Search found 620 matches

by friar1610
Thu Jul 28, 2016 11:01 am
Forum: Investing - Theory, News & General
Topic: Vanguard Dividend Growth just closed (effective *now*)
Replies: 20
Views: 1445

Re: Vanguard Dividend Growth just closed (effective *now*)

Not to get this thread off-topic, but... I've been considering moving a portion of my IRA (currently 100% Total Bond Index) to Wellesly Income. Since the stock portion of Wellesly is "valuey" and "dividendy" and is managed by Wellington Mgt as well, I wonder if there's any danger...
by friar1610
Tue Jul 26, 2016 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Premium increase for federal employee long term care insurance
Replies: 50
Views: 3492

Re: Premium increase for federal employee long term care insurance

On a more useful note, an article of interest (7/26/16) to those currently enrolled in FLTCIP: Most long-term insurance care enrollees are eligible for little-known benefit, at https://www.washingtonpost.com/news/powerpost/wp/2016/07/26/most-long-term-insurance-care-enrollees-are-eligible-for-littl...
by friar1610
Mon Jul 25, 2016 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement for Women(?)
Replies: 34
Views: 3183

Re: Retirement for Women(?)

Women tend to spend longer times in nursing homes than men. And this fact comes out in spades with respect to the recently announced increases in premiums for the Federal Long Term Care Insurance Program which is the subject of another thread. The increases for my wife's plan are considerably highe...
by friar1610
Mon Jul 25, 2016 5:06 pm
Forum: Investing - Theory, News & General
Topic: NY State College 529
Replies: 6
Views: 502

Re: NY State College 529

I'm a grandparent too. If you live in a state with income tax AND you can get a break (deduction, tax credit, whatever) on your state income tax, that may be the way to go. (I say may because the plan for your state might be undesirable for reasons of cost, fees, investment choices, etc. and you may...
by friar1610
Sun Jul 24, 2016 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Premium increase for federal employee long term care insurance
Replies: 50
Views: 3492

Re: Premium increase for federal employee long term care insurance

I've finally had a chance to sit down and analyze my letter. I've had the insurance since it was first available, about 13 years ago. I originally opted for the $150/day coverage for both me and my wife. 90 day waiting period; 3 year benefit period for me; 5 years for her. The plan originally had a ...
by friar1610
Sat Jul 23, 2016 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Premium increase for federal employee long term care insurance
Replies: 50
Views: 3492

Re: Premium increase for federal employee long term care insurance

Several people asked in earlier posts if anyone has had any experience with either the Federal LTC program or with John Hancock. The link below is to a post by Doug Nordman ("Nords") who runs a military retirement web site, posts on the Early Retirement/Financial Independence boards and wh...
by friar1610
Fri Jul 22, 2016 5:46 pm
Forum: Investing - Theory, News & General
Topic: Recession post-election?
Replies: 40
Views: 2775

Re: Recession post-election?

Have an age/time-to-retirement appropriate AA and emergency fund and ignore the noise. After the election, markets will either go up, go down, or stay flat. Sadly, my Tardis is broken, so I don't know which it will be. :happy I know a guy at the gym who is retired from Wellington Management (which ...
by friar1610
Wed Jul 20, 2016 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Just got back from Europe...ready to sell my International...
Replies: 82
Views: 9387

Re: Just got back from Europe...ready to sell my International...

When I've travelled internationally in recent years, I've always returned feeling that my decision to invest internationally has been reinforced by the trip. There's obvious economic activity in the countries I've visited and it serves as a good reminder that the good ol' USA is not the only place w...
by friar1610
Wed Jul 20, 2016 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, at what age did you "retire"? Is it working out?
Replies: 57
Views: 7877

Re: Early retirees, at what age did you "retire"? Is it working out?

