Search found 49 matches

by retiringwhen
Mon Oct 16, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Wills/Trust/Estate Planning - How best to review legal documents
Replies: 21
Views: 1486

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

My wife and I both have our IRA's at Fidelity and we have each other named as primary beneficiaries and our children named as contingent beneficiaries. I verified with Fidelity that when either my wife or I pass away, the surviving spouse could 'Disclaim' all or part of the IRA such that the childr...
by retiringwhen
Thu Oct 05, 2017 9:22 pm
Forum: Personal Consumer Issues
Topic: accounting software for churches?
Replies: 22
Views: 1374

Re: accounting software for churches?

We have used Quickbooks Online (and Quickbooks Desktop) for over ten years for a church with a $800K/year budget. It frankly is not well suited for a non-profit even with the add-ons. The budgeting model is broken and does not handle giving in any practical way for the needed reporting of donations....
by retiringwhen
Wed Oct 04, 2017 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Only bond fund in 401K is Pimco Total Return. Buy?
Replies: 15
Views: 648

Re: Only bond fund in 401K is Pimco Total Return. Buy?

A lot of the favored Vanguard bond funds mentioned around here are not index funds. They are just well run and low cost and people don't realize they are actively managed instead of indexed. So don't assume that everything has to be an index fund (although that is usually my first choice when avail...
by retiringwhen
Wed Sep 06, 2017 2:10 pm
Forum: Investing - Theory, News & General
Topic: Kitces: The fiduciary rule’s invisible boost...
Replies: 5
Views: 811

Re: Kitces: The fiduciary rule’s invisible boost...

Yes, that is good news and your brother is pretty perceptive, but it seems like something that was put in place to protect investors may benefit active managers because the performance of their funds will go up, and for a lot of uninformed investors, that's all they look at. Paul I agree, I have ot...
by retiringwhen
Wed Sep 06, 2017 12:06 pm
Forum: Personal Consumer Issues
Topic: Florida Hurricanes: When and where to go?
Replies: 141
Views: 12800

Re: Florida Hurricanes: When and where to go?

This is much too risky for me to live there, so we live in the NorthEast. I am risk adverse, I also own mostly low-risk index funds. Not near the coast, I assume. Personally, inland can be a false sense of security. We live in western NJ and Sandy trapped us in our neighborhood for 3 days until we ...
by retiringwhen
Wed Sep 06, 2017 9:28 am
Forum: Investing - Theory, News & General
Topic: Kitces: The fiduciary rule’s invisible boost...
Replies: 5
Views: 811

Re: Kitces: The fiduciary rule’s invisible boost...

Edward Jones has already made the shift by requiring investors to be placed in Guided Solutions with it's 1.35% fee. You won't see that fee's impact on net returns. Paul This change actually caused my brother to notice how much he was paying in fees to EJ, thus the beginning of his move towards eit...
by retiringwhen
Wed Sep 06, 2017 8:12 am
Forum: Personal Consumer Issues
Topic: Locking hub nuts on a vehicle - worth having?
Replies: 24
Views: 1171

Re: Locking hub nuts on a vehicle - worth having?

A friend woke up one day to find his car up on blocks and the wheels missing. That made me wonder if I should buy a set of locking hub nuts for my new vehicle. Then I ran across this, which illustrates that locking hub nuts are not likely to deter a thief for more than a few minutes. Is it still wo...
by retiringwhen
Wed Sep 06, 2017 8:09 am
Forum: Investing - Theory, News & General
Topic: Bogle's Book
Replies: 13
Views: 1691

Re: Bogle's Book

Would you recommend this book or The Bogleheads Guide to Investing as my first book? I have read both and they serve different purposes. If you want a practical guide on how to organize a fully integrated financial plan, the The Boglehead's Guide is an excellent introduction to the entire breadth o...
by retiringwhen
Sun Sep 03, 2017 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Question about Vanguard investment dividend.
Replies: 8
Views: 514

Re: Question about Vanguard investment dividend.

