Search found 1181 matches

by bengal22
Sun Jun 18, 2017 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 3933

Re: Why do we need an emergency fund?

Not everyone needs an emergency fund. IMO my assets are my emergency fund. IMO why have zero earning money sitting in a cash account just in case. I have a credit card that can be used for short term urgent needs. I have mutual funds that can be sold and turned into cash within 2 days. I prefer to l...
by bengal22
Sat Jun 17, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4696

Re: Curious to odd estate question

Convert all of your assets to cash and state in your last will and instructions that you want to be cremated upon death along with all of your cash. Reminds me of the fellow who told his wife he wanted to take his money with him when he died. At the funeral a friend asked her how she was going to d...
by bengal22
Tue Jun 13, 2017 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4696

Re: Curious to odd estate question

Convert all of your assets to cash and state in your last will and instructions that you want to be cremated upon death along with all of your cash.
by bengal22
Wed Jun 07, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Expense Ratio Advantage
Replies: 37
Views: 2743

Re: Vanguard Expense Ratio Advantage

OK, so by being invested in the Total Stock Market(U.S.) I guess I could say I have ownership in many many companies. But I have a miniscule amount of influence over those companies. OK, so by buying Vanguard funds, I guess I could say I have ownership in Vanguard. But I really have very little say ...
by bengal22
Mon Jun 05, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: New Milestone
Replies: 39
Views: 3274

Re: New Milestone

duplicate
by bengal22
Mon Jun 05, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: New Milestone
Replies: 39
Views: 3274

Re: New Milestone

Congratulations. Well Done. Net Worth is Net Worth. Of course you include the estimated value of your house minus mortgage(I always subtract 6% for realtor cost as well). I think net worth is the most important number I track. Because I know that this "nest egg" will generate monies in my...
by bengal22
Mon Jun 05, 2017 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Mortgages for seniors
Replies: 8
Views: 778

Re: Mortgages for seniors

I was retired and got a mortgage in 2012. I have no idea what criteria they used but I would think having assets to cover the mortgage made it a slam dunk for the bank.
by bengal22
Mon Jun 05, 2017 8:50 am
Forum: Investing - Theory, News & General
Topic: "Bogle's Seven Tips For Investors"
Replies: 6
Views: 1297

Re: "Bogle's Seven Tips For Investors"

Great reminder, Taylor. Your contribution to this board is invaluable. ‘Markets Have Been Solidly Upward" Faith in the above quote is why we continue to invest in the stock market. It is this faith that keeps us in the game when the market tanks. It is why we stay the course and rest easily at ...
by bengal22
Mon Jun 05, 2017 8:43 am
Forum: Personal Finance (Not Investing)
Topic: New Milestone
Replies: 39
Views: 3274

Re: New Milestone

Congratulations. Well Done. Net Worth is Net Worth. Of course you include the estimated value of your house minus mortgage(I always subtract 6% for realtor cost as well). I think net worth is the most important number I track. Because I know that this "nest egg" will generate monies in my ...
by bengal22
Mon Jun 05, 2017 8:38 am
Forum: Personal Finance (Not Investing)
Topic: What's the difference between a Trust and a Will?
Replies: 24
Views: 1790

Re: What's the difference between a Trust and a Will?

You can avoid probate with a will as well . A will must be probated to be valid. How do you avoid this? Gill My main point was that you can set all your assets up so that they transfer at death. A lot of this stuff like trust and wills are established to make the legal folk money. You are right, th...
by bengal22
Mon Jun 05, 2017 8:35 am
Forum: Personal Finance (Not Investing)
Topic: What's the difference between a Trust and a Will?
Replies: 24
Views: 1790

Re: What's the difference between a Trust and a Will?

You can avoid probate with a will as well . A will must be probated to be valid. How do you avoid this? Gill It's been awhile since I was my mother's executor/revocable living trust trustee, but her will had a provision that all her assets at the time of her death that weren't already in the trust ...
by bengal22
Sun Jun 04, 2017 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: What's the difference between a Trust and a Will?
Replies: 24
Views: 1790

Re: What's the difference between a Trust and a Will?

You can avoid probate with a will as well. My experience with a will was that it is sufficient and we were able to distribute most of the assets before probate was cleared. I think if one has his assets probably titled(POD and TOD) one can avoid the hassles of probate and excess taxes.
by bengal22
Thu Jun 01, 2017 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Senility: How do you plan on protecting your money when you lose your mental capacities?
Replies: 72
Views: 5746

Re: Senility and Seductresses: How do you plan on protecting your money when you lose your mental capacities?

