Search found 62 matches

by schachtw
Sat Feb 10, 2018 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Consumption Smoothing - ESPlanner
Replies: 2
Views: 302

Re: Consumption Smoothing - ESPlanner

I’m using it, and found it somewhat informative. Meaning after entering all expenses, receipts, basic required inputs (SS, pensions, housing etc.) it generates a hypothetical discretionary spending dollar amount. Note, the number generated is dependent on any number of variables. Some are: life expe...
by schachtw
Sat Feb 10, 2018 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: your assets - now verses end of year?
Replies: 38
Views: 2386

Re: your assets - now verses end of year?

Guilty as charged, I also peaked.

Down 1.4% (75K), from the 12/31/17 closing. No changes planned.
by schachtw
Thu Feb 08, 2018 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 30396

Re: Anyone tired of the stock market going up?

I don’t think it’s a concern any more.
by schachtw
Wed Feb 07, 2018 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Retired or close to it -- what do you hold in bond portion?
Replies: 41
Views: 3990

Re: Retired or close to it -- what do you hold in bond portion?

Wife & I are both 67, and retired. AA is 50/50 Tax Deferred (100% bonds) 55% Total Bond - VBTLX 20% Total Intl Bond - VTABX 16% Investment Grade Intermediate - VFIDX 9% Investment Grade Short Term - VFSUX Taxable (15% tax free bonds) 10% Intermediate Tax Exempt - VWIUX 5% Limited Term Tax Exempt - V...
by schachtw
Thu Feb 01, 2018 8:04 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 184
Views: 13212

Re: Post your Financial Milestone Announcements Here

I’m only comfortable posting something like this on the forum.

2017 saw my wife and I hit the 5M mark. Our son and daughter-in-law are expecting soon, we’ll do our best to spoil them (within reason of course)!

We feel very fortunate.
by schachtw
Thu Feb 01, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone not rebalance?
Replies: 66
Views: 4591

Re: Does anyone not rebalance?

I will not pay capital gains tax in order to rebalance. In tax advantaged accounts I rebalance. Our AA has exceeded the 5% rebalancing band. Currently at 56/44, whereas our IPS calls for 50/50. Can only rebalance in taxable accounts, as our IRAs are already 100% bonds. The dilemma of rebalancing me...
by schachtw
Wed Jan 31, 2018 5:31 pm
Forum: Investing - Theory, News & General
Topic: Alan Greenspan says there are bubbles in both stocks and bonds
Replies: 87
Views: 7920

Re: Alan Greenspan says there are bubbles in both stocks and bonds

Greatness wrote:
Wed Jan 31, 2018 3:57 pm
I think he has dementia. I wouldn't listen to a word this person says. He caused the original case of "irrational exuberance". He's just blowing his own horn for his ego @ 91.
+1
Ignore him. His time has come and gone.
by schachtw
Sun Jan 28, 2018 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone not rebalance?
Replies: 66
Views: 4591

Re: Does anyone not rebalance?

I will not pay capital gains tax in order to rebalance. In tax advantaged accounts I rebalance. Our AA has exceeded the 5% rebalancing band. Currently at 56/44, whereas our IPS calls for 50/50. Can only rebalance in taxable accounts, as our IRAs are already 100% bonds. The dilemma of rebalancing me...
by schachtw
Fri Jan 26, 2018 4:51 pm
Forum: Investing - Theory, News & General
Topic: Wellesley Global Income - VGYAX
Replies: 1
Views: 521

Wellesley Global Income - VGYAX

I’ve been trying to figure out the Bond component breakdown of this fund without much success. The available literature states approximately 65/35 bonds to stocks. I sent up a separate group in VG’s portfolio watch with VGYAX as the sole entry, and the results look suspect. Bond analysis shows 100% ...
by schachtw
Sun Jan 21, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 219
Views: 27106

Re: Does anyone here with net worths north of $1 mil use financial advisors?

smitcat wrote:
Fri Oct 20, 2017 4:58 pm
We did in the past but it was costing us a lot of money for middle of the road advice.
So .... currently and for the future no.
+1
Likewise, we were VPAS clients for approximately 15 months. Ultimately we decided the benefit wasn’t commensurate with the fee structure.
by schachtw
Sat Jan 13, 2018 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services Fees
Replies: 33
Views: 2297

Re: Vanguard Personal Advisory Services Fees

sport wrote:
Sat Jan 13, 2018 3:29 pm
Does the percentage used for Vanguard fees decrease for larger portfolios? Is it 0.30% regardless of the portfolio size?
The fees are stepped:

< 5 million is 0.30% per quarter.
>= 5 & < 10 million is 0.20% per quarter
Not sure of the rates beyond 10M
by schachtw
Sat Jan 13, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services Fees
Replies: 33
Views: 2297

Re: Vanguard Personal Advisory Services Fees

I believe VPAS overcharges for what they offer. Basically a LS Fund broken into smaller parts for 30 basis points. That being said, My wife knows to call VPAS immediately upon my death and sign up. The alternatives to VPAS are much worse. Regards, John +1 My wife has been instructed to do likewise....
by schachtw
Wed Jan 10, 2018 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard e-delivery
Replies: 34
Views: 3342

Re: Vanguard e-delivery

My wife and I each have revocable trust accounts at VG. We have e-delivery for our documents, and have no issues.

