Search found 571 matches

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: 6756

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: 5941

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: 67
Views: 3408

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: 6756

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: 4539

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: 5164

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: 48
Views: 4203

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: 847

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: 5835

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: 7730

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: 478

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: 478

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: 15408

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: 9218

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: 2466

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: 2466

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: 2466

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: 2466

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: 10539

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: 5762

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: 5762

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: 77
Views: 10213

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: 15346

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: 8893

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: 26478

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: 8893

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
by burt
Thu Sep 14, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Customer Service
Replies: 301
Views: 33679

Re: Vanguard Customer Service

Over the past few months I've finally convinced my relative to move from Edward Jones to Vanguard. It was a tough sell. Now I'm reading this thread about poor customer service at Vanguard. If the phone call to Vanguard doesn't go smooth, I'm afraid my relative will stop the transfer process. I offe...
by burt
Thu Sep 14, 2017 5:28 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Customer Service
Replies: 301
Views: 33679

Re: Vanguard Customer Service

Over the past few months I've finally convinced my relative to move from Edward Jones to Vanguard. It was a tough sell. Now I'm reading this thread about poor customer service at Vanguard. If the phone call to Vanguard doesn't go smooth, I'm afraid my relative will stop the transfer process. I offer...
by burt
Sun Sep 10, 2017 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: New Mobile Phone number - Now hounded by Collection Agencies
Replies: 38
Views: 3487

Re: New Mobile Phone number - Now hounded by Collection Agencies

Thank-you for your responses and suggestions.
Think we may try to stick it out for a couple months to see if harassing calls reduce, before changing phone number.

"Technology is great, until it isn't." - burt

burt
by burt
Fri Sep 08, 2017 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: New Mobile Phone number - Now hounded by Collection Agencies
Replies: 38
Views: 3487

New Mobile Phone number - Now hounded by Collection Agencies

Recently retired and moved back to home state. Our old mobile provider had poor reception so we signed up with a new mobile provider. We wanted our phone numbers to reflect our new location so both of us got new mobile phone numbers. My new mobile number is good, however my wife is constantly gettin...
by burt
Sun Sep 03, 2017 5:06 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Speaks Softly but Carries a Big Stick
Replies: 29
Views: 3550

Vanguard-An open letter to directors of public companies worldwide

[Thread merged into here, see below. --admin LadyGeek] As a shareholder I totally support Vanguards position on: 1) Corporate Board of Directors 2)Governance structures 3)Appropriate compensation 4)Risk oversight https://about.vanguard.com/investment-stewardship/governance-letter-to-companies.pdf A...
by burt
Sun Sep 03, 2017 5:53 am
Forum: Investing - Theory, News & General
Topic: Vanguard Speaks Softly but Carries a Big Stick
Replies: 29
Views: 3550

Re: Vanguard Speaks Softly but Carries a Big Stick

What if Exxon wants to invest in, say, fracking because it believes its long term value for its shareholders, but political action committee at VG blocks it in the name of climate change? Floodgates for active hands on management and political interference have now been opened. You can't not do any...
by burt
Thu Aug 24, 2017 7:07 am
Forum: Investing - Help with Personal Investments
Topic: Adjusting AA as retirement nears
Replies: 64
Views: 7333

Re: Adjusting AA as retirement nears

These two articles have been a great help when I started retirement: The Center of Gravity for Retirees by Rick Ferri https://www.forbes.com/sites/rickferri/2015/02/06/the-center-of-gravity-for-retirees/#1bcf646d5dae and How to Tell if Your Retirement Nest Egg Is Big Enough by William J. Bernstein ...
by burt
Tue Aug 22, 2017 6:30 am
Forum: Investing - Help with Personal Investments
Topic: Adjusting AA as retirement nears
Replies: 64
Views: 7333

Re: Adjusting AA as retirement nears

I note that Vanguard's Target Retirement funds go to 50/50 at their target date and then glide to 30/70 over the following seven years (other company's TR funds are similar). I think 30/70 is a fine asset allocation for retirement. People talk about average returns and leaving money on the table, a...
by burt
Thu Aug 17, 2017 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: ObamaCare 2018
Replies: 74
Views: 9340

Re: ObamaCare 2018

This thread is absolutely terrifying. I am so thankful for my company retiree medical insurance.....until it goes away. Never thought I would look forward to age 65. Actionable item: If my retiree medical insurance went away, I guess I would buy a used Buick and commute to whoever had group medical ...
by burt
Thu Aug 17, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 138
Views: 11383

Re: Anyone planning on never retiring?

