Search found 303 matches

by artthomp
Sun Jan 01, 2017 11:39 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1275
Views: 205423

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

My wife and I are in our mid-70's and retired. We manage our portfolios separately. I try to follow the allocation scheme used in the Vanguard Retirement Income Fund but since I withhold all of my federal and Missouri state taxes, I ended 2016 +3.0% (the Vanguard Retirement Income Fund ended 2016 +5...
by artthomp
Wed Dec 28, 2016 2:39 pm
Forum: Personal Consumer Issues
Topic: At what age, income, and NW would you buy a $50k car?
Replies: 174
Views: 10768

Re: At what age, income, and NW would you buy a $50k car?

I wouldn't - not when I bought my 2003 Honda CRV (with 150,000 miles so far) for $20,000 ($1,540 - year). I cannot understand why people pay $50,000+ for a Range Rover which doesn't have any more functionality than my Honda (at least from my point of view)! Maybe the reason I feel this way is that I...
by artthomp
Wed Dec 28, 2016 2:24 pm
Forum: Investing - Theory, News & General
Topic: How many of you invest 100% at Vanguard?
Replies: 118
Views: 7258

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

We are 100% invested at Vanguard except for some accounts at a local bank, our residence, and some farmland my wife inherited.
by artthomp
Tue Dec 27, 2016 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from VTI+VXUS to VT (super lazy portfolio)
Replies: 8
Views: 1010

Re: Moving from VTI+VXUS to VT (super lazy portfolio)

I guess I've taken a middle road. My Roth IRA is relatively smaller so I use VT (Global stocks) to avoid re-balancing. Since I am using a modified Retirement Income allocation and want a 30/70 allocation for equities I use the following formulas for my other equity allocations (still traditional IRA...
by artthomp
Tue Dec 13, 2016 10:10 am
Forum: Local Chapters and Bogleheads Community
Topic: How Did You Become A Boglehead? What Led You Here?
Replies: 138
Views: 10371

Re: How Did You Become A Boglehead? What Led You Here?

Sometime in the 1980's my company suggested Fidelity for my equity savings (the heyday of Peter Lynch I think) and Vanguard for my fixed income savings (low cost). After a flirtation with American Express around 1998 (at least the representative introduced me to the importance of asset allocation), ...
by artthomp
Thu Dec 08, 2016 11:48 am
Forum: Investing - Theory, News & General
Topic: Vanguard - Best Practices for Rebalancing
Replies: 2
Views: 572

Re: Vanguard - Best Practices for Rebalancing

I re-balance annually when I have to take my IRS Required Distribution.
by artthomp
Thu Dec 08, 2016 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Living Trust vs Transfer on Death [Suze Orman Protection Portfolio]
Replies: 23
Views: 2151

Re: Living Trust vs Transfer on Death [Suze Orman Protection Portfolio]

We tried to setup our entire estate as transfer on death but found that there was no way to do this for my wife's 80 acre inherited farm in Oklahoma (we live in Missouri) so we set up a trust and placed most of our assets in it.
by artthomp
Thu Nov 24, 2016 10:31 am
Forum: Investing - Theory, News & General
Topic: How often do you hit your rebalancing bands?
Replies: 31
Views: 2395

Re: How often do you hit your rebalancing bands?

I don't have re-balancing bands but I re-balance once a year when I have to take an IRS Required Distribution. I did a little investigating on my traditional IRS required distribution experience and I thought you might be interested in my results. I have been required to take IRS Required Distributi...
by artthomp
Thu Nov 24, 2016 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Do you track your net worth? How long have you done so?
Replies: 110
Views: 8263

Re: Do you track your net worth? How long have you done so?

