Search found 344 matches

by convert949
Mon Jan 16, 2017 6:56 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 315
Views: 48507

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

I suppose you can call me somewhere between the extremes (semi-stealthy?). I do enjoy a car that is fun to drive (basic BMW). I do enjoy occasional special trips (Germany and Italy to pick up the BMW). I have a modest sized but nice house in a nice neighborhood. And yes, I have a boat. What DW and I...
by convert949
Mon Jan 02, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Bond Market v. Inter-Term Bond Index v. I-T Investment Grade Inv
Replies: 19
Views: 2193

Re: Vanguard Total Bond Market v. Inter-Term Bond Index v. I-T Investment Grade Inv

The only issue I have with the Bond Index Fund (VBILX) is the longer duration as compared to the other two especially that the Feds have promised a continuation of rising rates. I have substituted the Core Bond Fund (VCOBX) for the Bond Index Fund (VBILX) and thus ending up with Inter. Inv. Gr. (VF...
by convert949
Mon Jan 02, 2017 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Bond Market v. Inter-Term Bond Index v. I-T Investment Grade Inv
Replies: 19
Views: 2193

Re: Vanguard Total Bond Market v. Inter-Term Bond Index v. I-T Investment Grade Inv

A third comes from none other than John C. Bogle himself. Total Bond includes both government and corporate bonds. Government bonds are more liquid and less risky in every way than corporate, but they also have lower return. The Barclay's index, and thus Total Bond, are now nearly 70% government bo...
by convert949
Mon Jan 02, 2017 9:32 am
Forum: Investing - Help with Personal Investments
Topic: I-bonds
Replies: 28
Views: 3307

Re: I-bonds

There are many reasons to consider I Bonds as a part of your portfolio. They include: 1. Interest is tax deferred until cashed. If saved until retirement, you will hopefully be in a lower bracket. 2. Returns, while not spectacular today, will function as a hedge against inflation as the interest rat...
by convert949
Fri Dec 30, 2016 6:34 am
Forum: Investing - Help with Personal Investments
Topic: In taxable account sell Total Bond buy Tax Exempt
Replies: 26
Views: 2366

Re: In taxable account sell Total Bond buy Tax Exempt

Let's say that due to pension and SS income my tax rate is 25% and my SS is being taxed at 85%, the max. I decide to add the Vanguard Intermediate Term tax exempt fund today as at 25% marginal tax rates, the SEC income is favorable when compared to Total Bond Market fund. In this scenario is there ...
by convert949
Thu Dec 29, 2016 7:50 am
Forum: Investing - Help with Personal Investments
Topic: In taxable account sell Total Bond buy Tax Exempt
Replies: 26
Views: 2366

Re: In taxable account sell Total Bond buy Tax Exempt

Even though your marginal tax rate might be 27.75% once you start taking Social Security, munis won't help; muni income is counted as income for making Social Security taxable, so it is taxed at 12.75%. Do you mean that as a result of the muni income causing 85% of your SS to be taxable, it is equi...
by convert949
Sat Dec 24, 2016 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Comments on Vanguard Personal Advisor Service Plan
Replies: 13
Views: 1926

Re: Comments on Vanguard Personal Advisor Service Plan

I think what VPAS proposed is perfectly fine. What do you care if it has lots of funds because you won't have to do anything with them. Since you are paying the VPAS folks to do things for you, they will rebalance for you, process contributions, process withdrawals, do any necessary tax-loss harves...
by convert949
Sat Dec 24, 2016 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Simple Bond Question - Stay or go back to TBM
Replies: 11
Views: 1502

Re: Simple Bond Question - Stay or go back to TBM

IT Bond has more duration risk and more credit risk than TBM. (That is why it is paired with ST Investment Grade) If you stay with this fund, that change will have more impact on your long-run returns than the TLH did, for better or for worse. I think the real question is, why didn't you make this ...
by convert949
Sat Dec 24, 2016 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Simple Bond Question - Stay or go back to TBM
Replies: 11
Views: 1502

Re: Simple Bond Question - Stay or go back to TBM

A decent chunk of the difference is agency MBS being good during the period. Very true... And what helped it then will cause it to lag in a rising rate environment. Also potentially important in a rising rate environment, looking at the same 30% VFSUX / 70% VBILX combo, the average duration is 5.3 ...
by convert949
Thu Dec 22, 2016 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Experience selling car to Carmax?
Replies: 42
Views: 5316

Re: Experience selling car to Carmax?

