Search found 629 matches

by burt
Fri Apr 20, 2018 5:18 am
Forum: Investing - Help with Personal Investments
Topic: Grandparents requested our help to manage $300K
Replies: 21
Views: 2325

Re: Grandparents requested our help to manage $300K

Just a little bit more info, thanks for the responses thus far. The grandparents have other investment vehicles where they do not feel they need to touch this money (the specifics I don't know, we haven't asked). They want this money specifically geared towards inheritance for siblings and grand si...
by burt
Sun Apr 08, 2018 5:55 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 11368

Re: What is your AA, given your age? and, Why?

Age 62, retired.
30/70 stock/bond
Yes, conservative.
I'm not young, I'm not rich... I just want to maintain my modest but comfortable standard of living.

burt
by burt
Sun Apr 01, 2018 5:35 am
Forum: Investing - Help with Personal Investments
Topic: Customer Service with Vanguard
Replies: 46
Views: 3535

Re: Customer Service with Vanguard

I've been a satisfied Vanguard customer for 20+ years. Over this period of time I have done 401k rollovers, agent authorization for my Mothers accounts, and transferred my Mothers assets to Vanguard. More recently I have helped siblings with inherited Vanguard funds and helping them to move funds to...
by burt
Wed Mar 28, 2018 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Grass is always greener, federal edition
Replies: 59
Views: 6447

Re: Grass is always greener, federal edition

The grass is always greener until a drought hits and the grass dies.
Job stability is a big factor, especially with a family. (speaking from experience)

I would stay put.

burt
by burt
Fri Mar 23, 2018 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Leaving Edward Jones...Why is Vanguard and Fidelity Always the Recommendation?
Replies: 48
Views: 6057

Re: Leaving Edward Jones...Why is Vanguard and Fidelity Always the Recommendation?

It doesn't matter much whether you go with Vanguard, Fidelity, Schwab, Dodge and Cox.

The important things:
- Leave Edward Jones.
- Invest in index funds (or balanced funds containing index funds)
- Don't worry about fees to leave Edward Jones... small potatoes.
- Just Do It.

burt
by burt
Tue Mar 20, 2018 5:35 am
Forum: Personal Finance (Not Investing)
Topic: If you thought you were going to get laid off wwyd? [What would you do]
Replies: 32
Views: 2750

Re: If you thought you were going to get laid off wwyd?

Start looking now. Build up a good size cash reserve. When I was in a similar situation I thought ... look for a job now or wait for the bag of money (severance) and look for a job. I found it to be stressful being unemployed and looking for a job. The clock is ticking. Savings are being spent. I ce...
by burt
Sun Mar 18, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement - Fear of the Unknown
Replies: 34
Views: 3627

Re: Retirement - Fear of the Unknown

You are going to retire at some point... guaranteed.
Best to retire on your terms and your choice... if possible.
Best to retire at the top of your game... if possible.

burt
by burt
Sun Mar 18, 2018 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services Fees
Replies: 49
Views: 4284

Re: Vanguard Personal Advisory Services Fees

I'd recommend a single-fund portfolio of one of the Life Strategy funds or one of the Target Retirement funds with instructions to not change or do anything on your demise. Vanguard will figure out any required minimum distributions at no cost and with only one fund, there's only one fund to take i...
by burt
Sat Mar 17, 2018 6:25 am
Forum: Personal Consumer Issues
Topic: unlocked phone on verizon
Replies: 8
Views: 606

Re: unlocked phone on verizon

I bought an unlocked Moto G4 for use on the Verizon network.
The phone works well in the US, but is not supported for Verizon international call plans.
This is a real pain with frequent trips to Canada.

burt
by burt
Thu Mar 15, 2018 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 12414

Re: Need advice re: Liberal Arts Colleges...

