Search found 4945 matches

by SpringMan
Mon May 02, 2016 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Couples: Are you and your significant other on the same page financially?
Replies: 49
Views: 3155

Re: Couples: Are you and your significant other on the same page financially?

Yes on living frugal, that is either at or below our means. No on investing interest. She couldn't tell you what our portfolio is invested in even though I have provided her access to a spreadsheet with all the pertinent info, websites, phone numbers etc. She totally delegates that stuff to me. I ha...
by SpringMan
Sun May 01, 2016 7:54 pm
Forum: Personal Consumer Issues
Topic: Any Jeep auto buyers recently
Replies: 10
Views: 1017

Re: Any Jeep auto buyers recently

I would get it with 4 wheel drive. Arizona has plenty of unimproved roads. Resale will be better too.
by SpringMan
Sat Apr 30, 2016 8:15 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Customer Service
Replies: 121
Views: 8062

Re: Is Vanguard phone support always this bad?

Vanguard just lowered expense ratios on several more of their funds. Expecting customer service to be as good as much more expensive firms may be unrealistic. IMO customer service is good enough that I won't be leaving Vanguard for better customer service at a higher cost firm. Furthermore, even hig...
by SpringMan
Fri Apr 29, 2016 11:17 am
Forum: Personal Finance (Not Investing)
Topic: 29 yo and married: Do I need a will and/or trust?
Replies: 10
Views: 879

Re: 29 yo and married: Do I need a will and/or trust?

Not needed so much for money but needed to designate guardians for your potential minor children. Otherwise your state will decide this should you and your spouse meet your demise. Retirement accounts with beneficiaries would not need a will or trust. Real estate and taxable accounts would likely be...
by SpringMan
Fri Apr 29, 2016 11:05 am
Forum: Investing - Theory, News & General
Topic: International Funds Worth it?
Replies: 30
Views: 3095

Re: International Funds Worth it?

We are under weight in Foreign equities with 18% of equities being foreign. Keeping what we have but will not be adding. Recency bias maybe, but I don't like commodities either.
by SpringMan
Thu Apr 28, 2016 5:20 am
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 185
Views: 15853

Re: Netflix, Your Current Favorite Show

I can recommend "The Guardian" there are 3 seasons, 22 episodes per season, on Amazon free with Prime. It is about lawyers, almost as good as "The Good Wife" my favorite lawyer show.
http://www.imdb.com/title/tt0285370/
by SpringMan
Thu Apr 28, 2016 5:00 am
Forum: Investing - Help with Personal Investments
Topic: if you HAD to pick 2 actively managed funds???
Replies: 45
Views: 2826

Re: if you HAD to pick 2 actively managed funds???

Are you sure you mean active managed? E.g. vanguard healthcare follows an index. There are two different Vanguard Healthcare funds, VGHCX investor/VGHAX admiral are actively managed. The passive index fund is ETF VHT and also available in admiral share class VHCIX. VHCIX admiral mutual fund has a 1...
by SpringMan
Wed Apr 27, 2016 5:01 pm
Forum: Investing - Theory, News & General
Topic: Handling RMDs
Replies: 31
Views: 1796

Re: Handling RMDs

Granted there is a scenario that can be drummed up where a Roth is not as good as a taxable account. If your Roth loses money it too bad, so sad, but if your taxable account loses money, Uncle Sam can share some of your losses. This is not the case I had in mind above.
by SpringMan
Wed Apr 27, 2016 4:39 pm
Forum: Investing - Theory, News & General
Topic: Handling RMDs
Replies: 31
Views: 1796

Re: Handling RMDs

The question is not is there any benefit to converting to Roth vs not converting but rather is there any benefit to taking a taxable withdrawal vs converting the same amount to a Roth. There is because the Roth is not subject to future dividends and capital gains, the taxable account is. Springman,...
by SpringMan
Wed Apr 27, 2016 4:35 pm
Forum: Investing - Theory, News & General
Topic: Handling RMDs
Replies: 31
Views: 1796

