Search found 56 matches

by daacrusher2001
Wed Nov 04, 2020 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: If you have a pension, how do you view it?
Replies: 203
Views: 14375

Re: If you have a pension, how do you view it?

My pension has always been in my plan as fixed income. I could, and may, take a lump sum (have to decide by March). But...I set my fixed income as: My Pension Wife's Pension My SS Wife's SS That way, I have a good base that I can pretty much count on, barring anything crazy happening. That leaves me...
by daacrusher2001
Thu Oct 29, 2020 5:33 am
Forum: Personal Investments
Topic: Retired young - what to do with 401k from employer?
Replies: 25
Views: 3561

Re: Retired young - what to do with 401k from employer?

IIRC there are different rules for early withdrawals from a 401K and a self directed IRA. When I did my rollover they informed me of this. I don't recall the details but you should check that out. FWIW - I have rolled several 401Ks into my IRA. No ill effects and a much broader set of investments to...
by daacrusher2001
Mon Oct 26, 2020 10:10 am
Forum: Investing - Theory, News & General
Topic: Will I really need 80% replacement during retirement?
Replies: 118
Views: 10707

Re: Will I really need 80% replacement during retirement?

As I approach retirement - likely next year - I have simply used my current spending to model what I'll need. It might be more or less once I get into retirement. We'll see. It depends on several factors. That number is ~60% of our work income. All investment income has been reinvested fully. Not sp...
by daacrusher2001
Thu Oct 22, 2020 5:52 am
Forum: Investing - Theory, News & General
Topic: Rethinking bonds
Replies: 78
Views: 8216

Re: Rethinking bonds

[/quote] dacrusher - 2% distibution on total bond is not accurate..30 day yield is 1.1% and will further decline as time goes on. Like I said, the only upshot with bonds is if rates go negative. I am using cash as my bond substitute. [/quote] I don't disagree with the very limited upside to bonds. S...
by daacrusher2001
Wed Oct 21, 2020 9:36 am
Forum: Investing - Theory, News & General
Topic: Rethinking bonds
Replies: 78
Views: 8216

Re: Rethinking bonds

Interest rates are not going higher any time soon... Fed will keep overnight rates zero bound and will (very likely) continue to buy bonds to keep rates across the yield curve low/flat primarily to support real-estate values and mortgages. So, the Fed "put" is in action. The real question...
by daacrusher2001
Tue Oct 20, 2020 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Endowment Policy...I don't know what this is
Replies: 7
Views: 903

Re: Endowment Policy...I don't know what this is

Turns out it was a family policy for $5K, initiated 60 years ago, which pays out $1000+Interest if the death benefit is unused by age 85 (the policy holder's age). So, she'll get a little over $1K but not until March - as the company had the dates wrong. :sharebeer
by daacrusher2001
Mon Oct 19, 2020 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Endowment Policy...I don't know what this is
Replies: 7
Views: 903

Re: Endowment Policy...I don't know what this is

Endowment policies often provide for a payout of life insurance proceeds, including any interest earned, when the insured reaches a particular age. In other words the insured need not pass away for the policy proceeds to be payable. So she simply collects the policy proceeds herself. The endowment ...
by daacrusher2001
Sun Oct 18, 2020 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Endowment Policy...I don't know what this is
Replies: 7
Views: 903

Endowment Policy...I don't know what this is

Hi All, my MIL (82yrs old) received a letter from a well known insurance company that her life insurance policy matures in November in the amount of $601.75. It says that at that time, her insurance coverage ends and the maturity proceeds are payable to her. It shows the endowment as being $500, and...
by daacrusher2001
Wed Oct 14, 2020 9:01 am
Forum: Investing - Theory, News & General
Topic: Confused by Bogle's apparent dislike of ETFs
Replies: 103
Views: 8612

