Search found 355 matches

by gerntz
Thu Jul 07, 2016 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: Why is everyone everywhere saying to buy gold?
Replies: 61
Views: 4782

Re: Why is everyone everywhere saying to buy gold?

Gold is a currency, with a relatively predictable and slow-growing 'supply'. Whether it is over-valued or under-valued, I believe bullion is a safer haven than either 'dollars' or 'sterling' or 'euros', and have chosen to hold my portfolio cash position in bullion. I still own equities, REITs and b...
by gerntz
Tue Jul 05, 2016 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Use Pull Account vs Push Account to transfer funds: a good idea?
Replies: 22
Views: 1047

Re: Use Pull Account vs Push Account to transfer funds: a good idea?

OP, In general, it is better to "pull" for this kind of event. The destination has greater incentive to make sure that the process flows smoothly and they get the money quick. The source GAIN by slowing down the process and keeping the money longer. KlangFool Agree. I'm doing this now fro...
by gerntz
Mon Jul 04, 2016 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Why is everyone everywhere saying to buy gold?
Replies: 61
Views: 4782

Re: Why is everyone everywhere saying to buy gold?

So just as the only ones who made any money in the Gold Rush were the ones selling the shovels, the ones making money today are the ones peddling the wares.[/quote] Well, not just the peddlers. During the Klondike Gold Rush, my riverboat-building great grandfather made money building flat boats/ste...
by gerntz
Mon Jul 04, 2016 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Why is everyone everywhere saying to buy gold?
Replies: 61
Views: 4782

Re: Why is everyone everywhere saying to buy gold?

mwm158 wrote:Gold is not an investment. It does not generate wealth. An ounce does not turn into two ounces in 30 years.
All true. But people hold paper currencies in accounts that pay lower than inflation while gold value increases in currency terms. Go figure.
by gerntz
Sun Jul 03, 2016 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Money vs. Happiness
Replies: 94
Views: 10923

Re: Money vs. Happiness

I think you're on the wrong forum - by a long shot. Get on a dating site & pay to have a woman (or whatever floats your boat) come & stay with you for a couple of weeks to try her out & her you. If it's really bad, put her back on a plane the next day. If it's only OK, try it again. If i...
by gerntz
Sun Jul 03, 2016 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Recommend an Independent Financial Advisor, please? [fee-only]
Replies: 24
Views: 1878

Re: Recommend an Independent Financial Advisor, please? [fee-only]

Almost every Vanguard client has access to a FA. For the first time I used him to help me rebalance my portfolio last April. Hiring an outside fee only FA is fine, but they can be expensive. Call your Vanguard Flagship Representative first and ask him or her for a referral. While Vanguard is wonder...
by gerntz
Sat Jul 02, 2016 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Recommend an Independent Financial Advisor, please? [fee-only]
Replies: 24
Views: 1878

Re: Recommend an Independent Financial Advisor, please? [fee-only]

LAlearning wrote:None. This boards collective wisdom is much better.
Could you show me the collective wisdom summary page? Does everyone here agree with that page? Thanks.
by gerntz
Sat Jul 02, 2016 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Recommend an Independent Financial Advisor, please? [fee-only]
Replies: 24
Views: 1878

Re: Recommend an Independent Financial Advisor, please? [fee-only]

Hello, I mainly have Vanguard funds, but also non-Vanguard funds in addition to real estate and commodity funds. I've been basically on my own with Vanguard for ten years, with the Vanguard CFPs not straying from their Vanguard rule book. I recently transitioned into retirement and I would like to ...
by gerntz
Sat Jul 02, 2016 11:32 am
Forum: Investing - Help with Personal Investments
Topic: VG vs. Fido - The Grass Is Not Always Greener (or Is It?)
Replies: 68
Views: 6692

Re: VG vs. Fido - The Grass Is Not Always Greener (or Is It?)

I'd do whichever doesn't cost me cap gains taxes; i.e., I'm not moving to new funds at a large tax cost. If not changing funds, do whatever.
by gerntz
Fri May 27, 2016 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on chemist going back for chemE?
Replies: 20
Views: 1234

Re: Advice on chemist going back for chemE?

