Search found 70 matches

by chinto
Thu May 25, 2017 1:23 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Customer Service
Replies: 233
Views: 23373

Re: Vanguard Customer Service

Just a thought, but... My experience with Vanguard's ability to accurately answer 401K plan questions, read the questions posed and respond to the questions asked was decisively negative. The key in the above is "my experience" relative to other firms, aka Fidelity, Schwab and Scottrade am...
by chinto
Tue May 23, 2017 11:44 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity and their "free advisor" service?
Replies: 32
Views: 2257

Re: Fidelity and their "free advisor" service?

These threads fascinate me. I am a Fidelity customer and have a couple levels of complimentary advisory service from them. I have had only positive interactions. they have yet to try and steer me form my mostly index approach. When I set up the transfer of the woman's account they did not bat any ey...
by chinto
Sun May 21, 2017 2:35 pm
Forum: Investing - Theory, News & General
Topic: What % of your income have you converted to wealth?
Replies: 133
Views: 15926

Re: How many Bogleheads have investment assets that exceed their cumulative lifetime earned income?

Since a few of you asked, it is not important it is just a matter of curiosity. I have seen a lot of threads about how long it takes to sock away your first million or how long it takes to go from one million till two...etc, but I never have seen threads about lifetime earned income verses savings a...
by chinto
Sat May 20, 2017 10:00 pm
Forum: Investing - Theory, News & General
Topic: What % of your income have you converted to wealth?
Replies: 133
Views: 15926

Re: How many Bogleheads have investment assets that exceed their cumulative lifetime earned income?

For exampleI am trying to eliminate equity in a personal residence unless you purchased your personal residence as an investment. For instance my home is paid for, but I am to including it in my total of investment assets. So you call it an investment and it counts, but if you don't it doesn't. See...
by chinto
Sat May 20, 2017 9:40 pm
Forum: Investing - Theory, News & General
Topic: What % of your income have you converted to wealth?
Replies: 133
Views: 15926

How many Bogleheads have investment assets that exceed their cumulative lifetime earned income?

[Thread merged into here, see below. --admin LadyGeek] So I was doing some personal financial work and noted something...and wonder how common it is. So here is the question: How many Bogleheads have investment assets that exceed their cumulative lifetime earned income? If you are married your answ...
by chinto
Sat May 20, 2017 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: I'm having a freak-out moment (portfolio question)
Replies: 24
Views: 2354

Re: I'm having a freak-out moment (portfolio question)

One more comment. You are only 20 years from being 70 and at some point buying and selling individual stocks may be difficult or impossible for you as you age. You really need to start transitioning to simpler portfolios long before you reached that point. Awesome comment. I have been on the simpli...
by chinto
Fri May 19, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: have you accepted a lower cost lifestyle to retire early?
Replies: 71
Views: 8734

Re: have you accepted a lower cost lifestyle to retire early?

No kids, you want adventure, why not retire now and simply blow the U.S.? You can live like a king and queen in another country. You are young and healthy so the healthcare in those countries should suffice for a long time. Why not globe trot a bit. 6 months or a year here and there and see the worl...
by chinto
Fri May 19, 2017 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: I'm having a freak-out moment (portfolio question)
Replies: 24
Views: 2354

Re: I'm having a freak-out moment (portfolio question)

I am not sure I understand your issue. Is it that you think you should be troubled by people whom you do not know and whom likely live dramatically different lives have different financial situations? If that is the case that is more of a psychological thing than a financial issue. It sounds like yo...
by chinto
Fri May 19, 2017 7:32 pm
Forum: Investing - Theory, News & General
Topic: "Why Value Stocks Have Disappointed"
Replies: 39
Views: 4540

Re: "Why Value Stocks Have Disappointed"

I am reminded of the Dilbert strip where the point haired boss said, "Employees are our most valuable asset, lay some off and the stock price goes up." Yes, corporations have higher profit margins but this has been caused by the great squeeze: squeeze your suppliers, squeeze your customer...
by chinto
Fri May 19, 2017 7:22 pm
Forum: Investing - Theory, News & General
Topic: Interesting conversation with an alleged SS actuary
Replies: 63
Views: 4613

