Search found 97 matches

by bgyt
Fri Dec 13, 2019 2:42 pm
Forum: Personal Investments
Topic: Help finding an Advisor to analyze my Retirement Plan
Replies: 3
Views: 295

Help finding an Advisor to analyze my Retirement Plan

I've run the calculators and the models, but I would like a 2nd set of eyes on my detailed retirement plan before I jump.

How do I find an advisor for this one-time function. I've never been to a financial advisor in my life.
by bgyt
Wed Nov 13, 2019 1:28 pm
Forum: Investing - Theory, News & General
Topic: Best Book for 20-something starting a career
Replies: 11
Views: 1164

Best Book for 20-something starting a career

Which Boglehead book (or non-BH) would you recommend to a relative starting out his career post-college. Something that clearly lays out the BH philosophy (investing, debt, etc.) but has to be easy to consume since book recommendations from a relative to a 20 something male are mostly doomed from th...
by bgyt
Sat Jul 27, 2019 8:59 pm
Forum: Personal Investments
Topic: Re-balancing Triggers in a major market correction
Replies: 9
Views: 877

Re: Re-balancing Triggers in a major market correction

Wow. I guess it’s easy for us to espouse unemotional and automatic rebalancing these last 10 years . Having to pull the trigger on a 3rd rebalance to the downside in 2008/9 had to be brutal.
by bgyt
Sat Jul 27, 2019 7:25 am
Forum: Personal Investments
Topic: Re-balancing Triggers in a major market correction
Replies: 9
Views: 877

Re-balancing Triggers in a major market correction

Seeking advise on a specific area of my Investment Policy Statement I am developing.... Assuming a major market correction (45-50%) occurs during my IPS duration, I’m debating on a straight 5% trigger for rebalancing or a 5% trigger at an annual or bi-annual time period. Emotions - I want to ensure ...
by bgyt
Wed Jul 24, 2019 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: If you are already retired.. is this true?
Replies: 49
Views: 6352

Re: If you are already retired.. is this true?

What if....and believe me, this is a BIG what if.... https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTX1pFgVBxjHeqCow7JBaDFTe4drQb2Li-YI4tKeX6MbJMHrys0 WHAT IF: A) The multiplier was instead a "median" value for spending of the distribution of people who own a house of that value and... B) THE...
by bgyt
Wed Jul 24, 2019 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: If you are already retired.. is this true?
Replies: 49
Views: 6352

Re: If you are already retired.. is this true?

NEXT MARKETWATCH ARTICLE: "How LeBron James can determine your proper Asset Allocation"

Determine your optimal Asset Allocation in Retirement with this formula:

LeBron James current Shooting % in Bonds
by bgyt
Wed Jul 24, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: If you are already retired.. is this true?
Replies: 49
Views: 6352

Re: If you are already retired.. is this true?

I KNEW not to click on a Marketwatch link...but I still did. :oops: This is their standard clickbait. I have now found the worst retirement calculator in the world....

Required Retirement Portfolio = Price of House * 7.5

You Bogleheads were making this waaaay too hard. :wink:
by bgyt
Wed Jul 24, 2019 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: If you are already retired.. is this true?
Replies: 49
Views: 6352

Re: If you are already retired.. is this true?

Well, what the article fails to take into acc... Hey wait a minute--that's the Brady Bunch house in the article's photo! https://hookedonhouses.net/wp-content/uploads/2018/08/The-Brady-Bunch-House-11222-Dilling-Street-North-Hollywood.jpg :D I couldn't proceed to do any of the math in the article af...
by bgyt
Mon Jul 22, 2019 10:03 am
Forum: Personal Investments
Topic: Taxable vs. Tax Deferred Fundamental Concept
Replies: 21
Views: 2211

Re: Taxable vs. Tax Deferred Fundamental Concept

Question: Should I use my "effective tax rate" or "marginal tax rate" when comparing the Tax hit on Tax-deferred withdrawals vs. Taxable 15% LTCG rate withdrawals?

Effective Tax Rate: 17%
Marginal Tax Rate: 24%

vs.

