Search found 138 matches

by hirlaw
Thu May 25, 2017 10:20 am
Forum: Investing - Theory, News & General
Topic: DFA Retirement Income Strategies
Replies: 63
Views: 4128

Re: DFA Retirement Income Strategies

A bit off topic, but does anyone share my concern that TIPS may not actually keep up with actual inflation from a retiree's viewpoint? Currently, actual health care cost inflation exceeds the govt. inflation rate. Health care costs, especially in later retirement, may make up a significant portion o...
by hirlaw
Wed May 24, 2017 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity customer protection guarantee-void if you use Mint?
Replies: 39
Views: 2810

Re: Fidelity customer protection guarantee-void if you use Mint?

It sounds like Chase is (or has already by now) allowing Mint access without sharing passwords.
http://fortune.com/2017/01/25/chase-intuit-mint-password/
by hirlaw
Thu Apr 20, 2017 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: How to Handle Taxes on One Time Windfall (sale)
Replies: 13
Views: 1004

Re: How to Handle Taxes on One Time Windfall (sale)

Spirit Rider: We normally pay, rather than receive a refund. Last year we paid about $8k. If the taxes on the partnership distribution are around $50K, that would be about $60k in withholding to add to the current withholding. Sounds like a lot.
by hirlaw
Thu Apr 20, 2017 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: How to Handle Taxes on One Time Windfall (sale)
Replies: 13
Views: 1004

Re: How to Handle Taxes on One Time Windfall (sale)

nordsteve: I don't think that would work for us, especially considering that we would be starting so late in the year.
by hirlaw
Thu Apr 20, 2017 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: How to Handle Taxes on One Time Windfall (sale)
Replies: 13
Views: 1004

How to Handle Taxes on One Time Windfall (sale)

I own a share of a limited partnership that is selling its major asset. In about a week I will be receiving funds and will incur about a $220K long term gain. Any suggestions on how to deal with the taxes to avoid penalties? I have read about the "safe harbor" provision for estimating taxe...
by hirlaw
Wed Apr 19, 2017 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Conversion Question -- 5 year rule
Replies: 2
Views: 399

Re: Roth IRA Conversion Question -- 5 year rule

Thank you for your detailed response!
by hirlaw
Wed Apr 19, 2017 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Conversion Question -- 5 year rule
Replies: 2
Views: 399

Roth IRA Conversion Question -- 5 year rule

Hi All: I am 60. I have a regular post-tax IRA's. I also have a Roth 401k. If I do a partial conversion of my IRA to a Roth IRA, does that start the 5 year rule clock running even for later contributions? For example, if I convert half in 2017 and half in 2020, does the five years end in 2022 for bo...
by hirlaw
Thu Mar 30, 2017 1:00 pm
Forum: Personal Consumer Issues
Topic: Lastpass bug
Replies: 18
Views: 2061

Re: Lastpass bug

I am concerned about a dishonest employee or principal of the company. Also, I worry about a company going out of business -- how secure will the servers/security be in a liquidation setting.
by hirlaw
Wed Mar 29, 2017 12:08 pm
Forum: Personal Consumer Issues
Topic: Prius Prime Looks Interesting...Price is Very Attractive
Replies: 24
Views: 4205

Re: Prius Prime Looks Interesting...Price is Very Attractive

Do we even know whether Federal tax credits will be available if a plug-in vehicle is purchased in 2017? Isn't there a possibility that a "tax overhaul" would remove or limit these credits?
by hirlaw
Thu Mar 23, 2017 9:34 am
Forum: Investing - Theory, News & General
Topic: Why buy short-term bond funds when you can get 1% in savings acct?
Replies: 29
Views: 2785

Re: Why buy short-term bond funds when you can get 1% in savings acct?

You may consider mixing. For the short portion of the yield curve, I have money in ALLY money market and CD's. However, I also have funds in the following (which are also available as mutual funds). Vanguard Short Term Bond ETF (BSV): Duration 2.68, yield 1.78% Vanguard Short Term Corporate Bond ETF...
by hirlaw
Tue Mar 14, 2017 1:24 pm
Forum: Investing - Theory, News & General
Topic: Shiller says market is "way overpriced" - what a shocker
Replies: 34
Views: 4415

Re: Shiller says market is "way overpriced" - what a shocker

Clickbait. If you watch the interview, he never said that and in fact said that he doesn't know which way the market will go --- He even said that this could be like 1997 where the market did just fine with a high CAPE.
by hirlaw
Thu Mar 09, 2017 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Open bond fund now or wait till Fed rate increase next week
Replies: 15
Views: 1396

Re: Open bond fund now or wait till Fed rate increase next week

No one really knows.

