Search found 228 matches

by bradinsky
Sun Oct 25, 2020 6:54 am
Forum: Personal Investments
Topic: Retiree New Portfolio Review
Replies: 11
Views: 1352

Re: Retiree New Portfolio Review

Good morning,
My wife & I are fairly conservative investors. Along with low cost index funds & ETFs, we have about 25% of our portfolio in Wellesley. We like it’s conservative approach & feel comfortable with it’s “theoretical”drawdown.

Brad
by bradinsky
Sat Oct 24, 2020 9:36 pm
Forum: Personal Investments
Topic: Retiree New Portfolio Review
Replies: 11
Views: 1352

Re: Retiree New Portfolio Review

To OP: Would love to know where you’re getting 3% and 4% interest rate on checking account? Can you share with the class? My emergency fund ($23k) is in MM at Vanguard which is earning next to nothing. I can’t afford risk and would love a better alternative. Thx! +1 I saw the interest rates but did...
by bradinsky
Sat Oct 24, 2020 9:23 pm
Forum: Personal Investments
Topic: Low Priority - Breaking small CD early a sin after rates declined?
Replies: 14
Views: 905

Re: Low Priority - Breaking small CD early a sin after rates declined?

I’m sure that the financial institution that issued the CD will thank you for saving them money, and paying them to do so in the process. :oops:
by bradinsky
Sat Oct 24, 2020 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Borrowing money from Trust
Replies: 24
Views: 1421

Re: Borrowing money from Trust

IANAL, but I think you should charge yourself whatever the going interest rate is for that type of loan if you want to avoid trouble with the IRS. I definitely agree with this. You can charge a little more than the going rate, but when the difference is excessive, you probably risk setting yourself...
by bradinsky
Sat Oct 24, 2020 12:55 pm
Forum: Personal Investments
Topic: Prudential FlexGuard Indexed Variable Annuity
Replies: 16
Views: 1031

Re: Prudential FlexGuard Indexed Variable Annuity

Should we invest 30k into this FlexGuard annuity? This annuity came out this year, so I could not find any reviews on it. I have also researched the pros and cons about annuities. I am against it, and I think our money could do better in either paying off part of the mortgage or invest into a Vangu...
by bradinsky
Wed Oct 21, 2020 10:32 am
Forum: Personal Investments
Topic: WSJ Case Study on Retirement
Replies: 47
Views: 5335

Re: WSJ Case Study on Retirement

Most Bogleheads will likely die very wealthy. Income, expenses, withdraw rates are all studied in great depth and nothing less than a 95%+ chance of success is considered enough. The average person doesn’t do most of that. They retire with less and if things get tight, they figure it out as they go...
by bradinsky
Sat Oct 17, 2020 9:32 pm
Forum: Personal Investments
Topic: Converting from a traditional to a roth
Replies: 20
Views: 1530

Re: Converting from a traditional to a roth

OP,
My DW & I are retired. We’re both on S.S. & we have a little interest income & some dividends. We are converting enough $ from my TIRA to take us to the top of the 12% bracket this year. That’s about all the tax I want to pay this year :happy

Brad
by bradinsky
Wed Oct 14, 2020 9:42 pm
Forum: Personal Investments
Topic: Managing Parents' Retirement After Dementia Diagnosis
Replies: 27
Views: 2756

Re: Managing Parents' Retirement After Dementia Diagnosis

Sorry to hear that about you father OP! Based on everything, I would think a session or two with an attorney specializing in elder care law might be in order. It might be money well spent to make sure everything is in order. Take care of your parents & yourself!

Brad
by bradinsky
Wed Oct 14, 2020 6:33 pm
Forum: Personal Investments
Topic: Roth conversion sanity check....
Replies: 19
Views: 1418

Re: Roth conversion sanity check....

OP, Why not just convert to the top of the 12% bracket? DW & I are about in the same position as you. We decided to convert $50k this year, with the hopes that tax brackets remain the same for a few years. We worked hard for the $ & paid our fair share of taxes over the years. Now I’d like to pay th...
by bradinsky
Wed Oct 14, 2020 7:15 am
Forum: Personal Investments
Topic: Vanguard Personal Advisor Service - New Advisor
Replies: 8
Views: 881

Re: Vanguard Personal Advisor Service - New Advisor

OP,
If you feel that you can manage your own investments now, just leave. With the workload that Vanguard advisors have, they won’t miss you. Later, if you feel overwhelmed by the change, you can always go back.
by bradinsky
Tue Oct 13, 2020 6:24 pm
Forum: Personal Investments
Topic: New business owner - need help with experience Bogleheads!
Replies: 36
Views: 2002

Re: New business owner - need help with experience Bogleheads!

