Search found 239 matches

by Agggm
Mon Nov 26, 2018 11:56 pm
Forum: Investing - Theory, News & General
Topic: Annuities
Replies: 26
Views: 3069

Re: Annuities

If your health is average or better, I’d consider a SPIA. The best rates that I’ve found on SPIAs are through Vanguard. However, if health is below average, roll to IRA. Or take a “cash refund” or “period certain” option with SPIA. Even in poor health, getting a cash refund SPIA allows for higher s...
by Agggm
Fri Nov 16, 2018 6:42 am
Forum: Investing - Theory, News & General
Topic: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?
Replies: 75
Views: 5071

Re: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?

There is no consensus. The vagueness, and the inability of proponents to foresee and answer obvious questions, are the biggest weaknesses, in my opinion. It makes backtesting difficult and makes it clear the proponents never did a backtest of anything in their life. M* never did a backrest? Nope. A...
by Agggm
Thu Nov 15, 2018 11:56 pm
Forum: Investing - Theory, News & General
Topic: Annuities
Replies: 26
Views: 3069

Re: Annuities

If your health is average or better, I’d consider a SPIA. The best rates that I’ve found on SPIAs are through Vanguard. However, if health is below average, roll to IRA. Or take a “cash refund” or “period certain” option with SPIA. Even in poor health, getting a cash refund SPIA allows for higher s...
by Agggm
Thu Nov 15, 2018 11:48 pm
Forum: Investing - Theory, News & General
Topic: Annuities
Replies: 26
Views: 3069

Re: Annuities

I'm a big fan of having an inflation-adjusted SPIA to cover the income you need that isn't covered by Social Security. Trying to cover necessary expenses with investments that will probably work out (e.g. the 4% rule) is risky. Markets could crater and go Japanese for a few decades, interest rates ...
by Agggm
Thu Nov 15, 2018 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Wait, do I need a prenup?
Replies: 63
Views: 6817

Re: Wait, do I need a prenup?

I’m getting married in a few months and my fiancé and I have discussed getting a prenup. I’m having consultations with a few attorneys and I’m looking for any resources to better understand the components of a prenup, the considerations we may want to make, etc. any suggestions? EDIT: After reading...
by Agggm
Thu Nov 15, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: annuity with true COLA built in
Replies: 28
Views: 2045

Re: annuity with true COLA built in

I've been pricing Immediate annuities through the Vanguard link and it looks like can get 1 or 2 or 3 percent increases. Does anyone actually offer one with a true COLA? Maybe for a huge up front payment? Not that I could afford it... :( But it seems like anything else, give it your best guess. I'd...
by Agggm
Thu Nov 15, 2018 8:30 pm
Forum: Investing - Theory, News & General
Topic: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?
Replies: 75
Views: 5071

Re: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?

AlohaJoe wrote:
Wed Nov 14, 2018 10:21 am
There is no consensus.

The vagueness, and the inability of proponents to foresee and answer obvious questions, are the biggest weaknesses, in my opinion. It makes backtesting difficult and makes it clear the proponents never did a backtest of anything in their life.
M* never did a backrest?
by Agggm
Tue Nov 13, 2018 11:10 pm
Forum: Investing - Help with Personal Investments
Topic: Army Veteran here in need of help with an annuity builder problem.
Replies: 3
Views: 416

Re: Army Veteran here in need of help with an annuity builder problem.

So, I am going to try and explain my situation, and ask questions, to the best of my abilities since my knowledge in this field is limited, but what little I do know comes from reading and being self taught. Here we go. Back in April 2016 I enrolled in the CB Life Security Builder Program through A...
by Agggm
Wed Oct 31, 2018 11:20 pm
Forum: Investing - Theory, News & General
Topic: Why I'm NOT 100% stocks
Replies: 36
Views: 5184

Re: Why I'm NOT 100% stocks

Here's why I'm not 100% stocks: Let's suppose I have $1M with 75% in a total stock market fund and 25% in a total bond fund or cash. Let's say there is a crash like the Great Depression and my stock fund drops 90%. Let's suppose my cash/bond fund stays the same. I now have $75k in equities and $250...
by Agggm
Tue Oct 30, 2018 11:51 pm
Forum: Investing - Theory, News & General
Topic: Why I'm NOT 100% stocks
Replies: 36
Views: 5184