When I was in the workforce leading a team, I was also responsible for the deliverables of that team. I would rather take a high school kid with a good attitude and the ability to learn v.s. a degreed person with a bad attitude. Nothing wrong with a LA degree. In fact I would rather have a person wh...
by burt
Thu Mar 08, 2018 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: Ok fellow bogleheads, was the correction scary or nothing?
Replies: 147
Views: 10474

Re: Ok fellow boggelheads, was the correction earlier this year scary?

Actually, that WAS 2008. A recession is when a lot of people are losing their jobs. A depression is when you lost your job, too. Even during a recession, many people are facing their own private depressions. If you were working at a dot com in the late 1990's, that also described the tech crash. I ...
by burt
Sat Mar 03, 2018 7:29 pm
Forum: Investing - Theory, News & General
Topic: "Making a Difference" by Jonathan Clements
Replies: 29
Views: 3393

Re: "Making a Difference" by Jonathan Clements

Great article. The topic which hit me is ..... "I try to eliminate activities from my day that bring little pleasure and have no purpose. I think hard before acquiring new possessions, because I know many will turn into a burden, as they require maintenance and repairs." Possessions are a real burde...
by burt
Sat Mar 03, 2018 7:44 am
Forum: Personal Consumer Issues
Topic: Heads up: Moto G5 Plus 32 Unlocked phone at Costco $179
Replies: 34
Views: 3999

Re: Heads up: Moto G5 Plus 32 Unlocked phone at Costco $179

Be careful of unlocked phones on the Verizon network.
We have a couple of unlocked Moto G4's.
They work fine in the US, but do not work with the Verizon International plans.

burt
by burt
Fri Mar 02, 2018 6:09 am
Forum: Investing - Help with Personal Investments
Topic: How to Avoid Selling Depreciated Stocks When Retired
Replies: 48
Views: 2444

Re: How to Avoid Selling Depreciated Stocks When Retired

OP here... If I had a portfolio of 50/30/20 stocks/bonds/cash and the stock market crashed 50%..... AND I wanted to maintain my asset allocation (don't market time)... I'm pretty sure I would have to sell some depreciated stocks. burt, I don't understand why that would be the case. Are you withdraw...
by burt
Thu Mar 01, 2018 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: How to Avoid Selling Depreciated Stocks When Retired
Replies: 48
Views: 2444

Re: How to Avoid Selling Depreciated Stocks When Retired

What is the problem? With more realistic withdrawal rate of 4%, a more realistic example for 50%/50% stocks/bonds is Start with $50K in stock fund, $50K in bond fund. Market drops 50%, maybe $25K stock fund, $47K bond fund? Withdraw $4K from bond fund: $25K in stock fund, $43K in bond fund. Re-bala...
by burt
Thu Mar 01, 2018 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: How to Avoid Selling Depreciated Stocks When Retired
Replies: 48
Views: 2444

Re: How to Avoid Selling Depreciated Stocks When Retired

OP here... If I had a portfolio of 50/30/20 stocks/bonds/cash and the stock market crashed 50%..... AND I wanted to maintain my asset allocation (don't market time)... I'm pretty sure I would have to sell some depreciated stocks. burt, I don't understand why that would be the case. Are you withdraw...
by burt
Thu Mar 01, 2018 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: How to Avoid Selling Depreciated Stocks When Retired
Replies: 48
Views: 2444

Re: How to Avoid Selling Depreciated Stocks When Retired

dbr, Thanks for your comments. The sentence that stuck in my mind was.... " Note that if you hold stocks at all there is nothing you can do to avoid selling from a depreciated portfolio when stocks are down other than to stop withdrawing." burt Yes, but you can avoid selling the stocks themselves i...
by burt
Thu Mar 01, 2018 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: How to Avoid Selling Depreciated Stocks When Retired
Replies: 48
Views: 2444

Re: How to Avoid Selling Depreciated Stocks When Retired

A question I’ve been pondering for a while. Consider someone in retirement and pulling funds from a balanced fund (Life Strategy, Target Retirement, etc), to meet expenses. Say the stock market declines 50%. Aren’t you forced into selling some depreciated stocks to meet expenses? On the other hand ...
by burt
Thu Mar 01, 2018 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: How to Avoid Selling Depreciated Stocks When Retired
Replies: 48
Views: 2444

