Search found 190 matches

by GMT-8
Tue Oct 06, 2020 11:53 am
Forum: Personal Investments
Topic: Retired, how to best withdraw my investments tax efficiently?
Replies: 17
Views: 2773

Re: Retired, how to best withdraw my investments tax efficiently?

I would suggest you spend an hour or two (free) with i-orp (optimal retirement planner) which is fairly easy to use and quite sophisticated with calculations of when and how much to draw from Tax advantaged accounts IRA, 401(k), etc Taxable accounts Illiquid investments home, land, etc And also take...
by GMT-8
Mon Sep 21, 2020 11:52 am
Forum: Personal Investments
Topic: In need of a strategy update
Replies: 14
Views: 1365

Re: In need of a strategy update

When I faced retirement I went through a "Simplification" phase that was well worth the effort. I wish I'd done it many years before. You are wise to undertake this process. Among other things, I consolidated banks so I now have one no-fee credit union for most of our banking, and one account at a "...
by GMT-8
Fri Sep 11, 2020 2:17 pm
Forum: Personal Investments
Topic: Any reason not to combine your 401K when changing employers?
Replies: 34
Views: 2863

Re: Any reason not to combine your 401K when changing employers?

We simplified from: 1 Regular IRA 1 SEP IRA 1 401(k) 1 minimal pension cashout option 1 supplemental retirement 1 early retirement annuity 1 TIAA annuity 1 403(b) CREF to 1 Rollover IRA for me 1 Rollover IRA for her 1 TIAA annuity (ending payout 2021) I can't tell you how much easier it is now to ma...
by GMT-8
Thu Sep 10, 2020 10:52 pm
Forum: Personal Investments
Topic: Is it Possible to Opt-out of Fidelity Premium Services?
Replies: 37
Views: 3988

Re: Is it Possible to Opt-out of Fidelity Premium Services?

I’m with the original poster. These things infuriate me. Obviously different Bogleheads have a variety of reactions, but my response is always to ask or insist they leave me alone. But it’s not just a financial services company trick — this applies to software, autos, insurance, etc. Since we all ha...
by GMT-8
Tue Sep 08, 2020 1:42 pm
Forum: Personal Investments
Topic: Tax benefits of real estate without the work?
Replies: 9
Views: 1226

Re: Tax benefits of real estate without the work?

Liquidity is also an issue to consider with Real Estate. As is balancing value in multiple holdings - say you want to leave a property or two to each child -- how do you even things up if they vary in value? You can sell your stocks and bonds rapidly if you need to. But having handled some estates, ...
by GMT-8
Tue Sep 08, 2020 1:37 pm
Forum: Personal Investments
Topic: Vanguards brokerage account number
Replies: 17
Views: 733

Re: Vanguards brokerage account number

I just logged on and it's shown on the balances and holdings page, next to the "name" of each account.
We have two trust accounts and two IRAs and each account's number is shown.

So that's it for 3 of us in a row.

GMT
by GMT-8
Tue Sep 08, 2020 1:33 pm
Forum: Personal Investments
Topic: Lump Sum Vs Dollar Cost Average
Replies: 19
Views: 1451

Re: Lump Sum Vs Dollar Cost Average

We had just that dilemma when a large inheritance check arrived 10 days ago. Knowing all the theory doesn't make it easier; I know Lump is better but I hedged my bets. I put in 80% in bonds on Friday, 20% in stocks on Monday and now our Asset Allocation is balanced. I have since forgotten what happe...
by GMT-8
Sat Sep 05, 2020 10:31 am
Forum: Personal Investments
Topic: Do I really own anything if everything can require a Medallion signature which I can never get?
Replies: 71
Views: 7870

Re: Do I really own anything if everything can require a Medallion signature which I can never get?

It’s not a big deal - I’ve only had to do a couple times - such as after 911 when due to security concerns they made us all use our first and last names on accounts. For 40 years before that I only used my middle name, never my first name. Or for another example, when I wanted to link my sole propri...
by GMT-8
Thu Sep 03, 2020 11:26 am
Forum: Investing - Theory, News & General
Topic: Need Help Breaking Through a Mental Accounting Block
Replies: 25
Views: 1954

Re: Need Help Breaking Through a Mental Accounting Block

I consider everything except my checking account in the asset allocation. I can't be bothered trying to hit all those different savings targets. For example, my wife and I each have an IRA. We have two trust (taxable) accounts, so 4 in all at VG. I calculate asset allocation against the totals. IRA ...
by GMT-8
Wed Sep 02, 2020 6:04 pm
Forum: Investing - Theory, News & General
Topic: What is your age and asset allocation ?
Replies: 246
Views: 15531

Re: What is your age and asset allocation ?

