Search found 257 matches

by dognose
Sun Apr 15, 2018 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Max % of tax exempt bonds in portfolio?
Replies: 10
Views: 743

Re: Max % of tax exempt bonds in portfolio?

I've had 100 percent of my fixed income portfolio in munis for the last 25 years, with no problems. I have no plans to make any changes. Vanguard Intermediate Term Tax Exempt works just fine.
by dognose
Fri Jan 26, 2018 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Pension or Lump Sum
Replies: 7
Views: 709

Re: Pension or Lump Sum

Assuming you're in reasonably good health, the pension (monthly annuity payments) is your best bet. A lot of people take the lump sum because it looks like a huge amount of money, and they figure they can out-manage professional pension managers with their retirement money. I wouldn't (and didn't) m...
by dognose
Tue Nov 14, 2017 6:40 pm
Forum: Personal Consumer Issues
Topic: Keurig died...what now?
Replies: 73
Views: 6011

Re: Keurig died...what now?

Good grief ... buy another Keurig machine and get on with your life.
by dognose
Thu May 04, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Retirement income for 50+ years?
Replies: 167
Views: 17965

Re: Retirement income for 50+ years?

djtino, I did extensively explore the idea of working with a "wealth manager," although I could not find a manager or firm that I viewed as reasonable in terms of expenses. Most wanted at least 1-1.25 percent annually to manage our account, and most of them also tacked various expenses onto this. Ma...
by dognose
Thu May 04, 2017 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Retirement income for 50+ years?
Replies: 167
Views: 17965

Re: Retirement income for 50+ years?

Yes, the CPA was mainly used to disentangle us from earlier investments with Merrill Lynch, MLPs, etc., before I discovered the wisdom of indexing. The CPA also was helpful as we moved from a high-tax area (NY taxes are a nightmare, especially if dealing with things like stock options). I still thin...
by dognose
Thu May 04, 2017 10:14 am
Forum: Investing - Help with Personal Investments
Topic: Retirement income for 50+ years?
Replies: 167
Views: 17965

Re: Retirement income for 50+ years?

I was in almost exactly the same situation as the OP when I took early retirement about 15 years ago. Here's what I did with my money: 1. Spent $2 million on an immediate lifetime annuity for me and my spouse. Annuity is not indexed to inflation. I think annuities tend to get a bad rap, especially f...
by dognose
Tue May 02, 2017 1:36 am
Forum: Investing - Theory, News & General
Topic: "The Road Less Traveled" by John Bogle
Replies: 31
Views: 4888

Re: "The Road Less Traveled" by John Bogle

John Bogle is a national treasure, and Taylor Larimore is a true American hero. We sure travel with some classy people on this forum.
by dognose
Mon Feb 20, 2017 6:26 pm
Forum: Personal Consumer Issues
Topic: Cost of tax preparation
Replies: 43
Views: 4316

Re: Cost of tax preparation

I spend about $2000 to have my federal and state taxes prepared each year by a CPA. It's the best money I spend each year.
by dognose
Mon Jan 30, 2017 8:01 am
Forum: Personal Consumer Issues
Topic: Please tell me if I can afford this Porsche
Replies: 81
Views: 7067

Re: Please tell me if I can afford this Porsche

Go out and buy the Porsche today. You can more than afford it, and you won't regret it.
by dognose
Fri Jan 27, 2017 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Growth Versus Income Investing - Master Limited Partnerships for Young, High Earners
Replies: 4
Views: 532

Re: Growth Versus Income Investing - Master Limited Partnerships for Young, High Earners

Also make sure you're comfortable handling the K-1 tax forms issued by MLPs, which can be an absolute nightmare.
by dognose
Tue Jan 03, 2017 9:11 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 22842

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

Agree on Otar. His book, "Unveiling the Retirement Myth," is by far the best personal/retirement finance book I've ever read.
by dognose
Tue Jan 03, 2017 6:34 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 22842

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

I forget the original questions asked in this thread. But I do know this: any thread that features multiple contributions by Larry Swedroe and Bill Bernstein is pretty cool. We've been treated to world-class financial advice in a single thread.
by dognose
Mon Jan 02, 2017 10:51 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 34070

Re: Whats your number to walk away?

