Search found 1304 matches

by patrick013
Mon Mar 27, 2017 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: 401K fund allocation advice
Replies: 4
Views: 149

Re: 401K fund allocation advice

is there any point in investing in a non-deductible trad IRA? I suppose I could roll it over to a roth If you are maxing out your 401k it's a very good idea. It's called a backdoor Roth, see the wiki. Your AA is OK and aggressive. A couple other items that should be interesting : Investment Priorit...
by patrick013
Sun Mar 26, 2017 4:18 pm
Forum: Investing - Theory, News & General
Topic: What Bond ETF to use for a 3-fund portfolio?
Replies: 5
Views: 656

Re: What Bond ETF to use for a 3-fund portfolio?

The last time Bogle talked about bonds he said his portfolio was 50-50 short/intermediate term bond funds, I would suspect that ticker BSV and BIV would be a major part of that. Ticker IEI is a very good fund to protect against decline where stocks decline and TRSY's rise concurrently in a flight to...
by patrick013
Sun Mar 26, 2017 12:53 pm
Forum: Investing - Theory, News & General
Topic: What's your strategy for withdrawing funds in Retirement ?
Replies: 47
Views: 4459

Re: What's your strategy for withdrawing funds in Retirement ?

The spreadsheet I'm looking at tells me to take a 401k with matching, retire, and take equal withdrawals for 20 years. The account will equal zero after 20 years. Beats a 401k-Roth arrangement by over 2% after tax. Would live like a king for 20 years especially when SS and any pension would be added...
by patrick013
Sat Mar 25, 2017 7:49 pm
Forum: Investing - Theory, News & General
Topic: Does your asset allocation derate tax-deferred holdings to account for future tax liability?
Replies: 42
Views: 1294

Re: Does your asset allocation derate tax-deferred holdings to account for future tax liability?

Well whatever your best guess future tax rate would be your future
distributions would take the subtraction. So your final balances
would be very close to actual then.
by patrick013
Fri Mar 24, 2017 7:23 pm
Forum: Investing - Theory, News & General
Topic: Part 2 of series on EM, another look at valuations
Replies: 11
Views: 1276

Re: Part 2 of series on EM, another look at valuations

@larry
You sound like you're working for VG Advisors.
You can't tell the difference between a neutral EM
to a Keynesian infested US economy ?
I'd prefer to be my own advisor on this one.
by patrick013
Fri Mar 24, 2017 6:34 pm
Forum: Personal Consumer Issues
Topic: Pontoon boat owners!!
Replies: 12
Views: 1124

Re: Pontoon boat owners!!

Most pontoons are adequate for cruising, everybody knows that.
As long as they'll start.

But, the propeller you have make a chore an engagement.

A wide pitch has less noise. Even less engine conflict.
A low pitch has more torque but alot more unpleasant noise.

The engine should be almost silent.
by patrick013
Fri Mar 24, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Series 65 Volunteer Advising?
Replies: 21
Views: 1011

Re: Series 65 Volunteer Advising?

Series 65 is to fulfill regulator requirements and compliance, not a test that demonstrates mastery of a subject. You're right. The test is geared towards Finance majors. But, some other smart people can sneek in with independent study. You need to know what different metrics actually mean, but not...
by patrick013
Fri Mar 24, 2017 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Fixed income Asset Allocation
Replies: 4
Views: 374

Re: Help with Fixed income Asset Allocation

First, let's stay with investment grade products. If interest rates were 5-6% there would be more options. Tax equivalent yield will help choose muni's or not. Rates may peak in 2020 so some like a 50-50 allocation between short and intermediate term. Bogle's bond investments are 50-50 short/interm ...
by patrick013
Thu Mar 23, 2017 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401K vs. 401K
Replies: 18
Views: 1030

Re: Roth 401K vs. 401K

Hi Bogleheads! What is your annual contribution and effective tax rate - fed and state. Working on a spreadsheet right now and could use your exact numbers. My federal tax bracket is 25% and my VA state bracket for my income level is 5.75% Thank you!! Hi, I've actually finished the spreadsheet and ...
by patrick013
Wed Mar 22, 2017 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Roth vs. TIRA, am I missing something obvious?
Replies: 23
Views: 1124

Re: Roth vs. TIRA, am I missing something obvious?