Re: Confused by Bogle's apparent dislike of ETFs

So someone had posted this link the other day: https://www.advisorperspectives.com/articles/2018/01/22/uneasy-lies-the-head-that-wears-a-crown-a-conversation-with-jack-bogle I was reading through the article enjoying it until I got to the final part where he basically called ETFs a loser's game. I ...
by daacrusher2001
Tue Oct 13, 2020 10:00 am
Forum: Investing - Theory, News & General
Topic: The Wrong Way to Think About Debt - The White Coat Investor
Replies: 215
Views: 26312

Re: The Wrong Way to Think About Debt - The White Coat Investor

I'm 61, have been debt free for awhile now. It's honestly liberating. The only debt I use now is interest free - for example, I bought a $2800 luxury item last year with zero down and 18 months interest free. I do this from time to time. I could pay cash, but have the cashflow and I'd rather leave ...
by daacrusher2001
Mon Oct 12, 2020 6:18 pm
Forum: Investing - Theory, News & General
Topic: The Wrong Way to Think About Debt - The White Coat Investor
Replies: 215
Views: 26312

Re: The Wrong Way to Think About Debt - The White Coat Investor

I'm 61, have been debt free for awhile now. It's honestly liberating. The only debt I use now is interest free - for example, I bought a $2800 luxury item last year with zero down and 18 months interest free. I do this from time to time. I could pay cash, but have the cashflow and I'd rather leave m...
by daacrusher2001
Thu Oct 08, 2020 7:52 am
Forum: Personal Investments
Topic: PONAX - help me understand it
Replies: 9
Views: 923

Re: PONAX - help me understand it

I like PONAX. That being said, it is very actively managed. Both in the degree of what they do things and how they shift around. Every year I spend some time picking apart the even more exotic Pimco Total Return Fund. So let us review your options. First, why care about the dividend? As somebody wh...
by daacrusher2001
Wed Oct 07, 2020 2:24 pm
Forum: Personal Investments
Topic: PONAX - help me understand it
Replies: 9
Views: 923

PONAX - help me understand it

Hi All...I have a chunk of money in PONAX. For a while it has paid a pretty good dividend. The fund NAV dropped ~13% in March during the market crash - which I was not expecting. It's gradually recovering but they recently cut the dividend. Maybe I don't really understand this fund...for those that ...
by daacrusher2001
Wed Sep 23, 2020 10:42 am
Forum: Personal Investments
Topic: How Many Brokerage Companies Are Too Many?
Replies: 45
Views: 2901

Re: How Many Brokerage Companies Are Too Many?

I was using Schwab, TD Ameritrade, Vanguard, and Fidelity at one time...plus Credit Union, TD Bank, Ally Bank. It's a pain keeping track of them all. I've dropped only TD so far, but will likely drop Fidelity when I stop working (401K). I like at least two...less worried about default than I am abou...
by daacrusher2001
Fri Sep 18, 2020 2:41 pm
Forum: Personal Investments
Topic: Decision time...to lump sum or not to lump sum
Replies: 24
Views: 2260

Re: Decision time...to lump sum or not to lump sum

Thanks, everyone, for your insights. I'm going to spend some time this weekend to consider everything...I really have to rethink the Roth conversions. I'm with the majority on this one. Since it sounds like your wife will have a pension (you said she can't lump sum), and since you'll get Social Secu...
by daacrusher2001
Thu Sep 17, 2020 1:57 pm
Forum: Personal Investments
Topic: Decision time...to lump sum or not to lump sum
Replies: 24
Views: 2260

Decision time...to lump sum or not to lump sum

Hi All...I hope there is enough detail here: I'm struggling with deciding on whether to take a lump sum or not. I asked about this a long while back, but many things have changed since then. I was leaning towards taking an annuity payout - but now I'm not sure. I've read a ton of material on this to...
by daacrusher2001
Wed Aug 26, 2020 9:19 am
Forum: Personal Investments
Topic: Roth conversion - I could use a little help on timing
Replies: 9
Views: 821

Re: Roth conversion - I could use a little help on timing

Thanks for the feedback.

