Search found 332 matches

by TheDDC
Sun Jul 14, 2019 3:00 pm
Forum: Personal Investments
Topic: Frequent Trading Rule
Replies: 4
Views: 365

Re: Frequent Trading Rule

Does the 30 day frequent trading rule apply across multiple accounts? I am selling shares of Total Stock Market in my Roth IRA to adjust my asset allocation toward bonds. I have an auto invest for TSM in a taxable account. Can I buy this within the next 30 days within the taxable account? Edit: Fou...
by TheDDC
Thu Jul 11, 2019 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: anyone here use BillPay?
Replies: 22
Views: 1202

Re: anyone here use BillPay?

I've gotten used to paying most my bills this way at my bank, but I am amazed how some payments don't appear in my account for weeks or months even. Like I paid about 8 bills yesterday, to insurance and city sewer and gas card, but one doesn't show up in my account list of transactions. Yet when I ...
by TheDDC
Tue Jul 09, 2019 10:59 am
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 26852

Re: Americans believe they need $1.7 million, on average, to retire

Is that $1.7M per person or per household? If pp, that's way high. I think the people surveyed were thinking that's a number they'd rather have TODAY. The average American "man on the street" interviewed in this study has no concept of retirement savings. Most will be relying on SS which will need t...
by TheDDC
Mon Jul 08, 2019 11:10 pm
Forum: Personal Investments
Topic: Help - Talk to me like I'm 4 y/o please
Replies: 88
Views: 7120

Re: Help - Talk to me like I'm 4 y/o please

What's the point of contributing to the 529? Tax advantage space? You're not getting much for $600/year. You'll hear a lot of back and forth on this forum about the futility/limitations of the 529, but I am generally on the anti-529 side. Just keep it in the brokerage. Retirement comes first. -TheDDC
by TheDDC
Sat Jul 06, 2019 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly grandparents moving in with parents; what should they plan for?
Replies: 63
Views: 4806

Re: Elderly grandparents moving in with parents; what should they plan for?

Second friend couple cared for Dad until he was 96. Sentient to the end. Developed pneumonia at 96 and family plan was to keep him at home and let nature take its course rather than call 911 to take him to hospital. Pneumonia is a relatively easy death for the very old. Okay this downright sinister...
by TheDDC
Thu Jul 04, 2019 9:44 pm
Forum: Investing - Theory, News & General
Topic: How do you brace for impact?
Replies: 65
Views: 5758

Re: How do you brace for impact?

Umm... keep buying VTSAX? All these are are dips, some smaller and some larger.

-TheDDC
by TheDDC
Thu Jul 04, 2019 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Employers asking salaries
Replies: 47
Views: 5787

Re: Employers asking salaries

There’s more room for negotiation if going directly and no recruiter involved. Somewhat true? I have very little experience with that and its a pretty unanswerable question. It simply depends. Put another way, for us, even if you have your aunt negotiating, the package is going to be largely the sa...
by TheDDC
Mon Jul 01, 2019 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare Nightmare after wife's surgery
Replies: 84
Views: 7287

Re: Healthcare Nightmare after wife's surgery

If you hit your deductible, I wouldn't pay. If not, I would pay up to the deductible. Up to you who gets paid first.

-TheDDC
by TheDDC
Tue Jun 25, 2019 2:34 pm
Forum: Personal Consumer Issues
Topic: Purchasing Major Appliances from Costco
Replies: 39
Views: 4375

Re: Purchasing Major Appliances from Costco

I bought a Maytag Bravos 4.7 Cu Ft Washer/7.3 Cu Ft Dryer set back around 2010 for $1,399 for the pair which included a $300 off deal. I opted for the gas dryer, and the hookup for that was not included which was fine considering I needed gas piping work to be done anyway for that to happen. Otherwi...
by TheDDC
Sun Jun 23, 2019 3:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer private equity investments? Thoughts?
Replies: 69
Views: 6616

Re: Vanguard to offer private equity investments? Thoughts?