For someone working in the third tax bracket, assuming they will be in the second tax bracket in retirement, accumulating for 20 years in a growth portfolio, withdrawing for 20 years in a mod-growth portfolio, till the account equals 0 in the last year, the estimated after tax IRR's are : tIRA Resul...
by patrick013
Wed Mar 22, 2017 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401K vs. 401K
Replies: 18
Views: 1030

Re: Roth 401K vs. 401K

bfinners23 wrote:Hi Bogleheads!


What is your annual contribution and effective tax rate - fed and state.

Working on a spreadsheet right now and could use your exact numbers.
by patrick013
Wed Mar 22, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Series 65 Volunteer Advising?
Replies: 21
Views: 1011

Re: Series 65 Volunteer Advising?

You can't be an RIA with just a Series 65. You also need a Series 7. If you have a 65 you also need a 63, or, to avoid needing both a 65 & 63 you can just get the 66 which combines the two. Others were also correct in saying you can't do this solo. You must be sponsered by a Firm to hold the li...
by patrick013
Wed Mar 22, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Series 65 Volunteer Advising?
Replies: 21
Views: 1011

Re: Series 65 Volunteer Advising?

Firm sponsorship ? I don't think so. Start-up costs ? I think they're low, there may be a minimum net capital requirement and/or a bond to cover potential legal costs ($35,000) depending on state. You can't sell securities just advise them. Some law firms or accounting firms would love to have a 65...
by patrick013
Tue Mar 21, 2017 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Advice
Replies: 20
Views: 1104

Re: 401K Advice

Excellent if you have Total Stock Market in the Roth.
by patrick013
Tue Mar 21, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Series 65 Volunteer Advising?
Replies: 21
Views: 1011

Re: Series 65 Volunteer Advising?

I understand that even that would have significant start-up costs that I am not willing to make at the moment (liability insurance, registration process). ................................................. Then if I lose my current job, I could transition to RIA full time, and possibly pursue a CFP ...
by patrick013
Mon Mar 20, 2017 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: Short Vs. Intermediate Corp. Bonds
Replies: 6
Views: 586

Re: Short Vs. Intermediate Corp. Bonds

For BBB rated bonds the average default rate is .30%
The max default rate seen is 1.4% per year. The higher
ratings are much better, for global corporate bonds.
by patrick013
Sun Mar 19, 2017 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: "Don't time the market" vs. "Buy low, sell high"
Replies: 69
Views: 4837

Re: "Don't time the market" vs. "Buy low, sell high"

2 questions : Did you buy at a good time ? Where your major purchases made in index funds during a 10% market correction ? Then you have what's called a good entry point. Any complaints ? Still listening. Did you sell at a good time ? Rebalance to bonds when the market portfolio was entertaining PE'...
by patrick013
Sun Mar 19, 2017 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Planning if you don't care to leave an estate....
Replies: 32
Views: 2596

Re: Planning if you don't care to leave an estate....

I'm probably going into some SPIA especially in 2020 as interest rec'd is expected to rise, and defer payment for a few years also. TOD (transfer on death) is pretty foolproof for most assets I'd just divide my account by 25 and make a withdrawal, having enough cash or short term assets to do so, or...
by patrick013
Sun Mar 19, 2017 7:10 pm
Forum: Investing - Theory, News & General
Topic: Risks of MLPs
Replies: 26
Views: 1581

Re: Risks of MLPs

I think MLP's are still in the process of building. Infrastructure is supposed to be the way to go, lease revenue primarily, leaves commodity prices out of the question. But even if the top MLP's build thousands and thousand of miles of pipeline a piece there are still going to be network optimizati...
by patrick013
Sun Mar 19, 2017 1:30 pm
Forum: Investing - Theory, News & General
Topic: Risks of MLPs
Replies: 26
Views: 1581

