Search found 738 matches

by friar1610
Fri Dec 02, 2016 5:18 pm
Forum: Investing - Theory, News & General
Topic: Forget the 4% safe withdrawal rule -- use RMDs instead.
Replies: 46
Views: 5416

Re: Forget the 4% safe withdrawal rule -- use RMDs instead.

Thanks for sharing but the article says nothing about those of us that have tax-deferred, tax-free, and taxable accounts. Are they saying ignore the 4% rule - and don't touch/spend anything except your tax-deferred account RMD amount? That ain't retirement living :) The way I read it was that apply...
by friar1610
Fri Dec 02, 2016 5:11 pm
Forum: Investing - Theory, News & General
Topic: Vanguard VA questions
Replies: 5
Views: 478

Re: Vanguard VA questions

The answer to both of your questions is yes. It is good that it is managed by advisor services, because there are no tax consequences of rebalancing within an annuity. I looked into VPAS about a year and a half ago and was told that they would not manage my VVA. They said that they only managed ass...
by friar1610
Wed Nov 30, 2016 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: Should I add to Wellesley instead of Total Bond?
Replies: 26
Views: 1843

Re: Should I add to Wellesley instead of Total Bond?

I hope this is not a thread hijack... Our IRAs are 2/3 Total Bond Index and 1/3 Wellesley. One idea I have toyed with (and I toy with a number of ideas but rarely make changes) is: - Sell all the Total Bond Index - Buy enough additional Wellesley to make it 50% of the IRAs - Buy Intermediate Treasur...
by friar1610
Mon Nov 28, 2016 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Why does the car dealer say leasing is cheaper than buying?
Replies: 72
Views: 6649

Re: Why does the car dealer say leasing is cheaper than buying?

Interesting. I did my first car lease this month. Traded in my 15 yr old Corolla ($1000!) for a 3-yr lease on a 2017 Camry. I do not drive much so did not want to pay $25K cash up front, or even 0% loan. In 3 years, or 6 or 9, I may not even want to drive anymore. Good point. I never really conside...
by friar1610
Mon Nov 28, 2016 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: best 529 plan for grandchildren
Replies: 11
Views: 884

Re: best 529 plan for grandchildren

If your home state offers any tax breaks, consider that plan first. If not, check out the states that use Vanguard. Then compare the costs and the details of each state's offering as there are minor differences. I'm a MA resident and there are no state income tax breaks using the MA plan (with Fide...
by friar1610
Sun Nov 27, 2016 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: Donating appreciated shares to charity
Replies: 12
Views: 954

Re: Donating appreciated shares to charity

We've held the shares in taxable acct greater than a year, anything else we need to know? We'll get the charity account info and call VG tomorrow but any advice on how the process works or time it takes is greatly appreciated. I've done this for years but discovered a new wrinkle this year. In prev...
by friar1610
Sun Nov 27, 2016 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: best 529 plan for grandchildren
Replies: 11
Views: 884

Re: best 529 plan for grandchildren

If your home state offers any tax breaks, consider that plan first. If not, check out the states that use Vanguard. Then compare the costs and the details of each state's offering as there are minor differences. I'm a MA resident and there are no state income tax breaks using the MA plan (with Fidel...
by friar1610
Sun Nov 27, 2016 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in the 80's when CD rates were 17%?
Replies: 74
Views: 6605

Re: Investing in the 80's when CD rates were 17%?

I had not yet started investing in equities in the late 70s. But I did have a couple of cash value whole life policies. I used to borrow the max against the cash values (at 3% or so, IIRC) and then buy the high interest CDs with the loan money. Also, when my mother died in the early 1990s and I was ...
by friar1610
Thu Nov 24, 2016 3:30 pm
Forum: Personal Consumer Issues
Topic: Honda Cars
Replies: 96
Views: 7951

Re: Honda Cars

...The seats give H a backache, the headrest is at an awkward position when you're in the driver's seat, no matter how you try to adjust it, and you feel all the many potholes in our roads. In 2011 I was in the market for a new car. I would have bought an Accord except for the driver's seat. It had...
by friar1610
Thu Nov 24, 2016 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on AA for the retired
Replies: 44
Views: 4231

Re: Thoughts on AA for the retired

A fourth idea: use some of your appreciated shares of equity funds in taxable to purchase a charitable annuity at a charity you want to support anyway. You can set this up as a flexible deferred charitable annuity to help support your goal of providing for your spouse after your death. Hmmm...worth...
by friar1610
Thu Nov 24, 2016 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on AA for the retired
Replies: 44
Views: 4231

