Search found 931 matches

by friar1610
Sun Aug 20, 2017 11:42 am
Forum: Personal Finance (Not Investing)
Topic: I own no international stocks. Can you guess why?
Replies: 108
Views: 5237

Re: I own no international stocks. Can you guess why?

You made a gift in-kind to a charity (gave the charity appreciated shares) thereby eliminating any capital gains concerns.
by friar1610
Thu Aug 17, 2017 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning - step up question
Replies: 2
Views: 366

Estate planning - step up question

This question occurred to me after reading a few recent posts on estate planning... This is the overall scenario: my spouse and I have two kids who will get everything (except for what goes to charity.) My spouse and I hold all of our assets (less our IRAs) jointly. We are each beneficiaries on the ...
by friar1610
Thu Aug 17, 2017 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Xmas bonus for Honorably discharged veterans
Replies: 9
Views: 1625

Re: Xmas bonus for Honorably discharged veterans

I'm a military retiree. My experience is that military exchanges are not the deals the once were. WalMart, Target, etc. are very competitive with them on many items. Of course you can still save on some items and there is no sales tax, a particular benefit for bigger ticket items. Not trying to rain...
by friar1610
Tue Aug 15, 2017 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Short-Term Bond Index For Emergency Fund?
Replies: 11
Views: 956

Re: Vanguard Short-Term Bond Index For Emergency Fund?

I have a "first level" and a "second level" emergency fund. First level is in a CU MM account. Second level is in VG Short-Term Bond Index. First level would be used for a true emergency; second level would be, for example, for a new car in a year or so.
by friar1610
Sun Aug 13, 2017 8:57 pm
Forum: Investing - Theory, News & General
Topic: My (general) contacts with Treasury Direct re loss & liability
Replies: 14
Views: 1828

Re: My (general) contacts with Treasury Direct re loss & liability

Beardsworth, Thank you for starting this thread. This week I plan to go through the thread in more detail, copy TD's rules, etc. and put together a letter to one of my senators asking why TD is able to exempt itself from any responsibility for our money if their site gets hacked. She is supposed to ...
by friar1610
Fri Aug 11, 2017 5:08 pm
Forum: Investing - Theory, News & General
Topic: Securities in an Insecure World...Graham
Replies: 12
Views: 1308

Securities in an Insecure World...Graham

A friend sent me a link to a recent Barron's article by Jeremy Grantham called "Why are Stock Market Prices So High?" It was one of those articles I had to plod through although I found his points interesting. Toward the end Grantham quotes a November 1963 speech by Benjamin Graham called "Securitie...
by friar1610
Thu Aug 10, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Do I have enough to retire-retire from the military
Replies: 42
Views: 3558

Re: Do I have enough to retire-retire from the military

If your desire is to live in a higher COL area, I'd look into moving into the contracting realm. Sr. officers and NCOs can do quite well and really don't have to do much. I knew one Bradley master gunner that pulled in about 80K per year and did about 3 hours of work per month. For officers, it can...
by friar1610
Wed Aug 09, 2017 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Do I have enough to retire-retire from the military
Replies: 42
Views: 3558

Re: Do I have enough to retire-retire from the military

Regarding #6 in IMO's post above...I took SBP at less than the max. Now, at age 72, I wish I had taken the full amount. My wife will still be OK if I predecease her, but there is money in the portfolio that I have to mentally "fence" for her potential future living expenses. If I'd spent a bit more...
by friar1610
Tue Aug 08, 2017 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: What is an appropriate lower risk asset allocation once one has "won the game"
Replies: 50
Views: 5891

Re: What is an appropriate lower risk asset allocation once one has "won the game"

Somewhat similar situation to OP although inflation adjusted income streams don't exceed expenses by as much as his. Ages 72/70 w/no debt. Equities in 40-45% range works for us. (20-25% Int.) Might go to 50% If market correction puts stocks on sale but will be happy to stay where we are and let mark...
by friar1610
Sun Aug 06, 2017 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: Do I have enough to retire-retire from the military
Replies: 42
Views: 3558

