Search found 1129 matches

by friar1610
Wed Apr 25, 2018 11:24 am
Forum: Investing - Help with Personal Investments
Topic: 40/60 Balanced Index ?
Replies: 10
Views: 1009

Re: 40/60 Balanced Index ?

If you/she could tolerate one simple rebalance a year, here are 2 options: 1. 50% VG Balanced Index (60-40) and 50% Life Strategy Income (20-80). This also has the advantage (if you consider it such) of diluting the international allocation you would have with LS Conservative (40-60) but leads to t...
by friar1610
Wed Apr 25, 2018 10:36 am
Forum: Personal Finance (Not Investing)
Topic: How to be a good executor to family
Replies: 35
Views: 2137

Re: How to be a good executor to family

I was an executor twice - once for my mother and once for my aunt. The first was easy as I was also the sole heir. The second was time-consuming but not awful; there were about 8 heirs one of whom was me and two of whom were my children. These comments pertain to the second case: - it's useful to re...
by friar1610
Sat Apr 21, 2018 3:24 pm
Forum: Personal Consumer Issues
Topic: Do you buy new or used cars?
Replies: 109
Views: 6320

Re: Do you buy new or used cars?

I've bought both new and used over the years. But when used they've been realatively recent model years (1-3 years old) with low mileage (<20k miles). Like you, I set a $40K limit on the purchase of my most recent one about 6 weeks ago. I was paying cash, could have afforded more but saw no reason t...
by friar1610
Thu Apr 19, 2018 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: “The Smell of Retiree Mon$y...”
Replies: 57
Views: 8044

Re: “The Smell of Retiree Mon$y...”

We have arranged to leave enough money to fund a scholarship to a school after we die. To set up the scholarship we needed to let the school in on the plan because we wanted to make sure they would accept the provisions attached to the scolarship. Although we still receive mailings for their normal ...
by friar1610
Wed Apr 18, 2018 3:50 pm
Forum: Personal Consumer Issues
Topic: How do you know what price to negotiate when buying a used car?
Replies: 28
Views: 1576

Re: How do you know what price to negotiate when buying a used car?

Limiting yourself to "certified" cars is a trap that limits your options and takes away most of your negotiating power. Now, if you have the money and want that specifically, go ahead. But it's unlikely that you'll get what I would consider to be an equitable deal. I recently shopped for a 2-3 y.o....
by friar1610
Wed Apr 18, 2018 3:38 pm
Forum: Personal Consumer Issues
Topic: Perks of Owning Certain Individual Stocks
Replies: 28
Views: 3131

Re: Perks of Owning Certain Individual Stocks

Back when I worked I used to get a discount on my suits from Jos. A. Bank because I owned their stock. I have long since become an index fund BH and JOSB was acquired by Men's Wearhouse so I don't know if that still works.
by friar1610
Tue Apr 17, 2018 7:45 pm
Forum: Personal Consumer Issues
Topic: How to buy a gravestone online?
Replies: 8
Views: 607

Re: How to buy a gravestone online?

Something you may already know, but I'll mention it anyway. In addition to the cost of the stone, expect an installation charge. I learned about this when I was the Service Officer for an American Legion post. Vets are entitled to free gravestones from the VA but the government does not pay the inst...
by friar1610
Tue Apr 17, 2018 7:29 pm
Forum: Personal Consumer Issues
Topic: car at 80
Replies: 59
Views: 4205

Re: car at 80

72 yo here. I just replaced a 2005 Volvo XC70 (wagon) with a gently used 2015 version of the same thing. I can't say enough for the safety and convenience improvements over those 10 years! Knowing that I'm not getting any younger I definitely wanted things like the backup camera, blind spot detectio...
by friar1610
Sun Apr 15, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Could you support family on 1 income?
Replies: 88
Views: 5686

Re: Could you support family on 1 income?

My wife and I were a single income family until our 2 kids were in high school. This was partly due to our own values and partly due to the fact that it was often difficult or impossible for military spouses to find meaningful employment during the 70s and 80s. When she did begin to work outside the...
by friar1610
Wed Apr 11, 2018 8:27 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 11425

Re: What is your AA, given your age? and, Why?

Sounds like a good plan. I kept a 60/40 AA until the RMD’s started just because our solid pensions are more than enough for us. Now we are 45/55 and the T-IRA’s are 100% bonds as suggested by a Vanguard CFP. Other bonds in the taxable folio are tax exempts, Plus index stock funds as well. May event...
by friar1610
Wed Apr 11, 2018 5:14 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 11425

Re: What is your AA, given your age? and, Why?