LTCG Tax Rate: 15%
by bgyt
Sun Jul 21, 2019 2:50 pm
Forum: Personal Investments
Topic: Taxable vs. Tax Deferred Fundamental Concept
Replies: 21
Views: 2211

Re: Taxable vs. Tax Deferred Fundamental Concept

OP here...I’m just trying to make sure I am absorbing the analysis in this thread that is to a large extent over my head. Sounds like there is no real “Bogleheads Rule of Thumb” for what assets go in taxable vs. tax deferred. The correct answer appears to be based in mathematical analysis of the ind...
by bgyt
Sat Jul 20, 2019 9:45 pm
Forum: Personal Investments
Topic: Taxable vs. Tax Deferred Fundamental Concept
Replies: 21
Views: 2211

Re: Taxable vs. Tax Deferred Fundamental Concept

It is still better to put stocks in a tax-deferred, rather than in a taxable account. Don't forget the initial tax break, which can also be invested, as well as the fact that the dividends aren't taxed year after year. You would have to have a much higher withdrawal tax rate than contribution tax r...
by bgyt
Sat Jul 20, 2019 7:48 pm
Forum: Personal Investments
Topic: Taxable vs. Tax Deferred Fundamental Concept
Replies: 21
Views: 2211

Taxable vs. Tax Deferred Fundamental Concept

Help me find my error in thinking please... When I withdraw from my tIRA (TSP in this case), I pay my marginal tax rate on anything that comes out. If correct, then Long Term Capital Gains don't seem to factor into that part of the portfolio at all even if there is mostly equities in it. And what I'...
by bgyt
Thu Jul 18, 2019 3:15 pm
Forum: Investing - Theory, News & General
Topic: TSP 3-Funds or TSP Target Date Fund?
Replies: 67
Views: 4732

Re: TSP 3-Funds or TSP Target Date Fund?

By the way, TSP can directly simulate TSM with a 80%/20% C/S allocation.
by bgyt
Thu Jul 18, 2019 11:17 am
Forum: Personal Investments
Topic: What is your Re-balancing Trigger?
Replies: 28
Views: 2071

Re: What is your Re-balancing Trigger?

Thank you all for your feedback. Specifically for the links to the Vanguard paper and the Swedroe material. Feeling really good about my +/- 5% bands now.
:sharebeer
by bgyt
Wed Jul 17, 2019 1:47 pm
Forum: Personal Investments
Topic: What is your Re-balancing Trigger?
Replies: 28
Views: 2071

What is your Re-balancing Trigger?

Can someone point me to a study/book or articulate how you have decided on the trigger that you use. I can't seem to find a good source to understand what the 'state of the practice' is for a re-balancing trigger. I had hoped to find this in Ferri's 'Asset Allocation', but he just goes as far to say...
by bgyt
Wed Mar 06, 2019 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 35776

Re: [2018 tax return - How does it compare to previous years?]

EXEMPTIONS EXEMPTIONS EXEMPTIONS $200K AGI Family. I got hammered on 2018 taxes with the loss of the Exemptions for the kids due to still being in the Itemized Deductions class vs. Standard Deduction. Essentially if you Itemize, that exemptions gone with no offset. If you are Standard Deduction clas...
by bgyt
Thu Jan 10, 2019 7:18 pm
Forum: Personal Investments
Topic: Thrift Savings Plan (TSP) U.S. Equity Allocations
Replies: 10
Views: 1206

Re: Thrift Savings Plan (TSP) U.S. Equity Allocations

Last I looked, the TSP indicated a 75/25 ratio was appropriate for people who want the total stock market. Most references around here indicate something like 82/18 or 80/20. Anywhere in that neighborhood is correct enough. It is not critical to be very accurate. https://www.bogleheads.org/wiki/App...
by bgyt
Thu Jan 10, 2019 3:11 pm
Forum: Personal Investments
Topic: Thrift Savings Plan (TSP) U.S. Equity Allocations
Replies: 10
Views: 1206

Thrift Savings Plan (TSP) U.S. Equity Allocations

Government employees attempting to execute 3-fund portfolio within your TSP, what is the correct allocation across C and S funds for U.S. equity exposure? To date I have blindly been splitting my U.S. equity allocation 50/50 between: C Fund: Common Stock Index Investment Fund S Fund: Small Cap Stock...
by bgyt
Mon Dec 31, 2018 7:50 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]
Replies: 153
Views: 14758

Re: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]