Re: Do I have enough to retire-retire from the military

Regarding #6 in IMO's post above...I took SBP at less than the max. Now, at age 72, I wish I had taken the full amount. My wife will still be OK if I predecease her, but there is money in the portfolio that I have to mentally "fence" for her potential future living expenses. If I'd spent a bit more ...
by friar1610
Thu Aug 03, 2017 11:25 am
Forum: Personal Consumer Issues
Topic: Plumbing problem hose bibb
Replies: 9
Views: 835

Re: Plumbing problem hose bibb

Thanks for the responses so far. For clarification, the valve worked properly 24 hours before I experienced the problem. I do not have any galvanized pipe. It is copper and a little PVC outside of the house. Our water has a high mineral content and things do tend to get "crudded up". I just had a h...
by friar1610
Thu Aug 03, 2017 11:24 am
Forum: Personal Consumer Issues
Topic: Plumbing problem hose bibb
Replies: 9
Views: 835

Re: Plumbing problem hose bibb

Thanks for the responses so far. For clarification, the valve worked properly 24 hours before I experienced the problem. I do not have any galvanized pipe. It is copper and a little PVC outside of the house. Our water has a high mineral content and things do tend to get "crudded up". I just had a h...
by friar1610
Wed Aug 02, 2017 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: In addition to military pension, how much should I save for retirement?
Replies: 13
Views: 1740

Re: In addition to military pension, how much should I save for retirement?

Income - yes that is assuming I continue working in the private sector. If I opt to work for the VA then there is a possibility of a second pension and continued deposit into the TSP. In addition to income from a job after retirement I would also collect retirement from the military of $3700/month....
by friar1610
Wed Aug 02, 2017 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Best Vanguard account
Replies: 52
Views: 3759

Re: Best Vanguard account

This may come across as harsh but it is not intended as such. Given your income (high) and your apparent investment knowledge (low, based on your questions) I think you need to take a "time out" and educate yourself before you start making big mistakes because you don't really understand what you're...
by friar1610
Wed Aug 02, 2017 8:26 am
Forum: Investing - Help with Personal Investments
Topic: In addition to military pension, how much should I save for retirement?
Replies: 13
Views: 1740

Re: In addition to military pension, how much should I save for retirement?

Income - yes that is assuming I continue working in the private sector. If I opt to work for the VA then there is a possibility of a second pension and continued deposit into the TSP. In addition to income from a job after retirement I would also collect retirement from the military of $3700/month....
by friar1610
Mon Jul 31, 2017 2:28 pm
Forum: Investing - Theory, News & General
Topic: Possible NFCU CD Special?
Replies: 11
Views: 2121

Re: Possible NFCU CD Special?

Works out well for me. I've been jumping on specials here and there (which is good) but doing that has somewhat screwed up my 5 year ladder (which is not as good.) This will at least temporarily get me back on the late Dec/early Jan maturity cycle I had originally set up.
by friar1610
Mon Jul 31, 2017 9:46 am
Forum: Investing - Theory, News & General
Topic: Possible NFCU CD Special?
Replies: 11
Views: 2121

Re: Possible NFCU CD Special?

There is a special on the NFCU web site this morning. 5 months, 3%, $10K max.
by friar1610
Sat Jul 29, 2017 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Finance as a college major?
Replies: 50
Views: 4183

Re: Finance as a college major?

I went to an event last night at which local alumni welcomed the parents of and new freshmen preparing to start at my alma mater in a few more weeks. The school focuses on liberal arts and sciences, business and education (no engineering, nursing, etc.) The students were asked to introduce themselv...
by friar1610
Fri Jul 28, 2017 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Finance as a college major?
Replies: 50
Views: 4183

Re: Finance as a college major?

alec wrote:Seems like a small sample size.Did you ask then if they've taken a college finance course?


Well, no. Because these are kids who won't start college for a few more weeks.
by friar1610
Fri Jul 28, 2017 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Finance as a college major?
Replies: 50
Views: 4183

Finance as a college major?

I went to an event last night at which local alumni welcomed the parents of and new freshmen preparing to start at my alma mater in a few more weeks. The school focuses on liberal arts and sciences, business and education (no engineering, nursing, etc.) The students were asked to introduce themselve...
by friar1610
Fri Jul 28, 2017 4:43 pm
Forum: Investing - Theory, News & General
Topic: Is this advice as reprehensible as I think it is?
Replies: 32
Views: 5224

Re: Is this advice as reprehensible as I think it is?

