Search found 239 matches

by Ron Scott
Fri Oct 20, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Looming Retirement & Market Jitters
Replies: 43
Views: 3111

Re: Looming Retirement & Market Jitters

I would guess that most people in this forum have sold stocks this year. They will not call their action “market timing” or admit to being spooked by high valuations. They’ll say they’re “rebalancing asset allocations”, but whenever we see market conditions like we have today you can be sure lots o...
by Ron Scott
Fri Oct 20, 2017 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Looming Retirement & Market Jitters
Replies: 43
Views: 3111

Re: Looming Retirement & Market Jitters

I would guess that most people in this forum have sold stocks this year. They will not call their action “market timing” or admit to being spooked by high valuations. They’ll say they’re “rebalancing asset allocations”, but whenever we see market conditions like we have today you can be sure lots o...
by Ron Scott
Fri Oct 20, 2017 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Looming Retirement & Market Jitters
Replies: 43
Views: 3111

Re: Looming Retirement & Market Jitters

I would guess that most people in this forum have sold stocks this year. They will not call their action “market timing” or admit to being spooked by high valuations. They’ll say they’re “rebalancing asset allocations”, but whenever we see market conditions like we have today you can be sure lots of...
by Ron Scott
Thu Oct 19, 2017 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Using a broker for a Supplemental Medicare Plan?
Replies: 21
Views: 768

Re: Using a broker for a Supplemental Medicare Plan?

Re: Using a broker for a Supplemental Medicare Plan? Report this post Quote Unread post by neilpilot » Wed Oct 18, 2017 9:56 pm rotorhead wrote: ↑Wed Oct 18, 2017 9:46 pm I've been using a broker for 11 years now, and my Medicare Supplement premium is $0.00. Can't do much better than that. This is ...
by Ron Scott
Thu Oct 19, 2017 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Using a broker for a Supplemental Medicare Plan?
Replies: 21
Views: 768

Re: Using a broker for a Supplemental Medicare Plan?

If you can find a Supplement provider that does not use brokers, they could use a direct to the public sales model and cut out the middleman commissions. This has worked well in the property-casualty personal lines marketplace. I have no love for brokers per se but given the layers of law and chang...
by Ron Scott
Wed Oct 18, 2017 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Using a broker for a Supplemental Medicare Plan?
Replies: 21
Views: 768

Re: Using a broker for a Supplemental Medicare Plan?

blmarsha123 wrote:
Wed Oct 18, 2017 10:43 am
I thought that the (independent) brokers were paid out of the general Medicare fund, not directly from the various insurers. Not the same as the rep's that you might talk to on the phone from, say, Kaiser or MofO.
I would hope not! But you never know...
by Ron Scott
Wed Oct 18, 2017 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Using a broker for a Supplemental Medicare Plan?
Replies: 21
Views: 768

Using a broker for a Supplemental Medicare Plan?

My understanding is that these plans have identical policy coverages and differ only on price and deductibles. If the insurers pay the brokers is there a disadvantage to using one?
by Ron Scott
Wed Oct 18, 2017 6:48 am
Forum: Investing - Help with Personal Investments
Topic: Newbie boglehead seeking advice! Please critique my plan!
Replies: 4
Views: 555

Re: Newbie boglehead seeking advice! Please critique my plan!

A 100% stock position leaves you with no leverage to take advantage of volatility. Buying low and selling high is a better way to go. I would guess most of the people in this forum have sold stock in the past year. Although they would not characterize it this way, they are a essentially timing; sell...
by Ron Scott
Tue Oct 17, 2017 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Yet another 529 superfund question
Replies: 5
Views: 659

Re: Yet another 529 superfund question

What I'm trying to figure out is how much in total I should try to save by the time the kids at 3 and 5 in order to call it quits on further college savings. My ballpark target is about $300k total across both kids, but am hoping for a reality check on that figure. It's hard to crystal ball college...
by Ron Scott
Mon Oct 16, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Wills/Trust/Estate Planning - How best to review legal documents
Replies: 21
Views: 1593

Re: Wills/Trust/Estate Planning - How best to review legal documents

My plan came with a 5-page plain language summary. I can read and understand the overall plan but the summary is excellent!
by Ron Scott
Sun Oct 15, 2017 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Convert: To the max of your likely future bracket or the one just below?
Replies: 5
Views: 745

Roth Convert: To the max of your likely future bracket or the one just below?