I have a friend who is a successful Wells Fargo advisor and loves to talk about his HNW clients and how he's always able to offer them "attractive PE deals". Yeah right. Most of these clients sound like fools who would flock to this service for the ego trip alone. I guess that's the only type of cus...
by TheDDC
Tue Jun 18, 2019 12:26 pm
Forum: Investing - Theory, News & General
Topic: How safe are pensions in the U.S.?
Replies: 87
Views: 9043

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

I don't believe this topic is actionable for a Boglehead who already saves enough via before tax and after tax vehicles, and has SS. There is nothing to do if one third of the stool is kicked out from under you except FIGHT. -TheDDC It is certainly actionable for Bogleheads who are planning ahead f...
by TheDDC
Tue Jun 18, 2019 10:13 am
Forum: Investing - Theory, News & General
Topic: Can't contact VG & "Your account information is temporarily unavailable"
Replies: 25
Views: 1021

Re: Vanguard down?

fsh71 wrote:
Tue Jun 18, 2019 10:10 am
Mobile app won't login, and after signing in on desktop I get "your account is not available at this time". Can't imagine this was a planned outage at 10am on a Tuesday. Hopefully it's short-lived.
I got in via web and mobile, but the site is dog slow.

-TheDDC
by TheDDC
Tue Jun 18, 2019 10:08 am
Forum: Investing - Theory, News & General
Topic: How safe are pensions in the U.S.?
Replies: 87
Views: 9043

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

I think they are far less safe than they are positioned to the public. I don't think that means people will lose their entire retirement or every pension is in danger, but I do think in some situations, some haircut is essentially guaranteed and should be planned accordingly. What's also troubling ...
by TheDDC
Sun Jun 09, 2019 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Attn: teachers....Daughter considering 80% teaching position. Good idea?
Replies: 64
Views: 5043

Re: Attn: teachers....Daughter considering 80% teaching position. Good idea?

You are correct about the WEP. That's why I mentioned the pension. If Maine's pension is well-funded, and the politicians are living up their end of the contract and paying in to the system, then great. If they are abdicating their responsibility and the pension is in trouble, she could be in finan...
by TheDDC
Sat Jun 08, 2019 11:16 pm
Forum: Investing - Theory, News & General
Topic: Insights From a Long Call With Vanguard Reps Today
Replies: 86
Views: 15609

Re: Insights From a Long Call With Vanguard Reps Today

Very interesting commentary. THANKS! I always wondered what kind of info you would get from PAS.

-TheDDC
by TheDDC
Wed Jun 05, 2019 11:49 pm
Forum: Personal Investments
Topic: Individual treasuries vs treasury funds
Replies: 41
Views: 3642

Re: Individual treasuries vs treasury funds

Which Vanguard treasury funds are we talking here? VUSXX? That's 9bp and a 50k minimum. Didn't find one for 7bp.

-TheDDC
by TheDDC
Wed May 29, 2019 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Diagnosed with cancer, anything else I should be doing?
Replies: 24
Views: 4275

Re: Diagnosed with cancer, anything else I should be doing?

Keep a detailed log of all meetings with practitioners for your own well being, but also in case you need to go to legal review if all is not well in the end. It sounds like all is going well, but this is a good idea regardless. It's amazing how much can be forgotten in even a week or two when discu...
by TheDDC
Tue May 28, 2019 11:20 am
Forum: Personal Consumer Issues
Topic: tankless water heater?
Replies: 37
Views: 3376

Re: tankless water heater?

Fellow BHs: Your thoughts/experience on installing a tankless water heater? Some of the questions I have are: 1) your particular reason and experience with an electric or a gas tankless? 2) are they operationally preferred over a conventional water heater? 3) if you were to replace your current wat...
by TheDDC
Mon May 20, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 18252

Re: High net worth, elite private or “good” public

Hello, my kids will be going into 4th 2nd and K this coming school year. The 2 oldest are doing well but my DW and I have growing reservations about the nearby public school system. Currently the elementary /middle / and high schools are all “B” rated schools (6/10 great school rankings). We have t...
by TheDDC
Fri May 17, 2019 10:13 pm
Forum: Personal Investments
Topic: Am I being ripped off?
Replies: 42
Views: 4822

Re: Am I being ripped off?

I'm currently managing 2/3 of my portfolio by myself in typical Bogleheads fashion. 1/3 of my portfolio, however, is managed by Morgan Stanley. I initially chose to do that as I wasn't entirely confident in my ability to manage such a large portfolio (seven figures), so it was sorta reassuring to h...
by TheDDC
Fri May 17, 2019 8:46 pm
Forum: Personal Investments
Topic: pension vs. 403(b) selection
Replies: 13
Views: 919

Re: pension vs. 403(b) selection

Your pension is treated as property. I would go for the pension hands down. Don't listen to the anti-pension people. Deferred benefits are benefits paid later in lieu of paying a competitive salary today.

