Search found 310 matches

by convert949
Mon Sep 12, 2016 6:35 am
Forum: Investing - Theory, News & General
Topic: I Bond Question...
Replies: 1
Views: 528

I Bond Question...

Having recently declared FL residency, I am in the process of titling assets in ways that would avoid probate. I have been purchasing I Bonds each year for DW and my individual and trust TD accounts. I know that in the trust accounts you cannot have a POD or co-owner as the trust survives the life o...
by convert949
Wed Aug 31, 2016 7:34 am
Forum: Investing - Theory, News & General
Topic: glide path vs. fixed asset allocation [POLL]
Replies: 50
Views: 4145

Re: glide path vs. fixed asset allocation [POLL]

Fixed allocation for each 5 year period starting at 65. Currently 35% Equities. IPS states to reconsider every 5 years and fix a percentage for the following 5 years. Fixed percentage determined by matching liabilities to time period with minimum 15 years fixed income.
by convert949
Wed Aug 31, 2016 6:01 am
Forum: Investing - Theory, News & General
Topic: Retirees Saying No To The Market
Replies: 57
Views: 7354

Re: Retirees Saying No To The Market

My dad used to purchase stocks and equity mutual funds through Prudential when he was working with various outcomes. Like many things in life, he loved to talk about his winners. My mother liked to talk about his losers. When he sold his business (for not very much) in 1986, my mother took all of th...
by convert949
Tue Aug 23, 2016 3:36 pm
Forum: Investing - Theory, News & General
Topic: "How to Tell if Your Retirement Nest Egg Is Big Enough"
Replies: 61
Views: 13296

Re: "How to Tell if Your Retirement Nest Egg Is Big Enough"

As they sometimes say " I represent that remark". I retired at the end of 2007 with a 60/40 portfolio at age 57. It could have been worse as my now "former" Ameriprise guy thought I was too conservative but I luckily overruled his advice. Tough watching 30 years of work go down b...
by convert949
Wed Aug 17, 2016 6:50 am
Forum: Investing - Theory, News & General
Topic: Vanguard upgrading to Brokerage account comes with some nuisances
Replies: 70
Views: 8110

Re: Vanguard upgrading to Brokerage account comes with some nuisances

I have not converted but have recently noticed the upgrade button on my accounts. DW and I have legacy brokerage accounts from when we transferred several "in kind" assets to Vanguard from Ameriprise several years ago. Curiously, hers was automatically upgraded with the new settlement acco...
by convert949
Mon Aug 01, 2016 7:19 am
Forum: Investing - Theory, News & General
Topic: Bucket Portfolios - when to create buckets and how much cash
Replies: 26
Views: 2699

Re: Bucket Portfolios - when to create buckets and how much cash

OK...so I'll bite....buckets or not, how do you best go about determining an optimal amount/%/years of expenses to set aside in cash or equivalents? And is that something you gradually build up in the last years heading into retirement in a taxable account, for example? First, you recognize that th...
by convert949
Sun Jul 31, 2016 6:04 am
Forum: Investing - Help with Personal Investments
Topic: Fixed Income Question...Short Term Bonds or I Bonds
Replies: 15
Views: 1986

Re: Fixed Income Question...Short Term Bonds or I Bonds

... Thanks Phineas... kind of what I thought but requires a change of thinking on my part. Originally, I Bonds were purchased as an alternative to TIPS and have been considered a part of our long term portfolio. ... Nothing prevents you from using the sales proceeds of the short-term bond fund to b...
by convert949
Sat Jul 30, 2016 5:49 am
Forum: Investing - Help with Personal Investments
Topic: Fixed Income Question...Short Term Bonds or I Bonds
Replies: 15
Views: 1986

Re: Fixed Income Question...Short Term Bonds or I Bonds

Going back to the first part of OP's question, and without commenting on the superiority of one short-term debt instrument over another, it doesn't make sense to me to keep two forms of the cushion you're after when you've been happy with one. Since you already own the I Bonds, it makes sense to lo...
by convert949
Fri Jul 29, 2016 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed Income Question...Short Term Bonds or I Bonds
Replies: 15
Views: 1986

Re: Fixed Income Question...Short Term Bonds or I Bonds

Thanks, Kevin M... I have looked at CD's in the past with some interest for at least the short term end of the spectrum. I would agree that even with a 6 month penalty and a 2% plus yield, it is competitive with short term bond funds and approaches what is available with Intermediate term debt. My o...
by convert949
Fri Jul 29, 2016 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Fixed Income Question...Short Term Bonds or I Bonds
Replies: 15
Views: 1986