For those of you who are converting this year or plan to Roth convert what is your strategy?
by Ron Scott
Sat Oct 14, 2017 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: X times salary, backwards calculation?
Replies: 23
Views: 2226

Re: X times salary, backwards calculation?

Try this: https://www.firecalc.com/ Based upon this for our situation if we can get very modest growth on our portfolio over the next 5-10 years and can essentially break even cash flow wise until SS we will be in excellent shape Firecalc is the ultimate tool for predicting future results based on ...
by Ron Scott
Sat Oct 14, 2017 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: X times salary, backwards calculation?
Replies: 23
Views: 2226

Re: X times salary, backwards calculation?

Hi all: I'm trying to determine if there is a backward applicable formula to arrive at how much retirement savings one should have. For example, if a rule of thumb is that one should have 12X annual salary to retire at 65, what is the ratio for each year EARLIER one would like to retire? If I'm goi...
by Ron Scott
Fri Oct 13, 2017 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: portfolio update
Replies: 3
Views: 290

Re: portfolio update

With your goals, and assuming you've considered and rejected the family-with-kids scenario, I think you're on a great trajectory. The health care situation is getting crazy as you can see, and even at 33 you need to keep your eyes on funding your later years, but so far you've done very well and app...
by Ron Scott
Fri Oct 13, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Between ERISA and Medicare
Replies: 2
Views: 187

Between ERISA and Medicare

Next year I’ll have to buy insurance for me and the misses. Year and a half for her; two and a half for me.

How did you early retirees approach the decision?
by Ron Scott
Thu Oct 12, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Question on a NY 529
Replies: 2
Views: 399

Re: Question on a NY 529

I'm not finding what I need in the guidance...could be me. Essentially, she's got an income line item in her paystubs and W2 called "Taxable Tuition Reimbursement" and a hefty "income" amount that they withdraw taxes from. Seems to me whether it's tuition or tax on tuition, a 529 should cover it. No?
by Ron Scott
Tue Oct 10, 2017 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: How does VG report sales of laddered investments?
Replies: 4
Views: 242

Re: How does VG report sales of laddered investments?

That’s a great thread and example, thanks. My take away is geared toward taking distributions and this makes it easy. I do wonder however if betterment has a better mouse trap for this, and if so why vanguard doesn’t match it as a “default“ selection: https://www.betterment.com/resources/investment-...
by Ron Scott
Tue Oct 10, 2017 7:51 am
Forum: Investing - Help with Personal Investments
Topic: How does VG report sales of laddered investments?
Replies: 4
Views: 242

Re: How does VG report sales of laddered investments?

Yes, that helps. I was interested in Betterment’s Taxmin approach although I’m not interested in using Betterment. It seems the Specific ID is a good way to go with VG. It shouldn’t be too much effort and better than the programmed approaches for me.
by Ron Scott
Tue Oct 10, 2017 6:27 am
Forum: Investing - Help with Personal Investments
Topic: How does VG report sales of laddered investments?
Replies: 4
Views: 242

How does VG report sales of laddered investments?

Do they use something like FIFO or a more thoughtful, tax-efficient approach?

If FIFO, can you override and tell them what to sell?
by Ron Scott
Tue Oct 10, 2017 6:09 am
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 13771

Re: [Boglehead vs Mr Money Mustache philosophies]

A minority of BHers and a majority of MMMers don’t enjoy working for a living. In MMMville, the social zeitgeist is peaceful unemployment. Seems to me the MMMers could put more effort into finding a calling, finding their muse, so they can be happier while making a contribution to something bigger t...
by Ron Scott
Mon Oct 09, 2017 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Rental properties in lieu of bond in AA?
Replies: 29
Views: 947

Re: Rental properties in lieu of bond in AA?