My goal also was 25x annual expenses. I retired shortly after hitting that number 15 years ago. My nest egg now totals more than 150x annual expenses. The Bogleheads philosophy really pays off -- live below one's means, use index funds, etc. We also moved from a high-cost state, Connecticut, to a lo...
by dognose
Sun Jan 01, 2017 9:44 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 22842

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

rapporteur,

I'm impressed that you have a crystal ball that allows you to see clearly for the next decade or so. Where can I buy one of those?
by dognose
Fri Dec 30, 2016 10:45 am
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 22842

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

Thanks for the tip, TomP10. I will order the Clements book this morning.
by dognose
Thu Dec 29, 2016 1:14 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 22842

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

Larry,

I hope that someday you write a book focused solely on the marginal utility of wealth. It's a fascinating subject, and no one writes about it with as much passion and wisdom as you do.
by dognose
Wed Dec 28, 2016 5:32 pm
Forum: Investing - Theory, News & General
Topic: How many of you invest 100% at Vanguard?
Replies: 118
Views: 10362

Re: How many of you invest 100% at Vanguard?

100 percent Vanguard after a few years of paying crazy high fees for virtually no service at Merrill Lynch. When I went to close my account at Merrill -- an account which at that time was worth more than $10 million -- my Merrill account rep said, "I'm sorry, but I'm not familiar with your account."...
by dognose
Thu Dec 15, 2016 2:27 pm
Forum: Personal Consumer Issues
Topic: How will you tip this Christmas?
Replies: 51
Views: 5466

Re: How will you tip this Christmas?

My wife and I are extremely generous tippers, especially during the holiday season. Where we live, a large percentage of service workers are students and/or single mothers. They really need the money. Over the course of an entire year, and perhaps over an entire lifetime, such generous tipping is me...
by dognose
Wed Nov 30, 2016 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating New Car Purchase
Replies: 34
Views: 5013

Re: Negotiating New Car Purchase

1. Go to Edmunds.com or kelley Blue Book to research dealer cost of vehicle. If you don't know much about cars, go to Consumer Reports (they don't know much about cars, either, but they mean well and their numbers are more or less in the ballpark). 2. Go to dealership, pick out car, offer this price...
by dognose
Wed Nov 30, 2016 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling like you've "made it"
Replies: 107
Views: 12553

Re: Feeling like you've "made it"

I have a business associate who has a great expression about people who think they have it made. She says: get over yourself, and move forward. So get over yourself, and move forward.
by dognose
Wed Nov 30, 2016 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: What level of wealth will get the attention of an estate attorney?
Replies: 39
Views: 6992

Re: What level of wealth will get the attention of an estate attorney?

If you are capable of fogging a mirror, you can gain the attention of an estate lawyer.
by dognose
Wed Nov 30, 2016 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions
Replies: 109
Views: 17661

Re: Edward Jones Guided Solutions

Dump Edward Jones immediately. Run. Do not look back.
by dognose
Wed Nov 30, 2016 6:09 pm
Forum: Local Chapters and Bogleheads Community
Topic: livesoft is almost at 50,000 posts...
Replies: 62
Views: 6893

Re: livesoft is almost at 50,000 posts...

Livesoft has provided an incredible amount of sound investing advice over the years. He also has challenged investors to do their own research and reach their own conclusions. In addition, he has a great sense of humor. This guy is golden.
by dognose
Mon Nov 28, 2016 5:16 pm
Forum: Personal Consumer Issues
Topic: Time to buy a vehicle - New vs Used Math Sanity Check
Replies: 24
Views: 3646

Re: Time to buy a vehicle - New vs Used Math Sanity Check

Buy new, pay cash, do not buy extended warranty. Repeat every decade or so.
by dognose
Mon Oct 03, 2016 2:43 pm
Forum: Local Chapters and Bogleheads Community
Topic: Where is Livesoft?
Replies: 94
Views: 16523

Re: Where is Livesoft?

Livesoft finally snapped after reading, for a millionth time, a post asking: "Do I need umbrella insurance?"
by dognose
Thu Sep 22, 2016 3:15 pm
Forum: Investing - Theory, News & General
Topic: Help understanding the attraction to W & W [Wellington/Wellesley]
Replies: 38
Views: 5222

Re: Help understanding the attraction to W & W [Wellington/Wellesley]

If you're into active management, it's hard to beat W&W. You get strong, professional management teams at rock-bottom fees. As active managers, they maintain the asset allocations advertised by the funds. My wife's retirement money has been invested in Wellington for more than 25 years, and her aver...
by dognose
Mon Jul 25, 2016 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Any retirees here who have been life-long renters?
Replies: 140
Views: 13050

Re: Any retirees here who have been life-long renters?

