Bogleheads.org

maniminto

Responses on this topic remind me of Yahoo Finance message board in 1999.
Lot of day traders expressing their opinions.

maniminto

Breakfast at 8 AM- black coffee, small portion of oatmeal with coconut milk, one egg omelette
Orange & almond snack around noon
Dinner at 5-6 PM: Brown rice and black beans/kidney beans/chicken/ plus vodka gimlet

1 meal a day seems like a grave deprivation.

maniminto

Vanguard answered the question for me. They say because of the current environment the risk of default is higher although it's still a 1 on their risk scale. That's interesting. I was told by Fidelity that since interest rates have dropped, the value of existing portfolio of muni investments have g...

maniminto

I hold two short term bond funds: 1. METWEST UNCONSTRAINED BOND M with a duration of 1.85 yr 2. DOUBLELINE LOW DURATION CL N with a duration of 1 yr As the interest rates have declined, so have the NAV of these funds. Can you please explain why the NAVs of these funds declined instead of going up wi...

maniminto

Hello,
I'm curious to see how fellow Bogleheads did last year in cash bonuses,
Could you share what yours was?

maniminto

If you are an "at will" employee, your employer can release you without any notification. My take on this subject is that you should evaluate the culture of your employer. If they let go of their employees with care and customary notification, you should do the same. If they let go of thei...

maniminto

Congratulations on your financial success at a relatively young age.
Perhaps you can share with the forum how you did it?
What is the split between your taxable & qualified assets?

maniminto

I use TurboTax, but do not efile.
Primary reason: I have no idea which worksheets and information is being sent with efile.
If I could review the forms that were being transmitted and they were not editable, I would opt for efiling.

maniminto

mhalley wrote: ↑Sat Feb 03, 2018 7:45 pm Probably doesn’t matter, but if you dca into equites in Taxable first, then further days like Friday might give you the opportunity to tax loss harvest.

Thank you mhalley

maniminto

I have been primarily in cash for about 2 years and have started to DCA back into the market to get back to my planned AA. my investable assets are split about equal between taxable and tax deferred money. I started to DCA at the end of last year and it will take me 6 months to a year to get back to...

maniminto

Thank you for your advice & thoughts Bfwolf, cfs & Chevca.

maniminto

My thoughts about the tax law changes are such the US economy might have been shifted from a slow growth model to a "boom and bust" cycle. Because you were easily spooked in 2016, I would not recommend a 50% stock / 50% bond portfolio. You might want to try the rising asset allocation mod...

maniminto

If I were you before I'd do anything I'd carefully consider what your reaction would be if once you are back to 50/50 and the market drops 50% what would you do? I'd suggest reading up on behavioral finance and how to decide on a proper asset allocation. There are plenty of suggestions in the wiki ...

maniminto

Based on what you wrote, I don't know if you are a good candidate for a 50/50 portfolio. It has a moderate amount of risk for your age. Why do you think future word headlines about the economy, politics etc will not cause you to make extreme changes to your portfolio like they did in 2016? I think ...

maniminto

I would greatly appreciate this forums advise on moving about $4M from FI/ cash to 50/50 AA. Some background: I'm 62 have about $4M in investable assets; $2.5M taxable and $1.5M tax deferred/qualified. I'm employed, earn about $200-$250K per year and have a $200K mortgage against a house valued arou...

maniminto

Where would you invest 120 months of expenses in FI? How many months of expenses would the 100/0 or 80/20 AA constitute?

maniminto

OP-What does #2 imply for you?
Most conservative AA I imagine would be completely in cash/MM/short term bonds or such instruments

maniminto

I recently transferred all of my previous work 401K's to a Vanguard MM IRA....so, sitting on the sidelines as I believe things are a bit dicey at this time and don't want to "buy high and sell low Are you completely out of the market with your taxable and tax deferred investments and in MM fun...

maniminto

"We have another around $ 500k in CDs & cash, our annual expenses are $160k which are met with present annual income of $180 k, we have no debt of any kind"

Are both of you retired? I did not follow the $180K annual income part. What is the source of this income?

maniminto

You'll come out ahead. However, beware of vesting schedule. Most employers nowadays have a cliff vesting of 3-4 years. Meaning if you leave the company before the vesting period, you forfeit the employer match.

maniminto

I reduced risk as my need to take risk decreased , and a couple of years after I first posted my plan I answered some questions about it . I made my asset allocation a function of adequate funding, not age. I'm not saying others should do so. As I indicated, I didn't design it for the purpose of wr...

maniminto

How much money are we talking about? and what percentage of your investable assets does it constitute

maniminto

I was referring to the conventional wisdom to have 30-40X of your expenses if you retire in the normal retirement band of 60-66 age. So, if your expected yearly expenses are $80K and you'll get $30K from SS + pension, the yearly amount you'll need will be $50K. The recommended retirement pool would ...

maniminto

Would you be retiring with 30-40X of your yearly expenses? Would you maintain a 50/50 or 60/40 AA during retirement? 10X in fixed income seems low to me, but then your pension +SS may be significant to warrant that. Based on 50/50 or 60/40 AA, I would think your fixed income should be in the 15-20X ...

