Search found 595 matches

by burt
Sun Feb 18, 2018 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement investment advice for parent
Replies: 6
Views: 516

Re: Retirement investment advice for parent

IMHO 70/30 is too aggressive for someone in their mid 50's with little retirement savings. Exception - if that person has a pension and that pension together with SS benefits would cover most of her annual expenses, 70/30 would be fine. Mid 50's with little retirement savings. This person does not ...
by burt
Sun Feb 18, 2018 8:27 am
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 359
Views: 40678

Re: Netflix, Your Current Favorite Show

I recently got hooked on "The People v.s. OJ Simpson".
Very interesting and some good acting.
I liked Travolta playing Robert Shapiro.

burt
by burt
Sat Feb 17, 2018 7:22 am
Forum: Investing - Theory, News & General
Topic: Vanguard LifeStrategy Funds vs. Target Date Funds
Replies: 46
Views: 3710

Re: Vanguard LifeStrategy Funds vs. Target Date Funds

But as is often commented, just investing in a portfolio rather than considering a larger picture involving annuities and other options is too narrow a context for retirement planning. The Vanguard white paper does touch on pensions and SS. In addition, the white paper addresses an average retiree ...
by burt
Thu Feb 15, 2018 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Helping Parents Get Portfolio On Track
Replies: 5
Views: 573

Re: Helping Parents Get Portfolio On Track

Just a reminder that there will be trade fees to sell the funds with the FA. Those fees may be higher or lower at their current location vs. wherever there new location might be. You/They should research this to minimize costs. I wouldn't worry about trade fees, that's small potatoes. The elephant ...
by burt
Sat Feb 10, 2018 7:35 am
Forum: Investing - Help with Personal Investments
Topic: From EJ to Vanguard to Schwab
Replies: 21
Views: 1963

Re: From EJ to Vanguard to Schwab

2 months ago I helped a relative move funds from EJ to Vanguard. -Filled out an IRA Application Form. -Filled out an In-Kind Transfer Form. Two weeks later we received a confirmation in the mail. Done. No interaction with EJ. No telephone calls to Vanguard. Pretty darn easy. I guess we could have ma...
by burt
Fri Feb 09, 2018 6:37 pm
Forum: Investing - Theory, News & General
Topic: Bond funds and stock funds, which one is riskier?
Replies: 50
Views: 4086

Re: Bond funds and stock funds, which one is riskier?

Do TIPs mitigate inflation risk ?

burt
by burt
Fri Feb 09, 2018 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Stay at American Funds or move to Vanguard?
Replies: 14
Views: 1274

Re: Stay at American Funds or move to Vanguard?

Forget about taxes.
Forget about charges.
Forget about fees.

Just move to a low cost index fund provider.
You will break even in a few years and save a lot of money over the next 50 years.
This is a no brainer.

burt
by burt
Thu Feb 08, 2018 6:45 pm
Forum: Personal Consumer Issues
Topic: How to stop mail for former occupants?
Replies: 103
Views: 5772

Re: How to stop mail from former occupants?

From my experience, it will never stop. Sorry. Same experience here. I too have been receiving mail for the previous tenants for more than 20 years, and not just the previous owner but several ones before them too. One of them was a senior who moved away more than 20 years ago, and was on every AAR...
by burt
Sun Feb 04, 2018 3:21 pm
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 359
Views: 40678

Re: Netflix, Your Current Favorite Show

SueG5123 wrote:
Mon Jan 29, 2018 7:42 pm
Godless was great. I’ve just binged two seasons of The Crown.
+1
The Crown is great. Really enjoyed this series.

burt
by burt
Sun Feb 04, 2018 8:35 am
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 359
Views: 40678

Re: Netflix, Your Current Favorite Show

I really getting into Dirty Money. So far have watched episodes:

-Volkswagon diesel scam
-Internet Payday loan scam
-HSBC money laundering

burt
by burt
Sat Feb 03, 2018 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds - Am I missing something
Replies: 84
Views: 5600

