Search found 1309 matches

by friar1610
Tue Dec 18, 2018 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Question for IRS workers or Accountants [IRS did not process Form 8606]
Replies: 10
Views: 500

Re: Question for IRS workers or Accountants

If you sent in the corrected 8606 Forms solely to make corrections to IRA basis, and there was no resulting tax change to any year, then what specific action are you expecting from the IRS? Thank you for your question. I was hoping for confirmation that corrected cost bases were recorded. Won't the...
by friar1610
Sun Dec 16, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Possible Recession and a Retiree's postulation?
Replies: 20
Views: 2039

Re: Possible Recession and a Retiree's postulation?

Let's assume (always dangerous) that stocks and equity funds take a major hit both domestic and international...... I suspect dividends for those of us only taking dividends and not selling equities will remain, for the most part, unchanged in a taxable portfolio... +/- 10%. Effect on a 40/60 IRA p...
by friar1610
Sat Dec 15, 2018 6:37 pm
Forum: Investing - Theory, News & General
Topic: AA for a Retiree being a Booglehead
Replies: 20
Views: 1634

Re: AA for a Retiree being a Booglehead

One thing people fail to take account of is the enormous expense of dementia care which, as people live longer, becomes more of a possibility and/or necessity. Your mental state at age 65 or 70 tells you nothing about how you will be functioning at 85. A severe stroke or other severely limiting med...
by friar1610
Thu Dec 13, 2018 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation when cost of living expenses covered
Replies: 23
Views: 1230

Re: Allocation when cost of living expenses covered

One thing to look at is what will be the income for each of you if the other passes and how that stacks up to expenses. One SS, reduced or no pension income?, annuity? tax filing single vs joint, etc. In our case my wife will lose her SS and 1/2 my pension income. I would lose only her much smaller...
by friar1610
Mon Dec 10, 2018 8:50 am
Forum: Investing - Theory, News & General
Topic: Rick Ferri on New Retirement Podcast
Replies: 1
Views: 670

Rick Ferri on New Retirement Podcast

I subscribe to New Retirement Podcast and a new one, an interview with Rick Ferri, just showed up on my feed yesterday. It's about an hour and 10 minutes and covers a variety of topics, including the Core4 portfolios, that will be familiar to Rick's followers. I've listened to about half of it and i...
by friar1610
Sat Dec 08, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Wellesly Income
Replies: 45
Views: 5728

Re: Vanguard Wellesly Income

If you do a search on Wellesley you will find LOTS of discussion on the pros and cons; there are an awful lot of BHs who are convinced that Wellesley is the best thing since bottled beer. And given its consistently reliable performance over the years they have an excellent argument. The main rap aga...
by friar1610
Fri Dec 07, 2018 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpectedly subjected to my first Edward Jones sales-pitch...
Replies: 15
Views: 1636

Re: Unexpectedly subjected to my first Edward Jones sales-pitch...

I'm retiring from the military in approximately a year. As part of the preparation process, I attended the Transition Assistance Program (TAP) this week. TAP is run by the DoD, and attendance is a typical step in separating from the military. Most of the week is spent on how to job-hunt, write a re...
by friar1610
Fri Dec 07, 2018 2:22 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on Vanguard advice
Replies: 22
Views: 3246

Re: Thoughts on Vanguard advice

Here's something I just learned - not a complaint, just passing on info others may or may not know. The "next week" consult I mentioned above was originally scheduled for 12/5 with Advisor A. I had received a confirming email from him. Then I got an email from him that said due to the Bush Day of Mo...
by friar1610
Thu Dec 06, 2018 9:15 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on Vanguard advice
Replies: 22
Views: 3246

Re: Thoughts on Vanguard advice

Yes, I am retired. I did not come to a conclusion on why the target fund was offering TIPS other than, to perhaps appear to be 'not too aggressive' and 'cover all bases'. Overall, their personal advice to me for the portfolio was similar to what I have: 50/50 stock/bond 21% US large cap, 9% US mid/...
by friar1610
Thu Dec 06, 2018 12:28 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8814
Views: 1693076

Re: U.S. stocks in freefall

VictoriaF wrote:
Thu Dec 06, 2018 8:15 am
Any guesses if the market will close higher or lower by the end of the day today?
Yes, it will. (Close higher or lower).
by friar1610
Wed Dec 05, 2018 5:47 pm
Forum: Personal Consumer Issues
Topic: Murder Mystery Authors
Replies: 117
Views: 13760