Re: Handling RMDs

The question is not is there any benefit to converting to Roth vs not converting but rather is there any benefit to taking a taxable withdrawal vs converting the same amount to a Roth. There is because the Roth is not subject to future dividends and capital gains, the taxable account is. "Your...
by SpringMan
Wed Apr 27, 2016 11:07 am
Forum: Investing - Theory, News & General
Topic: Vanguard Manager Changes
Replies: 9
Views: 887

Re: Vanguard Manager Changes

Since these managers are managing index funds, all we have to worry about is tracking error. Manager changes are more pertinent with actively managed funds.
by SpringMan
Wed Apr 27, 2016 11:00 am
Forum: Investing - Help with Personal Investments
Topic: if you HAD to pick 2 actively managed funds???
Replies: 45
Views: 2826

Re: if you HAD to pick 2 actively managed funds???

Aside from Wellesley Income the only actively managed funds we have are Vanguard's bond funds.
by SpringMan
Wed Apr 27, 2016 10:36 am
Forum: Investing - Theory, News & General
Topic: Handling RMDs
Replies: 31
Views: 1796

Re: Handling RMDs

The question is not is there any benefit to converting to Roth vs not converting but rather is there any benefit to taking a taxable withdrawal vs converting the same amount to a Roth. There is because the Roth is not subject to future dividends and capital gains, the taxable account is.
by SpringMan
Wed Apr 27, 2016 10:18 am
Forum: Investing - Theory, News & General
Topic: Handling RMDs
Replies: 31
Views: 1796

Re: Handling RMDs

Why not convert to Roth the amount you would draw down instead of just putting it into a taxable account? I don't see any downside unless you need the draw down for living expenses. We have been converting some IRA to Roth for the same reason, our RMDs will bump up our tax bracket. RMDs will likely ...
by SpringMan
Tue Apr 26, 2016 10:39 am
Forum: Personal Consumer Issues
Topic: Stanley Kubrick's 2001 a space odyssey
Replies: 147
Views: 14089

Re: Stanley Kubrick's 2001 a space odyssey

I can appreciate how someone your age might get a little bored, but you need to understand the world of 1968 compared to when you grew up. The Apollo program was at it's height. We were only one year from landing on the moon, and dreams of going to other planets after that abounded. The story line ...
by SpringMan
Mon Apr 25, 2016 10:54 am
Forum: Investing - Help with Personal Investments
Topic: What online brokerage is best for us?
Replies: 8
Views: 802

Re: What online brokerage is best for us?

The inherited stocks assuming in a taxable account will receive a stepped up cost basis to the date of death. This gives you an opportunity to sell them with minimal tax consequences. I would use all mutual funds just as you have done with your investments in the past. If the inheritance was tax adv...
by SpringMan
Mon Apr 25, 2016 8:21 am
Forum: Investing - Theory, News & General
Topic: Advisors recommendation
Replies: 4
Views: 478

Re: Advisors recommendation

Looks like 40% stock / 60% bond allocation which is fine for folks near retirement. I assume the reason for duplicates is that they are in different types of accounts. for example, his/hers, IRAs, 401(k)s and taxable. The only question I would have is do you really need this advisor? It is simple en...
by SpringMan
Sun Apr 24, 2016 11:26 am
Forum: Personal Consumer Issues
Topic: Thinking about Mac (vs Windows)
Replies: 45
Views: 2319

Re: Thinking about Mac (vs Windows)

I use both platforms. My MacBook Pro is great but Apple got it wrong with the new 12" MacBook. Only one USB-C port is a deal killer for me. Core M processor is under powered. Dongle needed for everything defeats the ultra portability factor for me. I always liked the mag-safe power adapter whic...
by SpringMan
Sun Apr 24, 2016 11:05 am
Forum: Investing - Theory, News & General
Topic: Forever Stamps as an Investment?
Replies: 55
Views: 5748

Re: Forever Stamps as an Investment?