Hello BH chemists and chemEs, I'm looking for some career advice on behalf of my SO. She has been a chemist in a large pharma company since graduating with chem BS a few years ago. Company treats her very well, and the pay is good ~60-70k so far. She likes working in the lab, but finds that the mor...
by gerntz
Sun May 22, 2016 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Emerging markets value premium
Replies: 10
Views: 999

Re: Emerging markets value premium

Is there an emerging markets value premium? If so, is DFA Emerging Markets Value (DFEVX 0.56%) a good way to capture it, or would you recommend a different investment? I'm not that smart, so I let my fixed-fee advisor direct me on this. It's 1-2%+ of our investable assets, 2-3% of equities. It's on...
by gerntz
Wed May 18, 2016 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: SS or not
Replies: 22
Views: 2082

Re: SS or not

I'd estimate the after tax benefit of taking at 62 vs. at 70. If you expect your income will be even higher at 70, lower tax rate starting at 62 may actually net you more - needing it or not.
by gerntz
Fri May 06, 2016 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: New senior investor
Replies: 17
Views: 2262

Re: New senior investor

I can't see where you stated your goals - protection, maximizing growth for heirs, etc. I think what you choose to do is significantly impacted by goal.
by gerntz
Fri May 06, 2016 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Couples: Are you and your significant other on the same page financially?
Replies: 65
Views: 6105

Re: Couples: Are you and your significant other on the same page financially?

I suppose so. Have never had anything but joint checking/savings accounts with all income going in same. Never entered our minds that we weren't in it together. Perhaps starting with next to nothing in our early 20's caused that approach. She manages day-to-day finances & I look at the accounts ...
by gerntz
Fri May 06, 2016 2:36 pm
Forum: Personal Consumer Issues
Topic: Is buying organic really that expensive?
Replies: 111
Views: 10739

Re: Is buying organic really that expensive?

Organic or not isn't a factor in the food I buy.
by gerntz
Fri Nov 20, 2015 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a bonus this year?
Replies: 75
Views: 9257

Re: Getting a bonus this year?

I get a bonus in three years - for the rest of my life: + $35K from SS.
by gerntz
Tue Sep 29, 2015 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Should my husband become a US citizen?
Replies: 102
Views: 8070

Re: Should my husband become a US citizen?

The other benefit of USA citizen is that you have our government on your side when out of the country. Of cousrse that value varies with whomever is Prez.
by gerntz
Mon Aug 17, 2015 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Cash in the house
Replies: 80
Views: 7665

Re: Cash in the house

We go to the ATM when we get down to around a hundred collectively & get $300. Have more if going to travel. Now my deceased father kept $19,950 in the house behind insulation till he realized he wasn't going to live forever. Then he told me about it & where it was, asked me to count it - he...
by gerntz
Fri Jul 31, 2015 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Which debt to work on next?
Replies: 31
Views: 2885

Re: Which debt to work on next?

Give Dave Ramsey a call.
by gerntz
Mon Jul 27, 2015 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Inherited Stock -Very low cost basis
Replies: 13
Views: 1378

Re: Inherited Stock -Very low cost basis

The OP appears to know what he is talking about with respect to basis. There is no new basis if the asset isn't included in an estate. His inheritance appears to be from a trust termination which had no effect on basis. Many people seem to assume that any inheritance results in a new basis. Gill Th...
by gerntz
Sun Jul 12, 2015 8:52 am
Forum: Investing - Help with Personal Investments
Topic: How do you set emerging markets weight?
Replies: 9
Views: 1563

Re: How do you set emerging markets weight?

I approve what my fee-only advisor recommends - or not. That way I don't rack my brain over it.
by gerntz
Thu Jul 02, 2015 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take SS at 62 or 70?
Replies: 12
Views: 2333

Re: Should I take SS at 62 or 70?

My husband is older and already retired. I will be retiring early (when I'm 60 or 62 years old) and wonder if I should drawdown on 401K (will need to to make up short fall), and hold off taking SS until 70 (treat as annuity protection). At full retirement I can take spousal benefit, and then when I...
by gerntz
Sun Jun 28, 2015 7:32 am
Forum: Investing - Help with Personal Investments
Topic: Fee Only Planner vs. Betterment
Replies: 13
Views: 2076

Re: Fee Only Planner vs. Betterment

I would choose Vanguard over Betterment. I would do a 3 fund portfolio and manage it myself. But if you want extra handholding, go for the 0.3 % management services. How do you know that the 0.3% fee is "extra handholding"? Some folks just aren't interested in spending time/effort on mana...
by gerntz
Sun Jun 28, 2015 7:03 am
Forum: Investing - Help with Personal Investments
Topic: Big Shift in AA, close to retirement??
Replies: 15
Views: 1586

Re: Big Shift in AA, close to retirement??