Re: Murder Mystery Authors

Deleted -dupe.
by friar1610
Wed Dec 05, 2018 5:15 pm
Forum: Personal Consumer Issues
Topic: Murder Mystery Authors
Replies: 117
Views: 13760

Re: Murder Mystery Authors

j Just finished Louise Penny's latest. It is as refreshing as her first. Recommend you read them in order as characters build over time. Wonderful series. Armand Gamache, Three Pines and Quebec Province. What more could anyone ask for? I'm with you on Louise Penny. I've read (or listened to) most o...
by friar1610
Sat Dec 01, 2018 9:46 am
Forum: Investing - Theory, News & General
Topic: I'm up 5% ytd and I will take it
Replies: 55
Views: 6043

Re: I'm up 5% ytd and I will take it

The market is not worth keeping track of day to day and hardly worth tracking year to year or worrying about. Every investor should have a 50+ year time horizon and pretty much ignore financial movements and news. How can a 61 year old have a 50+ year timeline. My asset allocatio Reflects my shorte...
by friar1610
Sat Dec 01, 2018 9:32 am
Forum: Investing - Theory, News & General
Topic: Penfed raises certificate rates 12/1/18
Replies: 25
Views: 3028

Re: Penfed raises certificate rates 12/1/18

Hmmm...I was going to roll one of those older PenFed CDs into a Navy Federal 2 year 3% cert but not sure which is better. (PenFed has a 2.95% 2 year but with a harsher EWP than NFCU.)
by friar1610
Tue Nov 27, 2018 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: PAS handling of non-VG investments?
Replies: 6
Views: 610

Re: PAS handling of non-VG investments?

In discussing strategies for generating retirement income from my portfolio, my advisor and I discuss both managed and unmanaged assets, taking into account capital gains issues, diversification, expense ratios for non-Vanguard funds, and other relevant factors. In short, I have found that PAS does...
by friar1610
Tue Nov 27, 2018 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: PAS handling of non-VG investments?
Replies: 6
Views: 610

Re: PAS handling of non-VG investments?

Oops - I meant to post this on the Help With Personal Investments board. Would a moderator be kind enough to move it? Sorry and thanks.
by friar1610
Tue Nov 27, 2018 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: PAS handling of non-VG investments?
Replies: 6
Views: 610

PAS handling of non-VG investments?

I'm looking for feedback from anyone who has direct experience with Vanguard PAS; specifically, how well the service has dealt with assets held outside of VG. I know that they do not "manage" (nor charge for) non-VG assets. But to what degree to they take those assets into consideration in, say, rec...
by friar1610
Sat Nov 24, 2018 11:29 pm
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 120
Views: 7278

Re: What is your allocation to U.S. and International?

Overall allocation at the moment 43% equity/57% fixed.
Of equity, 21% is international. My comfort range is 20%-25%.
Of fixed, 0% is international. Unsure what my comfort range would be if I thought there were a strong case to own international fixed income. But I don't so that's moot.
by friar1610
Wed Nov 21, 2018 5:28 pm
Forum: Personal Consumer Issues
Topic: When to buy a new Volvo?
Replies: 16
Views: 1493

Re: When to buy a new Volvo?

I'm on my 3rd Volvo. I found my current car- XC70 via Cars dot com. I knew what was looking for price, mileagewise on a pre-owned car. I had it set up to set me a trigger when a car was listed. New listing popped up at 7pm one night, I called and was there before they opened the next morning. and b...
by friar1610
Mon Nov 19, 2018 8:07 am
Forum: Investing - Help with Personal Investments
Topic: what to ask ORG re CDs
Replies: 11
Views: 1044

Re: what to ask ORG re CDs

Thanks. Ally's rates are better than the credit unions. :?: Taxes. Is the interest taxable? That also shows my lack of knowledge. I'm learning... :confused If the CDs are in a Roth the interest is not taxable. If they are in a regular IRA/401K/403B The tax is deferred until you withdraw the money w...
by friar1610
Sun Nov 18, 2018 3:44 pm
Forum: Personal Consumer Issues
Topic: sell current home before buying new home?
Replies: 17
Views: 1425

Re: sell current home before buying new home?

