Search found 473 matches

by Beehave
Mon Jun 17, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should we retire in 4 years?
Replies: 31
Views: 3352

Re: Should we retire in 4 years?

Find a strong smart PhD student in a field directed at becoming a professor. Many years ago I studied philosophy. One of my friends took on a job servicing/selling fire extinguishers. Within months (as I recall) the owner was in heaven with his work ethic and morals and made an arrangement for him t...
by Beehave
Mon Jun 17, 2019 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice — asking for the “gray hair perspective”
Replies: 39
Views: 2540

Re: Career advice — asking for the “gray hair perspective”

My experience in two mega-corporations and one very small company (with 10 patents) - - If you have the drive to create intellectual property and you want it to be employed on a wide-scale basis within the company (not just part of your personal bag of tricks) it will be a very, very difficult road ...
by Beehave
Sun Jun 16, 2019 8:01 pm
Forum: Investing - Theory, News & General
Topic: Wellington VS Balanced Index
Replies: 36
Views: 5937

Re: Wellington VS Balanced Index

Wellington has a higher and thus riskier percentage of stocks-to-bonds than the Balanced Fund. But Wellington's stocks are more value-oriented and probably less risky. This looks like a wash, and in fact past performance is very close to a wash. No, it isn't. Since 1993, Wellington has had 1.33% hi...
by Beehave
Sun Jun 16, 2019 12:22 am
Forum: Investing - Theory, News & General
Topic: How safe are pensions in the U.S.?
Replies: 69
Views: 7138

Re: How safe are pensions in the U.S.?

Two thoughts/comments about the safety of pensions: - If your private company pension is transferred to an insurance company (converted to an annuity) it is no longer protected by the PBGC (see http://www.pensionrights.org/publications/fact-sheet/what-happens-when-pension-transferred-insurance-compa...
by Beehave
Sat Jun 15, 2019 10:35 pm
Forum: Investing - Theory, News & General
Topic: Wellington VS Balanced Index
Replies: 36
Views: 5937

Re: Wellington VS Balanced Index

Wellington has a higher and thus riskier percentage of stocks-to-bonds than the Balanced Fund. But Wellington's stocks are more value-oriented and probably less risky. This looks like a wash, and in fact past performance is very close to a wash. No, it isn't. Since 1993, Wellington has had 1.33% hi...
by Beehave
Sat Jun 15, 2019 3:30 pm
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 233
Views: 12017

Re: I'm thinking about buying a supercar anyone here done this and feedback?

Buy a low horsepower stick-shift car. Change your own oil. Splurge on an upgraded stereo and maybe Recaro seats. You will be at one with your vehicle and mindful of what you are doing.
by Beehave
Mon Jun 10, 2019 2:07 pm
Forum: Personal Investments
Topic: Parents' Investment plan--ages 75, both with illness, contemplating retirement home
Replies: 13
Views: 2009

Re: Parents' Investment plan--ages 75, both with illness, contemplating retirement home

Some annuities provide income and are implicitly bets on longer than average longevity. Othrs shelter assets for future, long-term growth. It seems your parents have adequate income for current needs, and are looking in the very near future to significantly larger expense for care that an annuity wi...
by Beehave
Fri Jun 07, 2019 11:04 am
Forum: Personal Investments
Topic: Bonds and Investing
Replies: 31
Views: 3389

Re: Bonds and Investing

There's a huge difference between you buying a bond and holding it to maturity, and you buying into a mutual fund and the manager of the fund holding it to maturity. That's because you may (and probably will, today) be buying into a fund and paying more than the par value of the bonds held. So even...
by Beehave
Fri Jun 07, 2019 10:34 am
Forum: Investing - Theory, News & General
Topic: Social Security Question
Replies: 15
Views: 1163

Re: Social Security Question

The way Social Security is funded, it appears there will be a cut of some 20 or 30% around 2035. On the surface, that might make taking the benefit earlier, rather than later, look good. However, if a way is found to fully fund Social Security or if significant inflation hits, delaying could look be...
by Beehave
Thu Jun 06, 2019 10:53 pm
Forum: Personal Investments
Topic: Bonds and Investing
Replies: 31
Views: 3389

Re: Bonds and Investing

OP asks: "Thank you for this explanation. So do bond fund managers at Vanguard buy and hold the bond until it matures? Do some bond fund managers try and beat the market by trading on their best estimate on what will happen to interest There's a huge difference between you buying a bond and holding ...
by Beehave
Thu Jun 06, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Pine Tree Incident
Replies: 31
Views: 3529

Re: Pine Tree Incident

In situations like this, my insurance company has always dictated the terms. Most of the time, they just have me get a single quote from someone on their preferred list and I write them a check for my deductible. The insurance company pays the rest. Easy. +1 I agree about working through the insura...
by Beehave
Wed Jun 05, 2019 12:06 pm
Forum: Investing - Theory, News & General
Topic: "Stay course" conflicts: Help me understand.
Replies: 10
Views: 1240

Re: "Stay course" conflicts: Help me understand.