The paper trail generated is when we change our passwords. For this, VG understandably sends an acknowledgment letter.
by schachtw
Sun Jan 07, 2018 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 719
Views: 188788

Re: Share your net worth progression

Two years in particular stand out:
End of 1998 - 1 million
End of 2017- 5.2 million

Feel very fortunate.
by schachtw
Sat Dec 30, 2017 10:11 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1752
Views: 312042

Re: What are you up YTD? [Year To Date]

Through 11/30 up 14.1%. Portfolio AA is 50/50, we’re more than pleased.
by schachtw
Sun Dec 24, 2017 12:44 am
Forum: Investing - Help with Personal Investments
Topic: Automatic RMDs to be effected by Vanguard
Replies: 23
Views: 2500

Re: Automatic RMDs to be effected by Vanguard

I just went through this with my 1st RMD from an inherited IRA. The RMD trade date was 12/15/17. The trade settled on 12/18/17. The funds were to be automatically transferred to a VG taxable account. The funds appeared in the sweep account on 12/19, as it showed in transaction history. Hope this hel...
by schachtw
Wed Dec 13, 2017 12:17 am
Forum: Personal Finance (Not Investing)
Topic: Thanks! We just let our VG PAS advisor go...
Replies: 14
Views: 3356

Re: Thanks! We just let our VG PAS advisor go...

Reflecting on our VPAS termination - Yes, the advisor did call me after receiving our request. I’d categorize it as more of “are you sure you want to do this” type of call. It was not a hard sell by any means. When he realized we weren’t going to change our position, he thanked us for the opportunit...
by schachtw
Sun Dec 10, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Thanks! We just let our VG PAS advisor go...
Replies: 14
Views: 3356

Re: Thanks! We just let our VG PAS advisor go...

I terminated our VPAS agreement a couple of months ago. I sent our advisor an email with an attached word document outlining the reasons why. He did contact me and explained all of the value VPAS brought to the table. I politely thanked him for his service, but told him to process our request. The t...
by schachtw
Thu Dec 07, 2017 12:35 am
Forum: Personal Consumer Issues
Topic: Re: Where to buy a Vanguard hat? An Update and good news
Replies: 122
Views: 21019

Re: Where to buy a Vanguard hat? An Update and bad news

I emailed Connie Caldwell requesting to purchase a red VG baseball hat w/Vanguard in white embroidered lettering.

She called the next day, I provided my mailing address and CC number. The cost was $9.53.

Great deal and the hat looks great.
by schachtw
Fri Dec 01, 2017 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Service Adviser Question
Replies: 4
Views: 528

Re: Vanguard Personal Service Adviser Question

The fees are deducted quarterly from the accounts. By default, VPAS will take .03% from each account enrolled. If you want to aggregate fees, into fewer account(s) then you need to inform the advisor.
by schachtw
Fri Nov 24, 2017 8:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard has switched to brokerage only accounts
Replies: 126
Views: 25072

Re: Vanguard has switched to brokerage only accounts

Upon logging into your account, under account balances, there’s an option to download balances and transaction activity. Simply pick the appropriate period (YTD) option, and for each account selected all transactions will be downloaded (sorted by account and date). Hope everyone had a happy Thanksgi...
by schachtw
Mon Nov 06, 2017 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review
Replies: 3
Views: 412

Portfolio Review

Overview: I'm 67 and my wife is 66, we're both retired. My wife is taking her SS, I'm collecting spousal SS (most likely until March 2019). Target AA is 50/50. Dividends from Equity Funds generates ~ 48K, and tax free bonds generate ~9K (yearly). This income plus our SS and my wife's pension covers ...
by schachtw
Sat Oct 21, 2017 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: New for Vanguard!
Replies: 28
Views: 4220

Re: New for Vanguard!

Informative article on the two new Global Wellington & Wellesley funds.

Gives pct breakdown between US and foreign equities for each.

https://www.google.com/amp/s/seekingalp ... sley-funds
by schachtw
Mon Oct 16, 2017 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Alternative to Vanguard PAS (dreadful service)
Replies: 16
Views: 1823

Re: Alternative to Vanguard PAS (dreadful service)

You're correct.

