Search found 5927 matches

by Dandy
Sun Oct 13, 2019 4:13 pm
Forum: Investing - Theory, News & General
Topic: How often do you look at your IRA or 401K Balances
Replies: 25
Views: 1107

Re: How often do you look at your IRA or 401K Balances

Don't peek was a well meaning but very dumb idea. Yes there are people who will tend to make panic moves when the market plunges and sell all their equities and never invest in them again. It happens. Don't let that happen to you. People need to check their balances on a reasonable time frame especi...
by Dandy
Sat Oct 12, 2019 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Offer w/ very short decision turn around time
Replies: 12
Views: 1567

Re: Lump Sum Offer w/ very short decision turn around time

what else? Are you able to determine the retirement gap between expenses and income? What percent withdrawal from your current investments will that require? How will a pension address that gap? How will a lump sum address that gap? How secure is the company and its pension funding? Not only your a...
by Dandy
Wed Oct 09, 2019 9:02 am
Forum: Investing - Theory, News & General
Topic: Asset Allocation Driver
Replies: 13
Views: 1294

Re: Asset Allocation Driver

The game changes when you have far more than you need . It can. The NEED to take risk is less even though the risk tolerance might remain the same. If the goal is the same e.g. a certain asset level at a certain age - that seems to tilt in favor to a lower risk unless there is a new goal e.g. retir...
by Dandy
Tue Oct 08, 2019 10:25 am
Forum: Investing - Theory, News & General
Topic: Asset Allocation Driver
Replies: 13
Views: 1294

Re: Asset Allocation Driver

I think the size of your portfolio can be a factor in determining your allocation depending on your goal. Let's say you set a goal of having 2 million to retire by age 60 and at age 45 you have 1.5 million. If you current allocation is 80/20 do you need that level of risk to reach your goal? Probabl...
by Dandy
Mon Oct 07, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Half of Retirees Afraid to Use Savings
Replies: 111
Views: 12045

Re: Half of Retirees Afraid to Use Savings

I think that is very understandable. People work, save, invest get company matches and see their nest egg grow. If they have been frugal as a lifestyle that has become a way of life. Suddenly ?, in retirement with a loss of human capital, decades of possible retirement and not only not adding to the...
by Dandy
Mon Oct 07, 2019 7:58 am
Forum: Personal Investments
Topic: ESPP taxing rules, to hold or not to hold
Replies: 39
Views: 5451

Re: ESPP taxing rules, to hold or not to hold

Whatever the selling strategy is you should keep in mind the overall percentage of company stock you own vs your total portfolio. e.g. set a cap of 5% exposure and sell when/if the value is greater than 5%. It's ok to take a quick profit based on getting the discount. I am glad I kept to the 5% expo...
by Dandy
Tue Oct 01, 2019 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire checking 1000$ offer
Replies: 13
Views: 2239

Re: Chase Sapphire checking 1000$ offer

Got the same offer. Interest rate is 0.01% and I don't recall what was required to waive the high monthly fee. Decided to pass but possibly could be decent if the monthly fee waiver requirement was reasonable.
by Dandy
Mon Sep 30, 2019 6:38 am
Forum: Personal Investments
Topic: How doe the TYPICAL investor balance against interest And inflation spike risk?
Replies: 24
Views: 1803

Re: How doe the TYPICAL investor balance against interest And inflation spike risk?

In my TIRA I have a decent allocation to VG Inflation Protection Fund and I consider my modest equity allocation as assets that generally, over time, outpace inflation. I think to address interest changes you need to have some fixed income in intermediate bonds (they will tend to rise as interest ra...
by Dandy
Mon Sep 30, 2019 6:20 am
Forum: Personal Investments
Topic: Bonds as a large part of the portfolio
Replies: 16
Views: 1142

Re: Bonds as a large part of the portfolio

Low interest rates are an issue for investors. Usually, the fixed income is mostly for portfolio stability so that when the periodic equity plunges occur the investor has some assets left to live on/rebalance etc. Of course some also need fixed income for income. Managing portfolio risk is a major o...
by Dandy
Sun Sep 29, 2019 8:06 am
Forum: Personal Investments
Topic: How do early retirees survive bad markets?
Replies: 26
Views: 4808

Re: How do early retirees survive bad markets?

