what is our risk tolerance, penchant for panic? Then we have to do a health self-assessment beyond that: what special risks and needs might we ...
by Garco
Sun Jun 19, 2016 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: What is a supplemental retirement annuity?
Replies: 6
Views: 773

Re: What is a supplemental retirement annuity?

The strange part is that they are both at Fidelity. TIAA was an option but I had chosen Fidelity. So was this just a name thing based on the fact that it could have been a TIAAA account? I am basically wondering if people have seen this phrase before and in what context. Thank you Not just a name t...
by Garco
Sun Jun 19, 2016 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: What is a supplemental retirement annuity?
Replies: 6
Views: 773

Re: What is a supplemental retirement annuity?

I treat my 403b SRA at Fidelity just like I treat my 403b RA at TIAA. They're governed by the same rules. This includes the required minimum distributions beginning the year you reach age 70.5. You can take all of your RMD (MRD) from just one of the 403b's as long as you take the required total amou...
by Garco
Sun Jun 05, 2016 4:14 pm
Forum: Investing - Theory, News & General
Topic: International stocks underperformed for the last 20 years.
Replies: 136
Views: 11418

Re: International stocks underperformed for the last 20 years.

I want to raise an issue that I don't think has been mentioned in this thread. We all feel pretty confident about using the total US stock market as a reference point or standard. How confident are we in using the total NON-US stock market as a reference point? I would conjecture that over the last ...
by Garco
Wed Jun 01, 2016 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 560
Views: 69534

Re: High Earners - What's Your Profession?

Retired. RMD + SS = significantly above $100k now. But that sum is significantly less than my final annual salary as a university professor. (My starting salary as an assistant professor in 1971 was a mighty fine $11,500 + about $2,500 for summer pay.) Wow. Your final annual salary as a university ...
by Garco
Sat May 28, 2016 10:53 pm
Forum: Investing - Theory, News & General
Topic: What was your first investment?
Replies: 117
Views: 5670

Re: What was your first investment?

I was given some stock in a now-defunct company: Sundance Oil Co. This was an oil and gas exploration company. I kept it for a few years, then turned it over after the company was effectively crushed by the Western Provinces of Canada.
by Garco
Sat May 28, 2016 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 560
Views: 69534

Re: High Earners - What's Your Profession?

Retired. RMD + SS = significantly above $100k now. But that sum is significantly less than my final annual salary as a university professor. (My starting salary as an assistant professor in 1971 was a mighty fine $11,500 + about $2,500 for summer pay.) Wow. Your final annual salary as a university ...
by Garco
Mon May 23, 2016 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 560
Views: 69534

Re: High Earners - What's Your Profession?

Retired. RMD + SS = significantly above $100k now. But that sum is significantly less than my final annual salary as a university professor. (My starting salary as an assistant professor in 1971 was a mighty fine $11,500 + about $2,500 for summer pay.)
by Garco
Mon May 23, 2016 1:02 am
Forum: Investing - Help with Personal Investments
Topic: How much money do you keep in your regular checking/savings?
Replies: 104
Views: 13073

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

In credit union I deposit Social Security monthly into checking/draft. Typically I have $2-$5K balance in this account. I keep additional backup in a savings acct. to cover large purchases as well as Visa, which I pay off completely each month. Have $25K Visa maximum line of credit available, but I ...
by Garco
Tue Apr 19, 2016 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest an inheritance that's half of my net worth?
Replies: 7
Views: 1066

Re: How to invest an inheritance that's half of my net worth?

Something similar happened to me a few years ago. I inherited a combination of cash and securities (stocks, ETF's, CD's, bond funds), at a time when I was on the verge of retirement. Some of what I did might be relevant to you. Perhaps not. You can decide. Two things I did rather quickly. 1. Paid of...
by Garco
Sat Apr 16, 2016 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Count TIAA Traditional towards the bond allocation?
Replies: 17
Views: 1282

Re: Count TIAA Traditional towards the bond allocation?

I count TIAA Traditional as fixed income. One of the major ways it differs from bonds is that you cannot easily use Trad to rebalance your account. You can take money out via a Transfer Payout Annuity (TPA) over 9 years and a day, and that TPA money can be reallocated to other investments within the...
by Garco
Sat Mar 12, 2016 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Can Vanguard import cost basis?
Replies: 10
Views: 1067

Re: Can Vanguard import cost basis?

I've done exactly what you want done -- but at Fidelity (on investments transferred electronically from Schwab and Merrill Lynch). This was almost completely successful. But when the basis amounts and dates for a given equity had involved multiple purchases and at different dates I had to correct th...
by Garco
Mon Feb 29, 2016 1:44 pm
Forum: Investing - Theory, News & General
Topic: When does the long term start?
Replies: 59
Views: 9403

Re: When does the long term start?

Long term is not forever. But you have to begin at some time.

Chinese proverb: "Every long journey begins with the first step."
by Garco
Thu Feb 25, 2016 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: Differing AA between taxable and retirement accounts?
Replies: 16
Views: 1692

Re: Differing AA between taxable and retirement accounts?