Here's the chart based on the calculations of the OP. I didn't add the most recent contributors. https://1.bp.blogspot.com/-eXNr46ausGs/X1AjYCcU6JI/AAAAAAAANaI/Lf6ncWxLXLYIZ3agVCT0di0_O4NLubVlQCNcBGAsYHQ/s1178/stocks.jpeg I'm 69 and my current allocation is 56% bonds, 37% stocks and 7% cash. I might...
by GMT-8
Mon Aug 31, 2020 1:50 pm
Forum: Personal Investments
Topic: Help me break my addiction to watching the Market / Worrying
Replies: 52
Views: 3706

Re: Help me break my addiction to watching the Market / Worrying

Find a friend like mine who lost all his money in the stock market by trading on margin. Or like my former brother in law who lost 10 million of his 11 million portfolio in a year, divorced and became an alcoholic. That willl help break you of the habit, albeit the hard way (on them). I second SandT...
by GMT-8
Mon Aug 31, 2020 1:39 pm
Forum: Personal Investments
Topic: Considering change from 80% to 100% VTSAX in Roth to reach investment goal for heirs
Replies: 7
Views: 1191

Re: Considering change from 80% to 100% VTSAX in Roth to reach investment goal for heirs

I have to agree with Shess. My grandmother (grandpa's second wife) was quite wealthy when he died, but considered the money really belonged to my mom and my aunt. Thus while she lived well enough, she was very careful with the money and even more careful not to say ANYTHING whatsoever about the fund...
by GMT-8
Mon Aug 31, 2020 1:21 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 28362

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

He's 60 and you are 30 or 35? He has $1 million in Tesla and Elon Musk has $100 billion. That's like me telling my college roommate he's wise to cash out of Qualcomm at $35, or my friend to get out of Apple at $100. Or me inducing my Apple-owning friend to join me in an investment (we were about 30)...
by GMT-8
Mon Aug 31, 2020 1:15 pm
Forum: Personal Investments
Topic: Convincing teenager to invest in Roth
Replies: 109
Views: 5903

Re: Convincing teenager to invest in Roth

I guess once you are generous it is hard to turn off the tap because they know you are the emergency fund ... For what it's worth, my parents used this argument on me: "Save whatever you think you will need, because you will never get anything from us once you leave home." and I never did. They were...
by GMT-8
Fri Aug 28, 2020 10:29 am
Forum: Personal Investments
Topic: Financial Advisor (Morgan Stanley) wants to end relationship with ("fire") my grandfather
Replies: 62
Views: 6902

Re: Financial Advisor (Morgan Stanley) wants to end relationship with ("fire") my grandfather

A very close friend who was a prominent investment advisor in our community gave me this good advice when we were shopping for a new car: You can't tell another man how to run his business. You can only tell yourself how to run your own business. So take your business to someone who agrees with you ...
by GMT-8
Fri Aug 28, 2020 10:20 am
Forum: Personal Consumer Issues
Topic: Lead paint and house offer accepted
Replies: 47
Views: 3579

Re: Lead paint and house offer accepted

As other posters have said, if you are so very worried at this point, then buy another house because there is no rational reason for your worry and no rational way for us to talk you out of it. But I will comment anyway. I live in a house built in 1952 in a neighborhood first settled in 1910. That m...
by GMT-8
Tue Aug 25, 2020 4:24 pm
Forum: Personal Investments
Topic: Help with Cost Basis Question - Necessary to know for DAF Donation?
Replies: 5
Views: 370

Re: Help with Cost Basis Question - Necessary to know for DAF Donation?

I‘be been giving shares for about 15 years and never reported anything on cost basis. My tax man must be reporting zero.

GMT
by GMT-8
Tue Aug 25, 2020 4:15 pm
Forum: Personal Investments
Topic: transfer funds
Replies: 22
Views: 1135

Re: transfer funds

You can search this forum for “transfer funds” but to make it simple — call Vanguard and have them pull the money. Don’t try to push it over. They have experts to help you.

GMT
by GMT-8
Mon Aug 24, 2020 4:55 pm
Forum: Personal Investments
Topic: Why all the talk about owning some funds in taxable accounts vs tax preferred accounts
Replies: 13
Views: 1742

Re: Why all the talk about owning some funds in taxable accounts vs tax preferred accounts

But yes, a Roth IRA would likely be better than a traditional IRA for any 100-bagger stocks you plan to have.
Could you please state this in plain English? I cannot understand what you mean.