It worked well for me that way back in March. The huge advantage of buying first was that we could move stuff over and start to empty out the old house before painting/fixing and listing. I decided to leave major furniture for the listing, but all the smaller stuff and clutter was gone. Everyone th...
by friar1610
Sat Nov 17, 2018 1:27 pm
Forum: Personal Consumer Issues
Topic: Warm winter vacation
Replies: 25
Views: 2245

Re: Warm winter vacation

We're not big on Florida but have made late winter trips to both Charleston and Savannah and enjoyed them both very much. Neither are "just go and sit In the sun" types of places. But for some sightseeing, great dining and a genteel Southern ambiance, both are great. Could even be combined into a we...
by friar1610
Fri Nov 16, 2018 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard CDs
Replies: 9
Views: 1014

Re: Vanguard CDs

It sounds like the OP is talking about CDs in a taxable account. My view is that I would only use brokered CDs in a tax-advantaged account. That way I can buy them in amounts and with maturities that mesh with my RMD schedule. Even if I were in the pre-RMD stage, I would follow this same rule as I ...
by friar1610
Fri Nov 16, 2018 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard CDs
Replies: 9
Views: 1014

Re: Vanguard CDs

It sounds like the OP is talking about CDs in a taxable account. My view is that I would only use brokered CDs in a tax-advantaged account. That way I can buy them in amounts and with maturities that mesh with my RMD schedule. Even if I were in the pre-RMD stage, I would follow this same rule as I a...
by friar1610
Thu Nov 15, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Exchange VG variable annuity for fixed deferred annuity?
Replies: 2
Views: 411

Exchange VG variable annuity for fixed deferred annuity?

I have a Vanguard Variable Annuity in my name. Plan A is to use it to provide income for my wife after I am gone. (I'm 73; she is 72). As she is the beneficiary, she will just assume ownership of it and annuitize it when the time comes. No plans to annuitize during my lifetime as we don't really nee...
by friar1610
Wed Nov 14, 2018 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: VBTLX vs. Vanguard Federal Money Market Fund
Replies: 13
Views: 1639

Re: VBTLX vs. Vanguard Federal Money Market Fund

I'm 62, and will probably be retiring in the next 3 years. My bond holdings are about 40% of my portfolio. So, my question is - as long as it looks like there will be incremental interest rate hikes by the FED, is there a compelling reason to leave these funds in VBTLX, vs. placing them in the VG F...
by friar1610
Fri Nov 09, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 83
Views: 4971

Re: Doing taxes by hand

I will probably do our 2018 taxes manually, as well. We won't have an itemized deductions total to be worthwhile, so taxes should be very simple for us. I have been using tax software last few years, but for our needs for our 2018 return it seems it would be a waste of money to purchase the current...
by friar1610
Fri Nov 09, 2018 4:31 pm
Forum: Investing - Theory, News & General
Topic: Vanguard closure last week
Replies: 21
Views: 4739

Re: Vanguard closure last week

I thought that it was to perform a major update to the website. I did go there on Saturday and the initial page had been changed to something that looked radically different. I suspect that it didn't work and they backed the whole upgrade out. When I take my car in for major work I don't expect it ...
by friar1610
Fri Nov 09, 2018 4:04 pm
Forum: Investing - Theory, News & General
Topic: Take taxes into account when rebalancing?
Replies: 44
Views: 2318

Re: Take taxes into account when rebalancing?

I have followed the practice of keeping the bond allocation in tax-deferred. But I think Rick Ferri (an expert who posts here) tends to recommend not filling up your taxable with stock. I think that may be at odds with the boglehead tax efficient placement, but it does prevent or delay the issue I ...
by friar1610
Thu Nov 08, 2018 9:18 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 301
Views: 45927

Re: Whats your number to walk away?

I "walked away" 15 years ago at age 58. I had a good, inflation adjusted Navy pension, my (and my spouse's) health care covered for Virtually no cost and the expectation of SS for both of us down the road. My goal was $1M above that and a paid-off house. I got too frustrated with work to continue to...
by friar1610
Thu Nov 08, 2018 1:43 pm
Forum: Investing - Theory, News & General
Topic: November "Bogleheads On Investing" podcast with guest Jonathan Clements
Replies: 18
Views: 2677

Re: November "Bogleheads On Investing" podcast with guest Jonathan Clements

My dog and I enjoyed listening to the podcast during our walk this morning. Thanks, Rick.
by friar1610
Tue Nov 06, 2018 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 15047

Re: How much money are you leaving your kids after you die?

