Search found 297 matches

by convert949
Thu Jul 21, 2016 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Why Not Wellesley?
Replies: 14
Views: 1562

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: 1562

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: 1562

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: 1562

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: 1562

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: 7364

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: 6186

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: 10543

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: 17879

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: 2185

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: 8260

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: 6907

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: 6907

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: 3469

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: 3469

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: 4250

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: 305

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: 305

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: 10149

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: 1439

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: 1439

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: 985

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: 985

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: 6207

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: 163
Views: 64569

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: 9534

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: 341

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: 341

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: 1651

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: 1651

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: 1651

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: 1651

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: 7672

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: 203
Views: 24410

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: 13070

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: 13070

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: 13070

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:
by convert949
Sun Jun 14, 2015 10:44 am
Forum: Investing - Theory, News & General
Topic: Vanguard: "The long and short of finding bond balance."
Replies: 9
Views: 2554

Re: Vanguard: "The long and short of finding bond balance."

"Does it matter if the three types of bonds mentioned above are in one bond fund (such as Total Bond Market Fund) or in three separate funds?" I was wondering the same thing. Is there any merit to use equal amounts of Short-term, Intermediate-term, and Long-term Vanguard bond index funds ...
by convert949
Sat Jun 06, 2015 3:47 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 280
Views: 43809

Re: William Bernstein-When you've won the game, why keep playing

For me, it's all about structuring a portfolio that helps you "stay the course". If you look at a "Bucket" approach, everything beyond 10 years is OK to be in equities as there has never been a 10 year rolling period where equities have been negative. If you follow Bernstein, you...
by convert949
Fri Feb 20, 2015 4:54 pm
Forum: Investing - Theory, News & General
Topic: What is Risk?
Replies: 27
Views: 1866

Re: What is Risk?

The riskiness of an investment is not measured by beta (a Wall Street term encompassing volatility and often used in measuring risk) but rather by the probability – the reasoned probability – of that investment causing its owner a loss of purchasing-power over his contemplated holding period. Asset...
by convert949
Wed Feb 04, 2015 1:52 pm
Forum: Investing - Theory, News & General
Topic: Somewhat different approach to asset allocation
Replies: 12
Views: 1076

Re: Somewhat different approach to asset allocation

I have seen a number of articles for financial planners that take a somewhat more casual approach than Bernstein but still follows the basic idea. Have short term assets for short term needs, bonds for intermediate term needs and equities/TIPS/I Bonds for longer term needs where inflation is more of...
by convert949
Fri Jan 30, 2015 9:06 am
Forum: Investing - Theory, News & General
Topic: Mr. Bogle on CNBC today--International and Bonds
Replies: 50
Views: 7679

Re: Mr. Bogle on CNBC today--International and Bonds

jnet2000 wrote:Mr. Bogle makes a good case. But I plan to stay the course and keep no more than 20% of my stock allocation in International stocks. I don't agree with everything Vanguard recommends either and plan to stay the course and not invest in International Bonds. Thanks for sharing.

+1
by convert949
Fri Jan 30, 2015 8:53 am
Forum: Investing - Theory, News & General
Topic: The lowest stock allocation you plan to stay with
Replies: 79
Views: 5996

Re: The lowest stock allocation you plan to stay with

Currently 65 YO and at 35% equity. Will consider 30% at 70. Can't see going lower than that...
by convert949
Thu Jan 29, 2015 12:02 pm
Forum: Investing - Theory, News & General
Topic: Why not a 2 fund portfolio like Bogle suggests
Replies: 45
Views: 6615

Re: Why not a 2 fund portfolio like Bogle suggests

Part of me wonders if some people would benefit from a 2 or 3 fund portfolio but they have spent so many hours researching investment strategies that they will feel they wasted their time if they choose something so simple. My only comment is that the more I read, researched and followed the forum,...
by convert949
Wed Jan 28, 2015 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Short Term TIPS vs. Intermediate Term Funds
Replies: 8
Views: 1511

Re: Short Term TIPS vs. Intermediate Term Funds

convert949 in this post wrote: [ I ] have always followed Larry Swedroe's advice to look for 20 basis points per year of duration as a way of determining the relative risk/return of short/intermediate bond funds. By that definition, the short term fund would be advantageous as it has the same SEC y...
by convert949
Tue Jan 27, 2015 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Short Term TIPS vs. Intermediate Term Funds
Replies: 8
Views: 1511

Re: Short Term TIPS vs. Intermediate Term Funds

I was comparing the performance of short vs. intermediate term TIPS. Anyone understand what is happening with short term TIPS? Update - I guess it is all period dependent. I went all the back to the start of the ST TIPS fund (10/2012). Going back to that VTIP is down -2.75%. But VAIPX is down -10.1...
by convert949
Tue Jan 27, 2015 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Short Term TIPS vs. Intermediate Term Funds
Replies: 8
Views: 1511

Re: Short Term TIPS vs. Intermediate Term Funds

TIPS are different, and Swedroe discusses this in his books and posts. At a given yield curve, you normally go out further in duration with TIPS than with nominals. Or to put it in very crude terms, a 10-year TIPS occupies more or less the same niche as a 5-year nominal. Understood... But it would ...
by convert949
Tue Jan 27, 2015 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Short Term Bonds in Taxable
Replies: 6
Views: 1267

Re: Short Term Bonds in Taxable

Hi. I know that bond funds are not tax efficient and should, in general, be kept in tax-advantaged accounts. However, I currently have both VG Short Term Investment Grade (1.70% yield) and Limited Term Tax Exempt (0.86% yield) in my taxable account. I am holding these for a shorter term savings hor...
by convert949
Tue Jan 27, 2015 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Short Term TIPS vs. Intermediate Term Funds
Replies: 8
Views: 1511

Re: Short Term TIPS vs. Intermediate Term Funds

cb474 wrote: In principle, the intermediate term fund will provide a greater return over the long run, but be more volatile, and the short-term fund with provide less return over the long run, but be less volatile. Other bogleheads I'm sure could offer a more sophisticated analysis of the distincti...
by convert949
Tue Jan 27, 2015 7:58 am
Forum: Investing - Help with Personal Investments
Topic: Short Term TIPS vs. Intermediate Term Funds
Replies: 8
Views: 1511

Short Term TIPS vs. Intermediate Term Funds

Some time ago, I ventured into TIPS with a portion of our retirement accounts. We put 2/3 into the intermediate term fund VAIPX and 1/3 in the Short Term Index VTAPX. The split was across two accounts and the purpose was to take advantage of Admiral Shares for both purchases as well as to shorten th...

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