Retired from the Navy at 50. Worked for a few companies until age 58 when I retired for good. My wife, who had been a SAHM until the kids were in HS, stopped working 2 years after I did. The Navy pension and, later SS, provide a steady "paycheck" in retirement. The investments have been ic...
by friar1610
Sun Jul 17, 2016 10:07 pm
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this
Replies: 211
Views: 49690

Re: I can't believe I am thinking this

I'm at 50/50 US/INTL because I believe valuations do have significant influence on long term returns, 10 years of so. Currently while the US market is generously valued in my view, at or near all time highs, both DM and especially EM have been struggling for years. Their struggles may continue or a...
by friar1610
Sat Jul 16, 2016 9:37 am
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this
Replies: 211
Views: 49690

Re: I can't believe I am thinking this

friar1610 wrote: I'd be interested in knowing what AA you'd recommend going forward if one wanted to keep it relatively conservative, track inflation and (maybe a bit more) but take no exhorbitant risk on the equity side. Figure a need for 25 years or so with a 3-ish% withdrawal rate. Also figure t...
by friar1610
Fri Jul 15, 2016 7:57 pm
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this
Replies: 211
Views: 49690

Re: I can't believe I am thinking this

30:70 worked very well in 2008 and it also works well on backtesting for longer periods in the past. No doubt it helped you to sleep at night during the 2007-9 crisis. For longer time periods going forward, however, like the next 30 - 40 years returns may not be as good as long term backtesting sta...
by friar1610
Tue Jul 12, 2016 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity - stick it out or bail ?
Replies: 4
Views: 530

Re: Annuity - stick it out or bail ?

The new Jane Bryant Quinn book, "Making Your Money Last", has a chapter on annuities that explains all of this in detail. I only skimmed it because I wasn't interested but it may be worth a close look. I got it at my local library.
by friar1610
Tue Jul 12, 2016 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: How does VPAS work?
Replies: 3
Views: 439

Re: How does VPAS work?

I don't know the answers to all your questions. But the answer to 2 is no. That's why I haven't considered VPAS in my planning for my wife should she become my widow. Although all our mutual funds are with VG, we also have CDs, I-bonds and CU MM accounts which, for the most part we want to retain. I...
by friar1610
Mon Jul 11, 2016 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Increasing equity allocation - do it in taxable or IRA
Replies: 0
Views: 124

Increasing equity allocation - do it in taxable or IRA

I've made a decision over the past several months to change my/our AA from 40% equity to 45%. (I realize this is nothing earth-shaking.) The increase will come from adding to our VG Total Stock Market (VTSAX) position (our only domestic equity holding.) There are two options for making the change: 1...
by friar1610
Fri Jul 08, 2016 4:45 pm
Forum: Investing - Theory, News & General
Topic: Fidelity pushing for high equity allocation?
Replies: 7
Views: 677

Fidelity pushing for high equity allocation?

I assist my mid-40's unmarried daughter with her investment planning. She is a nurse working at a hospital where Fidelity is the 403B provider. Fido offers a dizzying array of funds in the plan but fortunately there are enough index funds (what used to be Spartan funds but I know there has been a re...
by friar1610
Fri Jul 08, 2016 3:59 pm
Forum: Investing - Theory, News & General
Topic: What's your asset allocation and why?
Replies: 103
Views: 5420

Re: What's your asset allocation and why?

40/55/5 at ages 71/70. 20-25% of equities in international. Essentially a classic VG 3 fund port although fixed includes a chunk of I-bonds and some CDs. IRAs are 100% VG Total Bond although I've been considering converting about 15% of IRAs to equity either via VG Total Stock Index or Wellesley (wh...
by friar1610
Mon Jul 04, 2016 2:50 pm
Forum: Investing - Theory, News & General
Topic: "Less is More"
Replies: 15
Views: 2988

Re: "Less is More"

Levett wrote:"The Paradox of Choice."

You can read the book or listen to the talk.

https://www.ted.com/talks/barry_schwartz_on_the_paradox_of_choice?language=en

Lev


Very interesting talk (only 20 min or so). Thanks for posting the link.
by friar1610
Fri Jul 01, 2016 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: "Upgrade" VG taxable account to Brokerage?
Replies: 5
Views: 330

Re: "Upgrade" VG taxable account to Brokerage?

