Search found 645 matches

by friar1610
Sat Aug 27, 2016 12:07 pm
Forum: Investing - Theory, News & General
Topic: When in doubt, convert to a Roth
Replies: 17
Views: 1627

Re: When in doubt, convert to a Roth

I posted questions about this in an earlier thread and am still on the fence. At age 71 ........................................ I also don't relish being locked into a 5 year restriction (from the time of first conversion) on withdrawing the Roth funds.................................. Perhaps rea...
by friar1610
Sat Aug 27, 2016 11:46 am
Forum: Investing - Theory, News & General
Topic: When in doubt, convert to a Roth
Replies: 17
Views: 1627

Re: When in doubt, convert to a Roth

I posted questions about this in an earlier thread and am still on the fence. At age 71 and and with an income solidly in the 25% bracket I am keenly aware of the risk of slipping into the next Medicare premium bracket. (Several years ago, when I took some CGs to pay cash for a new house, I inadvert...
by friar1610
Fri Aug 26, 2016 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Need Retirement Fund Allocation Advice
Replies: 12
Views: 592

Re: Need Retirement Fund Allocation Advice

Phineas J. Whoopee wrote:
friar1610 wrote:Not clear to me why you wouldn't just use VG Total Stock Market Fund for the US equity portion instead of the 3 funds which essentially mirror it.

Inside OP's 401(k) it's understandable.
PJW


Yep. Didn't understand that.
by friar1610
Fri Aug 26, 2016 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Need Retirement Fund Allocation Advice
Replies: 12
Views: 592

Re: Need Retirement Fund Allocation Advice

Not clear to me why you wouldn't just use VG Total Stock Market Fund for the US equity portion instead of the 3 funds which essentially mirror it.
by friar1610
Fri Aug 26, 2016 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: international bond funds
Replies: 14
Views: 871

Re: international bond funds

Just wondering the boglehead perspective on the importance of international bond funds in one's portfolio. Seems to me the 3 fund strategy would miss this small component - does it matter? should I set aside a few percent for it? If you research the subject on these boards I think you will find opi...
by friar1610
Wed Aug 24, 2016 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about VG PAS
Replies: 5
Views: 476

Re: Questions about VG PAS

HueyLD wrote:Have you read this Vanguard PAS brochure ( https://personal.vanguard.com/pdf/vpabroc.pdf )? I think it provides answers to your questions.

In addition, it has a dedicated phone number of 1-800-416-8420 for additional questions.


No, I haven't seen the brochure. Thank you.
by friar1610
Wed Aug 24, 2016 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about VG PAS
Replies: 5
Views: 476

Questions about VG PAS

I think I understand PAS reasonably well from the VG web site and from posts I've read here. But there are a few things I don't understand and wonder if some of you might. Specifically, - if you don't want to follow their AA recommendations, will they still take you as a client and manage to your sp...
by friar1610
Mon Aug 22, 2016 7:31 pm
Forum: Investing - Help with Personal Investments
Topic: State imposes fine for underwitholding after a Roth conversion
Replies: 11
Views: 959

Re: State imposes fine for underwitholding after a Roth conversion

And related to the OP's question, what's the right way to handle this? You have your tax withholding (from pension, SS, RMDs) set up to cover your taxes on those income sources + anticipated interest/CG distros without overpaying by much and without having to mess with quarterly estimated taxes. The...
by friar1610
Mon Aug 22, 2016 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Debt Free - Now What
Replies: 37
Views: 3432

Re: Debt Free - Now What

Retention, maybe. I wonder how many young folks join the military even considering what retirement model is used though. I did 4 years active, 6 good Reserve years, and then got out. I wish I had something to show for it. So, I can see it as a good thing... or, would have been. :happy Good point. B...
by friar1610
Sun Aug 21, 2016 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion or Not?
Replies: 45
Views: 2975

Re: Roth Conversion or Not?

I'm a little confused here. I had always understood that the conventional wisdom was never to use the money from the tIRA to pay the tax necessary to do a conversion. But maybe that applies when younger folks are doing the conversion?? Or maybe my situation is atypical?? I'm confused as well. The i...
by friar1610
Sun Aug 21, 2016 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion or Not?
Replies: 45
Views: 2975

Re: Roth Conversion or Not?

