Search found 562 matches

by friar1610
Tue Apr 26, 2016 5:48 pm
Forum: Investing - Theory, News & General
Topic: The Economy and the Stock Market
Replies: 4
Views: 657

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: 2567

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: 355
Views: 47982

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: 2895

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: 5970

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: 2058

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: 5930

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: 4783

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: 1787

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: 15857

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: 15857

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: 1430

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: 20929

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: 409

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: 409

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: 6645

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: 3048

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: 3048

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: 3048

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: 2295

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: 12
Views: 1063

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: 2108

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: 3555

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: 3660

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: 7940

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: 7940

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: 880

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: 9855

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: 679

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: 3966

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: 1578

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: 1578

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: 4800

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: 807

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: 10494

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: 2105

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: 2105

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...
by friar1610
Fri Mar 04, 2016 5:26 pm
Forum: Personal Consumer Issues
Topic: Don't understand nutrition and exercise
Replies: 340
Views: 24452

Re: Don't understand nutrition and exercise

I've exercised pretty conscientiously for 40+ years and have kept pretty good notes on what I've done. Just recently I decided that I'll just record whether or not I've met my "minimum weekly requirement." That means exercising 5 days each week and doing each of these activities at least t...
by friar1610
Fri Feb 26, 2016 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Scores for Immigrants
Replies: 9
Views: 887

Re: Credit Scores for Immigrants

Thanks very much to those who responded. I will suggest that she begin working on the items over which she has control. And I'll show her how to pull her credit reports. (And a good time to check mine as I haven't in a while.)
by friar1610
Thu Feb 25, 2016 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Scores for Immigrants
Replies: 9
Views: 887

Credit Scores for Immigrants

I tutor a fortyish (legal) immigrant in English. I have also tried to work in a bit of financial literacy so she doesn't get ripped off as she doesn't earn much money. From everything I can tell, she is very sensible and frugal about money. (Example: she has a credit card which she uses but pays the...
by friar1610
Tue Feb 23, 2016 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: What's my best option for down payment?
Replies: 4
Views: 538

Re: What's my best option for down payment?

Based on a similar situation with which I've had experience, I would recommend that you try to borrow the money without having a lien on your condo - just try to scrape the money together from whatever loan source(s) you can. That would include signature loans, borrowing against the cash value of an...
by friar1610
Sun Feb 14, 2016 8:25 pm
Forum: Investing - Theory, News & General
Topic: Using CD's instead of bonds
Replies: 62
Views: 6614

Re: Using CD's instead of bonds

FWIW I've always felt most comfortable with a fixed income allocation consisting of: - some amount of cash in MM accts (about 4-5% of total port) - a ST Index bond fund ("almost cash" to my way of thinking) - VG Total Bond Market - a bunch of I-bonds (many of which are from the good old da...
by friar1610
Fri Feb 12, 2016 11:32 am
Forum: Investing - Theory, News & General
Topic: Rebalancing bands, what is your CURRENT out-of-balance drift?
Replies: 47
Views: 2852

Re: Rebalancing bands, what is your CURRENT out-of-balance drift?

My target AA is 40/55/5 although anywhere in the 40 - 45% equity range is fine. At the end of 2015 I was at about 42.5%. Yesterday I was at about 38.5%. If this downward trend continues I may balance back up to 42% or so.
by friar1610
Wed Feb 10, 2016 6:09 pm
Forum: Investing - Theory, News & General
Topic: Total Bond Market > Tax-Exempt Bond Fund?
Replies: 39
Views: 2653

Re: Total Bond Market > Tax-Exempt Bond Fund?

I hope I'm not hijacking this thread. Realizing that the potential benefit of munis varies by the prevailing interest rates (for both taxable and non-taxable bonds) what is the general rule of thumb regarding the lowest tax bracket at which tax- exempts make sense most of the time? Disclosure: 25% b...
by friar1610
Thu Feb 04, 2016 9:21 pm
Forum: Investing - Theory, News & General
Topic: Take the Verb Tense Pledge!
Replies: 69
Views: 4138

Re: Take the Verb Tense Pledge!

Great thread! I tutor ESOL and have recently been explaining tenses to an immigrant whose native language doesn't have as many subtleties in tenses. I'd like to show her this thread but first I would have to teach her something about investing (so she would understand the premise) and she's not read...
by friar1610
Thu Feb 04, 2016 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: TSP doesn't credit dividends & interest?
Replies: 14
Views: 918

Re: TSP doesn't credit dividends & interest?

FWIW that's also how the "funds" (technically, portfolios) within the VG Variable Annuity are handled.
by friar1610
Wed Jan 27, 2016 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Taxes for Resident Aliens
Replies: 11
Views: 573

Re: Taxes for Resident Aliens

Thanks to those who responded. I can see that I should have done my homework (read pub 519) before even asking any question. I will do so and proceed accordingly and may be back with more questions.
by friar1610
Tue Jan 26, 2016 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes for Resident Aliens
Replies: 11
Views: 573

Re: Taxes for Resident Aliens

HueyLD wrote:Was 2015 her first year on H1B visa? If so, what was her previous visa status?


I'll find out for sure on Thurs (next tutor session.)
by friar1610
Tue Jan 26, 2016 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes for Resident Aliens
Replies: 11
Views: 573

Taxes for Resident Aliens

I tutor (English) to a resident alien who is here on an H1B visa. The more I get to know her the more I see she is spending money on things she doesn't need to in spite of having a very low income. Last year she had H&R Block do her (very simple) income tax returns. I told her that this year I w...
by friar1610
Wed Jan 20, 2016 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: International Funds - VTIAX or VTMGX
Replies: 1
Views: 255

International Funds - VTIAX or VTMGX

This question has no relationship to the current stock correction. During late 2015 I sold, at a loss, my Vanguard Total International Index (VTIAX) and FTSE All-World ex-US (VFWAX) holdings for TLH purposes. I purchased Developed Markets Index (VTMGX) as a "parking lot" for my internation...

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