Search found 493 matches

by wjo
Thu Oct 31, 2019 10:50 pm
Forum: Personal Investments
Topic: Origin Investments
Replies: 7
Views: 640

Re: Origin Investments

Be wary of the liquidity of this fund - full tax benefits with a 10-year investment commitment. I am in a similar situation and may just eat the taxes and it is unclear I want to commit over such a time-frame.
by wjo
Mon Sep 16, 2019 11:16 pm
Forum: Personal Investments
Topic: Math is scary
Replies: 42
Views: 7031

Re: Math is scary

Yup - retirement math is scary no matter how you cut it - building up 25X expenses is no small feat. It can discourage many. Fortunately, the power of compounding is amazing - the eighth wonder of the world. Time is on your side - start saving a decent percentage and don't worry about it too much ot...
by wjo
Thu Aug 29, 2019 9:22 pm
Forum: Investing - Theory, News & General
Topic: Dr. Bill Bernstein: Next "Bogleheads on Investing" podcast guest
Replies: 56
Views: 6203

Re: Dr. Bill Bernstein: Next "Bogleheads on Investing" podcast guest

Bill has been a strong advocate of a small and value tilted portfolio. Any new thoughts here? More broadly, what are his thoughts about a tilted portfolio vs a simple three-fund or 'put it all in a life-strategy fund' portfolio for management as one ages (and faces potential cognitive decline, spous...
by wjo
Fri Aug 09, 2019 10:06 pm
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6892

Re: My mortgagee wants to sell a slice of the land. Thoughts?

I'd ask questions about the purpose and use of the funds. It could be a sale to a friend, neighbor that could be innocent enough. Since the land is the principal collateral on the loan, my basic question would be does the sale of the acres reduce the value of the land in a significant way? I would s...
by wjo
Fri Jul 19, 2019 9:18 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Next "Bogleheads on Investing" podcast guest
Replies: 61
Views: 7445

Re: Larry Swedroe: Next "Bogleheads on Investing" podcast guest

Another thought would be Larry's perspectives on what to do to plan for lack of competence to handle your assets and affairs in retirement. There is a recent thread here on what to do when you have no family/friends to look after you in your old age. I'd appreciate his thoughts as rep of a firm that...
by wjo
Fri Jul 19, 2019 9:16 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Next "Bogleheads on Investing" podcast guest
Replies: 61
Views: 7445

Re: Larry Swedroe: Next "Bogleheads on Investing" podcast guest

Mr. Swedroe recommends " 3 percent withdrawal rate" instead of "4 percent safe withdrawal rate". Would you comment on the advantage and disadvantage of the 3 percent withdrawal rate versus the " spend safely in retirement" strategy developed by the Stanford Center on retirement , author Steve Verno...
by wjo
Mon Jun 17, 2019 10:09 pm
Forum: Investing - Theory, News & General
Topic: are TIPS expensive? or are they cheap?
Replies: 204
Views: 21686

Re: are TIPS expensive? or are they cheap?

Getting back to the OP's post, a side note that the analysis certainly makes I-Bonds currently paying 0.5% real a no brainer as they have real returns better than 10-yr TIPs, better liquidity after the minimum holding period, and deflation protection. Too bad we're limited in how much we can buy. W...
by wjo
Mon Jun 17, 2019 5:13 pm
Forum: Investing - Theory, News & General
Topic: are TIPS expensive? or are they cheap?
Replies: 204
Views: 21686

Re: are TIPS expensive? or are they cheap?

Getting back to the OP's post, a side note that the analysis certainly makes I-Bonds currently paying 0.5% real a no brainer as they have real returns better than 10-yr TIPs, better liquidity after the minimum holding period, and deflation protection. Too bad we're limited in how much we can buy.
by wjo
Tue Jun 11, 2019 9:59 pm
Forum: Personal Consumer Issues
Topic: Which shaving cream / oil?
Replies: 58
Views: 4435

Re: Which shaving cream / oil?