“What would your thoughts be if the existing business already has a retirement plan in place for the existing staff?” As rossington stated, OP should be aware of that. Perhaps that was addressed in the sales contract. If not, I would personally sit down with each employee to see how they react to a...
by bradinsky
Tue Oct 13, 2020 4:00 pm
Forum: Personal Investments
Topic: New business owner - need help with experience Bogleheads!
Replies: 36
Views: 2002

Re: New business owner - need help with experience Bogleheads!

“What would your thoughts be if the existing business already has a retirement plan in place for the existing staff?” As rossington stated, OP should be aware of that. Perhaps that was addressed in the sales contract. If not, I would personally sit down with each employee to see how they react to a ...
by bradinsky
Tue Oct 13, 2020 2:14 pm
Forum: Personal Investments
Topic: New business owner - need help with experience Bogleheads!
Replies: 36
Views: 2002

Re: New business owner - need help with experience Bogleheads!

<r><QUOTE author="rossington" post_id="5545755" time="1602614935" user_id="149120"><s>[quote=rossington post_id=5545755 time=1602614935 user_id=149120]</s> <QUOTE author="bradinsky" post_id="5545641" time="1602610403" user_id="137019"><s>[quote=bradinsky post_id=5545641 time=1602610403 user_id=13701...
by bradinsky
Tue Oct 13, 2020 1:44 pm
Forum: Personal Investments
Topic: New business owner - need help with experience Bogleheads!
Replies: 36
Views: 2002

Re: New business owner - need help with experience Bogleheads!

If you’re curious about a retirement vehicle for yourself, you might want to look into a Keough Plan. It has a much higher contribution limit than an IRA. I believe it’s around $54K.
by bradinsky
Tue Oct 13, 2020 12:33 pm
Forum: Personal Investments
Topic: New business owner - need help with experience Bogleheads!
Replies: 36
Views: 2002

Re: New business owner - need help with experience Bogleheads!

I agree with #5 but how do you do it? Seems like sep ira requires employer contribution for employees That's why I recommended don't do any retirement accounts that involve employees. More to do and more potential headaches down the road. It is true that you do get a fair amount of employee turnove...
by bradinsky
Tue Oct 13, 2020 9:16 am
Forum: Personal Investments
Topic: New business owner - need help with experience Bogleheads!
Replies: 36
Views: 2002

Re: New business owner - need help with experience Bogleheads!

OP, I owned & operated a small manufacturing business in Ohio for 40 years. We used Quickbooks/Quickbooks Pro for the last 28 years, and found that to be very powerful, customizable & easy to use. Also, you will find that many CPA’s & PA’s are well versed in that software. We also used the QB payrol...
by bradinsky
Tue Oct 06, 2020 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Best Course of Action for getting out of Debt?
Replies: 57
Views: 3914

Re: Best Course of Action for getting out of Debt?

Spend much less that you make. Take the difference and pay your bills. Deny yourself all luxuries & allow yourself only necessities. Very difficult for the younger generations to do!
by bradinsky
Tue Oct 06, 2020 6:24 am
Forum: Personal Investments
Topic: Any other places to park cash?
Replies: 8
Views: 1309

Re: Any other places to park cash?

Redneck Bank pays 1% on the first $10K in their “checkin” accounts. It’s a real online bank @ redneck.bank. LMAO!
by bradinsky
Mon Oct 05, 2020 9:19 pm
Forum: Investing - Theory, News & General
Topic: Are Wellington-Wellesley just closet index funds?
Replies: 76
Views: 6393

Re: Are Wellington-Wellesley just closet index funds?

Oh, this topic again. If you want one of the W's, just buy it. The ERs are now 0.17% and 0.15% for Admiral Shares I think. What is all this trouble about trying to replicate what they are doing? Do people view the W's as some kind of holy grail benchmark but won't pay Wellington a few basis points?...
by bradinsky
Sun Oct 04, 2020 7:04 am
Forum: Investing - Theory, News & General
Topic: Dying Broke (On Purpose) Article
Replies: 138
Views: 10909

Re: Dying Broke (On Purpose) Article

Ged wrote: Sat Oct 03, 2020 9:19 pm I have children who are not as well off as I am. I will be leaving them the bulk of my money.
I agree with this! It seems to be more difficult for younger generations to save & get ahead. I don’t wish too leave everything to my children, but enough that it makes things a little easier for them.
by bradinsky
Fri Oct 02, 2020 8:14 am
Forum: Personal Investments
Topic: Taking my funds back from advisor - I got the FUD e-mail response
Replies: 35
Views: 4385

Re: Taking my funds back from advisor - I got the FUD e-mail response

“Is that acronym so well known that I should have known what it meant without asking and the OP was justified in using it without defining it?”