. This whole thing strikes me as a "modified boglehead AA strategy that accounts for Market Valuation (Shiller PE CAPE/Buffet Indicator)" Kitces goes down a very similar line in his treatment of Bond Tents (reducing equity allocations %) around a retirement date. He states that when the market is a...
by bgyt
Mon Dec 31, 2018 7:17 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]
Replies: 153
Views: 14758

Re: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]

. This whole thing strikes me as a "modified boglehead AA strategy that accounts for Market Valuation (Shiller PE CAPE/Buffet Indicator)" Kitces goes down a very similar line in his treatment of Bond Tents (reducing equity allocations %) around a retirement date. He states that when the market is at...
by bgyt
Mon Dec 31, 2018 12:26 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]
Replies: 153
Views: 14758

Re: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]

CNBC Piling On Now...

https://www.cnbc.com/2018/12/31/jack-bo ... ution.html

Journalism in 2018: Regurgitate/steal what little original reporting that still exists
by bgyt
Thu Dec 20, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 255
Views: 25666

Re: Whose buying today? where's all the "dry powder" folks at? :)

Bought yesterday. Large move to Equities based on re-balance but also upped my Equity allocation in my AA another 10% because value. This is panic without fundamentals. U.S. Economy is growing at 3% and we are at full employment. Have you ever considered WHAT is actually powering this so called gro...
by bgyt
Thu Dec 20, 2018 3:20 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 255
Views: 25666

Re: Whose buying today? where's all the "dry powder" folks at? :)

Bought yesterday. Large move to Equities based on re-balance but also upped my Equity allocation in my AA another 10% because value.

This is panic without fundamentals.

U.S. Economy is growing at 3% and we are at full employment.
by bgyt
Tue Dec 18, 2018 7:54 pm
Forum: Investing - Theory, News & General
Topic: “Real Rate of Return” needs a qualifier?
Replies: 15
Views: 815

Re: “Real Rate of Return” needs a qualifier?

I'm happy to learn that. It has no bearing on what well-defined financial terms mean. He was responding to your definition. Old chestnut: If we call a tail a leg, how many legs does a dog have? Four. Calling a tail a leg doesn't make it one. PJW My chestnut: The purpose of language is to communicate
by bgyt
Tue Dec 18, 2018 6:07 pm
Forum: Investing - Theory, News & General
Topic: “Real Rate of Return” needs a qualifier?
Replies: 15
Views: 815

Re: “Real Rate of Return” needs a qualifier?

If I understand what the OP is saying I think I agree with them. A macroeconomic inflation number does not really give your portfolio a "real" rate of return . The reality is that your expenses grow with your own individual inflation rate and your portfolio grows at a nominal rate. Your portfolio d...
by bgyt
Tue Dec 18, 2018 5:06 pm
Forum: Investing - Theory, News & General
Topic: “Real Rate of Return” needs a qualifier?
Replies: 15
Views: 815

“Real Rate of Return” needs a qualifier?

Am I misunderstanding the relationship between Inflation and Rate of Return...specifically in the use of the term “Real Rate of Return”? As I perceive it: INFLATION - This X% is only applied to that subset of money that I SPEND (both now and in the future). RATE OF RETURN - This Y% is applied across...
by bgyt
Mon Dec 03, 2018 4:50 pm
Forum: Personal Consumer Issues
Topic: 55 year old may need hearing aid
Replies: 13
Views: 1713

55 year old may need hearing aid

Need recommendations on do’s and don’ts for someone starting the hearing aid journey. I have not been tested yet but the family signals are getting pretty strong.
- Costco or hearing specialist for exam?
- Where to purchase?
- Other lessons learned that I have no clue I will need?
by bgyt
Mon Nov 26, 2018 5:08 pm
Forum: Personal Investments
Topic: Where do you direct Stock Index Capital Gains and Dividends
Replies: 20
Views: 1992

Re: Where do you direct Stock Index Capital Gains and Dividends

minesweep wrote:
Mon Nov 26, 2018 4:50 pm
I reinvest dividends and capital gains in my tax-deferred account & Roth IRA account. In my taxable account these distributions go to my money market fund (for the reasons shown at the link below).