OK - thank you all!! What surprises me a bit is that Carmax seems to want even older cars and those not in top condition. They must, somehow, have the whole "system" figured out and sufficient volume to get economies of scale. I also assume they have the "process" to fix the car...
by convert949
Thu Dec 22, 2016 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Simple Bond Question - Stay or go back to TBM
Replies: 11
Views: 1502

Re: Simple Bond Question - Stay or go back to TBM

I'll have the same decision soon as the 30 days are up for me. I think it will be easy to go back to TBM because at least for me I'll be able to TLH yet again as VBILX has fallen since I bought it. With the additional rate increases perhaps on the horizon (who knows of course) it is reasonable to b...
by convert949
Thu Dec 22, 2016 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Simple Bond Question - Stay or go back to TBM
Replies: 11
Views: 1502

Simple Bond Question - Stay or go back to TBM

In early December I exchanged Total Bond Market Index for Intermediate Term Bond Index in order to take advantage of a TLH opportunity. I will be eligible to switch back in early January after both the Wash Rule and Frequent Trading restriction expires. My question is, in a rising rate environment, ...
by convert949
Wed Dec 21, 2016 7:40 am
Forum: Forum Issues and Administration
Topic: New Board Index Topic - Retirement Planning
Replies: 44
Views: 4815

Re: New Board Index Topic - Retirement Planning

I too would favor this as a separate index topic. It currently overlaps a couple of other topics and it is not clear from the descriptors where some retirement planning issues fall. They could be in investing or personal finance. Yes I am aware that one can search and/or scroll. Not everyone is int...
by convert949
Thu Dec 08, 2016 8:32 am
Forum: Investing - Theory, News & General
Topic: "Cash Equivalents" ?
Replies: 21
Views: 2034

Re: "Cash Equivalents" ?

I would include I Bonds, EE Bonds and Treasury Bills held to maturity... I wouldn't. I Bonds and EE Bonds cannot be sold for the first year of ownership. That's a serious liquidity restriction. T bills have a maturity up to 1 year, and can move quite a bit with interest rates. Maybe a 3 month T bil...
by convert949
Wed Dec 07, 2016 11:32 am
Forum: Investing - Theory, News & General
Topic: "Cash Equivalents" ?
Replies: 21
Views: 2034

Re: "Cash Equivalents" ?

Please help me understand what the term "cash equivalents" refers to I assume it would include money market accounts, savings accounts and CDs. But would it also include short term bonds and/or short term treasuries? What else might be considered "cash equivalents"? If thus is c...
by convert949
Tue Dec 06, 2016 8:58 am
Forum: Investing - Theory, News & General
Topic: Israelsen's Research on International Bonds
Replies: 8
Views: 705

Re: Israelsen's Research on International Bonds

Interesting -- this does seem a bit inconsistent and inconclusive. In reviewing our simple three-fund portfolio, a Vanguard advisor recently told me that in PAS accounts they're no longer accepting new clients who aren't open to at least a little bit of int'l fixed-income exposure. Hopefully I mish...
by convert949
Mon Nov 28, 2016 7:00 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Planner Advice to slice and dice bonds?
Replies: 6
Views: 1061

Re: Vanguard Planner Advice to slice and dice bonds?

This is not a flippant answer: Why not ask your spouse? If she can just go with what Vanguard says to do, then it should be pretty clear that it is what you should do. That is, if you invoke VPAS, then do what they say. Good advice, except that DW has a "deer in the headlights" reaction t...
by convert949
Sun Nov 27, 2016 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Planner Advice to slice and dice bonds?
Replies: 6
Views: 1061

Re: Vanguard Planner Advice to slice and dice bonds?

This is not a flippant answer: Why not ask your spouse? If she can just go with what Vanguard says to do, then it should be pretty clear that it is what you should do. That is, if you invoke VPAS, then do what they say. Good advice, except that DW has a "deer in the headlights" reaction t...
by convert949
Sun Nov 27, 2016 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Planner Advice to slice and dice bonds?
Replies: 6
Views: 1061

Vanguard Planner Advice to slice and dice bonds?