I'm likely going to wait until my likely taxes are much lower than now. Of course, I have no idea if taxes will change by next year, but either way, my income will drop considerably the first two years I'm retired prior to my SS, my wife's SS, and her pension.
by daacrusher2001
Tue Aug 25, 2020 10:28 am
Forum: Personal Investments
Topic: Roth conversion - I could use a little help on timing
Replies: 9
Views: 821

Roth conversion - I could use a little help on timing

Hi All, After quite a bit of reading (here, and elsewhere) and listening to podcasts with respect to Roth conversions, I'm thinking I should plan for converting some of my IRA to a Roth - but I'm unclear on the best timing. I'm still working full time, as is my wife. I'm likely going to retire by en...
by daacrusher2001
Wed Aug 12, 2020 6:50 am
Forum: Personal Investments
Topic: Short Term Treasury vs. Short Term Federal
Replies: 15
Views: 1275

Re: Short Term Treasury vs. Short Term Federal

What is the likelihood that all MBS will default? I am not advocating for them. Risk is a word that gets thrown around a lot. Risk is everywhere, and you can't mitigate 100% of it. Not all risk will be realized, nor will it always have a big impact if realized. In some ways it seems like the desire ...
by daacrusher2001
Tue Aug 11, 2020 2:13 pm
Forum: Personal Investments
Topic: Short Term Treasury vs. Short Term Federal
Replies: 15
Views: 1275

Re: Short Term Treasury vs. Short Term Federal

How risky are MBS in a bond fund?

I see this mentioned a lot...I'm wondering how risk it really is to have them in the fund?
by daacrusher2001
Mon Aug 10, 2020 3:41 pm
Forum: Investing - Theory, News & General
Topic: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.
Replies: 166
Views: 20780

Re: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.

I have moved to a significantly more conservative AA - I did this around mid-2019 [can't recall exactly when]. If I factor in cash may AA is probably 10/85/5 stock/bond/cash. This is after many years of an AA that ranged from 100% stocks to gradually reaching 60/40. I was not intending to stay so co...
by daacrusher2001
Sat Aug 08, 2020 5:37 pm
Forum: Investing - Theory, News & General
Topic: Negative Interest Rates: What's the Big Deal?
Replies: 69
Views: 5183

Re: Negative Interest Rates: What's the Big Deal?

In most cases you lose money. People complicate it, but it is really easy. If rates are negative, then all else equal, you lose money. Period. Speculating that rates *might* go down is just speculation. Point taken. So what does one do? Someone who say, has all his retirement fixed income in interm...
by daacrusher2001
Fri Aug 07, 2020 10:01 am
Forum: Investing - Theory, News & General
Topic: Carry on or Take your toys and go home ?
Replies: 102
Views: 9349

Re: Carry on or Take your toys and go home ?

I've hesitated to get involved in these discussions since I'll likely get criticized, but...wth... For me, it came down to timing. I plan to retire in a year. I'd be lying if I said I know what my retirement expenses will be - while that sounds absurd, I'm sure, the reality is I know what it costs t...
by daacrusher2001
Thu Aug 06, 2020 11:16 am
Forum: Personal Investments
Topic: Is Vanguard still good?
Replies: 42
Views: 3405

Re: Is Vanguard still good?

I haven't had any problems with Vanguard and have had a large account there for a long time. I don't like their technology - but cost-wise and for fund selections it's fine. I also use Schwab and Fidelity. Fidelity is imposed on me by my company for 401K. It's ok. I've met with people at Fidelity an...
by daacrusher2001
Tue Aug 04, 2020 2:19 pm
Forum: Investing - Theory, News & General
Topic: What happens if you run out of money in retirement?
Replies: 175
Views: 15603

Re: What happens if you run out of money in retirement?