Re: Risks of MLPs

MLP Indexes Tax laws make investing in MLP indexes disadvantageous, but you can find out who the big fish are thru the indexes. Perhaps the new tax laws will fix that but I still think they're going to be non- investment grade investments. Or they could be like REIT's with similar characteristics. ...
by patrick013
Sat Mar 18, 2017 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Complex portfolio issues involving individual stock
Replies: 15
Views: 939

Re: Complex portfolio issues involving individual stock

The last time I looked Verizon was paying 4.6% but you don't desire any further telecom. You probably should continue to hold those stocks and just sell small amounts each year if any. Utilities and Telecom are considered defensive and if Blue Chip or Dow quality should be safe then. Just keep your...
by patrick013
Fri Mar 17, 2017 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: Complex portfolio issues involving individual stock
Replies: 15
Views: 939

Re: Complex portfolio issues involving individual stock

Don't think that's the case here but the door to
my Vogelzang is always open.

THX,
by patrick013
Fri Mar 17, 2017 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Complex portfolio issues involving individual stock
Replies: 15
Views: 939

Re: Complex portfolio issues involving individual stock

Selling only recently acquired lots would see small gain – very roughly 40-70% of the sale value would be a taxable gain, and at 20% tax if we include state/local taxes we would pay (very roughly) about $20,000 in taxes on those transactions. Sales would be done over 2 years to avoid triggering hig...
by patrick013
Fri Mar 17, 2017 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Complex portfolio issues involving individual stock
Replies: 15
Views: 939

Re: Complex portfolio issues involving individual stock

I'd do step 1 and stop. Invest in ticker HDV if anything further dividend stocks are needed, it's the safest. Buy a separate mid and small cap fund because it's easier to rebalance and monitor then. Keeping the older stocks for your heirs or selling them slowly to limit tax and allow time to organiz...
by patrick013
Thu Mar 16, 2017 11:11 pm
Forum: Investing - Theory, News & General
Topic: buying individual bonds vs buying bond funds
Replies: 1
Views: 239

Re: buying individual bonds vs buying bond funds

A neighbor mentioned that he had a bond - Texas Road Bond - that he recently sold. I have never learned much about the real bond issues behind the bond funds. I did a quick search, and it looked like there were several "Texas Road Bonds". I know even in our local town - there were a few b...
by patrick013
Thu Mar 16, 2017 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: Complex portfolio issues involving individual stock
Replies: 15
Views: 939

Re: Complex portfolio issues involving individual stock

4. The Columbia funds have fairly high expense ratios but are providing very good income and the expense ratios are in the “bad but not egregiously awful” range... roughly 0.75% to 1%. Can we leave these alone for now but focus on transitioning most funds away toward equivalents in Vanguard? That i...
by patrick013
Thu Mar 16, 2017 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: Complex portfolio issues involving individual stock
Replies: 15
Views: 939

Re: Complex portfolio issues involving individual stock

The last time I looked Verizon was paying 4.6% but you don't desire any further telecom. You probably should continue to hold those stocks and just sell small amounts each year if any. Utilities and Telecom are considered defensive and if Blue Chip or Dow quality should be safe then. Just keep your ...
by patrick013
Thu Mar 16, 2017 1:51 pm
Forum: Investing - Theory, News & General
Topic: Reproducing S&P 500 and Bonds rolling correlation
Replies: 9
Views: 745

Re: Reproducing S&P 500 and Bonds rolling correlation

A common comparison of yields is the earnings yield of the 500 with the Moody BBB bond yield. But I think the correlation would be low as the thing equilibrates very slowly. Using the 500, GDP, EPS, and CPI gives a logical forecast which is a little low lately due to interest being low and PE's high...
by patrick013
Wed Mar 15, 2017 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: conflict of interest [CFA vs. fiduciary]
Replies: 27
Views: 1904

Re: conflict of interest [CFA vs. fiduciary]