Thank you

GMT
by GMT-8
Mon Aug 24, 2020 1:28 pm
Forum: Personal Investments
Topic: When is enough enough?
Replies: 73
Views: 7058

Re: When is enough enough?

Correct, we are in a state where teachers don’t pay into Social Security. It’s a little frustrating because my wife has 10 years post college non-teaching employment that paid into the system that she will never get to enjoy. As well she will not get spousal and/or survivor benefits from my social ...
by GMT-8
Mon Aug 24, 2020 12:45 pm
Forum: Personal Investments
Topic: mutual funds sales loads
Replies: 9
Views: 434

Re: mutual funds sales loads

This is exactly what happened to me. I told an advisor at a reputable brokerage that I didn't want any "Load Funds" (I didn't know what a class A fund was), and so he put a chunk of my money into back-loaded funds (class C). After the fact he explained that I didn't have to pay any fees if I stuck t...
by GMT-8
Mon Aug 24, 2020 12:38 pm
Forum: Personal Investments
Topic: Vanguard Funds that offer a monthly payment?
Replies: 27
Views: 3370

Re: Vanguard Funds that offer a monthly payment?

I don't know, I'm still getting monthly payments from my bond funds.
Me too.
$20k year to date in monthly dividends from VBILX, VBLAX, VCADX and VCALX bond funds

GMT
by GMT-8
Fri Aug 21, 2020 9:25 am
Forum: Personal Investments
Topic: When do you take profits and what do you do with them?
Replies: 35
Views: 2544

Re: When do you take profits and what do you do with them?

We are retired and live mostly off my wife's pension and my small side gigs. I sell 2-3 times a year when I feel "it's time" -- either the shares are high, or I know that there's an impending deadline, like Dec 31. As mentioned by others, the funds are often used to rebalance our portfolio. We also ...
by GMT-8
Wed Aug 19, 2020 6:14 pm
Forum: Personal Investments
Topic: This is why DIY is the way to go
Replies: 11
Views: 2034

Re: This is why DIY is the way to go

Your post deserves a reply.

BRAVO

That's exactly how I felt when I broke free from the man

GMT
by GMT-8
Wed Aug 19, 2020 6:05 pm
Forum: Personal Investments
Topic: Cash out 401K [?]
Replies: 29
Views: 1966

Re: Cash out 401K [?]

According to today's Google search, in 2019: average salary in America is $50,000 average 401(k) account has $90,000 median 401(k) account has $22,000 You have triple the salary and triple the 401(k) of the average household -- don't blow it and become the median. We are throwing ice water on your i...
by GMT-8
Wed Aug 19, 2020 5:40 pm
Forum: Personal Investments
Topic: Which budgeting software do you use ?
Replies: 66
Views: 3712

Re: Which budgeting software do you use ?

I also use the "I don't need a budget" method; our household isn't that complicated. If you spend a fraction of what you earn it's easier as you never come near the edge. My wife doesn't want to know anything about the money stuff if she can help it... I have everything spread across 1 credit union,...
by GMT-8
Tue Aug 18, 2020 1:22 pm
Forum: Personal Investments
Topic: How much did you save?
Replies: 102
Views: 13927

Re: How much did you save?

I had no rational plan - just saved as much as I could and kept my spending to a minimum. I started an IRA from the git-go in 1974 and had put in about $10k from miscellaneous non-benefit jobs before taking my first real position in 1979. It came with a pension so I couldn't contribute to the IRA an...
by GMT-8
Fri Aug 14, 2020 8:45 am
Forum: Personal Investments
Topic: I don't understand bonds
Replies: 27
Views: 2273

Re: I don't understand bonds

There is a small exception: if I remember correctly, when one claims SS benefits, one can optionally receive a lump sum equal to (maximum) six months of payments as if the claim had been made six months earlier. This reduces the future monthly payments accordingly. Having just done this a couple we...
by GMT-8
Wed Aug 12, 2020 3:36 pm
Forum: Personal Investments
Topic: Assets going from 600K->15M, should I change my asset allocation?
Replies: 175
Views: 17715

Re: Assets going from 600K->15M, should I change my asset allocation?