VG trust services utilizes VPAS. As I understand,
the annual fee is .05%.
.02% for trust services + .03% for VPAS
by schachtw
Thu Oct 12, 2017 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: 2050 Target Retirement Fund
Replies: 11
Views: 1674

Re: 2050 Target Retirement Fund

My son has his Roth IRA exclusively in the VG 2050 TDF. It's done well for him in the 7/8 years he's been investing in the fund.

I don't believe he has any reason not to continue to invest in the fund every year.
by schachtw
Sat Oct 07, 2017 11:10 am
Forum: Investing - Theory, News & General
Topic: Flagship Reps
Replies: 91
Views: 9713

Re: Flagship Reps

I've had the same Flagship representative since I transferred my assets to VG.

He's always attentive, responds in timely fashion to voicemail. Occasionally, if not available, I'll take the next VG Flagship rep who answers the call. No problem on that front either.
by schachtw
Fri Sep 29, 2017 4:53 pm
Forum: Personal Consumer Issues
Topic: Is the new Chevy Equinox any good?
Replies: 59
Views: 6577

Re: Is the new Chevy Equinox any good?

I would never buy a GM product. Given their corporate behavior with the ignition recall effort a couple years ago, no way would I trust anything they built.

Just my $0.02
by schachtw
Mon Sep 25, 2017 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: Simplifying portfolio
Replies: 43
Views: 3922

Re: Simplifying portfolio

Can I ask what 5 VG funds the advisor is recommending?
by schachtw
Fri Sep 22, 2017 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: How long did it take for Equifax to email you a security sign up?
Replies: 69
Views: 6071

Re: How long did it take for Equifax to email you a security sign up?

As a follow up: Signed up on 9/13, and received the email confirmation yesterday- 8 days later. Completed enrollment process on the same day. Attempted to login today, and couldn't access the website at first. It turns out the website is available intermittently and response is very slow. Equifax ca...
by schachtw
Fri Sep 22, 2017 2:53 pm
Forum: Personal Consumer Issues
Topic: Equifax TrustedId login
Replies: 2
Views: 383

Equifax TrustedId login

Finally got my email acknowledgement late Wednesday evening (8 days later), and signed up.

Try to login today, and the site isn't responding. Tried it on my cell phone as well, and can't reach the site there either. Anyine else having the same problem?
by schachtw
Mon Sep 18, 2017 5:23 pm
Forum: Personal Consumer Issues
Topic: Memory Foam Mattress Recomendations
Replies: 51
Views: 5155

Re: Memory Foam Mattress Recomendations

Check out winkbeds (winkbeds.com). It's a hybrid foam and spring mattress.

Purchased it last spring, very happy with it.
by schachtw
Mon Sep 18, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: How long did it take for Equifax to email you a security sign up?
Replies: 69
Views: 6071

Re: How long did it take for Equifax to email you a security sign up?

Enrollment date was last Wednesday, 9/13.
Still waiting for email response, hopefully within the next couple of days. . .
by schachtw
Mon Sep 11, 2017 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 28483

Re: How much money do you want to retire?

Never figured out how much we wanted/needed for retirement. However, my wife and I did retire at 65 with 5M.

Lots of hard work, living below our means, sticking with VG funds and some luck along the way. For sure, we feel very fortunate.
by schachtw
Mon Sep 04, 2017 7:30 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1752
Views: 312042

Re: What are you up YTD? [Year To Date]

Age 67, retired.
AA is 50/50

Up 8.7% YTD
by schachtw
Mon Aug 28, 2017 1:52 pm
Forum: Personal Consumer Issues
Topic: T-Mobile promotion for 55+
Replies: 92
Views: 10720

Re: T-Mobile promotion for 55+

After reviewing this thread, I called Verizon and told them I was contemplating switching to T-Mobile's 55+ plan. The rep looked up the details on their website, and offered me the following: For 2 lines, a 75% reduction in line access charges. From $20/line to $5/line. They also doubled my data fro...
by schachtw
Fri Aug 04, 2017 12:47 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 28483

Re: A poll: How much money do you want to retire?