Re: Bonds - Am I missing something

This may or may not be true. Supposedly Groucho Marx was interviewed after he lost much of his fortune in the stock market. Groucho indicated to the interviewer that he now had most of his money in bonds. The interviewer commented "bonds don't pay anything". Groucho replied "They do if you have a lo...
by burt
Fri Feb 02, 2018 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Finally going to invest, brother is FA
Replies: 89
Views: 6542

Re: Finally going to invest, brother is FA

Ohhhh Man, your brother is with Edward Jones. That's worse than a relative with Amway.
Chances are good he doesn't even know how bad are the products he sells.
Stay away from Edward Jones and hope your brother gets a real job providing some benefit to society.

burt
by burt
Thu Feb 01, 2018 7:23 am
Forum: Investing - Theory, News & General
Topic: looking for positive experiences transferring to Vanguard
Replies: 39
Views: 2193

Re: looking for positive experiences transferring to Vanguard

I've been with Vanguard for approximately 20 years. I have done 3 rollovers from 401k's to Vanguard IRA's - no problems. Last year I received Vanguard inherited funds and helped 2 beneficiaries fill out forms to receive their inherited funds. - no problems Last year I helped a relative with in-kind ...
by burt
Wed Jan 31, 2018 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Any recommendations on transferring to Vanguard?
Replies: 10
Views: 1153

Re: Any recommendations on transferring to Vanguard?

Don't worry about $20 transaction fees.
Concentrate on the $1000's or $10,000's saved by moving to a low cost provider.
Just do it.

burt
by burt
Tue Jan 30, 2018 8:20 am
Forum: Personal Finance (Not Investing)
Topic: The biggest problem in retirement is spending (not)
Replies: 118
Views: 10250

Re: The biggest problem in retirement is spending (not)

As an aside regarding Medicaid for LTC: I've had experience with multiple relatives in nursing home facilities. To be fair, none ENTERED as a Medicaid patient, so it may be true that it will be hard to find a decent place if you have nothing upon entrance. But my observation is something surprising...
by burt
Fri Jan 26, 2018 7:17 am
Forum: Investing - Theory, News & General
Topic: Asset Allocation in Early Retirement--a different Perspective
Replies: 18
Views: 2668

Re: Asset Allocation in Early Retirement--a different Perspective

I'm 2 years into retirement and lean towards the very conservative Zvi Bodie approach. Put your savings needed for essential expenses into TIPS and other safe investments. If the low return of TIPS don't get you to your target number.... work longer and/or save more. Jim Otar has a similar approach....
by burt
Sat Jan 13, 2018 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Credit card keeps getting hacked, even when unused! (4x now!)
Replies: 49
Views: 8148

Re: Credit card keeps getting hacked, even when unused! (4x now!)

Two credit cards from two different financial institutions hacked within the past 4 months. One card is used for online transactions only and the other card is used for in person purchases. Both times the fraud departments alerted me. I was in the middle of a Netflix streaming movie when I get a mes...
by burt
Wed Jan 10, 2018 7:11 am
Forum: Investing - Help with Personal Investments
Topic: Sequence of Return Risk impact on Retirement
Replies: 103
Views: 4505

Re: Sequence of Return Risk impact on Retirement

William Bernstein does a good job of explaining Sequence of Returns in his paper "The Retirement Calculator from Hell".

http://www.efficientfrontier.com/ef/998/hell.htm

burt
by burt
Tue Jan 09, 2018 8:12 am
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 210
Views: 18178

Re: Memo to those who have won the game: it's time to quit playing

W Buffet has won the game long time ago but he is till playing the game. How to explain? Mr. Buffet could easily lose 50% of his assets due to a stock market "correction" and the impact to his standard of living would be zero. I on the other hand.... being retired with modest savings, would have a ...
by burt
Sun Jan 07, 2018 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Downsizing to one car in retirement...
Replies: 68
Views: 4146

Re: Downsizing to one car in retirement...