COLAs are unearned and are subject to change until retirement. Big difference.

-TheDDC
by TheDDC
Fri May 17, 2019 2:33 pm
Forum: Investing - Theory, News & General
Topic: Will ETFs Replace Traditional Funds
Replies: 87
Views: 4977

Re: Will ETFs Replace Traditional Funds

If you are concerned ONLY about ERs on index funds, I would highly suggest opening a Fidelity brokerage or IRA where you can go with the Zero(tm) funds or pay 1.5 bps for funds that have had a longer track record than the Zero funds. My 403(b) is through Fidelity and I am able to buy funds at a much...
by TheDDC
Thu May 16, 2019 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Logistics of splitting tuition costs with child
Replies: 77
Views: 3457

Re: Logistics of splitting tuition costs with child

This is too complicated as evidenced by the replies. The fact is college tuition is a bubble waiting to burst. Best way to finance a bubble is with OPM.

Have your kid take a job that pays 75-100% of college tuition. In my state/area these jobs are plentiful.

Best of luck.

-TheDDC
by TheDDC
Wed May 08, 2019 10:07 pm
Forum: Personal Investments
Topic: investing advice
Replies: 12
Views: 1306

Re: investing advice

1.5% is atrocious. Market timing is stupid. There really is no need to pay someone to invest your nestegg, especially during the accumulation phase. Invest in the Bogle three fund portfolio as mentioned. Take this advice from myself and others who have been there, done that. If you absolutely can't ...
by TheDDC
Sun May 05, 2019 10:11 pm
Forum: Personal Investments
Topic: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?
Replies: 62
Views: 4384

Re: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?

You can assume, but that doesn't make it true unless your employer also agrees. Not to mention disability and other disagreeable surprises. Exactly, nothing is official until you’re at that point of receiving said pension. A lot of things can happen in between, and I’ve seen many people get screwed...
by TheDDC
Sun May 05, 2019 7:44 pm
Forum: Personal Investments
Topic: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?
Replies: 62
Views: 4384

Re: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?

Whatever is vested you should count. It gets a little tricker which discount rate to use to calculate present value... So don’t assume I’ll continue to work for a participating employer for the next 25 years and walk away with 70% of my final salary. You can assume, but that doesn't make it true un...
by TheDDC
Sun May 05, 2019 7:06 pm
Forum: Personal Investments
Topic: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?
Replies: 62
Views: 4384

Re: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?

I am 33, and 100% in stocks for both my 401k & Roth IRA. I realize this is pretty aggressive, but my reasoning is that I have a lot of cash in a HYSA, and once I retire I'll be getting a pension somewhere between 36%-63% of my final salary (depending if I early retire at around age 54 or retire at ...
by TheDDC
Sun May 05, 2019 7:03 pm
Forum: Personal Investments
Topic: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?
Replies: 62
Views: 4384

Re: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?

I am 33, and 100% in stocks for both my 401k & Roth IRA. I realize this is pretty aggressive, but my reasoning is that I have a lot of cash in a HYSA, and once I retire I'll be getting a pension somewhere between 36%-63% of my final salary (depending if I early retire at around age 54 or retire at ...
by TheDDC
Sun May 05, 2019 5:34 pm
Forum: Personal Investments
Topic: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?
Replies: 62
Views: 4384

Re: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?

I am 33, and 100% in stocks for both my 401k & Roth IRA. I realize this is pretty aggressive, but my reasoning is that I have a lot of cash in a HYSA, and once I retire I'll be getting a pension somewhere between 36%-63% of my final salary (depending if I early retire at around age 54 or retire at ...
by TheDDC
Sun May 05, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)
Replies: 62
Views: 5130

Re: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)

My fiancée and I are “new age” I suppose in that we were are considering living together as two high income people (both physicians) instead of marrying to avoid the marriage tax penalty. In addition, we have a significant net wealth difference (my>>her) which worries me if we marry then get divorc...
by TheDDC
Sun Apr 28, 2019 4:38 pm
Forum: Personal Investments
Topic: 42 and 39 years old, 2 kids, Please advice on Retirement/ Asset Allocation/ Tuition
Replies: 28
Views: 3278