I don't see any dividend reinvestments since January when I contributed $5,500. I see some dividend reinvestments for previous years. Why is this? How do I know how much money is not reinvested and how do I reinvest the dividends? Again, I have the dividends and capital gains set to "reinvest". See...
by retiringwhen
Wed Aug 30, 2017 8:24 pm
Forum: Investing - Theory, News & General
Topic: Bogle's Book
Replies: 13
Views: 1691

Re: Bogle's Book

if it is like the 10th anniversary edition of the Common Sense Big book, it will mostly provide up to date data. There are less predictions in this book so probably less textual changes. I am not planning on buying a new copy, but wish it would come out earlier as I have plans to send copies to a co...
by retiringwhen
Wed Aug 30, 2017 7:34 pm
Forum: Investing - Theory, News & General
Topic: Bogle's Book
Replies: 13
Views: 1691

Re: Bogle's Book

Amazon Pre-orders are available here: http://a.co/dDVA6FJ
by retiringwhen
Fri Aug 18, 2017 6:44 am
Forum: Investing - Theory, News & General
Topic: Depositing checks by uploading image from computer?
Replies: 10
Views: 1132

Re: Depositing checks by uploading image from computer?

Anyone know of a good online savings account for check deposits by pictures uploaded from computer? Capital One just took away this capability. Barclays says they are compatible with most computers and scanners, so they may work, but I always take a picture with a digital camera instead of using a ...
by retiringwhen
Fri Aug 18, 2017 6:40 am
Forum: Investing - Theory, News & General
Topic: Depositing checks by uploading image from computer?
Replies: 10
Views: 1132

Re: Depositing checks by uploading image from computer?

My banks have all switched to deposit by phone camera only. More than one?! Wonder if they are all going to do away with computer image upload... My guess is that the phone app provides more security to the institution as they can control the source of the image (e.g. The phone or iPad's camera). I...
by retiringwhen
Sat Aug 05, 2017 6:52 am
Forum: Investing - Help with Personal Investments
Topic: Roth 401(K)
Replies: 24
Views: 1900

Re: Roth 401(K)

Unless we do something about the RMDs we will likely be at higher tax rates than today almost impossible to be lower. I saw the $500K number in a previous comment and that didn't quite fit with high RMD's. Seems like you need to be north of $4M to worry about RMD's, if you are in a high tax bracket...
by retiringwhen
Fri Aug 04, 2017 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401(K)
Replies: 24
Views: 1900

Re: Roth 401(K)

Spirit Rider wrote:
retiringwhen wrote:When looking at a back-door conversion, the pooling question only applies to an individual basis, not both spouses in a MFJ situation, right?
Correct.
Thanks!
by retiringwhen
Fri Aug 04, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401(K)
Replies: 24
Views: 1900

Re: Roth 401(K)

I'm only 34, and max my 401k up to 18k as I'm allowed. Company match is 6% of my salary+bonus. My breakdown is roughly 16k traditional 401k, and 2k Roth 401k. Don't ask why I do it this way... but over the past several years I've been doing it, and as my 401k balance grows it feels good knowing I'l...
by retiringwhen
Fri Aug 04, 2017 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401(K)
Replies: 24
Views: 1900

Re: Roth 401(K)

Retiringwhen: Like you, I realized several years ago that I was out of balance with a larger percentage of pre-tax retirement savings than would be optimal, and started making Roth contributions in my 403(b). There are a few potential complications that have not yet been mentioned. As you may know,...
by retiringwhen
Fri Aug 04, 2017 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401(K)
Replies: 24
Views: 1900

Re: Roth 401(K)

Please note that a Roth Conversion is different from a Backdoor Roth. The former you can do anytime. The latter can only be done when you are earning a wage. The break even point is if your marginal tax rate now will be the same as your marginal tax rate in retirement. Do you expect your RMD's + SS...
by retiringwhen
Fri Aug 04, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401(K)
Replies: 24
Views: 1900

Re: Roth 401(K)

The backdoor strategy is going to be interesting as I have a roll-over IRA from previous company 401(k) all pre-tax, my wife has a traditional IRA plus an Inherited Traditional IRA with current RMDs. It is going to take a bit for me to get my head around all the options and challenges there. If you...
by retiringwhen
Fri Aug 04, 2017 6:46 am
Forum: Investing - Help with Personal Investments
Topic: Roth 401(K)
Replies: 24
Views: 1900