If you are strictly a MF guy (as I am) there is no particular reason to do this but there is no disadvantage that I'm aware of either. You will have to do it if you want checkriting privileges/a debit card for the MM fund. I did the upgrade and it was a non-event.
by friar1610
Fri Jul 01, 2016 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: My Variable Annuity [what do I have?]
Replies: 12
Views: 847

Re: My Variable Annuity [what do I have?]

itstoomuch wrote:
ALL retirement plans (ira, roth, 401k,, pensions, 457, etc) eventually convert into some type of life Income or annuity.

Ymmv


Can you explain what you mean by his?
by friar1610
Thu Jun 30, 2016 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Do I worry about turnover rate in RothIRA?
Replies: 6
Views: 404

Re: Do I worry about turnover rate in RothIRA?

Although the higher turnover won't effect taxes in a Roth, the trading expenses will have some impact on your overall returns.
by friar1610
Mon Jun 27, 2016 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Changing from annuity to low cost adviser
Replies: 4
Views: 427

Re: Changing from annuity to low cost adviser

Is it a good time to change from a variable annuity to a fiduciary financial adviser with brexit and the stock market instability? I will have to pay a surrender fee that is around $28k but will be made up in 2 years of not paying more than 3% fees. This adviser and funds will cost about 1.2% offer...
by friar1610
Mon Jun 27, 2016 9:36 am
Forum: Investing - Theory, News & General
Topic: Developed Mkts/Emerging Mkts Relative Drops
Replies: 6
Views: 736

Developed Mkts/Emerging Mkts Relative Drops

I noticed that on Friday that Developed Markets indexes dropped by a greater percentage than Emerging Markets indexes. At least as of this hour, the same trend seems to be continuing today. I'm curious as to why this is the case. The only thing I can figure out is that more Developed Market countrie...
by friar1610
Fri Jun 24, 2016 6:19 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Total International] ETF currently down 7.09% - Time to sell?
Replies: 39
Views: 4067

Re: Vang TIn'tSMI ETF currently down 7.09%

The longer the period you look at the less dramatic the drops seem. Sorta helps keep things in perspective. If it begins to look dramatic on the one year graph it might be time to buy. Longer periods can fool you because they will not plot every point but might plot every tenth point. So last week ...
by friar1610
Fri Jun 24, 2016 4:16 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Total International] ETF currently down 7.09% - Time to sell?
Replies: 39
Views: 4067

Re: Vang TIn'tSMI ETF currently down 7.09%

Is looking at Vanguard Total International Stock ETF price movement near close good prediction of the price movement equivalent mutual fund will get? That's as good as you can get if you want to track it during the day. When the MF price (NAV) is computed after the market closes you can see how clo...
by friar1610
Fri Jun 24, 2016 12:06 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Total International] ETF currently down 7.09% - Time to sell?
Replies: 39
Views: 4067

Re: Vang TIn'tSMI ETF currently down 7.09%

I have an app on my iPod Touch for stocks. I have all the ETFs that correspond to my VG MFs programmed so I can check them during the day (on the rare occasions I feel the need to.) There are also graphs you can set for day, week, month, 6 months and 1 year. On the one day graphs these drops look qu...
by friar1610
Mon Jun 20, 2016 6:08 am
Forum: Investing - Help with Personal Investments
Topic: Debt Free [Investment help for deployed airman]
Replies: 23
Views: 1684

Re: Debt Free

Congratulations! I don't know the specific funds in the TSP, but my understanding is the options are very good. Being 23, my advice would be to invest everything or close to it in a low cost equities index. Having a stable job, you could also consider less vanilla investments like rental properties...
by friar1610
Mon Jun 13, 2016 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Risk & Investment Horizon
Replies: 6
Views: 440

Re: Risk & Investment Horizon

I am 71 (spouse 69) also with SS and a military pension. In our case SS (my wife draws a small benefit also) + the military pension are a bit more than sufficient to cover monthly expenses. I generally invest my RMD (which is not huge) in a taxable account. My wife will start her RMD in 2017. All th...
by friar1610
Sun Jun 12, 2016 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Donate stock instead of cash?
Replies: 47
Views: 2121

Re: Donate stock instead of cash?