When the Fed raised rates in December 2015, the 10 year rate actually went down rather significantly afterwards.
by hirlaw
Fri Feb 24, 2017 10:38 am
Forum: Investing - Help with Personal Investments
Topic: How to buy municipal bonds
Replies: 11
Views: 1289

Re: How to by municipal bonds

If you have a Fidelity brokerage account, their website has a very good bond screener wherein you can select individual muni (or other type) individual bonds. You will be able to screen ratings, maturity, yield, etc. I am sure other brokerage companies have similar online features.
by hirlaw
Tue Jan 31, 2017 5:22 pm
Forum: Personal Consumer Issues
Topic: Utilizing a trainer to maintain fitness in retirement
Replies: 39
Views: 2799

Re: Utilizing a trainer to maintain fitness in retirement

I'm 60 and have been going to the gym for over 30 years. I don't use a trainer, but I can see the benefit of a good trainer setting up a program for you to then follow on your own. I currently go at least 3 days a week. Many days you won't feel like going, so I recommend setting specific days to go ...
by hirlaw
Tue Jan 17, 2017 12:14 pm
Forum: Investing - Theory, News & General
Topic: Short Term TIPS in retirement portfolio
Replies: 23
Views: 2252

Re: Short Term TIPS in retirement portfolio

I am in about the same time frame as you in starting withdrawals (but I don't plan on taking withdrawals from the TIPs for a while). I presently only have about 5% of my fixed income in TIP funds. Like you, I am unsure of short vs. intermediate TIPS. I decided to split the difference and have half i...
by hirlaw
Thu Jan 12, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: How to build passive income
Replies: 45
Views: 4712

Re: How to build passive income

As for real estate, Vanguard REIT index currently pays over 4% (and no plumber or bad tenants to deal with!)
by hirlaw
Thu Jan 05, 2017 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity FullView
Replies: 15
Views: 1434

Re: Fidelity FullView

Personally, I think aggregators are too risky. Once a quarter or so I manually input my holdings into Morningstar's X-Ray feature to determine my asset allocation.
by hirlaw
Thu Dec 29, 2016 3:10 pm
Forum: Investing - Theory, News & General
Topic: All your eggs in one basket vs. concern about being hacked?
Replies: 41
Views: 4896

Re: All your eggs in one basket vs. concern about being hacked?

Here is a quote from Jaime Dimon this year:
"If you wake up tomorrow and there's no money in your bank account, that's my problem. But if you gave your passcode away to a company and that company itself did something wrong, that's your problem."
by hirlaw
Thu Dec 29, 2016 1:41 pm
Forum: Investing - Theory, News & General
Topic: All your eggs in one basket vs. concern about being hacked?
Replies: 41
Views: 4896

Re: All your eggs in one basket vs. concern about being hacked?

Some brokerages/banks are making an exception to their fraud reimbursement policies in the case of a client's passwords being hacked from third party aggregators, such as Mint.
by hirlaw
Thu Dec 29, 2016 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE motivator - stressful profession or my personality?
Replies: 3
Views: 758

Re: FIRE motivator - stressful profession or my personality?

I am near the end of my legal career, spent as a commercial and bankruptcy litigator. Is the stress you or the job? I would say maybe a combination of both. Litigation, by its nature, is extremely confrontational and often unpleasant, for both the parties and the attorneys. Accusations are made by b...
by hirlaw
Tue Dec 27, 2016 11:27 am
Forum: Investing - Theory, News & General
Topic: Picking Individual Stocks Is Dangerous
Replies: 58
Views: 5845

Re: Picking Individual Stocks Is Dangerous

I have rented a blindfolded monkey to pick my stocks. 8-)
by hirlaw
Tue Dec 27, 2016 11:22 am
Forum: Personal Consumer Issues
Topic: At what age, income, and NW would you buy a $50k car?
Replies: 174
Views: 12452

Re: At what age, income, and NW would you buy a $50k car?

For heaven's sake... what's the point of having money if you're not allowed to spend it?


Agree! Although, I have 1 qualification. Only buy it if paying with cash doesn't hurt.
by hirlaw
Wed Dec 21, 2016 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: VWIUX Vanguard Intermediate Tax Expt - Should I trade out?
Replies: 22
Views: 2667

Re: VWIUX Vanguard Intermediate Tax Expt - Should I trade out?