Re: Thoughts on AA for the retired

My only "sticky wicket" is that as I draw down equities, I will have to do it primarily from taxable (VG Total Stock Index and Total International (78/22) thus incurring CG taxes I don't really want to owe at this point. But since virtually all my equities are in taxable, I have no choice...
by friar1610
Thu Nov 24, 2016 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on AA for the retired
Replies: 44
Views: 4231

Re: Thoughts on AA for the retired

We are in our 9th year of retirement (ages are 67 and 72). Until now, we've kept our AA at about 50:50 by dividing our IRA accounts between two VG balanced funds. So far, I've been happy with our decisions. I am now thinking that perhaps it's time to dial back our risk level and go to 40:60 or 35:6...
by friar1610
Wed Nov 23, 2016 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Shrinking CU Co-Op Network? [Credit Union]
Replies: 6
Views: 906

Re: Shrinking CU Co-Op Network?

Had a similar experience with the ATM at a credit union in CT which was formerly a member of the shared services group with NFCU. Until recently, it was fee-free but now advises (once the NFCU CUCARD is inserted) that there is a $3.00 fee for each transaction. Based upon that experience I went onli...
by friar1610
Wed Nov 23, 2016 12:30 pm
Forum: Investing - Theory, News & General
Topic: What was your Asset Allocation before and after retirement?
Replies: 91
Views: 8022

Re: What was your Asset Aloocation before and after retirement?

I went back and looked at the spreadsheets I made up from the early 1990's until about 2004. What amazed me was their complexity! At that time I had individual stocks, a raft of different mutual funds, iRAs for both my wife and me, a piece of rental real estate I inherited from my parents, a couple ...
by friar1610
Tue Nov 22, 2016 10:09 am
Forum: Investing - Theory, News & General
Topic: Motley Fool Interview
Replies: 76
Views: 21716

Re: Motley Fool Interview

I posted this yesterday but for some reason it didn't take. Great! What struck me is that although the interview wasn't that long ago, it has been a few years. But the basic principles of simplicity, low cost, etc. don't change even though investing fads come and go. Thank you for sharing the interv...
by friar1610
Mon Nov 21, 2016 6:15 pm
Forum: Investing - Theory, News & General
Topic: "Motley Fool" Interview
Replies: 10
Views: 1804

Re: "Motley Fool" Interview

Thank you. Although the interview was not that long ago, it has been a few years. And it's good to see that the fundamentals don't change with time.
by friar1610
Sun Nov 20, 2016 11:38 am
Forum: Investing - Theory, News & General
Topic: What does a bond bear market look like?
Replies: 91
Views: 7997

Re: What does a bond bear market look like?

At our age, 70's, we are heavy on bonds and the NAV has been dropping since the shaky election , with a rate increase expected in December by the Fed. The end of each year we take a lump sum RMD (100% bonds in IRA's)which amounts to another pension. Hope things calm down by then in bonds, but it ha...
by friar1610
Wed Nov 16, 2016 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Is life insurance and disability insurance a scam?
Replies: 16
Views: 1858

Re: Is life insurance and disability insurance a scam?

In my opinion and observation, there is a growing trend that fewer individuals have excellent life and disability insurance from their employers, as well as the fact that so many folks change jobs quite often (mostly not their choice)> That means, in my opinion, purchasing life insurance and disabi...
by friar1610
Wed Nov 16, 2016 3:49 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 204
Views: 25792

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

A friend and I got into a debate over a spreadsheet I put together. It showed how much better an economy car was compared to a luxury car, in terms of cost/value. He basically said, "Your spreadsheet is worthless because it doesn't take into account comfort or reveal your position in life .&qu...
by friar1610
Wed Nov 16, 2016 3:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Investor Questionnaire recommends 100% stocks!
Replies: 56
Views: 4788

Re: Vanguard Investor Questionnaire recommends 100% stocks!

No matter how conservatively I answer the questions it has never suggested anything lower than 50% equities. That's pretty interesting. Again, their "Get A Recommendation" tool gives a different answer. https://personal.vanguard.com/us/funds/tools/recommendation Enter (not my real persona...
by friar1610
Wed Nov 16, 2016 1:15 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Investor Questionnaire recommends 100% stocks!
Replies: 56
Views: 4788

Re: Vanguard Investor Questionnaire recommends 100% stocks!

