Search found 972 matches

by friar1610
Thu Oct 19, 2017 12:44 pm
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 121
Views: 8409

Re: anyone else not liking the new cars?

Take a look at the 2018 Buick LaCrosse, a very nice looking car in my opinion. I have a 2011 Regal, a smaller car than the LaCrosse, and have been quite pleased with it. Of course, there is the "old fart's car" image of Buicks that probably lingers although GM has been trying hard to appeal to a you...
by friar1610
Thu Oct 19, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: [If I die before my spouse, how to direct Vanguard advisors?]
Replies: 33
Views: 2314

Re: About Vanguard advisors: opinions, thoughts?

As one of those in the same boat, I like your solution BUT I have a couple of questions: 1. Are your taxable accounts jointly owned with your spouse such that she automatically becomes the owner on your death? 2. If so, are you sure the step-up applies? 3. If not, how do you have things set up so s...
by friar1610
Wed Oct 18, 2017 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: [If I die before my spouse, how to direct Vanguard advisors?]
Replies: 33
Views: 2314

Re: About Vanguard advisors: opinions, thoughts?

I am faced with the same situation that many others have: If I predecease my spouse, she would have difficulty maintaining our portfolio, simple as it might be. We currently have all of our money at Vanguard in the 3 fund portfolio and love it's simplicity. I've tried explaining re-balancing to her...
by friar1610
Wed Oct 18, 2017 3:25 pm
Forum: Investing - Theory, News & General
Topic: About Vanguard advisors: opinions, thoughts?
Replies: 78
Views: 8020

Re: About Vanguard advisors: opinions, thoughts?

I just recently signed up for VPAS and turned my portfolio over to the advisor. Here are my thoughts:.... - Contrary to many posts above, VPAS will absolutely build and adjust the plan to match personal circumstances, within their investment methodology. For example, my advisor and I had a great co...
by friar1610
Tue Oct 17, 2017 8:57 am
Forum: Personal Finance (Not Investing)
Topic: You career roots and your path to financial independence. "Actionable: steps and tips for others?
Replies: 56
Views: 5469

Re: You career roots and your path to financial independence. "Actionable: steps and tips for others?

I live in a small over-55 condo community in a fairly HCOL area. FWIW on the issue of whether or not you can "make it" as a skilled blue-collar tradesman I've noticed that a significant percentage (>33%) of our community is populated by people who started out in the trades but who leveraged those sk...
by friar1610
Tue Oct 17, 2017 8:29 am
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 104
Views: 5796

Re: How does everyone keep track of your portfolio?

Vanguard site for my funds as they're all with VG. At the end of each quarter I manually update CD and I-Bond values. KISS.
by friar1610
Mon Oct 16, 2017 10:45 am
Forum: Investing - Theory, News & General
Topic: About Vanguard advisors: opinions, thoughts?
Replies: 78
Views: 8020

Re: About Vanguard advisors: opinions, thoughts?

Thanks Friar1610. I have the EXACT same issue to deal with. My wife has no clue about investing and personal finance, and really has no desire to learn. (Although, she has been saying for years that she wants to learn, but has never made the time to learn from me.) I don't want her using a regular ...
by friar1610
Mon Oct 16, 2017 8:48 am
Forum: Investing - Theory, News & General
Topic: About Vanguard advisors: opinions, thoughts?
Replies: 78
Views: 8020

Re: About Vanguard advisors: opinions, thoughts?

So friar11610, what will you recommend your wife do if your demise is first? That's a good question and a dilemma for me. I've written out a set of very specific directions for her to follow but I'm not totally sure that's sufficient. Ideally I'd like to find a local advisor/manager to manage withd...
by friar1610
Sun Oct 15, 2017 7:02 pm
Forum: Investing - Theory, News & General
Topic: About Vanguard advisors: opinions, thoughts?
Replies: 78
Views: 8020

Re: About Vanguard advisors: opinions, thoughts?

Several replies point out that if you sign up for VG advisory service you should be expected to follow their advice, and also questioned why anyone would consider signing up. When I was considering VG PAS recently and scheduled a discussion with one of their CFA's I was interested in only two aspec...
by friar1610
Sat Oct 14, 2017 2:30 pm
Forum: Investing - Theory, News & General
Topic: Annuities-when and why?
Replies: 94
Views: 12900

Re: Annuities-when and why?