You're proving it now - reacting and responding to the gang here. I can only repeat the consensus -- don't tell anyone, get your "partner" situation squared away if possible, and go on living a reasonable lifestyle. Cheers,

GMT
by GMT-8
Fri Aug 07, 2020 1:45 pm
Forum: Personal Consumer Issues
Topic: Car safety after age 67 or so
Replies: 64
Views: 5048

Re: Car safety after age 67 or so

I'm a "car guy" having been in the repair business all my life. I have a couple old cars but most older people shouldn't try to eke out every last mile on an old banger. I can tell you plenty of horror stories, like driving 100 miles at night to rescue my 88 yr old father-in-law who blew up his Buic...
by GMT-8
Tue Aug 04, 2020 4:55 pm
Forum: Personal Investments
Topic: Newbie seeking allocation review
Replies: 6
Views: 490

Re: Newbie seeking allocation review

kyfishrman, Do you really have pension income of $45k a month as you stated? If so you don't really need our input. But if it's $45k a year then we should help you cut some of those Expense Ratios and simplify your complex accounts. When you retire you won't want to spend all your time figuring out ...
by GMT-8
Tue Aug 04, 2020 3:35 pm
Forum: Personal Investments
Topic: PORTFOLIO REVIEW Please (already retired)
Replies: 4
Views: 505

Re: PORTFOLIO REVIEW (already retired)

Thanks for the comments and questions. David Jay - yes I know about the QCD but I am not yet 69 so I haven't researched it in detail. Assuming it still exists, I would use it in lieu of the Vanguard Charitable DAF. Delamer - the estimated amount is a fraction of the property being sold by the estate...
by GMT-8
Tue Aug 04, 2020 1:58 pm
Forum: Personal Investments
Topic: PORTFOLIO REVIEW Please (already retired)
Replies: 4
Views: 505

PORTFOLIO REVIEW Please (already retired)

Hello folks, My wife and I just received our first Social Security direct deposits on Friday. Thanks to John Bogle's advice, Vanguard's low fees, and our good friend "compound interest", I hope we are pretty well set for the future. However, I foresee some potential future tax issues, so wanted to s...
by GMT-8
Mon Jul 27, 2020 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Bank autocancelled my cc - should I drop the bank?
Replies: 21
Views: 2376

Re: Bank autocancelled my cc - should I drop the bank?

I'm the one who posted about Visa vs Mastercard. It's to their advantage that we don't understand there is a difference. They are large financial companies who process credit transactions and charge merchants for that service. Visa is roughly 360 billion and MC around 300 billion capitalization. You...
by GMT-8
Sun Jul 26, 2020 6:51 pm
Forum: Personal Investments
Topic: Social Security Office Unresponsive 14 weeks
Replies: 9
Views: 1514

Re: Social Security Office Unresponsive 14 weeks

If you keep calling, you will keep distracting them and you will never get your money. Many people are working from home. We filed for spousal benefits retroactive to March, 2 weeks ago, and were told to expect to see some Social Security checks by September-October. Maybe you misunderstood or they ...
by GMT-8
Fri Jul 24, 2020 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Bank autocancelled my cc - should I drop the bank?
Replies: 21
Views: 2376

Re: Bank autocancelled my cc - should I drop the bank?

Anyone looking at your credit history will see the account was inactive anyway, and its cancellation. Don't worry about it. Use whatever card suits you - as long as you pay the bill on time. I had Citibank AAdvantage Visa and American Airlines switched to Mastercard. I called Citibank and said can I...
by GMT-8
Wed Jul 22, 2020 9:23 am
Forum: Personal Investments
Topic: Moving from TD Ameritrade to Vanguard
Replies: 17
Views: 1215

Re: Moving from TD Ameritrade to Vanguard

My experiences have been different, and satisfactory. They emailed us the forms, I printed them, the friend filled them out and signed and we scanned/emailed them back. Only her trust account needed a witnessed signature, which we had done at the UPS Store down the street. Nothing came or went by ma...
by GMT-8
Wed Jul 22, 2020 9:10 am
Forum: Personal Investments
Topic: Moving from TD Ameritrade to Vanguard
Replies: 17
Views: 1215

Re: Moving from TD Ameritrade to Vanguard

What difference does it make WHY? Perhaps he wants to invest with a company in Pennsylvania or has a grudge against Toronto Dominion Bank. The question was HOW? As recommended above, start at the Vanguard end and ask them to pull your money out. Interestingly I did this 2 months ago helping a friend...
by GMT-8
Tue Jul 21, 2020 12:54 pm
Forum: Personal Investments
Topic: Why make a written financial plan?
Replies: 39
Views: 2500

Re: Why make a written financial plan?