I have done this questionnaire a number of times. I'm 71, have essentially "won the game" (not because I am so wealthy but because of an excellent pension) and am therefore on the conservative side (40-ish % stocks.) No matter how conservatively I answer the questions it has never suggeste...
by friar1610
Wed Nov 16, 2016 12:20 pm
Forum: Investing - Theory, News & General
Topic: "Investing Should Be Simple. A Three-Fund Portfolio is All You Need."
Replies: 4
Views: 1272

Re: "Investing Should Be Simple. A Three-Fund Portfolio is All You Need."

Thank you. In addition to the article you mentioned, there are links to several other Roth articles on the AARP web site. The ones I looked at were similarly common sense and Bogleheadish.
by friar1610
Wed Nov 16, 2016 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Allocation 3 years away from retirement
Replies: 11
Views: 1792

Re: Allocation 3 years away from retirement

I was 65ish percent stock in my investment accounts before retirement but I also had a lot in private real estate. I retired at 52 from MegaCorp. I went to 40/60 in 2000 for lots of reasons. I stayed at 40/60 as I sold out my private real estate. I went up to 50/50 in 2003 when I fired my stock adv...
by friar1610
Sun Nov 13, 2016 9:40 pm
Forum: Investing - Theory, News & General
Topic: Idea behind investing is NOT to get rich...
Replies: 51
Views: 8875

Re: Re:

When I read about most of the people on the planet, I believe I've always been rich because I was born and raised in the USA. Hope my grandkids feel the same way when they grow up. John Born outside of the U.S and now a citizen I agree 110%. In this country, you have the privilege to build your own...
by friar1610
Sat Nov 12, 2016 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation 3 years away from retirement
Replies: 11
Views: 1792

Re: Allocation 3 years away from retirement

I went to 50/50 when I retired. I also put about 50% of my bond allocation into short term bonds or 25% of my total allocation. I used short term munis in my taxable account and short term corporates in my IRA. That has worked out well for me through two big markets downturns, 2000 and 2008. I then...
by friar1610
Wed Nov 09, 2016 5:33 pm
Forum: Investing - Theory, News & General
Topic: Total Bond Index
Replies: 15
Views: 2752

Re: Total Bond Index

How many Bogleheads hold Total Bond Index in a taxable account and if so for what reason? Would it be low tax rate, better diversification than muni bonds, safety, etc. I am ignoring tax advantage accounts here. I used to hold it but changed to the ST Bond Index a few years ago. The reasons for hol...
by friar1610
Mon Nov 07, 2016 5:49 pm
Forum: Investing - Theory, News & General
Topic: Foreign Stocks: Keep the Faith - Jonathan Clements
Replies: 53
Views: 5694

Re: Foreign Stocks: Keep the Faith - Jonathan Clements

As a retiree with a nice nest egg and a conservative approach to investing I'm not overly impressed with the idea of global weighting. A 30 year old has about 60 years of investing ahead the world will surely look different and there is a strong possibility that international economies and relation...
by friar1610
Thu Nov 03, 2016 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Question for the Retired
Replies: 27
Views: 3248

Re: Personal Finance Question for the Retired

Our standard of living has pretty much remained the same retired as it had been when working. But the point about having more time to shop, do repairs, etc. is well taken. One thing I remember from my very early retired days (when my wife was still working) concerned a dryer that crapped out. My wif...
by friar1610
Sun Oct 30, 2016 7:09 pm
Forum: Investing - Theory, News & General
Topic: How much international?
Replies: 78
Views: 6280

Re: How much international?

We are both age 71 and have 25% of stocks in international stocks, all in Vanguard Total International Stock Market Index Fund. We have no international bond fund. I have been wondering this for a while: do "more mature" Bogleheads tend to hold a lower international equity allocation than...
by friar1610
Sat Oct 29, 2016 8:59 pm
Forum: Investing - Theory, News & General
Topic: How much international?
Replies: 78
Views: 6280

Re: How much international?

20% of equities for me at the moment (9% of total port.) Wouldn't let it get much below that. Wouldn't let it get above 25%. I'm retired and concerned about capital preservation; everything I do is at the conservative/moderate end off the spectrum.