We are retired and live a lifestyle that we are happy with but which doesn't consume a lot of our portfolio. (SS and a pension carry virtually all of the load.) So our first priority is to make sure that if that changes (need for long-term care, for example) we have sufficient resources. Next priori...
by friar1610
Mon Nov 05, 2018 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking a balanced, aggressive portfolio
Replies: 25
Views: 1213

Re: Seeking a balanced, aggressive portfolio

jackhensy wrote:
Mon Nov 05, 2018 4:38 pm
I have the 500 index in my ROTH IRA which is non-taxable, but the max I can contribute is only $5,000 per year.
The VTSAX is taxable, but I contribute as much as I want and its still an aggressive fund.
OK. Got it.
by friar1610
Mon Nov 05, 2018 4:46 pm
Forum: Personal Consumer Issues
Topic: Post FiRE job...teaching??
Replies: 33
Views: 3981

Re: Post FiRE job...teaching??

What about mentoring or tutoring college-aged students (for free)? There are a lot of community college kids whose families can't really give good advice to them through the college years because no one in the family ever went to college. You'd get a lot of the rewards from teaching with fewer head...
by friar1610
Mon Nov 05, 2018 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking a balanced, aggressive portfolio
Replies: 25
Views: 1213

Re: Seeking a balanced, aggressive portfolio

Why do you have both Total Stock Market and S&P 500 funds? Lotta overlap there.
by friar1610
Fri Nov 02, 2018 10:27 am
Forum: Investing - Theory, News & General
Topic: What does your gut tell you; RMD now or in December?
Replies: 38
Views: 2259

Re: What does your gut tell you; RMD now or in December?

I'm not saying this is the best RMD strategy, but it has served us well for our small IRAs of roughly equal amounts... We set up the automatic distros with VG in January. One of us takes the distro on 4/1 and 10/1. The other on 7/1 and 12/1. Although we generally reinvest the money in taxable, we ar...
by friar1610
Thu Nov 01, 2018 9:22 am
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 136
Views: 11677

Re: Core-4 Investing is LIVE! It really is this time!

It's so simple you can pay someone to help you! :sharebeer Also very well said! I don't care if people need help managing their ports or not. At the moment I have a port that is pretty close to Taylor's 3-Fund and Rick's Core-4. I'm perfectly capable of managing it myself. I'm 73 now but realize I ...
by friar1610
Sat Oct 27, 2018 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Should I get vision insurance?
Replies: 39
Views: 4080

Re: Should I get vision insurance?

sawhorse wrote:
Fri Oct 26, 2018 7:42 pm
OAG wrote:
Fri Oct 26, 2018 7:40 pm
Just in case any retired military are interested the Navy will provide prescription glasses (very limited styles) but were IMO adequate. They will provide a annual set (just Google "Navy Free Glasses).
BCGs!! :D
Or NBCDs.
by friar1610
Sat Oct 27, 2018 8:32 pm
Forum: Investing - Theory, News & General
Topic: Vangaurd Personal Advisory Services - Do they provide AA and TLH advise based outside accounts?
Replies: 9
Views: 794

Re: Vangaurd Personal Advisory Services - Do they provide advise based outside accounts?

Does any recommend any other company/broker/Fee-only advisor who ca holistically look at all accounts and then suggest a tax-efficient AA for all accounts? Especially the service which does not want to sell everything existing in your accounts (like Personal Capital does), but suggest a time-based ...
by friar1610
Sat Oct 27, 2018 5:30 pm
Forum: Investing - Theory, News & General
Topic: Vangaurd Personal Advisory Services - Do they provide AA and TLH advise based outside accounts?
Replies: 9
Views: 794

Re: Vangaurd Personal Advisory Services - Do they provide advise based outside accounts?

I linked my external accounts to Vanguard. They used this information to hit my desired AA. They will not manage the external account, but they should be able to reference it. Wow - that's interesting. All my external accounts are linked but they never mentioned this - I'll ask the question a diffe...
by friar1610
Sat Oct 27, 2018 2:32 pm
Forum: Investing - Theory, News & General
Topic: Vangaurd Personal Advisory Services - Do they provide AA and TLH advise based outside accounts?
Replies: 9
Views: 794

Re: Vangaurd Personal Advisory Services - Do they provide advise based outside accounts?