I’d agree. Real estate is not a substitute for bonds. I have 5 properties including rentals. I have them in an asset class called Real Estate. Owning and renting RE is an equity-based business with a large initial investment, significant ongoing expenses and a form of recurring revenue. Not a bond, ...
by Ron Scott
Sun Oct 08, 2017 6:55 am
Forum: Investing - Theory, News & General
Topic: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17
Replies: 87
Views: 12155

Re: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17

You could stand in the middle of 5th Avenue and shoot someone and no one here would care.

But suggest that its time to pull back from the stock market or not put more money in it and you're a fool or worse.

That I can tell you...
by Ron Scott
Sat Oct 07, 2017 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: [Three-fund portfolio: Robo-adviser or 3 funds?]
Replies: 7
Views: 700

Re: [Three-fund portfolio: Robo-adviser or 3 funds?]

Reminds me of Mencken's excellent commentary: "For every complex problem there is an answer that is clear, simple, and wrong." I'm not much for financial advisors and don't use them. The 3-fund approach doesn't work for my situation either as I don't have room in my IRA and Roth to place all my bond...
by Ron Scott
Fri Oct 06, 2017 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Advisors?
Replies: 6
Views: 521

Re: Advisors?

I was lucky enough to come into some money and am really looking forward to investing it. I've been doing my best to learn and would really prefer to handle my investments personally. I must admit I am nervous (who wasn't when they started!) And thinking maybe finding myself a planner/advisor to ge...
by Ron Scott
Fri Oct 06, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another pension thread -- take partial lump sum w/reduced annuity or normal annuity?
Replies: 34
Views: 2323

Re: Yet another pension thread -- take partial lump sum w/reduced annuity or normal annuity?

MisterBill wrote:
Mon Jul 10, 2017 12:04 am
Fidelity's position is that you want to fill as much of your required monthly income from a guaranteed stream
Really?

This sounds like the position of an annuity salesman.
by Ron Scott
Fri Oct 06, 2017 12:03 am
Forum: Investing - Help with Personal Investments
Topic: Sell individual stocks now after transfer to Vanguard?
Replies: 14
Views: 1008

Re: Sell individual stocks now after transfer to Vanguard?

I disagree with most of the responses above because I do not believe an investment strategy should be subordinate to a tax strategy. From what I gather, you have a sizable portfolio in individual stocks in your taxable account that has performed well and you are looking to shift more of your total a...
by Ron Scott
Thu Oct 05, 2017 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you think the money will come from to move the overall market higher?
Replies: 31
Views: 2244

Where do you think the money will come from to move the overall market higher?

Recent polls suggest the general public and professional money managers are both getting skittish about valuations. If these polls are correct, and if people slow their equity investments, where do you see the demand coming from?
by Ron Scott
Wed Oct 04, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: iphone app for checking stocks and funds?
Replies: 9
Views: 792

Re: iphone app for checking stocks and funds?

AlwaysaQ wrote:
Wed Oct 04, 2017 2:03 pm
I just use the Chrome browser.
My daughter tells me I could build a house with a hammer and a saw. I don’t think it’s a compliment…
by Ron Scott
Wed Oct 04, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: iphone app for checking stocks and funds?
Replies: 9
Views: 792

iphone app for checking stocks and funds?

Time for a new app. I "check" only; 5 second glance when I'm bored. No trading. No charting. No robo"news". No entering personal or bank account info, etc.

What do you guys use?
by Ron Scott
Wed Oct 04, 2017 7:29 am
Forum: Investing - Theory, News & General
Topic: Adjusting your allocation for recession
Replies: 4
Views: 446

Re: Adjusting your allocation for recession

At 40% stock, I think you are already adjusted for a recession During a big bear a 40% stock allocation could morph into a 20% allocation pretty quickly by itself without incurring any transaction fees. Then you can get back to 40% by selling your bonds and buying more stocks. If you trust the past...
by Ron Scott
Tue Oct 03, 2017 11:18 pm
Forum: Investing - Theory, News & General
Topic: Best way to sell annual stock grants?
Replies: 8
Views: 527

Re: Best way to sell annual stock grants?

