Search found 793 matches

by friar1610
Sat Feb 25, 2017 9:05 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing frequency - Balanced funds
Replies: 8
Views: 552

Re: Rebalancing frequency - Balanced funds

Aren't the studies that argue against frequent rebalancing talking about individual investors? Isn't it a totally different issue for funds that continuously have cash inflows and redemptions? What else can a fund do but use those inflows and outflows to maintain its target AA?
by friar1610
Sat Feb 25, 2017 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Has anyone had problems gifting Vanguard shares to an organization?
Replies: 18
Views: 820

Re: Has anyone had problems gifting Vanguard shares to an organization?

I've been gifting to my alma mater annually for years. Here's the old way an the new way that I've experienced: Old: I had a VG MF account. So did the college. I filled out a form (forget what it was called) asking VG to transfer $X worth of shares to the college's VG account. That form had to go fr...
by friar1610
Wed Feb 22, 2017 8:59 pm
Forum: Investing - Theory, News & General
Topic: Retiree Accumulation/Withdrawal Phase -- How many funds do you have? Allocation? Withdrawal strategy?
Replies: 90
Views: 6417

Re: Retiree Accumulation/Withdrawal Phase -- How many funds do you have? Allocation? Withdrawal strategy?

Ages 71/70 Retired 13 years (me) "Withdrawal" Phase Overall AA about 45/51/4 All funds are VG Total Stock Index (taxable) Total Int Index (taxable) ST Bond Index (taxable) Total Bond Index (about 2/3 of both our IRAs) Wellesley (about 1/3 of both our IRAs) Life Cycle Conservative Growth cl...
by friar1610
Wed Feb 22, 2017 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio with Variable Annuity
Replies: 3
Views: 232

Re: Portfolio with Variable Annuity

I am a Vanguard Variable Annuity owner although I am quite a bit older than you. To me it would make a lot of sense to transfer (a 1035) from your high cost VA to Vanguard's. At your tax bracket you would take a pretty big tax hit if you were to simply redeem it. One thing to look at would be one of...
by friar1610
Tue Feb 21, 2017 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: The need for bonds if I have a pension?
Replies: 43
Views: 2682

Re: The need for bonds if I have a pension?

Think of a pension as something that reduces your income needs, not as a bond equivalent. Pick an asset allocation appropriate to your remaining income needs and other circumstances. Not a teacher here but a military retiree so the pension situation is roughly equivalent. I always ignored the advic...
by friar1610
Tue Feb 21, 2017 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: The need for bonds if I have a pension?
Replies: 43
Views: 2682

Re: The need for bonds if I have a pension?

Think of a pension as something that reduces your income needs, not as a bond equivalent. Pick an asset allocation appropriate to your remaining income needs and other circumstances. Not a teacher here but a military retiree so the pension situation is roughly equivalent. I always ignored the advic...
by friar1610
Sat Feb 18, 2017 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: How do you invest the proceeds [from your RMD?]
Replies: 22
Views: 1776

Re: How do you invest de proceeds

from your RMD's????? Many thanks! parigi. :dollar I put them in a ST Bond index in my taxable account (after taxes have been taken out). Since they come from an IRA which is largely bonds, this more or less maintains my AA. If I am going to make a major purchase (such as an upcoming cruise), I tap ...
by friar1610
Sat Feb 18, 2017 8:51 am
Forum: Investing - Theory, News & General
Topic: What's a good analogy for average returns?
Replies: 45
Views: 2697

Re: What's a good analogy for average returns?

Here's an off-the-wall appriach...Remember the town in Prairie Home Companion where all the children were above average? I think everyone quickly recognizes the irony, humor and mathematical impossibility of that. See if you can get your friends to recognize that it's similarly crazy to think everyo...
by friar1610
Fri Feb 17, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Web Site Down?
Replies: 98
Views: 3598

Re: Vanguard seems to have gone off the grid

The level of impatience about a brief interruption of service is a little over the top. Banks, airline reservations, 401K administrators, hotel web-sites, Bogleheads.org, and even mutual fund companies occasionally go off-line. This is the modern world. +1 (Although I admit that I was not hot to ge...
by friar1610
Thu Feb 16, 2017 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Is 30% stock enough to keep up with (or beat) inflation?
Replies: 39
Views: 3090

Re: Is 30% stock enough to keep up with (or beat) inflation?