Oddly, it's my biggest fear. Probably being irrational. I'm pretty confident that I have enough stable income plus investments. A lot of really bad stuff would have to happen for me to end up old and broke. I have witnessed "running out of money in retirement" first hand. Not a good scenar...
by daacrusher2001
Fri Jul 17, 2020 9:43 am
Forum: Investing - Theory, News & General
Topic: Cash Covered Puts instead of High Yield Savings for Cash
Replies: 76
Views: 5400

Re: Cash Covered Puts instead of High Yield Savings for Cash

Why not just buy the etf and sell covered calls...if you want some downside protection buy some puts. I've done a lot of options trading over the years. I still dabble with it but not seriously anymore. It can be a reasonable way to boost yield.
by daacrusher2001
Tue Jul 07, 2020 1:22 pm
Forum: Investing - Theory, News & General
Topic: Does it really matter when you claim Social Security
Replies: 109
Views: 9442

Re: Does it really matter when you claim Social Security

Our combined benefits will be low compared to others on this forum & after using various calculators waiting to age 70 adds so little over our projected lifetimes it's pointless to delay past FRA. For most of us here, the SS timing decision is much about the management of our other piles of ret...
by daacrusher2001
Wed Jun 24, 2020 9:28 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4076
Views: 320663

Re: Coronavirus and the market

I'm not a believer in "new bull market". While it's a pretty high dead cat bounce, it's unclear to me that we're on a true economic rebound. I think we haven't seen the worst yet...no idea when that will be either.
by daacrusher2001
Wed Jun 24, 2020 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Got a call from a debt collection agency
Replies: 19
Views: 2385

Re: Got a call from a debt collection agency

Ignore it. Don't go off chasing down possible debt you haven't paid. In the absolute worst case you'll get some note on your credit record - irrelevant unless you have a lot of them. NEVER EVER give some random caller personal info of any kind. NEVER DO THIS. [my background includes work in informat...
by daacrusher2001
Wed Jun 24, 2020 7:23 am
Forum: Personal Investments
Topic: Susie Orman Says You are Crazy to be Investing in Bonds
Replies: 173
Views: 17767

Re: Susie Orman Says You are Crazy to be Investing in Bonds

LOL - I don't even know who Susie Orman is...too many talking heads selling incredulous theories. I know this is obvious to some...but I'll state it anyway. I used to work in media - media companies are there for one thing...to sell advertising (make money). So, figure out a way to get people to wat...
by daacrusher2001
Tue Jun 23, 2020 9:51 am
Forum: Personal Investments
Topic: Potentially Putting 50% Cash Savings Into Income Mutual Fund
Replies: 39
Views: 1870

Re: Potentially Putting 50% Cash Savings Into Income Mutual Fund

I understand stock market risk. I just rode VTSAX down 30+% after buying a chunk in January. This is savings and not money I need at the moment. If those 2 years of expense are your savings, what is the size of your emergency fund(EF)? Do you have one? I am increasing my EF from 1 1/2 year to 2 yea...
by daacrusher2001
Tue Jun 23, 2020 9:25 am
Forum: Personal Investments
Topic: Potentially Putting 50% Cash Savings Into Income Mutual Fund
Replies: 39
Views: 1870

Re: Potentially Putting 50% Cash Savings Into Income Mutual Fund

I understand stock market risk. I just rode VTSAX down 30+% after buying a chunk in January. This is savings and not money I need at the moment. If those 2 years of expense are your savings, what is the size of your emergency fund(EF)? Do you have one? I am increasing my EF from 1 1/2 year to 2 yea...
by daacrusher2001
Mon Jun 22, 2020 9:04 am
Forum: Personal Investments
Topic: investing anxieties
Replies: 16
Views: 1259

Re: investing anxieties

It's interesting that the OP the exact opposite behavior I've observed in the past. Usually newer investors freeze if the price goes down and chase when it goes up. The buy high sell low mentality. OP, what would you have done if the price dropped $20? Would you have bought more or thought about wai...
by daacrusher2001
Mon Jun 22, 2020 7:08 am
Forum: Investing - Theory, News & General
Topic: Jeremy Siegel on MiB Podcast: 60/40 is risky and more
Replies: 146
Views: 17324