This is another one of those things that I really do not worry about. My parents are in their mid-90's and they are still very capable of handling their finances. They have things set up so that assets(other than car and house) will TOD or POD. The car and the house can be sold and handled by their...
by bengal22
Wed May 31, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Senility: How do you plan on protecting your money when you lose your mental capacities?
Replies: 72
Views: 5746

Re: Senility and Seductresses: How do you plan on protecting your money when you lose your mental capacities?

This is another one of those things that I really do not worry about. My parents are in their mid-90's and they are still very capable of handling their finances. They have things set up so that assets(other than car and house) will TOD or POD. The car and the house can be sold and handled by their ...
by bengal22
Mon May 29, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding the Hassle Factor - Vanguard, Schwab, or Fidelity?
Replies: 52
Views: 4984

Re: Avoiding the Hassle Factor - Vanguard, Schwab, or Fidelity?

I like both Fidelity and Vanguard(split is 66/34 Fidelity). Both have very similar index funds. I do like the Fidelity CC for the 2% cash back. I for one like the idea of not having all of my funds at one company(unfounded concern or not).
by bengal22
Sun May 28, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: When to start talking to older parents regarding their finances (and how to do it?)
Replies: 37
Views: 3835

Re: When to start talking to older parents regarding their finances (and how to do it?)

My parents are both 94 and I anticipate they will talk to me about finances soon.
by bengal22
Tue May 23, 2017 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity and their "free advisor" service?
Replies: 34
Views: 3153

Re: Fidelity and their "free advisor" service?

When these threads appear there are usually two basic opinions: those that dislike Fidelity advisers and those that have had good experiences with them. I for one have Fidelity and have had several meetings with their advisers and I have always appreciated their input. But I have enough self confide...
by bengal22
Tue May 23, 2017 2:28 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg hit piece - Vanguard's Irritating Perch on the Moral High Ground
Replies: 46
Views: 6271

Re: Bloomberg hit piece - Vanguard's Irritating Perch on the Moral High Ground

I for one never bought into the whole Vanguard is owned by mutual fund owners. It really never made sense to make my investment decision based on that marketing pitch. But I invest with Vanguard because they are one of the best mutual fund providers around: low cost index funds. That is all I need t...
by bengal22
Sun May 21, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Investing FOR Retirement vs Investing IN Retirement
Replies: 25
Views: 2465

Re: Investing FOR Retirement vs Investing IN Retirement

No real difference for me. I have made my AA a little more conservative(55-45 stocks). So far my portfolio has still been growing due to appreciation. My biggest strategy is how to minimize taxes by deciding where to pull assets needed beyond pension, wife's SS, and dividends.
by bengal22
Wed May 17, 2017 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 7646

Re: Article: "Our emergency fund is exactly $0.00"

I think that the decision to have an emergency fund is based upon the individual's personality. I do not have an emergency fund but as one poster said I can convert my taxable assets to cash within 2 days. I am retired now but I never felt the need to have an emergency fund when I worked. I never li...
by bengal22
Sun May 14, 2017 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: How many firms do you use?
Replies: 39
Views: 2749

Re: How many firms do you use?

Fidelity 2/3
Vanguard 1/3

Don't like all my eggs in one basket.
by bengal22
Sun May 07, 2017 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Small cap value tilt portfolio review
Replies: 25
Views: 2103

Re: Small cap value tilt portfolio review

For me the key to tilting is to first have the 3 fund portfolio: Total Stock Market, Total Bond Market, and Total Stock International. This should be set up after you have your Portfolio Allocation. In my case 60% Stock(20% of this piece is international), 40% Bonds/Fixed Assets. That gives me my ba...
by bengal22
Thu May 04, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know exactly what % of income you spend?
Replies: 48
Views: 3550

Re: Do you know exactly what % of income you spend?