Interesting conversation with an alleged SS actuary

I recently had an interesting conversation with someone who purported to be a retired SS Administration actuary. Drum roll: What he stated was while the individual may be able to divine their longevity and benefit from delaying taking social security payments, it is, from an actuarial standpoint ben...
by chinto
Fri May 19, 2017 6:53 pm
Forum: Investing - Theory, News & General
Topic: "the Truth About Your Future" - Ric Edelman's new book
Replies: 27
Views: 5475

Re: "the Truth About Your Future" - Ric Edelman's new book

One thing I look at when reading a book is the author's background and how it fits the topic they are writing about. Another thing I look at is the press people have. There is more than one financial radio maven that spends an extraordinary amount of time an money having Internet postings and forums...
by chinto
Sun May 14, 2017 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Forgoing Better Job just to Vest in 401k
Replies: 14
Views: 1081

Re: Forgoing Better Job just to Vest in 401k

A consulting firm? Hmmm...I have done consulting work for over 20 some years. Are you going to be consulting or a captive in house employee doing non-consulting related work? If you are to be consulting are you familiar with the life-style? When I hear that a 1 hour commute is bothering you and a co...
by chinto
Sun May 14, 2017 11:26 am
Forum: Personal Consumer Issues
Topic: Best cities for older tech workers?
Replies: 51
Views: 4073

Re: Best cities for older tech workers?

I remember when New York was a really ugly city to visit-- late 80s and early 90s. But, even then, although it was unpleasant, it wasn't extremely unsafe unless you went to places where, as a tourist, you were unlikely to go. FWIW Chicago was not a pretty place in the early 80s, either. Street crim...
by chinto
Sat May 13, 2017 9:57 pm
Forum: Personal Consumer Issues
Topic: Best cities for older tech workers?
Replies: 51
Views: 4073

Re: Best cities for older tech workers?

Although several have mentioned it, I'll just reinforce the notion, avoid Chicago and IL in general unless you can land a Govie job. The city of Chicago and the State as a whole is in a financial meltdown. Those with the means to do so are fleeing for a reason. Chicago is actually very high on my l...
by chinto
Sat May 13, 2017 9:49 pm
Forum: Personal Consumer Issues
Topic: Best cities for older tech workers?
Replies: 51
Views: 4073

Re: Best cities for older tech workers?

Chicago doesn't come to mind in my future plans. Murder capital of the USA? check Terrible weather? check I'll be an older tech worker myself pretty soon and Texas is at the top of my list. Actually Chicago is something like #14 for US cities by murder rate https://en.wikipedia.org/wiki/List_of_Uni...
by chinto
Sat May 13, 2017 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: I'm hoping I didn't quit too soon
Replies: 8
Views: 2590

Re: I'm hoping I didn't quit too soon

If you haven't already, roll them into one traditional IRA (tIRA) at Fidelity or Vanguard for cost savings and for the simplicity of managing what is within them. The comments I'll add is you may wish to carefully weight out the difference in various forms of creditor protection. There is a substan...
by chinto
Sat May 13, 2017 3:59 am
Forum: Personal Consumer Issues
Topic: Best cities for older tech workers?
Replies: 51
Views: 4073

Re: Best cities for older tech workers?

Although several have mentioned it, I'll just reinforce the notion, avoid Chicago and IL in general unless you can land a Govie job. The city of Chicago and the State as a whole is in a financial meltdown. Those with the means to do so are fleeing for a reason. A few links are below to give you a fl...
by chinto
Sat May 13, 2017 2:31 am
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18032

Re: Why save so much for when you're old?

I would have thought being able to start college at 14 puts your son in a the top 0.000001 % of the students in the universe :-) To put it another way, it is impossible for OP to emulate your son or for that matter almost any body else to emulate your son. I never suggested he emulate my son. The O...
by chinto
Sat May 13, 2017 2:05 am
Forum: Investing - Theory, News & General
Topic: Fidelity portfolio advisory services
Replies: 25
Views: 2021

Re: Fidelity portfolio advisory services

This thread is interesting. Overall I like Fidelity. I find it interesting they never try and sell me anything or push me into anything which is in contrast to what many others apparently. That being said, Fidelity has a pretty good Four-in-one fund. It is a one fund, instant portfolio. You might wa...
by chinto
Sat May 13, 2017 1:44 am
Forum: Investing - Help with Personal Investments
Topic: Need help on choosing Dividend Index Fund
Replies: 9
Views: 1026

Re: Need help on choosing Dividend Index Fund

I use: DGRO (ISHARES CORE DIVIDEND GROWTH) BlackRock, Inc. / iShares Core Net Expense ratio .08% Distribution Yield (TTM)2.14% DGRO's Prospectus Stated Objectives The investment seeks to track the investment results of the MorningstarĀ® US Dividend Growth IndexSM. The fund generally will invest at le...
by chinto
Thu May 11, 2017 12:21 am
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18032

Re: Why save so much for when you're old?