Re: Roth 401(K)

Thanks for the feedback everyone. I get it now. the combined total of Pre-Tax and Roth contributions must be no more than $24,000 since am over 50... I am in a pretty high tax bracket now, so part of this analysis is trying to figure out the balance between pre-tax and Roth contributions. Something ...
by retiringwhen
Thu Aug 03, 2017 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401(K)
Replies: 24
Views: 1900

Roth 401(K)

My company has a very robust 401(K) offering (through Vanguard) that offers both Pre-tax and Roth contribution options. I am already put a significant portion into the plan via pre-tax contributions to ensure I receive the matching contributions from the company. I do not max out to the full legal l...
by retiringwhen
Tue Aug 01, 2017 6:49 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]
Replies: 63
Views: 4580

Re: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]

Are you saying Vanguard is competing with itself? I wouldn't frame it that way. I have to admit I don't have a clear idea of what that last post actually meant. You still haven't shown the central thesis, which you repeated, that: Vanguard has chosen to under-cut their costs structures to provide a...
by retiringwhen
Tue Aug 01, 2017 5:36 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]
Replies: 63
Views: 4580

Re: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]

My conclusion is this: Even 40+ years later, no company has come close to competing with Vanguard on its true competitive advantage which is the inverted corporate structure, being owned by the funds, owned by the customers. That is the feature which allows costs to consumers to be driven down and ...
by retiringwhen
Tue Aug 01, 2017 4:20 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]
Replies: 63
Views: 4580

Re: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]

Retiringwhen, Your examples are good but I am just concerned about the pendulum swinging too far towards providing a cheaper product at the expense of all the good things that a Fidelity provides. I have accounts at both Fido and VG. In my decades long experience with both, I have favored Fido's we...
by retiringwhen
Tue Aug 01, 2017 4:08 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]
Replies: 63
Views: 4580

Re: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]

^^^Or, costs remained fixed or grew sublinearly while AUM grew. There hasn't been evidence presented to support the contention that Vanguard has reduced prices due to competition. That's what the executive pay discussion is about, as it is a way to state that expenses are inflated on the balance sh...
by retiringwhen
Tue Aug 01, 2017 2:51 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]
Replies: 63
Views: 4580

Re: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]

What we are seeing is the creative destruction of capitalism. I too think this might be so. Perhaps the root cause of this is that more and more people want more and more stuff for free or nearly so. Every business whether in the financial industry, consumer staples, entertainment, farming, healthc...
by retiringwhen
Tue Aug 01, 2017 7:46 am
Forum: Investing - Theory, News & General
Topic: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]
Replies: 63
Views: 4580

Re: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]

* Those familiar with HTML should note the page's document title is "Fidelity Beats Vanguard on Index Mutual Funds", which is the text displayed in your browser tab. It's different than the title of the article. These marketing guys are good. Game on. :) Nice. Now our Fido Roths holding 100% FSTVX ...
by retiringwhen
Tue Aug 01, 2017 7:39 am
Forum: Investing - Theory, News & General
Topic: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]
Replies: 63
Views: 4580

Re: How Fidelity’s War With Vanguard Means Big Savings for Investors

Hopefully this doesn't mean that customer service will be heading south as well. That is the concern I have about the race to the bottom on fees. Low prices aren't everything, for example I don't shop at Wal-Mart. I think vanguard's issue is competence and training not number of workers. The stuff ...
by retiringwhen
Sun Jul 30, 2017 8:59 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 33783

Re: John Bogle Has Been Right About Investing In International Stocks

But in the end, if you are going to make a bet, you gotta decide, will the US outperformance over the long-run continue or are we just at one end of the pendulum swing? Amongst graying societies, the US will probably continue to perform better than its demographic cohort group. However, I would pos...
by retiringwhen
Sun Jul 30, 2017 8:14 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 33783