Re: Why I'm NOT 100% stocks

Here's why I'm not 100% stocks: Let's suppose I have $1M with 75% in a total stock market fund and 25% in a total bond fund or cash. Let's say there is a crash like the Great Depression and my stock fund drops 90%. Let's suppose my cash/bond fund stays the same. I now have $75k in equities and $250...
by Agggm
Sun Oct 28, 2018 9:41 pm
Forum: Investing - Theory, News & General
Topic: Why I'm 100% stocks
Replies: 149
Views: 17400

Re: Why I'm 100% stocks

I find these 100% stock allocation threads hilarious. "Look at how brave I am, aside from my cash allocation and pension, I am absolutely 100% no questions committed to equities. Man, I am brave" Most of these posters have never faced an adverse equity markets and have no idea what their real risk ...
by Agggm
Sat Oct 27, 2018 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Help! For a larger size taxable account do I pay an advisor?
Replies: 51
Views: 4106

Re: Help! For a larger size taxable account do I pay an advisor?

Very stressed out about this, losing sleep over what to do. I have a taxable account that I am not doing a good job managing.... mix of etfs, individual stocks, lost about 100K this year. For a taxable account is it worth it to hire an advisor quoting at just under 1% to manage the account and do t...
by Agggm
Sat Oct 27, 2018 1:35 pm
Forum: Investing - Theory, News & General
Topic: Why I'm 100% stocks
Replies: 149
Views: 17400

Re: Why I'm 100% stocks

nisiprius wrote:
Thu Oct 25, 2018 6:40 am
Why did you choose the number "100%?" Why are you convinced that a little leverage, 120% stocks, say, would not be better yet? What parts of your argument do not apply to the situation of 120% stocks?
Capital call risk.
Margin rate risk.
Opportunity risk.
Return sequence risk.
by Agggm
Sun Sep 23, 2018 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: Im going to die somewhere between Bankruptcy and $20 million
Replies: 46
Views: 9746

Re: Im going to die somewhere between Bankruptcy and $20 million

So first, I think you're doing great, keep it up! I think you're either a lot closer to the finish line than you realize or you will finish with a lot more than you realize. Either way, you're doing great. You seem pretty risk-adverse. One thought, price out a $60k annuity at your current age, in 2...
by Agggm
Sun Sep 23, 2018 3:01 pm
Forum: Investing - Theory, News & General
Topic: Zero-ER Fidelity Funds [Closed to new investors?]
Replies: 38
Views: 3025

Re: Fidelity zero ER funds closed?

I'm skeptical that we know all we should about the Zero ER funds. Unless Fido is content to have a product with zero income and some level of expense, an extremely doubtful scenario, then they are making money somewhere that is not apparent. They state they'll make money from securities lending. Va...
by Agggm
Sun Sep 23, 2018 2:57 pm
Forum: Investing - Theory, News & General
Topic: Zero-ER Fidelity Funds [Closed to new investors?]
Replies: 38
Views: 3025

Re: Fidelity zero ER funds closed?

I'm skeptical that we know all we should about the Zero ER funds. Unless Fido is content to have a product with zero income and some level of expense, an extremely doubtful scenario, then they are making money somewhere that is not apparent. They state they'll make money from securities lending. Va...
by Agggm
Sun Sep 23, 2018 2:52 pm
Forum: Investing - Theory, News & General
Topic: Zero-ER Fidelity Funds [Closed to new investors?]
Replies: 38
Views: 3025

Re: Fidelity zero ER funds closed?

I'm skeptical that we know all we should about the Zero ER funds. Unless Fido is content to have a product with zero income and some level of expense, an extremely doubtful scenario, then they are making money somewhere that is not apparent. Why is that a problem? Vanguard funds often beat their in...
by Agggm
Sun Sep 23, 2018 2:23 pm
Forum: Investing - Theory, News & General
Topic: Zero-ER Fidelity Funds [Closed to new investors?]
Replies: 38
Views: 3025

Re: Fidelity zero ER funds closed?