I believe that if you read or listen to Rick Ferri, Larry Swedloe, Michael Kitces, or Wade Pfau the basic message will be that discipline means sticking to a plan where the plan includes allocation targets and rebalancing bounds to trigger rebalancing activities to stay within those allocation targe...
by Beehave
Wed Jun 05, 2019 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without a garage?
Replies: 95
Views: 5914

Re: Would you buy a house without a garage?

(edited - - Quote below is from Sandtrap - - my agreement with that post and my comment follows that - - apologies to Sandtrap for botching the quote function here!) This property sounds like a classic "white elephant". While you may cope with its "issues" and find it a "good deal", future buyers wh...
by Beehave
Wed Jun 05, 2019 11:22 am
Forum: Personal Consumer Issues
Topic: Company requiring salaried employees to clock in?
Replies: 92
Views: 4758

Re: Company requiring salaried employees to clock in?

My hunch would be that management wants to correct the behavior of or fire someone they feel is abusing the hours in a way that is harmful either to productivity or morale. This sounds like a way of diminishing the chance that a fired worker will be able to sue for wrongful termination. If this is t...
by Beehave
Tue Jun 04, 2019 3:21 pm
Forum: Personal Investments
Topic: Buying farmland shares through AcreTrader
Replies: 10
Views: 955

Re: Buying farmland shares through AcreTrader

I have looked into the following farmland REITS and have not bought. However, they may offer a better, more flexible, and more diversified deal than the one you're looking into: GLAD Gladstone Capital Corporation (Farmland REIT) FPI Farmland Partners REIT They've been discussed in the Bogleheads thr...
by Beehave
Sat Jun 01, 2019 4:10 pm
Forum: Investing - Theory, News & General
Topic: Why is Tangible Book Value Dropping for US Stocks?
Replies: 26
Views: 1343

Re: Why is Tangible Book Value Dropping for US Stocks?

Regarding the global situation - - here's a link discussing the issue for Japan relative to the USA and Europe:

https://asia.nikkei.com/Business/Busine ... -advantage
by Beehave
Sat Jun 01, 2019 4:01 pm
Forum: Investing - Theory, News & General
Topic: Why is Tangible Book Value Dropping for US Stocks?
Replies: 26
Views: 1343

Re: Why is Tangible Book Value Dropping for US Stocks?

Thanks to the OP for raising this issue. I was unaware and find this noteworthy and somewhat troubling. A Parable Back around 1997 or so, when Enron was flying high and I was naive enough to be trying my hand at stock-picking, I wanted to buy a utility company's stock for the dividend. I was a Forbe...
by Beehave
Fri May 31, 2019 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Pension Options
Replies: 14
Views: 1211

Re: Considering Pension Options

Without details on income, expenses, assets, etc. it's hard to say. However, one suggestion I'd make is to take the 100% spousal protection if you can possibly afford it. Also, just in case the idea of "self-insuring" by buying term insurance to the replace spousal benefit pops up because it wil be ...
by Beehave
Thu May 30, 2019 4:29 pm
Forum: Investing - Theory, News & General
Topic: Modeling Worst Case Scenarios & Does AA Matter When Consistently Contributing?
Replies: 16
Views: 1454

Re: Modeling Worst Case Scenarios & Does AA Matter When Consistently Contributing?

Here's a modeler for calculating Nikkei returns for any date ranges from 1950-on in yen, dollars, and with or without inflation adjustment. https://dqydj.com/nikkei-return-calculator-dividend-reinvestment/ I believe you will see very low but positive returns for recent 20 year or so spans. However, ...
by Beehave
Thu May 30, 2019 2:57 pm
Forum: Personal Investments
Topic: Account pension as part of bond allocation
Replies: 16
Views: 822

Re: Account pension as part of bond allocation

THE best advice I could give to anyone with 30 years until retirement would be to be as certain as possible to keep investing in your human capital by working reliably, diligently, increasing responsibility, and keeping up carefully with technology over time. Maintaining and improving your employmen...
by Beehave
Wed May 29, 2019 12:20 pm
Forum: Investing - Theory, News & General
Topic: Global Inflation - Targeted into Submission?
Replies: 22
Views: 1827

Re: Global Inflation - Targeted into Submission?