Thanks very much to those who responded. Here are a few comments/details on points that were brought up: If you are in the 25% bracket as a couple, when one dies, the survivor may very well be in the 28% bracket. I'm not sure this is a reason to do Roth conversions in your case, but it is something ...
by friar1610
Sat Aug 20, 2016 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion or Not?
Replies: 45
Views: 2975

Re: Roth Conversion or Not?

bgrpph wrote:if op is at top of 25% bracket- another item is will a roth conversion push their AGI higher so their medicare part B payments are increased.



Yes', I had considered that but haven't looked more closely at the numbers. That was something I had to watch once in the past when I was rebalancing.
by friar1610
Sat Aug 20, 2016 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion or Not?
Replies: 45
Views: 2975

Roth Conversion or Not?

I'm a long-time BH whose investments essentially follow the philosophy espoused here. I've read a few posts over the past several months having to do with Roth IRA conversions and they have gotten me thinking that maybe I haven't paid enough attention to the subject in the past. My basic question is...
by friar1610
Fri Aug 19, 2016 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Debt Free - Now What
Replies: 37
Views: 3432

Re: Debt Free - Now What

Do military folks get a match on TSP contributions? . No, they don't because of the current non-contributory pension currently in effect. But there are aperiodic efforts to reform the military retirement system to make it more "civilian like". One aspect of that is good because it would p...
by friar1610
Fri Aug 19, 2016 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house....
Replies: 19
Views: 1594

Re: Would you buy a house....

[quote="Rupert"]I would try to talk to the neighbors to see what it's really like to live there.[/]

Not sure how close the tennis courts are to the house but I would certainly want to know if you can hear bouncing tennis balls inside the house. If you can the noise might drive you crazy!
by friar1610
Fri Aug 19, 2016 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Debt Free - Now What
Replies: 37
Views: 3432

Re: Debt Free - Now What

As a long-time military retiree I can only say that I wish the TSP had been available to me back in the day. No better, cheaper place to invest the BH way! But in the old days the TSP was only for civilian employees.
by friar1610
Tue Aug 16, 2016 8:54 pm
Forum: Personal Consumer Issues
Topic: The True Cost of Owning a Dog
Replies: 105
Views: 7354

Re: The True Cost of Owning a Dog

FWIW, our dog was attacked earlier this summer by an unleashed neighborhood dog. (I was taking our dog for his evening stroll before bed. On a leash.) Won't go into the details of the injuries but surgery was required, a couple of nights at the doggie hospital and multiple follow up visits. Total bi...
by friar1610
Mon Aug 15, 2016 9:41 am
Forum: Personal Finance (Not Investing)
Topic: USAA worth it?
Replies: 23
Views: 2862

Re: USAA worth it?

62caster, You mention you bank with USAA and I wonder if you might qualify in any way to join the Navy Federal Credit Union whom in my opinion has much better rates. I've been with both USAA and NFCU since 1961 and NFCU various savings rates are much better in my opinion. I am both a long-term USAA...
by friar1610
Mon Aug 15, 2016 9:34 am
Forum: Personal Finance (Not Investing)
Topic: USAA worth it?
Replies: 23
Views: 2862

Re: USAA worth it?

I currently bank with USAA. For the sake of consolidation, and because I've heard such great things, I'm considering moving my auto, homeowners, and term life to them. However, my auto quote is 35% higher, homeowners quote is 30% higher, and life is 40% higher. Im willing to pay a little more for g...
by friar1610
Thu Aug 11, 2016 1:44 pm
Forum: Investing - Theory, News & General
Topic: Portfolio Allocation
Replies: 17
Views: 1534

Re: Portfolio Allocation

I had some good luck with individual stocks quite a few years ago: Joseph A. Banks, Oracle, MBNA Bank. I also had an IT training company (forget its name) that went up 10X. I decided to hold on until I'd owned it a year and then sell it because I wanted the more favorable LTCG treatment. (You can ob...
by friar1610
Mon Aug 08, 2016 10:56 am
Forum: Investing - Help with Personal Investments
Topic: How does a Boglehead save for child's education?
Replies: 138
Views: 9396

Re: How does a Boglehead save for child's education?