It’s almost always best when taking down a stock concentration to first sell shares with the highest basis. I can envision circumstances where this may not be optimal, especially when you have control or knowledge of significant changes from year to year in your tax brackets. Quick call to your tax ...
by Ron Scott
Tue Oct 03, 2017 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Help with private investment opportunity
Replies: 47
Views: 2519

Re: Help with private investment opportunity

It is hard for me to imagine how anyone can get truly wealthy in this country without deep exposure in equity, and a start up is the quintessential play. Investing in a start up can be exciting. But you obviously need to have a solid understanding of the risk you’re taking with this specific opportu...
by Ron Scott
Mon Oct 02, 2017 4:28 am
Forum: Investing - Theory, News & General
Topic: Marketing be damned: I am a speculator!
Replies: 6
Views: 1215

Marketing be damned: I am a speculator!

In the traditional personal finance literature buying stocks was “speculation”, while buying bonds “investing”. Speculating meant taking a chance for greater return, investing meant loaning money with the expectation of a fair return. Both speculation and investing involved risk, the difference bein...
by Ron Scott
Sat Sep 30, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Balancing liquidation of company stock (post-NUA) with Roth conversions
Replies: 6
Views: 383

Re: Balancing liquidation of company stock (post-NUA) with Roth conversions

OP, What I am planning to do is to contribute a significant portion each year of the NUA stock to a Doner Advised Fund (you need to check IRS rules for limits) and use that to fund my Charitable donations. This gives me the space I need for the Roth Conversions. This is Plan B for me...and may move...
by Ron Scott
Sat Sep 30, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Balancing liquidation of company stock (post-NUA) with Roth conversions
Replies: 6
Views: 383

Balancing liquidation of company stock (post-NUA) with Roth conversions

Recently retired and I'm faced with the proverbial "good problem to have"; ~$3.5M in company stock that I pulled from the KSOP in an NUA transaction, and the remaining $2.5M that I transferred from the 401K to an IRA. The company did great during my time there but I want to bring down my concentrati...
by Ron Scott
Fri Sep 29, 2017 11:01 pm
Forum: Personal Consumer Issues
Topic: Caught by speed camera
Replies: 49
Views: 2688

Re: Caught by speed camera

Federal, state and local governments track our movements continually and electronically, as the old punchline goes, because they can. Many communities have removed these cameras because of pressure from citizens. Call your representatives and threaten to vote them out of office if they continue the ...
by Ron Scott
Fri Sep 29, 2017 10:51 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg: Smart Beta Debate Sparks Identity Crisis at Vanguard
Replies: 15
Views: 2615

Re: Bloomberg: Smart Beta Debate Sparks Identity Crisis at Vanguard

It is only natural for companies to define themselves by their most popular products. I'm not feeling the perspective that this provokes identify crises however. Sounds like "fake news" to me. At the same time I heartily applaud new approaches to developing investment vehicles that offer good return...
by Ron Scott
Tue Sep 26, 2017 6:11 am
Forum: Investing - Theory, News & General
Topic: The real impacts of passive investing
Replies: 8
Views: 1985

Re: The real impacts of passive investing

Years ago the demand for a stock that entered an index like the S&P 500 would spike the price as many fund managers were literally forced to buy. Such jolts have attenuated as active managers bought over time in anticipation of a candidate’s ascent as a strategy. So while the stock appeared to trend...
by Ron Scott
Tue Sep 26, 2017 5:00 am
Forum: Investing - Help with Personal Investments
Topic: How safe is cash in today's economy?
Replies: 37
Views: 3865

Re: How safe is cash in today's economy?

Very valid question, deserving serious answers. I personally agree that FDIC protection is a safe approach.
by Ron Scott
Tue Sep 26, 2017 4:54 am
Forum: Investing - Help with Personal Investments
Topic: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs
Replies: 52
Views: 6114

Re: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs

I'm going to go sit this year out with the below portfolio. 25% Long Term Treasury (VUSTX) 25% Intermediate Bonds (VFITX ~100% Int Term Treasuries) 15% TIPS (VIPSX) 15% US Stock Market (VTSMX) 15% Intl Developed (VDVIX) 05% Emerging Markets (VEIEX) I think the above AA best accomplishes my current ...
by Ron Scott
Thu Sep 21, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: What say ye... 60/40 or 65/35?
Replies: 17
Views: 1764

Re: What say ye... 60/40 or 65/35?