Central banks are concerned both with inflation and employment. Currently, central governments and central banks are discovering that fiscal deficits (spending by the government) can rise well-beyond previously expected limits without causing inflation (which would "require" interest raising by the ...
by Beehave
Wed May 29, 2019 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Lump sum versus annuity help
Replies: 22
Views: 1205

Re: Lump sum versus annuity help

From my experience having gone through multiple up and downturns in the market while working and then as a retiree: While working I was utterly fearless about market dips and crashes and I continued dollar cost averaging in on dips and I increased investments when dips started turning into crashes. ...
by Beehave
Mon May 27, 2019 6:36 pm
Forum: Personal Investments
Topic: 3-Fund Portfolio Question
Replies: 8
Views: 1080

Re: 3-Fund Portfolio Question

The Vanguard Total US index and Total International Index together have a bit over 10,000 stocks (according to the "number of stocks" field on the portfolio tab of the Vanguard web description for the funds). The Vanguard World Index holds a bit over 8,000 stocks. So there's some difference. My hunc...
by Beehave
Wed May 22, 2019 11:54 am
Forum: Investing - Theory, News & General
Topic: Delaying social security = harming nest egg?
Replies: 74
Views: 6239

Re: Delaying social security = harming nest egg?

Lots of insightful comments above. What I'd add is that the choice of when to take is not all or nothing (age 62 or 70) and that there are inflection points worth accounting for. The fundamentals as I understand them are that ocial Security goes up by about 6.5% per year between 62 and 66, and then...
by Beehave
Tue May 21, 2019 4:44 pm
Forum: Investing - Theory, News & General
Topic: Delaying social security = harming nest egg?
Replies: 74
Views: 6239

Re: Delaying social security = harming nest egg?

Lots of insightful comments above. What I'd add is that the choice of when to take is not all or nothing (age 62 or 70) and that there are inflection points worth accounting for. The fundamentals as I understand them are that ocial Security goes up by about 6.5% per year between 62 and 66, and then ...
by Beehave
Mon May 20, 2019 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Completely freaked out about withdrawing from retirement accounts....
Replies: 75
Views: 10207

Re: completely freaked out about withdrawing from retirement accounts....

I understand the concept of having worked to arrive at a position in which you have adequate monthly income in retirement and are reluctant to spend down your savings. If withdrawing some now helps you attain that in the near future, do it with pride in your planning and accomplishment. Also, the fa...
by Beehave
Thu May 16, 2019 9:30 am
Forum: Personal Investments
Topic: Income stream post retirement.
Replies: 35
Views: 3274

Re: Income stream post retirement.

Predicting what your personal circumstances, the tax codes, and the economy will be like years down the road leaves you with a wide range of possibilities. Therefore, diversification is wise. So - - some stocks, some bonds (treasuries, TIPS, corporate), and some annuity income all together make sens...
by Beehave
Tue May 14, 2019 12:14 pm
Forum: Investing - Theory, News & General
Topic: Nobody knows nothing and AA
Replies: 19
Views: 2220

Re: Nobody knows nothing and AA

There is a strong relationship between "nobody knows nothing" and AA. It's the same as for most forays into the unknown future where decisions have to be made. You define (even if somewhat blurry) a target for success and possible paths to it (not necessarily in that order. You look at probabilities...
by Beehave
Tue May 14, 2019 11:56 am
Forum: Investing - Theory, News & General
Topic: Should one diversify into annuities and not bonds?
Replies: 18
Views: 1958

Re: Should one diversify into annuities and not bonds?

I'd suggest diversity in fixed-income sources (admittedly at the expense of simplicity). Here's why. 1. Annuities are contracts with insurance companies. The post 2009 regulations restraining large insurance company behavior are apparently about to be rescinded. This may (or may not) be a red flag t...
by Beehave
Sun May 12, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Pension-Annuity or Lump dilemma
Replies: 12
Views: 964

Re: Retirement Pension-Annuity or Lump dilemma

At age 70.5 you will have to start taking required minimum distributions from your pre-tax IRAs/401ks. That will be over $40,000 per year. Your tax situation in retirement even with RMDs looks quite manageable, however, you should consider whether moving some money each year you are not working befo...
by Beehave
Sat May 11, 2019 10:43 am
Forum: Investing - Theory, News & General
Topic: Any danger in so much Vanguard money with Wellington Asset Management?
Replies: 4
Views: 1211

Re: Any danger in so much Vanguard money with Wellington Asset Management?

