Search found 874 matches

by friar1610
Fri Jun 16, 2017 3:42 pm
Forum: Personal Consumer Issues
Topic: Worth it to buy expensive clothes?
Replies: 90
Views: 7660

Re: Worth it to buy expensive clothes?

My SO affectionately commented that I dress like I'm wearing a potato sack. There's something to be said for dressing for success. Even if your job is something where how you look shouldn't matter, you may get significantly farther or taken more seriously if you're sharply dressed. As a physician, ...
by friar1610
Fri Jun 16, 2017 2:07 pm
Forum: Investing - Theory, News & General
Topic: Anyone else gotten totally bored with investing?
Replies: 88
Views: 7093

Re: Anyone else gotten totally bored with investing?

On one hand, yes I am getting bored. On the other hand, I'm probably addicted to this and a few other investment/retirement web sites because I look at them almost daily. Also, although I'd like to think my AA is locked and loaded for the next 5 years or so, I spend a lot of time considering whether...
by friar1610
Fri Jun 16, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Details of RMDs
Replies: 2
Views: 382

Re: Derails of RMDs

It seems you have encountered a Vanguard policy and not RMD regulations. However, if you do not like the withdrawal percentages that occurred, you can always rebalance to the ratio you want. There are no tax implications for sales and/or purchases within your IRA. The 67/33 ratio doesn't make a hel...
by friar1610
Fri Jun 16, 2017 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Details of RMDs
Replies: 2
Views: 382

Details of RMDs

I think I have this figured but thought I'd run it by those who might have more experience with RMDs. I understand that my RMDs for 2017 are based on my IRA balance on Dec. 31, 2016. On Dec 31, 2016 my Rollover IRA consisted of 67% Fund A and 33% Fund B. When I signed up for the RMD service I asked ...
by friar1610
Wed Jun 14, 2017 3:55 pm
Forum: Investing - Theory, News & General
Topic: Favorite Feature of Vanguard Website?
Replies: 64
Views: 4645

Re: Favorite Feature of Vanguard Website?

I like the Portfolio Tester tool which lets you see the impact on your total portfolio of changes you are considering.
by friar1610
Fri Jun 09, 2017 12:05 pm
Forum: Personal Consumer Issues
Topic: Used Exercise Equipment
Replies: 22
Views: 1433

Re: Used Exercise Equipment

From my experience, some of the reasons to use a gym instead of buying your own are: 1. The Commercial grade equipment is much better in many ways vs. home grade. 2. There are often "new and improved" versions of equipment that would be very expensive to purchase yourself every few years....
by friar1610
Fri Jun 09, 2017 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Internaational [VXUS] & All World ex-US [VEU]: Twins separated at birth?
Replies: 14
Views: 923

Re: Vanguard Total Internaational [VXUS] & All World ex-US [VEU]: Twins separated at birth?

I will just add what a lot of BHs already know: having the two very similar but not identical funds available makes TLH easier.
by friar1610
Thu Jun 08, 2017 3:15 pm
Forum: Personal Consumer Issues
Topic: Auto engines
Replies: 20
Views: 1392

Re: Auto engines

I have (and my wife mostly drives) a 2011 Buick Regal with the Ecotec 2.4 liter engine. This is probably the same GM engine mentioned by an earlier poster from a Saturn. The Regal is apparently a bit heavy for its size. So the combination of the weight and the engine means it is a bit sluggish on ac...
by friar1610
Wed Jun 07, 2017 3:34 pm
Forum: Investing - Theory, News & General
Topic: Some good articles from TRPrice
Replies: 5
Views: 737

Re: Some good articles from TRPrice

I am a firm believer in financial education and the nice newsletter by T Rowe Price is a good resource for its investors. I have such a high regard for them that I would send anyone there to invest their money. Though they are an active fund shop, their funds are no load and have lower expense rati...
by friar1610
Wed Jun 07, 2017 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: NJ Teacher Lost with 403bs
Replies: 16
Views: 1563

Re: NJ Teacher Lost with 403bs

This is probably a bit off-topic. I've posted in the past that it really annoys me that young military troops are so often taken advantage of, by "financial advisors", among other hucksters. A related peeve is how many school districts limit their 403B plans to those that are a lot better ...
by friar1610
Mon Jun 05, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Has anyone had problems gifting Vanguard shares to an organization?
Replies: 33
Views: 2429