Re: John Bogle Has Been Right About Investing In International Stocks

But in the end, if you are going to make a bet, you gotta decide, will the US outperformance over the long-run continue or are we just at one end of the pendulum swing? Are you suggesting that it could be a 116 year long pendulum swing that we went through, and now it may start swinging the other w...
by retiringwhen
Sun Jul 30, 2017 7:30 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 33783

Re: John Bogle Has Been Right About Investing In International Stocks

I'm a skeptic about investing international stock, but if I'm right, then virtually all of the companies that run target date and target retirement funds are wrong. These companies include Vanguard, Fidelity, Schwab and TRP. In fact, Vanguard recently increased their foreign equity percentage from ...
by retiringwhen
Sun Jul 30, 2017 7:27 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 33783

Re: John Bogle Has Been Right About Investing In International Stocks

real returns on a global portfolio have been about 5% compounded annually since 1900. tbf: that 5% compounded is Total World, which includes US, correct. Per page 48 of the CreditSuisse report (thanks for posting, btw), ex-US is "4.3% per year, which is 2.1% less" than US... Right, so I don't know ...
by retiringwhen
Sun Jul 30, 2017 7:02 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 33783

Re: John Bogle Has Been Right About Investing In International Stocks

I'm a skeptic about investing international stock, but if I'm right, then virtually all of the companies that run target date and target retirement funds are wrong. These companies include Vanguard, Fidelity, Schwab and TRP. In fact, Vanguard recently increased their foreign equity percentage from ...
by retiringwhen
Sun Jul 30, 2017 3:10 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 33783

Re: John Bogle Has Been Right About Investing In International Stocks

I recommended to my MIL (who in about 90) to invest in the Vanguard Target Retirement Income Fund. I recommended to my daughter to invest in the age appropriate Vanguard Target Retirement Fund. Suppose that it turns out we observe that international beat US over the 24 years after my recommendation...
by retiringwhen
Sun Jul 30, 2017 1:39 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 33783

Re: John Bogle Has Been Right About Investing In International Stocks

One of the things I do find interesting, I almost never see anyone argue for an over allocation of international stocks. That tells me that home country bias and risk reward calculation already tilts 90% of investors towards an over allocation to US Stocks and this argument as witnessed by this thr...
by retiringwhen
Sun Jul 30, 2017 1:17 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 33783

Re: John Bogle Has Been Right About Investing In International Stocks

YMMV and if you believed that America is not as exceptional or safe as it was before, you may weigh the balance differently. When you see data like this... https://pbs.twimg.com/media/C8065GsW0AEoXDU.jpg ...it raises questions about how long such a divergence between global GDP share vs global mark...
by retiringwhen
Sun Jul 30, 2017 8:38 am
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 33783

Re: John Bogle Has Been Right About Investing In International Stocks

I think the reason these threads always contain so much cognitive dissonance is that the advice that Jack Bogle gives seems to be so self-contradictory. Here are his "twelve pillars of wisdom", which he first listed in his 1994 book Bogle on Mutual Funds : Pillar 1. Investing Is Not Nearly as Diffi...
by retiringwhen
Sat Jul 29, 2017 10:09 am
Forum: Personal Consumer Issues
Topic: Home Security System with/without monitoring
Replies: 40
Views: 3536

Re: Home Security System with/without monitoring

I was going to put in a do-it-yourself system, but I have decided to have a local alarm company swing by and take a look at the older wired system (Ademco, now Honewell) I have now (that I never activated) and see what can be done. Hate to reinvent the wheel since it is already wired up. I understa...
by retiringwhen
Fri Jul 28, 2017 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Which Credit Card Companies Do You Like?
Replies: 57
Views: 4319

Re: Which Credit Card Companies Do You Like?