I am exploring to use Vangaurd Personal Advisory Services to manage my investment and when I talk to one person on phone from their advisor group; he mentioned he will be managing the funds only available in my Vangaurd Personal Advisory Services account; which is fair. However, his statement surpr...
by friar1610
Sat Oct 27, 2018 12:21 pm
Forum: Investing - Theory, News & General
Topic: The ship metaphor
Replies: 24
Views: 2035

Re: The ship metaphor

The Vanguard web-site has a bit of information on the logo: The company is named for a distinguished 18th-century vessel. Meaning "in the forefront," our name has proved quite fitting as we have grown to become a leader in serving investors. ... Navigating a multitude of investment choices and main...
by friar1610
Fri Oct 26, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Should I get vision insurance?
Replies: 39
Views: 4080

Re: Should I get vision insurance?

For military retirees: I just recently learned that TRICARE will soon incorporate the same optical and dental insurance insurance available to those in the Federal Employees' Health Benefit Program (FEHBP) as optional coverages (to be paid for but the beneficiaries). I haven't had a chance to resear...
by friar1610
Thu Oct 25, 2018 3:36 pm
Forum: Local Chapters and Bogleheads Community
Topic: Who/what made the helpful culture of Bogleheads?
Replies: 29
Views: 2013

Re: Who/what made the helpful culture of Bogleheads?

I hope this doesn't violate a BH policy by making negative comments about other sites... (If it does, feel free to delete it.) I began my financial learning process about 20 years ago by finding John Greaney's (intercst's) Retire Early Home Page. The discussion portion soon migrated to The Motley Fo...
by friar1610
Thu Oct 25, 2018 3:07 pm
Forum: Investing - Theory, News & General
Topic: What's Your Fixed Income Strategy?
Replies: 89
Views: 8790

Re: What's Your Fixed Income Strategy?

My situation is a mix of what several others have said. Ages 73/72. I've been retired 15 years; my wife retired a few years later. (She was a SAHM until kids were in HS, so never had a long-term career.) Have a good COLA pension that we mainly live on. Sometimes use a bit of our SS that we both took...
by friar1610
Sat Oct 20, 2018 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: anybody sell I Bonds to buy something else?
Replies: 38
Views: 3669

Re: anybody sell I Bonds to buy something else?

I'm rethinking that approach, given the recent increases in interest rates. I could use those funds [proceeds from redeemed I Bonds] and very likely get better returns from CDs or short term bond funds. Just wondering if anybody else has sold their I Bonds for similar reasons. The downside, obvious...
by friar1610
Wed Oct 17, 2018 2:01 pm
Forum: Personal Consumer Issues
Topic: To replace old Volvo
Replies: 35
Views: 1500

Re: To replace old Volvo

My Volvo s70 2000, which I had hoped to keep forever, is beginning to require very expensive repairs. I may have to replace it. However, I'm a senior citizen and may not be driving for more than another five years or so. What do you recommend as a safe replacement? I recently replaced a 2005 Volvo ...
by friar1610
Wed Oct 17, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Did you retire because you hit your number?
Replies: 71
Views: 6640

Re: Did you retire because you hit your number?

I was shy of my number by a bit. But I was ready to retire for good. Fortunately, I had already retired from a previous career which gave me a nice pension, so being short of my number wasn't as big a deal as it might sound. I subsequently determined that I had been too conservative in estimating my...
by friar1610
Sun Oct 14, 2018 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Cassaday & Co. (Financial Advisors)?
Replies: 12
Views: 1058

Re: Cassaday & Co. (Financial Advisors)?

Need to start with minimum of 1 million with the first 500,000 at 1.20% and the second 500.000 at .95%. You just gave up 25% of your safe 4% withdrawal in AUM expenses not counting the fund expenses,trading, tax hit. Seems like all of the other Financial Advisers out there to me. That was my take a...
by friar1610
Sun Oct 14, 2018 11:19 am
Forum: Investing - Help with Personal Investments
Topic: Cassaday & Co. (Financial Advisors)?
Replies: 12
Views: 1058

Re: Cassaday & Co. (Financial Advisors)?

Need to start with minimum of 1 million with the first 500,000 at 1.20% and the second 500.000 at .95%. You just gave up 25% of your safe 4% withdrawal in AUM expenses not counting the fund expenses,trading, tax hit. Seems like all of the other Financial Advisers out there to me. That was my take a...