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

I gifted some shares this year and thought that it was a PITA. Sad as that was my plan for future giving but it took too much of my time and the director of the charity's time. My only dissatisfaction with VG to date. I agree that it can be a PITA when you are donating mutual fund shares, although ...
by friar1610
Mon Jun 05, 2017 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Has anyone had problems gifting Vanguard shares to an organization?
Replies: 33
Views: 2429

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 f...
by friar1610
Sun Jun 04, 2017 7:41 pm
Forum: Investing - Theory, News & General
Topic: RMD on Declining Balance
Replies: 53
Views: 3282

Re: RMD on Declining Balance

My mother (age 84) has a 30/70 portfolio. Currently about 1/3 is tax-deferred, and that portion has always been 100% fixed income. Looking over her RMDs from the past 7 years (counting this one), I see a very slight positive trend (but the RMD has dipped occasionally). If you adjust for inflation, ...
by friar1610
Thu Jun 01, 2017 8:29 pm
Forum: Investing - Theory, News & General
Topic: RMD on Declining Balance
Replies: 53
Views: 3282

Re: RMD on Declining Balance

This thread has raised an interesting point, actually something I've previously thought about. If one follows the "bonds in tax-advantaged/equities in taxable" rule, the RMDs will come from the asset with the lower expectation of appreciation (bonds). This fact, in combination with annuall...
by friar1610
Wed May 31, 2017 11:12 am
Forum: Investing - Theory, News & General
Topic: Credit unions are non-profit, how come they do not dominate over banks???
Replies: 73
Views: 5340

Re: Credit unions are non-profit, how come they do not dominate over banks???

...They would put it in a teletype format and send it back to DC/Va via a 25 baud circuit. Three days later you'd have the OK and they would cut the check locally. Things have come a long way since then. 25 baud is rather slow. I woulda hoped for at least 300 baud... Yeah, that was my point. But th...
by friar1610
Tue May 30, 2017 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Retired, seeking advice regarding foriegn exposure
Replies: 8
Views: 787

Re: Retired, seeking advice regarding foriegn exposure

FWIW, I'm a retiree, age 72/wife70. For quite a few years we've held 20/25% international. I completely understand the logic of holding international at market weight. But I just can't bring myself to make that leap. Maybe it's my age, maybe it's something else. And why 20-25% rather than some other...
by friar1610
Mon May 29, 2017 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: How exactly does Vanguard's RMD service work? Rebalancing?
Replies: 57
Views: 7238

Re: How exactly does Vanguard's RMD service work? Rebalancing?

IIRC, you need to make sure the QCD is either paid: - directly to the charity - to you via a check made out to the charity which you then forward to the charity. As I understand it, receiving a RMD, putting it in your checking account and then writing a check to the charity doesn't count as a QCD (...
by friar1610
Mon May 29, 2017 4:38 pm
Forum: Local Chapters and Bogleheads Community
Topic: Memorial Day
Replies: 28
Views: 2521

Re: Memorial Day

Thank you for your service, sir. Your comments about being treated as a hero are typical of the WW2 vets I have known over the years, particularly at my American Legion Post. They (you) are the most humble men and women I have ever known in spite of their (your) heroic accomplishments saving the wor...
by friar1610
Mon May 29, 2017 9:07 am
Forum: Investing - Theory, News & General
Topic: Credit unions are non-profit, how come they do not dominate over banks???
Replies: 73
Views: 5340

Re: Credit unions are non-profit, how come they do not dominate over banks???

I haven't used a bank as my primary financial institution for 40+ years. Navy Federal is my primary "bank". As I moved around in my Navy career and afterwards, it was simpler just to stick with them. In the past I've also used Tower Federal in Maryland and still use PenFed for CDs when the...
by friar1610
Sun May 28, 2017 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: How exactly does Vanguard's RMD service work? Rebalancing?
Replies: 57
Views: 7238

Re: How exactly does Vanguard's RMD service work? Rebalancing?