You may want to look at what your incomes will be once you reach age 70.5 & RMD start occurring from retirement accounts. Looks to me you'll be adding about $110-120K per year income at that point and thus be driving yourself into higher tax brackets or at least higher tax percentage rates. If s...
by gerntz
Sun Jun 21, 2015 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation with large holding in single stock
Replies: 34
Views: 3035

Re: Allocation with large holding in single stock

They might enjoy reading "Why Smart People Make Big Money Mistakes" by Gilovich and Belsky. I believe the book starts with something that should grab their attention. Their investing may not be perfect, but it's hardly a big mistake a) having had faith in APPL & b) accumulating so muc...
by gerntz
Sun Jun 21, 2015 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 14
Views: 2327

Re: Social Security Question

I'd prepare my questions & set up an appt. at your local SS office. My big takeaway from the Kotlikoff book is to know your strategy before going into the SS office. You may have to be persistent with an SS clerk who isn't familiar with what you know is possible. How is "I'd prepare my que...
by gerntz
Sun Jun 21, 2015 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor
Replies: 17
Views: 2420

Re: Financial Advisor

The biggest problem with advisors isn't so much the upfront sales loads, it is the churn. (The loads are bad enough). The churn happens when the advisor tells you to sell one investment so that he can sell you another one. Some advisors tend to have their clients sell their funds and perhaps buy th...
by gerntz
Sun Jun 21, 2015 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Age to Take Social Security: The Ideal and the Reality
Replies: 31
Views: 6040

Re: Age to Take Social Security: The Ideal and the Reality

Nowhere does it mention that the average lifetime payout total is roughly the same, no matter what age you claim at, and especially for men, who have decreased life expectancy vs women... Only on average for a single person. A person that dies at 62 gets a way different payout than one that dies at...
by gerntz
Sun Jun 21, 2015 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Pension or Unfair Lump Sum
Replies: 39
Views: 5773

Re: Pension or Unfair Lump Sum

Aren't you going to owe something like 40-45% in taxes on the lump sum such that you only have $550-600K to invest? Won't you be in a lot lower tax bracket on the pension payouts? If so, this swings the choice more towards monthly payments though I still don't know which is better.. You can roll ov...
by gerntz
Sat Jun 20, 2015 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Investing 11 Million Dollar Gift
Replies: 80
Views: 13800

Re: Investing 11 Million Dollar Gift

Place it all on red. :mrgreen:
by gerntz
Mon Jun 15, 2015 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer of wealth to kids
Replies: 92
Views: 13042

Re: Transfer of wealth to kids

If you have an estate that you expect to leave behind some of, & the total in each person's name isn't beyond $5.4M, I think you're better off taxes-wise to not gift it away beyond the $14/yr because all cap gains disappear to the estate's recipients (IRA contents & other tax-deferred accou...
by gerntz
Mon Jun 08, 2015 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Your Home Equity / Net Worth Ratio?
Replies: 119
Views: 9514

Re: Your Home Equity / Net Worth Ratio?

5%. Yes. We've lived in the same moderate size house a long time. Bigger would be an even bigger upkeep waste of our time & money than this one is. We have better places to put our assets.
by gerntz
Mon Jun 08, 2015 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer of wealth to kids
Replies: 92
Views: 13042

Re: Transfer of wealth to kids

If you have an estate that you expect to leave behind some of, & the total in each person's name isn't beyond $5.4M, I think you're better off taxes-wise to not gift it away beyond the $14/yr because all cap gains disappear to the estate's recipients (IRA contents & other tax-deferred accoun...
by gerntz
Mon Jun 08, 2015 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Advice/Opinions on Rental Property
Replies: 17
Views: 2444

Re: Advice/Opinions on Rental Property

We own 4 duplexes. I didn't & wouldn't buy without an expected break even cash flow to start unless I was convinced appreciation would be quite high. We bought the first 8 years back & have only 5-10% net appreciation with the dip. But with rent increases, we're doing nicely. And the princip...
by gerntz
Mon Jun 08, 2015 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Putting off Social Security until 70
Replies: 89
Views: 9545

Re: Putting off Social Security until 70

Many here plan to delay until age 70 due to the 8% per yr increase. I don't agree,however, because the amount at age 62 and 70 are actuarialy equivalent. If I recall correctly, one has to live to ~81 to break even And many folks expect to live past 81. A minority do not. I think the positive attitu...
by gerntz
Mon Jun 01, 2015 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Pension or Unfair Lump Sum
Replies: 39
Views: 5773