I don’t think so. I’ve been around for years & I don’t remember seeing it before.
by bradinsky
Fri Oct 02, 2020 6:57 am
Forum: Personal Investments
Topic: Taking my funds back from advisor - I got the FUD e-mail response
Replies: 35
Views: 4385

Re: Taking my funds back from advisor - I got the FUD e-mail response

OP, I transferred from EJ to Schwab a few years back. We initiated the transfer at Schwab & everything went smoothly. A few of the institutional funds moved to Schwab, but most did not. In the end, that just leaves you fewer stocks & funds to sell, if you’re going to try & simplify your accounts. In...
by bradinsky
Thu Oct 01, 2020 7:09 pm
Forum: Personal Investments
Topic: 401k - old employer risks
Replies: 21
Views: 1482

Re: 401k - old employer risks

Why not roll it over to a traditional IRA at Vanguard, Schwab or Fidelity. They are very experienced in the matter & they are not banks. Personally, I would feel more comfortable being away from a former employer that had serious financial problems. Good luck!

Brad
by bradinsky
Thu Oct 01, 2020 7:52 am
Forum: Investing - Theory, News & General
Topic: What fund(s) are in your taxable account?
Replies: 138
Views: 9804

Re: What fund(s) are in your taxable account?

SWTSX - Schwab Total Stock Market Index Fund
SCHB - Schwab U. S. Broad Market ETF
by bradinsky
Thu Oct 01, 2020 5:49 am
Forum: Personal Investments
Topic: Investing $150,000, in this day and age
Replies: 44
Views: 5117

Re: Investing $150,000, in this day and age

OP - This is what you are essentially saying “I just sold my house and have $150,000. I’m going to take that $150,000 and head to the casino to protect against inflation risk”. Now, re-read that because by investing your money for any period of time less than 5 years will most likely result in a pe...
by bradinsky
Tue Sep 29, 2020 7:53 am
Forum: Personal Investments
Topic: I wish I had not bought silver bricks. Help!
Replies: 33
Views: 6432

Re: I wish I had not bought silver bricks. Help!

OP, I’m curious. How long ago did you purchase the silver? I know that it was almost $49 per ounce in April 2011. Silver was over $29 last month, but it is trending downward now. It’s real hard to imagine it will ever reach $49 again, but that’s just my opinion. I’m not a precious metals fan, but ma...
by bradinsky
Mon Sep 28, 2020 7:36 am
Forum: Personal Investments
Topic: Are US REITs undervalued relative to other asset classes?
Replies: 8
Views: 681

Re: Are US REITs undervalued relative to other asset classes?

+
COVID 19 has altered the way business will be conducted in the future.
by bradinsky
Sun Sep 27, 2020 6:04 pm
Forum: Investing - Theory, News & General
Topic: Were you nervous when you retired?
Replies: 98
Views: 9979

Re: Were you nervous when you retired?

OP, I owned & operated a metalworking business for 40 years. My official retirement date was the end of 2018. I lived & breathed this business for so many years & felt that this was going to be a difficult transition. So much so that I planned on keeping my hand in the industry, in a small way after...
by bradinsky
Sun Sep 27, 2020 6:56 am
Forum: Investing - Theory, News & General
Topic: CALPERS Needs 7% Return
Replies: 107
Views: 13772

Re: CALPERS Needs 7% Return

EricaInvestPink wrote: Sat Sep 26, 2020 4:02 pm I wonder if Covid killed off a disproportionate number of old people, thus saving the pension system to some extent??
This is a rather strange thought. Are you hoping it did, or what?..
by bradinsky
Fri Sep 25, 2020 1:56 pm
Forum: Personal Investments
Topic: Portfolio review and encouragement to continue with law practice
Replies: 10
Views: 560

Re: Portfolio review and encouragement to continue with law practice

OP, Along with some business acumen, it takes a lot of drive & determination to be successful. Only you know if you have those qualities. Over the years, I saw many business people just sit back & wait for the business/work to come to them. Sorry, but the isn’t how it works. Even though this forum i...
by bradinsky
Fri Sep 25, 2020 7:49 am
Forum: Investing - Theory, News & General
Topic: In which companies do you own a single share, or token amount, of stock?
Replies: 119
Views: 9868

Re: In which companies do you own a single share, or token amount, of stock?

