Search found 621 matches

by Garco
Thu May 04, 2017 1:39 am
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 342
Views: 21679

Re: Your USER NAME...what does it mean?

Garco is short for Garrett Corporation. It's the name of a robot created by this company in the 1950's. Garrett Corporation has an interesting history, which you can read about in Wikipedia (https://en.wikipedia.org/wiki/Garrett_AiResearch). My father worked as an aeronautical engineer for this comp...
by Garco
Sun Apr 23, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Just left my company and exercised my options [invest now or DCA?]
Replies: 18
Views: 1200

Re: Just left my company and exercised my options [invest now or DCA?]

I ended my employment and I had to cash in my stock options. Once taxes were taken out, I received 330,000. I currently have 1.2 million in my 401k, and 200k in after tax stock account. Should I invest the 330,000, all at once into my after tax stock account or DCA the money? Thank you for your ans...
by Garco
Fri Mar 31, 2017 12:14 pm
Forum: Investing - Theory, News & General
Topic: anyone factor in future inheritance?
Replies: 78
Views: 4900

Re: anyone factor in future inheritance?

We knew there was a possibility of some inheritance money, but it wasn't certain. Also, given the longevity in our families, we couldn't count on living long enough ourselves to benefit from an inheritance. My parents passed at ages 91 and 98, my wife's at 68 and 96. There was no inheritance until w...
by Garco
Wed Mar 29, 2017 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Have had money in a managed Merrill Lynch account for years, wondering if I should switch
Replies: 30
Views: 1544

Re: Have had money in a managed Merrill Lynch account for years, wondering if I should switch

We had a similar situation a few years ago regarding my father's estate. I and my 3 sibs had the option to leave the investments at Merrill; most were fixed income (municipal bonds, etc.). We could even have the convenience of the same advisor, for the 4 of us. Two of us took the money and investmen...
by Garco
Sat Mar 11, 2017 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: Putting Savings in Perspective
Replies: 54
Views: 4369

Re: Putting Savings in Perspective

Because the calculations here are complicated, and certain assumptions might be challenged (e.g., are you going to have a mortgage forever? What if you sell your home and downsize?), it's sometimes useful to see how you're doing just using rules of thumb. One that we sometimes see on this discussion...
by Garco
Fri Mar 03, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Bond vs. TIAA Traditional? I should switch, right?
Replies: 7
Views: 545

Re: Vanguard Total Bond vs. TIAA Traditional? I should switch, right?

To support the comments of others, I reiterate that the different types of accounts that offer TIAA Traditional also differ in the guaranteed amount each month. In my RA, I have a guaranteed 3.0% plus an "additional amount" that changes with the Vintage date. In return for that ~4% guarant...
by Garco
Fri Mar 03, 2017 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Where do we reasonably go from here?
Replies: 11
Views: 1768

Re: Where do we reasonably go from here?

One more pitch: 529 for each kid. Think in terms of building several hundred thousand investment for each kid. Focus on growth (80%+ equities). I recommend that you read this discussion of how full-pay parents funded their children's college: http://talk.collegeconfidential.com/parents-forum/1956080...
by Garco
Thu Feb 23, 2017 1:24 am
Forum: Investing - Theory, News & General
Topic: Retiree Accumulation/Withdrawal Phase -- How many funds do you have? Allocation? Withdrawal strategy?
Replies: 90
Views: 7620

Re: Retiree Accumulation/Withdrawal Phase -- How many funds do you have? Allocation? Withdrawal strategy?

Retiree. 1. Withdrawal Phase (in 3rd year of retirement). 2. Number of funds: 9. AA 50% equities (75% LC [VINIX + couple of managed funds (LCG and LCV)], 25% extended market [VIEIX];10% international [VTSNX]); rest in fixed income (VBTIX, VIPIX, PTTRX), real estate, stable value fund. 4. Withdrawal...
by Garco
Wed Feb 22, 2017 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Millionaire
Replies: 65
Views: 8161

Re: New Boglehead Millionaire

Getting that first million in the bank took me 20 years. I started out with a salary of $15,000 a year, but contributing 15% of salary to a 403b every year. But that salary of $15,000 in 1975 is equivalent to $68,000 today.
by Garco
Mon Feb 20, 2017 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: Newly married, how to move wife's accounts ?
Replies: 17
Views: 1456

Re: Newly married, how to move wife's accounts ?