I saved in a 529 and had the first year of her undergrad paid off. I cash flowed the rest. She currently has one more year and will have a Masters degree, I have one more payment left and I'm home free and she ill have no student loan debt. Congratulations, that's awesome :) . Getting the children ...
by friar1610
Sun Aug 07, 2016 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: How does a Boglehead save for child's education?
Replies: 138
Views: 9396

Re: How does a Boglehead save for child's education?

Don't forget to hit it from the "reduce expenses" side as well. . My wife and I often recall the decision that made paying for 2 private colleges relatively painless. During the kids' junior high and high school years we stuck with a house that was a tad small but still perfectly adequate...
by friar1610
Thu Aug 04, 2016 10:52 am
Forum: Investing - Help with Personal Investments
Topic: No faith in stocks/bonds - Where to park cash?
Replies: 38
Views: 3751

Re: No faith in stocks/bonds - Where to park cash?

You could put a tiny fraction of your money into I bonds or EE bonds. They are government savings bonds and so don't work quite the same way as bonds on the open bond market. There's a max of $10,000 per year you could invest into each type of bond. You can't cash for the first year without an inte...
by friar1610
Mon Aug 01, 2016 1:51 pm
Forum: Investing - Theory, News & General
Topic: Incremental Rebalancing strategy
Replies: 55
Views: 2834

Re: Incremental Rebalancing strategy

For what it's worth, I have always viewed dry powder within this context: - I pretty much follow the rule of fixed income in tax-advantaged and equities in taxable. - But I keep a relatively small bond fund chunk in my taxable account in case equities drop and I want to buy more to rebalance. - That...
by friar1610
Thu Jul 28, 2016 11:01 am
Forum: Investing - Theory, News & General
Topic: Vanguard Dividend Growth just closed (effective *now*)
Replies: 62
Views: 6113

Re: Vanguard Dividend Growth just closed (effective *now*)

Not to get this thread off-topic, but... I've been considering moving a portion of my IRA (currently 100% Total Bond Index) to Wellesly Income. Since the stock portion of Wellesly is "valuey" and "dividendy" and is managed by Wellington Mgt as well, I wonder if there's any danger...
by friar1610
Tue Jul 26, 2016 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Premium increase for federal employee long term care insurance
Replies: 63
Views: 4531

Re: Premium increase for federal employee long term care insurance

On a more useful note, an article of interest (7/26/16) to those currently enrolled in FLTCIP: Most long-term insurance care enrollees are eligible for little-known benefit, at https://www.washingtonpost.com/news/powerpost/wp/2016/07/26/most-long-term-insurance-care-enrollees-are-eligible-for-littl...
by friar1610
Mon Jul 25, 2016 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement for Women(?)
Replies: 34
Views: 3387

Re: Retirement for Women(?)

Women tend to spend longer times in nursing homes than men. And this fact comes out in spades with respect to the recently announced increases in premiums for the Federal Long Term Care Insurance Program which is the subject of another thread. The increases for my wife's plan are considerably highe...
by friar1610
Mon Jul 25, 2016 5:06 pm
Forum: Investing - Theory, News & General
Topic: NY State College 529
Replies: 6
Views: 537

Re: NY State College 529

I'm a grandparent too. If you live in a state with income tax AND you can get a break (deduction, tax credit, whatever) on your state income tax, that may be the way to go. (I say may because the plan for your state might be undesirable for reasons of cost, fees, investment choices, etc. and you may...
by friar1610
Sun Jul 24, 2016 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Premium increase for federal employee long term care insurance
Replies: 63
Views: 4531

Re: Premium increase for federal employee long term care insurance

I've finally had a chance to sit down and analyze my letter. I've had the insurance since it was first available, about 13 years ago. I originally opted for the $150/day coverage for both me and my wife. 90 day waiting period; 3 year benefit period for me; 5 years for her. The plan originally had a ...
by friar1610
Sat Jul 23, 2016 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Premium increase for federal employee long term care insurance
Replies: 63
Views: 4531

Re: Premium increase for federal employee long term care insurance

Several people asked in earlier posts if anyone has had any experience with either the Federal LTC program or with John Hancock. The link below is to a post by Doug Nordman ("Nords") who runs a military retirement web site, posts on the Early Retirement/Financial Independence boards and wh...
by friar1610
Fri Jul 22, 2016 5:46 pm
Forum: Investing - Theory, News & General
Topic: Recession post-election?
Replies: 40
Views: 2873

Re: Recession post-election?