I too have a VA at Vanguard. You can “roll over” all or a portion of variable annuity assets into an SPIA through what is known as a “1035 exchange.” This exchange avoids exposure of the assets to current taxation. We have done several such exchanges in recent years to create income. Works great an...
by friar1610
Wed Oct 11, 2017 10:12 pm
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate mystery
Replies: 24
Views: 1762

Re: I Bond fixed rate mystery

Gill wrote:
Wed Oct 11, 2017 6:01 pm
friar1610 wrote:
Wed Oct 11, 2017 4:12 pm
Gill wrote:
Wed Oct 11, 2017 3:39 pm
Maximum was $30K and you could charge them on a credit card.
Gill
AND, if you bought them at the end of the month you got interest for the entire month.
Still do.
Gill
I stand corrected. Thanks.
by friar1610
Wed Oct 11, 2017 4:53 pm
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate mystery
Replies: 24
Views: 1762

Re: I Bond fixed rate mystery

Maximum was $30K and you could charge them on a credit card. Gill AND, if you bought them at the end of the month you got interest for the entire month. Did the end of month trick change? It was my impression this was still the case. The few I've bought recently I always scheduled for the 28th of t...
by friar1610
Wed Oct 11, 2017 4:12 pm
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate mystery
Replies: 24
Views: 1762

Re: I Bond fixed rate mystery

Gill wrote:
Wed Oct 11, 2017 3:39 pm
Maximum was $30K and you could charge them on a credit card.
Gill
AND, if you bought them at the end of the month you got interest for the entire month.
by friar1610
Tue Oct 10, 2017 3:50 pm
Forum: Investing - Theory, News & General
Topic: Longterm Investing Renewable ETFs
Replies: 14
Views: 655

Re: Longterm Investing Renewable ETFs

"In other words you can see the changes coming, and I do, but I don't believe I can pick the winners. And they may not even exist yet." But isn't that why an ETF is perfect for this type investment since it has several companies within that make up the ETF? I'm not 100% sure of how an ETF works, bu...
by friar1610
Tue Oct 10, 2017 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 3922

Re: Protecting against the possibility of a correction?

I'm 72 and, at least for me, a gradual drawdown of equity allocation (but not elimination of equities) seems to be the answer. It was pointed out in a recent thread that the 30% and 20% equity allocations of the income versions of Vanguard Target Retirement and Life Cycle funds, respectively, seem t...
by friar1610
Mon Oct 09, 2017 12:01 pm
Forum: Investing - Theory, News & General
Topic: business owner, what is your income from business and how did you get into successfully business, what's your networth?
Replies: 17
Views: 2327

Re: business owner, what is your income from business and how did you get into successfully business, what's your networ

Nothing to contribute from personal experience as I never owned a business nor felt I had the psychological makeup to do so. But as I read this thread I recalled how many of the people cited in "The Millionaire Next Door" were owners of small, non-glamorous businesses (trash removal, septic tank cle...
by friar1610
Sat Oct 07, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Need for inflation protection w/SS and/or inflation-adjusted pensions?
Replies: 9
Views: 686

Re: Need for inflation protection w/SS and/or inflation-adjusted pensions?

To the OP, I don't think there is an easy answer. Active management of your AA is the answer. Select the duration exposure you need, invest in risky equities that offer a good inflation hedge. Right; I recognize that. Just trying to get a sense for how others in similar circumstances deal with the ...
by friar1610
Fri Oct 06, 2017 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Need for inflation protection w/SS and/or inflation-adjusted pensions?
Replies: 9
Views: 686

Need for inflation protection w/SS and/or inflation-adjusted pensions?

I'm curious how other BHs who have SS and/or inflation-adjusted pensions assess their need for inflation protection in the fixed income portions of their portfolios. Specifically, if you have (an) inflation-indexed income stream(s) do you also use I-Bonds and/or TIPS? Or do you feel that the inflati...
by friar1610
Fri Oct 06, 2017 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Mechanics of 1035 Exchange out of Whole Life - Directions Needed
Replies: 6
Views: 503

Re: Mechanics of 1035 Exchange out of Whole Life - Directions Needed

I'm likely going to be getting out of a whole life insurance policy. From what I've read here and at the White Coat Investor, it seems like a 1035 exchange into a Vanguard annuity may be my best way out. I'm looking for a step-by-step set of instructions on how I'd do this to make sure I understand...
by friar1610
Wed Oct 04, 2017 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: RMD Question
Replies: 30
Views: 2679

Re: RMD Question

I did my first QCD contribution this year after many years of transferring appreciated MF shares to the charity. At least in my case it was close to a wash on which was better for me. But I was concerned with keeping the AGI under $170K so that was the tiebreaker. BTW, I don't have a link but Kitces...
by friar1610
Wed Oct 04, 2017 9:51 am
Forum: Investing - Theory, News & General
Topic: Does anyone hold cash?
Replies: 58
Views: 5564

Re: Does anyone hold cash?