I know this is a few years old but I am guessing the information I've read in the thread is still correct. My mom is taking RMD for the first time this year. She recently got the letter about enrolling in this service. She's very on top of understanding how much she must take out. She wants to make...
by friar1610
Sun May 28, 2017 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: tax exempt bond funds
Replies: 25
Views: 2119

Re: tax exempt bond funds

Not to hijack this thread, but at what Federal tax rate does it generally make sense to go with tax-exempt bonds for the long haul? I know how to compute the equivalent taxable yield, but yields on both taxable and tax-free shift over time. 28% and above always seems to make sense. 15% never seems t...
by friar1610
Fri May 26, 2017 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Meeting with retirement guru, specializes in federal govt employees
Replies: 72
Views: 7083

Re: Meeting with retirement guru, specializes in federal govt employees

I'm a military retiree, so a bit different than being a Federal civilian employee. You didn't say (or I missed it) how close to retirement you are. One thing "guys" who advised us military folks approaching retirement used to do was try to get us to buy insurance rather than going with SBP...
by friar1610
Fri May 26, 2017 12:18 pm
Forum: Investing - Theory, News & General
Topic: DFA Retirement Income Strategies
Replies: 78
Views: 7617

Re: DFA Retirement Income Strategies

tomd37 wrote:FriarJohn,
If you have access to the Rick Ferri paper you cite I would be interested in reading it. Regards,


Tom,

Here it is:

https://portfoliosolutions.com/latest-l ... y-retirees
by friar1610
Thu May 25, 2017 2:25 pm
Forum: Personal Consumer Issues
Topic: Cheap gym shirts w/ certain materials
Replies: 23
Views: 2537

Re: Cheap gym shirts w/ certain materials

black jack wrote:Champion C9 stuff at Target.

I can't imagine extended exercise in the summer wearing cotton; talk about clingy.


+1 for C9
by friar1610
Thu May 25, 2017 12:53 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Portfolio vs. All Other Possible Investments
Replies: 74
Views: 6149

Re: Boglehead Portfolio vs. All Other Possible Investments

Simple question: Is a passive, low-cost, diversified index portfolio* really the best bet to achieve the highest possible risk-adjusted, long-term returns anywhere? How do you know this? * total stock, total bond, total int'l (optional: small-cap value, REITs and TIPS) I think it is an excellent be...
by friar1610
Wed May 24, 2017 9:36 am
Forum: Investing - Theory, News & General
Topic: DFA Retirement Income Strategies
Replies: 78
Views: 7617

Re: DFA Retirement Income Strategies

If I am reading the table that accompanies the retirement calculator correctly (2nd link in original post by bobcat), DFA is saying that for someone in retirement who wants to maintain a consistent income stream out to the 15 year post-retirement point, a mix of 25% global equities and 75% inflation...
by friar1610
Tue May 23, 2017 7:57 pm
Forum: Investing - Theory, News & General
Topic: Lazy way to increase returns on cash in Vanguard
Replies: 22
Views: 2435

Re: Lazy way to increase returns on cash in Vanguard

I will give very specific advice: Whenever BND or AGG appear to have gone up about 0.5% in one day, place an order to sell some of your VBTLX before the market closes, say 20% of what you own and buy VSCSX. Whenever BND or AGG appear to have gone down by about 0.4% in one day, place an order to buy...
by friar1610
Sat May 20, 2017 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard International Bond Admiral (VTABX)
Replies: 6
Views: 849

Re: Vanguard International Bond Admiral (VTABX)

I'm retired and taking RMDs. I personally don't see the need for international bonds. But, if I were to decide to move my IRA to a TR or LS fund that contained them I wouldn't let that fact stop me. My wife and I have relatively modest IRAs (about 25% of total port) that are 1/3 Wellesley and 2/3 To...
by friar1610
Sat May 20, 2017 11:57 am
Forum: Personal Consumer Issues
Topic: Bad experience with 'rescuing' a lost dog
Replies: 38
Views: 3412

Re: Bad experience with 'rescuing' a lost dog

Here's a more positive story... Picked up a stray walking in the middle of the road when I lived in VT and was on my way to church one Sun AM. (I'm a dog owner/lover and was afraid he'd be hit by a car.) He waited in the car during church. When we got home I tried to figure out who owned him. He had...
by friar1610
Thu May 18, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: At crossroads with Annuity
Replies: 21
Views: 1827

Re: At crossroads with Annuity

One clarification on Friar's good response regarding withdrawals from annuities- -I believe withdrawals from variable annuities are taxed as income first. so the only way you could spread today's $30,000 gain (unless you annuitize) is to take, say, $10,000 per year for the first two years . Then th...
by friar1610
Thu May 18, 2017 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Just opened CD ladders at Fidelity and Vanguard
Replies: 12
Views: 1705

Re: Just opened CD ladders at Fidelity and Vanguard

Just did a quick check of Navy Federal and PenFed 12 month rates.