Age 35. 100% stocks. I agree with Warren Buffett that stocks are not just the best way to make money but also the best way to preserve your buying power. The drawbacks of stocks are more obvious and dramatic than those of bonds/cash but I don't see them as worse. The dollar lost 15% in the last 12 ...
by friar1610
Tue Apr 10, 2018 11:33 am
Forum: Investing - Theory, News & General
Topic: Retirees: Who's increasing their equities as they age?
Replies: 74
Views: 5207

Re: Retirees: Who's increasing their equities as they age?

my point is that long periods of a rising stock market due tend to make one "think about increasing my equity side a little." I eventually decided not to. I was glad I didn't. Although I thought I'd been planning for the possibility of a 50% decline all along, when it actually happened the pain was...
by friar1610
Sat Apr 07, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 11425

Re: What is your AA, given your age? and, Why?

Ages: 72/71
AA: about 42 (of which 25% Int) equity/55 fixed income (to include bond funds, I-bonds, CDs)/3 cash. Could see going to 45-48% equities but no more.
Why: Feels right in combination with good pension and 2 SS. Not too conservative; not too aggressive.
by friar1610
Sat Apr 07, 2018 8:18 am
Forum: Investing - Theory, News & General
Topic: WSJ article on Vanguard snafoos - Should Bogleheads.org get involved?
Replies: 23
Views: 3086

Re: WSJ article on Vanguard snafoos - Should Boglehead.org get involved?

JoMoney wrote:
Sat Apr 07, 2018 8:05 am

Also, I think "snafoo" is spelled SNAFU.
As an aside, yes you are correct. It's an old military acronym, from WW2 I believe, meaning "situation normal - all screwed up " (or words to that effect.) 😀
by friar1610
Fri Apr 06, 2018 1:40 pm
Forum: Personal Consumer Issues
Topic: Waterbury, Stowe, Burlington, VT
Replies: 12
Views: 668

Re: Waterbury, Stowe, Burlington, VT

If you or your kids enjoy parades, the Memorial Day parade in Vergennes is the largest in the state. It's a real celebration of small-town America and down-home patriotism. Count on seeing the governor and Sen. Bernie walking in it. A ceremony at the City Park (town green) follows the parade as well...
by friar1610
Fri Apr 06, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: Car Subscriptions
Replies: 22
Views: 2310

Re: Car Subscriptions

I just bought a late model used Volvo. In trying to find the right one I spent a fair amount of time at several Volvo dealers in MA over a 1-2 month period. Two data points from those visits: - many, if not most, of the 2-3 year old models are cars coming off lease - Volvo has a brand new model, the...
by friar1610
Thu Apr 05, 2018 3:16 pm
Forum: Investing - Theory, News & General
Topic: JAMA article's health implications for asset allocation
Replies: 43
Views: 3418

Re: JAMA article's health implications for asset allocation

I have been allowing the percentage of equities to drift upwards by withdrawing only from fixed income (except for charitable donations which take the form of appreciated equities from my taxable account). Currently around 25% in equities. May eventually get to 40% but not in any hurry and don't pl...
by friar1610
Wed Apr 04, 2018 10:25 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Speeches - Support the Forum?
Replies: 6
Views: 1080

Re: Jack Bogle Speeches - Support the Forum?

The best parts of many of his speeches can be found in his books, and actually I think there may already be a book that's composed of a bunch of his speeches.. I'm going to search Amazon and I'll come back and update if I find the one I'm thinking of. ... I believe " John Bogle on Investing: The Fi...
by friar1610
Tue Apr 03, 2018 9:01 am
Forum: Investing - Theory, News & General
Topic: Primerica - a formative experience on the way to being a Boglehead
Replies: 8
Views: 1554

Re: Primerica - a formative experience on the way to being a Boglehead

Great story! I was once in an audience where a "financial planner" - it may have been Primerica but I don't specifically recall - asked if anyone knew what the Rule of 72 was. I raised my hand and explained what it was. He was blown away that a mere mortal and a financial unsophisticate would know a...
by friar1610
Sun Apr 01, 2018 8:58 pm
Forum: Personal Consumer Issues
Topic: Hand and bath towels- keep them or toss
Replies: 14
Views: 1931

Re: Hand and bath towels- keep them or toss

Or if you work out at a fitness center use some of them for gym towels. The rag bin and my gym bag get all of our old towels.
by friar1610
Sat Mar 31, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Grass is always greener, federal edition
Replies: 59
Views: 6472