It seems to me that the Wellesley and Wellington Funds have been able to do well (somewhat comparable to stock indexes over time despite being balanced funds) through prudent, conservative stock picking and by emphasizing corporate bonds over treasuries. If the world craters into depression, I'd exp...
by Beehave
Fri May 10, 2019 2:54 pm
Forum: Investing - Theory, News & General
Topic: Balance Finds
Replies: 17
Views: 1307

Re: Balance Finds

Not sure I fully understand - - but since you cannot change the way the manager handles a balanced fund, I'd say the best way to change/control the rtio of stocks to bonds would be to hold two (or more) balanced funds and use new contributions, rebalancing, withdrawals, and/or redirection of dividen...
by Beehave
Wed May 08, 2019 6:47 pm
Forum: Personal Investments
Topic: investing advice
Replies: 12
Views: 1291

Re: investing advice

My friendly advice: (Edited to add - - Welcome to the board! Took a look and saw this is your 1st post.) 1. Stay away (far, far away) from any advisor who engages in market timing. Stay away (far, far away) from any advisor charging a 1.5% commission. 2. Make sure the 401k transfer is direct from th...
by Beehave
Tue May 07, 2019 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle Ideas ?
Replies: 19
Views: 2850

Re: Side Hustle Ideas ?

The community college "side hustle" is (a) not particularly lucrative (often about $1700 to $2400 pay per 3 credit course - - more for certain specialties) and requires a good deal of prep time the first few times you teach the course. After the first few you get better at it and the work is easier....
by Beehave
Fri May 03, 2019 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Move to South Florida or Baltimore?
Replies: 29
Views: 2912

Re: Move to South Florida or Baltimore?

Another vote for Howard County here. The schools are excellent. I am quite sure that services for students who need accomodations or special help will be much better in Maryland than Florida. Florida is rapidly moving money from public to charter schools. The charter schools do not have the same req...
by Beehave
Thu May 02, 2019 11:47 am
Forum: Personal Consumer Issues
Topic: Anyone ever used a water damage restoration company to help file insurance claim?
Replies: 22
Views: 1120

Re: Anyone ever used a water damage restoration company to help file insurance claim?

I had a similar experience to SRII. I would suggest going through the insurance company and using a contractor they either provide or recommend. There is a lot of subjectivity and grey area and room for shenanigans in this type of repair. Your job is probably small potatoes to a restoration company....
by Beehave
Wed May 01, 2019 9:52 pm
Forum: Personal Investments
Topic: Retirement Investment Advice
Replies: 5
Views: 497

Re: Retirement Investment Advice

Hard to give specific IRA advice without some more detail, however... The 40% stock 60% bond allocation, if it is your 1st choice, is probably where you should be relative to higher stock allocations. My own experience is that my fearlessness through three major dips while I was working and feeding ...
by Beehave
Sat Apr 27, 2019 2:56 pm
Forum: Personal Investments
Topic: Early Retirement Fixed Annuity?
Replies: 9
Views: 709

Re: Early Retirement Fixed Annuity?

In my opinion it would be good for OP to be mindful of the potential for inflation to eat away at at the value of an all-annuity-type allocation. Your real estate may well provide some protection, and Social Security may also -- but Social Security has a known problem point around 2034 that could po...
by Beehave
Thu Apr 25, 2019 9:12 am
Forum: Personal Investments
Topic: What to do? Sitting on the bench since October
Replies: 66
Views: 7302

Re: What to do? Sitting on the bench since October

You dumped 6 months ago when Dow was at 25K and now, a half a year later the Dow is up 4% at 26K. The "average" annual gain o the S&P is about 7%, so what you've experienced is nothing special. The real issue here is that you were not comfortable with your asset allocation 6 months ago. You need to ...
by Beehave
Wed Apr 24, 2019 9:35 am
Forum: Personal Investments
Topic: Close Vanguard and go all in with Fidelity?
Replies: 84
Views: 7315

Re: Close Vanguard and go all in with Fidelity?