NFCU: 1.25% (1.35% if > $100K
PenFed: 1.30
by friar1610
Thu May 18, 2017 11:27 am
Forum: Investing - Help with Personal Investments
Topic: At crossroads with Annuity
Replies: 21
Views: 1827

Re: At crossroads with Annuity

Choices: • Do a 1035 exchange to a lower cost fixed deferred annuity at Vanguard after sales charge period and leave it to annuitize later or sell it after sales charge period (5 years?) is over at lower tax rate. I am puzzled by this statement. Do Vanguard annuities have sales charges? I thought t...
by friar1610
Thu May 18, 2017 11:25 am
Forum: Investing - Help with Personal Investments
Topic: At crossroads with Annuity
Replies: 21
Views: 1827

Re: At crossroads with Annuity

I have a few things in common with your situation. Exceptions are: - spouse and I are older than you two - annuity value is slightly higher - basis is significantly lower - it has always been a "low cost" VA, first with Fido and now with VG If I could walk the dog back, I wouldn't have bou...
by friar1610
Thu May 18, 2017 10:57 am
Forum: Investing - Help with Personal Investments
Topic: RMD start
Replies: 7
Views: 899

Re: RMD start

My wife and I have two funds each (the same ones) in our IRAs. I'm in my 2nd year of RMDs; she's in her first. Like you, we don't need the money for living expenses; we just reinvest it in taxable. We are set up with VG's service so it runs on auto-pilot. The first year I took proportional quarterly...
by friar1610
Tue May 16, 2017 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Bond funds for IRAs
Replies: 13
Views: 680

Re: Bond funds for IRAs

You're looking at parts your portfolio (IRA, taxable) in isolation rather than as a whole. And that's leading you to move to a more aggressive overall allocation at a time when you're already taking RMDs. Looking forward to the next big drop in equities, you should be more worried about being overw...
by friar1610
Tue May 16, 2017 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Bond funds for IRAs
Replies: 13
Views: 680

Re: Bond funds for IRAs

"Income" doesn't mean anything to me because one can get "income" from a 100% equity portfolio anyways. Vanguard will send you money every month from an automated monthly withdrawal from something like Vanguard Total Stock Market index fund. One doesn't need bond funds to get in...
by friar1610
Tue May 16, 2017 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Bond funds for IRAs
Replies: 13
Views: 680

Re: Bond funds for IRAs

I don't understand your theory of why it matters to have equities in the tax deferred. If you run out of money in the IRA first, that means your taxable will have been growing. Point taken. If you put bonds in your taxable instead, you will be less tax efficient while depleting the taxable first. S...
by friar1610
Tue May 16, 2017 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Bond funds for IRAs
Replies: 13
Views: 680

Re: Bond funds for IRAs

I can't believe no one else has apparently noticed that 50% Wellesley Income and 50% Total Bond isn't even remotely 45-50% stocks as the OP said. I can't believe that folks didn't notice that the OP was talking about their ENTIRE portfolio including all those equities in their taxable account. I th...
by friar1610
Tue May 16, 2017 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Bond funds for IRAs
Replies: 13
Views: 680

Re: Bond funds for IRAs

I think you are overthinking myself. I want my tax-deferred accounts to have the lowest gains, so that my RMDs stay as small as possible. I want my overall portfolio to have the highest possible gains. Because we currently just reinvest RMDs into taxable, I feel the same way about gains in tax-defe...
by friar1610
Tue May 16, 2017 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Bond funds for IRAs
Replies: 13
Views: 680

Bond funds for IRAs

My wife and I each have relatively modest IRAs (representing about 25% of our total portfolio) from which we are now taking RMDs. They had traditionally been invested in VG Total Bond Index Admiral (VBTLX) as we were following the "bonds in tax-advantaged" rule. Now that we are taking RMDs...
by friar1610
Sun May 14, 2017 5:43 pm
Forum: Investing - Theory, News & General
Topic: When 60/40 just isn't appropriate
Replies: 182
Views: 26741