I've been a long-term renter and then a long-term owner. As an owner, I gained millions of dollars in gains on my properties, over and above maintenance and other costs. From strictly a financial perspective, owning property has worked well for me. I also like the emotional aspects of home ownership...
by dognose
Fri Jun 03, 2016 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Should I try to pay off mortgage aggressively?
Replies: 25
Views: 4336

Re: SHould I try to pay off mortgage aggressively?

Yes, you should pay off your mortgage aggressively.
by dognose
Fri Jun 03, 2016 3:39 pm
Forum: Investing - Theory, News & General
Topic: Dividends Useless?
Replies: 154
Views: 10531

Re: Dividends Useless?

Dividends are not useless. In fact, they're quite valuable. But they are not "free money," as many investors seem to think. Dividends are just part of total return, and are relatively inefficient from a tax standpoint. Warren Buffett figured this all out a few decades ago, opting for total return ov...
by dognose
Fri Jun 03, 2016 3:15 pm
Forum: Personal Consumer Issues
Topic: What TYPE of books do you like to read?
Replies: 48
Views: 3457

Re: What TYPE of books do you like to read?

American history, which provides a great framework for investors.
by dognose
Mon May 23, 2016 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: I just shorted the S&P, now what do I do?
Replies: 61
Views: 7910

Re: I just shorted the S&P, now what do I do?

Warren Buffett recommends going long the S&P 500, forever. Some people go short with "play money." I'll stick with Buffett.
by dognose
Thu May 19, 2016 5:52 pm
Forum: Personal Consumer Issues
Topic: Is living in the Bay Area this difficult?
Replies: 49
Views: 9224

Re: Is living in the Bay Area this difficult?

My wife and I lived in the Bay area for four years. Best years of our lives, and we've lived in lots of great areas. The downsides are extremely high housing costs and clogged roads. The upsides, though, are almost countless: spectacular area geographically, outstanding employment/advancement prospe...
by dognose
Thu May 19, 2016 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Special Considerations for High Net Worth? Advisor?
Replies: 40
Views: 3861

Re: Special Considerations for High Net Worth? Advisor?

I have been a high net worth investor for the last 30 years. I have a great CPA who handles my taxes, and my wife and I used a top-notch local estate lawyer a few years ago to handle estate issues, including health care directives, power of attorney statements, wills, trusts, etc. We also have an um...
by dognose
Fri May 13, 2016 5:58 pm
Forum: Investing - Theory, News & General
Topic: Jim Cramer doesn’t beat the market
Replies: 96
Views: 14437

Re: Jim Cramer doesn’t beat the market

Lots of people like to fight the basic three-fund portfolio advocated by the Bogleheads. Lots of people are wrong.
by dognose
Sat Jan 23, 2016 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: How [much] do CPAs charge for tax prep?
Replies: 15
Views: 3331

Re: How do CPAs charge for tax prep?

For my federal tax return, a "junior" level CPA does 95 percent of the work, at $150 per hour. My return is then reviewed by a "senior" CPA, who charges $600 per hour (i'm not kidding). Total cost of my federal return is about $2k per year. It's by far the best money I spend each year.
by dognose
Fri Jan 22, 2016 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do you use the service of a CPA or you do your tax yourself?
Replies: 88
Views: 8765

Re: Do you use the service of a CPA or you do your tax yourself?

I have used a CPA for many years because my federal tax return is very complicated. I pay about $2k per year for tax prep, a figure that may shock some people. I consider it the best money I spend each year.
by dognose
Tue Oct 20, 2015 3:04 pm
Forum: Investing - Theory, News & General
Topic: Dr Bernstein: Limit Muni Bond Exposure
Replies: 110
Views: 16168

Re: Dr Bernstein: Limit Muni Bond Exposure

In my fixed income accounts, I am 100 percent muni bonds. Never had a problem with this, and don't expect to have a problem. Any hand-wringing over munis is just noise to me - - and a great opportunity to buy more munis.
by dognose
Tue Oct 20, 2015 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Is Leasing a car not frugal but a good idea?
Replies: 104
Views: 15241

Re: Is Leasing a car not frugal but a good idea?