Re: 42 and 39 years old, 2 kids, Please advice on Retirement/ Asset Allocation/ Tuition

I would not contribute to a 529. The higher ed bubble will (have to) break soon and if it's not spent on education expenses you get a penalty when withdrawn. Put as much as possible in tax advantaged/deferred space. If you decide it fits with lifeetyu as mentioned you can pay it out of a Roth. -TheDDC
by TheDDC
Fri Apr 26, 2019 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: For those with years on me...Can I afford this home?
Replies: 70
Views: 4778

Re: For those with years on me...Can I afford this home?

If you have to ask, you probably can't.

-TheDDC
by TheDDC
Thu Apr 25, 2019 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Advising financially unsavvy family on windfall
Replies: 77
Views: 5774

Re: Advising financially unsavvy family on windfall

My main observation is that folks who inherit need to keep themselves out of the clutches of well-meaning people including: 1. People at their bank. 2. People at their church. 3. People in their neighborhood. 4. People who are their friends. 5. People who are their family. 6. People who represent t...
by TheDDC
Tue Apr 23, 2019 9:29 am
Forum: Personal Consumer Issues
Topic: Best pillow under $50?
Replies: 33
Views: 2526

Re: Best pillow under $50?

One word: Costco.

We went and splurged on the $100 pillows at Bed Bath and Beyond when we first got married. Then we returned them and bought a few $15 pillows at Costco. Very comfy pillows.

-TheDDC
by TheDDC
Sun Apr 21, 2019 3:44 pm
Forum: Investing - Theory, News & General
Topic: American Funds vs Vanguard
Replies: 69
Views: 4582

Re: American Funds vs Vanguard

Franklin Templeton funds aren't the worst. A family member has the bulk of her IRA in FKINX. Without any new money going in the fund performance is *OK* and the fees aren't the worst I've seen for funds of this type. Wasn't my decision, but it could be worse I guess.

-TheDDC
by TheDDC
Sat Apr 20, 2019 12:02 am
Forum: Investing - Theory, News & General
Topic: This could be the biggest risk that retirees face?
Replies: 117
Views: 8664

Re: This could be the biggest risk that retirees face?

You're doing it wrong if you aren't planning with "preservation of capital" in mind. Down curve year over year should follow inflation, not spending. -TheDDC So retirees should plan as though they will live forever? I believe the term to describe would be closer to "generational wealth". That does ...
by TheDDC
Fri Apr 19, 2019 11:47 pm
Forum: Investing - Theory, News & General
Topic: This could be the biggest risk that retirees face?
Replies: 117
Views: 8664

Re: This could be the biggest risk that retirees face?

You're doing it wrong if you aren't planning with "preservation of capital" in mind. Down curve year over year should follow inflation, not spending. -TheDDC So retirees should plan as though they will live forever? I believe the term to describe would be closer to "generational wealth". That does ...
by TheDDC
Fri Apr 19, 2019 9:56 pm
Forum: Investing - Theory, News & General
Topic: This could be the biggest risk that retirees face?
Replies: 117
Views: 8664

Re: This could be the biggest risk that retirees face?

You're doing it wrong if you aren't planning with "preservation of capital" in mind. Down curve year over year should follow inflation, not spending.

-TheDDC
by TheDDC
Mon Apr 15, 2019 8:22 am
Forum: Investing - Theory, News & General
Topic: Financial Priorities - List
Replies: 19
Views: 1889

Re: Financial Priorities - List

Paisley wrote:
Sun Apr 14, 2019 9:06 pm
Permanent Life Insurance
Long Term Care Insurance
Umbrella Insurance
Brokerage Account / Real Estate, etc.
529 Plan
Alternative Investments
Wow. Your insurance salesman will love you based on this list. Why not term life instead of "permanent life"?

-TheDDC
by TheDDC
Sat Apr 13, 2019 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: How to avoid throwing money at problems?
Replies: 62
Views: 4349

Re: How to avoid throwing money at problems?