Being retired I spend all of it. But because my portfolio continues to appreciate and I pay down my mortgage, my net worth(which to me is the most important number) increases.
by bengal22
Thu May 04, 2017 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Relatives with Inheritance for Minors
Replies: 11
Views: 1217

Re: Helping Relatives with Inheritance for Minors

I would mail a check to the 5th sibling and let him divide up the funds as he chooses.
by bengal22
Thu May 04, 2017 2:15 pm
Forum: Investing - Theory, News & General
Topic: Morningstar article--Service Complaints Aside, Investors See Value at Vanguard
Replies: 10
Views: 799

Re: Vanguard Servicing

1). Vanguard has an excellent array of low costs, index and non-index mutual funds. 2). I have about 30% of my funds at Vanguard and have been a customer since the early 80"s. 3). From my experience, Vanguard has always been subpar at customer service. The range of expertise with the people tha...
by bengal22
Wed May 03, 2017 3:47 pm
Forum: Investing - Theory, News & General
Topic: A Boglehead Guide to Buying Individual Stocks
Replies: 85
Views: 6877

Re: A Boglehead Guide to Buying Individual Stocks

Buy randomly 30 stocks, equal portions, from the S&P 500. You now have your own index fund and you will come close to the S&P 500 index and beat over half of the mutual fund managers. Maybe.
by bengal22
Mon May 01, 2017 9:29 am
Forum: Investing - Theory, News & General
Topic: Transferring ETF shares to charity
Replies: 17
Views: 930

Re: Transferring ETF shares to charity

I use sales price at the end of the day(that is the value to the charity). I don't think you need to know the basis since you are not paying taxes on the difference.
by bengal22
Mon May 01, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity retirement planning
Replies: 22
Views: 2522

Re: Fidelity retirement planning

I did both the online retirement planning and the inperson retirement planning at Fidelity. The advisor really just helped me fine tune the online planning and I found it very low stress(did not push high ER investments) and beneficial. It really is a good tool. And free.
by bengal22
Mon May 01, 2017 9:23 am
Forum: Investing - Theory, News & General
Topic: Are we all forgetting our taxable accounts?
Replies: 79
Views: 9856

Re: Are we all forgetting our taxable accounts?

Taxable Accounts are helping me bridge the gap between retirement and 70 1/2(RMD time). I assume once I start taking RMD's the taxable account will never be used. The TA also funded taxes for my IRA to Roth rollovers.
by bengal22
Sat Apr 29, 2017 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 165
Views: 11577

Re: When do you plan to die?

It seems a little simple but I would recommend planning to live instead.
by bengal22
Sat Apr 29, 2017 4:44 pm
Forum: Investing - Theory, News & General
Topic: Why aren't small cap indices a major portion of recommended stock allocations?
Replies: 49
Views: 3743

Re: Why aren't small cap indices a major portion of recommended stock allocations?

I personally tilt a some toward Small Cap Value and REIT and I beat my benchmark(Target Fund 2020) by a little but at the end of the day your Asset Allocation(stock to bond) is a more important decision.
by bengal22
Fri Apr 28, 2017 10:20 am
Forum: Personal Consumer Issues
Topic: 7 car noises you should never ignore
Replies: 23
Views: 3784

Re: 7 car noises you should never ignore

nymeria.stark wrote:
ponyboy wrote:Can I ignore my wife who sits in the passenger seat and makes noises at me?


You CAN, but there might be some long-term damage as a result. :D


I know when I get a "growling" sound from the front seat that it's time to stop at the next roadside facility.
by bengal22
Thu Apr 27, 2017 6:49 am
Forum: Investing - Theory, News & General
Topic: Vanguard New Lower ER .04%
Replies: 56
Views: 5776

Re: Vanguard New Lower ER .04%

Sounds like Vanguard is trying to supplant Fidelity as the low ER group. Maybe they want to be the new Fidelity.
by bengal22
Tue Apr 25, 2017 5:02 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2715
Views: 761833

Re: What Movie Have You Recently Watched?

I really thought that A MONSTER CALLS was an excellent, powerful, emotional movie. The movie was not at all from the monster genre(as title implies) but instead was an engrossing portrait of how a young boys deals with a very traumatic situation both in his family and in his school life. Solid A in ...
by bengal22
Tue Apr 25, 2017 10:18 am
Forum: Personal Consumer Issues
Topic: Will cars be autonomous in three years?
Replies: 225
Views: 12066

Re: Will cars be autonomous in three years?