In my own personal experience, you should start by contacting Vanguard -- the brokerage you want to transfer holdings to. They will tell you how to set up the account there. Then they will have a process to extract (transfer out) the holdings in your wife's account. You will want to keep very good r...
by Garco
Wed Feb 08, 2017 9:19 pm
Forum: Investing - Theory, News & General
Topic: How steep should the glide path be?
Replies: 54
Views: 4215

Re: How steep should the glide path be?

A problem with using a fixed timetable for changing your AA as you move toward planned retirement year is that stuff happens. Ten years prior to my retirement was just fine (2004). Six years prior to retirement (2008) everything went bad. I got back to par in my retirement funds by the end of 2010, ...
by Garco
Wed Feb 08, 2017 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Two-Fund Portfolio Role Call
Replies: 43
Views: 4914

Re: Two-Fund Portfolio Role Call

I'm not allowed to reply either. My daughter just established her first 401k. It was going to be 3-fund, but ended up with 4. VG Total Stock Market 70%, Total International 10%, Total Bond 10%, and Inflation-Linked Bond 10%. Given her age, I advised her to do 80% Stock, 20% Bond, and I advised her t...
by Garco
Tue Jan 31, 2017 3:57 pm
Forum: Investing - Theory, News & General
Topic: Are you changing your AA based on current events?
Replies: 68
Views: 3554

Re: Are you changing your AA based on current events?

No and Yes. "No" in that the main reason for changing my AA is my stage in life and economic status. I'm retired, living on SS as well as distributions from my tax deferred and taxable investments. It was hard to ignore the post-election surge in the markets, and my portfolio was reasonabl...
by Garco
Wed Jan 25, 2017 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Reluctant to roll over 403b to IRA because of available institutional grade funds
Replies: 13
Views: 756

Re: Reluctant to roll over 403b to IRA because of available institutional grade funds

Another factor is that your retirement money is likely safer from creditors in the 403(b) than it would be in an IRA. (IRA protection depends on the law in your state. the 403(b) is protected under Federal law.) I would not move without a compelling reason to do so. BINGO! This is exactly what I wa...
by Garco
Sat Dec 31, 2016 11:14 am
Forum: Investing - Theory, News & General
Topic: Are International Markets overdue for great gains?
Replies: 43
Views: 3717

Re: Are International Markets overdue for great gains?

The stock market doesn't owe me anything. The international market isn't special in that respect. But I've seen the analyses that show that having some international holdings improves the long-term performance of a portfolio. And so year after year I keep 10-15% of my equities in non-US markets. Of ...
by Garco
Sat Dec 31, 2016 9:19 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1332
Views: 225031

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

In my core retirement account, I finished +6.8%, with 51% equities. Wish it were better but it is what it is -- and I "safely" took my ~4% RMD without depleting the fund. I have no plans to change my allocation for 2017.
by Garco
Thu Dec 29, 2016 8:21 pm
Forum: Investing - Theory, News & General
Topic: How many of you invest 100% at Vanguard?
Replies: 118
Views: 8317

Re: How many of you invest 100% at Vanguard?

Not I. I own several VG investments -- equities, bond funds, ETFs. But all are held in brokerage and retirement accounts at Fidelity and TIAA. I see no particular reason to invest at VG. Frequent reports about VG's service in its brokerage accounts has discouraged me also.
by Garco
Mon Dec 12, 2016 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: 15-20% To Retire, or Setting an Exact Number
Replies: 47
Views: 6096

Re: 15-20% To Retire, or Setting an Exact Number

Too many variables, too much uncertainty about income, inflation, the market, and your "needs." Rules of thumb were invented for such situations. I followed a 15% rule: 15% of my gross income set aside and invested in a balanced portfolio. Do that without fail for 35 years (I did it for 39...
by Garco
Sun Dec 11, 2016 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Retirement amount or goal
Replies: 31
Views: 4456

Re: Retirement amount or goal

Early in your career it's difficult to know how much you will need to supply 25X your retirement expenses -- whether that's net of SS and annuities or not. Besides, not only will your income from work probably increase throughout your career, but so will inflation. So what "real" (inflatio...
by Garco
Wed Dec 07, 2016 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Academia female professional seeking your suggestion
Replies: 53
Views: 9196

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: 1561

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: 733

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: 1643

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: 46
Views: 5871

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: 10331

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: 3272

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: 3272

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: 1959

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: 1959

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: 7412

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: 8266

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: 835

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: 835

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: 12593

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: 613
Views: 86199

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: 6597

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: 613
Views: 86199

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: 613
Views: 86199

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: 14016

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: 1080

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: 1523

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: 1111

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: 9754

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: 1731

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: 3159

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: 3159

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: 3159

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...

Go to advanced search