At the recommendation of a shaving guru, I started using La Lavande soap - Savons a l'Ancienne palm or olive - as the cream of choice - either directly or with a brush. The medium size Marseille cubes are a good size for the shower. Great lather, lasts a long time. Easily the equal of the shave soap...
by wjo
Wed Apr 10, 2019 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAcT - PSA on gouging
Replies: 14
Views: 1522

TaxAcT - PSA on gouging

Really, really annoyed with TaxAct right now for gouging business practices. A TaxAct user for many years (switched once TurboTax was getting too expensive), I've watched them increase prices in the last few years. Fair enough - I suppose the user base is saturated so the only growth is through incr...
by wjo
Tue Apr 02, 2019 11:48 pm
Forum: Investing - Theory, News & General
Topic: Series I Savings Bonds Buying Opportunity
Replies: 52
Views: 10572

Re: Series I Savings Bonds Buying Opportunity

Just put in my order. Not a bad deal for guaranteed real return, although taxes.... It is hard to get too excited about a real return of basically zero after taxes, but I do see I-bonds as part of an emergency fund (can't be the sole choice given liquidity limitations for the first year) as well as ...
by wjo
Wed Mar 27, 2019 3:01 pm
Forum: Personal Consumer Issues
Topic: Chess book recommendations
Replies: 8
Views: 717

Re: Chess book recommendations

Like you, I was away from chess for a few decades. Now I'm getting back in. Rather than look at books, I would suggest the on-line resources. There are some very good YouTube channels around chess explaining games and moves - I like John Bartholomew's (an IM) for one, especially his 15 minute games ...
by wjo
Sat Mar 23, 2019 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: IRS notice 3/22/2019: for 2018 taxes, no penalty if 80% of tax shown on return was withheld or est taxes paid
Replies: 13
Views: 2435

Re: IRS notice 3/22/2019: for 2018 taxes, no penalty if 80% of tax shown on return was withheld or est taxes paid

A reminder that the safe harbor rule is still in effect and that if you paid 100% of last year's liability, you are ok. My taxes went up this year due to the SALT limitations, but I still paid more than 100% of last year's liability.
by wjo
Fri Mar 22, 2019 10:53 am
Forum: Personal Consumer Issues
Topic: Do you still wear a necktie to work?
Replies: 108
Views: 6163

Re: Do you still wear a necktie to work?

I am exact opposite. I am electrical engineer. If i have interview at a company and notice there is low standard dress code at the place, its red flag for me. If people dont care about attire at their work place, what does it say about their attitude towards company overall. As a professional, i wo...
by wjo
Wed Feb 27, 2019 12:34 pm
Forum: Investing - Theory, News & General
Topic: Vanguard research paper on global diversification
Replies: 21
Views: 2285

Re: Vanguard research paper on global diversification

And here's an interesting quote from the paper regarding foreign exposure from US domiciled multinationals that is often discussed here: Can multinational corporations provide enough exposure? One common question about exposure to stocks outside one’s home market is whether domestic multinational co...
by wjo
Thu Feb 07, 2019 3:19 pm
Forum: Investing - Theory, News & General
Topic: Kitces on retirement accoutns &QBI for small businesses
Replies: 1
Views: 299

Kitces on retirement accoutns &QBI for small businesses

Michael Kitces just published an article on the tax law changes on QBI income and how it affects contributions and taxability of retirement plans for small businesses (short summary: more complicated and more favorable for ROTH contributions than deductible ones). Should be of interest to the small ...
by wjo
Tue Jan 15, 2019 9:48 am
Forum: Investing - Theory, News & General
Topic: An Annuity Hater Revisits SPIAs
Replies: 27
Views: 4953

Re: An Annuity Hater Revisits SPIAs

I thought part of the value of an immediate SPIA was a higher payout over bonds that allowed the non-annuitized portfolio to grow and act as a source of inflation protection or other income. This seems to be the recommended strategy compared to investing in an inflation-adjusted SPIA which is very e...
by wjo
Sun Sep 23, 2018 10:31 pm
Forum: Personal Investments
Topic: Investing in the Rare Opportunity
Replies: 59
Views: 4734

Re: Investing in the Rare Opportunity

Depends a lot on Johnny's belief in the promises and in the ability of the management team to stay together. There may be a first mover advantage to be the first one out the door. If all/most leave, can the $1mn promise be kept? Whether to keep working or not shouldn't affect the current investments...
by wjo
Mon Aug 13, 2018 11:13 am
Forum: Personal Investments
Topic: Help explain TIAA Traditional to me
Replies: 20
Views: 2764

Re: Help explain TIAA Traditional to me

You would probably find a better response over at the TIAA forum at Morningstar, where they are specialists in this. In general, TIAA Traditional is a solid stable value type fund with good rates but with liquidity restrictions on the higher interest rates. It is a solid investment choice used by ma...
by wjo
Fri Aug 10, 2018 1:27 pm
Forum: Investing - Theory, News & General
Topic: WSJ: When to Pick Mutual Fund over ETF?
Replies: 21
Views: 3001

Re: WSJ: When to Pick Mutual Fund over ETF?