My wife & I will be 67 late this year. We've accumulated
5 million. I believe we're set.
by schachtw
Thu Jul 27, 2017 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: ICMA or TransAmerica
Replies: 3
Views: 497

ICMA or TransAmerica

My son works in the public sector (fireman) and currently has a 457 plan administered by ICMA. He understands the value of saving, and has a considerable sum saved/invested (which I manage for him). However, he has little interest in finance; I'm trying to change that albeit slowly. The ICMA Vantage...
by schachtw
Fri Jul 21, 2017 12:24 am
Forum: Investing - Help with Personal Investments
Topic: Which cost basis is best average cost or FIFO
Replies: 17
Views: 1673

Re: Which cost basis is best average cost or FIFO

Vanguard also has a cost basis of HIFO, highest in, first out. Similar to spec-id, but Vanguard does all the work.
by schachtw
Mon Jun 05, 2017 11:14 pm
Forum: Personal Consumer Issues
Topic: Black and white laser printers
Replies: 43
Views: 3302

Re: Black and white laser printers

Thanks All:

Going with Brother. Appreciate all of the feedback.
Regards,
Wayne
by schachtw
Sun Jun 04, 2017 4:33 pm
Forum: Personal Consumer Issues
Topic: Black and white laser printers
Replies: 43
Views: 3302

Black and white laser printers

I'm looking to purchase a B&W laser jet printer. It needs to have: copy, fax,scan capability and Ethernet connectivity. Duplex printing is a nice to have, but not critical. I'm considering 3 models: 1. HP MFP 130 fw 2. Brother MFC L2720 dw 3. Cannon MF 247dw Does anyone have any first hand experienc...
by schachtw
Tue May 16, 2017 6:30 am
Forum: Personal Consumer Issues
Topic: Beware Citibank Bonus Promotion
Replies: 39
Views: 7319

Re: Beware Citibank Bonus Promotion

I'm a Citibank customer, and got suckered into one of their promotions last May. It was advertised as their 10X program, 10 times the normal interest being offered. As previously discussed, the money had to remain on deposit for at least 90 days. I deposited 200K, thinking that in 90 days I would be...
by schachtw
Tue Apr 04, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Medigap Plan F Increases
Replies: 37
Views: 3381

Re: Medigap Plan F Increases

Age 66
BCBSIL Medigap Plan F (select)
2016 - $148
2017 - $151 2% increase

I feel lucky based on some of the other replies.
by schachtw
Sat Apr 01, 2017 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: Is anyone decreasing % of bonds this year?
Replies: 91
Views: 8849

Re: Is anyone decreasing % of bonds this year?

Staying with our 50/50 allocation. Stock component had grown to 56%, sold some to rebalance back to 50%.

Sticking to our financial plan, is the smartest course for me to take.
by schachtw
Tue Mar 07, 2017 8:57 pm
Forum: Personal Consumer Issues
Topic: Traveling to Japan
Replies: 37
Views: 4650

Traveling to Japan

My wife and I will be traveling to Japan next month. I've read pros and cons about renting a pocket Wi-Fi device while there. Two weeks costs approximately $80 USD. Looking for any thoughts on the above as well as recommendations regarding sites to visit and restaurants to try in Tokyo and Kyoto. La...
by schachtw
Thu Jan 26, 2017 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: How much does a Trust cost these days?
Replies: 22
Views: 2964

Re: How much does a Trust cost these days?

Based on personal experience- My father had a revocable trust created many years ago for a flat fee. I believe it was relatively inexpensive. When he passed away in March of 2016, I contacted the lawyer who created the trust, will, etc. He told me, it's simple, I can tell you the steps involved. I r...
by schachtw
Wed Jan 25, 2017 8:47 pm
Forum: Personal Consumer Issues
Topic: What is a good laptop to buy?
Replies: 90
Views: 9158

Re: What is a good laptop to buy?

I purchased a Lenovo 510S, and am very pleased.

It's not an ultra notebook, but I wasn't concerned with portability. Comes with a built in network port, so no dongle is necessary, however a DVD drive is optional.

1TB drive or 255GB SSD are the storage options. Approximately $800
by schachtw
Thu Jan 12, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: social security calculation
Replies: 41
Views: 3804

Re: social security calculation

I bought the SS software from Larry Kotlikoff,
at Maximizemysocialsecurity.com.

One year license is $40. For me, it was worth every penny. Changed my filing strategy, and as a result
will come out thousands ahead over projected life span


Go to the website and decide for yourself.
by schachtw
Tue Jan 03, 2017 1:20 am
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 33589

Re: Whats your number to walk away?

Retired couple both 66

Retired 18 months ago, current portfolio value is
4.8 mm. Drawing 3.3% per year, not counting social security.
by schachtw
Sun Jan 01, 2017 1:47 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1752
Views: 312042

Re: What are you up YTD? [Year To Date]

Retired couple -
50% / 50% portfolio
Taxable accounts 90% VG equity ETFs and Funds
10% tax fee bond funds
Tax Deferred 100% Bond Funds (40% of total)

Up 7.23% for the year. Very happy with results.
by schachtw
Fri Dec 23, 2016 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax available
Replies: 12
Views: 2860

Re: TurboTax available

I'm a relatively new Vanguard (VPAS) account holder.
Does Vanguard offer Turbo Tax free of charge for customers at this level?

Happy Holidays to all -