Reinvesting dividends in a taxable account
perfect. Thx.
by bgyt
Mon Nov 26, 2018 4:13 pm
Forum: Personal Investments
Topic: Where do you direct Stock Index Capital Gains and Dividends
Replies: 20
Views: 1992

Re: Where do you direct Stock Index Capital Gains and Dividends

Also, what does it mean to “re-invest Capital Gains”? Arent Capital Gains only realized when you sell. Why would I reinvest when I’m selling. Sorry, I’m missing something obvious here.
by bgyt
Mon Nov 26, 2018 4:09 pm
Forum: Personal Investments
Topic: Where do you direct Stock Index Capital Gains and Dividends
Replies: 20
Views: 1992

Re: Where do you direct Stock Index Capital Gains and Dividends

Are you retired? Is this a tax privileged account or just a regular investment account? Do you have a pension? I'm retired and direct these to my checking account and spend them. I’m 5 years away from retirement and will not use these funds for income anytime in the next 5 years. I want to keep the...
by bgyt
Mon Nov 26, 2018 3:56 pm
Forum: Personal Investments
Topic: Where do you direct Stock Index Capital Gains and Dividends
Replies: 20
Views: 1992

Where do you direct Stock Index Capital Gains and Dividends

Boglehead 101 question: Just starting 3-fund portfolio. When setting up and funding my Stock Index Fund, Vanguard asks if I want my Capital Gains/Dividends placed in the Settlement Fund (ie money market) or re-invested in the Stock Fund. What do I do here? I assume I re-invest in Stock Fund right? I...
by bgyt
Sun Nov 25, 2018 8:14 pm
Forum: Investing - Theory, News & General
Topic: VTSAX vs. VTSMX [Vanguard Total Stock Admiral vs. Investor share class]
Replies: 5
Views: 1384

Re: VTSAX vs. VTSMX

Ok thanks....VTSAX moving forward.
by bgyt
Sun Nov 25, 2018 7:44 pm
Forum: Investing - Theory, News & General
Topic: VTSAX vs. VTSMX [Vanguard Total Stock Admiral vs. Investor share class]
Replies: 5
Views: 1384

VTSAX vs. VTSMX [Vanguard Total Stock Admiral vs. Investor share class]

Newb question but I can't find the answer: what are the pros and cons of VTSAX vs. VTSMX? VTSMX is always identified with the 3-fund portfolio, but it's expense ratio is 0.14 compared to 0.04 for VTSAX. Which one should I use for my 3-fund stock index option? Also I see that VTSMX is closed to new i...
by bgyt
Sun Aug 26, 2018 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: How do you calculate net worth with pensions?
Replies: 105
Views: 7359

Re: How do you calculate net worth with pensions?

this seems like the point in the thread where we stop learning and instead decide to pick up our 2x4s to beat the dead horse some more.
by bgyt
Sun Aug 26, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: How do you calculate net worth with pensions?
Replies: 105
Views: 7359

Re: How do you calculate net worth with pensions?

Rules of Thumb:

Present value of Fixed Pensions (no COLA inflation) = 12x yearly value

Present value of Indexed Pensions = 14-25x yearly value

viewtopic.php?t=103791
by bgyt
Sun Aug 26, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: How do you calculate net worth with pensions?
Replies: 105
Views: 7359

Re: How do you calculate net worth with pensions?

viewtopic.php?t=103791

Good cross-check for the above complex calculation or as a good shortcut calculation.
by bgyt
Sun Aug 26, 2018 9:49 am
Forum: Personal Investments
Topic: When I die, what % of expenses should my survivor assume
Replies: 16
Views: 1981

When I die, what % of expenses should my survivor assume

Can anyone point me to some general guidance on % of expenses I should assume in the case when either my wife or I die in retirement. I'm a couple years out from retirement and trying to lock in our % of survivor benefits to make sure we are covered. If our combined expenses are $75K just as an exam...
by bgyt
Sat Aug 18, 2018 11:51 am
Forum: Investing - Theory, News & General
Topic: Capital Gains on an Index Fund
Replies: 25
Views: 1671

Re: Capital Gains on an Index Fund

I really do apologize. I think I'm reading this as conflicting. Let me ask it more narrowly: If I hold Total Stock Market index fund for 3 months and then liquidate to a Bond fund, is any gain treated differently than if I held it for 13 months prior to liquidating? Assumption: assume that for the ...
by bgyt
Sat Aug 18, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: Capital Gains on an Index Fund
Replies: 25
Views: 1671