Re: When 60/40 just isn't appropriate

I reread this entire thread. (I vaguely remember reading it a couple of years ago.) I found it very interesting with lots to think about. Rick Ferri's 30/70 seems a tad bit conservative for me as a retiree (72 with a spouse 70) although I understand he recommends it as a starting point for discussio...
by friar1610
Sat May 13, 2017 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's safest all-equity fund
Replies: 59
Views: 5208

Re: Vanguard's safest all-equity fund

I haven't gone back and verified every equity fund, but this is my recollection. On the VG web site there is a graphic for each fund that shows the fund's risk on a scale from 1 to 5. If memory serves, all equity funds are listed as 4 or 5. Many balanced funds are 3, most bond funds are 2 and MM fun...
by friar1610
Sat May 13, 2017 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Newly Disabled and Need Good Advice
Replies: 16
Views: 1735

Re: Newly Disabled and Need Good Advice

This is a shot in the dark, but are you a veteran? Is there any case, no matter how slight, that the disability has any prior service connection?
by friar1610
Fri May 12, 2017 3:21 pm
Forum: Investing - Theory, News & General
Topic: Retirees, what is your marginal tax rate?
Replies: 33
Views: 3004

Re: Retirees, what is your marginal tax rate?

25% in retirement, pretty much as it was when we were both working. (I don't remember for sure but I might have had a few years >25% when working.) On one hand it's very nice to have a good pension. On the other hand it's 100% subject to Fed tax and pushes the percentage of SS subject to tax to 85%....
by friar1610
Fri May 12, 2017 7:14 am
Forum: Investing - Theory, News & General
Topic: Motley Fool - Million Dollar Portfolio
Replies: 8
Views: 2135

Re: Motley Fool - Million Dollar Portfolio

I originally learned about low cost diversified index fund investing from the MF before they changed their business model. Although I was already on my way to becoming a BH investor (without knowing what a BH was) some 20 years ago, I used to follow TMF. I never paid for anything, though. There was...
by friar1610
Tue May 09, 2017 12:32 pm
Forum: Personal Consumer Issues
Topic: End of model year car purchases
Replies: 10
Views: 1005

End of model year car purchases

Is there any rule of thumb on how much one can expect to save (percentage-wise off MSRP) when buying a brand new car after the new models come out? That is, a new 2017 after the 2018s have hit the showrooms. It's probably brand-dependent so I'm thinking either a Subaru Outback or a Volvo V-60 wagon ...
by friar1610
Sat May 06, 2017 5:47 pm
Forum: Investing - Theory, News & General
Topic: Tips From Older Bogleheads?
Replies: 52
Views: 4554

Re: Tips From Older Bogleheads?

This experience reinforced the idea that there are always circumstances beyond your control, so when making big financial decisions (e.g., can I afford this house, am I saving too much/too little, is this a good asset allocation, etc.) you can't base them on the status quo - you need to consider po...
by friar1610
Sat May 06, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Watch Concerns
Replies: 22
Views: 2125

Re: Portfolio Watch Concerns

When people refer to "Morningstar" are they referring to the Portfolio X-Ray tool which requires a Premium (paid) membership? Or does one of their free tools give you the same sort of info as VG's Portfolio Watch? If so, which specific tool?

Thank you.
by friar1610
Fri May 05, 2017 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Calculus
Replies: 31
Views: 7259

Re: Early Retirement Calculus

How does your wife take working for 10 more years while you are "retired"? Are you going to be the stay at home parent and take care of the house, grocery shopping, clothes, etc? I work outside the home and my wife works inside the home. We don't call her retired. Just as an aside, my wif...
by friar1610
Tue Apr 25, 2017 8:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard has switched to brokerage only accounts
Replies: 106
Views: 10099

Re: Vanguard has switched to brokerage only accounts

I converted w/in the past calendar year. Conversion was without problems. We (my wife and I) did get 2 2016 statements each for our RMDs (one each from the old mutual fund account and the new brokerage account) but that was only because the transition was mid-year. Next year there will only be one f...

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