Fixed Income Question...Short Term Bonds or I Bonds

I currently have a retirement portfolio (67 and in retirement) where the duration of the fixed income roughly matches my cash needs over time. As such, I have ~1-2 years in a MM account and another 3-4 years in Vanguard Short Term Investment Grade. Until now, I have maintained the short term bond al...
by convert949
Mon Jul 25, 2016 3:59 pm
Forum: Investing - Theory, News & General
Topic: King Solomon was the original Boglehead - historically speaking
Replies: 28
Views: 1969

Re: King Solomon was the original Boglehead - historically speaking

The Talmud also says to diversify: “One should always divide his wealth into three parts: [investing] a third in land, a third in merchandise, and [keeping] a third ready to hand.” Babylonian Talmud, Baba Metzia 42a. Land = Bonds, Merchandise = Equities, Ready to hand = cash and equivalents??? Make...
by convert949
Mon Jul 25, 2016 9:07 am
Forum: Investing - Theory, News & General
Topic: King Solomon was the original Boglehead - historically speaking
Replies: 28
Views: 1969

Re: King Solomon was the original Boglehead - historically speaking

zaboomafoozarg wrote:
Johnnie wrote:Earlier Boglites? Didn't Pharaoh have a "seven years of grain in storage" policy? Pharaohs preceded Kings of Israel.


Yep, the book of Genesis mentioned Joseph doing that while in Egypt.

Sounds like the bucket approach to me!
by convert949
Sat Jul 23, 2016 6:45 am
Forum: Investing - Help with Personal Investments
Topic: USA vs. International Stock Index PERFORMANCE. Please reassure Me!
Replies: 25
Views: 2136

Re: USA vs. International Stock Index PERFORMANCE. Please reassure Me!

Also, what does this mean: "incremental additional benefit up to 50%" ? It means you get even more benefit if you go to 50%. I'll cry foul on this answer. :twisted: It is true but not entirely accurate. Yes, it does mean you get more benefit as you go higher than 20%. But the "increm...
by convert949
Thu Jul 21, 2016 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Why Not Wellesley?
Replies: 14
Views: 1798

Re: Why Not Wellesley?

Wellesley is a great fund at retirement age. The fund has a good balance and has done well in downturns. Although, today, it is more difficult to judge future performance based on the past performance, the fund is one of the best conservative allocation funds to invest for saving, now that bonds ar...
by convert949
Thu Jul 21, 2016 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Why Not Wellesley?
Replies: 14
Views: 1798

Re: Why Not Wellesley?

Wellesley is a great fund at retirement age. The fund has a good balance and has done well in downturns. Although, today, it is more difficult to judge future performance based on the past performance, the fund is one of the best conservative allocation funds to invest for saving, now that bonds ar...
by convert949
Thu Jul 21, 2016 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Why Not Wellesley?
Replies: 14
Views: 1798

Re: Why Not Wellesley?

If Wellesley is going in a taxable account, then I think one really needs to understand the extra income and taxes that this might create for one that can be easily avoided. Agreed... In fact, I have worked to "manage" my income to avoid going over MAGI thresholds for Medicare, etc. I do ...
by convert949
Thu Jul 21, 2016 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Why Not Wellesley?
Replies: 14
Views: 1798

Re: Why Not Wellesley?

Thank you everyone for your help... We are in a different interest-rate world now so looking at this long of a history is detrimental to any forecasting attempts. IOW, past performance, etc. I do understand that Wellesley has had a "tail wind" over the past few years as it has longer term ...
by convert949
Thu Jul 21, 2016 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Why Not Wellesley?
Replies: 14
Views: 1798

Why Not Wellesley?

I am looking to deploy the proceeds of the recent sale of an asset into our retirement portfolio. The proceeds have dropped my equity allocation from my target of 35% to 30%. I have used Portfolio Visualizer to back test the options that I have considered. The tickers are the investor shares to allo...
by convert949
Sun Jul 17, 2016 10:54 am
Forum: Investing - Theory, News & General
Topic: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %
Replies: 107
Views: 8065

Re: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %

I have been pondering a similar approach to the OP. At the end of the day, (and after being retired for 10 years), I have learned that for me, managing my portfolio successfully revolves around having enough in fixed income to avoid a knee jerk reaction in a bad market. While we maintain a detailed ...
by convert949
Mon Jul 11, 2016 6:21 am
Forum: Investing - Theory, News & General
Topic: "Jane Bryant Quinn: Plan for a long retirement and maybe even a 101st birthday party."
Replies: 66
Views: 6617

Re: "Jane Bryant Quinn: Plan for a long retirement and maybe even a 101st birthday party."