Thx LadyGeek....Our advisor is a CFP®. From the links, it looks like that mandates a fiduciary duty? When I go to the "Investment Adviser" link he's also registered as a licensed Investment Adviser. No complaints on either the FINRA or CFP websites. How can selling non-traded REITs with z...
by patrick013
Wed Mar 15, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: conflict of interest [CFA vs. fiduciary]
Replies: 27
Views: 1904

Re: conflict of interest

It's a ridiculously harmful business model, and now I see even some basic transparency like the DOL Fiduciary Rule is being thwarted. Amazing. I guess they want the RIA thing for fiduciary needs and the broker/dealer thing to be exempt. They will sell you any blue chip stock at any price as far as ...
by patrick013
Wed Mar 15, 2017 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Evolving my asset allocation to slice-and-dice
Replies: 9
Views: 557

Re: Evolving my asset allocation to slice-and-dice

Without going ten funds here's a simpler portfolio. VFSUX Vanguard Short-Term Investment Grade Bonds VFIAX Vanguard 500 Index VIMAX Vanguard Mid-Cap Index VSMAX Vanguard Small Cap Index add extra investment in small cap value if you'd like. I don't usually go Intl but if I did - VTMGX - Developed In...
by patrick013
Wed Mar 15, 2017 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: conflict of interest [CFA vs. fiduciary]
Replies: 27
Views: 1904

Re: conflict of interest

If he is licensed he is req'd to follow "The Brochure Rule"

Ask him for one.
by patrick013
Tue Mar 14, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice
Replies: 2
Views: 236

Re: Portfolio advice

The 401k to 403b would depend on what funds are available and ER.

I don't see a Roth ? Backdoor Roth: A Complete How-To

Read the Boglehead guide ? Bogleheads' Guide To Investing

And here's a way to get more responses : Asking Portfolio Questions
by patrick013
Sun Mar 12, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds and YTM -- Issue with The Bond Book's Claim
Replies: 14
Views: 916

Re: Bonds and YTM -- Issue with The Bond Book's Claim

YTM is the Internal Rate of Return (IRR) of the bond. It's the
most common way of bond comparison. It has a few weaknesses
but for any given day it gives an accurate per cent and provides
that rate will be the compounded per cent for the bond if
bought today and held to maturity or call (YTC).
by patrick013
Sat Mar 11, 2017 1:43 pm
Forum: Investing - Theory, News & General
Topic: Alternative Strategy for Returns with S&P 500 P/E High
Replies: 23
Views: 1989

Re: Alternative Strategy for Returns with S&P 500 P/E High

I might buy a put for about 2300 for the 500 if I had a sizable position to protect, or sell the same bought put later if a good market correction occurred. But realistically, look at any funds that are involved in options and only a handful come close to returns near the index they're hedging. It's...
by patrick013
Thu Mar 09, 2017 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Open bond fund now or wait till Fed rate increase next week
Replies: 15
Views: 1235

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

I'd wait till April, it's only a few weeks. My forecaster calc's the 10 year TRSY at 3% in the short term. I actually found another big firm analyst that agrees with that. Information can be perfect or imperfect, reality or guesswork. The day after it happens we'll know the new price, the informati...
by patrick013
Thu Mar 09, 2017 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Open bond fund now or wait till Fed rate increase next week
Replies: 15
Views: 1235

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

I'd wait till April, it's only a few weeks. My forecaster calc's the 10 year TRSY at 3% in the short term. I actually found another big firm analyst that agrees with that. Information can be perfect or imperfect, reality or guesswork. The day after it happens we'll know the new price, the informatio...
by patrick013
Thu Mar 09, 2017 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: 59 1/2 today......suggestions?
Replies: 15
Views: 1023

Re: 59 1/2 today......suggestions?

I read an article this morning that suggested making withdrawals from the tIRA as soon as possible so RMD's would be less, and less taxable. This depends on the resources available (taxable, tax-deferred, Roth) vs. spending needs. Does that suggest spending the Roth first and make conversions in a ...
by patrick013
Thu Mar 09, 2017 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: 59 1/2 today......suggestions?
Replies: 15
Views: 1023

Re: 59 1/2 today......suggestions?