Re: Grass is always greener, federal edition

Why don't you just take the federal contracting route? Here's why: 1.) You get to stay with your employer, same job duties, same boss, same people, etc. 2.) You get same govie-like schedules, 40hr work week (often illegal to work more than your govie counterparts), same holidays, etc 3.) Agencies l...
by friar1610
Sat Mar 31, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Federal survivor benefit decision help needed
Replies: 19
Views: 1402

Re: Federal survivor benefit decision help needed

Slightly different situation for me as I am a military retiree but more parallels than not. We could select a base amount of our retired pay and then pay 6% of that base amount. Survivor would then get 55% of the base amount upon death of the retiree. Both the premium we paid and the benefits to the...
by friar1610
Wed Mar 28, 2018 10:15 pm
Forum: Local Chapters and Bogleheads Community
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 17344

Re: A lot of heavy hitters this morning

I'm an old retired guy who long ago stopped worrying about how much income I have relative to others. But I will say that I'm often amazed by some of the incomes relatively young people (say, in their 30s and 40s) are earning these days if BH posts are to be believed (and I gave no reason to disbeli...
by friar1610
Tue Mar 27, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition
Replies: 121
Views: 6629

Re: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition

As I've read through this thread the thought occurs to me... If you read in the paper that___________________ (fill in the name of a politician that you particularly dislike) had used this technique to pay for his/her kid's private school tuition, what would your reaction be?
by friar1610
Mon Mar 26, 2018 4:12 pm
Forum: Personal Consumer Issues
Topic: New car?
Replies: 46
Views: 3247

Re: New car?

I just bought a used car to replace a 2005 that I bought in 2006 as a CPO with 20K miles on it. It now has 150K miles on it. It still runs well but is definitely showing signs of age. I wrestled with whether to try to get another year, another few years, whatever out of it. I finally decided that wi...
by friar1610
Fri Mar 23, 2018 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: USAA- limited options for investments w/ high ER's, but I still feel loyal. Help!
Replies: 43
Views: 2173

Re: USAA- limited options for investments w/ high ER's, but I still feel loyal. Help!

>50 year USAA member here. I use them for insurance only. Well, actually I have a cc with the bank and once got a HELOC from them. I can understand the feeling of loyalty toward them. BUT, I invest with VG. USAA has its strengths (primarily insurance) while VG has theirs. So stick with the strength...
by friar1610
Fri Mar 23, 2018 9:00 am
Forum: Investing - Help with Personal Investments
Topic: USAA- limited options for investments w/ high ER's, but I still feel loyal. Help!
Replies: 43
Views: 2173

Re: USAA- limited options for investments w/ high ER's, but I still feel loyal. Help!

>50 year USAA member here. I use them for insurance only. Well, actually I have a cc with the bank and once got a HELOC from them. I can understand the feeling of loyalty toward them. BUT, I invest with VG. USAA has its strengths (primarily insurance) while VG has theirs. So stick with the strengths...
by friar1610
Thu Mar 22, 2018 5:18 pm
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 13558

Re: Working till retirement is not a great plan

OP, 1) I am fighting a losing battle trying to wake people up that they are overly optimistic that they will be fully-employed until retirement age. 2) In most cases, younger professional at the 30s chooses to be "House Poor" and overpay for their houses. When they hit the 40s and faces their first...
by friar1610
Wed Mar 21, 2018 5:00 pm
Forum: Personal Consumer Issues
Topic: Direct TV vs. Cable
Replies: 20
Views: 1255

Re: Direct TV vs. Cable

Been a DirecTV customer for about 6 years. I live in NH where it snows a lot, and I think the comments about it going out are very overstated. I bet in those 6 years I've been without reception for a total of 2 hours or so It depends quite a bit on how and where it's installed I had it when I previ...
by friar1610
Tue Mar 20, 2018 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Trust vs Will Gotchas
Replies: 20
Views: 2171

Re: Trust vs Will Gotchas

What happens when a healthy parent passes with assets and the spouse is in a nursing home being spent down? What other questions do I need to ask? The assets become the surviving spouses and will be used to pay for the nursing home until it's (almost) gone and then Medicare pays. We just drew this ...
by friar1610
Tue Mar 20, 2018 5:57 pm
Forum: Personal Consumer Issues
Topic: New Subaru Outback vs. used Volvo XC-70
Replies: 53
Views: 5257

