Search found 1163 matches

by bengal22
Sun May 21, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Investing FOR Retirement vs Investing IN Retirement
Replies: 18
Views: 1230

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: 7152

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: 2553

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: 1940

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: 3417

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: 1151

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: 720

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: 6590

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: 892

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: 2438

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: 9597

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: 10995

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: 3542

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: 3674

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: 5603

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: 2671
Views: 729000

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: 220
Views: 10569

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: 37104

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: 36559

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: 2058

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: 676

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: 4043

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: 3708

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: 3708

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: 2493

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: 3054

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: 4862

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: 4036

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: 465

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: 2574

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...
by bengal22
Sun Feb 05, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Do you account for likely life expectancy in retirement?
Replies: 63
Views: 5018

Re: Do you account for likely life expectancy in retirement?

Since I plan on my portfolio to continue to grow(on average) over time Why? Are you planning a very low withdrawal rate because when you run simulations it seems many of the successful ones still include retrenchment. Once we start our SSA, that combined with a pension will put the gap between expe...
by bengal22
Sun Feb 05, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Do you account for likely life expectancy in retirement?
Replies: 63
Views: 5018

Re: Do you account for likely life expectancy in retirement?

Since I plan on my portfolio to continue to grow(on average) over time.... life expectancy is not important to me. Other than I hope to shoot my age at golf when I am 100.
by bengal22
Sat Feb 04, 2017 11:03 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2312
Views: 687832

Re: What Book Are You Currently Reading? Part VI

I would recommend Franzen as well. Enjoy Richard Ford too.

Halfway through hillbilly elegy and find it fascinating.
by bengal22
Sat Feb 04, 2017 8:26 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2671
Views: 729000

Re: What Movie Have You Recently Watched?

Hell or high water. Great movie with great performances.
by bengal22
Wed Jan 11, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your emergency fund?
Replies: 80
Views: 6907

Re: Where do you keep your emergency fund?

Keep my EF in the taxable portion (mutual funds) of my portfolio. These funds are as accessible as a money market fund. Do not believe in keeping my funds on the sideline.
by bengal22
Mon Dec 26, 2016 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: How do you plan for retirement?
Replies: 32
Views: 3070

Re: How do you plan for retirement?

Never worried about "how much I saved."

But every paycheck I first gave and then 2nd invested... before I paid the first bill. My company had profit sharing matching so I always made sure I invested in my 401K about to that amount and then invested above that what I thought I could.
by bengal22
Sat Dec 24, 2016 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: How has Financial Independence changed your life?
Replies: 55
Views: 7154

Re: How has Financial Independence changed your life?

I feel financially independent. But I am not.

Pension comes from ex-employer.
Wife's ssa comes from govt.
My Medicare comes from gov.
Wife's health care subsidized by IRS -HCTC
Dividends come from many companies.
Nest egg impacted by economy- here and abroad.

Independent am I? Naw.
by bengal22
Fri Dec 23, 2016 10:31 pm
Forum: Investing - Help with Personal Investments
Topic: How has Financial Independence changed your life?
Replies: 55
Views: 7154

Re: How has Financial Independence changed your life?

I am still dependent upon my finances. Not sure what financial independence really means. Does it mean I do not have to work? Invest? Or does it mean I am free from financial worry? Or maybe it means no one else provides for me? I really have no clue as to what financial independence even means. Sor...
by bengal22
Tue Dec 13, 2016 7:06 pm
Forum: Personal Consumer Issues
Topic: How old is your vehicle?
Replies: 200
Views: 15222

Re: How old is your vehicle?

2017 Traverse - wife
2005 - Avalanche - mine of course. I bought it new way back when. Will drive until it quits and then get something new.
by bengal22
Sat Dec 03, 2016 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Informal probate in Massachusetts was easy
Replies: 12
Views: 1477

Re: Informal probate in Massachusetts was easy

Ohio is just as simple. There is a myth around the complexity of preparing a will and executing a will through probate. Lawyers wanted 5k for a 300k estate that required filing an inventory and other easy forms. We did it easily.
by bengal22
Fri Dec 02, 2016 10:37 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2312
Views: 687832

Re: What Book Are You Currently Reading? Part VI

Beloved by Toni Morrison. First book I have read by her and I plan on reading more.
by bengal22
Fri Dec 02, 2016 10:33 am
Forum: Personal Consumer Issues
Topic: Should I buy a new car for safety's sake?
Replies: 152
Views: 7306

Re: Should I buy a new car for safety's sake?

It amazes me how many people today drive vehicles that do not have turn signals. What? There are almost none on the road today that do not HAVE turn signals. The problem is that the drivers do not use them. Pretty sure that was the point of the clearly sarcastic post. I think that common sense and ...
by bengal22
Thu Dec 01, 2016 5:40 pm
Forum: Personal Consumer Issues
Topic: Should I buy a new car for safety's sake?
Replies: 152
Views: 7306

Re: Should I buy a new car for safety's sake?

DaftInvestor wrote:
bengal22 wrote:It amazes me how many people today drive vehicles that do not have turn signals.


what's a turn signal?


exactly.
by bengal22
Thu Dec 01, 2016 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage?
Replies: 107
Views: 8146

Re: Pay off mortgage?

I have a 15 year 2.5% fixed interest rate mortgage. I have the cash, and I am tempted to pay it off given that I cannot see any safe investment at a higher after tax interest rate. Is there anything I am missing? I am firmly in the don't pay it off category. However if you fit one of the following ...
by bengal22
Thu Dec 01, 2016 4:58 pm
Forum: Personal Consumer Issues
Topic: Should I buy a new car for safety's sake?
Replies: 152
Views: 7306

Re: Should I buy a new car for safety's sake?

It amazes me how many people today drive vehicles that do not have turn signals.
by bengal22
Wed Nov 23, 2016 2:34 pm
Forum: Personal Consumer Issues
Topic: Bowling alley in the basement
Replies: 30
Views: 3557

Re: Bowling alley in the basement

I can honestly say that until this post I have never thought about putting a bowling alley in the basement. I could not live above all that smoke.
by bengal22
Mon Nov 21, 2016 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Do you track your net worth? How long have you done so?
Replies: 110
Views: 9097

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

Been tracking monthly since the 80's. I think it is the most valuable financial number that I track. I used a simple Excel spreadsheet and I include taxable accounts, non-taxable accounts, house, and liabilities.

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