I would be afraid to get in a car that was autonomous. I would at least want to direct the car's destination and duration of drive.
by bengal22
Thu Apr 20, 2017 7:53 pm
Forum: Investing - Theory, News & General
Topic: How to use Vanguard Portfolio Watch for rebalancing
Replies: 90
Views: 38673

Re: How to use Vanguard Portfolio Watch for rebalancing

I use the Vanguard Portfolio as well. It is a good tool. However, it refuses to treat the Fidelity Total U.S. stock index properly(counts it as 100% large cap) so I have to go to Portfolio analysis and subsitute the Vanguard Total US Stock Index to get an accurate account for small and mid cap stoc...
by bengal22
Thu Apr 20, 2017 1:22 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 37538

Re: Larry Swedroe says "Goodby."

Thank You and good luck to your future retirement. I used to love the Rick and Larry debates and will miss those informative interchanges.
by bengal22
Sun Apr 16, 2017 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Why do you save?
Replies: 31
Views: 2168

Re: Why do you save?

The more you save the more you can spend.
by bengal22
Thu Apr 13, 2017 11:43 am
Forum: Personal Finance (Not Investing)
Topic: best resources for executor
Replies: 7
Views: 712

Re: best resources for executor

I used the Nolo and it helped me get started. The best resource is the applicable probate court. In Ohio it told me what forms were needed and what stages they were needed. The forms were online and they were ultra simple to complete.
by bengal22
Thu Apr 13, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Will - what is complicated?
Replies: 72
Views: 4218

Re: Will - what is complicated?

Not to be too cynical but like financial planning there is a whole industry designed to make people think that planning for your death is complicated and impossible for the average person to navigate. But if your family is untrustworthy definitely get legal help.
by bengal22
Sat Apr 08, 2017 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Best place to setup a will
Replies: 42
Views: 3787

Re: Best place to setup a will

I think trusts and lawyers utilize the will/probate system to generate a lot of proceeds. I'm fairly sure that the lawyers view it as providing a service for which they charge reasonable and competitive fees. I just finished Beyond the Grave . I hope the OP's situation doesn't look like any situati...
by bengal22
Sat Apr 08, 2017 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Best place to setup a will
Replies: 42
Views: 3787

Re: Best place to setup a will

I used my FIL's will and inserted our names. We had friends witness it. His will was accepted by the probate court so there is no reason to think ours will not be sufficient. The only thing that will have to go through probate is the house and vehicles. All of my other assets are set up TOD or POD o...
by bengal22
Mon Apr 03, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Did you and your spouse have different opinions on retirement income need?
Replies: 31
Views: 2599

Re: Did you and your spouse have different opinions on retirement income need?

I don't think we really thought about retirement income per se. We have always had a good understanding about spending what we needed to live and on things that we wanted. I always gave to the church and gave to our savings and what was left was spent on expenses. I retired when I was ready to not w...
by bengal22
Tue Mar 28, 2017 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Where can I buy Vanguard Funds w/o Fees ?
Replies: 37
Views: 3176

Re: Where can I buy Vanguard Funds w/o Fees ?

Vanguard customer service is frustrating but not so frustrating that I wouldn't buy my mutual funds direct. You just have to know that the ones answering the phone lack competency but the need for competency is not so great that you can't suffer through it
by bengal22
Mon Mar 20, 2017 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity vs. Vangard?
Replies: 57
Views: 5048

Re: Fidelity vs. Vangard?

I have my portfolio split 66/34 between fidelity and vanguard. I like the fund choice better ay vanguard but I find the ineptitude of the vanguard phone representatives frustrating and do not understand why that can't fix it. To me the ownership structure is a non-issue.
by bengal22
Mon Mar 13, 2017 4:08 pm
Forum: Investing - Theory, News & General
Topic: What makes an individual an Expert?
Replies: 62
Views: 4123

Re: What makes an individual an Expert?

According to the Wizard you merely need a sheet of paper
by bengal22
Sat Mar 11, 2017 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: The Big Short, FannyMae and VBMFX
Replies: 5
Views: 503

Re: The Big Short, FannyMae and VBMFX

Just a reminder that The Big Short is a movie and is a movie in a long string of movies about how corrupt and evil Wall Street is. If you want information don't get it from movies, get it from Facebook.
by bengal22
Fri Feb 17, 2017 9:05 am
Forum: Investing - Help with Personal Investments
Topic: 529 Asset Allocation - is this valid thinking?
Replies: 54
Views: 2666

Re: 529 Asset Allocation - is this valid thinking?

I would imagine one approach would be to think of your AA 18 years before retirement. Based on that I would think a 60/40 stock to bond ratio would be ideal. You would hate to hit a low point right when the kid hits college age. As a grandfather, I worry a little contributing to my grand kids 529 be...

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