I wanted to retire at the top of my game. I think I did that... in my mind.
Didn't want someone else to tell me when my talents were sub-standard.
Call it ego, I guess.

burt
by burt
Thu Aug 17, 2017 6:51 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones to Vanguard Transfer
Replies: 6
Views: 919

Re: Edward Jones to Vanguard Transfer

If it's in a taxable account, it should be a tad more time efficient for you to sell the funds, get EJ to ACH you the money (if you get a call from their adviser, tell them you're buying a nice Mercedes or a house or something)... I agree. I just want to point out that it can be hard for some peopl...
by burt
Fri Jul 28, 2017 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: 100% Stock Portfolio For Late Starter?
Replies: 35
Views: 3129

Re: 100% Stock Portfolio For Late Starter?

Let’s say you're 40 yrs. old and a first time investor with a 25 year time horizon to retire. You don't mind volatility and want to be 100% stocks for the rest of your life. You also keep a significant cash reserve (18 months to 2 years savings) in cash equivalents. What are your thoughts on this? ...
by burt
Fri Jul 28, 2017 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: How to transfer out of vanguard?
Replies: 29
Views: 3337

Re: How to transfer out of vanguard?

I had a incident with my funds at vanguard that has made me loose all trust in them.... A different story in itself... But... How does one transfer funds from vanguard to say fidelity? I have a ira, roth, and a old 401k. Thanks, James Are you sure it's Vanguard's fault ? 20 years with Vanguard and ...
by burt
Wed Jul 19, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: When to stop being "concerned"
Replies: 27
Views: 5774

Re: When to stop being "concerned"

Why would I be concerned about stocks going on a massive sale? :D 100/0 If you are in the withdrawal phase rather than the accumulation phase, your perspective changes. +1 If retired and having 100x expenses in savings, I wouldn't worry about a 50% drop in stocks lasting 20 years. The worse that co...
by burt
Sat Jun 24, 2017 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 42658

Re: Regret early retirement/downsizing

From browsing this thread it seems like those who liked their work have a much tougher time adjusting to retirement than those who dreaded their work. For me... having the pain go away is satisfaction enough. (yes I know, I should have been making pizzas in a hippy community for the past 40 years.) ...
by burt
Fri Jun 23, 2017 6:08 pm
Forum: Personal Consumer Issues
Topic: Check engine light. Toyota Avalon 2006, 155K miles [safety issue?]
Replies: 66
Views: 6462

Re: Check engine light. Toyota Avalon 2006, 155K miles [safety issue?]

I love my 2010 Avalon, and will replace with another.
Advice: just take it to a reputable dealer/garage and get it checked out.

burt
by burt
Sun Jun 11, 2017 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 42658

Re: Regret early retirement/downsizing

Retired at 60, 1.5 years ago. I think people overthink retirement. It's amazing how much effort (life energy) is required to put food on the table and a roof over your head. All of a sudden at age 61 I'm supposed to find purpose ?? It's a little late for that. I help my neighbors, friends and relati...
by burt
Wed May 31, 2017 6:43 am
Forum: Investing - Help with Personal Investments
Topic: Is anyone here allocated 30/70 a la Rick Ferri's "new center of gravity?"
Replies: 35
Views: 5979

Re: Is anyone here allocated 30/70 a la Rick Ferri's "new center of gravity?"

Age 61/60. Retired 1.5 years. SWR a little less than 4%. No heirs.
Plan on taking SS at FRA age 66.
25 year company pension.
30/70 stock/bond allocation.
No need to take risk... with limited ability to take risk.

burt
by burt
Thu May 25, 2017 6:22 am
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 114
Views: 17341

Re: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)

Regarding taking SS at age 62 or delaying until age 70. I think I may pick door #3. Delay SS until FRA (Full Retirement Age) at age 66 and enjoy the extra $700/month. edit: And who knows, maybe I want to do part time work before FRA at age 66. I most certainly would want to avoid the steep penalty f...
by burt
Sun May 21, 2017 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Question for you high net worth individuals... [real estate investments]
Replies: 82
Views: 12232

Re: Question for you high net worth individuals...

I think the way you make money on real estate is to hold it for decades. My dad bought his house in 1952 for $22,000 and sold it in 2004 for $1,600,000. After my uncle and aunt passed away, their son remarked that the house sold for $2500 over the original purchase price in 1953. This is in a rust ...
by burt
Sun May 21, 2017 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 22346

Re: Buying a luxury car (how dumb would it be to do this?)

Ohhh hell, go for it.
I guess a luxury car is better than gambling, drugs, or short term expensive relationships. :wink:

burt
by burt
Thu May 18, 2017 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Why 20% House Down Payment?
Replies: 14
Views: 2254

Re: Why 20% House Down Payment?

Just wondering.....
Who is lending money on a house with less than 20% down?
Seems like I've seen this before.......

burt
by burt
Wed May 17, 2017 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 8410

Re: Anyone else agree with my logic on silicon valley housing?

Your logic is correct. When the music stops, someone is going to get burnt. Those most likely to get burnt are a young couple where both are educated having a family income between $200,000 and $400,000.
Just my opinion.

https://www.youtube.com/watch?v=SBjXUBMkkE8


burt