72/70, retired, mostly living off my pension with a rare dip into SS. Keep 4-5% in "pure" cash. But a substantial portion of remaining fixed income (about 55% at the moment) is in a tiered allocation ranging from "near cash" to "not near cash". The (after pure cash) tiers are: - ST bond fund - CDs i...
by friar1610
Sun Sep 24, 2017 11:15 am
Forum: Personal Consumer Issues
Topic: The cost of walking el Camino de Santiago
Replies: 119
Views: 21788

Re: The cost of walking el Camino de Santiago

Victoria,

I missed this thread the first time around but have read it on the rebound. Fascinating and thank you for posting it.
by friar1610
Sat Sep 23, 2017 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 112
Views: 8243

Re: Age you retired

From the Navy at 51. Worked 7 years afterwards in corporate jobs and retired for good at 58. Although I socked away a good amount of money during those 7 years, I probably should have gone for a more satisfying 2nd "career" even if it meant lower pay and a few more years of work.
by friar1610
Fri Sep 22, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: long term care
Replies: 5
Views: 621

Re: long term care

Bought into the Federal LTC plan in my late 50s (eligible as a military retiree). At each contact renewal (that is, when the gummint renews the contract with the provider) - this occurs every 5 years - there has been a significant premium increase. Rather than pay the increase, I've opted to keep pr...
by friar1610
Fri Sep 22, 2017 4:42 pm
Forum: Personal Consumer Issues
Topic: The money trail...import vehicle vs domestic.
Replies: 32
Views: 2215

Re: The money trail...import vehicle vs domestic.

My Buick Regal (a great old American brand) was built at an Opel plant in Germany.
by friar1610
Fri Sep 22, 2017 11:29 am
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 18315

Re: Is it really Worth it to brown bag your lunch at work?

Have not read all the posts in this thread. When I was in the Navy (28+ years) I generally brown bagged so I could go the gym or jog at lunchtime and then just eat a quick lunch at my desk. During my second "career" I ate out a bit more but still frequently brown bagged so I could take a 30 minute w...
by friar1610
Thu Sep 21, 2017 5:37 pm
Forum: Personal Consumer Issues
Topic: 2018 Subaru Outback
Replies: 45
Views: 5527

Re: 2018 Subaru Outback

2 price things. Get one from Heuberger in Colorado. They are the biggest Subaru dealer in the US and will give you a price. If you want a Subaru extended warranty, contact Mastria Subaru in Ma and they'll send you a sheet with all the options. If I remember right, Dave does those. Do you have any f...
by friar1610
Wed Sep 20, 2017 8:32 pm
Forum: Personal Consumer Issues
Topic: Laying sod... too late in the year?
Replies: 12
Views: 1301

Re: Laying sod... too late in the year?

TLC1957 wrote:
Fri Sep 15, 2017 2:36 am
When laying sod remember green side up....ALWAYS.....you can not go wrong by doing this. :oops:
Damn! I was going to post that timeless advice but you beat me to it! :(
by friar1610
Wed Sep 20, 2017 8:26 pm
Forum: Personal Consumer Issues
Topic: 2018 Subaru Outback
Replies: 45
Views: 5527

Re: 2018 Subaru Outback

I'm a recovering Volvo owner. (I've owned 3, 2 of which were wagons. But the new generation of wagons is too expensive for me.) I plan to get my 2005 XC-70 through one more New England winter and will likely replace it with a new Outback in the spring. But I am also waiting for the new 2018 Buick Re...
by friar1610
Sat Sep 09, 2017 4:55 am
Forum: Personal Consumer Issues
Topic: Take car to dealer before warranty expires?
Replies: 10
Views: 1151

Re: Take car to dealer before warranty expires?