I can track my net worth any market day by downloading the closing values from Vanguard. I have over time developed a spreadsheet consisting of several worksheets that allows me to track my wife's and my investments, my IRS Required Distributions, etc.
by artthomp
Tue Aug 30, 2016 4:29 pm
Forum: Investing - Theory, News & General
Topic: Farmland investing
Replies: 35
Views: 4866

Re: Farmland investing

My wife inherited 80 acres in Oklahoma. She is a renter and receives 1/3 of the crop. Up until recent years wheat was harvested on her land. In the last few years she had very profitable Milo and Cotton crops. The total profits exceed the original estimates for the value of the land. My wife gets qu...
by artthomp
Thu Aug 11, 2016 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected Comparison - High Deductible Plan F to Regular Plan F in New York
Replies: 7
Views: 812

Re: Unexpected Comparison - High Deductible Plan F to Regular Plan F in New York

Missouri pricing for Humana medigap F plan. Humana F plan $266.93/month * 12 = $3,203/year Humana High-Deductible F Plan $87.76/month * 12 = $1,053.12 + $2,180/yearly deductible = $3,233.12 So in a high medical cost year one would pay $3.233.12 - $3,203 = $30.12 more But in a low medical cost year o...
by artthomp
Fri Aug 05, 2016 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: How are taxes different after retirement?
Replies: 39
Views: 3685

Re: How are taxes different after retirement?

I retired in 2006. Our incremental tax federal rate in 2006 was 15% (I was 66 years old) and (Capital gains and Dividend income rate was 0). When I reached age 70.5 and had to start taking IRS Required Minimum Distributions (2010), our incremental federal tax rate increased to 25% (Capital gains and...
by artthomp
Wed Aug 03, 2016 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Is my IRA really an IOU to the IRS??
Replies: 58
Views: 6450

Re: Is my IRA really an IOU to the IRS??

I don't think it's worked much like an IOU for me. I have been taking IRS Required Distributions since 2010 (corrected). The results are interesting. The increase in the traditional IRA from 2010 to 2016 is presently +7% The highest increase in the traditional IRA was from 2010 to 2015 was +11.6% Th...
by artthomp
Mon Jul 25, 2016 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: What does "full retirement age" really mean for SS?
Replies: 5
Views: 1258

Re: What does "full retirement age" really mean for SS?

I retired early at the suggestion of a Social Security representative. I had originally called to start Medicare part B. The conversation began this way as I remember "Why aren't you just retiring?" I was still working so she helped me retire at the beginning of the year in 2006 but held m...
by artthomp
Mon Jul 25, 2016 3:45 pm
Forum: Investing - Theory, News & General
Topic: Declining or Rising equity allocation in retirement?
Replies: 110
Views: 7893

Re: Declining or Rising equity allocation in retirement?

At the present it looks to me that we will have enough money for the rest of our lives. I am considering changing my portfolio allocation to provide a greater inheritance for our children. This would of course imply a greater equity allocation.
by artthomp
Mon Jul 25, 2016 3:40 pm
Forum: Investing - Theory, News & General
Topic: Reliving the Nightmare of the Crisis
Replies: 119
Views: 9585

Re: Reliving the Nightmare of the Crisis

I was down the value of my house (paid off in 1996) in 2009 and I decided not to re-balance (It would have required extensive selling of my fixed term portfolio). I would have been ahead if I had re-balanced since my overall portfolio hit all time highs in 2009!
by artthomp
Mon Jul 25, 2016 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: House value vs Net worth %?
Replies: 21
Views: 2617

Re: House value vs Net worth %?

76 years old - retired - House was paid off in 1996 - county appraisal today is approximately 15% of net worth.
by artthomp
Tue Jul 12, 2016 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: What is your taxable account investing strategy?
Replies: 29
Views: 3294

Re: What is your taxable account investing strategy?

I'm 76 years old so I have been taking IRS Required Minimum Distributions since 2010. I still have approximately 80% of the investments I manage in a traditional IRA. After I take out my federal and state taxes for the year from the distribution I have been re-investing the excess in taxable equitie...
by artthomp
Tue Jul 12, 2016 4:09 pm
Forum: Personal Consumer Issues
Topic: Tax Preparation--Anyone try this as second income
Replies: 40
Views: 5522

Re: Tax Preparation--Anyone try this as second income

I took the H&R Block training in 2006 and worked for them that spring. Unfortunately my family likes to go to spring training in Jupiter, Florida for the month of March which is H&R Block's busy season. So I retired after one season with them. I thought the training was pretty good but do no...
by artthomp
Tue Jul 12, 2016 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have any retiree healthcare benefit from your employer?
Replies: 76
Views: 4374

Re: Do you have any retiree healthcare benefit from your employer?