We went to one car when both retired 2 years ago. I don't enjoy driving, and consider a car to be strictly utilitarian. It even bugs me to put gas in the darn thing. We live in a small town without Uber or taxi's. If the car needs service I drive to the shop and walk back home. If the Spouse needs t...
by burt
Fri Dec 29, 2017 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Tax Act discount
Replies: 9
Views: 1192

Re: Tax Act discount

Thank-you for the notice.
Yes, I can save 30% if purchased before January 1st.

burt
by burt
Thu Dec 28, 2017 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Introduction time
Replies: 21
Views: 1626

Re: Introduction time

Dude, you're young! There's no way your expenses will remain the same (even considering inflation) for the next 40 years, unless you will live like a hermit. Marriage? Kids? College for kids? Weddings for kids? Vacations with family? Bigger car for family? Bigger house for family? DIVORCE? These ar...
by burt
Thu Dec 28, 2017 4:32 pm
Forum: Investing - Theory, News & General
Topic: 1st, your education. Then...Location, Location, Location
Replies: 66
Views: 8634

Re: 1st, your education. Then...Location, Location, Location

I moved to a LCOL area from a HCOL area 22 years ago. What I wanted most is financial freedom at the youngest age possible. It was achieved by making significantly more than my peers and living in a VLCOL area and living well-below my means. Living in a state without state income taxes for 20 years...
by burt
Tue Dec 26, 2017 5:38 pm
Forum: Investing - Theory, News & General
Topic: 1st, your education. Then...Location, Location, Location
Replies: 66
Views: 8634

Re: 1st, your education. Then...Location, Location, Location

HCOL areas suck unless you are loaded and can afford to make all the problems go away. Gated community with private security, minimal commute (that's a big one), private schools, can afford the best restaurants, shopping and entertainment. A plumber in a LCOL area has a better "quality of life" comp...
by burt
Sun Dec 10, 2017 7:08 pm
Forum: Investing - Theory, News & General
Topic: Vanguard customer service reps need some training
Replies: 66
Views: 7221

Re: Vanguard customer service reps need some training

I rarely call Vanguard, but needed to do so 7 months ago for inherited funds. Funds were transferred to beneficiaries without a hitch. I called Vanguard a few days ago regarding Required Minimum Distributions (RMD) for inherited IRA. No problem, short wait, professional, polite, and I received an em...
by burt
Sat Dec 09, 2017 7:15 pm
Forum: Personal Consumer Issues
Topic: Best vehicle for seniors?
Replies: 73
Views: 6385

Re: Best vehicle for seniors?

Uber Lyft taxi ++1 Recent experience with elderly in-law passing out and taken by ambulance to ER. Not the first time. After many tests, no diagnosis for passing out. Back on the road 3 days later. That really makes me mad. How absolutely negligent for the children to allow this to happen. I'm work...
by burt
Sat Dec 09, 2017 6:01 pm
Forum: Personal Consumer Issues
Topic: Moto G5 Plus: Software updates?
Replies: 84
Views: 5184

Re: Moto G5 Plus: Software updates?

Be careful using unlocked phones on the Verizon network. Not all devices are "recognized" on their network. My Moto G4 works fine in the US but the international plans DO NOT WORK and ARE NOT supported (including Canada). On the Verizon website it looks like the Moto G5 is NOT "fully" supported. burt
by burt
Wed Dec 06, 2017 8:18 am
Forum: Investing - Theory, News & General
Topic: Vanguard customer service reps need some training
Replies: 66
Views: 7221

Re: Vanguard customer service reps need some training

I'm not big on telephone conversations of any type, especially those dealing with financial instructions.
My preference is do it myself with a computer or written instructions sent via USPS.
If it's important.... I want it written.

burt
by burt
Fri Dec 01, 2017 7:38 am
Forum: Investing - Theory, News & General
Topic: How your FA, insurance agent, your community reacts when you show your financial knowledge?
Replies: 39
Views: 4849

Re: How your FA, insurance agent, your community reacts when you show your financial knowledge?