Just another opinion here, but I support option (i) by the OP. I have retirement savings in both tax deferred and taxable accounts. The tax deferred accounts are also distinct from one another in that the core of them are in a 401k, and what I consider to be a supplemental and much smaller part of t...
by Garco
Wed Feb 03, 2016 9:24 am
Forum: Investing - Theory, News & General
Topic: TIAA Re Acct. B/S & performance (Jan)
Replies: 29
Views: 3047

Re: TIAA Re Acct. B/S & performance (Jan)

Hi Garco, I have a different understanding--subject to correction. Look at this link. https://www.tiaa-cref.org/public/tcam/Investment/Commentary?symbol=41091375 The TIAA real estate variable annuity account has been managed by members of the global real estate team (although Mr. Garbutt appears to...
by Garco
Tue Feb 02, 2016 8:41 pm
Forum: Investing - Theory, News & General
Topic: TIAA Re Acct. B/S & performance (Jan)
Replies: 29
Views: 3047

Re: TIAA Re Acct. B/S & performance (Jan)

New TIAA announcement re management of $100 billion in global real assets: https://www.tiaa-cref.org/public/about/press/about_us/releases/articles/pressrelease628.html Lev Note that TIAA Real Estate (TREA) is not mentioned in this announcement of TIAA-CREF's Global Real Assets Division. TREA stands...
by Garco
Mon Feb 01, 2016 3:11 pm
Forum: Investing - Theory, News & General
Topic: TIAA Re Acct. B/S & performance (Jan)
Replies: 29
Views: 3047

Re: TIAA Re Acct. B/S & performance (Jan)

I agree that the allocation of 10-15% of a portfolio to TREA is reasonable. I also agree that the bicoastal strategy of their property holdings is concerning, but they do have a "southern" concentration as well. Should also be mentioned that they've dallied with some international propert...
by Garco
Mon Feb 01, 2016 2:05 pm
Forum: Investing - Theory, News & General
Topic: TIAA Re Acct. B/S & performance (Jan)
Replies: 29
Views: 3047

Re: TIAA Re Acct. B/S & performance (Jan)

I agree that the allocation of 10-15% of a portfolio to TREA is reasonable. I also agree that the bicoastal strategy of their property holdings is concerning, but they do have a "southern" concentration as well. Should also be mentioned that they've dallied with some international properti...
by Garco
Sat Jan 30, 2016 11:18 am
Forum: Investing - Theory, News & General
Topic: TIAA Re Acct. B/S & performance (Jan)
Replies: 29
Views: 3047

Re: TIAA Re Acct. B/S & performance (Jan)

We could have an off-track discussion, but there are characteristics of TREA that made it timeable. The main one was that the RE holdings were priced based on rolling annual appraisals. So REITs were falling well ahead of TREA's downturn in early 2008. This is still the basic method of valuing the p...
by Garco
Sat Jan 30, 2016 10:45 am
Forum: Investing - Theory, News & General
Topic: TIAA Re Acct. B/S & performance (Jan)
Replies: 29
Views: 3047

Re: TIAA Re Acct. B/S & performance (Jan)

Grok: Thank you for your analysis. I am sticking with my (sizable) holding in TREA, which I first invested in 20 years ago. Although I abandoned ship in 2008-9, I reboarded in 2010. TREA's character -- for those who like to classify investments into two classes, equities and FI -- is that it's more ...
by Garco
Sun Jan 03, 2016 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: first RMD this year
Replies: 14
Views: 1514

Re: first RMD this year

I just finished my second year of RMD's. This is basically a replacement of income from my job. Taxes were withheld with each RMD payment. An RMD dollar is more valuable to me than a dollar's income from work, b/c nothing is withheld for SS, Medicare, and other payroll taxes. There isn't much else o...
by Garco
Sat Jan 02, 2016 12:01 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1086
Views: 185108

Re: What are you up YTD? [Year To Date]

Total return +2.3% in my main retirement fund, net of required retirement distributions taken over the year. Pretty disappointing but not disastrous. Overall net worth augmented by nice chunk of found money (inheritance). Partly because of this, we're sitting with a larger than typical amount of cas...
by Garco
Wed Dec 30, 2015 11:02 pm
Forum: Personal Consumer Issues
Topic: Who Reads the Comics?
Replies: 44
Views: 2117

Re: Who Reads the Comics?