If it were my mother, I'd want to cross examine the advisor.
by friar1610
Fri Jul 28, 2017 9:11 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle, Eugene Fama- New Freakonomics Radio Podcast
Replies: 26
Views: 2640

Re: The Stupidest Thing You Can Do With Your Money

I enjoyed the article, thanks. From the interview of Jack Bogle: STEPHEN DUBNER: As the founder of Vanguard, as the father of index-fund investing — how have you turned out financially? Are you worth billions and billions and billions? JOHN BOGLE: No, I’m not even worth a billion. They laugh at me....
by friar1610
Fri Jul 28, 2017 9:06 am
Forum: Investing - Theory, News & General
Topic: Possible NFCU CD Special?
Replies: 11
Views: 2121

Re: Possible NFCU CD Special?

Yeah, that's a good theory that they may be trying to keep the money from the 15 month/3% certs that are starting to mature. I have a couple of those maturing in a couple of weeks and, like you, would love to be able to roll them over at the same rate.
by friar1610
Thu Jul 27, 2017 9:51 pm
Forum: Investing - Theory, News & General
Topic: Possible NFCU CD Special?
Replies: 11
Views: 2121

Possible NFCU CD Special?

During a phone conversation with Navy Federal today I was told there was a CD "special" that would be announced on Monday. The rep either couldn't or wouldn't give any more info. You now know as much as I do. I'm going to defer an action I was about to take just to see what the news is. I ...
by friar1610
Mon Jul 24, 2017 5:00 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 31752

Re: John Bogle Has Been Right About Investing In International Stocks

I never know who to go with so when it comes to international; the market weight purists or the John Bogles/Buffets. I simply meet in the middle at 25% and I will be sticking to that and re balancing over the decades. You can research, talk, and analyze for literally hours upon hours, days upon day...
by friar1610
Wed Jul 19, 2017 9:15 pm
Forum: Investing - Theory, News & General
Topic: Most Americans don't trust financial advisers
Replies: 64
Views: 6307

Re: Most Americans don't trust financial advisers

20+ years ago when I was getting ready to retire from the Navy I answered an ad for "financial planners" from a well known financial management firm. They had a retired Navy guy who was working for the company call me and we talked for a while. I think he might have leveled with me more th...
by friar1610
Tue Jul 18, 2017 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Thinking out loud
Replies: 30
Views: 3471

Re: Thinking out loud

Friar1610 You asked if "Investing at Level 3" was the same if you had guaranteed sources of income such as pension, SS, etc I'll answer it this way: Another way to look at Investing at level 3 is never touching the stock portion of your portfolio when the market is down If you feel you ne...
by friar1610
Mon Jul 17, 2017 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Which Vanguard bond fund for taxable account?
Replies: 9
Views: 883

Re: Which Vanguard bond fund for taxable account?

FWIW, I had a telephone consult with the VG folks re: my portfolio last week. I am I also in the 25%!tax bracket and have more bond fund money than I'd like to in taxable because there is no room elsewhere. In response to my specific question about whether or not I should transfer any of it to tax-e...
by friar1610
Mon Jul 17, 2017 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Thinking out loud
Replies: 30
Views: 3471

Re: Thinking out loud

Its interesting you have those doubts, this is a very conservative group When you invest in bonds you are increasing the risk of losing your long term purchasing power, bond don't pay well nor respond to inflation. The recent book 'Investing at Level 3" by Dr James Cloonan, founder of AAII (Am...
by friar1610
Sun Jul 16, 2017 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: 2017 RMD Timing
Replies: 33
Views: 2524

Re: 2017 RMD Timing

Most financial reasons favor delaying RMDs to later in the year since markets usually go up and you would earn more on the RMD amount prior to withdrawal. .......... Suppose you don't need the RMD to live on and are going to reinvest in the same fund. When you take it out after reinvesting, any gai...
by friar1610
Sun Jul 16, 2017 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: 2017 RMD Timing
Replies: 33
Views: 2524

Re: 2017 RMD Timing

I'm not smart enough to figure out all the nuances and I have had things organized (even before my wife and I started RMDs) so there are no estimated tax payments needed. So my wife and I each take our RMDs 2x per year. We have our payment months staggered so there is a quarterly incoming payment. W...
by friar1610
Fri Jul 14, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Georgia vs Vanguard 529
Replies: 2
Views: 242

Re: Georgia vs Vanguard 529

I've never lived in Ga so don't know their provisions. It's been my experience in several locations that you get no state tax deals unless you use that state's plan. In one case I used another state's plan because my state's benefits were so paltry as not to be worth it. My then-state didn't have VG...
by friar1610
Wed Jul 12, 2017 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on individual dividend investing?
Replies: 80
Views: 5448

Re: Thoughts on individual dividend investing?