I currently have the following portfolio. Using "Big" numbers it is divided up approximately as follows: 20% Cash and I Bonds (7% cash/13% I Bonds) 40% equities (30% US and 10% Intl) 40% bonds as follows: 14% TBM (VBTLX) 13% Int Term Tax Exempt (VWIUX) 8% Short Term Investment Grade (VFSUX...
by convert949
Sun Nov 13, 2016 4:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Planner Advice on Bonds
Replies: 4
Views: 935

Re: When experts disagree . . .

Convert949: When in doubt, strive for simplicity (read link below). When experts disagree, it is often because it makes no foreseeable difference. Best wishes. Taylor As always... Sage advice... My reason for the post, upon reflection, was to look for a reason to accept the advice of people who are...
by convert949
Sun Nov 13, 2016 11:02 am
Forum: Investing - Theory, News & General
Topic: Vanguard Planner Advice on Bonds
Replies: 4
Views: 935

Vanguard Planner Advice on Bonds

I recently requested a conversation with a Vanguard Planner on a couple of issues regarding my Portfolio. My Flagship rep suggested that I have a complete plan done as I had not done one since 2009 (thank you Bogleheads). No big surprise, but the planner recommended 15% of the total portfolio to Int...
by convert949
Fri Nov 04, 2016 2:01 pm
Forum: Investing - Theory, News & General
Topic: Paid off home. View as bond or cash in AA if you plan to sell in retirement?
Replies: 32
Views: 2645

Re: Paid off home. View as bond or cash in AA if you plan to sell in retirement?

If we return to the OP's original question, I agree with wolf359 that the capital in a home (primary or secondary) that you intend to sell at some specific time, is more appropriate as a "safety net" than as a bond alternate. Best to all, Bob I think it is more direct to consider the sale...
by convert949
Thu Nov 03, 2016 9:39 am
Forum: Investing - Theory, News & General
Topic: Paid off home. View as bond or cash in AA if you plan to sell in retirement?
Replies: 32
Views: 2645

Re: Paid off home. View as bond or cash in AA if you plan to sell in retirement?

If I have a paid off home, it is still not part of my AA while I am in accumulation mode. It will not be part of my AA UNTIL I sell it. I might consider it as part of planning. For example, if I sold my house today, I'd expect to receive $X, and my total assets would now be $Y. This would/would not...
by convert949
Thu Nov 03, 2016 6:34 am
Forum: Investing - Theory, News & General
Topic: Paid off home. View as bond or cash in AA if you plan to sell in retirement?
Replies: 32
Views: 2645

Re: Paid off home. View as bond or cash in AA if you plan to sell in retirement?

If I have a paid off home, it is still not part of my AA while I am in accumulation mode. It will not be part of my AA UNTIL I sell it. I might consider it as part of planning. For example, if I sold my house today, I'd expect to receive $X, and my total assets would now be $Y. This would/would not...
by convert949
Fri Oct 21, 2016 2:12 pm
Forum: Investing - Theory, News & General
Topic: "Years Of Expenses": Preferable To "% Of Portfolio" For Retirees' Fixed Income?
Replies: 39
Views: 2865

Re: "Years Of Expenses": Preferable To "% Of Portfolio" For Retirees' Fixed Income?

BTW, I don't see too many discussions of this particular situation (ensuring the financial welfare of a surviving spouse once a pension goes away or is reduced due to the death of the primary pensioner) and would be interested in learning about how others plan for it. I suspect SPIAs may play a val...
by convert949
Fri Oct 21, 2016 2:01 pm
Forum: Investing - Theory, News & General
Topic: "Years Of Expenses": Preferable To "% Of Portfolio" For Retirees' Fixed Income?
Replies: 39
Views: 2865

Re: "Years Of Expenses" Preferable To "% Of Portfolio" When Determining Fixed Income Allocation In Retirement?

