Search found 87 matches

by schachtw
Mon Aug 06, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Medical expenses while on Medicare
Replies: 48
Views: 2516

Re: Medical expenses while on Medicare

Our financial adviser generated a retirement report and it showed that we should allow $12,233 for medical expenses once we both go on Medicare in roughly 12 years. Does the $12,233 sound reasonable? Thanks. Based on the medical budget that my wife and I have, it seems totally reasonable. We are bo...
by schachtw
Fri Aug 03, 2018 11:31 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 480
Views: 47503

Re: Post your Financial Milestone Announcements Here

Wife and I reached the 5M milestone upon retirement. We feel most fortunate.
by schachtw
Thu Jul 05, 2018 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: What I spent in 6 months on medicare
Replies: 159
Views: 12677

Re: What I spent in 6 months on medicare

6 month Medicare costs, for wife and myself:

Medicare part B: $1608 ($134/month for each)
BCBSIL Plan G: $1812 ($151/month for each)
Part D Basic: $290 (24.10/month for each)
Total monthly fixed costs: $620

Drugs YTD: 1,000
Dental YTD: 4,000

We budget 12-15K/year for medical costs.
by schachtw
Wed Jul 04, 2018 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: Terminating personal advisory service
Replies: 4
Views: 808

Re: Terminating personal advisory service

I used VG’s secure message application, stating I wanted to terminate being a VPAS client.

The termination process took 2-3 business days. All done, no problem.
by schachtw
Sat Jun 30, 2018 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 6407

Re: Vanguard is really pushing their Personal Adviser Service

In the FWIW category: My wife and I are fortunate to have achieved Flagship Select status. I contacted my assigned representative regarding the free portfolio review offered clients with our level. Note: our aggregate portfolio is very simple - AA 50/50, being a slight hybrid of the often mentioned ...
by schachtw
Thu Jun 28, 2018 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 6407

Re: Vanguard is really pushing their Personal Adviser Service

You folks live in a bubble. The Boglehead Bubble. The vast majority of people that I know have zero knowledge about investing. They have a "guy" that rips them off for 2-3% a year, frequently with front loads on top of that, so I don't begrudge Vanguard their .3%. They are a business, after all, no...
by schachtw
Tue Jun 26, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 161
Views: 15225

Re: Did you celebrate when you finally hit $1m?

I don’t mean to change the topic.

An ancillary question may be: what did you do when you lost 1M+, be it in 1987, 2000 or 2007-2008?
by schachtw
Wed Jun 13, 2018 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning- Trusts
Replies: 4
Views: 691

Re: Estate Planning- Trusts

I wish I understood this better as it is a question we Minnesotan's ask as well. We too have a spousal exemption, an estate tax exclusion that is significantly lower than the federal (headed to 3M in 2020 if memory serves me correctly) and no state portability. For those couples with assets only sl...
by schachtw
Tue Jun 12, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning- Trusts
Replies: 4
Views: 691

Estate Planning- Trusts

Bogleheads: I’ve been reading up on estate planning, AB trusts in particular. My wife and I live in Illinois where the estate exemption is currently 4 million, with no portability. I believe the federal estate exemption is currently just over 10 million per person with portability. Here’s my questio...
by schachtw
Fri Jun 01, 2018 5:42 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1937
Views: 353242

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

AA: 50% equities 48% bonds 2% cash

As of yesterday, even for the year.
Portfolio comprised of all VG MFs & ETFs.
by schachtw
Mon May 28, 2018 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Dilemma
Replies: 16
Views: 1744

529 Dilemma

My wife and I recently became 1st time grandparents. We are fortunate to be able to fund future educational expenses to help our son and his wife. We’ve looked into opening a 529 account with VG. All of our investments are with VG, and like the fact all accounts will be held at one institution. We l...
by schachtw
Mon May 07, 2018 10:07 am
Forum: Personal Consumer Issues
Topic: Warning: avoid Windows 10 update 1803
Replies: 96
Views: 11186

Re: Warning: avoid Windows 10 update 1803

Likewise as others have posted -
No problems with latest Windows 10 spring update. Took about 75 minutes in total elapsed time.
by schachtw
Mon May 07, 2018 8:22 am
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 18112

Re: What Percentage CASH are you?

67 retired.

2% cash - AA is: 50/48/2
by schachtw
Fri May 04, 2018 7:07 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 773
Views: 83021

Re: Netflix, Your Current Favorite Show

If you like Nordic Noir:

Borderline - Norwegian dectective drama (1 season to date)
Bordertown - Finish dectective drama (2 seasons to date)

Both excellent, very well done, very engaging.

As mentioned: Occupied is excellent as well. Not far from reality.
by schachtw
Tue Apr 24, 2018 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 244
Views: 31386

Re: How old are you and how much do you save for retirement a year

My wife and I are both 67.