Have an age/time-to-retirement appropriate AA and emergency fund and ignore the noise. After the election, markets will either go up, go down, or stay flat. Sadly, my Tardis is broken, so I don't know which it will be. :happy I know a guy at the gym who is retired from Wellington Management (which ...
by friar1610
Wed Jul 20, 2016 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Just got back from Europe...ready to sell my International...
Replies: 82
Views: 9583

Re: Just got back from Europe...ready to sell my International...

When I've travelled internationally in recent years, I've always returned feeling that my decision to invest internationally has been reinforced by the trip. There's obvious economic activity in the countries I've visited and it serves as a good reminder that the good ol' USA is not the only place w...
by friar1610
Wed Jul 20, 2016 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, at what age did you "retire"? Is it working out?
Replies: 57
Views: 8070

Re: Early retirees, at what age did you "retire"? Is it working out?

Retired from the Navy at 50. Worked for a few companies until age 58 when I retired for good. My wife, who had been a SAHM until the kids were in HS, stopped working 2 years after I did. The Navy pension and, later SS, provide a steady "paycheck" in retirement. The investments have been ic...
by friar1610
Sun Jul 17, 2016 10:07 pm
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this
Replies: 211
Views: 50221

Re: I can't believe I am thinking this

I'm at 50/50 US/INTL because I believe valuations do have significant influence on long term returns, 10 years of so. Currently while the US market is generously valued in my view, at or near all time highs, both DM and especially EM have been struggling for years. Their struggles may continue or a...
by friar1610
Sat Jul 16, 2016 9:37 am
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this
Replies: 211
Views: 50221

Re: I can't believe I am thinking this

friar1610 wrote: I'd be interested in knowing what AA you'd recommend going forward if one wanted to keep it relatively conservative, track inflation and (maybe a bit more) but take no exhorbitant risk on the equity side. Figure a need for 25 years or so with a 3-ish% withdrawal rate. Also figure t...
by friar1610
Fri Jul 15, 2016 7:57 pm
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this
Replies: 211
Views: 50221

Re: I can't believe I am thinking this

30:70 worked very well in 2008 and it also works well on backtesting for longer periods in the past. No doubt it helped you to sleep at night during the 2007-9 crisis. For longer time periods going forward, however, like the next 30 - 40 years returns may not be as good as long term backtesting sta...
by friar1610
Tue Jul 12, 2016 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity - stick it out or bail ?
Replies: 4
Views: 545

Re: Annuity - stick it out or bail ?

The new Jane Bryant Quinn book, "Making Your Money Last", has a chapter on annuities that explains all of this in detail. I only skimmed it because I wasn't interested but it may be worth a close look. I got it at my local library.
by friar1610
Tue Jul 12, 2016 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: How does VPAS work?
Replies: 3
Views: 455

Re: How does VPAS work?

I don't know the answers to all your questions. But the answer to 2 is no. That's why I haven't considered VPAS in my planning for my wife should she become my widow. Although all our mutual funds are with VG, we also have CDs, I-bonds and CU MM accounts which, for the most part we want to retain. I...
by friar1610
Mon Jul 11, 2016 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Increasing equity allocation - do it in taxable or IRA
Replies: 0
Views: 134

Increasing equity allocation - do it in taxable or IRA

I've made a decision over the past several months to change my/our AA from 40% equity to 45%. (I realize this is nothing earth-shaking.) The increase will come from adding to our VG Total Stock Market (VTSAX) position (our only domestic equity holding.) There are two options for making the change: 1...
by friar1610
Fri Jul 08, 2016 4:45 pm
Forum: Investing - Theory, News & General
Topic: Fidelity pushing for high equity allocation?
Replies: 7
Views: 727

Fidelity pushing for high equity allocation?