Some say 5-7 years in fixed income, some say 10 years (Bucket Portfolios) and some say 20 or more years (Bernstein). For me, I choose a time period that allows me to ignore the up's and down's of equities which is...? I currently have 2 years in cash, 10 years in bonds and the balance in equities. ...
by convert949
Fri Oct 21, 2016 10:58 am
Forum: Investing - Theory, News & General
Topic: "Years Of Expenses": Preferable To "% Of Portfolio" For Retirees' Fixed Income?
Replies: 39
Views: 2865

Re: "Years Of Expenses" Preferable To "% Of Portfolio" When Determining Fixed Income Allocation In Retirement?

Some say 5-7 years in fixed income, some say 10 years (Bucket Portfolios) and some say 20 or more years (Bernstein). For me, I choose a time period that allows me to ignore the up's and down's of equities which is...? I currently have 2 years in cash, 10 years in bonds and the balance in equities. ...
by convert949
Fri Oct 21, 2016 10:42 am
Forum: Investing - Theory, News & General
Topic: "Years Of Expenses": Preferable To "% Of Portfolio" For Retirees' Fixed Income?
Replies: 39
Views: 2865

Re: "Years Of Expenses" Preferable To "% Of Portfolio" When Determining Fixed Income Allocation In Retirement?

I personally agree that # 2 makes more sense. Having said that, one can also use a number of years of fixed income to determine an asset allocation that can then be managed as a traditional equity/fixed income ratio. Some say 5-7 years in fixed income, some say 10 years (Bucket Portfolios) and some ...
by convert949
Tue Oct 04, 2016 2:02 pm
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Bucket?
Replies: 89
Views: 8277

Re: Do Bogleheads Bucket?

I think buckets are just labels for doing what Bogleheads do anyway, and maybe a psychological ploy. Bogleheads retirees do not sell equities when they are down. They withdraw from non-equities, but don't bother with the term bucket. They might even buy more equity (rebalance) in down markets. Now ...
by convert949
Mon Oct 03, 2016 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Florida Real estate
Replies: 17
Views: 1833

Re: Florida Real estate

The tax cap protection was extended to non-homestead properties a few years ago here. It's capped at 10% for non-homestead properties, 3% for homesteaded ones. Funny, we have declared residency in FL during 2016 and will not be eligible for Homestead status until 2017. We recently received our prop...
by convert949
Mon Oct 03, 2016 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Florida Real estate
Replies: 17
Views: 1833

Re: Florida Real estate

The tax cap protection was extended to non-homestead properties a few years ago here. It's capped at 10% for non-homestead properties, 3% for homesteaded ones. Funny, we have declared residency in FL during 2016 and will not be eligible for Homestead status until 2017. We recently received our prop...
by convert949
Mon Oct 03, 2016 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Florida Real estate
Replies: 17
Views: 1833

Re: Florida Real estate

The tax cap protection was extended to non-homestead properties a few years ago here. It's capped at 10% for non-homestead properties, 3% for homesteaded ones. Funny, we have declared residency in FL during 2016 and will not be eligible for Homestead status until 2017. We recently received our prop...
by convert949
Mon Oct 03, 2016 7:22 am
Forum: Investing - Help with Personal Investments
Topic: Florida Real estate
Replies: 17
Views: 1833

Re: Florida Real estate

As you are pursuing your due diligence on buying Florida real estate, dig in to get some information and base knowledge about carrying costs that may be higher than you expect: property taxes and windstorm insurance in particular. Florida has a save-our-homes property tax law on the books that prec...
by convert949
Mon Oct 03, 2016 6:29 am
Forum: Investing - Help with Personal Investments
Topic: Florida Real estate
Replies: 17
Views: 1833

Re: Florida Real estate

One more point... Regardless of the appreciation potential, managing rentals at a distance offers unique challenges. I once owned a couple of condos on Florida's east coast (Delray Beach), one of which I occupied as a vacation home and the other as a rental. In the true spirit of Murphy, everything ...
by convert949
Mon Sep 12, 2016 6:35 am
Forum: Investing - Theory, News & General
Topic: I Bond Question...
Replies: 1
Views: 572

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: 4488

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: 7844

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: 14091

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: 87
Views: 11401

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: 2914

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: 2100

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: 2100

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: 2100

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: 2100

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: 2150

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: 2150

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: 2275

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: 2140

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: 2140

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: 2140

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 ...

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