Search found 575 matches

by friar1610
Mon May 30, 2016 4:15 pm
Forum: Investing - Theory, News & General
Topic: Retiree feelings about nest egg
Replies: 33
Views: 4858

Re: Retiree feelings about nest egg

I have been retired for 5+ years. We live off my pension and our SS and have not had to tap savings yet. However, my pension is not COLA adjusted so at some point will have to tap savings to offset inflation. I can say that being without human capital and no longer accumulating savings is a definit...
by friar1610
Fri May 27, 2016 3:28 pm
Forum: Personal Consumer Issues
Topic: Do I want a house with a pool?
Replies: 85
Views: 5152

Re: Do I want a house with a pool?

reriodan wrote:No, you want a friendly neighbor with a pool.



+1

And the same pertains to boats.
by friar1610
Wed May 25, 2016 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Exchange from Lifestrategy to Target Date
Replies: 15
Views: 1479

Re: Exchange from Lifestrategy to Target Date

Or hold onto the LS until the next big market downturn and liquidate then. Depending on your cost basis you can minimize or possibly eliminate the tax hit.
by friar1610
Wed May 25, 2016 4:08 pm
Forum: Personal Consumer Issues
Topic: WW2 Books & Education
Replies: 91
Views: 2897

Re: WW2 Books & Education

OP, I don't know where you live but if you ever get close to New Orleans and are still interested in this topic you should plan to spend the day at the National WWII Museum. It has been routinely added to over the years since it opened and it's a fantastic experience. http://www.nationalww2museum.o...
by friar1610
Wed May 25, 2016 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Customer Service
Replies: 151
Views: 11134

Re: Keep it simple and stay the course

[... But my portfolio is very simple, and in the 15 - 16 years I've been with Vanguard I've never had to call them. And it could be another 10 years before I have to call them, since I'm 60, and 10 years away from RMD's. I'm cautiously optimistic that I won't have to worry about Vanguard's customer...
by friar1610
Wed May 25, 2016 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: how to utilize my annuity in portfolio allocation
Replies: 22
Views: 1322

Re: how to utilize my annuity in portfolio allocation

I bought a non-qualified VA from Fidelity a number of years ago. You might say I was "duped" but I prefer to take responsibility for failing to study the implications as thoroughly as I should have - caveat emptor and all that. Similar to others who have posted in this thread I now hold a ...
by friar1610
Sat May 21, 2016 11:50 am
Forum: Investing - Theory, News & General
Topic: NFCU Military Appreciation Month
Replies: 6
Views: 814

Re: NFCU Military Appreciation Month

tomd37 wrote:Bumping this post as we go into the last week for the offer. The post has 500+ reads thus far.


Thanks for you initial post on this subject. My wife and I each bought one.
by friar1610
Mon May 09, 2016 9:52 am
Forum: Investing - Theory, News & General
Topic: Where is Rick Ferri? [Portfolio Solutions management and fee structure]
Replies: 95
Views: 15860

Re: Where is Rick Ferri? [Portfolio Solutions management and fee structure]

A perfect example of why you are better off with Vanguard and their .30 fee and index funds if you want help. I will never hand over the keys to a small firm that can change in a heartbeat. The older I get the more I see the wisdom of simplicity and the value of forgetting about trying to get an ex...
by friar1610
Mon May 02, 2016 4:14 pm
Forum: Investing - Theory, News & General
Topic: NFCU Military Appreciation Month
Replies: 6
Views: 814

Re: NFCU Military Appreciation Month

Thank you; haven't been checking NFCU regularly but think I will hop on this.
by friar1610
Mon May 02, 2016 4:13 pm
Forum: Investing - Theory, News & General
Topic: Minimizing equities until a bear market if you already have enough
Replies: 22
Views: 2058

Re: Minimizing equities until a bear market if you already have enough

I've been mulling over something similar to what you mention but not exactly the same... We're at 40% equities right now (all VG Total Stock Market + Developed Markets). We've "won the game" - not because we have such a large portfolio but because I have an excellent inflation-adjusted pen...
by friar1610
Sun May 01, 2016 11:31 am
Forum: Investing - Theory, News & General
Topic: [favorite] Boglehead quotes
Replies: 63
Views: 6798