Pinterest (PINS) - 50 shares
Shockwave Medical (SWAV) - 20 shares
Big Commerce (BIGC) - 11 shares

Brad
by bradinsky
Thu Sep 24, 2020 11:46 am
Forum: Investing - Theory, News & General
Topic: What did your accounts look like in your 30's?
Replies: 89
Views: 7939

Re: What did your accounts look like in your 30's?

OP,
They didn’t exist, because we barely had enough to get by. No complaints though because I hear that creates character. It wasn’t until I was in my 40’s that I started with investment accounts. We’ve done okay since then.

Brad
by bradinsky
Wed Sep 23, 2020 6:38 pm
Forum: Personal Investments
Topic: Roth conversions in this market
Replies: 8
Views: 1046

Re: Roth conversions in this narket

Hi Barb, I am doing a Roth conversion this year also. My wife & I are both on SS, no pensions, so we’re in the 12% bracket. I’m converting enough to get to the top of that bracket. It will save on some taxes down the road, and the uncertainty of what will happen after the election is a motivating fa...
by bradinsky
Tue Feb 18, 2020 9:00 am
Forum: Personal Investments
Topic: Safe to retire?
Replies: 27
Views: 3101

Re: Safe to retire?

I would definitely be concerned about the $10K allowance for “good” health insurance & also the potential for increased medical costs prior to being eligible for Medicare. Sometimes things change, health wise, after the decision to retire.
by bradinsky
Sat Feb 15, 2020 2:42 pm
Forum: Personal Investments
Topic: Refinance from 15yr 2.75% to 30yr 3.5%?
Replies: 11
Views: 1520

Re: Refinance from 15yr 2.75% to 30yr 3.5%?

I sometimes struggle to understand how a 2000 sq. ft. home isn’t large enough for a family of 4. Especially in a VHCOL area and the idea that you might retire in 11 years. Also, what if something were to happen with your job, or you were to become sick/disabled. All things to consider. Best of luck ...
by bradinsky
Sat Feb 15, 2020 2:19 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4020
Views: 312074

Re: coronavirus market effects

I am by nature a buy and hold, Long term, ride the wave, investor. I understand fully that these things come and go and will come and go. This coronavirus my be the "one" or may not be. I am not a market timer. That is not how I invest. I am rational and using common sense. China will shut down. Th...
by bradinsky
Sat Feb 15, 2020 10:20 am
Forum: Personal Investments
Topic: Buying Vanguard Funds
Replies: 13
Views: 1009

Re: Buying Vanguard Funds

You’d probably have more money to invest, if you just moved everything away from RJ. If you feel the need to ask financial questions on this forum, it’s obvious that the RJ salesperson is not doing their job to your satisfaction. Move to Vanguard!
by bradinsky
Sat Feb 15, 2020 9:56 am
Forum: Personal Investments
Topic: advice on keep it or sell it?
Replies: 19
Views: 1251

Re: advice on keep it or sell it?

I’d definitely go with number 3. The world has changed, and soon it will probably be a criminal offense to own tobacco products. Invest in the TSM per your AA, and you will probably fare better in the future. Good luck!
by bradinsky
Sat Feb 15, 2020 9:31 am
Forum: Personal Investments
Topic: Basic Questions about Bonds from New Investor
Replies: 8
Views: 918

Re: Basic Questions about Bonds from New Investor

OP,
You might try Larry Swedroes book "The Only Guide to a Winning Bond Investment Strategy". Good advice from a pro.
by bradinsky
Sat Feb 15, 2020 9:23 am
Forum: Personal Investments
Topic: [Advantages of Admiral Funds vs. ETF?]
Replies: 11
Views: 801

Re: Admiral Funds vs. ETF

Can you be more specific? Do you object to momentum investing? The midcap growth index has been a big winner for me in the past and I don't see why it might not make sense now. I'm hoping I can regain my loss by identifying the ETF doing best and moving more funds there. . This is not an investing ...
by bradinsky
Sat Feb 15, 2020 9:08 am
Forum: Personal Investments
Topic: Horrible Experience with Vanguard [Login account security]
Replies: 163
Views: 11172

Re: Horrible Experience with Vanguard

OP, I would be thankful that they take the security of their clients seriously. How upset would you be if they had allowed someone access to your accounts/funds? Any day of the week, I’d much rather they lock me out, than let an unauthorized person have access. Regardless of the financial institutio...
by bradinsky
Sat Feb 01, 2020 7:06 pm
Forum: Personal Investments
Topic: My Sis is going to Ray James, is this fee right?
Replies: 94
Views: 7179

Re: My Sis is going to Ray James, is this fee right?