Re: Capital Gains on an Index Fund

I really do apologize. I think I'm reading this as conflicting. Let me ask it more narrowly: If I hold Total Stock Market index fund for 3 months and then liquidate to a Bond fund, is any gain treated differently than if I held it for 13 months prior to liquidating? Assumption: assume that for the t...
by bgyt
Sat Aug 18, 2018 10:52 am
Forum: Investing - Theory, News & General
Topic: Capital Gains on an Index Fund
Replies: 25
Views: 1671

Re: Capital Gains on an Index Fund

OP here. So if I buy Total Stock Market with a taxable account and sell it 3 months later and make 10k, that 10k is not taxed at my Short Term CG rate but instead based on the underlying funds holding duration? And I would expect that would mostly be closer to LTCG as it is an Index fund. Do I have ...
by bgyt
Sat Aug 18, 2018 8:51 am
Forum: Investing - Theory, News & General
Topic: Capital Gains on an Index Fund
Replies: 25
Views: 1671

Re: Capital Gains on an Index Fund

yes theres a difference. however, you only pay ST/LTCG tax when you sell something. otherwise you are paying tax on the reg or qualified dividends. so in summary: dont sell anything unless its to TLH. I'm really at a loss here. And remember I'm Bogle 101 level. I understand the dividend impact on t...
by bgyt
Sat Aug 18, 2018 8:41 am
Forum: Investing - Theory, News & General
Topic: Vanguard predicts 10 year equity returns
Replies: 91
Views: 11317

Re: Predicting the stock market.

Bogleheads: At one time I was a market timer and published a market-timing letter. It was one of the biggest mistakes of my life. In my opinion, no one can predict the stock market. We get what the market gives. Best wishes Taylor I see one of Taylor's roles in this community now is to gently nudge...
by bgyt
Sat Aug 18, 2018 8:34 am
Forum: Investing - Theory, News & General
Topic: Capital Gains on an Index Fund
Replies: 25
Views: 1671

Capital Gains on an Index Fund

Newb question: When executing a 3-fund portfolio, do I need to take any consideration for short-term (<12 mos) capital gains vs. long-term on my Total Stock Market Index fund? In other words, is there any benefit to re-balancing in/out of a stock fund at 11 months vs. 12 months and 1 day? I assume i...
by bgyt
Fri Aug 17, 2018 3:08 pm
Forum: Investing - Theory, News & General
Topic: Vanguard predicts 10 year equity returns
Replies: 91
Views: 11317

Re: Vanguard predicts 10 year equity returns

mega317 wrote:
Fri Aug 17, 2018 2:57 pm
Why do they bother doing this? No one can predict anything.
Vanguard going CYA mode in case the market turns south on Grandma's 401K.

I've noticed that they now load this pessimistic market outlook into their retirement planner as a default low return value.
by bgyt
Mon Aug 13, 2018 11:34 am
Forum: Investing - Theory, News & General
Topic: Importance of sequence of real returns for SWR, CAPE valuation, and Luck
Replies: 95
Views: 4775

Re: Importance of sequence of real returns for SWR, CAPE valuation, and Luck

Bottom line: this is not a great time to retire and begin portfolio drawdown unless real drawdowns can be kept relatively small I would not draw such a broad conclusion from this excellent article (Thanks for posting). More narrowly, if one’s retirement plan has them cutting it close to the SWR thr...
by bgyt
Sat Aug 11, 2018 8:35 am
Forum: Personal Investments
Topic: Brokerage Account for Minor
Replies: 28
Views: 2309

Re: Brokerage Account for Minor

I appreciate all the feedback. This is very helpful.
by bgyt
Fri Aug 10, 2018 8:11 pm
Forum: Personal Investments
Topic: Brokerage Account for Minor
Replies: 28
Views: 2309

Re: Brokerage Account for Minor

Not sure I want to lock up her money until Age 59 (or at least not all of it). Is the only advantage of doing Roth vs. just a straight brokerage account as follows?...

PROS:
- No tax on earnings

CONS:
- Limited to only this years earned income account
- Can't touch it for 40+ years
by bgyt
Fri Aug 10, 2018 3:31 pm
Forum: Personal Investments
Topic: Brokerage Account for Minor
Replies: 28
Views: 2309

Brokerage Account for Minor

I have a 17 year old child that works part time and has saved up $4-5K and would like to invest it the BH way but also and make their first mistakes with an individual stock or two. In my state she has to be 19 to have her own account at Vanguard. Vanguard offers a Minor IRA (but can only contribute...