Re: [favorite] Boglehead quotes

I just started reading "The Wright Brothers" by David McCullough. Their father, a clergyman, Bishop Milton Wright, said something that sounded very Bogleheadish to me: "All the money anyone needs is just enough to prevent one from being a burden on others."
by friar1610
Sat Apr 30, 2016 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: VG - brokerage "upgrade"
Replies: 14
Views: 1746

Re: VG - brokerage "upgrade"

The change to Federal Money Market Fund is primarily due to a change in regulations and not a business reason, and it's completely separate from the brokerage upgrade. Yes; I get the point about the change in regulations driving the conversion to a Federal MMF. But here's what I'm having trouble wi...
by friar1610
Fri Apr 29, 2016 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: VG - brokerage "upgrade"
Replies: 14
Views: 1746

Re: VG - brokerage "upgrade"

I got a phone call today from my Flagship rep pitching the "upgrade." Either I am dense and couldn't understand what the benefit to me is or the rep didn't adequately explain it. (I should mention that I have no interest in or need to trade individual stocks or ETFs - I'm strictly a mutual...
by friar1610
Tue Apr 26, 2016 5:48 pm
Forum: Investing - Theory, News & General
Topic: The Economy and the Stock Market
Replies: 4
Views: 742

Re: The Economy and the Stock Market

Good analogy. My dog Charlie liked it too.

Reminds me of another one I heard many years ago which likened the long term progress of "the market" to someone walking up a flight of stairs with a yo-yo. Long term trend is up but the yo-yo moves up and down regularly.
by friar1610
Sun Apr 24, 2016 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for post retirement career
Replies: 53
Views: 3077

Re: Advice for post retirement career

Some software companies that build applications or do customized "solutions" often hire "subject matter experts" or SMEs. These are people who support the sales and development staff and act as go-betweens (between the customer and the sales/development staff) because they can re...
by friar1610
Fri Apr 22, 2016 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Question for the Bogleheads Millionaires
Replies: 372
Views: 56454

Re: Question for the Bogleheads Millionaires

Come up north - do you know how much it costs to find a burial plot? Even a simple funeral costs $$$. Anyone who is a veteran can get a free burial plot (+ one for spouse) at a National Cemetery. You also get a free gravestone (very simple but serves the purpose.) I plan to be buried at the Massach...
by friar1610
Sun Apr 17, 2016 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Buying house with effectively no long term equity
Replies: 29
Views: 3181

Re: Buying house with effectively no long term equity

Sounds to me that if you pursue this deal you would be getting all the disadvantages of renting with few of the benefits. Plus, all the disadvantages of home ownership with few of the benefits.

I have never been to that location so admittedly have zero understanding of its charm and other advantages.
by friar1610
Sat Apr 16, 2016 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Postnuptial agreement for Physician
Replies: 94
Views: 6684

Re: Postnuptial agreement for Physician

Just some things to think about though: If your wife were to become ill and couldn't work, would you resent her for delaying your financial independence? If you were to have a child and that child required you or your wife to provide care 24/7, would you resent your child for delaying your financia...
by friar1610
Wed Apr 13, 2016 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Switch to Geico from USAA
Replies: 32
Views: 2267

Re: Switch to Geico from USAA

Don't forget to factor in the value of the annual refund of a portion of your Subscribers' Savings Account from USAA. Depending on how much you receive (and it varies year-to-year based on claims experience) you may be paying less than you think for USAA.
by friar1610
Tue Apr 12, 2016 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: VWINX a 1-Stop Shop? [Vanguard Wellesley]
Replies: 43
Views: 6398

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

Interesting thread. I've mentioned in a couple of recent posts that I'm considering giving a small jolt to our 100% Total Bond Market Index IRAs which represent most of the bonds in a 56% bond/40% equity/4% cash portfolio. 71 & 69 with one of taking unneeded RMDs and the other soon to. When I lo...
by friar1610
Tue Apr 12, 2016 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds are such a lousy investment
Replies: 43
Views: 5093