To the father of the 22 yr old who's becoming a FCAS and already earning a six figure salary, that's really, really impressive. He sat for the FCAS last Friday. Now we wait to see if he passed. Pins and needles time. He did well. Passed all exams the first time. The reason he is so advanced in the ...
by chinto
Wed May 10, 2017 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement planning, reducing taxes
Replies: 10
Views: 1337

Re: Help with Retirement planning, reducing taxes

In addition, if you invest in equities in your 401K plan you are effectively taking assets that should be taxed as long term capital gains and paying ordinary income tax rates on it. So the potential step down in tax bracket at retirement pretty much put you back to where you would be if you had ju...
by chinto
Wed May 10, 2017 11:39 pm
Forum: Investing - Theory, News & General
Topic: LMP-1: P&I article on corporate & public pension plans
Replies: 60
Views: 4295

Re: LMP-1: P&I article on corporate & public pension plans

learning_head wrote:
grok87 wrote: (e.g. today we have only 1 COLA SPIA provider)


For the uninitiated would you mind naming that provider?

Thank you.
by chinto
Wed May 10, 2017 10:58 pm
Forum: Investing - Theory, News & General
Topic: LMP-1: P&I article on corporate & public pension plans
Replies: 60
Views: 4295

Re: LMP-1: P&I article on corporate & public pension plans

Doc wrote:If a corporate pension plan needs added contributions the company will put in more money to keep it solvent. The public pension plan is more likely to cut benefits. Employee's morale vs taxpayers rath.

:P
Clearly you have not heard of Illinois - LOL. Just sayin'.
by chinto
Mon May 08, 2017 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement planning, reducing taxes
Replies: 10
Views: 1337

Re: Help with Retirement planning, reducing taxes

Why are you using a Roth 401k? Very very hard to believe traditional would not be significantly better than Roth in your circumstance of being in very high tax bracket now. ...however you can effectively put away more in a ROTH 401K option vs a Traditional 401K. In the OP's case the lack of a state...
by chinto
Mon May 08, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Dividends & Taxes in (taxable account) Index Fund
Replies: 12
Views: 1490

Re: Dividends & Taxes in (taxable account) Index Fund

I responded that way because your suggestion to the OP implies that being able to open multiple taxable accounts is an important consideration in choosing a broker. I don't believe it is, and strongly so. At Fidelity neither gifting nor beneficiary setup requires multiple accounts. You can set up a...
by chinto
Sun May 07, 2017 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Dividends & Taxes in (taxable account) Index Fund
Replies: 12
Views: 1490

Re: Dividends & Taxes in (taxable account) Index Fund

Honestly? 10 accounts, just so you don't have to go online at Fidelity, select a tax lot to sell, and pull the trigger? So now you get 10 1099-DIVs vs. one? You think that's easier at tax time? You and I have vastly different ideas of what is difficult and what is "clean". One can choose ...
by chinto
Sun May 07, 2017 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Dividends & Taxes in (taxable account) Index Fund
Replies: 12
Views: 1490

Re: Dividends & Taxes in (taxable account) Index Fund

My advice, choose an ETF over a mutual fund, as in general they will never throw off an unrealized capital gain. Secondly find a place that will let you establish separate account numbers verses lots for additional purchases as it makes things super clean (I did 500K at Fidelity this way vs Vanguard...
by chinto
Sat May 06, 2017 9:53 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18032

Re: Why save so much for when you're old?