To the OP, You may have already seen it but there is a good article by Rick Ferri which suggests that 30% equities is an excellent allocation for retirees (with higher allocations perhaps making sense based on personal circumstances.) I don't have the link handy but if you Google Rick Ferri and Reti...
by friar1610
Wed Feb 15, 2017 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: "The Real Reason Big Savers Retire Early: Minimizing Retirement Savings Needs" by Michael Kitces
Replies: 5
Views: 1989

Re: "The Real Reason Big Savers Retire Early: Minimizing Retirement Savings Needs" by Michael Kitces

I'm not sure what "lifestyle creep" is. If you can afford and want to do "it"--whatever "it" is--do it. Save and invest so you can do . 8-) Lev Here's an example of what it is. I was a career military officer. By the time I was in my final/highest pay grade I was earni...
by friar1610
Wed Feb 15, 2017 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads not the norm?
Replies: 116
Views: 10123

Re: Bogleheads not the norm?

yellowgirl wrote:
Not sure how much is low income but I feel like anything under 250K here is low income.



Wow! I'm nowhere near that income in retirement nor was I, even if you adjust backward for inflation, during my earning years.
by friar1610
Thu Feb 09, 2017 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Fund Lineup for 50/50 Taxable Account
Replies: 6
Views: 442

Re: Fund Lineup for 50/50 Taxable Account

inittowinit wrote:
friar1610 wrote:Why would you have both Admiral and Investor shares of TSM?


He missed the "International" part of VTIAX's name (it's the Admiral version of VGTSX -- total international stock).


Ah ha! Thank you. I don't speak fund symbols so was just going by the name.
by friar1610
Thu Feb 09, 2017 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Fund Lineup for 50/50 Taxable Account
Replies: 6
Views: 442

Re: Fund Lineup for 50/50 Taxable Account

Why would you have both Admiral and Investor shares of TSM?
by friar1610
Tue Feb 07, 2017 5:32 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 112
Views: 18442

Re: Vanguard's Wellesley Income fund is incredible

Or, in the case where an investor has followed the "stocks in taxable; bonds in tax-deferred" rule, I see a role for a mix of Wellesley and a general purpose bond fund in a 50-50 ratio. That would leave your portfolio 20% stocks and 80% bonds as Wellesley is 60% bonds already, a very cons...
by friar1610
Tue Feb 07, 2017 5:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 112
Views: 18442

Re: Vanguard's Wellesley Income fund is incredible

Post #1000! Hoo-rah!! listedguru , Wellesley is an excellent choice for someone who wants to get in the market, but fears a loss of capital. As has already been mentioned, it has had only a handful of losing years since 1970, and the losing years have been light-to-moderate. I'm a long-term and voc...
by friar1610
Sun Feb 05, 2017 4:38 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 112
Views: 18442

Re: Vanguard's Wellesley Income fund is incredible

If held in a taxable, how would the tax (in)efficiency of Wellesley compare that of say 50/50 or 40/60 TSM/TBM? This is just my gut reaction to your question, not based on any scientific analysis... I would think TSM would be more tax efficient in a taxable account account than the stock portion of...
by friar1610
Thu Feb 02, 2017 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Running a tutoring business. Payment dilemma.
Replies: 8
Views: 580

Re: Running a tutoring business. Payment dilemma.

Derivative wrote:I can higher high school students to do the work for $10/hr.