Re: Pension or Unfair Lump Sum

Aren't you going to owe something like 40-45% in taxes on the lump sum such that you only have $550-600K to invest? Won't you be in a lot lower tax bracket on the pension payouts? If so, this swings the choice more towards monthly payments though I still don't know which is better..
by gerntz
Mon Jun 01, 2015 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Age to Take Social Security: The Ideal and the Reality
Replies: 31
Views: 6040

Re: Age to Take Social Security: The Ideal and the Reality

Nowhere does it mention that the average lifetime payout total is roughly the same, no matter what age you claim at, and especially for men, who have decreased life expectancy vs women... Only on average for a single person. A person that dies at 62 gets a way different payout than one that dies at...
by gerntz
Mon May 25, 2015 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: When is it safe to share financial details with gf, future wife
Replies: 53
Views: 6057

Re: When is it safe to share financial details with gf, future wife

Boglenaut wrote:
When is it safe to share financial details with gf, future wife


It is safe when you do not need to ask "Is it safe?".
+1
by gerntz
Sun May 24, 2015 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation with large holding in single stock
Replies: 34
Views: 3035

Re: Allocation with large holding in single stock

They might enjoy reading "Why Smart People Make Big Money Mistakes" by Gilovich and Belsky. I believe the book starts with something that should grab their attention. Their investing may not be perfect, but it's hardly a big mistake a) having had faith in APPL & b) accumulating so muc...
by gerntz
Sat May 23, 2015 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation with large holding in single stock
Replies: 34
Views: 3035

Re: Allocation with large holding in single stock

One, if that first figure in that seven figure portfolio is a 5 or larger, they should have those accounts split equally in size between them to take full advantage of the estate tax exemption. Two, something working for them at their age is that the cap gains bases step up to current value when the...
by gerntz
Sat May 23, 2015 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Where to put extra cash? CD's dont make sense
Replies: 7
Views: 2006

Re: Where to put extra cash? CD's dont make sense

Without knowing your total investable assets & age, hard to answer.
by gerntz
Thu May 21, 2015 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 14
Views: 2327

Re: Social Security Question

I'd prepare my questions & set up an appt. at your local SS office.
by gerntz
Sat May 16, 2015 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: VA Municipal Bonds
Replies: 10
Views: 1243

Re: VA Municipal Bonds

The problem with buying municipal bonds as an individual is that you are likely to lose a lot to trading costs, particularly if you need to sell them before maturity. Municipal-bond funds charge a small amount in expenses, but they are liquid. There are VA municipal-bond funds available, but the ex...
by gerntz
Thu May 14, 2015 8:00 am
Forum: Investing - Help with Personal Investments
Topic: How much in cash?
Replies: 35
Views: 4636

Re: How much in cash?

Call me a heretic, but I prefer GLD to US currency. Much harder to devalue than the currency is & it's easily sold. Plus we have a currency stream called Social Security.
by gerntz
Sun May 03, 2015 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor
Replies: 17
Views: 2420

Re: Financial Advisor

The biggest problem with advisors isn't so much the upfront sales loads, it is the churn. (The loads are bad enough). The churn happens when the advisor tells you to sell one investment so that he can sell you another one. Some advisors tend to have their clients sell their funds and perhaps buy th...
by gerntz
Mon Apr 20, 2015 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Preparing for the Minimum Required Distribution
Replies: 41
Views: 3913

Re: Preparing for the Minimum Required Distribution

I am clueless about this excerpt, so I just include as a note because I was going to suggest converting some of your traditional IRAs to Roths, being careful to watch what that does to your taxes. You may consider reducing your taxes by making more charitable contributions now, keeping in mind that...
by gerntz
Sun Apr 19, 2015 8:03 am
Forum: Personal Consumer Issues
Topic: mandatory 17% tip at a buffet
Replies: 32
Views: 4093

Re: mandatory 17% tip at a buffet

Good reason to go to Europe instead of Vegas.
by gerntz
Sun Apr 19, 2015 8:00 am
Forum: Personal Finance (Not Investing)
Topic: engineers - please help with engineering school selection
Replies: 185
Views: 14294

Re: engineers - please help with engineering school selectio

I'm a retired ChE. My data is 40+ years old, but MN's ChE program was(is?) topnotch - top 10 at the time. My top 50 sales megacorp hired a good number of MN grads for R&D work - new chemicals development, formulation, process development & production implementation/startup. Also production m...

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