Search found 767 matches

by friar1610
Wed Jan 18, 2017 1:03 pm
Forum: Personal Consumer Issues
Topic: Volunteering Ideas
Replies: 63
Views: 4101

Re: Volunteering Ideas

The Ignatian Volunteer Corps (http://www.ivcusa.org) is a volunteer organization focused on volunteer commitments to the economically disadvantaged. It will not be everyone's cup of tea as there is a religious/spiritual aspect to the program, that aspect being Jesuit/Catholic. The volunteer assignme...
by friar1610
Wed Jan 18, 2017 12:47 pm
Forum: Personal Consumer Issues
Topic: Volunteering Ideas
Replies: 63
Views: 4101

Re: Volunteering Ideas

Become a literacy tutor. If you want to find out more, contact the ProLiteracy Education Network for an organization close to you. I have done this in several locations with several different organizations and have found it very satisfying. I've also tutored math, although at very basic levels. I'l...
by friar1610
Mon Jan 16, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Is the housing market like stocks? When do you think prices fall again?
Replies: 38
Views: 2829

Re: Is the housing market like stocks? When do you think prices fall again?

I've owned a number of houses over the years, primarily due to my Navy career which caused me to move frequently. The overall trend on prices is generally up but is time, interest rate and location dependent. I always thought "you can't lose with residential real estate" and then learned y...
by friar1610
Sun Jan 15, 2017 1:13 pm
Forum: Investing - Theory, News & General
Topic: Retired, expenses covered but still growing portfolio, why?
Replies: 46
Views: 4299

Re: Retired, expenses covered but still growing portfolio, why?

I fit the initial description pretty closely. My wife and I have no particular desire to drastically increase our standard of living, although we do one or two nice trips almost every year. Our house is more than adequate and is paid for. We don't need more "stuff" to fill it and normally ...
by friar1610
Sat Jan 14, 2017 10:57 am
Forum: Personal Consumer Issues
Topic: 24 hour stop over at LHR, what all can I visit in London?
Replies: 31
Views: 1712

Re: 24 hour stop over at LHR, what all can I visit in London?

Have you ever been to London before? If you haven't and you only have a day, I'd take one of those organized bus tours. Tacky, I know, but it really is a good way to "skim" the sights. Then on your second visit, you'll won't feel any pressure to see a famous sight that you're not deeply i...
by friar1610
Fri Jan 13, 2017 9:45 pm
Forum: Personal Consumer Issues
Topic: what local pharmacy?
Replies: 55
Views: 2443

Re: what local pharmacy?

While we order most of our maintenance meds through Express Scripts as mandated by our coverage (lower copay/90 day supply), the plan also allows for use of local pharms for immediate needs or any reason at a higher copay (30 day supply). We're fortunate to have an excellent local independent pharm...
by friar1610
Wed Jan 11, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 135
Views: 13981

Re: Best Financial Moves You've Made

At one particular point in our lives, deciding to stick it out in our starter home rather than moving up to what we "really deserved". Those 5 years of being able to save (rather than sending the $ to bank in the form of higher mortgage payments) made a tremendous difference in paying for ...
by friar1610
Mon Jan 09, 2017 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Is there a big difference between VTINX and VWIAX
Replies: 2
Views: 320

Re: Is there a big difference between VTINX and VWIAX

We combine Wellesley with Total Bond Index in our relatively small Rollover IRAs. If I were trying to use only one fund in those accounts, I would prefer VTINX (or its marginally more conservative cousin, VASIX (Life Strategy Income)) to Wellesley. Reason is that either of those would be less concen...
by friar1610
Fri Jan 06, 2017 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Should I max my Roth TSP or invest?
Replies: 40
Views: 3601

Re: Should I max my Roth TSP or invest?