Re: Bonds are such a lousy investment

My wife and I have have about 30% of our assets in Rollover IRAs holding exclusively VG Total Bond Fund. Overall AA is 56% bond/40% equity/4% cash. 71 and 69 years old. I spend a lot of time looking at several possibilities to "goose" those currently paltry bond returns: - putting 25% in V...
by friar1610
Mon Apr 11, 2016 5:05 pm
Forum: Personal Consumer Issues
Topic: Non-traditional routes to teacher certification
Replies: 28
Views: 2011

Re: Non-traditional routes to teacher certification

One unrelated thing he may want to consider - joining the Reserves. He's halfway to the 20 years (combination active and reserve years), would supplement his teacher salary and would have a 2nd retirement income to look forward to. I've known a number of teachers who have been career reservists as w...
by friar1610
Mon Apr 11, 2016 10:52 am
Forum: Investing - Theory, News & General
Topic: TIAA-CREF dramatically increasing Expense Ratios
Replies: 95
Views: 16475

Re: TIAA-CREF dramatically increasing Expense Ratios

Again, what I'm trying to find out: - Is her "Retail" class account affected by the new ER changes...? No. The R1-R2-R3 business has to do with the CREF variable annuities, such as "CREF Stock", "CREF Social Choice", etc. During accumulation phase, these variable annui...
by friar1610
Sun Apr 10, 2016 5:49 pm
Forum: Investing - Theory, News & General
Topic: TIAA-CREF dramatically increasing Expense Ratios
Replies: 95
Views: 16475

Re: TIAA-CREF dramatically increasing Expense Ratios

When I read this thread I said to myself, "My daughter has TIAA Mutual Funds; I'd better check what this means to her." So she gave me her log-in credentials and I checked her account on-line at TIAA.org. There were two things I was trying to determine: 1. Where does she fall in this R1, R...
by friar1610
Sat Apr 09, 2016 2:21 pm
Forum: Investing - Theory, News & General
Topic: Not Miller Time
Replies: 5
Views: 1476

Re: Not Miller Time

When I was preparing to retire from the Navy in 1996 I saw an ad in the Baltimore Sun (I was living in MD at the time) for "financial planners" at Legg-Mason. I sent in a resume and was eventually put in touch with a retired naval officer working there. He leveled with me and said you were...
by friar1610
Fri Apr 08, 2016 3:10 pm
Forum: Investing - Theory, News & General
Topic: How to use Vanguard Portfolio Watch for rebalancing
Replies: 63
Views: 21803

Re: How to use Vanguard Portfolio Watch for rebalancing

I use PW much as Livesoft described it. I have a fairly simple portfolio (4 VG funds at the moment plus several outside investments - CDs, I-Bonds.) It does everything I need it to do. I probably waste more time than I should looking at the Portfolio Tester and seeing what other variations on my por...
by friar1610
Fri Apr 08, 2016 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Tweak retirement portfolio or leave well enough alone?
Replies: 3
Views: 433

Re: Tweak retirement portfolio or leave well enough alone?

I think you are doing just fine and will be either way. Sounds like a lot of Wellington (active fund) but a lot of retirees like it. Balanced fund could be another alternative, but so is Total Stock Market. If you are in 15% bracket now, expect 25% bracket when one dies. The 25% bracket is pretty b...
by friar1610
Fri Apr 08, 2016 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Tweak retirement portfolio or leave well enough alone?
Replies: 3
Views: 433

Tweak retirement portfolio or leave well enough alone?

Would appreciate the thoughts of other Bogleheads on the following. I realize that I may be just getting the urge to tweak things more than they need to be tweaked and therefore need another hobby. Or, I may be considering a sensible adjustment to my portfolio. Please let me know what you think. Bac...
by friar1610
Wed Apr 06, 2016 2:09 pm
Forum: Investing - Theory, News & General
Topic: Are you planning to leave an "estate"?
Replies: 74
Views: 7278

Re: Are you planning to leave an "estate"?

I'm more concerned with leaving enough for my wife to live on comfortably than I am about leaving an estate for my kids (although that would be desirable and is likely.) a good chunk of my pension disappears when I die so it's important there's an estate the earnings on which will make up that finan...
by friar1610
Tue Apr 05, 2016 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance For Newborn?
Replies: 49
Views: 3284

Re: Life Insurance For Newborn?