Re: Jeremy Siegel on MiB Podcast: 60/40 is risky and more

As a retiree, I would not want to increase risk, thus increasing equities from my 30% is out of the question for me; however, when it comes to bonds, I question the logic of staying on the total bond with a 1.3% YTM and duration of close to 6 years. All the recent gains can easily evaporate if infl...
by daacrusher2001
Sun Jun 21, 2020 10:36 am
Forum: Investing - Theory, News & General
Topic: Jeremy Siegel on MiB Podcast: 60/40 is risky and more
Replies: 146
Views: 17324

Re: Jeremy Siegel on MiB Podcast: 60/40 is risky and more

Great podcast - thanks for the intro. I listened to it a couple of times to get a deeper understanding. It's the first time I've heard that the QE will be paid for by inflation and bond holders. This makes a lot of sense since there should be a cost to safety for those who seek it in times like thi...
by daacrusher2001
Tue Jun 02, 2020 1:45 pm
Forum: Investing - Theory, News & General
Topic: Is there a computer program for making a spending report?
Replies: 13
Views: 829

Re: Is there a computer program for making a spending report?

How about a simple spreadsheet. I am not a fan of highly detailed budget/spending analysis. I think it creates a lot of work and doesn't really produce much actionable information. I only keep track of three spending categories on a monthly basis. It takes 2 minutes to update my spreadsheet. I don'...
by daacrusher2001
Tue May 12, 2020 4:14 pm
Forum: Personal Investments
Topic: Considering the low interest rates - does shifting to shorter duration fund make sense?
Replies: 4
Views: 564

Re: Considering the low interest rates - does shifting to shorter duration fund make sense?

YES! Bonds are NOT conservative investments. The 40-year-period ending in 1982 begs to differ with the notion that bonds are safe. I've had a good run with bonds (and stocks of course) and now I'm about a year from retirement...around 18 months ago I started reducing my stock holdings. I'm actually...
by daacrusher2001
Mon May 11, 2020 2:09 pm
Forum: Personal Investments
Topic: Considering the low interest rates - does shifting to shorter duration fund make sense?
Replies: 4
Views: 564

Considering the low interest rates - does shifting to shorter duration fund make sense?

With rates very low right now - I've started wondering if I should shift to a shorter duration bond fund. I've done pretty well with VBTLX over time, but thinking maybe something with shorter duration (VBISX) might be wise going forward - prep for when rates rise. My objective would be less volatili...
by daacrusher2001
Wed Apr 29, 2020 2:39 pm
Forum: Investing - Theory, News & General
Topic: If you believing in Timing the market, Would you reduce equity allocation now?
Replies: 110
Views: 8233

Re: If you believing in Timing the market, Would you reduce equity allocation now?

OK, guilty! I pulled way back on equities last year after we had recovered all of the loss from the previous 4th quarter. This downturn hasn't really affected me much - although my bond funds took an initial hit but have since recovered. I had a heavy investment in small caps, for a very long time, ...
by daacrusher2001
Wed Nov 06, 2019 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: RMD Question
Replies: 6
Views: 1044

Re: RMD Question

This is how I'm reading the rules as well. I'll bounce it off Fidelity's retirement team again and see if I get the same answer as last time. Not here to bash Fidelity, but twice now their guidance didn't align with IRS rules. Strange... Interesting that the reps are providing tax advice. Saw this ...
by daacrusher2001
Wed Nov 06, 2019 6:14 am
Forum: Personal Finance (Not Investing)
Topic: RMD Question
Replies: 6
Views: 1044

Re: RMD Question

This is how I'm reading the rules as well. I'll bounce it off Fidelity's retirement team again and see if I get the same answer as last time. Not here to bash Fidelity, but twice now their guidance didn't align with IRS rules. Strange...
by daacrusher2001
Tue Nov 05, 2019 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: RMD Question
Replies: 6
Views: 1044