You have gotten a lot of good advice and you are doing very well. Let me just add one piece of advice...If a "financial planning" company called First Command ever offers seminars, steak dinners or even free ballpoint pens anywhere on or near your base, run (don't walk) in the opposite dir...
by friar1610
Thu Jan 05, 2017 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity FullView
Replies: 15
Views: 1243

Re: Fidelity FullView

I used to use VGs aggregator and it was nice to get my non-VG accounts updated daily. Then they changed the aggregation program and it was a PITA trying to convert. So now I just manually update the non-VG accounts quarterly. Most of those are CDs, cash accounts and I-Bonds anyway, so it's not like ...
by friar1610
Tue Jan 03, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: I-bonds
Replies: 28
Views: 3294

Re: I-bonds

Is the fixed rate so low because more people are purchasing i-bonds than in the past and so there is no need to attract new customers? Or is it more a reflection of the spread between other bonds and inflation? The savings bond purchases have been dropping so fast because of the unattractive pricin...
by friar1610
Sun Jan 01, 2017 5:31 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 18450

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

...But I ALSO argue that it's not a good idea to have lot of equities near or in retirement. Sequence of returns risk is real. You don't want to retire, and see the market drop 50% that year while you are pulling money out. https://3a05ty2ohkvc1zboze4eczal-wpengine.netdna-ssl.com/wp-content/uploads...
by friar1610
Thu Dec 29, 2016 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Military Retirement; Time value of drawing a pension at 20 years
Replies: 23
Views: 2115

Re: Military Retirement; Time value of drawing a pension at 20 years

I did create a simple spreadsheet to determine the absolute difference based on today's (after tax) annual sum (assumption = O5 pay/retirement @ 20 years). What is the possibility/probability that you will make O-6 if you remain in the military ? In my own case, staying in for the extra years + com...
by friar1610
Thu Dec 29, 2016 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: Asset placement/allocation
Replies: 3
Views: 322

Re: Asset placement/allocation

Livesoft, I may not entirely be grasping the points you're making: I'd like to point a couple of things: 1. Tax-advantaged means both tax-deferred with RMDs and taxes on withdrawal AND tax-free Roths with no RMDs and no taxes on withdrawal. I understand this but we have no Roths. As the (fortunate) ...
by friar1610
Wed Dec 28, 2016 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: Asset placement/allocation
Replies: 3
Views: 322

Asset placement/allocation

I'm interested in how other Bogleheads handle the placement of equities vs. fixed income once they start taking RMDs. By way of background, three things I understand and believe: 1. That appropriate asset allocation is more important than choice of specific investments in determining overall success...
by friar1610
Sat Dec 24, 2016 10:15 pm
Forum: Investing - Theory, News & General
Topic: Fortune Article - Vanguard Flexes Its Muscle
Replies: 43
Views: 5352

Re: Fortune Article - Vanguard Flexes Its Muscle

I think the question "why is Vanguard pushing international bonds so hard?" has now been answered. That was precisely the reaction I had. And I also wonder if it also explains the high (40%) allocation to international in their Target Retirement and Life Cycle Funds. (Although 40% interna...
by friar1610
Fri Dec 23, 2016 9:25 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2270
Views: 562044

Re: What Movie Have You Recently Watched?

"Manchester by the Sea" with Casey Afflick. Very good movie. Excellent acting by Affleck. Sort of a local setting for me - it's set on the North Shore; I live on the South Shore.
by friar1610
Thu Dec 22, 2016 8:04 pm
Forum: Personal Consumer Issues
Topic: How to become a public speaker?
Replies: 30
Views: 2546

Re: How to become a public speaker?

I know nothing about monetizing public speaking, so take everything I say with a large grain of salt. Since retiring (from the military, I might add) I've done several things as a volunteer that have involved public speaking. For example, I became a presenter for an AARP/FINRA program on "Outsm...
by friar1610
Thu Dec 22, 2016 7:52 pm
Forum: Personal Consumer Issues
Topic: Cappuccino/Espresso machine recommendations?
Replies: 39
Views: 2511

Re: Cappuccino/Espresso machine recommendations?

We have a Jura Impressa C60 which we like a lot. It has a built-in frother and grinder. It can use beans or ground coffee and can make American coffee, espresso and cappuccino/lattes, all very well. The froth it produces is not as good as a Nespresso, however. I enjoy good coffee but am not a coffee...
by friar1610
Tue Dec 20, 2016 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Is this the equivalent of a Stable Value fund?
Replies: 2
Views: 473

Re: Is this the equivalent of a Stable Value fund?