At work there were a few select few who got it whom I discussed investing with. Some others just said "tell me what to invest in". I emailed them Bill Bernstein's If You Can pdf. Most of them never even bothered to read it. I'm amazed at people who slog into work for 40 years and have made a decent...
by burt
Thu Nov 30, 2017 7:25 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones trap
Replies: 45
Views: 5612

Re: Edward Jones trap

I am currently helping a relative and their spouse move funds from Edward Jones to Vanguard. This all started when they inherited funds located at Vanguard. I explained to them that by also transferring their existing EJ funds they could save more than $100,000 in fees and expenses over 20 years. Th...
by burt
Sun Nov 26, 2017 7:05 pm
Forum: Personal Consumer Issues
Topic: Toyota older, "good" cars - my observations
Replies: 52
Views: 5689

Re: Toyota older, "good" cars - my observations

We bought a used 2010 Avalon in 2011 with 17,000 miles on it. Car now has 55,000 miles and we plan to keep it 3 more years. We love this car. Very comfortable for "larger" people. Good horsepower. From what I've noticed used, 2-3 year old Avalons are very hard to find. We will probably buy a new Ava...
by burt
Thu Nov 09, 2017 6:21 am
Forum: Investing - Help with Personal Investments
Topic: Bond Fund question - active vs. managed (VBMFX vs. PICYX)
Replies: 16
Views: 1018

Re: Bond Fund question - active vs. managed (VBMFX vs. PICYX)

Yes do object. But 5 of 10 metrics are past performance, not a good indicator of future performance. I think that's nuts to base 5 of 10 metrics on past on performance, the metrics are loaded against index funds which by definition have average performance. Average credit quality count should as a ...
by burt
Sun Nov 05, 2017 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: College student... Financial mess... Need advice...
Replies: 58
Views: 6234

Re: College student... Financial mess... Need advice...

Just pay up.
A very cheap lesson regarding relationships.

burt
by burt
Sat Nov 04, 2017 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Does Retirement Make You Lazier?
Replies: 87
Views: 8266

Re: Does Retirement Make You Lazier?

My 85 year old Father -In-Law mentioned that he is always busy because it takes him longer to do things. :happy

burt
by burt
Fri Nov 03, 2017 5:49 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity - Cash out or 1035 exchange ?
Replies: 4
Views: 549

Re: Variable Annuity - Cash out or 1035 exchange ?

Thank-you for your replies.
Slowly making progress transferring assets from Edward Jones to Vanguard.
Yes, I will advise relative to cash out variable annuity and reinvest in yearly IRA payments.
Also will significantly reduce the number of funds they currently have.

burt
by burt
Wed Nov 01, 2017 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity - Cash out or 1035 exchange ?
Replies: 4
Views: 549

Variable Annuity - Cash out or 1035 exchange ?

Hello Bogleheads, I'm helping a relative escape the clutches of Edward Jones and move to Vanguard. Besides a collection of 9 mutual funds (all with hefty loads and expenses), they also managed to sneak in a Variable Annuity. Annuity Information: - Transamerica Variable Annuity - O share - Non Qualif...
by burt
Wed Nov 01, 2017 6:53 am
Forum: Personal Finance (Not Investing)
Topic: What was the main reason you retired?
Replies: 210
Views: 16738

Re: What was the main reason you retired?

Mostly: 4) Had enough of your work environment 8) Job no longer fun or interesting Worked 40+ years mostly to provide food, clothing, and shelter for my family. After 30 years it felt like I had stainless steel (not gold) handcuffs, so I stuck it out. Any extra funds were saved and invested so I cou...
by burt
Sun Oct 29, 2017 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: we bought a house - are we housepoor now?
Replies: 195
Views: 10474

Re: we bought a house - are we housepoor now?

Housepoor ? yes
How stable are your jobs ?
I have never spent more than 1.5X my annual income on housing over 40 years.
Massachusetts looks to be a recourse state. ie the bank can come after other assets.

A house can be a damn heavy ball and chain when stuff hits the fan.

burt
by burt
Sun Oct 15, 2017 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Does Vanguard make sense without a computer ?
Replies: 22
Views: 2606

Re: Does Vanguard make sense without a computer ?