I'm 76 years old and my former employer promised me a full early retirement and full retirement medical originally. My company did drop their employment insurance for me and my wife a couple or years ago but they now provide Medi-gap and Medicare-advantage selection support through Towers Watson One...
by artthomp
Sat Jul 09, 2016 11:32 am
Forum: Investing - Theory, News & General
Topic: What's your asset allocation and why?
Replies: 103
Views: 6655

Re: What's your asset allocation and why?

I'm am 76 years old and retired. I am allocating my IRA, Roth IRA, and my taxable in the proportions of the Vanguard Retirement Income fund (slightly modified). Note 1: I didn't want to use their fund directly for tax reasons. For example, as I take IRS Required Distributions I am investing excess t...
by artthomp
Sat Jul 09, 2016 11:23 am
Forum: Forum Issues and Administration
Topic: Please Try Out Test Posts Here
Replies: 138
Views: 144194

Re: Please Try Out Test Posts Here

Test - Art
by artthomp
Tue May 31, 2016 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Help with retirement investments
Replies: 13
Views: 1138

Re: Help with retirement investments

I am 75 years old and retired. When I became concerned about my asset allocation (2008-2009), I wrote a private message to the expert Diehard Bond expert, Mel Lindauer. He suggested I look at the Vanguard Retirement Income Fund. I examined it, liked it, and since I'm a fairly conservative investor, ...
by artthomp
Thu Apr 28, 2016 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Help deciding if to ditch my financial advisor and DIY
Replies: 13
Views: 1221

Re: Help deciding if to ditch my financial advisor and DIY

The last time I checked the average Vanguard investor had an average Expense Ratio (ER) of .18%. I model my portfolio after the Vanguard Retirement Income Portfolio using entirely Index Funds and Index ETFs and my expense ratio is .10%. I'm 76 years old and I re-balance once a year. I don't think yo...
by artthomp
Thu Apr 14, 2016 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Where to buy part F Medicare?
Replies: 28
Views: 2304

Re: Where to buy part F Medicare?

You might consider a high-deductible Medicare F plan (around $2,000 deductible). Our premiums are about one/half what a full Medicare F plan costs and we come out ahead money-wise almost every year.
by artthomp
Thu Apr 14, 2016 10:15 am
Forum: Investing - Theory, News & General
Topic: BEST Portfolio Tracker
Replies: 33
Views: 3293

Re: BEST Portfolio Tracker

I think the best portfolio tracker for me is the MS EXCEL spreadsheet I created. Since my portfolio is 100% Vanguard Index Funds and ETFs, I don't really need a X-Ray program to tell me the Fund and ETF allocations. Also, I can download the current values of the funds and ETFs anytime I want, copy t...
by artthomp
Wed Apr 13, 2016 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: what's your Withdrawal Rate for this and last year?
Replies: 79
Views: 8009

Re: Retirees: what's your Withdrawal Rate for this and last year?

We are retired and have Social Security income and a pension. I am 76 years old so I have to make IRS Required Distributions from which I deduct all of our federal and state income taxes. including money used for vacations last year we withdrew 2.6% and this year we withdrew 2.0% investing the rest ...
by artthomp
Sat Mar 05, 2016 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D
Replies: 34
Views: 2691

Re: Medicare Part D

My wife and I are on Medicare. I need 3 prescription drugs. Two years ago I was able to get them through Medicare Part D for $120/year. Last year that insurance company raised the cost to me above $1,000 so I used http://www.medicare.gov to try and find the least cost insurance for my generic prescr...
by artthomp
Sat Mar 05, 2016 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: How much fed tax do you withhold?
Replies: 22
Views: 2124

Re: How much fed tax do you withhold?