I say you should keep your money with Vanguard. 1 Fidelity has a stronger incentive to get you into buying high cost funds, it's not known for being low cost (has been criticizing Vanguard for coming up with low cost index funds in the 80s) 2 Vanguard funds are quite decently managed, Fidelity's fu...
by Beehave
Tue Apr 23, 2019 4:14 pm
Forum: Personal Consumer Issues
Topic: Buying a TV
Replies: 32
Views: 1267

Re: Buying a TV

Toddlers stand right in front of TVs, so you are right to dump the x-ray emitting tube TV asap. However, be aware that today's TVs do emit electromagnetic radiation. So either mounting the TV away from the kids or keeping them away from the TV is probably still a good idea (I'm neither an EE nor an ...
by Beehave
Wed Apr 17, 2019 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: QLAC
Replies: 6
Views: 874

Re: QLAC

The chief benefit of the QLAC is that it can help provide longevity insurance. The major concern I'd have with the delayed fixed income of the QLAC would be the erosion of the value of its monthly payments in case of inflation. Overall, monthly income during retirement is extremely desirable, and th...
by Beehave
Thu Apr 11, 2019 9:28 am
Forum: Investing - Theory, News & General
Topic: Did I read this correctly? SS and your AA
Replies: 36
Views: 4092

Re: Did I read this correctly? SS and your AA

It's hard to figure out what missing premises could be added to make sense of the mish-mash below quoted from the article. The authors seem to be confusing income streams with asset allocations, and within income streams they randomly shift between claims about income streams in-general and fixed in...
by Beehave
Wed Apr 10, 2019 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Replacing Main car to get better safety features
Replies: 51
Views: 2157

Re: Replacing Main car to get better safety features

I traded in to get safety features under similar circumstances and age. I have found the rear (back-up) camera and rear cross traffic alert and the blind-spot warning functions to be very valuable. I had expected the lane departure warning and dynamic cruise control to be most important, but to me t...
by Beehave
Mon Apr 08, 2019 10:22 pm
Forum: Personal Investments
Topic: What's next when 401K/tIRA are maxed?
Replies: 24
Views: 3011

Re: What's next when 401K/tIRA are maxed?

My suggestions would be: - Move to Vanguard. The 10 funds in taxable are way overcomplicated and probably costly in fees or capital gains. Invest the funds in VG's Total US and Total International indexes. If the 10 funds have appreciated you'll have capital gains, but selling will set a new base va...
by Beehave
Sun Apr 07, 2019 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Self-Insurers: How are you planning and investing for old age care?
Replies: 47
Views: 2974

Re: Long Term Care Self-Insurers: How are you planning and investing for old age care?

Planning to use savings for any LTC costs. Order of deployment: 1st tap pre-tax IRA savings, then other savings. I believe if LTC costs are greater than 7.5% of income that they become tax deductible, so probably best to tap pre-tax funds first to pay for LTC.
by Beehave
Fri Apr 05, 2019 6:47 pm
Forum: Personal Investments
Topic: 2020 target retirement - 2 years in.
Replies: 7
Views: 1282

Re: 2020 target retirement - 2 years in.

When I looked into the Target Retirement funds they end up in the Target Retirement Income fund having reduced the stock-to-bond ratio to 30% stock - 70% bond over time, If you like the steady decrement of stocks ending in the Target Retirement Income Fund, you should stay with the 2020 fund. Intere...
by Beehave
Fri Apr 05, 2019 6:47 pm
Forum: Personal Investments
Topic: 2020 target retirement - 2 years in.
Replies: 7
Views: 1282

Re: 2020 target retirement - 2 years in.

When I looked into the Target Retirement funds they end up in the Target Retirement Income fund having reduced the stock-to-bond ratio to 30% stock - 70% bond over time, If you like the steady decrement of stocks ending in the Target Retirement Income Fund, you should stay with the 2020 fund. Intere...
by Beehave
Thu Apr 04, 2019 9:49 pm
Forum: Personal Investments
Topic: Advice for son begining to invest
Replies: 33
Views: 1677

Re: Advice for son begining to invest

livesoft wrote:
Thu Apr 04, 2019 1:44 pm
William Bernstein has the "If You Can" booklet as a good first read. It should be easily found by anybody with an internet connection who wants to start investing.
+1
Do this!
by Beehave
Thu Apr 04, 2019 9:22 am
Forum: Investing - Theory, News & General
Topic: Are annuities the best way to fund one's retirement?
Replies: 190
Views: 10329

Re: Are annuities the best way to fund one's retirement?

Annuities are said to reduce two major risks (1) deflation/market crash risk (2) longevity risk. The longevity risk mitigation comes with a caveat. If there's a significant inflation, the value of the annuity stream is diminished. An annuity that is, one way or another, backed up by an inflation pro...