I assist my mid-40's unmarried daughter with her investment planning. She is a nurse working at a hospital where Fidelity is the 403B provider. Fido offers a dizzying array of funds in the plan but fortunately there are enough index funds (what used to be Spartan funds but I know there has been a re...
by friar1610
Fri Jul 08, 2016 3:59 pm
Forum: Investing - Theory, News & General
Topic: What's your asset allocation and why?
Replies: 103
Views: 5674

Re: What's your asset allocation and why?

40/55/5 at ages 71/70. 20-25% of equities in international. Essentially a classic VG 3 fund port although fixed includes a chunk of I-bonds and some CDs. IRAs are 100% VG Total Bond although I've been considering converting about 15% of IRAs to equity either via VG Total Stock Index or Wellesley (wh...
by friar1610
Mon Jul 04, 2016 2:50 pm
Forum: Investing - Theory, News & General
Topic: "Less is More"
Replies: 15
Views: 3044

Re: "Less is More"

Levett wrote:"The Paradox of Choice."

You can read the book or listen to the talk.

https://www.ted.com/talks/barry_schwartz_on_the_paradox_of_choice?language=en

Lev


Very interesting talk (only 20 min or so). Thanks for posting the link.
by friar1610
Fri Jul 01, 2016 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: "Upgrade" VG taxable account to Brokerage?
Replies: 5
Views: 347

Re: "Upgrade" VG taxable account to Brokerage?

If you are strictly a MF guy (as I am) there is no particular reason to do this but there is no disadvantage that I'm aware of either. You will have to do it if you want checkriting privileges/a debit card for the MM fund. I did the upgrade and it was a non-event.
by friar1610
Fri Jul 01, 2016 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: My Variable Annuity [what do I have?]
Replies: 12
Views: 860

Re: My Variable Annuity [what do I have?]

itstoomuch wrote:
ALL retirement plans (ira, roth, 401k,, pensions, 457, etc) eventually convert into some type of life Income or annuity.

Ymmv


Can you explain what you mean by his?
by friar1610
Thu Jun 30, 2016 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Do I worry about turnover rate in RothIRA?
Replies: 6
Views: 422

Re: Do I worry about turnover rate in RothIRA?

Although the higher turnover won't effect taxes in a Roth, the trading expenses will have some impact on your overall returns.
by friar1610
Mon Jun 27, 2016 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Changing from annuity to low cost adviser
Replies: 4
Views: 440

Re: Changing from annuity to low cost adviser

Is it a good time to change from a variable annuity to a fiduciary financial adviser with brexit and the stock market instability? I will have to pay a surrender fee that is around $28k but will be made up in 2 years of not paying more than 3% fees. This adviser and funds will cost about 1.2% offer...
by friar1610
Mon Jun 27, 2016 9:36 am
Forum: Investing - Theory, News & General
Topic: Developed Mkts/Emerging Mkts Relative Drops
Replies: 6
Views: 745

Developed Mkts/Emerging Mkts Relative Drops

I noticed that on Friday that Developed Markets indexes dropped by a greater percentage than Emerging Markets indexes. At least as of this hour, the same trend seems to be continuing today. I'm curious as to why this is the case. The only thing I can figure out is that more Developed Market countrie...
by friar1610
Fri Jun 24, 2016 6:19 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Total International] ETF currently down 7.09% - Time to sell?
Replies: 39
Views: 4144

Re: Vang TIn'tSMI ETF currently down 7.09%

The longer the period you look at the less dramatic the drops seem. Sorta helps keep things in perspective. If it begins to look dramatic on the one year graph it might be time to buy. Longer periods can fool you because they will not plot every point but might plot every tenth point. So last week ...
by friar1610
Fri Jun 24, 2016 4:16 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Total International] ETF currently down 7.09% - Time to sell?
Replies: 39
Views: 4144

Re: Vang TIn'tSMI ETF currently down 7.09%

Is looking at Vanguard Total International Stock ETF price movement near close good prediction of the price movement equivalent mutual fund will get? That's as good as you can get if you want to track it during the day. When the MF price (NAV) is computed after the market closes you can see how clo...

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