Okay if you buy what you can personally use. I don't think you want to be in the stamp selling business to make a few pennies per stamp.
by SpringMan
Sun Apr 24, 2016 10:56 am
Forum: Investing - Theory, News & General
Topic: admiral index funds vs reg. index funds
Replies: 6
Views: 595

Re: admiral index funds vs reg. index funds

The only difference is lower expenses with the Admiral funds. You really don't get a choice of which one you buy - the amount you buy (or already hold in that fund in that account) determine which one you get. I have heard of converting admiral shares back to investor shares in rare occasions at th...
by SpringMan
Sun Apr 24, 2016 8:06 am
Forum: Investing - Help with Personal Investments
Topic: Is it possible to move money back and forth quickly between fidelity and vanguard?
Replies: 8
Views: 955

Re: Is it possible to move money back and forth quickly between fidelity and vanguard?

Flagship clients could do this type of trade at Vanguard immediately using one of their 25 free trades per year. All Vanguard investors could sell VBR and use the proceeds immediately to buy VIOV (Vanguard's S&P small cap value). No need to wait for settlement. Otherwise using ACH will require w...
by SpringMan
Sat Apr 23, 2016 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Annual Financial Plan Provision for Flagship Customers Discontinued?
Replies: 22
Views: 2199

Re: Annual Financial Plan Provision for Flagship Customers Discontinued?

It looks like it went the way of free TurboTax for Flagship clients which is no problem because Vanguard's low expense ratios by my calculations save me more than 360 times the $50 cost of TurboTax Deluxe. The Vanguard financial plans were cookie cutter computer generated plans so no great loss IMO....
by SpringMan
Fri Apr 22, 2016 4:28 pm
Forum: Investing - Theory, News & General
Topic: "The Index Card"
Replies: 19
Views: 2769

Re: "The Index Card"

Thanks for the info and the link to the article! I do have a question which I realize is uninformed/uneducated (which I am trying to remedy!) I do wonder though, how this can be: "One of the more pathetic studies shows that the stocks that people sold outperformed the stocks that people bought...
by SpringMan
Tue Apr 19, 2016 11:02 am
Forum: Personal Finance (Not Investing)
Topic: I read Boglehead posts on LTC ins. Has anyone made a claim yet? How'd it go? Claims paid?
Replies: 34
Views: 3524

Re: I read Boglehead posts on LTC ins. Has anyone made a claim yet? How'd it go? Claims paid?

Jim Cramer had to fight to get benefits owed on his dad. "When he had a stroke three years ago and needed round-the-clock help, we had to fight those sons of bitches who wrote the policies to get the money they owed him to pay the nurse. I hate those guys because they tried to beat their obliga...
by SpringMan
Sat Apr 16, 2016 2:18 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Spartan 500 Index Fund Dividend
Replies: 73
Views: 4651

Re: Fidelity Spartan 500 Index Fund Dividend

However, in a taxable account, ETF's win hands-down because you can control your tax liability, which is very important. For example, you can choose to sell lots with high cost basis, do precise TLH, etc. Plus, due to the mechanics of how ETF's are run, they don't distribute capgains too often, so ...
by SpringMan
Sat Apr 16, 2016 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Personal Capital "Your Portfolio Is Not Well Diversified"
Replies: 13
Views: 1928

Re: Personal Capital "Your Portfolio Is Not Well Diversified"

I went through their full sales pitch today. From a previous call, their vice president tailored a plan that he briefed to me that while my AA looks pretty good, by more equally weighting sectors he can increase my return, lower my risk, and lower my tax bill. The funniest part was that their onlin...
by SpringMan
Thu Apr 14, 2016 11:48 am
Forum: Investing - Theory, News & General
Topic: BEST Portfolio Tracker
Replies: 33
Views: 2465

Re: BEST Portfolio Tracker

I've not used Morningstar before, but I'm curious and may use it to track our portfolio. Does anyone know if I need to manually add reinvested dividends? Or will Morningstar's software handle that? I update the number of shares manually after dividends/cap gains are reinvested. Not sure if there is...
by SpringMan
Thu Apr 14, 2016 8:44 am
Forum: Investing - Theory, News & General
Topic: BEST Portfolio Tracker
Replies: 33
Views: 2465

Re: BEST Portfolio Tracker

I will vote for Morningstar. I am not familiar with USA Today as a portfolio tracker. I don't like Personal Capital's analysis though it is a good aggregater. Personal Capital does not show x-ray information such as style or size. I love Morningstar for its free tools but personally would not buy a ...
by SpringMan
Mon Apr 11, 2016 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: The 'cost' of retiring early. what's wrong with my math?
Replies: 36
Views: 5917

Re: The 'cost' of retiring early. what's wrong with my math?

jjface wrote:
Poor Springman - he didn't say that.