Edit: No international fixed income.
by friar1610
Sat Oct 29, 2016 7:41 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Advantage accounts - one consequence
Replies: 8
Views: 1702

Vanguard Advantage accounts - one consequence

There have been a number of threads about the consequences to clients of Vanguard's recent efforts to move them from mutual fund accounts to Advantage (brokerage) accounts. I made the switch within the past 6 - 9 months. Here's a small glitch I ran into. This isn't a rant, just info for others who m...
by friar1610
Sat Oct 29, 2016 5:50 pm
Forum: Personal Consumer Issues
Topic: Looking for a simple wristwatch/pedometer
Replies: 19
Views: 1298

Re: Looking for a simple wristwatch/pedometer

I looked at that thread and found it interesting. But the conclusion that wearable technology doesn't correlate with healthier lifestyle is almost laughable. They spent a lot of money conducting a study to determine that failure to appropriately use a device is the fault of the device, not the faul...
by friar1610
Fri Oct 28, 2016 7:51 am
Forum: Investing - Theory, News & General
Topic: "The Simple Path to Wealth" -- A Gem
Replies: 27
Views: 7403

Re: "The Simple Path to Wealth" -- 5-stars

As one who posted generally positive comments after reviewing Mr. Collins' web site, I'm curious what standards I should strive to meet before posting in the future? Not sure what you mean. I was referring to book authors, not the majority of us who post to this forum. I think anyone should be able...
by friar1610
Thu Oct 27, 2016 5:39 pm
Forum: Investing - Theory, News & General
Topic: "The Simple Path to Wealth" -- A Gem
Replies: 27
Views: 7403

Re: "The Simple Path to Wealth" -- 5-stars

Hmm. Surprised at the positive reviews given what are, IMO, a number of misleading or foolhardy statements in the excerpts. On the one hand, I want to see if the author vindicates himself with context. On the other hand, it makes me doubt it would be worth the time. saltycaper: "The Simple Pat...
by friar1610
Wed Oct 26, 2016 9:39 pm
Forum: Investing - Theory, News & General
Topic: "The Simple Path to Wealth" -- A Gem
Replies: 27
Views: 7403

Re: "The Simple Path to Wealth" -- A Gem

Thanks for the gems AND the link to Mr. Collins' blog. I've been working my way through it and really like it. Very Bogleheadish yet with a different spin on some things. Good stuff; thanks again!
by friar1610
Sun Oct 23, 2016 8:09 am
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8741

Re: NY Times first in a series about 403(b)s with public K-12

Is there any on-line depository of canned letters to state insurance regulators/state legislatures that even we non-teachers could send to support this efforts? I belong to an organization of active and retired military officers that frequently provides texts of letters on issues of concern that mem...
by friar1610
Sat Oct 22, 2016 8:17 am
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8741

Re: NY Times first in a series about 403(b)s with public K-12

Although not a teacher, I used to visit a site called 403Bwise.com as I was assisting my nurse daughter with setting up her retirement investments. At that time, and I haven't visited it recently, it was a valuable source of information that educated readers on how they were getting screwed and step...
by friar1610
Fri Oct 21, 2016 11:45 am
Forum: Investing - Theory, News & General
Topic: "Years Of Expenses": Preferable To "% Of Portfolio" For Retirees' Fixed Income?
Replies: 39
Views: 2753

Re: "Years Of Expenses": Preferable To "% Of Portfolio" For Retirees' Fixed Income?

My FI allocation is probably more of an intelligent "SWAG" than some would feel comfortable with. My wife and I live quite comfortably on my inflation indexed pension. Occasionally we'll dip into SS but not often. And very rarely into the portfolio. So if things were going to continue that...
by friar1610
Tue Oct 18, 2016 8:43 am
Forum: Investing - Help with Personal Investments
Topic: New military officer. $50,000 yearly salary with no debt, no dependents, and $500 a month overhead. Thoughts?
Replies: 15
Views: 2577

Re: New military officer. $50,000 yearly salary with no debt, no dependents, and $500 a month overhead. Thoughts?

I can't echo the previous comment about avoiding First Command strongly enough!

Enjoy the FloraBama and that sugar-white sand. (Spent 2 years at Corry a LONG time ago.)
by friar1610
Mon Oct 17, 2016 10:57 am
Forum: Personal Finance (Not Investing)
Topic: retire early and move to UK?
Replies: 22
Views: 2526

Re: retire early and move to UK?