Re: New Subaru Outback vs. used Volvo XC-70

OP here. I posted my original question at the end of January. Since then I've looked at and driven a lot of cars - Subarus, a number of different Volvo models, Honda CR-Vs. And finally closed the deal earlier today... I bought a used (2015) Volvo XC-70, the same make and model I have now, only 10 ye...
by friar1610
Mon Mar 19, 2018 4:10 pm
Forum: Personal Consumer Issues
Topic: Modest stereo system
Replies: 57
Views: 3548

Re: Modest stereo system

Silk McCue wrote:
Thu Mar 15, 2018 9:11 pm
Definitely rip all your CD’s to digital. All that I own are in Itunes.
Yeah, any that I really like have been downloaded to my computer and put in iTunes.
by friar1610
Mon Mar 19, 2018 4:09 pm
Forum: Personal Consumer Issues
Topic: Modest stereo system
Replies: 57
Views: 3548

Re: Modest stereo system

What technology do you currently use, especially audio-visual? I have a hi-def TV, a DVD player, FIOS. No special audio enhancements to the TV speakers. My system that I never hooked up is a tuner, a CD player (that probably doesn't work any more), speakers. As you can see, I am not a sophisticate ...
by friar1610
Mon Mar 19, 2018 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Need new retirement plans ASAP [to be able to contribute for 2017 before deadline]
Replies: 28
Views: 1726

Re: Need new retirement plans ASAP [to be able to contribute for 2017 before deadline]

It's not clear to me what kind of "retirement account" you are trying to start and fund. Judging from your desire to have it count for 2017 and your sense of immediacy, I'm assuming it's a Traditional IRA because you are apparently worried about the April 17 deadline. Just want to point out that you...
by friar1610
Fri Mar 16, 2018 5:19 pm
Forum: Personal Consumer Issues
Topic: Modest stereo system
Replies: 57
Views: 3548

Re: Modest stereo system

Wow! Thanks so much for all the information/suggestions/recommendations. It's gonna take me a bit of time to digest them all. But the input is greatly appreciated.
by friar1610
Thu Mar 15, 2018 8:55 pm
Forum: Personal Consumer Issues
Topic: Modest stereo system
Replies: 57
Views: 3548

Modest stereo system

For many years we had a component stereo system and had background music on much of the time. Foe some reason (probably because some of the components were aging) we didn't set it up when we last moved. We've gotten out of the habit of having music in the house and it recently occurred to me that we...
by friar1610
Thu Mar 15, 2018 10:23 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 200
Views: 23050

Re: My 2017 CRV is a victim of the dreaded oil gas dilution issue

Here's an interesting clip about the oil dilution issue: https://www.youtube.com/watch?v=nMX94zarLs4 Interesting, thanks. Click the "Show More" link under the video to see the complete transcript. In previous threads, I've stated that driving short distances constitutes "severe" engine use and you ...
by friar1610
Wed Mar 14, 2018 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: simplifying my financial life -- should i get rid of treasury direct?
Replies: 46
Views: 4074

Re: simplifying my financial life -- should i get rid of treasury direct?

In a perfect world I would prefer not to have a TD account. But I have a bunch of I-Bonds from the good old days of 3.4% fixed and I converted them to electronic format years ago. Since there's no other viable way to hold them and I'm not going to redeem them as long as they remain such a good deal,...
by friar1610
Tue Mar 13, 2018 4:01 pm
Forum: Personal Consumer Issues
Topic: Need help on car decision: Honda CRV vs luxury car used
Replies: 62
Views: 4281

Re: Need help on car decision: Honda CRV vs luxury car used

The OP's dilemma is akin to mine. A 2015/2016 Volvo XC70 wagon or a new Outback or CR-V? Currently have an '05 XC70 and it's just about right for our needs (kayaks, winter weather, dog). 2016 was the last production year for XC70s so used is the only way to get another one. The de-facto replacement,...
by friar1610
Sat Mar 10, 2018 5:50 pm
Forum: Personal Consumer Issues
Topic: Consumer Reports Auto Issue Out now
Replies: 48
Views: 4762

Re: Consumer Reports Auto Issue Out now

Anecdotally, this most recent issue lists the 2011 Buick Regal as a used car to avoid. I bought one new in 2011, have done nothing but routine maintenance and have had great reliability with it for 80K miles. Of course, now that I've said so publicly, I suppose I'm in for big problems. :oops: Well,...
by friar1610
Sat Mar 10, 2018 3:10 pm
Forum: Personal Consumer Issues
Topic: Consumer Reports Auto Issue Out now
Replies: 48
Views: 4762

