Search found 98 matches

by schachtw
Sun Nov 11, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs in the year one becomes 70 1/2
Replies: 24
Views: 1846

Re: RMDs in the year one becomes 70 1/2

The first RMD does not have to be taken by 70.5
Per the IRS:

Your first RMD must be taken by April 1 of the year after you turn 70½. Subsequent RMDs must be taken by December 31 of each year. If you don't take your RMD, you'll have to pay a penalty of 50% of the RMD amount.
by schachtw
Thu Nov 08, 2018 11:06 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 301
Views: 45454

Re: Whats your number to walk away?

Wife and I both 67, retired for two years.
Have saved, accumulated 5MM.

Quite happy with that number.
by schachtw
Wed Nov 07, 2018 8:15 pm
Forum: Personal Consumer Issues
Topic: Self publishing help needed
Replies: 2
Views: 259

Self publishing help needed

Bogleheads:

My wife has written and has associated illustrations for a children’s book. We need help and advice on self publishing and printing.

Any help and assistance is greatly appreciated.
by schachtw
Wed Nov 07, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 46
Views: 4390

Re: How much money did you receive from family? (Gifts/inheritance)

My parents were blue collar, working class people. My father was a ‘saver’, going to a restaurant for dinner every couple of weeks was a treat.

When my father passed, my brother and I each inherited
an IRA worth 100K, and taxable CDs worth 200K.

We feel very fortunate.
by schachtw
Sat Nov 03, 2018 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Flagship Select
Replies: 12
Views: 3547

Re: Vanguard Flagship Select

Please let us know if you find any difference in service or helpfulness when you reach that level. Actually, I found my Flagship representative to be much more responsive to our needs. The Flagship Select rep, not so much. For our personal situation, not any material difference in VG offerings. Jus...
by schachtw
Thu Nov 01, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Flagship Select
Replies: 12
Views: 3547

Re: Vanguard Flagship Select

Be proactive, call your rep and request the change in status.

If you wait for VG, you’ll be waiting awhile.
by schachtw
Thu Nov 01, 2018 6:31 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2001
Views: 372394

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

Retired, AA: 48/47/5
All VG funds and etf’s

As of today’s close down 2.0% YTD.
by schachtw
Tue Oct 30, 2018 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as a trustee
Replies: 33
Views: 3069

Re: Vanguard as a trustee

3. Will only deal with irrevocable trusts, although a revocable trust becomes irrevocable upon death. Examined on a case by case basis Could you please clarify this comment. My RLT appoints Vanguard as successor trustee upon either my disability or death. In the event of my disability they would th...
by schachtw
Tue Oct 30, 2018 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as a trustee
Replies: 33
Views: 3069

Re: Vanguard as a trustee

FYI: I looked into using VG Trust Services, and learned the following: 1. They require VPAS to manage any VG assets. The normal step fees will apply. 2. The yearly Trust Administration fee is .2%, making the total yearly fee .5% (at a minimum). 3. Will only deal with irrevocable trusts, although a r...
by schachtw
Tue Sep 11, 2018 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: How to get an asset based mortgage
Replies: 4
Views: 471

Re: How to get an asset based mortgage

Greetings, I am looking at buying a new house prior to selling my current one. My problem is I cannot qualify for a mortgage because I do not have any earned income. I am FIRE and living off a slow withdrawal of my nestegg, which is all in a non-retirement account. I know I am unable to get a mortg...
by schachtw
Thu Aug 30, 2018 3:26 pm
Forum: Investing - Theory, News & General
Topic: Taxable account cost basis. Specific ID, FIFO or average cost?
Replies: 18
Views: 1306

Re: Taxable account cost basis. Specific ID, FIFO or average cost?

There is an additional cost basis method which VG doesn’t advertise at all (not sure why). It’s HIFO - highest in first out.

It’s available for all ETFs and MFs, I only use it for my equity holdings. The only catch is this method must be done by a VG representative over the phone.
by schachtw
Mon Aug 06, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Medical expenses while on Medicare
Replies: 48
Views: 2773

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: 511
Views: 58580

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: 162
Views: 14425

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: 839

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: 6671

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: 6671

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: 209
Views: 22398

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: 754

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: 754

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: 2001
Views: 372394

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: 1845

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: 117
Views: 13874

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: 18787

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: 928
Views: 100894

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: 32754

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: 1129

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: 1568

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: 8018

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: 15240

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: 2001
Views: 372394

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: 5210

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: 3978

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: 278

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: 3418

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: 3418

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: 457

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: 3028

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: 34476

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: 5118

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: 511
Views: 58580

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: 5881

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: 9203

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: 5881

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: 748

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: 36843

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: 5210

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: 5210

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: 3839

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: 752
Views: 219645

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.