Hi, I'm 24 yrs old and almost one year into my actuarial career (first real job)... ... My perspective of an ideal life is to live adventurously (AKA lavishly) while we're young and have energy to enjoy life and chill out when we're old and have less expenses. This clearly goes against general inve...
by chinto
Sat May 06, 2017 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed Annuities - Pros -vs- Cons
Replies: 26
Views: 1958

Re: Fixed Annuities - Pros -vs- Cons

You are misinterpreting the article. First, you are missing the point. You are misunderstanding why I posted the article. It was to illustrate that an insurance company has the capacity to spin-off a portion of its business into a new entity as a matter of contrivance. That adds another dimension o...
by chinto
Sat May 06, 2017 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed Annuities - Pros -vs- Cons
Replies: 26
Views: 1958

Re: Fixed Annuities - Pros -vs- Cons

I think you really need to worry about the financial viability of the company. I don't think it is a minor issue. K-street controls much of the regularity authority in the U.S. and unelected bureaucrats often implement policy at Executive branch whim. The link below is revealing. Essentially compani...
by chinto
Fri May 05, 2017 5:16 pm
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 5853

Re: Buffett/IBM

We disagree. Yes IBM is a 100 year old very good company. But for most of that 100 years they made machines and sold them plus services to companies. Times change. Now most companies no longer want to own any machines or build data centers or even hire IT workers. Today they much prefer buying the ...
by chinto
Fri May 05, 2017 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Pension vs 401k
Replies: 33
Views: 2205

Re: Pension vs 401k

I just mention a couple of a couple of qualitative factors. When you have a pension, especially an inflation adjusted one, you are not going to outlive your money and you no longer have to save for a rainy day, so you can just concentrate on enjoying life. When you mange your own retirement you have...
by chinto
Thu May 04, 2017 11:50 pm
Forum: Investing - Help with Personal Investments
Topic: Pension vs 401k
Replies: 33
Views: 2205

Re: Pension vs 401k

Pension plans are difficult to change,... Not really, I had a pension plan and one day I got a memo that the plan was being frozen. The value of the years worked was calculated and converted to a cash balance that was invested at a modest interest rate that was linked to the ten year treasury note....
by chinto
Thu May 04, 2017 11:44 pm
Forum: Investing - Help with Personal Investments
Topic: Pension vs 401k
Replies: 33
Views: 2205

Re: Pension vs 401k

Pension plans are difficult to change, a 401K plan can be changed on whim. But I will tell you, my teacher, police officer, and firefighter buddies pensions are worth far more than 2 million dollars - yep each in every one. Valuations can and do change based on certain variables. In other words, un...
by chinto
Thu May 04, 2017 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: Pension vs 401k
Replies: 33
Views: 2205

Re: Pension vs 401k

Pension plans are difficult to change, a 401K plan can be changed on whim. The company match in a 401K plan can e scaled up and down. The contribution can be made annually vs each pay period. And they can decide to only give the match if you are employed at the end of the year (ask any IBMer about a...
by chinto
Thu May 04, 2017 3:53 pm
Forum: Investing - Theory, News & General
Topic: Morningstar article--Service Complaints Aside, Investors See Value at Vanguard
Replies: 10
Views: 730

Re: Vanguard Servicing

I had to actually call them Tuesday over what I believe is a bug in their website. I was pleasantly surprised with how fast I was able to speak to an agent (verses in the recent past) and that the employee spoke clear English and was quite charming. Unfortunately she could not resolve the issue in a...
by chinto
Thu May 04, 2017 12:57 am
Forum: Investing - Theory, News & General
Topic: A Boglehead Guide to Buying Individual Stocks
Replies: 85
Views: 6632

Re: A Boglehead Guide to Buying Individual Stocks

I believe the title of this thread is an oxymoron. and... A Boglehead Guide to Buying Individual Stocks: Don't! Correct me if I am wrong, but I seem to recall a chapter toward the back in the Bogle's Common Sense on Mutual Funds that mentioned building a portfolio of individual stocks with a long t...
by chinto
Tue May 02, 2017 1:25 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity retirement planning
Replies: 22
Views: 2444

Re: Fidelity retirement planning

Fidelity has offered to do a free retirement plan and analysis. I went through a similar process with the Vanguard about 10 years ago. I am probably 5 to 10 years away from retirement and believe me I am in excellent financial shape. Has anyone been through this service with Fidelity, particularly ...
by chinto
Mon May 01, 2017 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Calculus
Replies: 31
Views: 7142

Re: Early Retirement Calculus

The Wade Pfau thing is worthless in that it is not a study such as the Trinity study and is just another person in a very, very long line of people who are trying to predict the future of the stock market and will very likely be proven wrong over the long term. If he is that pessimistic I wonder if...
by chinto
Mon May 01, 2017 12:47 am
Forum: Investing - Theory, News & General
Topic: Schwab Vs. Vanguard?
Replies: 32
Views: 4469

Re: Schwab Vs. Vanguard?