You can't have it all, it's impossible. Think about if you might be happier in a smaller house, with a lower income and more hours in the day to spend with your spouse and baby. If that's not right for you then you need to start "throwing money" at these problems or everything in your life is going...
by TheDDC
Fri Apr 12, 2019 3:39 pm
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 127
Views: 6391

Re: Soon to be dad, how to prepare

Bronko wrote:
Fri Apr 12, 2019 3:36 pm
Spend twice the time and half the money on the kids.
BINGO.

Also, we are fans of the Chicco car seats.

-TheDDC
by TheDDC
Fri Apr 12, 2019 3:36 pm
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 127
Views: 6391

Re: Soon to be dad, how to prepare

You seem to have spent much effort getting to this point. Don't farm/outsource the kid out to daycare. My recommendation. Oh, and one more thing for the OP. When you get confident advice from other folks that contradicts your best judgment, feel free to ignore them. For the OP: When you get respons...
by TheDDC
Fri Apr 12, 2019 3:17 pm
Forum: Investing - Theory, News & General
Topic: Equity valuation and not caring
Replies: 50
Views: 3122

Re: Equity valuation and not caring

I view P/E soothsayers as I view other "technical analysts". I don't trust them, or care what they have to say as "nobody knows nuttin'." I DCA over 40% of my annual income.

-TheDDC
by TheDDC
Fri Apr 12, 2019 3:14 pm
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 127
Views: 6391

Re: Soon to be dad, how to prepare

You seem to have spent much effort getting to this point. Don't farm/outsource the kid out to daycare. My recommendation. As for all the "stuff" you think you need, ask around to fellow parents on kid 2, 3, 4. They will tell you what was a waste and what was needed. My theory is 90% of the "baby stu...
by TheDDC
Wed Apr 03, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 6905

Re: Boglehead teachers or those married to one: some questions about career and life...

If she is vested she'll get the pension which is protected by law/state constitution. Don't listen to the "pension envy" people on this forum. Pension is a great benefit of her job but not the only one. Best pay is for admin jobs but that can be stifling. Some states may let you buy back service fro...
by TheDDC
Tue Apr 02, 2019 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: 11-year old with iPhone - advice on how best to manage?
Replies: 68
Views: 4638

Re: 11-year old with iPhone - advice on how best to manage?

Easy. Don't give him one. 11 year old doesn't need a phone. Can he pay for it himself?

-TheDDC
by TheDDC
Tue Mar 26, 2019 7:24 pm
Forum: Investing - Theory, News & General
Topic: M.I.T.'s Andrew Lo says Buy and Hold dosen't work
Replies: 116
Views: 19812

Re: M.I.T.'s Andrew Lo says Buy and Hold dosen't work

OK I'll bite. I buy and hold, and would imagine many people do on this forum easily. I am nowhere near retirement and am 100/0, so I've never had a need to sell. The only reason I sold was to buy into bank bonuses, but I didn't need to do that either. It all depends on one's fixed income sources. It...
by TheDDC
Tue Mar 26, 2019 6:11 pm
Forum: Personal Investments
Topic: 60/40 now or closer to retirement?
Replies: 32
Views: 3724

Re: 60/40 now or closer to retirement?

When people say they go to 60/40, is that at any age, or closer to retirement? Im confused with the "wealth building phase" Basically, any pointers? Thanks I view it as too conservative, personally, but I also factor a pension into the equation as a fixed income component. As long as you are not ve...
by TheDDC
Sat Mar 23, 2019 8:11 pm
Forum: Personal Investments
Topic: Role of Pensions and Social Security in Asset Allocation
Replies: 147
Views: 7100

Re: Role of Pensions and Social Security in Asset Allocation

I count both my state pension and SS as a bond allocation for retirement purposes based on present value. I also do have a cash value of the pension payable to me immediately that consists of all of my contributions (7.5% of salary over 15 years) with 4% interest. Pension is protected. I am 100/0 AA...
by TheDDC
Wed Mar 20, 2019 9:52 pm
Forum: Personal Investments
Topic: VUSXX or Online Savings Account
Replies: 1
Views: 378

Re: VUSXX or Online Savings Account

If I had that kind of money to put into fixed income and did not want the equity risk I would definitely look at VUSXX, or maybe 50/50. In a high tax (even a low/moderate tax state) the tax-free aspect has to factor into your return. It's also the least riskiest from a non-FDIC perspective as it's i...