Bill Bernstein suggests that using bond ETFs is not recommended as ETFs lack a mutual fund's requirement to redeem shares at NAV. In a liquidity crisis, the price of Bond ETF may drop way below the price of the underlying bonds and market makers may not able to use arbitrage effectively to keep the ...
by wjo
Thu Aug 09, 2018 11:09 am
Forum: Investing - Theory, News & General
Topic: VBIAX- balanced fund 60/40.
Replies: 15
Views: 2649

Re: VBIAX- balanced fund 60/40.

Miriam2 wrote:
Thu Aug 09, 2018 1:02 am
Nice, very helpful post, thank you WJO :happy
You're most welcome.
by wjo
Wed Aug 08, 2018 11:49 pm
Forum: Investing - Theory, News & General
Topic: VBIAX- balanced fund 60/40.
Replies: 15
Views: 2649

Re: VBIAX- balanced fund 60/40.

Yes i will be in 24% or higher tax bracket. I am in texas and dont have any plan to move. My understanding was to have balance fund and put it on auto every month so i dont have to balance it myself. Seems like its better to have total stock and total bond fund rather. Yes, as Grabiner wrote, it de...
by wjo
Wed Aug 08, 2018 8:38 pm
Forum: Investing - Theory, News & General
Topic: VBIAX- balanced fund 60/40.
Replies: 15
Views: 2649

Re: VBIAX- balanced fund 60/40.

While not terrible, you'd probably be better of with the tax managed balanced index fund from Vanguard, VTMFX. In general, multi-asset, self-balancing funds are better for tax-sheltered accounts as their internal rebalancing can be tax inefficient. It is usually better to hold separate clases of fun...
by wjo
Tue Aug 07, 2018 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 6097

Re: Employer will not indemnify me cause I am retired

Worked as counsel for a public company and we had several advisory boards. They were paid but had no actual authority and should not have been liable in any legal action. Nevertheless, they were covered by our indemnification bylaw and by D&O insurance. Even if the district won't indemnify you, you...
by wjo
Fri Aug 03, 2018 1:33 pm
Forum: Personal Consumer Issues
Topic: Nespresso?
Replies: 103
Views: 9562

Re: Nespresso?

My wife has one - lives by it. Cheaper than Starbucks and similar, good for individual servings. Wide range of pods to adjust for taste. Something she wouldn't do without.
by wjo
Wed May 23, 2018 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Legally Exempt IRAs from Medigap Countable
Replies: 5
Views: 930

Re: Legally Exempt IRAs from Medigap Countable

I'd second the need for a 2nd opinion from specialists in eldercare. This is a complex area of law that varies by state, so advice you get here may not be correct in your state. Similarly, there may be be ways to shield the assets using annuities in a trust, but that shouldn't mean the ones that the...
by wjo
Mon May 07, 2018 5:24 pm
Forum: Investing - Theory, News & General
Topic: Retirement bonds, aka SeLFIES
Replies: 92
Views: 13276

Re: Retirement bonds

This is interesting. I wonder, though, can a government afford to pay for inflation protection for all its retirees? I seem to remember and article from Bill Bernstein discussing the challenges of TIPS if everyone wanted one. The broader point is that for countries with significant parts of the popu...
by wjo
Sun May 06, 2018 9:54 pm
Forum: Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 10731

Re: Factors Suggesting One Should Buy SPIA

I am planning to purchase an annuity for us, mostly b/c we do not have children and I like the idea of steady income when we may have less mental capacity. The purchase will come from the fixed income side of our portfolio, leaving the equity side to grow and provide inflation protection. I do belie...
by wjo
Wed Feb 28, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: PSA - beware auto import on tax software
Replies: 4
Views: 590

PSA - beware auto import on tax software

A public service announcement (PSA) - doing my taxes last night, using TaxAct, for the first time I automatically imported tax information from Fidelity. Multiple forms, lots of transactions this year. One immediate problem is that a taxable sale was recorded twice as a duplicate, with the cost basi...
by wjo
Sun Feb 04, 2018 10:47 pm
Forum: Personal Consumer Issues
Topic: Personal liability risk for unit owners in condo association?
Replies: 13
Views: 1694

Re: Personal liability risk for unit owners in condo association?