My personal view is that Vanguard has an endemic culture problem that creates a headwind against providing a quality customer service experience. I am a FIDO guy and a very reluctant Vanguard customer, I regret ever putting a large chunk of taxable money at Vanguard. I have sampled Schwab's customer...
by chinto
Fri Apr 14, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question on married filing separately
Replies: 4
Views: 326

Tax question on married filing separately

Gang, Once again, I am attempting to leverage the collective wisdom of the forum members to save me from a tremendous amount of research. I know I could research this and arrive at the answer, but I am am simply overwhelmed with work responsibilities and extensive travel. So I do truly appreciate an...
by chinto
Fri Apr 14, 2017 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Question on when to take Social Security.
Replies: 7
Views: 1249

Re: Question on when to take Social Security.

"My woman", "the woman"? "I want", "I", "I"? Sheesh! In local lingo, often "my woman" is an endearing way to refer to your mate and is similar to saying my wife or my girlfriend (or my old lady if you're in a biker gang). You really should...
by chinto
Wed Feb 08, 2017 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Keeping IRA vs rolling over in to 401 k
Replies: 4
Views: 378

Re: Keeping IRA vs rolling over in to 401 k

Bonus, you gain superior creditor protection in the 401K. And there may be benefits if you ever decide to annuitize in the future. also a lot of 401K plans have automatic rebalance features and are often rich in free tools.
by chinto
Wed Feb 08, 2017 6:27 pm
Forum: Investing - Theory, News & General
Topic: Best way to present to my employer a switch to vanguard
Replies: 24
Views: 1511

Re: Best way to present to my employer a switch to vanguard

401K plans can be very complex animals. There are things like mega-back door Roths, in place conversions, after tax contributions. contribution maximizers etc, and according to Vanguard the reason my son's 401K plan does not have these features is Vanguard does not offer them in their 401K plans and...
by chinto
Wed Feb 08, 2017 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Question on when to take Social Security.
Replies: 7
Views: 1249

Question on when to take Social Security.

Question on Social Security. I want to affirm that my understanding correct. My woman is 3 years older than me. I am the spouse with substantially higher earnings. To wit, the woman has been a stay-at-home mother for the last 25 years. The FRA for both of us is 67. I want to delay till 70 to increas...
by chinto
Sat Feb 04, 2017 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity HSA Investing
Replies: 9
Views: 1584

Re: Fidelity HSA Investing

Use no-commission ETFs. For example, buy ITOT if you want a broad US stock index. Kind of. I just noticed that there is a back-end fee when you redeem those shares from.01-.03%. not huge so 30 dollars on a million...somehow I was disappointed to see that... Are you referring to the activity assessm...
by chinto
Tue Jan 24, 2017 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Possbile career moves without college degree
Replies: 39
Views: 3652

Re: Possbile career moves without college degree

Uh...he can apply to Chik-Fil-A and may land a gold mine.
That being said you can pull down a good buck as a FF mgr. Many District mgrs over 100K. Land a corporate district inspection/training job with a zor. Or better yet over to the hotel industry. 100K plus salaries abound there.
by chinto
Tue Jan 24, 2017 8:46 pm
Forum: Investing - Theory, News & General
Topic: Why are Stable Value Funds not outperforming Total Bond over the long run?
Replies: 17
Views: 2664

Re: Why are Stable Value Funds not outperforming Total Bond over the long run?

I only have a moment to comment so forgive the brevity... But Stable Value funds are not really bond funds so much. Many hold a lot of unsecured debt, etc, etc. The few I have looked at hold little in terms of long term debt instruments. In many ways they are more akin to money market fund and short...
by chinto
Tue Jan 24, 2017 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity HSA Investing
Replies: 9
Views: 1584

Re: Fidelity HSA Investing

whodidntante wrote:Use no-commission ETFs. For example, buy ITOT if you want a broad US stock index.


Kind of. I just noticed that there is a back-end fee when you redeem those shares from.01-.03%. not huge so 30 dollars on a million...somehow I was disappointed to see that...

Go to advanced search