Just out of curiosity, what subject(s)? :oops:
by friar1610
Thu Feb 02, 2017 3:34 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 112
Views: 18442

Re: Vanguard's Wellesley Income fund is incredible

Thanks for the information. I did well over the years with Equity Income in my T-IRA account. Then was advised to go all bond funds now that RMD's have started. Feel ok with the all bond folio now. SeeMoe.. :beer Out of curiosity, why 100% bonds? You must be well ahead of the game if you can afford...
by friar1610
Sat Jan 28, 2017 12:11 pm
Forum: Investing - Theory, News & General
Topic: Scott Burns is Signing Off -- He'll be missed
Replies: 25
Views: 6353

Re: Scott Burns is Signing Off -- He'll be missed

First learned of him via The Motley Fool's Retire Early Home Page when he was writing for the Dallas paper. I've always enjoyed his columns - straightforward and on-target. I wish him well!
by friar1610
Fri Jan 27, 2017 3:27 pm
Forum: Investing - Theory, News & General
Topic: Bobbie Christensen "She explains how to find safe and secure investments with 100%+ growth per year."
Replies: 55
Views: 5193

Re: "She explains how to find safe and secure investments with 100%+ growth per year."

I chose not to include the "instructor's" name, but the course title is the name of her book. I really can not believe how a college would permit this kind of thing. Either they are asleep at the switch or in collusion. It's terrible and should be an embarrassment .. I worked in a univers...
by friar1610
Wed Jan 25, 2017 6:41 pm
Forum: Investing - Theory, News & General
Topic: Dow hits 20,000. What next? Share your strategy
Replies: 107
Views: 9050

Re: Dow hits 20,000. What next? Share your strategy

My plan is to find out how to convert VTI and VXUS to mutual funds so that I can invest automatically every month for long time and check my accounts once in a year to rebalance it. Livesoft probably knows how to change those ETFs to mutual funds... Actually, I'm not sure you can do that. I recentl...
by friar1610
Wed Jan 25, 2017 12:12 pm
Forum: Investing - Theory, News & General
Topic: part 2 of annual lessons learned series
Replies: 2
Views: 493

Re: part 2 of annual lessons learned series

Thanks; I've found this series interesting and have forwarded the links to several like-minded friends who are not Boglead web site readers.
by friar1610
Thu Jan 19, 2017 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Possible reality check needed?
Replies: 13
Views: 930

Re: Possible reality check needed?

If you're 22 and, I infer, single and saving 20% of your base pay, you're doing pretty well. (Not sure if you get any special pays or other allowances but you should also make sure you're either using them for the purpose for which they're intended; e.g., meals and quarters, or saving any surplus.) ...
by friar1610
Wed Jan 18, 2017 1:03 pm
Forum: Personal Consumer Issues
Topic: Volunteering Ideas
Replies: 87
Views: 6211

Re: Volunteering Ideas

The Ignatian Volunteer Corps (http://www.ivcusa.org) is a volunteer organization focused on volunteer commitments to the economically disadvantaged. It will not be everyone's cup of tea as there is a religious/spiritual aspect to the program, that aspect being Jesuit/Catholic. The volunteer assignme...
by friar1610
Wed Jan 18, 2017 12:47 pm
Forum: Personal Consumer Issues
Topic: Volunteering Ideas
Replies: 87
Views: 6211

Re: Volunteering Ideas

Become a literacy tutor. If you want to find out more, contact the ProLiteracy Education Network for an organization close to you. I have done this in several locations with several different organizations and have found it very satisfying. I've also tutored math, although at very basic levels. I'l...
by friar1610
Mon Jan 16, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Is the housing market like stocks? When do you think prices fall again?
Replies: 38
Views: 3060

Re: Is the housing market like stocks? When do you think prices fall again?

I've owned a number of houses over the years, primarily due to my Navy career which caused me to move frequently. The overall trend on prices is generally up but is time, interest rate and location dependent. I always thought "you can't lose with residential real estate" and then learned y...
by friar1610
Sun Jan 15, 2017 1:13 pm
Forum: Investing - Theory, News & General
Topic: Retired, expenses covered but still growing portfolio, why?
Replies: 46
Views: 4615

Re: Retired, expenses covered but still growing portfolio, why?