Cheez-It Guy wrote: Sat Feb 01, 2020 4:26 pm Raymond James vs. Edward Jones

Who is worse?
Definitely RJ, because EJ was “only” charging DW & I 1.08%. 1.08 is too much, but not as bad as RJ @ 2.25%. That’s crazy money!!
by bradinsky
Mon Jan 27, 2020 9:33 pm
Forum: Personal Investments
Topic: Social Security for spouse
Replies: 5
Views: 743

Re: Social Security for spouse

OP,
You might check out SSA.gov, and search “spousal benefits”. Quite a bit of info there.

Brad
by bradinsky
Sat Jan 18, 2020 8:41 pm
Forum: Personal Investments
Topic: Need help on deciding regarding VULs
Replies: 29
Views: 1338

Re: Need help on deciding regarding VULs

OP,
It would be much more efficient if you: 1) keep the term insurance; 2) just hand cash to the salesperson & tell him to go away; 3) start investing your other money with Vanguard or Schwab. Variable life is a sucker’s deal!
by bradinsky
Sat Jan 11, 2020 2:29 pm
Forum: Personal Investments
Topic: Posting Portfolio. Need advice on leaving Edward Jones with this specific portfolio.
Replies: 35
Views: 2095

Re: Posting Portfolio. Need advice on leaving Edward Jones with this specific portfolio.

OP, My DW & I moved from Edward Jones to Schwab. We checked with Vanguard first, about a transfer, but Schwab was able to accept more of our 60+ stocks & funds, as an in kind transfer, than Vanguard would. Schwab also reimbursed us for the $95 per account closing fees that a EJ extracted from us. I...
by bradinsky
Sat Jan 11, 2020 8:12 am
Forum: Personal Investments
Topic: Posting Portfolio. Need advice on leaving Edward Jones with this specific portfolio.
Replies: 35
Views: 2095

Re: Posting Portfolio. Need advice on leaving Edward Jones with this specific portfolio.

OP, My DW & I moved from Edward Jones to Schwab. We checked with Vanguard first, about a transfer, but Schwab was able to accept more of our 60+ stocks & funds, as an in kind transfer, than Vanguard would. Schwab also reimbursed us for the $95 per account closing fees that a EJ extracted from us. I ...
by bradinsky
Sun Jan 05, 2020 4:00 pm
Forum: Personal Investments
Topic: [Where should I invest after maxing retirement accounts?]
Replies: 24
Views: 1996

Re: What's next?

Put it in your taxable brokerage account. Long distance land lording is a recipe for disaster. If you get a property management firm they handle the headaches so you don't have to. Maybe, plenty of long distance property management horror stories out there. They also charge/overcharge for their ser...
by bradinsky
Sat Jan 04, 2020 4:09 am
Forum: Personal Investments
Topic: Sister wants advice since I disagreed with her financial advisers.
Replies: 141
Views: 13894

Re: Sister wants advice since I disagreed with her financial advisers.

I would argue the counter that they should keep everything at Ed Jones. The accounts are so small that the 1.25% is nothing in real dollars and she likes the advice and comfort her advisor gives her. Not everybody is a DIYer. Some people like having their own advisor to reach out to. We on BH tend ...
by bradinsky
Sat Jan 04, 2020 3:37 am
Forum: Personal Investments
Topic: Buying individual stocks as my “index” fund
Replies: 44
Views: 2498

Re: Buying individual stocks as my “index” fund

The expense ratio of VOO is 0.03%. Someone please correct me if I'm wrong, but I believe that would be $120/year for a $400k balance. That’s correct. Gill Why does this calculator give me much higher expenses when using a 30 year timeframe? I'm assuming the compounding interest is impacting real co...
by bradinsky
Sat Dec 28, 2019 8:34 pm
Forum: Personal Investments
Topic: Should I sell my farmland and buy stocks?
Replies: 65
Views: 5441

Re: Should I sell my farmland and buy stocks?

You may live out of state and consider yourself a city person, but as a landowner, my first priority would be to educate myself about issues related to farming in SE South Dakota. An excellent resource is the South Dakota State University Extension Service. https://extension.sdstate.edu/ Spend a bi...