I posted a similar sentiment recently in another thread... My IRA is 50% Wellesley which is 35%-40% dividend paying stocks. (The other 50% is Total Bond.) I am taking RMDs and hope this small equity slice will help the account grow (or at least help prevent it from drawing down too fast.) I don't re...
by friar1610
Tue Jul 11, 2017 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard recommended Retirement allocation too simple?
Replies: 70
Views: 6543

Re: Vanguard recommended Retirement allocation too simple?

Simple can be a very good thing. I am 4 years into retirement with a portfolio that is 50% Vanguard 500 Index Fund (VFIAX), and 50% Vanguard Intermediate-term Bond Index Fund (VBILX), and I'm happy as can be. Depending on your risk tolerance and perspective, you may want to re-visit the internation...
by friar1610
Tue Jul 11, 2017 5:06 pm
Forum: Investing - Theory, News & General
Topic: Hundreds laid off at Fidelity
Replies: 22
Views: 4311

Re: Hundreds laid off at Fidelity

This has been expected around these parts. The Boston Globe has had several articles about buyouts/early retirements being offered to Fidelity employees with layoffs expected based on how many they got to go voluntarily.
by friar1610
Mon Jul 10, 2017 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard recommended Retirement allocation too simple?
Replies: 70
Views: 6543

Re: Vanguard recommended Retirement allocation too simple?

Having just retired ... I recently completed the transfer/consolidation of all my accounts (401K, Brokerage, IRA's , Cash etc) into Vanguard. Because the transfer put me at the Flagship level, I was assigned a VG Personal Advisor to help me set up an investment strategy based on my goals and risk t...
by friar1610
Fri Jul 07, 2017 8:24 am
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15305

Re: Dividend Misunderstandings & Only Spend Return

This is my simple way of looking at it. Say I have an IRA containing a mutual fund with dividend-paying stocks and I am taking RMDs. Twice a year Vanguard sells enough of that fund to meet my RMD requirement. I hope that over time the value of that fund will increase more than the RMDs decrease it.I...
by friar1610
Fri Jul 07, 2017 6:30 am
Forum: Investing - Theory, News & General
Topic: Asset Allocation Precluding DCA
Replies: 25
Views: 1218

Re: Asset Allocation Precluding DCA

I may not fully understood the problem but if I read your post correctly, 60% of your monthly contribution is buying into the "buoyant market".
by friar1610
Thu Jul 06, 2017 11:47 am
Forum: Investing - Theory, News & General
Topic: What is a "sleeve"?
Replies: 34
Views: 3221

Re: What is a "sleeve"?

JupiterJones wrote:
kate1234 wrote:My friend's financial advisor is encouraging her to go with an "end sleeve" and to avoid index funds at all costs :D [pun intended]

What is an "end sleeve"? I don't find anything on the wiki about it.


The financial advisor must've just been making an off-the-cuff remark.


:thumbsup :D
by friar1610
Tue Jul 04, 2017 8:23 pm
Forum: Investing - Theory, News & General
Topic: Your View: Vanguard Variable Annuity or just use Taxable account
Replies: 13
Views: 1204

Re: Your View: Vanguard Variable Annuity or just use Taxable account

I'm in a similar position to friar 1610 (invested in a VA a long time ago looking for more tax-sheltered space) and in general agree with his advice. Gradually realized that I was making a mistake holding equities within the VA (and now use it just for bonds). Equity allocation is best reserved for...
by friar1610
Tue Jul 04, 2017 1:07 pm
Forum: Investing - Theory, News & General
Topic: Your View: Vanguard Variable Annuity or just use Taxable account
Replies: 13
Views: 1204

Re: Your View: Vanguard Variable Annuity or just use Taxable account

Hello all I would be very grateful for your thought on the better approach for me. I do not have access to tax Sheltered Accounts other than I Bonds at Treasury Direct which is fully funded each year. To create a Tax Sheltered fund of sorts ..I opened a Vanguard Variable Annuity to accumulate my re...
by friar1610
Mon Jul 03, 2017 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Donate shares or cash to charity?
Replies: 19
Views: 1161

Re: Donate shares or cash to charity?