Re: How to Avoid Selling Depreciated Stocks When Retired

Selling a balanced fund that is down does mean locking in a loss, but on the bright side, because it is continuously rebalanced you've been benefiting from the rebalancing free lunch the whole time you've held the fund, even when it was on autopilot and you weren't making withdrawals. While it's ni...
by burt
Thu Mar 01, 2018 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: How to Avoid Selling Depreciated Stocks When Retired
Replies: 48
Views: 2444

Re: How to Avoid Selling Depreciated Stocks When Retired

Burt, Remember a balanced fund is continuously re-balanced. That's why it's called a "balanced" fund. As stocks in the fund lose value, more are bought by the fund to keep the stock/bond ratio in balance. So, yes, when you then sell the fund you are selling deprecated stocks, but you now have more ...
by burt
Thu Mar 01, 2018 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: How to Avoid Selling Depreciated Stocks When Retired
Replies: 48
Views: 2444

Re: How to Avoid Selling Depreciated Stocks When Retired

I read on Bogleheads.org that one doesn't have to sell depreciated stocks as long as one is just spending their dividends. As already noted, it is unlikely that the fund manager of a balanced fund is selling depreciated stocks when clients redeem shares (unless the manager is tax-loss harvesting or...
by burt
Thu Mar 01, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: How to Avoid Selling Depreciated Stocks When Retired
Replies: 48
Views: 2444

Re: How to Avoid Selling Depreciated Stocks When Retired

Once I start taking RMDs, I will take them from the short term bond fund & rebalance as needed. Taking from bonds and then immediately rebalancing is the same as taking proportionally from stocks and bonds. If the market crashes and one immediately withdraws and spends bonds to rebalance, that is t...
by burt
Thu Mar 01, 2018 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: How to Avoid Selling Depreciated Stocks When Retired
Replies: 48
Views: 2444

Re: How to Avoid Selling Depreciated Stocks When Retired

If you had sufficient cash cushion, your gains prior to the crash would have been lower and you'd have been worse off in the event of a jump in inflation. Sequence of returns risk can't be wished away, nor even mitigated without introducing risk or reducing reward somewhere else. You could sharply ...
by burt
Thu Mar 01, 2018 7:12 am
Forum: Investing - Help with Personal Investments
Topic: How to Avoid Selling Depreciated Stocks When Retired
Replies: 48
Views: 2444

How to Avoid Selling Depreciated Stocks When Retired

A question I’ve been pondering for a while. Consider someone in retirement and pulling funds from a balanced fund (Life Strategy, Target Retirement, etc), to meet expenses. Say the stock market declines 50%. Aren’t you forced into selling some depreciated stocks to meet expenses? On the other hand i...
by burt
Wed Feb 28, 2018 7:54 am
Forum: Investing - Help with Personal Investments
Topic: Leaving EJ- can i pull this off?
Replies: 38
Views: 2946

Re: Leaving EJ- can i pull this off?

I wouldn't worry about trade fees, that's small potatoes.
The elephant in the room is high expense funds located with a high fee advisor.

burt
by burt
Sun Feb 25, 2018 6:06 pm
Forum: Investing - Theory, News & General
Topic: how did you determine your risk tolerance?
Replies: 138
Views: 7816

Re: how did you determine your risk tolerance?

I've came to the conclusion that reporting stock/bond/cash allocation is meaningless without knowing the circumstances. - Young or Old - Rich or poor (or somewhere inbetween) - Fat pension or not - 15X expenses saved or 50X expenses saved. - Expecting a fat inheritance or a loan to pay funeral expen...
by burt
Sun Feb 25, 2018 3:38 pm
Forum: Investing - Theory, News & General
Topic: how did you determine your risk tolerance?
Replies: 138
Views: 7816

Re: how did you determine your risk tolerance?