107, but into Vang. Tax-exempt money market. Will be back in Intermediate in 31 days.
by hirlaw
Wed Dec 21, 2016 3:02 pm
Forum: Investing - Theory, News & General
Topic: Stable Value Funds in Portfolio
Replies: 45
Views: 5626

Re: Stable Value Funds in Portfolio

Each athlete brings something to the team.


Brock Osweiler too?
by hirlaw
Tue Dec 20, 2016 4:37 pm
Forum: Personal Consumer Issues
Topic: The True Cost of Owning a Dog
Replies: 176
Views: 14917

Re: The True Cost of Owning a Dog

I posted this reply back in August: "Owner of 12 year old Shih Tzu here. He was recently diagnosed with Cushings Disease. The medication alone is $300/month. That does not include blood work-ups, etc. that run a few hundred dollars a visit. That is before the usual heartworm/flea medication, pr...
by hirlaw
Fri Dec 16, 2016 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How much cash do you keep?
Replies: 103
Views: 10013

Re: Retirees: How much cash do you keep?

Is a stable value fund considered "cash?" If so, we have a lot of cash!
by hirlaw
Tue Dec 13, 2016 4:43 pm
Forum: Investing - Theory, News & General
Topic: Shiller CAPE levitating
Replies: 17
Views: 1600

Re: Shiller CAPE levitating

S&P 500 price to sales ratio is also currently very high.
by hirlaw
Sun Dec 11, 2016 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Security of Online Password Management Software
Replies: 9
Views: 958

Re: Security of Online Password Management Software

I have also wondered whether the employees of the password manager would have access to (or gain access to) your passwords. I don't worry so much about management, but rather everyday employees.
by hirlaw
Thu Dec 08, 2016 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Honda Civic Hatchback 2017
Replies: 5
Views: 941

Re: Honda Civic Hatchback 2017

Sounds like a good deal to me!
by hirlaw
Thu Dec 08, 2016 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Honda Civic Hatchback 2017
Replies: 5
Views: 941

Re: Honda Civic Hatchback 2017

Have you gone on www.truecar.com? This may not be an indicator of the "best" price, but I wouldn't pay more than the price shown on that site.
by hirlaw
Tue Dec 06, 2016 8:50 pm
Forum: Investing - Theory, News & General
Topic: Sequence of returns risk. Using puts to hedge.
Replies: 26
Views: 2062

Re: Sequence of returns risk. Using puts to hedge.

Not sure that simply varying a withdrawal rate works. 65 year old retiree has $1 million in an all equity portfolio. He is taking 4% a year withdrawals. ($40k for the relevant year). Market drops 60%. He now has $400k. Even cutting his spending in half , from $40k to $20k, brings his withdrawal rate...
by hirlaw
Tue Dec 06, 2016 6:22 pm
Forum: Investing - Theory, News & General
Topic: Sequence of returns risk. Using puts to hedge.
Replies: 26
Views: 2062

Re: Sequence of returns risk. Using puts to hedge.

The worst year for a 50/50 portfolio was 1931, with a return of -22.5%, within a fraction of your protection number of 22.1%. data source: https://personal.vanguard.com/us/insigh ... llocations Slightly off topic but I never know how to deal with that Vanguard chart because it is in calendar years....
by hirlaw
Tue Dec 06, 2016 1:09 pm
Forum: Investing - Theory, News & General
Topic: Sequence of returns risk. Using puts to hedge.
Replies: 26
Views: 2062

Re: Sequence of returns risk. Using puts to hedge.

I am 60 and very close (as in probably within one year) to retirement. To mitigate sequence of return risk, over the past 2 years I have gradually cut back my equity portion from about 55% to its present 38%. My goal is to have it to around 35% at retirement. After dividends/interest, retirement spe...
by hirlaw
Mon Dec 05, 2016 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: Letting go is proving hard to do...
Replies: 17
Views: 3953

Re: Letting go is proving hard to do...

In taxable accounts, "letting go" is sometimes difficult because of the capital gains that would be incurred from the sale of the funds being eliminated.
by hirlaw
Mon Dec 05, 2016 11:39 am
Forum: Personal Consumer Issues
Topic: Which country in Africa to visit?
Replies: 65
Views: 4320

Re: Which country in Africa to visit?

While on the topic of South Africa (sort of), does anyone have any safari tour companies they have worked with and can recommend?