We withhold 100% of our estimated federal and state taxes from my IRS Required Minimum Distribution (I will turn 76 this month). We spend some of the distribution and reinvest the rest in taxable Vanguard equity accounts.
by artthomp
Sat Mar 05, 2016 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant costs
Replies: 18
Views: 1656

Re: Accountant costs

We own farming property in Oklahoma and my wife receives farm rental income from it. All the rest of our earnings come from Missouri. I paid our accountant $250 this year to calculate and help me claim income from the federal government, the state of Missouri, and the state of Oklahoma.
by artthomp
Tue Feb 23, 2016 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: What insurance/warranty products do you consider a waste of money?
Replies: 64
Views: 5235

Re: What insurance/warranty products do you consider a waste of money?

I'm 75 years old and I keep getting death insurance offers to cover funeral expenses. When either my wife or I die our estate will easily be able to pay final expenses.
by artthomp
Mon Feb 22, 2016 11:15 am
Forum: Personal Finance (Not Investing)
Topic: End of debit cards for me
Replies: 128
Views: 12045

Re: End of debit cards for me

We arranged to get an ATM only card. We have never had a real debit card and we don't intend to ever get one.
by artthomp
Sun Feb 14, 2016 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Retired - do you still save?
Replies: 38
Views: 4503

Re: Retired - do you still save?

I'm 75 years old. I withhold all of my federal and state taxes from my IRS Required Distribution. I also set aside 2% of the investment portfolio for any unexpected expenses when I rebalance. I then reinvest the rest of my IRS Distribution in taxable accounts at Vanguard (I consider this saving). Th...
by artthomp
Sat Feb 13, 2016 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Selling ETF Using A Limit Order
Replies: 12
Views: 930

Re: Selling ETF Using A Limit Order

I only buy and sell Vanguard ETFs once a year to rebalance my portfolio. If I'm selling I usually set a limit order for the current bid and if I'm buying I usually set a limit order for the current ask. My orders usually execute immediately. I don't mind missing a fraction of a point since I only tr...
by artthomp
Thu Feb 04, 2016 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Tax rate on IRA withdrawal when on Social Security
Replies: 28
Views: 2815

Re: Tax rate on IRA withdrawal when on Social Security

Before we had to take IRS Required Minimum Distributions, we were in a 15% marginal rate (effective rate 12%, 0% capital gains and dividend income rate). As soon as we had to take the IRS Required Minimum Distribution, we jumped to a 25% marginal rate (effective rate 14%, 15% capital gains rate, and...
by artthomp
Mon Jan 25, 2016 3:30 pm
Forum: Investing - Theory, News & General
Topic: What is Your Bond Allocation & Location
Replies: 48
Views: 6170

Re: What is Your Bond Allocation & Location

My overall asset allocation is 30% equities / 70% fixed income The fixed income portion is allocated as follows: 2% VMMXX - Vanguard Money Market 38% VBTLX - Vanguard Total Bond Index 16% VTAPX - Vanguard Short-term Inflation-protected Index 14% VTABX - Vanguard Total International Bond Index ------...
by artthomp
Mon Jan 25, 2016 3:18 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing in Retirement.
Replies: 35
Views: 3525

Re: Rebalancing in Retirement.

Since I have to take IRS Required Minimum Distributions (I'm 75 years old), I rebalance once a year in January and take my distribution minus deductions to cover Federal and State taxes. I then plan to invest excess funds in equities for a few more years until my equity allocation is used up (my pla...
by artthomp
Mon Jan 25, 2016 3:02 pm
Forum: Personal Consumer Issues
Topic: Do you pay for exercise?
Replies: 222
Views: 17087

Re: Do you pay for exercise?

We used to pay $220/year for a VIP membership for my wife and I at our city gym. We found out in the last couple of years that our Medigap provider, Humana, participates in a health program known as "Silver Sneakers" which now covers our membership for free (to us).
by artthomp
Mon Jan 25, 2016 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: How [much] do CPAs charge for tax prep?
Replies: 15
Views: 2261

Re: How [much] do CPAs charge for tax prep?