Which credit card companies do you gravitate to, and why? I have been a long-time Chase user and agree they have excellent customer service and overall fraud protection, etc. I have gone with them for rewards on business travel almost entirely and find for that purpose they deliver well. I have ver...
by retiringwhen
Mon Jul 24, 2017 10:35 am
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 33783

Re: John Bogle Has Been Right About Investing In International Stocks

I didn't want to assume someone like Taylor would troll this board, but the more this sort of thing goes on, I think you may be right. The giveaway in this case should have been his linking to an article that hardly supports the conclusions of his post but is instead quite critical of Bogle's bet. ...
by retiringwhen
Mon Jul 24, 2017 8:58 am
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 33783

Re: John Bogle Has Been Right About Investing In International Stocks

Excoriating the OP for presenting facts that don't agree with some unstated "conclusion" that others have drawn on a contentious strategy is ridiculous. Why do you think Taylor is telling us that "Mr. Bogle has been right"? What conclusion are we to draw from that fact–or was the post pointless? I ...
by retiringwhen
Mon Jul 24, 2017 7:59 am
Forum: Personal Finance (Not Investing)
Topic: AnnualCreditReport Equifax
Replies: 31
Views: 2044

Re: AnnualCreditReport Equifax

That is not acceptable. Has this happened to anybody else recently? It can happen for various reasons and isn't necessarily a matter of timing (i.e. people run into this at various times). It's probably an issue with verifying your identity. You need to sort it out with the credit reporting agency....
by retiringwhen
Fri Jul 21, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: AnnualCreditReport Equifax
Replies: 31
Views: 2044

Re: AnnualCreditReport Equifax

So I see that a lot of folks have recently had issues with TransUnion and Equifax in this thread. Let me ask, have any of you been using www.creditkarma.com? I started using is about 2 years ago and they provide current reports with regular reporting from both TransUnion and Equifax. Once I signed u...
by retiringwhen
Thu Jul 20, 2017 4:59 pm
Forum: Investing - Theory, News & General
Topic: % bogleheads of overall population
Replies: 82
Views: 10844

Re: % bogleheads of overall population

I think folks that question the idea that 10% of the population may be millionaires are not factoring in that many people now have large retirement accounts that count as household assets that use to be tied up on defined benefit retirement plans thus not showing up in net worth calculations. With t...
by retiringwhen
Wed Jul 19, 2017 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Eliminate 0% CC balance?
Replies: 30
Views: 2439

Re: Eliminate 0% CC balance?

Mentally, it's bothering me to have the debt. However I do understand it's for lack of better terms free money. Would it be considered rational to just pay it off? It is 6,000. Or should I just continue my 12 month schedule to pay it down and invest/save the money instead? I agree with the posters ...
by retiringwhen
Wed Jul 19, 2017 8:42 am
Forum: Investing - Theory, News & General
Topic: % bogleheads of overall population
Replies: 82
Views: 10844

Re: % bogleheads of overall population

I can almost guarantee you that 99.5% of the population has no idea who Jack Bogle is or what a "boglehead" is. I knew of John Bogle for decades (and followed his preaching gladly) but only found out about this forum in the last 3 months! There are many "Bogleheads" who really take the "stay the co...
by retiringwhen
Wed Jul 19, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: 18 year old first credit card recommendations
Replies: 44
Views: 2545

Re: 18 year old first credit card recommendations

I would not co-sign when there are better and less risky (to parent) options available. The financial training wheels for your kid are coming off... good luck! I have three children (all adults now.) I learned the hard way to not co-sign for a credit card. I did that with one son at my local credit...
by retiringwhen
Sun Jul 09, 2017 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: FIRECalc like simulator with fixed withdrawals not CPI adjusted
Replies: 5
Views: 577

Re: FIRECalc like simulator with fixed withdrawals not CPI adjusted

Monte Carlo and Mean Reversion The aboves goes in depth a bit. Most basic is a 50-50 portfolio with treasuries to sell during a market crash or a CD ladder for liquidity in that event. I zero out in 25 years for example just in a column in Excel. No success ratio. A little too basic. MC should be b...
by retiringwhen
Sat Jul 08, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: FIRECalc like simulator with fixed withdrawals not CPI adjusted
Replies: 5
Views: 577

FIRECalc like simulator with fixed withdrawals not CPI adjusted

Hello folks, Long-term Boglehead here (since 1993 when I read "Bogle on Mutual Funds", with only a minor falling off the wagon during the .com Boom). I just didn't know my approach had a name or that this community existed until I needed to do a lot more near-term planning for retirement and estate ...