RMD Question

Hey All...just wondering if someone can offer some insight on this one. I'm trying to help a family member with an RMD question - the situation is (maybe) a bit unusual and I can't find anything in the RMD rules that addresses it directly. My mother-in-law inherited a 401K from her husband late last...
by daacrusher2001
Fri Jun 08, 2018 8:36 pm
Forum: Personal Investments
Topic: Retirement looming (3 years or less) - questions on rebalancing
Replies: 6
Views: 962

Re: Retirement looming (3 years or less) - questions on rebalancing

daacrusher2001, I don't think you want to rebalance, you probably want to change your AA (asset allocation). What is your AA now, and what do you want to change it to? Worrying about bonds and not worrying about stocks seems backwards to me, but we are seeing a lot of bond worry on the board. The t...
by daacrusher2001
Fri Jun 08, 2018 12:02 pm
Forum: Personal Investments
Topic: Retirement looming (3 years or less) - questions on rebalancing
Replies: 6
Views: 962

Re: Retirement looming (3 years or less) - questions on rebalancing

The remaining consideration is how much SS, if any, you and your wife will have and when to take it. Also whether or not the pension is COLAd would make a difference. Finally you should estimate how much more spending you might need and what contingencies should be provided for. This. If you look a...
by daacrusher2001
Fri Jun 08, 2018 8:50 am
Forum: Personal Investments
Topic: Retirement looming (3 years or less) - questions on rebalancing
Replies: 6
Views: 962

Retirement looming (3 years or less) - questions on rebalancing

Hi All, I'm at most 3 years from retirement (I'm 59 now) - I say "at most" because I'll retire sooner if I can - but I'm using 3 years as my planning timeline. I have been working on rebalancing my retirement portfolio. Here's my scenario: Pension: Age 62 is the first year I can take an un...
by daacrusher2001
Thu Feb 22, 2018 6:06 am
Forum: Personal Investments
Topic: retirement calculator - most that I've seen are missing some things
Replies: 23
Views: 5945

Re: retirement calculator - most that I've seen are missing some things

Thanks, all, I'll take a look at recommendations made and report back.
by daacrusher2001
Wed Feb 21, 2018 7:10 am
Forum: Personal Investments
Topic: retirement calculator - most that I've seen are missing some things
Replies: 23
Views: 5945

retirement calculator - most that I've seen are missing some things

Can anyone point me to a retirement calculator that lets me enter start dates for pension, SS, second pension, second SS, etc...so I can try scenarios to easily see how long savings will last. I realize I could build one, I was just wondering if any exist. To illustrate what I'm looking for: Example...
by daacrusher2001
Tue Feb 06, 2018 6:40 pm
Forum: Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 186
Views: 37566

Re: Torn between Vanguard, Fidelity and Schwab

I've had accounts at Vanguard, Fidelity, Schwab, T. Rowe, and TD Ameritrade To me, they are all pretty much the same. If I was a trader, I'd probably use Schwab or TD. The tools at TD are pretty good if you like to trade. I've since moved to Vanguard for simplicity. I used to spread my funds across ...
by daacrusher2001
Tue Jan 30, 2018 3:29 pm
Forum: Personal Investments
Topic: Revisiting Annuity vs. Lump Sum decision
Replies: 10
Views: 1296

Re: Revisiting Annuity vs. Lump Sum decision

You would probably find Dirk Cotton's January 26 essay on retirement strategy helpful in making your decision. http://www.theretirementcafe.com/ John Thanks for posting that link. The floor-and-upside strategy is really what I've been pondering, tho' I didn't know it had a name. :happy I've thought...
by daacrusher2001
Tue Jan 30, 2018 3:17 pm
Forum: Personal Investments
Topic: Revisiting Annuity vs. Lump Sum decision
Replies: 10
Views: 1296

Re: Revisiting Annuity vs. Lump Sum decision

Edited some of the quote, my responses are contained within: You mentioned in the other thread https://www.bogleheads.org/forum/viewtopic.php?f=2&t=176326&p=2667532#p2667532 that the pension was not adjusted for inflation, which is a big factor. Correct, it is not adjusted for inflation. - W...