maniminto

To the extent that you have no obvious debts to pay off or could really use the money to spend it on something, and excluding tax-deferred retirement accounts, would you treat money won differently than money earned for medium to long-term goals? Why? In my mind there is a distinct difference in ha...

maniminto

What is the split between taxable and tax deferred investments for the $4M assets?

maniminto

As I was droning on in another thread I eventually ended up where I always do. I have certain priorities for my retirement, many of which are time sensitive, so it is important for me to match up resources to time frames. Here are some of my priorities for retirement, I would enjoy hearing some fro...

maniminto

kishinev wrote:Total Investment Portfolio $3.6M

For your $3.6M investment holdings what is the split between taxable and qualified investments?

maniminto

The breakdown is $24K pre-tax, $27K after-tax and $9K employer match for a total of $60K which the maximum IRS allows for someone over 50. I am contributing after-tax so I can do a "mega backdoor ROTH conversion" later this year; about 15% of my 401k are after-tax contributions.[/quote] Th...

maniminto

New annual Contributions
$60K 401k ($9K employer matching contributions)

May I ask you how you are able to contribute $51K to the 401k plan with the present limit of $24K including catch-up contribution?

maniminto

Vanguard Municipal Money Market Fund (VMSXX) is completely liquid, exempt from federal tax and yielding 0.76%. For a high wage earner, the tax equivalent would be over 1%. Would this not be a better option than a CD where the money is tied-up for a year and yields 1% that is taxable?

maniminto

Vanguard federal tax exempt (MUNI) money market is yielding 0.76%.
This seems like an optimum option for taxable short term parking.

maniminto

Can Retirees please provide information about what their pre-retirement income was and what their annual post retirement expenses are?

This is to gauge the commonly accepted principal that retirees need 70% of their pre-retirement income during retirement.

Many thanks in advance.

maniminto

By & large the consensus seems to be around $100K. How much money does an average Boglehead make?

maniminto

I'd suggest to go with NVS rather than AZN

maniminto

Obviously the Boglehead crowd is not a proponent of market timing. I myself think that there is nothing wrong with going or being on the sidelines if it is warranted. You should examine the facts and make an educated decision based on substance: This market has gone up on pure speculation since late...

maniminto

Can you please provide some guidance on Monte Carlo simulator that is available in Portfolio Visualizer? What options should one be using for simulation period and simulation model? I would like to assess what the portfolio balance would be statistically if it's divided in various asset classes and ...

maniminto

"Just for the record, I calculated that the current sum of my IRA would be equal to the sum of compounding my contributions since 1974 in only one fund. Wellesley Income. " What are you saying here? Had you made all the contributions you've made to your IRA since 1974 to Wellesley, you'd h...

maniminto

Thank you.
They seem to be equivalent to Wellesley & Wellington mathematically in performance, but the mid cap ETF holdings are completely different than Wellesley's or Wellington's equity investments.

maniminto

Could you please guide me to identify which ETFs have the same consistency as Vanguard Wellesley's and Vanguard Wellington's equity component. I am interested in creating similar asset allocation but with tax exempt/efficient bonds. Many thanks in advance. I think most here would say to use Vanguar...

maniminto

Wellesley's bond/fixed income component is not tax efficient. So, probably not as attractive for taxable investments. I'm assuming the same applies to Wellington.

maniminto

Thank you

maniminto

Could you please guide me to identify which ETFs have the same consistency as Vanguard Wellesley's and Vanguard Wellington's equity component. I am interested in creating similar asset allocation but with tax exempt/efficient bonds.

Many thanks in advance.

maniminto

While it certainly wouldn't be a guarantee, I would suggest investing at least 50% of the funds in VWINX, Vanguard's Wellesley Income fund. It's current yield is 2.91%, and it's total return has been consistently in the 6-9% range for over a decade. Yes, you could lose money in this fund, but it's ...

maniminto

A 5 year guaranteed annuity would pay you 3.15% according to immediateannuities.com How much risk are you willing to take to get that last 85 bps? Whatever that risk level is 0-40% put in equities and like livesoft suggests once the blended return hits your 4% number, take the equity chips off the ...

maniminto

Thank you all for your input & advice. I had moved most of my investments to cash given the run up of the stock market and the political climate in the country. I intend to work in a structured fashion (as an employee) for another five years and then start consulting and take on projects occasi...

maniminto

You should also look at some version of the Larry Portfolio: 70% in 5 year Treasuries and 30% in the riskiest asset classes: small cap value, international small cap value, and emerging markets value. The maximum historic loss is in the high single digits and over time it's matched the S&P 500....

maniminto

A 5 year guaranteed annuity would pay you 3.15% according to immediateannuities.com How much risk are you willing to take to get that last 85 bps? Whatever that risk level is 0-40% put in equities and like livesoft suggests once the blended return hits your 4% number, take the equity chips off the ...

maniminto

Five years is a relatively short time period for stocks or bonds. I would use a CD ladder with a small amount of stocks and bonds (three fund portfolio). CD rates should rise as interest rates go up. CD's have no downside and are FDIC insured. It sounds like you've already made it, now you just don...

maniminto

Can I please get your input & advice on the least risky method to invest $4M to get a 4% return/year for the next 5 years? $2M is taxable and $2M is in qualified accounts. I will not need these funds for the next 5 years and the 4% return I'm looking for would be the blended return between taxa...

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