I've been to the UK a number of times going back to the mid-1970s. Regarding prices, I've always thought that even if the USD and GBP were at parity, it would still be very expensive for us Yanks. The fact that things are closer to parity is nice, but my premise still holds. On a more general note, ...
by friar1610
Wed Oct 12, 2016 10:11 am
Forum: Investing - Theory, News & General
Topic: Navy Federal Credit Union - not so different from banks
Replies: 45
Views: 3182

Re: Credit Unions - not so different from banks

Disappointed to hear this. I've been a member of NFCU for almost 50 years and have used it as my primary "bank" for at least 35. I've had several mortgages with them as well. I will say that I've seen a trend in the last 10-15 years toward them being more "corporate". This has im...
by friar1610
Sat Oct 08, 2016 8:52 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Go (Robo-Service) has launched nationwide
Replies: 25
Views: 4704

Re: Fidelity Go (Robo-Service) has launched nationwide

I had fun playing with different combinations on-line. A few things I noticed: - international equity recommendations seemed to be consistently 30% - you have a choice of choosing retirement accounts or taxable accounts for the recommendation but not a blend of the two. My holdings are 40% retiremen...
by friar1610
Fri Oct 07, 2016 8:52 am
Forum: Personal Finance (Not Investing)
Topic: USAA for customer service and insurance?
Replies: 14
Views: 931

Re: USAA for customer service and insurance?

I've been a USAA auto insurance client since 1980. No reason to go anywhere else. Rick Ferri +1 except since 1968. I had an almost new Honda stolen in 1993. It was found several days later in a parking garage in Baltimore, having been picked clean for parts (no wheels, seats, dashboard, fenders, st...
by friar1610
Thu Oct 06, 2016 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Question about Index Funds and Portfolio Analysis
Replies: 8
Views: 751

Re: Question about Index Funds and Portfolio Analysis

I just want to point out (since you said both indexes have made money) that you will take a capital gains hit if you liquidate one index in order to consolidate them. friar1610: We don't know if funds are in a taxable or tax-advantaged account--or both. If in taxable, we need to know the amount of ...
by friar1610
Thu Oct 06, 2016 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Question about Index Funds and Portfolio Analysis
Replies: 8
Views: 751

Re: Question about Index Funds and Portfolio Analysis

You will get a lot better advice than I'm capable of giving from others on this board. But I just want to point out (since you said both indexes have made money) that you will take a capital gains hit if you liquidate one index in order to consolidate them. So you should figure out how big that hit ...
by friar1610
Thu Oct 06, 2016 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: About Vanguard advisors: opinions, thoughts?
Replies: 36
Views: 3153

Re: About Vanguard advisors: opinions, thoughts?

....we ultimately decided on the lowest percentage of international and guess will know in the future whether this was the correct decision for us. If this was subsequently mentioned in this thread, I missed it. Would you mind sharing what that lowest percentage of international is? I'd be interest...
by friar1610
Tue Oct 04, 2016 9:44 am
Forum: Investing - Theory, News & General
Topic: Morgan Stanley unit accused of pressuring clients to take loans backed by their investment accounts
Replies: 8
Views: 866

Re: Morgan Stanley unit accused of pressuring clients to take loans backed by their investment accounts

Doctors, lawyers, realtors, insurance agents, plumbers, mechanics, car salesman, etc. are all acting in their own interests. What makes financial advisors so insidious? If a broker encourages me to take a margin loan, I can refuse. When was the last time your lawyer pressured you to litigate? I'm r...
by friar1610
Mon Oct 03, 2016 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: exchange vs sell?
Replies: 13
Views: 1148

Re: exchange vs sell?

It's no different than with stock funds. If you sell shares at a higher price than what you paid for them, you incur a capital gain (either short-term or long-term as appropriate.) Or a loss if you sell at a lower price. Then you buy the new fund with the proceeds and establish a new basis for the ...
by friar1610
Mon Oct 03, 2016 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: exchange vs sell?
Replies: 13
Views: 1148

Re: exchange vs sell?

It's no different than with stock funds. If you sell shares at a higher price than what you paid for them, you incur a capital gain (either short-term or long-term as appropriate.) Or a loss if you sell at a lower price. Then you buy the new fund with the proceeds and establish a new basis for the n...
by friar1610
Fri Sep 30, 2016 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Target funds [are they bad to use for retirement?]
Replies: 9
Views: 1002

Re: Target funds [are they bad to use for retirement?]

Although you are saving "for retirement" that could be in either a tax-advantaged account like a 401k, 403b, etc. or in a taxable account. I would just emphasize that if you use Life Strategy Funds in a taxable account, you will not be able to go more conservative over time without potenti...

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