Our CPA charged $345 in 2014. We are both retired and have to file taxes in two states and calculate gains and losses from my wife's inherited farm in another state (taxes, rental, and royalties some years).
by artthomp
Mon Jan 25, 2016 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Did the bears eat my retirement? - Sequence of Returns Risk
Replies: 70
Views: 7066

Re: Did the bears eat my retirement? - Sequence of Returns Risk

Many of us go to a more conservative asset allocation in retirement. I am 75 years old and my asset allocation is 30% equities/ 70% fixed income (bonds) which is modeled after a the Vanguard Retirement Income Fund (slightly modified).
by artthomp
Mon Jan 25, 2016 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard IRA advice wanted
Replies: 1
Views: 250

Re: Vanguard IRA advice wanted

I have a 100% index funds and ETFs at Vanguard and my Expense Ratio (ER) is 0.10%. I believe the average at Vanguard is 0.15%.
by artthomp
Wed Jan 13, 2016 6:51 pm
Forum: Investing - Theory, News & General
Topic: What do you use to calculate total % up or down each year?
Replies: 37
Views: 2247

Re: What do you use to calculate total % up or down each year?

I use Microsoft Excel. I have a spreadsheet that can provide my net worth and the value of all my investments on any given day. I use it to rebalance about once a year
by artthomp
Sat Jan 09, 2016 5:15 pm
Forum: Investing - Theory, News & General
Topic: Determining US stock as proportion of world stock
Replies: 19
Views: 1498

Re: Determining US stock as proportion of world stock

If you examine the portfolio of the Total World Fund you will see that today North America represents 55.9% of total world equities. If you examine the portfolio of the International Fund you will see that North America - the U. S. represents 6.1% of international equities. A very good estimate of U...
by artthomp
Sat Jan 09, 2016 5:01 pm
Forum: Investing - Theory, News & General
Topic: Is BNDX (total international bond) and its utilization in target date funds terrible?
Replies: 85
Views: 7220

Re: Is BNDX (total international bond) and its utilization in target date funds terrible?

Some time ago I decided to follow the allocation scheme used by the Vanguard Retirement Income Fund (30% equities/70% fixed income) so when they added the Total International Index Bond Fund I modified my allocation plan to include it. Regardless of the factors mentioned over the last year the BND E...
by artthomp
Sat Jan 09, 2016 3:39 pm
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 705
Views: 199934

Re: Variable Percentage Withdrawal (VPW)

I'm 75 years old and I have a pension and my wife and I are taking Social Security so I have been able to rebalance to 2% cash from the portfolio every year so far. 2002 and 2008 are the only years in which the portfolio did not reach an all time high sometime during the year. I do have to take RMDS...
by artthomp
Sat Jan 09, 2016 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for review of my investment approach
Replies: 6
Views: 732

Re: Looking for review of my investment approach

I'm 75 years old, so I'm using a modified Vanguard Retirement Income asset approach (30 equities/70 fixed income). I only rebalance once a year when I have to take an IRS Required Distribution. In recent years the fixed income and equity allocations have not gotten drastically out of synch over a ye...
by artthomp
Wed Dec 30, 2015 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard ETFs
Replies: 7
Views: 820

Re: Vanguard ETFs

VTINX, the Vanguard Retirement Income Mutual Fund was suggested to me as a good conservative model (I'm 75 years old) The ETFs in proportion that could be used to duplicate the allocation are: 37.3% BND - Total Bond 18.0% VTI - Total Stock 16.8% VTIP - Short-term TIP index 16.0% BNDX - Total Interna...
by artthomp
Wed Dec 30, 2015 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Should I invest 90.000$ into a Bond Fund in my 401K ?
Replies: 6
Views: 918

Re: Should I invest 90.000$ into a Bond Fund in my 401K ?

I am 75 years old and retired. When I became concerned about my asset allocation (2008-2009), I wrote a private message to the expert Diehard Bond expert, Mel Lindauer. He suggested I look at the Vanguard Retirement Income Fund. I examined it, liked it, and since I'm a fairly conservative investor, ...

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