Try to enter the early retiree phase with little debt. In 2008-9 recession their were no jobs available, home sales were basically not existent, and HELOC's were often restricted. Also, if not already retired you might get a pink slip as companies adjust to falling demand etc. I always had a mix of ...
by Dandy
Sat Sep 28, 2019 2:39 pm
Forum: Personal Investments
Topic: Investment advice
Replies: 7
Views: 505

Re: Investment advice

I think it is prudent for most not to be all in on the equities at age 49. You might be feeling the subtle effect of declining human capital that results in fewer earning years to help recover from a sever equity plunge. Also, you might be more aware that many have the date of their retirement deter...
by Dandy
Sat Sep 28, 2019 10:46 am
Forum: Investing - Theory, News & General
Topic: AA measured in years, not percentages.
Replies: 30
Views: 1584

Re: AA measured in years, not percentages.

There really is no set it and forget it withdrawal plan that works in all possible situations e.g. negative interest rates. But, generally speaking when equities do well it seems reasonable to withdraw some/most/all from equities. When equities do poorly to withdraw some/most/all from fixed income. ...
by Dandy
Sat Sep 28, 2019 6:24 am
Forum: Investing - Theory, News & General
Topic: When do you see effects of compound interest on net worth?
Replies: 36
Views: 3864

Re: When do you see effects of compound interest on net worth?

For me it was when the growth of my nest egg was approaching my contributions. I felt the wind at my back as my portfolio was working as hard as I was saving. e.g. I was putting in 20k and the portfolio grew 40k.
by Dandy
Fri Sep 27, 2019 6:55 am
Forum: Investing - Theory, News & General
Topic: Asset Allocation Approaching Age 40s
Replies: 22
Views: 2481

Re: Asset Allocation Approaching Age 40s

I am 38; used to have an AA of roughly 90/10 but just switched it to be closer to 80/20. I am wondering if I should switch this to 70/30 or even 60/40 since I am almost in my 40s. I would say a bit more conservative that 80/20 would be better. If you feel you are behind that retirement asset level ...
by Dandy
Thu Sep 26, 2019 6:33 am
Forum: Personal Investments
Topic: Retirement Withdrawal Strategy Advice Needed
Replies: 6
Views: 1223

Re: Retirement Withdrawal Strategy Advice Needed

Oh the problems with having a lot of money. I was in a similar position when I retired in 2008. But then my more than enough was reduced to probably not enough. I used taxable savings to supplement a pension and bridge the wait to SS at age 70. I did some Roth conversions. My "mistake" was not focus...
by Dandy
Mon Sep 23, 2019 4:38 pm
Forum: Personal Investments
Topic: Do I need to become more conservative as I age
Replies: 22
Views: 2883

Re: Do I need to become more conservative as I age

Age usually goes along with declining human capital. If that is the case there are usually fewer earning/contribution years and therefore lower ability to save your way out of a significant asset decline. Also, it seems to be the trend that more and more people are retired earlier than they planned....
by Dandy
Sun Sep 22, 2019 8:33 pm
Forum: Personal Investments
Topic: Retirement Portfolio Review Please
Replies: 10
Views: 1365

Re: Retirement Portfolio Review Please

Home ownership is expensive not only the purchase but the maintenance. If you don't keep it up to standard you affect your selling time/price. I'd suggest renting outside of the most expensive areas. Make sure you have all the asset"birds" in hand and not have some "in the bush" before making any ex...
by Dandy
Sun Sep 22, 2019 6:36 am
Forum: Personal Investments
Topic: International Bonds and Stock Allocations
Replies: 15
Views: 981

Re: International Bonds and Stock Allocations

As far as international bonds I don't think they are a necessity. Most use fixed income allocation for portfolio stability, if that is the case there are plenty of US based choices that fit that need. The Total Bond fund is not really "total" but very good. But there are also Inflation Protected Fun...
by Dandy
Sat Sep 21, 2019 5:46 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance policy from the '80s
Replies: 9
Views: 960

Re: Life insurance policy from the '80s

Both retired and living comfortably. I think you need to help them figure out their NEED for insurance. Many times the retirement need for insurance is for burial expenses or loss of income for the widow or widower. In many cases their is little need beyond burial expenses. Once you determine the ne...
by Dandy
Fri Sep 20, 2019 7:30 am
Forum: Personal Investments
Topic: Roth IRA - Contributing too much too soon? (21 y/o)
Replies: 25
Views: 2102

Re: Roth IRA - Contributing too much too soon? (21 y/o)

I would load up on Roth while you are in the low earning years and the tax break from an IRA or 401k is less valuable. Later when your earnings get higher and so do your expenses you might want to switch all or most contributions to a retirement account that gives you a tax deduction and/or taxable ...
by Dandy
Wed Sep 18, 2019 3:30 pm
Forum: Personal Investments
Topic: Please help me invest a little sentimental mad money
Replies: 40
Views: 2497