I fit the initial description pretty closely. My wife and I have no particular desire to drastically increase our standard of living, although we do one or two nice trips almost every year. Our house is more than adequate and is paid for. We don't need more "stuff" to fill it and normally ...
by friar1610
Sat Jan 14, 2017 10:57 am
Forum: Personal Consumer Issues
Topic: 24 hour stop over at LHR, what all can I visit in London?
Replies: 31
Views: 1802

Re: 24 hour stop over at LHR, what all can I visit in London?

Have you ever been to London before? If you haven't and you only have a day, I'd take one of those organized bus tours. Tacky, I know, but it really is a good way to "skim" the sights. Then on your second visit, you'll won't feel any pressure to see a famous sight that you're not deeply i...
by friar1610
Fri Jan 13, 2017 9:45 pm
Forum: Personal Consumer Issues
Topic: what local pharmacy?
Replies: 57
Views: 3217

Re: what local pharmacy?

While we order most of our maintenance meds through Express Scripts as mandated by our coverage (lower copay/90 day supply), the plan also allows for use of local pharms for immediate needs or any reason at a higher copay (30 day supply). We're fortunate to have an excellent local independent pharm...
by friar1610
Wed Jan 11, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 141
Views: 16188

Re: Best Financial Moves You've Made

At one particular point in our lives, deciding to stick it out in our starter home rather than moving up to what we "really deserved". Those 5 years of being able to save (rather than sending the $ to bank in the form of higher mortgage payments) made a tremendous difference in paying for ...
by friar1610
Mon Jan 09, 2017 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Is there a big difference between VTINX and VWIAX
Replies: 2
Views: 365

Re: Is there a big difference between VTINX and VWIAX

We combine Wellesley with Total Bond Index in our relatively small Rollover IRAs. If I were trying to use only one fund in those accounts, I would prefer VTINX (or its marginally more conservative cousin, VASIX (Life Strategy Income)) to Wellesley. Reason is that either of those would be less concen...
by friar1610
Fri Jan 06, 2017 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Should I max my Roth TSP or invest?
Replies: 40
Views: 3919

Re: Should I max my Roth TSP or invest?

You have gotten a lot of good advice and you are doing very well. Let me just add one piece of advice...If a "financial planning" company called First Command ever offers seminars, steak dinners or even free ballpoint pens anywhere on or near your base, run (don't walk) in the opposite dir...
by friar1610
Thu Jan 05, 2017 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity FullView
Replies: 15
Views: 1290

Re: Fidelity FullView

I used to use VGs aggregator and it was nice to get my non-VG accounts updated daily. Then they changed the aggregation program and it was a PITA trying to convert. So now I just manually update the non-VG accounts quarterly. Most of those are CDs, cash accounts and I-Bonds anyway, so it's not like ...
by friar1610
Tue Jan 03, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: I-bonds
Replies: 28
Views: 3440

Re: I-bonds

Is the fixed rate so low because more people are purchasing i-bonds than in the past and so there is no need to attract new customers? Or is it more a reflection of the spread between other bonds and inflation? The savings bond purchases have been dropping so fast because of the unattractive pricin...
by friar1610
Sun Jan 01, 2017 5:31 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 19128

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

...But I ALSO argue that it's not a good idea to have lot of equities near or in retirement. Sequence of returns risk is real. You don't want to retire, and see the market drop 50% that year while you are pulling money out. https://3a05ty2ohkvc1zboze4eczal-wpengine.netdna-ssl.com/wp-content/uploads...
by friar1610
Thu Dec 29, 2016 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Military Retirement; Time value of drawing a pension at 20 years
Replies: 23
Views: 2186

Re: Military Retirement; Time value of drawing a pension at 20 years

I did create a simple spreadsheet to determine the absolute difference based on today's (after tax) annual sum (assumption = O5 pay/retirement @ 20 years). What is the possibility/probability that you will make O-6 if you remain in the military ? In my own case, staying in for the extra years + com...
by friar1610
Thu Dec 29, 2016 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: Asset placement/allocation
Replies: 3
Views: 352

Re: Asset placement/allocation

Livesoft, I may not entirely be grasping the points you're making: I'd like to point a couple of things: 1. Tax-advantaged means both tax-deferred with RMDs and taxes on withdrawal AND tax-free Roths with no RMDs and no taxes on withdrawal. I understand this but we have no Roths. As the (fortunate) ...
by friar1610
Wed Dec 28, 2016 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: Asset placement/allocation
Replies: 3
Views: 352