Toons wrote:Waste Of Money
:happy


I didn't think so. But then it was my money, not yours. :happy
by friar1610
Tue Apr 05, 2016 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance For Newborn?
Replies: 49
Views: 3284

Re: Life Insurance For Newborn?

If you can get a low-cost term policy that has an option to purchase more insurance at some point in the future (generally on the insured's 18th or 21st birthday) without providing evidence of insurability, it may be worth buying. Under what conditions would such a product be worth buying? When the...
by friar1610
Sun Apr 03, 2016 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance For Newborn?
Replies: 49
Views: 3284

Re: Life Insurance For Newborn?

If you can get a low-cost term policy that has an option to purchase more insurance at some point in the future (generally on the insured's 18th or 21st birthday) without providing evidence of insurability, it may be worth buying. Otherwise, probably not.
by friar1610
Sun Apr 03, 2016 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax [Frustration]
Replies: 19
Views: 2359

Re: TurboTax [Frustration]

I used the free on-line version of TT the past x years when it was free via Vanguard. Since it was no longer free this year, I bought the CD version from Amazon with a coupon - think it was $30 or so Fed and State. I'm think I had the impression the free e-file applied to both but learned it was an ...
by friar1610
Sat Apr 02, 2016 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Switching from First Command to Vanguard. Advice?
Replies: 19
Views: 2519

Re: Switching from First Command to Vanguard. Advice?

I'll leave it to others to make specific recommendations on investments. But my advice is to run, don't walk, away from First Command as fast as you can. I say this as someone who started his investing career with them (back when they were called USPA & IRA.) I will say that they got me in the h...
by friar1610
Fri Apr 01, 2016 7:17 am
Forum: Investing - Theory, News & General
Topic: T. Rowe Price Active Management Betters Benchmarks
Replies: 24
Views: 2306

Re: T. Rowe Price Active Management Betters Benchmarks

I owned several T. Rowe Price managed funds in my pre-Boglehead days. I always thought of Price as a solid, reputable firm. I lived in the Baltimore area at that time and they were one of the stalwarts of the local business community. But, that was them and I am a committed indexer now,
by friar1610
Tue Mar 29, 2016 10:22 am
Forum: Investing - Theory, News & General
Topic: Taylor Larimore on Bear Markets
Replies: 31
Views: 3693

Re: Taylor Larimore on Bear Markets

Thanks for reposting Taylor's timeless caution. I may have seen it before but don't specifically recall it. As one who has basically won the game (largely thanks to a military pension, a decent portfolio and a modest lifestyle), I'm frequently tempted to "goose" my equity holdings beyond t...
by friar1610
Fri Mar 25, 2016 8:32 pm
Forum: Personal Consumer Issues
Topic: What passive things you do beside investing??
Replies: 44
Views: 3860

Re: What passive things you do beside investing??

Driving sanely rather than aggressively. (Easier said than done in and around Boston!) :annoyed
by friar1610
Wed Mar 23, 2016 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Babysitter not providing SSN
Replies: 74
Views: 8459

Re: Babysitter not providing SSN

I'm an older retired guy who has no need for sitters any more. Reading this thread I'm just amazed at how complicated a situation as seemingly simple as hiring a baby sitter has become! (Although I appreciate the bind the OP is in.) You and I (I am also older semi-retired guy) may very well be in n...
by friar1610
Wed Mar 23, 2016 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Babysitter not providing SSN
Replies: 74
Views: 8459

Re: Babysitter not providing SSN

I'm an older retired guy who has no need for sitters any more. Reading this thread I'm just amazed at how complicated a situation as seemingly simple as hiring a baby sitter has become! (Although I appreciate the bind the OP is in.)
by friar1610
Sun Mar 20, 2016 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Account Aggregation tools?
Replies: 14
Views: 922

Re: Account Aggregation tools?

As stated above, I enter the information from outside investments manually (this includes Treasury Direct), do this once a month or less, and the number is close enough. This, combined with Vanguard's Portfolio Analyzer, given me enough. I have never tracked return, just watched the total grow over...
by friar1610
Sun Mar 20, 2016 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirees - What triggered you to retire?
Replies: 96
Views: 10491

Re: Early Retirees - What triggered you to retire?