I'm skeptical that we know all we should about the Zero ER funds. Unless Fido is content to have a product with zero income and some level of expense, an extremely doubtful scenario, then they are making money somewhere that is not apparent. They state they'll make money from securities lending. Va...
by Agggm
Sun Sep 23, 2018 2:21 pm
Forum: Investing - Theory, News & General
Topic: Zero-ER Fidelity Funds [Closed to new investors?]
Replies: 38
Views: 3025

Re: Zero-ER Fidelity Funds

Why do you want to buy these funds? Why not stick with iShares S&P 1500 (ITOT) which they sell at the Bid/Ask spread without commission and feature a low ER of 0.03% ($.30 per $1000). If you walk into the poker room and you can't instantly identify the "phish".. it is you. What is free is often not...
by Agggm
Tue Sep 18, 2018 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Complete Beginner to investing, 24 years old
Replies: 24
Views: 3314

Re: Complete Beginner to investing, 24 years old

Hi, I did try to find stickies on beginner's guides, etc, but wasn't able to. I apologize if this is already stickied somewhere. Background: Employed 24 years old, dual UK / US citizen living in Florida (just moved to the US from UK 3 months ago). Savings of around USD 20k in US and around GBP 45k ...
by Agggm
Tue Sep 18, 2018 10:49 pm
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 78
Views: 7171

Re: Is there such thing as saving TOO much?

I am in a situation where my bills are relatively low. (Single, no kids). I live a pretty basic, simple, and frugal lifestyle. (10 year old reliable car, prepaid cell phone, cut my own hair etc). I am saving roughly 50%+ of my salary, Investing mostly in VTSAX and some liquid savings accounts for a...
by Agggm
Tue Sep 18, 2018 10:42 pm
Forum: Personal Consumer Issues
Topic: Buy-Out BMW Lease / Buy More Practical New Model / Buy Practical Used Model? Help
Replies: 82
Views: 3664

Re: Buy-Out BMW Lease / Buy More Practical New Model / Buy Practical Used Model? Help

Hi all, I am 53, take-home about 42K, unmarried, no children….what would you do? —————————————- I leased a 2016 BMW 328I Miles: 8K and in excellent shape (I don’t drive much) Lease expires in one month Will Have Paid total of $16,000 in monthly payments by lease-end Current Value of Car: $22,000 Bu...
by Agggm
Tue Sep 18, 2018 10:40 pm
Forum: Investing - Theory, News & General
Topic: Bonds. Why? (vs. cds)
Replies: 59
Views: 4814

Re: Bonds. Why? (vs. cds)

If we can assume that US interest rates are going to keep going up slowly through the next few years, why is better to invest in Bonds, vs. just investing in a CD ladder? Do Bonds Yield more than CDs? Ally has 2.5% CDs for a one year period, for instance (for a 25K minimum). The opportunity risk of...
by Agggm
Tue Sep 18, 2018 10:37 pm
Forum: Investing - Help with Personal Investments
Topic: Dollar cost average funds being transferred to new retirement account?
Replies: 25
Views: 1776

Re: Dollar cost average funds being transferred to new retirement account?

I am in process of transferring accounts from an advisor-managed portfolio to simplified Vanguard portfolio. After I sell holdings in advisor-managed account and transfer funds to Vanguard, does it make sense to dollar cost average the purchase of new Vanguard funds? Or since funds are already inve...
by Agggm
Tue Sep 18, 2018 10:31 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation calculator
Replies: 55
Views: 3984

Re: Asset allocation calculator

I am in the process transferring funds from advisor-managed portfolio to a 3 or 4 fund portfolio at Vanguard. I've been using MaxiFi to back out what level of return I need to achieve retirement goals. Once I have that number, I'd like to work out correct stock/bond allocation to achieve that retur...
by Agggm
Sat Sep 08, 2018 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: returns for the next decade
Replies: 40
Views: 4320

Re: returns for the next decade

Thegame14 wrote:
Thu Sep 06, 2018 4:20 pm
IT will be EXACTLY 4.72%
lol
by Agggm
Sat Sep 08, 2018 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation after paying off mortgage
Replies: 22
Views: 1870

Re: Asset allocation after paying off mortgage

Hello all. Thank you in advance to all the fantastic people on this board. Recently I paid off my mortgage. ( I know, that's a whole other discussion). I feel blessed that I could pay it off while in my early 50s and have a good deal remaining for retirement, which could be 5 years away, in some fo...
by Agggm
Sat Sep 08, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 306
Views: 40902

Re: Low-earners- What is your profession?

I was blown away with some of the salaries I've seen here. My focus isn't as much on the $$ figures but how it relates to spends. For example, a guy making $500k living in a $2mm house is doing worse in terms of mortgage vs salary than a guy making $60k living in a $180k house. I rather be the form...
by Agggm
Sat Sep 08, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 306
Views: 40902

Re: Low-earners- What is your profession?