My dad used to say when I was growing up "Live fast, die young and make a good looking corpse". He was 89 when he passed last year and in pretty good shape until the last few months (prostate cancer). So, you never know... From a DIY investor standpoint, kind of makes the case for annuitiz...
by convert949
Thu Jul 07, 2016 10:48 am
Forum: Investing - Theory, News & General
Topic: "Why most retirees will never spend down their portfolio" by Michael Kitces
Replies: 89
Views: 11156

Re: "Why most retirees will never spend down their portfolio" by Michael Kitces

baw703916 wrote:"I've got more money than I can ever spend" = first world problem.

A friend of mine calls it a "Problem of Privilege".
by convert949
Tue Jun 21, 2016 5:36 pm
Forum: Investing - Theory, News & General
Topic: Pfau: Why Bond Funds Don't Belong in Retirement Portfolios
Replies: 138
Views: 18407

Re: Pfau: Why Bond Funds Don't Belong in Retirement Portfolios

This is a very thought-provoking article. I always viewed SPIAs as kind of last resort, and was hoping to avoid getting there, but this article makes me rethink the topic. Hm, I'll run some numbers on my own here. Intriguing concept. I did just that... In fact,what I found is that if I purchase an ...
by convert949
Wed Apr 27, 2016 6:31 am
Forum: Investing - Theory, News & General
Topic: Wade Pfau on life-cycle finance retirement planning
Replies: 15
Views: 2236

Re: Wade Pfau on life-cycle finance retirement planning

Interesting discussion. While not well versed in the theories I sensed that retirement investing was different than in the accumulation phase. I felt it needed to be more conservative but age in bonds was just a starting point. Top down view of allocation e.g. going from 60/40 to say 50/50 or 40/60...
by convert949
Fri Apr 22, 2016 10:40 am
Forum: Investing - Theory, News & General
Topic: Anyone Have a Near Retirement Strategy for Sequence of Return Risk?
Replies: 88
Views: 8775

Re: Anyone Have a Near Retirement Strategy for Sequence of Return Risk?

terrabiped wrote: Google "Reducing Retirement Risk with a Rising Equity Glide-Path" by Wade D. Pfau. The strategy he describes makes a lot of sense to me. I agree. This is a follow up to an earlier post I made on this subject. The MN Bogleheads' group did a presentation regarding AA glide...
by convert949
Tue Apr 12, 2016 9:07 am
Forum: Investing - Help with Personal Investments
Topic: VWINX a 1-Stop Shop? [Vanguard Wellesley]
Replies: 43
Views: 7418

Re: VWINX a 1-Stop Shop? [Vanguard Wellesley]

It would be good to know if you are investing in a taxable account, a tax deferred account, or have assets in both kinds of accounts. VWINX may not be as tax friendly as other approaches depending on where it is held. 100% turnover is not good in a taxable account. One could check the tax cost of d...
by convert949
Tue Apr 12, 2016 3:07 am
Forum: Investing - Help with Personal Investments
Topic: VWINX a 1-Stop Shop? [Vanguard Wellesley]
Replies: 43
Views: 7418

Re: VWINX a 1-Stop Shop? [Vanguard Wellesley]

Some time ago, I helped my mother-in-law consolidate her accounts after the death of her husband. As a long time Vanguard client I suggested that at ~ 80, she choose something conservative but with some chance of growth. We decided to split her holdings 50% to Wellesley and 50% to Total Bond Market....
by convert949
Thu Mar 24, 2016 9:45 am
Forum: Investing - Theory, News & General
Topic: Can you be a Boglehead and not hold international equity?
Replies: 38
Views: 3573

Re: Can you be a Boglehead and not hold international equity?

Let's not forget what happened to the Japan. Domestic seemed better than international, for a while. I bet many Japanese people wish they diversified more. What I find interesting are the constant references to Japan as justification for owning a large percentage of International. It seems to me th...
by convert949
Thu Mar 24, 2016 6:38 am
Forum: Investing - Theory, News & General
Topic: Can you be a Boglehead and not hold international equity?
Replies: 38
Views: 3573

Re: Can you be a Boglehead and not hold international equity?