+1 :)
And once mistakenly quoted it gets propagated along quite well. :)
by SpringMan
Mon Apr 11, 2016 10:02 am
Forum: Investing - Help with Personal Investments
Topic: The 'cost' of retiring early. what's wrong with my math?
Replies: 36
Views: 5917

Re: The 'cost' of retiring early. what's wrong with my math?

Another factor to consider that does not have to do with math or financial well being is that few people on their death bed say "Geez I wish I had spent more time at the office".
by SpringMan
Mon Apr 11, 2016 9:43 am
Forum: Forum Issues and Administration
Topic: I make my avatar as small as possible...still no luck...help?...also
Replies: 10
Views: 661

Re: I make my avatar as small as possible...still no luck...help?...also

One way to do this is try viewing the picture in a folder displayed as thumbnails of appropriate size and use the windows snipping tool to draw a box around the thumbnail and save the result to a new file.
by SpringMan
Mon Apr 11, 2016 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Friend is an Edward Jones financial advisor -- should I drop him?
Replies: 76
Views: 9703

Re: Friend is an Edward Jones financial advisor -- should I drop him?

Part of the Edward Jones business model seems to be that it is pretty easy to become a salesperson with them and that they encourage you to sign up your family and friends. I know OP's issue pretty much resolved itself by now, but this business model sounds an awful lot like those Network Marketing...
by SpringMan
Sun Apr 10, 2016 7:03 am
Forum: Investing - Theory, News & General
Topic: How to use Vanguard Portfolio Watch for rebalancing
Replies: 63
Views: 21066

Re: How to use Vanguard Portfolio Watch for rebalancing

I think it is agreed that Vanguard''s PW has its faults. Vanguard and Morningstar don't even agree on their definitions of cap size. Look at VG Capital Opportunity, VG says mid cap growth, M* says large cap growth. For rebalancing purposes, I trust PW for stock to bond percentages but even that dif...
by SpringMan
Sat Apr 09, 2016 9:05 am
Forum: Investing - Theory, News & General
Topic: How to use Vanguard Portfolio Watch for rebalancing
Replies: 63
Views: 21066

Re: How to use Vanguard Portfolio Watch for rebalancing

I think it is agreed that Vanguard''s PW has its faults. Vanguard and Morningstar don't even agree on their definitions of cap size. Look at VG Capital Opportunity, VG says mid cap growth, M* says large cap growth. For rebalancing purposes, I trust PW for stock to bond percentages but even that diff...
by SpringMan
Fri Apr 08, 2016 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Capital "Your Portfolio Is Not Well Diversified"
Replies: 13
Views: 1928

Re: Personal Capital "Your Portfolio Is Not Well Diversified"

I have been getting the same message from them. My portfolio is not well diversified either. Additionally they claim they can get the same return but with reduced risk. They think one needs commodities to be adequately diversified and our portfolio has none. There is some agreement that commodities ...
by SpringMan
Thu Apr 07, 2016 10:56 am
Forum: Investing - Help with Personal Investments
Topic: tax rate of GLD or SLV in taxable account?
Replies: 1
Views: 165

tax rate of GLD or SLV in taxable account?

I know physical bullion or coins are taxed as collectibles rather than at capital gains tax rate. How about ETFs such as GLD or SLV?
by SpringMan
Mon Apr 04, 2016 8:50 am
Forum: Investing - Theory, News & General
Topic: Where is it? [Vanguard GNMA fund distribution]
Replies: 23
Views: 1841

Re: Where is it? [Vanguard GNMA fund distribution]

Perhaps a dumb question but since "<.01" and ".003" both are 4 character strings and either would fit fine in the form, why did they not just use ".003"?
by SpringMan
Thu Mar 31, 2016 8:07 am
Forum: Personal Consumer Issues
Topic: Do you pay for yardwork?
Replies: 61
Views: 5421

Re: Do you pay for yardwork?