Re: Please help me invest a little sentimental mad money

When our kids were young we would vacation with my in laws and my sister in law and her kids at the beach. We did that for maybe 6 or 7 years and we all had tons of fun. My mother and father in law passed many years ago. Recently, our grown children their husbands and grand kids started to vacation ...
by Dandy
Wed Sep 18, 2019 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Helping elderly parents manage finances - pros and cons
Replies: 62
Views: 4744

Re: Helping elderly parents manage finances - pros and cons

Neither my parents or my mother in law had investments. But I did take over their bill payment process. Bills came to me and I was given access to their account to pay bills. In both cases it greatly reduced the stress for them. I remember my dad fussing with matching his credit card receipts with t...
by Dandy
Tue Sep 17, 2019 6:38 am
Forum: Investing - Theory, News & General
Topic: Spreadsheets
Replies: 77
Views: 5890

Re: Spreadsheets

It's funny how some habits linger well beyond their actual critical need. I keep 2 speadsheets: 1. Investments/Savings - While I have them all on VG's website and update it for assets outside VG I feel the need monthly to enter they contents in a spreadsheet and have it make some automatic calc's th...
by Dandy
Mon Sep 16, 2019 2:21 pm
Forum: Personal Investments
Topic: Novice question about diversifying with bonds
Replies: 5
Views: 607

Re: Novice question about diversifying with bonds

Are these the kind of bond funds I should be considering? Yes, they are both good intermediate bond funds What significant differences are there between VBTLX and VWITX? Total Bond is a taxable pretty well diversified US bond fund. If held in a taxable account the distributions are subject to incom...
by Dandy
Mon Sep 16, 2019 1:53 pm
Forum: Personal Investments
Topic: Laid off at 62; need to move some money to cash from retirement account
Replies: 21
Views: 4557

Re: Laid off at 62; need to move some money to cash from retirement account

If you haven't done this already I would have your taxable distributions set to cash (to your money market account) instead of being reinvested.

Also, move your old employee retirement accounts to a TIRA - better investment choices and no fees or limits on withdrawals.
by Dandy
Mon Sep 16, 2019 7:04 am
Forum: Personal Finance (Not Investing)
Topic: What does “Stay the Course” mean exactly?
Replies: 35
Views: 3036

Re: What does “Stay the Course” mean exactly?

My take is generally yes that is what it means. But, Jack "violated" this "rule" around the year 2000 when he drastically reduced his equity allocation because equities were extremely overvalued. He was also in ill health at the time. He also discussed "tactical" allocations. So, the general idea is...
by Dandy
Sun Sep 15, 2019 5:44 am
Forum: Investing - Theory, News & General
Topic: The best portfolios when the going gets rough
Replies: 72
Views: 6259

Re: The best portfolios when the going gets rough

Did Peter offer any proof of that sweeping statement? He had great success but that doesn't make his statement golden.
by Dandy
Sun Sep 15, 2019 4:33 am
Forum: Investing - Theory, News & General
Topic: The best portfolios when the going gets rough
Replies: 72
Views: 6259

Re: The best portfolios when the going gets rough

I agree that retirees that have reached or exceeded their "number" should consider equity allocations around 40%. There is a point about less need for growth and it's higher risk and more need for asset preservation. I also think that while a decent intermediate bond fund like Total bond (which isn'...
by Dandy
Sat Sep 14, 2019 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard "new" checking to replace Advantage Accounts is not really checking
Replies: 27
Views: 4291

Re: Vanguard "new" checking to replace Advantage Accounts is not really checking

I don't think it was ever intended as a replacement for a check writing function. It provides for the facility to write a piece of paper (draft) to pay someone. This can be useful in certain cases rather than transferring money to your bank's checking account which can take several days. I miss the ...
by Dandy
Sat Sep 14, 2019 11:03 am
Forum: Personal Finance (Not Investing)
Topic: The Best Financial Advice I Ever Got
Replies: 8
Views: 3204

Re: The Best Financial Advice I Ever Got

I don't think he was being quite as literal as many people are taking it. He said it many times and never that I read or listen to did he indicate it was not to be taken literally. I and I'm sure most agreed that peeking has its risks but "don't make panic moves" would have been a wiser quote than ...
by Dandy
Sat Sep 14, 2019 10:42 am
Forum: Personal Finance (Not Investing)
Topic: How Have You Planned for Sequence of Return Risk (SOR)?
Replies: 167
Views: 9631

Re: How Have You Planned for Sequence of Return Risk (SOR)?