Thanks!
by hirlaw
Mon Dec 05, 2016 11:32 am
Forum: Investing - Theory, News & General
Topic: Israelsen's Research on International Bonds
Replies: 8
Views: 880

Re: Israelsen's Research on International Bonds

I believe in diversification and want to agree with him, but I have a hard time investing in international bonds at this point when an index, such as Vanguard's Total International Bond Index (BNDX), is yielding .65% with a duration of almost 8 years. Unless I am missing something, I see a lot of do...
by hirlaw
Sun Dec 04, 2016 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement with $8M in investments
Replies: 166
Views: 22060

Re: Retirement with $8M in investments

I would get some investment real estate to mix it up. I would hate to be that dependent on the stock market each day. I would rather know rent checks are coming in. Move $2mil to Memphis, Kansas City, Indy or other cash flow city and you would be getting $25k a month in rents with B neighborhoods. ...
by hirlaw
Mon Nov 21, 2016 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Do You Buy Individual Municipal Bonds?
Replies: 1
Views: 382

Do You Buy Individual Municipal Bonds?

I am curious to know whether others here sometimes buy individual munis. I buy them in my Fidelity brokerage account as a small portion of my bond portfolio, usually about one or two-year terms. I screen for bonds with a high credit rating (e.g., AA+ to AAA in S&P). For example, this morning I b...
by hirlaw
Tue Nov 01, 2016 4:55 pm
Forum: Personal Consumer Issues
Topic: How do you make your Martini?
Replies: 63
Views: 4493

Re: How do you make your Martini?

Pour cold gin into a martini glass within 2 foot radius of a bottle of vermouth. Done.
by hirlaw
Tue Nov 01, 2016 10:51 am
Forum: Personal Consumer Issues
Topic: Do I need to get a CPO car independently checked?
Replies: 27
Views: 2398

Re: Do I need to get a CPO car independently checked?

Generally no. However, if the Carfax report shows that it was owned in a area with a recent flood history (e.g., North and South Carolina, Louisiana, etc.), I would have it checked by someone who knows how to detect flood damage.
by hirlaw
Mon Oct 31, 2016 4:33 pm
Forum: Personal Consumer Issues
Topic: Replacing run-flat tires on BMW
Replies: 34
Views: 4839

Re: Replacing run-flat tires on BMW

2007 BMW Z4 here. I switched to non-run flat Michelin's this year (Pilot Sport A/S 3). I don't know if I would do it on a car I drove out of town. I only drive this one around town and have a AAA card for towing (and a can of Fix-a-Flat!). I like the switch and the cost savings, but honestly, I can'...
by hirlaw
Fri Oct 07, 2016 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Using the Company "NetBasis" to Calculate Cost Basis
Replies: 2
Views: 248

Using the Company "NetBasis" to Calculate Cost Basis

Has anyone used the company "NetBasis" to calculate the cost basis for shares? I have some old company stock from a former employer I received years ago through an ESOP program that has been sitting in a Computershare account. Thirty years later after dividends and stock splits, the basis ...
by hirlaw
Fri Sep 30, 2016 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Are REITS appropriate in a "buy and hold" portfolio?
Replies: 18
Views: 2482

Re: Are REITS appropriate in a "buy and hold" portfolio?

We have about 10% of our equities in the Vanguard REIT Index. Because we are pretty fixed income heavy, that turns out to only about 4% of our overall portfolio.
by hirlaw
Wed Aug 17, 2016 11:29 am
Forum: Personal Consumer Issues
Topic: Long wait on Vanguard Phone Lines-What's going on?
Replies: 56
Views: 7232

Re: Long wait on Vanguard Phone Lines-What's going on?

I have always wondered if ultra-low expenses at Vanguard is at the cost of less money spent on things such as customer support, back office, website design and performance, etc. It may also be that they simply have had a huge inflow of funds and additional customers and need time to ramp up this sup...
by hirlaw
Tue Aug 16, 2016 5:16 pm
Forum: Personal Consumer Issues
Topic: The True Cost of Owning a Dog
Replies: 176
Views: 14917

Re: The True Cost of Owning a Dog

Owner of 12 year old Shih Tzu here. He was recently diagnosed with Cushings Disease. The medication alone is $300/month. That does not include blood work-ups, etc. that run a few hundred dollars a visit. That is before the usual heartworm/flea medication, prescription eye drops, vaccines, food, boar...
by hirlaw
Fri Aug 12, 2016 2:10 pm
Forum: Personal Consumer Issues
Topic: What does the BH community do with their pets when they travel?
Replies: 60
Views: 3886

Re: What does the BH community do with their pets when they travel?

Owner of an elderly Shih Tzu here.

For short trips, we leave him at a kennel. For longer trips, we have been using a pet/house sitter. Unfortunately, neither choice is cheap.

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