When the consequences of failure far outweigh the benefits of success.
Occam's Razor ?

burt
by burt
Sat Feb 24, 2018 6:12 pm
Forum: Investing - Theory, News & General
Topic: how did you determine your risk tolerance?
Replies: 138
Views: 7816

Re: how did you determine your risk tolerance?

Wait until you also get a lay off notice, stock market is down by a large percentage, it might take you years to find full employment, or maybe never. Your emergency fund is also gone and you have to pay COBRA or the like for health insurance. +1 Don't forget to add an upside down mortgage and two ...
by burt
Sat Feb 24, 2018 7:36 am
Forum: Investing - Theory, News & General
Topic: how did you determine your risk tolerance?
Replies: 138
Views: 7816

Re: how did you determine your risk tolerance?

Wait until you also get a lay off notice, stock market is down by a large percentage, it might take you years to find full employment, or maybe never. Your emergency fund is also gone and you have to pay COBRA or the like for health insurance. +1 Don't forget to add an upside down mortgage and two ...
by burt
Thu Feb 22, 2018 7:18 am
Forum: Personal Consumer Issues
Topic: Bogleheads with $100K+ MSRP cars?
Replies: 113
Views: 13113

Re: Bogleheads with $100K+ MSRP cars?

I have two, a Tesla and a Range Rover. My justification is I spend less on cars as a % of my income than 95% of Americans who own cars. Interesting thought experiment. So I got to thinking about the worlds uber wealthy with a net worth of $50 billion. 4% SWR = $2 billion/year income. A private Boei...
by burt
Tue Feb 20, 2018 7:02 pm
Forum: Investing - Theory, News & General
Topic: Vanguard LifeStrategy Funds vs. Target Date Funds
Replies: 67
Views: 6811

Re: Vanguard LifeStrategy Funds vs. Target Date Funds

William Bernstein
"The Retirement Calculator from Hell"

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

Most people (Bogleheads excluded) do not have the ability to take risk.

burt
by burt
Tue Feb 20, 2018 7:52 am
Forum: Investing - Help with Personal Investments
Topic: Transferring from Financial Advisor
Replies: 12
Views: 1367

Re: Transferring from Financial Advisor

And it's even worse than just the $13k/year. That's $13k/year you aren't having reinvested into your portfolio. Let's say your ~$1.3M earns a return of 6% for the next 20 years. That's $4.17M you end up with. If your Financial Advisor trims 1% of that annually, you end up with $3.45M. They'd better...
by burt
Mon Feb 19, 2018 6:47 pm
Forum: Investing - Theory, News & General
Topic: Vanguard LifeStrategy Funds vs. Target Date Funds
Replies: 67
Views: 6811

Re: Vanguard LifeStrategy Funds vs. Target Date Funds

I know people who's retirement plan is to work as long as they can because they have inadequate savings at age 60. Maybe, just maybe... they can work till age 70 with 20 years remaining. The $200,000 they somehow managed to save over 40 years can not be risked. Period. These people do not have the ...
by burt
Mon Feb 19, 2018 6:06 pm
Forum: Investing - Theory, News & General
Topic: Vanguard LifeStrategy Funds vs. Target Date Funds
Replies: 67
Views: 6811

Re: Vanguard LifeStrategy Funds vs. Target Date Funds

One other thing. About the VG target retirement income fund. The stocks/bonds ratio is only 30/70 and the Javier Estrada study showed that 30/70 (and below) had a high failure rate (12.8% for 30/70) and that 40/60 and above had low failure rates (3.5% and below). So, I don't use the VG income fund ...
by burt
Sun Feb 18, 2018 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement investment advice for parent
Replies: 10
Views: 1081

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: 557
Views: 61966

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: 67
Views: 6811

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: 638

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: 2064

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: 4276

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: 1371

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: 6086

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: 557
Views: 61966

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: 557
Views: 61966

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: 89
Views: 6836

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: 6798

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: 2386

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: 1225

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: 10503

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: 2916

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....