Leasing a car is incredibly stupid, from a financial standpoint. But it's also very easy to do, and many people prefer expediency over intelligence. People who lease cars justify their decision in a thousand different ways, all of them wrong.
by dognose
Mon Oct 05, 2015 5:46 pm
Forum: Personal Consumer Issues
Topic: Buy a color printer [inkjet] or black and white [laser] for light home use?
Replies: 106
Views: 8478

Re: Should I buy a color printer or black and white for home use?

Spend a couple of hundred dollars for a color printer. Go wild.
by dognose
Fri Sep 25, 2015 5:33 pm
Forum: Personal Consumer Issues
Topic: Water leak
Replies: 11
Views: 1330

Re: Water leak

Leaking water in the house and someone is debating whether to hire a plumber? Whatever a plumber charges is chump change compared to what real water damage can cause in just a few minutes. And don't count on the insurance company , which will discount everything you say. Hire the plumber, like yeste...
by dognose
Fri Sep 25, 2015 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Ever paid for home inspection as the seller?
Replies: 42
Views: 3707

Re: Ever paid for home inspection as the seller?

I always pay to have a home inspection as a seller. It lets me know what's wrong/right with the house well before a sale. If the ultimate buyer wants to do his/her own inspection, which is usually the case, that's fine with me. A $500 home inspection has always paid for itself, with me, in countless...
by dognose
Sun Sep 20, 2015 2:09 pm
Forum: Investing - Theory, News & General
Topic: Am I crazy to include EDV (30 year bonds) in my portfolio?
Replies: 15
Views: 1602

Re: Am I crazy to include EDV (30 year bonds) in my portfolio?

You're not crazy, Texasdude17, but a 5 percent hedge isn't really much of a hedge. I would roll that 5 percent into VWIUX, which would give you more than enough of a safety net to weather any downturn, and a 66 percent stock allocation should provide outstanding long-term growth. In other words, you...
by dognose
Tue Sep 15, 2015 5:43 pm
Forum: Personal Consumer Issues
Topic: 2016 Subaru Crosstrek
Replies: 44
Views: 9826

Re: 2016 Subaru Crosstrek

I don't know about the Crosstrek, but I once had a Subaru Outback and it was the best car I've owned from a reliability standpoint. It never had a single problem -- not one -- in the 179,000 miles I owned it.
by dognose
Tue Sep 15, 2015 5:31 pm
Forum: Personal Consumer Issues
Topic: Consumer Reports Magazine & Website
Replies: 99
Views: 10434

Re: Consumer Reports Magazine & Website

I gave up on CR when they started complaining about the lack of cup holders in certain Porsche models.
by dognose
Mon Sep 14, 2015 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Am I being too stingy for a high-income household?
Replies: 223
Views: 23305

Re: Am I being too stingy for a high-income household?

The OP would have to rally considerably to be regarded as stingy. Lots of other adjectives come to mind first.
by dognose
Sat Sep 12, 2015 10:19 am
Forum: Personal Consumer Issues
Topic: Should I sell my BMW?
Replies: 38
Views: 4765

Re: Should I sell my BMW?

Keep the BMW. If you went from an M3 to a Corolla or Civic, you would literally think the engine had fallen out. I actually like Corollas and Civics, but let's get real here.
by dognose
Fri Sep 11, 2015 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Moving on from past mistakes
Replies: 21
Views: 2235

Re: Moving on from past mistakes

Sell the stock, and don't buy any more individual stocks. Waiting for the stock to "come back" is a classic beginner's error. Most of us have been there, including me, before I discovered the wisdom of index investing.
by dognose
Thu Sep 10, 2015 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Wellesley for next 20+ years in IRA?
Replies: 47
Views: 7665

Re: Wellesley for next 20+ years in IRA?

The OP clearly is very risk-averse, which is fine. Wellesley is a good, conservative choice for many people. But my guess is that the OP would sleep better at night by investing in the Total Retirement Income fund (VTINX). Vanguard is currently showing a 10-year average return of 4.98 percent for th...