Seems like a fixed deferred annuity, but you should read the fine print about that portfolio adjustment and MVA. Another alternative is a plain old fixed deferred annuity through Vanguard. Those rates look similar to CD rates. Thank you. I called VG some months back to inquire about their fixed ann...
by friar1610
Tue Dec 20, 2016 10:36 am
Forum: Investing - Help with Personal Investments
Topic: My "sleep well at night" number seems to be changing
Replies: 49
Views: 7986

Re: My "sleep well at night" number seems to be changindra

As we get older and closer to retirement, some people's risk tolerance and need to take risk changes.... Your post suggests that you are already in good shape with your retirement assets. That begs the question "If you have already won the game, why do you keep playing?". That is not to s...
by friar1610
Mon Dec 19, 2016 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Is this the equivalent of a Stable Value fund?
Replies: 2
Views: 473

Is this the equivalent of a Stable Value fund?

I have a VG Variable Annuity that I've had for years. (Long story about how I got there but irrelevant to this post.) As I get older and more conservative, I've begun looking at how to get it out from under market risk without annuitizing it yet. We don't need the income and I'm holding it in reserv...
by friar1610
Thu Dec 15, 2016 10:37 pm
Forum: Investing - Help with Personal Investments
Topic: Less than 60 day "loan" from my Roth IRA
Replies: 4
Views: 447

Re: Less than 60 day "loan" from my Roth IRA

I've done this twice when I was buying new houses. I don't know that it was absolutely necessary, but when I returned the money to my IRA I did it by registered mail vs an electronic transfer. In the memo part of my check I wrote "IRA Rollover." I also accompanied the deposit slip with a l...
by friar1610
Thu Dec 15, 2016 8:16 am
Forum: Personal Consumer Issues
Topic: Subaru Outbacks - any owners here?
Replies: 36
Views: 3172

Re: Subaru Outbacks - any owners here?

Thanks very much to those who responded. Really sounds like a mixed bag with such extremes of experience. Maybe I'll just try to coax a few more years out of the Volvo. Spent $1K on a repair late summer with the commitment to myself that this would mean keeping it for another year - maybe I should k...
by friar1610
Wed Dec 14, 2016 4:07 pm
Forum: Personal Consumer Issues
Topic: Subaru Outbacks - any owners here?
Replies: 36
Views: 3172

Subaru Outbacks - any owners here?

I currently drive a 2005 Volvo XC-70 wagon. I'm starting to think about replacing it, perhaps after getting it through one more MA winter. Although I've had 3 Volvos over the years, they've priced themselves out of my market and I'm looking at alternatives that would also have AWD, be good for hauli...
by friar1610
Tue Dec 13, 2016 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Bad Time for a Retiree To Invest Heavy in Bonds?
Replies: 24
Views: 4297

Re: Bad Time for a Retiree To Invest Heavy in Bonds?

FWIW, my wife will be in a pretty similar situation should I predecease her. We don't really need to access our portfolio very often for living expenses so it's structured so she will be able to make up sufficient lost income when I am pushing up daisies. (She will have the SBP from my military reti...
by friar1610
Sat Dec 10, 2016 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: That second bank
Replies: 14
Views: 1779

Re: That second bank

We've used Navy Federal (NFCU) as our primary "bank" for 40 years or so (mortgages, savings, CDs, checking, credit cards, etc.) Every time we moved during my Navy career we found a local bank with a decent ATM network. We opened a savings account there and got an ATM card. Years ago the sa...
by friar1610
Sat Dec 10, 2016 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund/Cash
Replies: 20
Views: 2097

Re: Emergency fund/Cash

...But one reason to keep *some* real cash on hand is in case of a huge storm that wipes out, say, electricity for a while, over a broad area. Hurricane, massive blizzard... But you probably wouldn't need that much. This would be separate from (or could be considered part of) an actual Emergency Fu...
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: 5714

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: 530

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: 2004

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: 7406

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: 1079

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: 14
Views: 1353

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: 1079

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: 7543

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: 8983

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: 5180

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: 5180

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: 5180

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: 1083

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: 9458

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: 21838

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: 1875

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: 8504

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: 1938

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: 262
Views: 40101

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: 4964

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: 4964

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...

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