What about Vanguard PAS or Schwab Intelligent Advisory? The 30 basis points will buy them decent professional advice at low cost. Thank-you. I will most definitely advise them of the Vanguard PAS service. Schwab and Fidelity offices (for that face to face experience) are 1.5 hours away and I will a...
by burt
Fri Oct 13, 2017 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Does Vanguard make sense without a computer ?
Replies: 22
Views: 2606

Re: Does Vanguard make sense without a computer ?

I think I've been successful advising a relative to move from Edward Jones to Vanguard, however.... their computer/internet skills are poor at best. Computer security... forget it. This person is mid-age and has full cognitive abilities... however computer usage is limited to email and facebook whi...
by burt
Fri Oct 13, 2017 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Does Vanguard make sense without a computer ?
Replies: 22
Views: 2606

Re: Does Vanguard make sense without a computer ?

Thank-you to all those who responded. Good to hear there are Bogleheads who still use telephone and US Postal. I am going to recommend the same to my relative who is moving from Edward Jones to Vanguard. Yes, computer security was a big concern for people who are not computer savy. This is a small t...
by burt
Thu Oct 12, 2017 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: Does Vanguard make sense without a computer ?
Replies: 22
Views: 2606

Does Vanguard make sense without a computer ?

I think I've been successful advising a relative to move from Edward Jones to Vanguard, however.... their computer/internet skills are poor at best. Computer security... forget it. This person is mid-age and has full cognitive abilities... however computer usage is limited to email and facebook whic...
by burt
Sun Oct 08, 2017 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 11021

Re: Third time in my 32 year career I have been laid off

Sorry for the news. Oh golly. Only on Bogleheads would a single person with close to $2.7M be told that's not enough to retire. I'd sell the two properties, move to a lower cost of living area and rent. Consult when you want. Enjoy life. Yes you might owe some tax on the sale of the rental so perha...
by burt
Mon Oct 02, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Would you take a pay cut to work from home?
Replies: 67
Views: 6137

Re: Would you take a pay cut to work from home?

When leading a team 2 years ago.... Half of the team was located 11 hours (time zones) away. We were told that computer communication tools would make this a seamless team. The other half of the team was located in the same building on different floors. We were told that everyone had to be on the sa...
by burt
Sun Oct 01, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Would you take a pay cut to work from home?
Replies: 67
Views: 6137

Re: Would you take a pay cut to work from home?

Thanks to the OP and all of those who replied.
You reinforced my decision to retire.
We are not immortal.

burt
by burt
Sun Oct 01, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 124
Views: 17495

Re: My boneheaded financial mistakes

Didn't save a dime my first 6 years out of school. Started with a Fortune 10 company, great pension, great medical, didn't need to save....or so I thought. Not sure where I spent the money not saved. Apparently that money didn't create everlasting memories. An extra $100,000 (today's dollars) would ...
by burt
Fri Sep 29, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 16447

Re: Bay Area Real Estate

I have experienced a mass layoff in a one company town.
No job, and the house lost 25% value within 4 weeks.
A house can be a damn heavy anchor.

Apply the above to a one "industry" city on the west coast and multiply impact x 10.
Too much risk for me.

burt
by burt
Sat Sep 23, 2017 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 112
Views: 9516

Re: Age you retired

Retired at age 60.
Not busy....... and that's the way I like it.

burt
by burt
Fri Sep 22, 2017 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 27638

Re: Calling out the not so rich bogleheads

Not so rich, that's me. Just an average engineer working for Megacorps for 40 years. Thank goodness for a 25 year pension and retiree medical or I couldn't retiree at age 60. Retired and moved back "home" to a low cost of living area. Mortgage is less than my association fees in the big city. No tra...
by burt
Fri Sep 22, 2017 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 112
Views: 9516

Re: Age you retired

Retired age 60 from Megacorp in 2015.
Missed my target of age 58 mostly because I got smarter from reading Bogleheads.
Feel sorry for the retired guy across the street washing his siding with a sponge at 6:30 in the morning.
I don't have that problem....

burt