I had a similar thought recently. I have a 2011 that I normally have serviced at a non-dealer shop. It's well past warranty but for my last oil change I thought it might be worthwhile taking it to the dealer, thinking that every now and then it's probably good to have the "experts" put an eyeball on...
by friar1610
Sat Sep 02, 2017 5:35 pm
Forum: Personal Consumer Issues
Topic: Podcast [Looking for suggestions]
Replies: 29
Views: 2298

Re: Podcast

I'm stuck in a Podcast rut, listening to the same people over and over. I'm looking for suggestions. Thank you! If you're at all interested in intelligence/military/espionage/Cold War history, try Spycast. It's done by the National Soy Museum. I enjoy most of what I listen to there. There's a Natio...
by friar1610
Sat Sep 02, 2017 9:52 am
Forum: Personal Consumer Issues
Topic: Podcast [Looking for suggestions]
Replies: 29
Views: 2298

Re: Podcast

timmy wrote:
Sat Sep 02, 2017 9:17 am
I'm stuck in a Podcast rut, listening to the same people over and over. I'm looking for suggestions. Thank you!
If you're at all interested in intelligence/military/espionage/Cold War history, try Spycast. It's done by the National Soy Museum. I enjoy most of what I listen to there.
by friar1610
Fri Sep 01, 2017 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Question about pension and risk
Replies: 36
Views: 2206

Re: Question about pension and risk

I recently retired from a large Corp with a reasonable pension and was evaluating how it affects risk tolerance. I have 2M investable assets with ~ 45/55 stock/bond AA and was wondering if I should be more aggressive with the AA since there is a steady stream of income. When both the spouse and mys...
by friar1610
Thu Aug 31, 2017 4:55 pm
Forum: Local Chapters and Bogleheads Community
Topic: [Are the Bogleheads] getting less interesting?
Replies: 255
Views: 17022

Re: [Are the Bogleheads] getting less interesting?

I, for one, am particularly glad these boards are so well and tightly moderated. When I really got interested in this stuff years ago I started with the Retire Early Home Page. It was initially a site run by John Greaney (AKA intercst) and then it migrated to The Motley Fool. It was really a great b...
by friar1610
Wed Aug 30, 2017 11:56 am
Forum: Personal Consumer Issues
Topic: Companies/Brands You Love?
Replies: 157
Views: 10099

Re: Companies/Brands You Love?

L.L. Bean. To paraphrase an old military expression, if I went into my closet and yelled, "L.L. Bean, Attention on Deck!" about 3/4 of my clothes would be off the hangars and standing tall.
by friar1610
Tue Aug 29, 2017 8:08 am
Forum: Investing - Help with Personal Investments
Topic: USAA opinions. Worth it?
Replies: 53
Views: 5276

Re: USAA opinions. Worth it?

Add me to the list of those who have been with USAA 40+ years. I have home, auto and an old whole life policy I bought 35 years ago. Also have a credit card and when I made my most recent move I took a HELOC on my old house to serve as a bridge loan since the old house didn't sell until after I paid...
by friar1610
Mon Aug 28, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from Vanguard
Replies: 38
Views: 2446

Re: QCDs from Vanguard

Steelersfan wrote:
Mon Aug 28, 2017 5:05 pm
I suspect "the system" doesn't know if you want to take the QCD in addition to your regular RMD or as a distribution to partially meet your required RMD. You know it's the later, it doesn't.
Point taken - thanks.
by friar1610
Mon Aug 28, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from Vanguard
Replies: 38
Views: 2446

Re: QCDs from Vanguard

Based on my experience the information you have received is correct. If you take a QCD withdrawal you should have Vanguard recalculate the balance of the RMD. Then you can reschedule the final RMD changing if necessary your tax withholding etc. From one of your account view pages go to the link at ...
by friar1610
Mon Aug 28, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from Vanguard
Replies: 38
Views: 2446

QCDs from Vanguard

I've never used the QCD process to make a charitable donation from my IRA before but am considering doing it this year. I spoke to a VG rep earlier today. He either confused me or I am a bit dense so just looking for confirmation on how this works from BHs who may have done this before. I already ha...
by friar1610
Tue Aug 22, 2017 11:01 am
Forum: Investing - Theory, News & General
Topic: Amazed by Vanguard Wellington's Performance
Replies: 62
Views: 9128

Re: Amazed by Vanguard Wellington's Performance

I've done a number of those Portfolio Vizualizer comparisons, although using Wellesley rather than Wellington. Although I'm primarily an indexer, there just seems to be such a good a track record from W&W over long periods that I have to think Wellington Management has a magic touch.
by friar1610
Sun Aug 20, 2017 11:42 am
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 13602

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: 420

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: 11
Views: 2182

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: 1920

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: 1999

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: 1425

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: 3758

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: 3758

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: 6233

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...