Here is what I did 1. had a moderate allocation e.g. 55/45 at the time I was retired --2008 2. had house paid for and no debt including education debt for children's education 3. had a modest pension from another company at retirement - and retiree health insurance 4. had about 4 years or more of dr...
by Dandy
Sat Sep 14, 2019 6:20 am
Forum: Personal Investments
Topic: Portfolio Review - Recently Retired
Replies: 6
Views: 1263

Re: Portfolio Review - Recently Retired

Since almost 50% of your assets are in TIRAs you might want to look at what effect RMDs will have on your tax bracket post age 70. The time between now and age 70 --especially before any Social Security is the time to consider any Roth conversions. I know I was surprised at how my RMDs are keeping u...
by Dandy
Thu Sep 12, 2019 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Am I just playing mind games with myself?
Replies: 23
Views: 3213

Re: Am I just playing mind games with myself?

Some will say so. To me you have an investment allocation of 60/40 which you should use to determine how any rebalancing should occur and how your contributions should be structured. The home improvement $$, emergency fund and targeted education assets is usually kept separate. The real issue should...
by Dandy
Thu Sep 12, 2019 6:32 am
Forum: Personal Investments
Topic: 403b: worth it or not?
Replies: 18
Views: 1869

Re: 403b: worth it or not?

My daughter is a teacher with horrible 403b choices and no match. I advised her to contribute to her Roth IRA and her husband to a TIRA . They will probably put any extra in taxable for now. I would look to see if there were more choices offered since you seem to have a decent amount extra to save/i...
by Dandy
Sun Sep 08, 2019 7:59 pm
Forum: Personal Investments
Topic: Windfall - Investment Advice
Replies: 18
Views: 1908

Re: Windfall - Investment Advice

Now is the time to decide on what your investments should be in and their allocation. It is good to document your investment approach, allocation, when you will rebalance, when you will revisit your approach e.g. near retirement, etc. and discuss and agree on this with your spouse. Now is also a goo...
by Dandy
Sun Sep 08, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: When do you start gifting the max to your family members? When is enough NW totally enough?
Replies: 80
Views: 9343

Re: When do you start gifting the max to your family members? When is enough NW totally enough?

I am fortunate to have enough pension and SS income to basically meet our normal expenses and a nice investment/savings portfolio. I basically don't need my RMD. My two children and husbands are employed, hard working and manage money well. I have two grandchildren. But, we live in a high cost of li...
by Dandy
Sun Sep 08, 2019 8:22 am
Forum: Personal Finance (Not Investing)
Topic: 3.875% fixed rate, 30-year mortgage: are you paying it off early?
Replies: 93
Views: 3938

Re: 3.875% fixed rate, 30-year mortgage: are you paying it off early?

a lot depends on your financial picture. What is the current savings/investing rate?, Are you at or ahead of your savings/investing goal? any other debts or ones that will occur soon? etc. Assuming none of that is a major issue I favor paying off mortgages ahead of schedule in most cases assuming th...
by Dandy
Sat Sep 07, 2019 6:17 am
Forum: Investing - Theory, News & General
Topic: Allan Roth: Why Risk-Profile Questionnaires Don’t Work
Replies: 48
Views: 3593

Re: Allan Roth: Why Risk-Profile Questionnaires Don’t Work

What these risk measures leave out is the atmosphere that occurs while your portfolio drops 50%. Media doom and gloom not only from formal new shows but from all shows/media. Also, rumors at work that there will be layoffs and maybe even some actual layoffs, etc. Most people taking a risk questionna...
by Dandy
Fri Sep 06, 2019 5:21 pm
Forum: Personal Investments
Topic: Thoughts on these locations for RMDs
Replies: 8
Views: 1011

Re: Thoughts on these locations for RMDs

I face a similar challenge. I am a little wary of building up a very large muni fund asset. Just feel most states are not in very good financial shape. Currently have it sent to Fed Money Market which avoids some state taxes (NJ). Might look at short term TIPS fund or Short Term Treasury to at least...
by Dandy
Fri Sep 06, 2019 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Retiring in 3 years, no pension, AA and other questions
Replies: 10
Views: 1442

Re: Retiring in 3 years, no pension, AA and other questions

So sorry about your loss. I looks as if you are left in decent financial shape and moving close to family seems like a good idea. I was forced to retire in 2008 at age 60. My highest allocation was probably 55/45 but my assets went from more than enough to probably not enough. I wanted to collect SS...
by Dandy
Fri Sep 06, 2019 5:48 am
Forum: Personal Investments
Topic: 32 Yr old DINKS Portfolio Advice
Replies: 10
Views: 1948