As a skeptic on International, I still maintain 20% of equity because of what Christine Benz said recently. Can't find the link but she indicated that although the diversification benefit has been reduced by markets moving in lockstep, without any International, you would miss owning some pretty goo...
by convert949
Sat Mar 19, 2016 3:19 pm
Forum: Investing - Theory, News & General
Topic: What bond funds do you use, and why?
Replies: 55
Views: 4425

Re: What bond funds do you use, and why?

Toons wrote:Total Bond
Intermediate Term Tax Exempt,
Short Term Investment Grade,

For Income :happy

+1 :sharebeer
by convert949
Sat Mar 05, 2016 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Portfolio after sale of Asset
Replies: 3
Views: 322

Re: Help with Portfolio after sale of Asset

Hi DBR... Thanks for the input. I have done some of what you suggested already, subject to the TRUE FACT that you will not know if you are right until after you die... I currently have more than 15 years of expenses in fixed income without touching equities (bucket approach). If I include the new mo...
by convert949
Sat Mar 05, 2016 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Help with Portfolio after sale of Asset
Replies: 3
Views: 322

Help with Portfolio after sale of Asset

I am 66, retired and living substantially off of our portfolio which is ~ $2M. This includes a recent asset sale that will bring ~ $400K back into our retirement "kitty". We have converted much of our SEP-IRA's to SPIA's to create an income stream leaving ~ $60K in expenses to cover after ...
by convert949
Wed Feb 10, 2016 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Vacation Homes
Replies: 78
Views: 10464

Re: Vacation Homes

It is not an investment... What it is is a place to store wealth that has value beyond watching your statements every month. In a second home's defense, it can eventually be sold if necessary to provide funds to live on, or as others have pointed out, become your primary residence in retirement. In ...
by convert949
Sat Jan 23, 2016 10:05 am
Forum: Investing - Theory, News & General
Topic: Rebalancing during retirement
Replies: 15
Views: 1473

Re: Rebalancing during retirement

I believe it was Michael Kitces who suggested that in a Total Return Portfolio, one could merely withdraw their annual needs from whatever asset class is "winning" at that point in time, i.e. if stocks exceed your target, that is where you make your withdrawal. If stocks are down and bond...
by convert949
Sat Jan 23, 2016 7:15 am
Forum: Investing - Theory, News & General
Topic: Rebalancing during retirement
Replies: 15
Views: 1473

Re: Rebalancing during retirement

I believe it was Michael Kitces who suggested that in a Total Return Portfolio, one could merely withdraw their annual needs from whatever asset class is "winning" at that point in time, i.e. if stocks exceed your target, that is where you make your withdrawal. If stocks are down and bonds...
by convert949
Thu Jan 21, 2016 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: I bond Guru's... Advice needed
Replies: 4
Views: 1002

Re: I bond Guru's... Advice needed

Thanks for the info... Perhaps it is set based on demand? At least I know now that nobody knows (except them) what they will do...

Best,

Bob
by convert949
Thu Jan 21, 2016 10:32 am
Forum: Investing - Help with Personal Investments
Topic: I bond Guru's... Advice needed
Replies: 4
Views: 1002

I bond Guru's... Advice needed

Well, it's that time of year again... I am eligible to purchase my annual allotment of I Bonds. I have been looking at various previous posts and have searched the Treasury Direct website and cannot find anything to indicate how the base interest rate is determined. Certainly I cannot find anything ...
by convert949
Thu Jan 21, 2016 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Going from 50/50 US/Int to All US
Replies: 80
Views: 6439

Re: Going from 50/50 US/Int to All US

While Jack Bogle doesn't advocate the use of International Stock for US investors, I didn't get the vibe from his Common Sense on Mutual Funds that he is anti-International. He says if you want to do it keep it to 20%. Also, he has a long chapter on RTM or Reversion to the Mean where he explains th...
by convert949
Mon Jan 18, 2016 10:17 am
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 178
Views: 70010

Re: A time to EVALUATE your jitters

Best summary I have ever seen! I remember when the DOW was at 900 down from 1500 and the headlines read "DOW at 3000 by years end". I always try to remember what I have learned from Jack Bogle, Wade Pfau, Larry Swedrow, Bill Bernstein and now Nisi :P Thanks to you all, I must be OK as I am...
by convert949
Wed Dec 23, 2015 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Helping my parents see the light with Ameriprise
Replies: 75
Views: 9910

Re: Helping my parents see the light with Ameriprise

How about buying them a copy of Bogle's Little Book Of Common Sense and asking them to read it? +1!!! As you have already broached the subject, it is an easy transition to recommending the read. This is a great time to discuss this with them as they will be approaching retirement in the next few ye...
by convert949
Thu Nov 12, 2015 9:03 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Question...
Replies: 2
Views: 364

Re: Tax Loss Harvesting Question...