I have no opinion on the liability. But... make sure you look at the HOA reserves. Many, many smaller condo Assoc neglect the reserves for roof, siding, parking lot. I would want a good look at the Financial statements. And any use of those reserves in the last few years. A nice big assessment righ...
by wjo
Mon Jan 29, 2018 3:40 pm
Forum: Personal Investments
Topic: Vanguard's advice on bond portion of portfolio
Replies: 42
Views: 8557

Re: Vanguard's advice on bond portion of portfolio

I'm reminded of one of Taylor's statements that 'when experts disagree, it may not make much difference.' Any healthy exposure to a well-diversified bond fund is likely to be sufficient and achieve the portfolio objective of balancing out stock risk (i.e., reducing volatility). There are lots of arg...
by wjo
Fri Oct 27, 2017 3:16 pm
Forum: Personal Investments
Topic: How Well Do You Know About Retirement Income?
Replies: 40
Views: 5644

Re: How Well Do You Know About Retirement Income?

37/38. Need to brush up on Medicare ;) I thought the test was good and fair - may have been sponsored by people who sell annuities, but I didn't see any obvious bias in the questions/answers. What was asked was pretty comprehensive about different aspects of retirement planning, including medical ca...
by wjo
Thu Sep 14, 2017 4:16 pm
Forum: Personal Consumer Issues
Topic: Wondering if solar is worth it - does my utility bill seem high? (Arizona)
Replies: 40
Views: 3822

Re: Wondering if solar is worth it - does my utility bill seem high? (Arizona)

I installed solar panels a few years ago - but then sold my house. But was happy with my investment in solar. After incentives, I figured I was making about a 4%+ return on my investment. Of course, this is all after tax money, which is the best kind. If power prices go up, savings would increase. I...
by wjo
Wed Aug 23, 2017 11:50 pm
Forum: Non-US Investing
Topic: Buying property in France
Replies: 27
Views: 3714

Re: Buying property in France

The posters above are right on. Owning property with family is a recipe for future tears in general. Think about the risks should their be a need for one sibling to sell or a divorce? With four sets of people, a problem is very likely even with the best of intentions. French law is very complicated....
by wjo
Mon May 01, 2017 11:35 am
Forum: Investing - Theory, News & General
Topic: Value's Rough Patch Not a Concern for AQR's Ronen Israel
Replies: 4
Views: 944

Re: Value's Rough Patch Not a Concern for AQR's Ronen Israel

Sounds like from the discussion that AQR is discovering fundamental indexing approach to value (pick cheap stocks within sectors rather than simple sorts across all industries). Seems like some backtracking there given Cliff Asness and Rob Arnott went back and forth on the their approaches. Or am I ...
by wjo
Tue Jan 17, 2017 1:54 am
Forum: Personal Consumer Issues
Topic: Basic question on Hybrid cars
Replies: 64
Views: 5850

Re: Basic question on Hybrid cars

I'll second the vote for the Accord Hybrid. We own one and love it...no compromises. But, in general, hybrid technology is mature enough that you can choose whatever model and it will be a good improvement in !mileage over the gas model.
by wjo
Wed Dec 28, 2016 4:12 pm
Forum: Personal Consumer Issues
Topic: Nissan Leaf ?
Replies: 40
Views: 5105

Re: Nissan Leaf ?

I bought a used 2013 Leaf with 11k miles on it a few months ago. So far, so good. I just have a 110v charger and no issues. I don't have need of a faster charger given my typical driving range. For an around town car, it is fantastic. The somewhat elevated driving position is nice, and there is plen...
by wjo
Sun Nov 27, 2016 12:23 pm
Forum: Personal Consumer Issues
Topic: Why do reviewers love the Dell XPS 13 but users don't?
Replies: 67
Views: 13251

Re: Why do reviewers love the Dell XPS 13 but users don't?

FWIW, I use the XPS13 as my travel notebook for work. It has been a good and reliable machine. Small form factor and weight make it easy to travel with. No issues. However, it isn't a full size laptop so there some compromises from the form factor. I wouldn't want it as my sole machine but for trave...
by wjo
Mon Sep 19, 2016 1:31 am
Forum: Personal Consumer Issues
Topic: avalon hybrid
Replies: 32
Views: 3512

Re: avalon hybrid

I test drove the Avalon hybrid and regular version. Both very nice cars. Given total cost of ownership...esp resale...I would agree with the posters who mention the Lexus ES as an alternative. But you can't really go wrong with the Avalon. Another car to look at is the Honda Accord hybrid. It is a g...
by wjo
Mon Sep 12, 2016 11:24 pm
Forum: Investing - Theory, News & General
Topic: Presidential Election Insurance, Use T-Bills?
Replies: 65
Views: 7096

Re: Presidential Election Insurance, Use T-Bills?