Re: 32 Yr old DINKS Portfolio Advice

You seem to be in fine financial shape. I wouldn't worry about having one fund with a .14 ER - it is probably more important to have good diversity and your other ERs are great. I think you can rely on your savings rate and company match to power your portfolio vs taking very high risk. Life balance...
by Dandy
Tue Sep 03, 2019 5:00 pm
Forum: Personal Investments
Topic: Self insured Long Term Care Fund
Replies: 36
Views: 2621

Re: Self insured Long Term Care Fund

I try to think where the payments might come from. For me maybe some of my RMD. Probably not my taxable equity investments but maybe our Roth accounts. Both my TIRA and Roths are low to moderately risk. I also roughly follow having enough "safe" assets to fund retirement needs to age 90 - might use ...
by Dandy
Mon Sep 02, 2019 8:27 pm
Forum: Personal Investments
Topic: Young people with good earnings and still want to work do 100 equities
Replies: 44
Views: 4619

Re: Young people with good earnings and still want to work do 100 equities

If you actually held 100% equities and invested regularly from age 25-55, you would have done just fine, because you would have had a huge portfolio in 2007 (13% annualized return for Vanguard 500 Index from 1978-2007), and losing half of it in 2008-2009 wouldn't be a disaster. If the future is muc...
by Dandy
Mon Sep 02, 2019 10:11 am
Forum: Personal Investments
Topic: Young people with good earnings and still want to work do 100 equities
Replies: 44
Views: 4619

Re: Young people with good earnings and still want to work do 100 equities

This ignores the massive gains the stock person had throughout their life that would be negated if they lost their job AND sold at a low. Over the long term 100% stocks, based on historical performance will outperform any other allocation. Massive gains are well within the possible. So any less tha...
by Dandy
Mon Sep 02, 2019 7:33 am
Forum: Personal Investments
Topic: Young people with good earnings and still want to work do 100 equities
Replies: 44
Views: 4619

Re: Young people with good earnings and still want to work do 100 equities

So say you are 25 and "relax" for the next 30 years at 100% equities. Then in your early 50's the market tanks and you lose your job. That is what happened to many of my co workers in 2008-9. Those great retirement dreams were gone. The company almost went under and put their pension and health insu...
by Dandy
Sun Sep 01, 2019 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: When was the most stressful financial time in your life?
Replies: 142
Views: 22130

Re: When was the most stressful financial time in your life?

In 1999 I had one kid in college and another about to be in college. My wife was in the midst of recovering from a life threatening illness. My company had new management and my new boss brought in someone from his prior firm to replace me. So I was out of a job in early 2000 at 51 and my portfolio ...
by Dandy
Sun Sep 01, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Cash & Checkbook Register Reconciliation
Replies: 61
Views: 3703

Re: Cash & Checkbook Register Reconciliation

I still reconcile checkbook statement to register for several reasons: 1. always did it. (not a good reason) 2. We pay bills on bill payment close to when received but using 3 or so business days prior to due date If I didn't keep a register I wouldn't have a handy record of my uncommitted balance. ...
by Dandy
Fri Aug 30, 2019 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Social Security age 70 or bust?
Replies: 81
Views: 4724

Re: Social Security age 70 or bust?

I do often wonder how many Bogleheads who advocate waiting until 70, are actually at FRA or older.) I'm 71. Was forced to retire at 60 in 2008 with modest pension. Saw nest egg go from probably enough to likely not enough. Always opted for delayed gratification so my wait to age 70 to collect SS wa...
by Dandy
Fri Aug 30, 2019 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Social Security age 70 or bust?
Replies: 81
Views: 4724

Re: Social Security age 70 or bust?

I'm an advocate for maximizing your retirement income especially if it is inflation protected. I would suggest setting 70 as a goal to collect, at least for the higher earner if married and assuming health is not an issue. If during the run up to age 70 if health or asset issues make that goal unrea...
by Dandy
Thu Aug 29, 2019 5:10 pm
Forum: Personal Investments
Topic: Moved 403b to Cash in anticipation of rollover, right move?
Replies: 5
Views: 311

Re: Moved 403b to Cash in anticipation of rollover, right move?

I tend to like roll over an account that has be consolidated into a money market or Stable Value fund to the new firm's money market fund. Then when it is completed successfully allocate it to the funds you ultimately want. Yes time out of market but at least when I was involved with asset transfers...