I had 2 retirements. The first was from the Navy when I was 51. I pretty much enjoyed my Navy career but was getting worn down on the bureaucratic BS in my final assignment at a large Defense agency. At that point I had been on active duty for about 28 years. At my rank I could have remained for 2 m...
by friar1610
Fri Mar 18, 2016 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Voice recognition?
Replies: 7
Views: 751

Re: Vanguard Voice recognition?

We've used it for several years and have found it to be very convenient. I'm not proficient enough technically to evaluate its security effectiveness.
by friar1610
Fri Mar 18, 2016 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Age 29; stay in smaller house or buy a bigger house?
Replies: 44
Views: 4208

Re: Age 29; stay in smaller house or buy a bigger house?

We have a 3 bedroom 1.5 bath and had 2 girls. It was not too tight. Resisted the moves to upgrade. Worked out fine. No college debt, no wedding debt and could help with their grad school/down payment. They have moved out and we are considering down sizing. With 3 kids it might be more of a challeng...
by friar1610
Fri Mar 18, 2016 5:55 pm
Forum: Personal Consumer Issues
Topic: Sedans and kayaks.
Replies: 23
Views: 1657

Re: Sedans and kayaks.

Thanks for all the helpful responses. A bit of research ahead of me. A couple of amplifications to the original post: - the kayaks are 13' and 14' Neckys. They are not particularly light. - it normally takes both me AND my wife to get the kayaks lifted and in place in the J-holders. - we normally pa...
by friar1610
Fri Mar 18, 2016 12:24 pm
Forum: Personal Consumer Issues
Topic: Sedans and kayaks.
Replies: 23
Views: 1657

Sedans and kayaks.

I'm considering replacing my 2005 Volvo XC-70 (wagon) this summer. My wife and I each have a kayak and the Volvo has been great for transporting them (Volvo built-in roof rails plus Thule J-shaped kayak carriers.) We are getting along in years (71/70) and not sure how many years of paddling we have ...
by friar1610
Thu Mar 17, 2016 12:36 pm
Forum: Investing - Theory, News & General
Topic: The Bogleheads Code (my short version)
Replies: 27
Views: 4979

Re: The Bogleheads Code (my short version)

BlueEars wrote:When does Code = Religion ?

Can one post here if he doesn't sign up? :wink:

Is there forgiveness? Tolerance?


Why do you think John Bogle's nickname is "St. Jack?"
:happy
by friar1610
Thu Mar 10, 2016 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Best Mortgage for Marine's Family (Florida)
Replies: 12
Views: 856

Re: Best Mortgage for Marine's Family (Florida)

I'm retired from the Navy and have been since 1996. I served during the "golden age" for real estate in general and for military folks buying/selling in particular. I bought and sold 4 homes over the course of a 28 year career - broke even on one and made nice profits on the others. I had ...
by friar1610
Sat Mar 05, 2016 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Do most of you plan to retire "full-time"?
Replies: 126
Views: 10991

Re: Do most of you plan to retire "full-time"?

I will not work again for money the rest of my life. That's exactly how I feel. I've kept plenty busy with a variety of volunteer activities which are definitely "work" but don't pay. I do them because I enjoy them. (I have gotten sick of a few of them after a few years so I've moved onto...
by friar1610
Sat Mar 05, 2016 7:26 am
Forum: Investing - Theory, News & General
Topic: Planet Money Podcast on Indexing
Replies: 14
Views: 2210

Re: Planet Money Podcast on Indexing

kenner wrote:So, who won the bet?

Or, if the bet is ongoing, who's leading and by how much?


Thought it covered that in the podcast...bet ends in 2018 (it covered 10 years). Warren is significantly ahead. The hedge guy has all but conceded he will lose (unless there's another recession.)
by friar1610
Fri Mar 04, 2016 10:06 pm
Forum: Investing - Theory, News & General
Topic: Planet Money Podcast on Indexing
Replies: 14
Views: 2210

Planet Money Podcast on Indexing

For those who listen to podcasts, Planet Money's podcast #688 is about the famous Warren Buffet bet between the S&P 500 and a basket of hedge funds. The podcast discusses the bet, the pros and cons of indexing and has a few John Bogle sound bites. It won't tell anyone who frequents this board an...

Go to advanced search