Asset placement/allocation

I'm interested in how other Bogleheads handle the placement of equities vs. fixed income once they start taking RMDs. By way of background, three things I understand and believe: 1. That appropriate asset allocation is more important than choice of specific investments in determining overall success...
by friar1610
Sat Dec 24, 2016 10:15 pm
Forum: Investing - Theory, News & General
Topic: Fortune Article - Vanguard Flexes Its Muscle
Replies: 43
Views: 5445

Re: Fortune Article - Vanguard Flexes Its Muscle

I think the question "why is Vanguard pushing international bonds so hard?" has now been answered. That was precisely the reaction I had. And I also wonder if it also explains the high (40%) allocation to international in their Target Retirement and Life Cycle Funds. (Although 40% interna...
by friar1610
Fri Dec 23, 2016 9:25 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2424
Views: 613028

Re: What Movie Have You Recently Watched?

"Manchester by the Sea" with Casey Afflick. Very good movie. Excellent acting by Affleck. Sort of a local setting for me - it's set on the North Shore; I live on the South Shore.
by friar1610
Thu Dec 22, 2016 8:04 pm
Forum: Personal Consumer Issues
Topic: How to become a public speaker?
Replies: 30
Views: 2656

Re: How to become a public speaker?

I know nothing about monetizing public speaking, so take everything I say with a large grain of salt. Since retiring (from the military, I might add) I've done several things as a volunteer that have involved public speaking. For example, I became a presenter for an AARP/FINRA program on "Outsm...
by friar1610
Thu Dec 22, 2016 7:52 pm
Forum: Personal Consumer Issues
Topic: Cappuccino/Espresso machine recommendations?
Replies: 39
Views: 2603

Re: Cappuccino/Espresso machine recommendations?

We have a Jura Impressa C60 which we like a lot. It has a built-in frother and grinder. It can use beans or ground coffee and can make American coffee, espresso and cappuccino/lattes, all very well. The froth it produces is not as good as a Nespresso, however. I enjoy good coffee but am not a coffee...
by friar1610
Tue Dec 20, 2016 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Is this the equivalent of a Stable Value fund?
Replies: 2
Views: 503

Re: Is this the equivalent of a Stable Value fund?

Seems like a fixed deferred annuity, but you should read the fine print about that portfolio adjustment and MVA. Another alternative is a plain old fixed deferred annuity through Vanguard. Those rates look similar to CD rates. Thank you. I called VG some months back to inquire about their fixed ann...
by friar1610
Tue Dec 20, 2016 10:36 am
Forum: Investing - Help with Personal Investments
Topic: My "sleep well at night" number seems to be changing
Replies: 49
Views: 8082

Re: My "sleep well at night" number seems to be changindra

As we get older and closer to retirement, some people's risk tolerance and need to take risk changes.... Your post suggests that you are already in good shape with your retirement assets. That begs the question "If you have already won the game, why do you keep playing?". That is not to s...
by friar1610
Mon Dec 19, 2016 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Is this the equivalent of a Stable Value fund?
Replies: 2
Views: 503

Is this the equivalent of a Stable Value fund?

I have a VG Variable Annuity that I've had for years. (Long story about how I got there but irrelevant to this post.) As I get older and more conservative, I've begun looking at how to get it out from under market risk without annuitizing it yet. We don't need the income and I'm holding it in reserv...
by friar1610
Thu Dec 15, 2016 10:37 pm
Forum: Investing - Help with Personal Investments
Topic: Less than 60 day "loan" from my Roth IRA
Replies: 4
Views: 478

Re: Less than 60 day "loan" from my Roth IRA

I've done this twice when I was buying new houses. I don't know that it was absolutely necessary, but when I returned the money to my IRA I did it by registered mail vs an electronic transfer. In the memo part of my check I wrote "IRA Rollover." I also accompanied the deposit slip with a l...

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