I think these would be wash sales since the rule covers shares controlled by you and/or your spouse even if not reported on the same tax return. http://www.obliviousinvestor.com/tax-loss-harvesting/ and many other articles on the web, but especially IRS Publication 550. I think you can sell VFSUX a...
by convert949
Thu Nov 12, 2015 8:04 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Question...
Replies: 2
Views: 364

Tax Loss Harvesting Question...

I currently have two bond funds with losses in two different Vanguard taxable accounts. One is titled into my trust and the other to my wife's trust. I am interested in taking all possible losses this year as I sold a significant amount of equities earlier this year to complete our adjustment to our...
by convert949
Mon Nov 09, 2015 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Savings Bonds in Estate
Replies: 6
Views: 1842

Re: Savings Bonds in Estate

Thanks to all... I have compared the tax implications of accruing the interest on my dad's last return vs. the estate paying the tax and the difference is ~ 5 x if the estate pays. The third option of transferring the bonds in kind was never considered seriously as the bonds have a short term maturi...
by convert949
Sun Nov 08, 2015 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Savings Bonds in Estate
Replies: 6
Views: 1842

Re: Savings Bonds in Estate

The estate is small, less than 100K, no real estate and limited expense. I have probated the will myself and will not use an attorney unless specific questions arise. (suggested by my attorney). One more thought... If I were to do this as Gill suggests, there would be no interest to the estate and t...
by convert949
Sun Nov 08, 2015 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Savings Bonds in Estate
Replies: 6
Views: 1842

Re: Savings Bonds in Estate

Thanks Gill... I read the IRS guidelines and it was not clear if bonds cashed after death resulted in income to the estate or the individual even though the interest accrued during the decedents lifetime. In any event, that's why I wanted to proceed ASAP with cashing them in if it made sense.

Bob
by convert949
Sun Nov 08, 2015 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Savings Bonds in Estate
Replies: 6
Views: 1842

Savings Bonds in Estate

My dad passed away recently and I am executor of his estate. He and my mom (also deceased) had the proceeds of the sale of a small business in savings bonds. At this point, some have stopped paying interest and the rest will stop paying interest in less than one year so it seems like a lot of work t...
by convert949
Sun Nov 01, 2015 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: I-Savings Bonds
Replies: 53
Views: 7826

Re: I-Savings Bonds

I purchase them yearly at max as a part of my bond allocation and as a hedge against inflation. They will probably be the last thing I spend...
by convert949
Wed Jul 08, 2015 6:44 am
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 391
Views: 43214

Re: TIPS - Did you give up?

I maintain 20% of fixed income in inflation protected bonds. I sold the last of my Vanguard TIPS fund in early 2013. Currently, we are a little underweight vs. our target for TIPS - mostly due to the annual purchase limit constraints of I-Bonds. We buy the annual limit for I-Bonds and that's what's...
by convert949
Sat Jun 20, 2015 4:36 pm
Forum: Investing - Theory, News & General
Topic: Why High Equity Allocation in Retirement
Replies: 86
Views: 13344

Re: Why High Equity Allocation in Retirement

My equity allocation of 35% was determined by doing a bottom up evaluation of my needs over the next 30 years (I am 65). There is usually so much going on as you transition from working to retirement that I don't think most people can just keep their allocation on cruise control. Here are some of t...
by convert949
Sat Jun 20, 2015 7:44 am
Forum: Investing - Theory, News & General
Topic: Why High Equity Allocation in Retirement
Replies: 86
Views: 13344

Re: Why High Equity Allocation in Retirement

People who have more than enough can take a higher risk approach and do fine or take an asset preservation approach and be ok also. I believe I have more than enough and take more of an asset preservation approach e.g. 43% equities and 57% fixed income (includes a healthy allocation to CDs). I have...
by convert949
Mon Jun 15, 2015 3:21 pm
Forum: Investing - Theory, News & General
Topic: Why High Equity Allocation in Retirement
Replies: 86
Views: 13344

Re: Why High Equity Allocation in Retirement

All I will say is that you may NOT know where your comfort level is until actual retirement, especially at the point that you have exhausted your human capital. Whatever you believe to be true today will most likely change once withdrawals start...

Never say Never... :wink:

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