Approx: 2.1M in IRA’s
Approx: 3.1M in Taxable

Fortunately, we don’t have to worry about savings.
by schachtw
Sat Apr 14, 2018 3:58 pm
Forum: Personal Consumer Issues
Topic: Delta Dental through AARP vs. Direct
Replies: 7
Views: 1050

Re: Delta Dental through AARP vs. Direct

My wife and I have been retired for a couple of years. We looked into obtaining Delta dental insurance, and I discussed it with our dentist. With the monthly premiums, waiting periods for certain procedures, reimbursement limits, etc., we decided to pass on it. Of course, I just completed paying off...
by schachtw
Wed Apr 11, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Prescription drug costs
Replies: 22
Views: 1483

Re: Prescription drug costs

Try Good RX, a free online discount company, that essentially gives you all of the negotiated "cash" prices of all of the pharmacies in the area you designate. I've also used Canadian companies for asthma inhalers. gasdoc +1 for using Canadian pharmacies. I’m always amazed as to what Part D drug pl...
by schachtw
Mon Apr 09, 2018 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Your Monthly Cost of Living
Replies: 66
Views: 7606

Re: Your Monthly Cost of Living

Monthly Expenses: Household (Essential): $3,215 Rent, utilities, cable, etc. Auto & Transportation (Essential): $380 Insurance, maintenance, fees, etc. Living Expenses (Essential): $925 Food, clothing, Costco, barber/beauty, etc. Medical/Heath (Essential): $1,400 Part D, supplemental insurance, dent...
by schachtw
Sat Apr 07, 2018 3:08 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 13707

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

Wife and I retired, both 67.
AA is 50/47.5/2.5

Tax deferred accounts: 100% bonds
Taxable accounts: 85% equities, 15% tax free bonds
by schachtw
Sun Apr 01, 2018 4:52 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1937
Views: 353242

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

Down 0.5% YTD. Rolling 12 month performance
(March 17 - March 18) up 10.3%

50/50 AA
by schachtw
Sun Mar 18, 2018 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services Fees
Replies: 49
Views: 4789

Re: Vanguard Personal Advisory Services Fees

I keep my wife's $3 million with PAS. Our advisor, whom we only talk to annually by our choice, recently told us that "We are his least demanding clients". $3,000,000 x .003 = $90,000/year or $7,500/month. So, is that a $90,000 conversation once each year? I believe you’re off by a factor of 10. .3...
by schachtw
Mon Mar 12, 2018 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation once you've passed your "number"
Replies: 41
Views: 3811

Re: Asset Allocation once you've passed your "number"

Wife and I retired three years ago, each 67. Wife is drawing SS and pension, I’m taking spousal SS and will file for my own benefit at age 68 (compromise between 66 and 70). Currently drawing 1% from taxable to make up difference. Have 25X yearly expenses saved. Will stay at 55/45 AA, indefinitely.
by schachtw
Sat Mar 10, 2018 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: ICMA - Vantage Point Portfolio
Replies: 3
Views: 233

ICMA - Vantage Point Portfolio

Boglehead Community: My son (33 and married) has 457B retirement account through ICMA, the only option the municiplaity he works for offers. The fund choices are limited, and the expense ratios for the available funds are outrageous. The cheapest ER they have is .95%, and that's for the 5/6 index fu...
by schachtw
Sun Mar 04, 2018 12:05 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Flagship Select Services
Replies: 17
Views: 3075

Re: Vanguard Flagship Select Services

FYI: Vanguard Trust Services does utilize VPAS, it’s a requirement. In addition to the fee structure of PAS, there’s an additional 0.2% for the Trust administration. Trusts must be >= 500K. You cannot hire VG, to solely distribute funds from a revocable Trust. Sachachtw - surprised by what you are ...
by schachtw
Sat Mar 03, 2018 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Flagship Select Services
Replies: 17
Views: 3075

Re: Vanguard Flagship Select Services

FYI:

Vanguard Trust Services does utilize VPAS, it’s a requirement.

In addition to the fee structure of PAS, there’s an additional 0.2% for the Trust administration. Trusts must be >= 500K.

You cannot hire VG, to solely distribute funds from a revocable Trust.
by schachtw
Sat Feb 10, 2018 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Consumption Smoothing - ESPlanner
Replies: 2
Views: 408

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: 2814

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: 33348

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: 4802

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: 480
Views: 47503

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: 5560

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: 8780

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: 5560

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: 680

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: 249
Views: 35966

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: 49
Views: 4789

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: 49
Views: 4789

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: 3657

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: 747
Views: 210526

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: 1937
Views: 353242

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: 2763

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: 3759

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: 3759

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: 143
Views: 26240

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: 594

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: 30870

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: 487

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: 4539

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: 2106

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: 1931

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.