Time and trouble depends on your broker and the recipient. It could take about a minute at TDAmeritrade and about 2 weeks at Vanguard. Actually, in my experience, Vanguard has always processed the request the same day it is received. On numerous occasions I've mailed the form on day X, and on day X...
by friar1610
Sat Jun 11, 2016 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to Less Expensive House, Should We Use a Bridge Loan?
Replies: 5
Views: 860

Re: Moving to Less Expensive House, Should We Use a Bridge Loan?

You should consider a "Home Equity Line of Credit". You generally need to apply for these before you put your house on the market. You can get a line of credit from most any bank bank for up to 90% of the equity in your house. Then when you buy the second house, you can draw on the line o...
by friar1610
Sat Jun 11, 2016 8:33 am
Forum: Investing - Theory, News & General
Topic: Inevesting Mistakes or Regrets
Replies: 49
Views: 4576

Re: Inevesting Mistakes or Regrets

1. Starting my investing career with a front-loaded, high expense contractual mutual fund. On the plus side it got me into regular investing via DCA but the lesson was more expensive than it needed to be. 2. Buying into a variable annuity while still on military active duty. Erroneously thought I ne...
by friar1610
Fri Jun 10, 2016 9:22 am
Forum: Investing - Theory, News & General
Topic: Fidelity Portfolio Advisory Service
Replies: 68
Views: 43823

Re:

SirHorace wrote: Their plan would have me in 38 funds!!! I think the composite ER was somewhere between 1-2 % (I can't remember the exact value but I think it was closer to 2%). In reading the proposal I got the feeling that they had thrown in everything including the kitchen sink!!! A person at my...
by friar1610
Wed Jun 08, 2016 2:14 pm
Forum: Investing - Theory, News & General
Topic: What are your friends saying about you?
Replies: 127
Views: 11137

Re: What are your friends saying about you?

Most of my friends think I'm a poor teacher. They don't really have any idea about how much I save and have invested. They notice me driving inexpensive cars, bringing lunch from home everyday, sporting sunglasses from the dollar store, and they are probably under the impression that I could barely...
by friar1610
Tue Jun 07, 2016 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Heir is on Medicaid
Replies: 9
Views: 1419

Re: Heir is on Medicaid

My experience was with a different state, so I echo the advice to consult a lawyer. That said, I was executor for my aunt's estate. (She was a resident of MA.) Out of six heirs, one was in a CT nursing home via Medicaid. All of her inheritance went to the State of CT.
by friar1610
Sun Jun 05, 2016 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: How important to hold EM?
Replies: 13
Views: 1043

Re: How important to hold EM?

I do not see how anyone can really answer that question. I can say that if one looks at the Callan "Periodic Table" of investment class returns that EM equities are usually in the top two best performers or the bottom two worst performers each year. So it is nice to own EM in the good yea...
by friar1610
Sun Jun 05, 2016 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: How important to hold EM?
Replies: 13
Views: 1043

How important to hold EM?

Would appreciate any insights, especially from more conservative, retired investors. The question: how important do you think it is to hold Emerging Markets, more or less at market weight, in your international allocation? The particulars: Ages 71/69, retired. Low 7 figure index portfolio currently ...
by friar1610
Sat Jun 04, 2016 5:16 pm
Forum: Investing - Theory, News & General
Topic: What are the biggest criticisms about the Boglehead way?
Replies: 243
Views: 21207

Re: What are the biggest criticisms about the Boglehead way?

