Search found 1290 matches

by friar1610
Mon Nov 19, 2018 8:07 am
Forum: Investing - Help with Personal Investments
Topic: what to ask ORG re CDs
Replies: 4
Views: 374

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: 1362

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: 2164

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: 945

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: 945

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: 0
Views: 100

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: 1578

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: 4841

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: 4699

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: 2249

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: 45539

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: 2407

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: 14628

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: 1192

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: 3919

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: 1192

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: 2207

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: 134
Views: 10392

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: 4054

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: 768

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: 768

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: 768

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: 2018

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: 4054

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: 1949

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: 8655

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: 3606

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: 1474

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: 6605

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: 1047

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: 1047

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 8:33 am
Forum: Investing - Help with Personal Investments
Topic: Cassaday & Co. (Financial Advisors)?
Replies: 12
Views: 1047

Cassaday & Co. (Financial Advisors)?

Curious whether or not any Bogleheads have had first-hand experience with Cassaday. They seem to be mainly focused on clients in Virginia/DC. I ask because a friend has recently signed on with them after being a DIY investor. He speaks very highly of them. From their web site it looks like an AUM ty...
by friar1610
Thu Oct 04, 2018 4:15 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 100
Views: 12277

Re: Larry Swedroe: Be Prepared For Losses

Here's something I find a bit sobering.... Discussions above have focused on needing to be prepared for equities to drop by 50% and thus, depending on one's AA, likely a smaller drop in overall portfolio value. But those computations appear to be premised on fixed income maintaining its value. But,...
by friar1610
Thu Oct 04, 2018 4:12 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 100
Views: 12277

Re: Larry Swedroe: Be Prepared For Losses

Here's something I find a bit sobering.... Discussions above have focused on needing to be prepared for equities to drop by 50% and thus, depending on one's AA, likely a smaller drop in overall portfolio value. But those computations appear to be premised on fixed income maintaining its value. But,...
by friar1610
Thu Oct 04, 2018 12:30 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 100
Views: 12277

Re: Larry Swedroe: Be Prepared For Losses

Here's something I find a bit sobering.... Discussions above have focused on needing to be prepared for equities to drop by 50% and thus, depending on one's AA, likely a smaller drop in overall portfolio value. But those computations appear to be premised on fixed income maintaining its value. But, ...
by friar1610
Tue Oct 02, 2018 7:23 pm
Forum: Personal Consumer Issues
Topic: Any (medicare plans) experience with Silver & Fit?
Replies: 21
Views: 1208

Re: Any (medicare plans) experience with Silver & Fit?

Just to clarify - fitness programs such as those discussed above are only available with Advantage plans, right? No way to get them with Original Medicare + TRICARE for Life (supplement) as I understand it.
by friar1610
Tue Oct 02, 2018 11:59 am
Forum: Personal Consumer Issues
Topic: My Experience in Buying a Burial Plot: The cost (in NJ)
Replies: 64
Views: 4469

Re: My Experience in Buying a Burial Plot: The cost (in NJ)

If I can talk my wife into it, I would like us to be buried (or, preferably cremated remains) in a national cemetery, since I am eligible as a veteran. That's my/our plan. Massachusetts National Cemetery on Cape Cod. Finally, a place at the Cape. Edited to add: and a free headstone. What's not to l...
by friar1610
Thu Sep 27, 2018 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Liquidating saving bonds?
Replies: 14
Views: 1228

Re: Liquidating saving bonds?

I was under the impression you couldn't get the tax break when you use them for grandkids' educational expenses. Is there a way that you can? There are a whole lot of restrictions on using the savings bonds for educational expenses. https://www.treasurydirect.gov/indiv/planning/plan_education.htm T...
by friar1610
Thu Sep 27, 2018 7:15 am
Forum: Investing - Help with Personal Investments
Topic: Liquidating saving bonds?
Replies: 14
Views: 1228

Re: Liquidating saving bonds?

If you have kids or grandkids then you may be able to use them for college expenses and get some tax advantages. You would count them as part of your bond asset allocation so it makes little sense to sell them and pay the taxes then buy riskier bonds that are paying 2%. If you sell any now you will...
by friar1610
Tue Sep 25, 2018 11:37 am
Forum: Personal Consumer Issues
Topic: Minimalist Lifestyle
Replies: 92
Views: 11694

Re: Minimalist Lifestyle

DW and I like to garage sale. It always amazes me how much stuff some people have to sell. And it is all stuff that they good money for and now are willing to unload for ten cents on the dollar. My favorite was the family that was selling around 50 sweatshirts with various college logos. Those thin...
by friar1610
Sat Sep 22, 2018 12:50 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3823
Views: 1079689

Re: What Movie Have You Recently Watched?