Re: Consumer Reports Auto Issue Out now

I find most cars to be more reliable than CR. Every time I read a review in CR about something for which I have a lot of knowledge, I'm appalled by how badly CR reviews things. I've found their information to be subpar at best. Anecdotally, this most recent issue lists the 2011 Buick Regal as a use...
by friar1610
Sat Mar 10, 2018 10:56 am
Forum: Personal Consumer Issues
Topic: Consumer Reports Auto Issue Out now
Replies: 48
Views: 4762

Re: Consumer Reports Auto Issue Out now

I immediately looked up Camry, Corolla, Accord, and Civic as they are four of the most popular cars on the market. I was surprised to see that Consumers Report prefers the two Toyota products to Honda whereas US News and World Report prefers Honda to Toyota. And in both publications the gap was qui...
by friar1610
Thu Mar 08, 2018 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: VWINX in a lazy portfolio? [Vanguard Wellesley Income]
Replies: 9
Views: 1390

Re: VWINX in a lazy portfolio? [Vanguard Wellesley Income]

To get the bond exposure that Wellesley offers you are also overlapping between the Wellesley stock component and Total Stock Market Index. Better, in my opinion, to hold a discrete bond fund in the allocation percentage you want and increase TSM accordingly.
by friar1610
Tue Mar 06, 2018 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Relocating and buying a house for retirement
Replies: 10
Views: 1125

Re: Relocating and buying a house for retirement

On my most recent move I took out an interest only HELOC from USAA Savings Bank against House A. Took the max I could get and this involved an appeal to get to a higher number. When the time came for closing I accessed the maximum amount I could from the HELOC. I also tapped a few other sources (enu...
by friar1610
Tue Mar 06, 2018 4:51 pm
Forum: Investing - Theory, News & General
Topic: New tax law and QCD's - article
Replies: 18
Views: 1657

Re: New tax law and QCD's - article

I am > 70.5. I've used QCDs twice (from VG) and it worked flawlessly. I had the checks sent to me, I photocopied them and sent the checks on to the charities. Got the required letters back from the charities. I plan to use QCDs going forward for all my "major" donations. I did make one last major do...
by friar1610
Fri Mar 02, 2018 12:05 pm
Forum: Investing - Theory, News & General
Topic: Vanguard CFP rcommendations of non-index funds?
Replies: 10
Views: 1537

Re: Vanguard CFP rcommendations of non-index funds?

I asked for a portfolio review a year or so again. I had our IRAs split between Total Bond Index and Wellesley. He didn't recommend getting rid of Wellesley but he commented that the bonds in it were of lower quality than what was in Total Bond Index. He sorta sounded like a parent saying to a kid,...
by friar1610
Thu Mar 01, 2018 6:53 pm
Forum: Investing - Theory, News & General
Topic: Vanguard CFP rcommendations of non-index funds?
Replies: 10
Views: 1537

Re: Vanguard CFP rcommendations of non-index funds?

I asked for a portfolio review a year or so again. I had our IRAs split between Total Bond Index and Wellesley. He didn't recommend getting rid of Wellesley but he commented that the bonds in it were of lower quality than what was in Total Bond Index. He sorta sounded like a parent saying to a kid, ...
by friar1610
Thu Mar 01, 2018 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Financial stability of federal pensions
Replies: 16
Views: 1723

Financial stability of federal pensions

There was a recent thread in which the OP sought advice on his AA given that a public sector pension covered all of his routine expenses. Several posters raised the issue of some municipal and state systems not be adequately funded, leading to a need to consider that fact in determining AA as pensio...
by friar1610
Thu Mar 01, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: House vs Condo vs Townhouse
Replies: 36
Views: 2689

Re: HOUSE vs CONDO vs TOWNHOUSE

Be aware of the financial stability of the condo complex and special assessments that may be made for repairs. Look for a condo whose trust maintains an adequate reserve fund and includes a sufficient contribution to it as part of your monthly fee. This can avoid or minimize special assessments.
by friar1610
Wed Feb 28, 2018 6:19 pm
Forum: Personal Consumer Issues
Topic: 2016 Sienna - 57k miles - any downside to buying?
Replies: 29
Views: 2890

Re: 2016 Sienna - 57k miles - any downside to buying?

Hulu wrote:
Tue Feb 27, 2018 9:41 pm
I'd compare the deal on CarGurus and have a trusted mechanic do an inspection if the negotiated price works. Good brand. Safe. Good luck!
Does anyone know to what degree you should believe Car Guru's "great deal" "good deal", "fair deal", etc. designations?