I never read the comics anymore. But maybe I should take a lesson from my Dad. He read the funnies every day and also worked the crossword puzzles (in ink) until he was in his 90's. He was never stumped or stymied by a crossword puzzle.
by Garco
Sun Dec 27, 2015 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Covering my risk while reallocating inherited assets
Replies: 10
Views: 696

Re: Covering my risk while reallocating inherited assets

I agree with those who point out that you have to look at the stepped up basis for each equity you received. This could still leave you vulnerable if you sell if there was a meaningful lag between the date of death and the date you received the assets. That happened to me: in the 2 year lag a couple...
by Garco
Thu Dec 24, 2015 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Wrote an IPS, looking for a second set of eyes
Replies: 14
Views: 1428

Re: Wrote an IPS, looking for a second set of eyes

Question for the OP: Do you plan to have children? If so then you would want to plan for college savings for them. Yeah we want kids. I didn't include college savings accounts in this yet as we don't know yet how many kids or when. Since your IPS is so detailed and looking far into the future, I su...
by Garco
Wed Dec 23, 2015 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: Wrote an IPS, looking for a second set of eyes
Replies: 14
Views: 1428

Re: Wrote an IPS, looking for a second set of eyes

Question for the OP:

Do you plan to have children? If so then you would want to plan for college savings for them.
by Garco
Thu Dec 17, 2015 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Afford an $800k Home on $4K/month Take Home?
Replies: 146
Views: 13722

Re: Can I Afford an $800k Home on $4K/month Take Home?

I can't believe that I'm the only one who asked about savings for the kids' college. 4-year old twins will be juniors in college when the OP wants to retire in 15 years. But how will they pay for college? I see no plan here. That's an unforgivable oversight. The costs of raising kids prior to colle...
by Garco
Thu Dec 17, 2015 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Afford an $800k Home on $4K/month Take Home?
Replies: 146
Views: 13722

Re: Can I Afford an $800k Home on $4K/month Take Home?

I can't believe that I'm the only one who asked about savings for the kids' college. 4-year old twins will be juniors in college when the OP wants to retire in 15 years. But how will they pay for college? I see no plan here. That's an unforgivable oversight. The costs of raising kids prior to colleg...
by Garco
Thu Dec 17, 2015 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Can I Afford an $800k Home on $4K/month Take Home?
Replies: 146
Views: 13722

Re: Can I Afford an $800k Home on $4K/month Take Home?

Definitely not. Have you factored in college savings? Have you factored in property taxes? Have you factored in a new car now and then? I am recently retired and have 4-5X what you have in invested savings. My children have left the nest. No way could I afford $800K home (trading up from my current ...
by Garco
Tue Dec 15, 2015 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Is TIAA-CREF one of the "good guys"?
Replies: 43
Views: 5885

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

I've been a TIAA-CREF participant for many years. It offers good investment options. Non-TIAA-CREF participants need to realize that many of the plans that the company manages include funds from non-TIAA-CREF providers. In my own plan, for example, I can invest in funds from Vanguard, TRoePrice, Dod...
by Garco
Tue Dec 15, 2015 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: I need some confidence to retire...
Replies: 18
Views: 2130

Re: I need some confidence to retire...

I'm late to this conversation, and I think it has produced excellent advice and a plan. My 2 cents: work 6 mos. to 1 year more, with the express goal of building an emergency or contingency fund. If that would be another $75-100K, that could be golden for you. Stuff happens in retirement. Nothing is...
by Garco
Sun Dec 06, 2015 4:54 pm
Forum: Investing - Theory, News & General
Topic: Investing and Coworkers
Replies: 57
Views: 7095

Re: Investing and Coworkers

At my place of work, every regular employee made mandatory contributions to their 403b, from the top administrators to regular professional employees to secretaries to technical staff to janitors. Nobody talked much about investing, however. To my knowledge only the more senior people contributed be...
by Garco
Thu Nov 19, 2015 11:16 pm
Forum: Investing - Theory, News & General
Topic: How Do You Ignore the Noise?
Replies: 51
Views: 5048

Re: How Do You Ignore the Noise?

The main factor that allows me to ignore the noise is that I am retired, taking my RMD's and SS, and I have enough money to last for the rest of my life. This means that I am still aware of the need to invest and spend my money wisely, but I don't have to take any extra risk to build my nest-egg. Od...
by Garco
Sun Nov 15, 2015 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: High Earner Careers?
Replies: 254
Views: 32910

Re: High Earner Careers?

I made a pretty good salary as an academician -- $150K-$200K in last years prior to retirement, using 12-month salary not 9-month which is more common. But one of my kids makes more than $100k per month, with just a BA degree. Works in media.
by Garco
Thu Nov 12, 2015 10:29 pm
Forum: Investing - Theory, News & General
Topic: Do you hold international bonds in your tax-advantaged space?
Replies: 43
Views: 3225

Re: Do you hold international bonds in your tax-advantaged space?

I own a modest investment in FNMIX. It's beating many domestic bond funds at this time. I've held it for years.
by Garco
Wed Nov 11, 2015 1:29 pm
Forum: Investing - Theory, News & General
Topic: The 60/40 stock-and-bond portfolio mix is dead in 2016?
Replies: 34
Views: 8157

Re: The 60/40 stock-and-bond portfolio mix is dead in 2016?

@Nedsaid. You capture the issue exactly. Although I'm 15 years older than you (and retired), I'm also 15 years closer to "The End." My chance of running out of money before then is slim. Then again, my parents lived into their 90's, and with some luck I might get there, too. I'm well above...

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