Isn't the general suggestion to have high quality treasuries in general as opposed to corporate bonds in terms of gaining diversifying power? In the 08-09 crash, wasn't it treasuries that were the the only asset the jumped up a bit as opposed to down - corporate bonds were down IIRC. Isn't your ques...
by wjo
Fri Aug 26, 2016 9:55 pm
Forum: Personal Consumer Issues
Topic: Surprised by Costco Citi VISA first statement
Replies: 28
Views: 5587

Re: Surprised by Costco Citi VISA first statement

Because of these problems with knowing what counts for variable rewards cards, I have been very happy with fixed reward cards. Currently I use the Barclay's Arrival Plus card - 2.1% cash back and no foreign transaction fees. The no foreign transaction fees and additional .1% cash back generally pay ...
by wjo
Fri Aug 26, 2016 9:51 pm
Forum: Investing - Theory, News & General
Topic: Fidelity competing harder w/Vanguard
Replies: 92
Views: 13216

Re: Fidelity competing harder w/Vanguard

Competition is good. One more reason for me to be happy with having accounts at Fidelity. New money is going into some of these Fidelity (ex Spartan) index funds. I am not worried that Fidelity will raise its expenses - competition should keep the expenses low for some time. Securities lending benef...
by wjo
Tue Aug 16, 2016 7:38 pm
Forum: Personal Investments
Topic: Help with University of Texas System 403b/Roth 403b
Replies: 15
Views: 2039

Re: Help with University of Texas System 403b/Roth 403b

I would definitely use an IRA first before contributing to a company/university retirement plan. If so fortunate through outside resources to be able contribute to both, the university plans are pretty good. A rare circumstance is access to TIAA products. If risk averse, it is hard to find a much be...
by wjo
Thu Apr 28, 2016 12:30 am
Forum: Investing - Theory, News & General
Topic: A Look at Seasoned Equity Offerings
Replies: 2
Views: 606

Re: A Look at Seasoned Equity Offerings

Good summary.

It is strange this wasn't studied more earlier?

Is anyone taking advantage of this information in funds?
by wjo
Tue Mar 22, 2016 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: I Really want to start my own RE Development business, but scared and busy
Replies: 5
Views: 823

Re: I Really want to start my own RE Development business, but scared and busy

Sounds like you have talent but lack a business plan - and perhaps a partner to fill in skills gaps. Marketing and finance are job one for entrepreneurs. Rather than making the jump quickly, why don't you work on a business plan and lay the ground work for moving forward, all while saving like crzay...
by wjo
Sat Jan 30, 2016 11:47 am
Forum: Investing - Theory, News & General
Topic: New S&P Target Date funds built on TIPS
Replies: 18
Views: 3757

Re: New S&P Target Date funds built on TIPS

Thanks, Bobcat, for the update. These duration matching structures are one of the most interesting innovations in financial products. I hope the indices are picked up into sucesful products...however, I am uncertain how well these will be marketed. I expect that their performance will deviate quite ...
by wjo
Fri Jan 15, 2016 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Inherited RMD - is this a strange situation?
Replies: 8
Views: 985

Re: Inherited RMD - is this a strange situation?

I think when transferring accounts with required RMDs, the general practice if the for firm sending the money to take the RMD out for the year. So I think what happened is ok and you have satisfied your RMD for 2016. Vanguard can process RMDs for 2017 on. The question is to make sure the correct tax...
by wjo
Fri Jan 15, 2016 12:10 am
Forum: Personal Finance (Not Investing)
Topic: What age does LBYM (being a big saver) pay off?
Replies: 81
Views: 13515

Re: What age does LBYM (being a big saver) pay off?

OP - It really starts to pay off when you realize you have enough of a financial cushion to retire or ride our a storm of no income, even if you had to take a drop in your standard of living. In our 40s now, we have enough saved that if we choose we could move to a low cost of living area and live m...
by wjo
Wed Dec 16, 2015 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Is TIAA-CREF one of the "good guys"?
Replies: 62
Views: 21598

Re: Is TIAA-CREF one of the "good guys"?

I can relay an experience with a free consultation with a TIAA wealth management advisor (WMA). We got the full treatment of a financial plan. Basically, move everything to TIAA-CREF custody and you are given a plan generated using proprietary analysis from Ibbotson and associates. They developed an...
by wjo
Tue Sep 15, 2015 9:14 pm
Forum: Personal Consumer Issues
Topic: I'm moving from Crashplan to Amazon Cloud Storage
Replies: 13
Views: 6683

Re: I'm moving from Crashplan to Amazon Cloud Storage

This is really good information. I am a happy Crashplan user so far but did not understand this aspect of the service. I have been very happy using it across three computers (family plan) and do like the encryped nature of the service. Here, I don't trust Amazon, Google, others to keep my stuff secu...