Operation Finale w/ Ben Kingsley. Based on the Israelis' tracking and capture of Nazi Adolph Eichmann and his return to Israel for war crimes trial. Excellent.
by friar1610
Sat Sep 22, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Moving to Dallas, how to establish residency
Replies: 47
Views: 2998

Re: Moving to Dallas, how to establish residency

Just got a position in Dallas, TX with the same company (finally). Currently live in OH. I will be getting an executive apartment for the rest of this year in the Dallas area. Will sell house in Jan and wife will follow. We plan to rent a house in the Dallas area. I would like to establish residenc...
by friar1610
Wed Sep 19, 2018 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to Dallas, how to establish residency
Replies: 47
Views: 2998

Re: Moving to Dallas, how to establish residency

Just got a position in Dallas, TX with the same company (finally). Currently live in OH. I will be getting an executive apartment for the rest of this year in the Dallas area. Will sell house in Jan and wife will follow. We plan to rent a house in the Dallas area. I would like to establish residenc...
by friar1610
Wed Sep 19, 2018 4:46 pm
Forum: Investing - Theory, News & General
Topic: Bonds. Why? (vs. cds)
Replies: 59
Views: 4744

Re: Bonds. Why? (vs. cds)

Let's all go back to the original discussion. It seems like tangents abound. Why not just get an FDIC insured 3 yr CD at 3.01 % instead of a bond for our low risk portion of our portfolio? Amen. And I think Dandy's post above does an excellent job of explaining the answer, along with a good real-li...
by friar1610
Sun Sep 16, 2018 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Total Bond or Total Bond/short-term
Replies: 48
Views: 4867

Re: Total Bond or Total Bond/short-term

Right now my wife and I have only VG Total Bond Index in our IRAs and we are taking RMDs. I'm thinking of moving 3 years worth either to the Short-Term Bond Index or to a 3 year brokered CD ladder (with the principal for each rung the same as the anticipated RMDs). As each year's CD matured, I woul...
by friar1610
Sun Sep 16, 2018 11:19 am
Forum: Investing - Theory, News & General
Topic: CDs role in Fixed income part of portfolio
Replies: 31
Views: 2883

Re: CDs role in Fixed income part of portfolio

I allocate a % of living expense to CD's. I have a CD ladder of 8 CD's with one maturing in the 3rd month of each quarter (2 year ladder). Each CD's $ value is 1/4th of a year's expense. My thought is that in a downturn where my other investments don't produce the expected income, I can expect a CD...
by friar1610
Sat Sep 15, 2018 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: Total Bond or Total Bond/short-term
Replies: 48
Views: 4867

Re: Total Bond or Total Bond/short-term

Right now my wife and I have only VG Total Bond Index in our IRAs and we are taking RMDs. I'm thinking of moving 3 years worth either to the Short-Term Bond Index or to a 3 year brokered CD ladder (with the principal for each rung the same as the anticipated RMDs). As each year's CD matured, I would...
by friar1610
Sat Sep 15, 2018 2:21 pm
Forum: Personal Consumer Issues
Topic: HOA Donation in Remembrance of Deceased Owner
Replies: 40
Views: 3166

Re: HOA Donation in Remembrance of Deceased Owner

I was on a condo trust board - not the same as an HOA but similar. My first take was that it wouldn't be appropriate. The more I thought about it, I decided it would be OK if : - it were a standard policy (I.e., you did it for every resident who died. - you had a standard amount, say $50 or $100 - y...
by friar1610
Thu Sep 13, 2018 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Question for RMD'ers with predominantly bond IRAs
Replies: 11
Views: 947

Re: Question for RMD'ers with predominantly bond IRAs

How about a cd ladder? Maybe 1-2 years in mm, then a 2-3 year ladder. Like many of the other respondents, we keep laddered CDs and short-term bond funds representing three years of RMDs in TIRAs. Our TIRAs are primarily invested in intermediate-term bonds, but with small equity stakes. We plan to t...
by friar1610
Thu Sep 13, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Question for RMD'ers with predominantly bond IRAs
Replies: 11
Views: 947

Re: Question for RMD'ers with predominantly bond IRAs

I'm taking RMDs. As long as it is just a few years' RMDs, I doubt if it would hurt much (loss of value vs. potential increase in income) no matter which way interest rates jump. I too have all of my bonds in an IRA and they are targeted for the source of the RMDs now and into the future. I've SWAG'...