Just for informational purposes, currently the median household income in the U.S. is about $56k. This is a pretty humorous thread. Folks making just under $100K calling it "low-income"? Our family makes much less, and we aren't low income. Please change the title. I agree with the above statement....
by Agggm
Sat Sep 08, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Should I keep my financial advisor
Replies: 131
Views: 8045

Re: Should I keep my financial advisor

Hello all, I'm a long time lurker but first time poster. I'm 33yrs old, married, no kids yet but planning to have one soon. I currently have a fee only financial advisor that manages my investment and other aspects of personal finance. They charge flat retainer fee of 5k per year, soon to go up to ...
by Agggm
Wed Aug 29, 2018 7:45 am
Forum: Personal Finance (Not Investing)
Topic: I still use cash not credit cards should I reconsider?
Replies: 102
Views: 7967

Re: I still use cash not credit cards should I reconsider?

There are 1,000,000 CC threads but the general answer is: if you'd like to go through life with a 2% discount on everything you should get a credit card. Regarding your questions about keeping track--if you're just walking around with a stack of $20s and replenishing when you are low, I can't imagi...
by Agggm
Sun Aug 26, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating the average combined return of several mutual funds?
Replies: 5
Views: 366

Re: Calculating the average combined return of several mutual funds?

I'm embarrassed by my inability to find this answer elsewhere before having to ask it here: our son has 8 mutual funds (equities, F.I., international). I'm recommending either a. 3 fund portfolio or b. a target date fund (he's 33). Want to figure out the average annual return of the COMBINED funds....
by Agggm
Sun Aug 26, 2018 5:09 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 107051

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=2&startYear=2000&endYear=2009&initialAmount=2000000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&portfolio1=Custom&portfolio2=Custom&portfolio3=Custom&TotalSt...
by Agggm
Sun Aug 26, 2018 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Game Changing Inheritance of Stocks! Now what?
Replies: 75
Views: 7156

Re: Game Changing Inheritance of Stocks! Now what?

Hi There. My wife recently inherited a windfall from her late dad -- 2 shares of Berkshire Hathaway stock-- 2 of BRKA and 1500 shares of BRKB (which is roughly the equivalent of 1 share of BRKA). We are 2 public school employees in our early 40's. All of our debt is paid off except for a $275K mort...
by Agggm
Tue Jul 10, 2018 11:38 pm
Forum: Investing - Help with Personal Investments
Topic: Target date funds....unsophisticated?
Replies: 64
Views: 5115

Re: Target date funds....unsophisticated?

Target date funds, really? If someone posted they changed their AA every year, paid higher fees for investing than they needed to so someone else could manage their investments, invested in funds that unnecessarily manufactured taxable events every year, and set an AA that didn’t really match their...
by Agggm
Mon Jul 09, 2018 11:13 pm
Forum: Personal Consumer Issues
Topic: Whole Foods -- any drop in prices after Amazon takeover ?
Replies: 31
Views: 4120

Re: Whole Foods -- any drop in prices after Amazon takeover ?

lightheir wrote:
Mon Jul 09, 2018 9:29 pm
No overall price drop from what I'm seeing.

Wf still equals whole paycheck.
Lol... WF ain't that bad. Groceries are super cheap in the US.
by Agggm
Wed Jun 13, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 505
Views: 115188

Re: Anyone regret paying off mortgage early?

Being debt free is the best feeling ever! LynnC I paid off my mortgage at 34. I haven't carried debt since. And I disagree that being debt free is the best feeling ever. In fact, to me, it has been surprisingly anticlimactic. Do I regret it? No. But that's because dwelling on the past is useless. W...
by Agggm
Sun May 27, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 250
Views: 33256

Re: Why pay cash for a car?

Before i paid off my car the interest rate was 1%. My online savings account is earning 1.3%. I do really like being debt free though. But am i missing out on cheap money? The interest income is taxable and the car loan interest isn’t deductible so you are probably losing on the deal. Gill At a tot...
by Agggm
Sun May 27, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: Should REITs and BDCs be looked at more like bonds?
Replies: 20
Views: 1916

Re: Should REITs and BDCs be looked at more like bonds?

Most portfolios rely on bonds to provide safety and reduce volatility. REITs and BDCs provide neither. I think that they are sensitive to interest rates (as are bonds), but are higher-risk, possibly higher-reward investments. They perhaps share some characteristics of high-yield bonds, but may not ...
by Agggm
Wed May 09, 2018 7:39 am
Forum: Investing - Theory, News & General
Topic: Why International again?
Replies: 224
Views: 27439

Re: Why International again?