Thank you for the responses! I wasn't aware familiar with the DAF option, so will look into that. I'll also try placing the scenario into tax software and study the IRS info more thoroughly, in order to make a decision. FWIW, I every year I contribute to my alma mater. I convert mutual fund shares ...
by friar1610
Fri Jun 30, 2017 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard recommended Retirement allocation too simple?
Replies: 70
Views: 6543

Re: Vanguard recommended Retirement allocation too simple?

Having just retired ... I recently completed the transfer/consolidation of all my accounts (401K, Brokerage, IRA's , Cash etc) into Vanguard. Because the transfer put me at the Flagship level, I was assigned a VG Personal Advisor to help me set up an investment strategy based on my goals and risk t...
by friar1610
Thu Jun 29, 2017 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard and other "portfolio tester" tools for asset allocation
Replies: 14
Views: 1481

Re: Vanguard and other "portfolio tester" tools for asset allocation

I have found that Vanguard's tools are only approximately accurate. They consider a domestic fund to be 100% domestic and ignore any international holdings. They also do not break down the holdings of a fund into large/medium/small cap. They just use the predominant cap size. (Total Stock Market fu...
by friar1610
Thu Jun 29, 2017 8:34 pm
Forum: Personal Consumer Issues
Topic: Pre-owned Acura's... Value of 'Certified'?
Replies: 23
Views: 2249

Re: Pre-owned Acura's... Value of 'Certified'?

Something in the far reaches of my mind seems to recall that the Volvo dealer from whom I bought my CPO either intimated or outright told me this: CPOs have to meet a predetermined set of standards. Then the dealer buys what amounts to an extended warranty which is what allows the original warranty ...
by friar1610
Thu Jun 29, 2017 12:10 pm
Forum: Personal Consumer Issues
Topic: Pre-owned Acura's... Value of 'Certified'?
Replies: 23
Views: 2249

Re: Pre-owned Acura's... Value of 'Certified'?

I bought a CPO Volvo in 2006. Don't know how it works with other dealers but with Volvo the clock on the time-based warranty started ticking as of the car's original in-service date. For example, if the car is 2 years old when you buy it and they've added two years to the original 3 year new-car war...
by friar1610
Tue Jun 27, 2017 9:10 am
Forum: Investing - Theory, News & General
Topic: The 5 Pitfalls of Mutual Funds by,....
Replies: 22
Views: 2169

Re: The 5 Pitfalls of Mutual Funds by,....

Just last week I received an impressive looking envelope from Fisher Investments in the mail. If I had $500K or more in investable assets, I was urged to respond - no obligation, you see - to begin to determine if we were right for each other. Fortunately, this arrived the same day that we put out o...
by friar1610
Mon Jun 26, 2017 3:38 pm
Forum: Personal Consumer Issues
Topic: Anyone else getting priced out of Volvo market?
Replies: 19
Views: 1867

Re: Anyone else getting priced out of Volvo market?

I don't know if you're in the market for an XC60, but we were recently quoted around 15% off MSRP for a 2017 AWD XC60. The 2018 model will arrive in a few months. Thank you but probably not. We're really in the market for a wagon rather than an SUV. Even if they had the same deals on the V60 AWD, t...
by friar1610
Mon Jun 26, 2017 1:57 pm
Forum: Personal Consumer Issues
Topic: Anyone else getting priced out of Volvo market?
Replies: 19
Views: 1867

Re: Anyone else getting priced out of Volvo market?

We bought a used 2007 V50 for about $10k in 2014. We really like it, and considered replacing it with its contemporary, the V60. Even used, these things are mid $20k. yikes. I hope their service center doesn't follow along with its pricing, because I need a timing belt change on that V50. You menti...