I think one of the most valid points of criticism against indexing in general is that indexing has been popularized over the past 8 years or so--in other words, during one of the biggest bull markets we've seen in generations. There is very little data for how well index funds perform in bear marke...
by friar1610
Sat Jun 04, 2016 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Charge in USD or local (foreign) currency?
Replies: 4
Views: 246

Charge in USD or local (foreign) currency?

Is there a general rule of thumb to follow when traveling internationally and you're asked whether you want a credit card sale to be made in US$ or the local currency (e.g., pounds or euros)? Let's assume there is no "foreign transaction fee" in either case.
by friar1610
Thu Jun 02, 2016 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: How to get a real Chip and Pin card?
Replies: 83
Views: 8654

Re: How to get a real Chip and Pin card?

NFCU (Navy Federal) Visa here. Made sure I had a PIN before recent trip to England and Amsterdam. It never worked as a chip and PIN. The little machine always spit out a slip for signature. A few times the clerks looked surprised. I called NFCU when I got home and asked why it wouldn't work with a P...
by friar1610
Thu Jun 02, 2016 4:54 pm
Forum: Investing - Theory, News & General
Topic: Argument for and against holding international fund
Replies: 18
Views: 1890

Re: Argument for and against holding international fund

FWIW we are 71/70 and keep between 20 -25% international. My guidelines call for rebalancing at > 25% or < 20%. (Overall equity allocation 40 - 45%.) Intellectually I understand and generally agree with the argument for holding close to the world market share of ~ 50% (and this is reinforced during ...
by friar1610
Thu Jun 02, 2016 12:10 pm
Forum: Investing - Theory, News & General
Topic: Thank you Taylor Larimore
Replies: 44
Views: 6419

Re: Thank you Taylor Larimore

In addition his repeated calls for simplicity (thanks Taylor... you've impacted how I invest) what I am most impressed with is the wonderful tone Taylor takes in his responses and posts. Wouldn't the internet be a better place if everyone treated each other as nicely as Taylor? =1 I just wish Taylo...
by friar1610
Thu Jun 02, 2016 11:28 am
Forum: Investing - Theory, News & General
Topic: Lessons from the past - digging though old work records
Replies: 27
Views: 3785

Re: Lessons from the past - digging though old work records

I have always had an interest in finances and I looked into joining one of the big box financial services firms after leaving active duty. Then I realized the company was all about selling funds with heavy loads and fees. I couldn't bring myself to do that. I have no regrets with not choosing that ...
by friar1610
Wed Jun 01, 2016 7:44 am
Forum: Investing - Theory, News & General
Topic: "Vanguard Developed Markets Index Fund now tracking new FTSE index."
Replies: 22
Views: 2652

Re: "Vanguard Developed Markets Index Fund now tracking new FTSE index."

I wish I had never bought into this fund.... Vanguard's style drift on this one is disgraceful! I bought this fund last year because I was TLH'ing my Total Int and All-World ex-US funds. My plan was to consolidate them both into Dev Markets, take the tax loss and, at some point move it all back to ...
by friar1610
Tue May 31, 2016 5:19 pm
Forum: Investing - Theory, News & General
Topic: Retiree feelings about nest egg
Replies: 36
Views: 6408

Re: Retiree feelings about nest egg

And on the car front, ditto. Could easily afford a new one but am trying to coax a few more years from a 2005 Volvo wagon. Kinda off-topic but a quick update. Spent $1200 in repairs to the Volvo earlier today. To me that's a commitment to keeping the car at least one more year. (I guess OMY Syndrom...
by friar1610
Tue May 31, 2016 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Navy Reserve?
Replies: 7
Views: 915

Re: Navy Reserve?

I have no actual info for you but here is a web site run by a retired Navy guy that might be of interest to you:
http://the-military-guide.com
by friar1610
Mon May 30, 2016 4:15 pm
Forum: Investing - Theory, News & General
Topic: Retiree feelings about nest egg
Replies: 36
Views: 6408

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: 96
Views: 7372

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: 1597

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: 3368

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: 154
Views: 12259

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...

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