I understand it adds diversification--but as far as I can see, it primarily adds volatility to a portfolio. I just noticed this part re-reading your post. According to this Vanguard study, adding between 1% and 60% international decreases volatility: https://www.vanguard.com/pdf/ISGGEB.pdf +1
by Agggm
Thu Apr 26, 2018 1:08 am
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 7419

Re: Who benefits from "best and final offer" on condo?

I am curious about the reasoning behind "best and final" offer requests when purchasing a home. We put an offer in for a condo at $1.25m, all cash, no contingencies. We were confident in the condo being an excellent fit. The asking price was $1.19m. After filtering out many offers, they got down to...
by Agggm
Wed Apr 18, 2018 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: Why am I even holding BND? It has only been losing me money.
Replies: 62
Views: 10399

Re: Why am I even holding BND? It has only been losing me money.

stocknoob4111 wrote:
Wed Apr 18, 2018 8:58 pm
Agggm wrote:
Sat Apr 14, 2018 6:28 pm
I hold no bonds. No plans to ever hold them.
so what do you use for the fixed income part of your porfolio? Or are you 100% equities?
I don't have a fixed income part.
by Agggm
Tue Apr 17, 2018 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me with arguments for/against actively managed...
Replies: 34
Views: 2536

Re: Please help me with arguments for/against actively managed...

I am in a debate with a friend regarding performance of an actively managed portfolio that charges 1.2% fees per year vs. a three fund strategy at Vanguard. Please help me with the pros/cons of this argument. Thanks in advance. Love, RR If you want to invest with active managers, do it. If you want...
by Agggm
Mon Apr 16, 2018 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 19489

Re: Can I retire at age 40?

Bacchus01 wrote:
Mon Apr 16, 2018 7:24 am
No.

Find a different job, even if it pays less. Balance.
Exactly.
Not yet.
by Agggm
Sat Apr 14, 2018 6:28 pm
Forum: Investing - Help with Personal Investments
Topic: Why am I even holding BND? It has only been losing me money.
Replies: 62
Views: 10399

Re: Why am I even holding BND? It has only been losing me money.

So I've been indexing with maintenance of the following proportions: 60% VTI 30% VXUS 10% BND So 90% stock, 10% bond index portfolio. For last few years VTI and VXUS have been going fine, but BND is stagnating and even losing me money. Furthermore, bonds are in a bubble. So...any point even holding...
by Agggm
Thu Apr 12, 2018 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?
Replies: 93
Views: 19408

Re: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?

cjcerny wrote:
Wed Apr 11, 2018 6:50 am
Sounds like you should be considering purchasing a simple fixed annuity with some or all of that $4 million.
No.
by Agggm
Thu Apr 12, 2018 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Results after investing my Emergency Fund for 3yrs
Replies: 20
Views: 4114

Re: Results after investing my Emergency Fund for 3yrs

Having an emergency fund, when stock mutual funds are so liquid, was one of the worst decisons i have made, and so i have gotten out of it. I cant believe i tied up that money for so long in a money market fund. Stock funds may be liquid, but that doesn’t mean they won’t drop in value at the same t...
by Agggm
Sun Apr 01, 2018 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Results after investing my Emergency Fund for 3yrs
Replies: 20
Views: 4114

Re: Results after investing my Emergency Fund for 3yrs

Having an emergency fund, when stock mutual funds are so liquid, was one of the worst decisons i have made, and so i have gotten out of it. I cant believe i tied up that money for so long in a money market fund. Stock funds may be liquid, but that doesn’t mean they won’t drop in value at the same t...
by Agggm
Tue Mar 27, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard sends out erroneous "not enough money in settlement fund" notice]
Replies: 94
Views: 7637

Re: Concerns with Vanguard

As far as security concerns go, I've worked at financial instituions my whole life and the major ones all have similar strengths and concerns. There is a case for diversifying to reduce the risk of losing everything to one hacker- but a counter argument that it's in effect multiplying the number of...
by Agggm
Mon Mar 26, 2018 10:48 pm
Forum: Investing - Theory, News & General
Topic: Rationale for a 30% ex-US equity allocation
Replies: 30
Views: 3898

Re: Rationale for a 30% ex-US equity allocation

I really don’t understand the aversion to true global market cap weighting on this forum. The US only represents a quarter of global GDP, and therefore we’re already over-represented in market cap indexes at 50%. If nothing else, at least consider that international has lagged US for years now; kee...