I'd certainly add to the tIRA or Roth as long as possible. I read an article this morning that suggested making withdrawals from the tIRA as soon as possible so RMD's would be less, and less taxable. Perhaps dividing the account balance by 20 or 30 to start, whatever your estimate of that would be, ...
by patrick013
Thu Mar 09, 2017 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Municipal Bonds Question
Replies: 29
Views: 2791

Re: Municipal Bonds Question

I usually go to HR Block anyway in case there's anything I forgot
or something new. But, the Wells Fargo paraphrase is one of
the better one's I've seen and I can get it within a few dollars usually. :)
by patrick013
Tue Mar 07, 2017 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: roth vs traditional 401k
Replies: 16
Views: 1026

Re: roth vs traditional 401k

Isn't a roth better than a tax deferred 401K for the reason that all the gains, dividends, growth in a roth is tax free vs. a traditional 401K? What am i missing here in my thinking? The missing factor is that the 401k is receiving tax credits every year. And that just drives an IRR calculator wild...
by patrick013
Tue Mar 07, 2017 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Need Suggested Asset Allocation For 401K
Replies: 3
Views: 235

Re: Need Suggested Asset Allocation For 401K

Tax-efficient Fund Placement The above basically says first, put your bonds in a tax-advantaged (retirement) account preferably 401k and/or tIRA. Put your international equities in a taxable account when you have a large foreign tax credit normally to apply. Lastly, put your domestic stocks into th...
by patrick013
Tue Mar 07, 2017 2:27 pm
Forum: Investing - Theory, News & General
Topic: discussions about individual stocks and mutual funds
Replies: 6
Views: 367

Re: discussions about individual stocks and mutual funds

Reality is stock traders don't beat the index.
Option traders don't beat the index.

From time to time questions come up concerning sectors,
stocks, but the main deal is get into the index.
by patrick013
Sun Mar 05, 2017 10:38 pm
Forum: Investing - Theory, News & General
Topic: Theory question about bond funds
Replies: 7
Views: 977

Re: Theory question about bond funds

http://myphotos.mypclinuxos.com/images/patrick013/tminusffr.png Here's a frequency distribution of the 10 year TRSY spread. Related to the OP's original question it looks like the spread is still within reason, about 1.5%. Not much change in NAV so it's just a small observation.
by patrick013
Sun Mar 05, 2017 6:38 pm
Forum: Investing - Theory, News & General
Topic: The Ultimate Guide to Safe Withdrawal Rates: A 2000-2016 case study
Replies: 31
Views: 4310

Re: The Ultimate Guide to Safe Withdrawal Rates: A 2000-2016 case study

This is a little basic but does get the job done. Say I have $1,000,000 saved for retirement and want the money to last 20 years. The first year I divide by 20 and make the withdrawal. The second year I take the remaining total plus any interest or gains and divide by 19 and make the with- drawal. C...
by patrick013
Sun Mar 05, 2017 2:07 pm
Forum: Investing - Theory, News & General
Topic: Theory question about bond funds
Replies: 7
Views: 977

Re: Theory question about bond funds

By buying or selling TRSY's the Fed can have a dramatic effect on interest rates, especially long term. They call it monetary policy but I usually think of it as an alteration of bond supply or price. I read once where if the Fed changes the FFR by 1% and the yield curve doesn't change they'll just ...
by patrick013
Sat Mar 04, 2017 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab 3-4 Fund Portfolio
Replies: 8
Views: 1201

Re: Schwab 3-4 Fund Portfolio

Market Cap Index ETFs - Schwab

Whatever VG would be use the Schwab equivalent. Mutual funds are
in the Mutual Fund tab.
by patrick013
Fri Mar 03, 2017 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: Municipal Bonds Question
Replies: 29
Views: 2791

Re: Municipal Bonds Question

I'm very comfortable with my fixed income allocation. Most of that is in funds but these investments were outliers so I wanted to check on them. I guess it was good to buy Munis in 2011. I don't see similar coupons currently. Well I'd say those bonds are going to be called. 1) Do an aggregate cash ...

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