Before I retired, I was a technical writer, publisher and consultant. So I was always at a keyboard somewhere. I don't have a single written IPS in the Boglehead style, but I do have some very clearly defined policies which I have shared with my family: Keep expenses low - they are guaranteed and ea...
by GMT-8
Tue Jul 21, 2020 12:38 pm
Forum: Personal Investments
Topic: New Company offering investment advice
Replies: 6
Views: 500

Re: New Company offering investment advice

THIS IS THE PLACE TO GET A SECOND OPINION free of charge. But if you will, please wire the $4600 to my Citibank account, thank you. Seriously, they seem to have 20 qualified (expensive) people on the payroll, and they have many other assessment and evaluation offerings in the few-hundred-dollars ran...
by GMT-8
Tue Jul 21, 2020 12:27 pm
Forum: Personal Investments
Topic: Planning for my wife to retire in two years: a checkup
Replies: 16
Views: 1509

Re: Planning for my wife to retire in two years: a checkup

FWIW - I did a research report once on why people retire when they do: 1. health 2. hate my job 3. moving to be with family 4. outside trigger point (military, corporate policy) 5. laid off Financial issues were not in the top 5 reasons for choosing the time to go, even for people with next to no mo...
by GMT-8
Tue Jul 21, 2020 12:12 pm
Forum: Personal Investments
Topic: Where is your fixed income invested?
Replies: 71
Views: 5460

Re: Where is your fixed income invested?

I'm retired and will be taking SS next year. House is paid for, cars paid for, we live near the ocean so staycations are ok We live mostly on my wife's teacher pension at the moment. Assets $1.5M in stocks 60% VFIAX 500 Index VTSAX Total Market VWNAX Windsor II $1M in bonds 40% In IRA $750k VBILX Va...
by GMT-8
Tue Jul 21, 2020 9:15 am
Forum: Personal Investments
Topic: High net worth portfolio advice
Replies: 154
Views: 21821

Re: High net worth portfolio advice

And I would encourage those who are asking for more info about “how he did it” to lay off.
Whether “just curious” or wondering “how I can do that”, it’s none of your business.
by GMT-8
Thu Jul 16, 2020 8:38 am
Forum: Personal Investments
Topic: Long Time Reader - How Am I Doing?
Replies: 36
Views: 3802

Re: Long Time Reader - How Am I Doing?

Hi, Jumping in here, also from a coaching / PE teacher family. My wife filed this week for SS. Unless you are having SS deductions taken from your Teacher pay, you will not get SS when you retire. If your school district is public you are considered a government employee and WEP (Windfall Eliminatio...
by GMT-8
Tue Jul 14, 2020 6:49 pm
Forum: Personal Investments
Topic: I think I found someone to ask about retirement plans....
Replies: 41
Views: 8664

Re: I think I found someone to ask about retirement plans....

I've enjoyed reading this. I also am glad that you came back with an update. Can I comment on the boat portion of the dream? I live a mile from the Pacific Ocean and have spent many hours on the water, in other people's boats, plus my kayaks and other small vessels. I have done a dozen commercial cr...
by GMT-8
Mon Jul 13, 2020 3:45 pm
Forum: Personal Investments
Topic: Portfolio review: Net-worth-based glide path?
Replies: 8
Views: 836

Re: Portfolio review: Net-worth-based glide path?

My General Review: Your portfolio is too complicated and each position is too small.
Bonds will reduce your volatility, and simplifying will benefit you in many ways.
I prefer to have at least 10% in any single holding.

Good luck in the long gradual climb.

GMT
by GMT-8
Mon Jul 13, 2020 3:15 pm
Forum: Personal Investments
Topic: 81 yr old -need simple investment strategy
Replies: 56
Views: 5997

Re: 81 yr old -need simple investment strategy

Hello, In regard to your POA for your mother, I have recently gone through the same process when moving accounts for a 81-yr old friend who has asked me to have POA and be executor for her. Vanguard calls this process of setting up a second: "Agent Authorization". I'm sorry I can't tell you the exac...
by GMT-8
Thu Jul 09, 2020 6:40 pm
Forum: Personal Investments
Topic: Beginner: Diversifying / Bond trouble / Advice
Replies: 10
Views: 772

Re: Beginner: Diversifying / Bond trouble / Advice

Just an observation: We on this site talk about "Why play the markets if you don't need to? Why take risk if you don't have to? Why chase performance?" As a young investor I made moves like you are doing. I was in newspapers and thought that might be a good area to invest. I'm talking in the Sixties...
by GMT-8
Thu Jun 25, 2020 7:22 pm
Forum: Personal Investments
Topic: PAS advisor portfolio [Why did they setup my accounts like this?]
Replies: 184
Views: 8930

Re: PAS advisor portfolio [Why did they setup my accounts like this?]

At the risk of offending you, I note that earlier in this thread someone noted that your (remaining) assets are in the $2.5M range. I see from a quick search that the average IRA balance for a person facing retirement in Q1 2020 is $98k. Perhaps you need to take a deep breath, thank God or your luck...