So far I have done the grass cutting and snow removal myself. We are on 1/3 of an acre and have a right angle side entrance drive about 16 feet wide. I am getting close to the point of paying for a service as I am 69 and not getting any younger. When we moved in to our house 45 plus years ago, I pla...
by SpringMan
Wed Mar 30, 2016 9:55 am
Forum: Investing - Help with Personal Investments
Topic: 3 fund, 4 fund, 28 fund portfolio???
Replies: 28
Views: 1858

Re: 3 fund, 4 fund, 28 fund portfolio???

I still fail to see how Taylor can say all anyone needs is 3-5 funds. Springman: I have never said that " all anyone needs is 3-5 funds ." Sometimes a complicated portfolio with many accounts requires more than 3-5 funds. Sometimes a single fund-of-funds is the superior portfolio. Best wi...
by SpringMan
Wed Mar 30, 2016 9:44 am
Forum: Personal Consumer Issues
Topic: In Laws (FIL problems)
Replies: 11
Views: 1200

Re: In Laws (FIL problems)

My MIL did not approve of me. She would not speak to me for 6 months after our wedding which was performed in the church study by her minister. My sister and her brother were the only other people present besides the bride, groom, and minister. The reason the MIL was upset is she wanted a big weddin...
by SpringMan
Wed Mar 30, 2016 9:17 am
Forum: Investing - Help with Personal Investments
Topic: 3 fund, 4 fund, 28 fund portfolio???
Replies: 28
Views: 1858

Re: 3 fund, 4 fund, 28 fund portfolio???

It is not unusual for a married couple to have 5 or more accounts as we do. We have his and her Roth IRAs, his and her rollover IRAs and a joint taxable account. Five? You got off easy. We have more accounts than we have funds. 3 IRAs apiece, HSAs, joint taxable, inherited IRA, 401ks, and a stupid ...
by SpringMan
Tue Mar 29, 2016 10:46 am
Forum: Personal Finance (Not Investing)
Topic: What is your current Cash to Investment ratio?
Replies: 112
Views: 5688

Re: What is your current Cash to Investment ratio?

Checking + savings accounts = roughly 4% of investment accounts. This does not count cash inside mutual funds or short term bond funds.
by SpringMan
Tue Mar 29, 2016 10:36 am
Forum: Investing - Help with Personal Investments
Topic: leaving vanguard due to math errors / poor customer service?
Replies: 92
Views: 8837

Re: leaving vanguard due to math errors / poor customer service?

I wish the mutual funds were available without significant charges at other brokerages. Me too. Fidelity won't even allow Wellesley admiral to be transferred in. They charge $75 to buy Wellesley Investor shares. Pure indexers may be okay at other brokerages but I am not a pure indexer mainly becaus...
by SpringMan
Tue Mar 29, 2016 8:58 am
Forum: Investing - Help with Personal Investments
Topic: 3 fund, 4 fund, 28 fund portfolio???
Replies: 28
Views: 1858

Re: 3 fund, 4 fund, 28 fund portfolio???

It is not unusual for a married couple to have 5 or more accounts as we do. We have his and her Roth IRAs, his and her rollover IRAs and a joint taxable account. We have a total of 14 funds, 4 are bond funds, 1 hybrid (Wellesley), the rest are stock funds. This sounds like a lot but each account on ...
by SpringMan
Mon Mar 28, 2016 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Approximate Wellesley Fund's Bond Holdings?
Replies: 2
Views: 581

Re: Approximate Wellesley Fund's Bond Holdings?

One way to approximate Wellesley Income is with 35% Vanguard Equity Income (VEIRX) plus 65% Vanguard Intermediate Bond Index (VBILX)
by SpringMan
Mon Mar 28, 2016 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Why have more than 20% in bonds?
Replies: 37
Views: 3796

Re: Why have more than 20% in bonds?

Age-10 in bonds is my comfort level at age 69. I like Larry Swedroe's advice that one should consider both ability to handle risk and need to take risk. I have the ability but don't see the need.

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