Do you include your Emergency Fund into your AA ? (that is the question) Of course you do! The EF is an "asset" and whether you use it to rebalance has nothing to do with where its located. If you keep 5% of your money in a MM then its allocated as such. Any thinking to the contrary is just mind ga...
by Ron Scott
Tue Sep 19, 2017 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Retiree Roth Withdrawals
Replies: 10
Views: 1204

Re: Retiree Roth Withdrawals

There is a sort of mind game you can play to eliminate the Roth from AA consideration on the assumption that you'll never touch it, leave it to heirs and therefore can invest it without risk consideration as a long-term fund. But it's just a mind game since everything is allocated one way or the oth...
by Ron Scott
Sat Sep 16, 2017 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Fun reads on estate planning??
Replies: 4
Views: 601

Fun reads on estate planning??

My current plan was put in place quite a while ago and I'm planning to sit down with the lawyer during the next 6 months to redo. My financial status has changed significantly in the interim and I'll be focusing hard on sheltering $$ I'd like to leave to my daughter from taxes. I'd like to study-up ...
by Ron Scott
Tue Sep 12, 2017 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: The 10 year car ownership "rule"
Replies: 95
Views: 10690

Re: The 10 year car ownership "rule"

Please ignore any "rule" about being frugal, especially if the rule sounds cute or attempts to motivate you to do something you don't want to do. My wife recently announced the 4Runner divorce rule: If I don't sell the '97 4Runner this year we're getting divorced. We also have a 2016 Porsche and a 2...
by Ron Scott
Wed Sep 06, 2017 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Question on a NY 529
Replies: 2
Views: 399

Question on a NY 529

Daughter is finishing her Masters. I overfunded the 529 because she underestimated the amount her employer would pay. Not a bad problem...

Her employer is withholding taxes for some of the coursework and my question is, can I pay the taxes with funds from the 529?
by Ron Scott
Mon Sep 04, 2017 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Recommendations for Florida Gated Community
Replies: 7
Views: 1044

Re: Recommendations for Florida Gated Community

Strongly suggest renting before buying and seeing A LOT of properties. We rented last winter for 6 months in the Boca area on the beach. I was still working. My wife saw about 30 properties; I saw half a dozen. We bought in May and are renovating now. There are A LOT of places to buy in your price r...
by Ron Scott
Fri Sep 01, 2017 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Restricted Stock Units...Profit?
Replies: 23
Views: 1823

Re: Restricted Stock Units...Profit?

... There is nothing irresponsible in estimating the value of stock options when distributed. .... Regarding standard measures - No idea how that is relevant to this conversation. Your stated further above "Making a statement like "$4258.80 worth of options" is rather irresponsible as the price is ...
by Ron Scott
Thu Aug 31, 2017 4:18 am
Forum: Personal Consumer Issues
Topic: Hurricane Harvey has me rethinking my approach to disaster preparations
Replies: 72
Views: 6312

Re: Hurricane Harvey has me rethinking my approach to disaster preparations

From a short term perspective, the weather service gives us ample time to plan for coming emergencies like Harvey. A "get out of Dodge" strategy would be a good one to adopt going forward. Similarly, it is probably best to ignore the psychology of your neighbors. If the mayor of my town told me to w...
by Ron Scott
Thu Aug 31, 2017 3:57 am
Forum: Investing - Help with Personal Investments
Topic: First time getting into the market. DCA?
Replies: 14
Views: 893

Re: First time getting into the market. DCA?

I say DCA. The market is at a high after climbing dramatically over a short period of time. Many of the people in this forum are actively selling stocks simply to rebalance their asset allocations. I for one fail to see the goodness in blindly ignoring current equity market conditions when deciding ...