Search found 4766 matches

by Dandy
Wed Nov 22, 2017 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: one year to 70! File now or not? (low income late bloomer)
Replies: 4
Views: 845

Re: one year to 70! File now or not? (low income late bloomer)

You are so close and also say you might still work after getting SS because of boredom. If you can stand it --wait. You might not hate work so much when you are months away. I know that happened to me when my time was close to retirement. I had a "this too will pass" attitude -- because it soon will...
by Dandy
Wed Nov 22, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Is The Vanguard Balanced Index Fund All One Needs?
Replies: 52
Views: 11253

Re: Is The Vanguard Balanced Index Fund All One Needs?

Not a bad approach. I have Balanced Index and Wellesley Income in my TIRA to get the equity allocation close to what I want on a total nest egg basis. But I also have a lot of TIRA fixed income to bring the TIRA equity allocation just under 25%. While it is smart to keep Taxable heavy in equities an...
by Dandy
Wed Nov 22, 2017 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Is The Vanguard Balanced Index Fund All One Needs?
Replies: 52
Views: 11253

Re: Is The Vanguard Balanced Index Fund All One Needs?

For those who trust Vanguard "experts" what special training or research do they have that makes their decisions trusted vs the "experts" who run active funds? I don't conflate the admiration for Vanguard the company or noble intent with their expertise at deciding what funds to include or exclude, ...
by Dandy
Wed Nov 22, 2017 10:08 am
Forum: Investing - Help with Personal Investments
Topic: How do you define success in your life?
Replies: 46
Views: 1796

Re: How do you define success in your life?

1. Financially - did I do the best to provide for my family and our future? 2. Personally - did I basically get the most out of my abilities? 3. Morally - was I a good son, husband, father, boss, neighbor, citizen? When I look back do I have major regrets related to the above? What would those I int...
by Dandy
Tue Nov 21, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: where should I put my direct deposit?
Replies: 22
Views: 2055

Re: where should I put my direct deposit?

Alliant Credit Union has a checking account that pays .65% and a Savings Account that pays 1.16%. I automatically move $$ from checking to Savings each Friday put aside money for quarterly real estate taxes. I direct deposit to Alliant checking. If you find that your checking account needs more fund...
by Dandy
Tue Nov 21, 2017 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Are you your own worse enemy when it comes to investing?
Replies: 34
Views: 2219

Re: Are you your own worse enemy when it comes to investing?

There are always dangers ahead when thinking of investing. Sometimes it is hard to resist giving into those potential dangers. A portfolio of well diversified index/passive/low cost funds that fit your risk tolerance coupled with a reasonable rebalance plan should help you avoid being your worst ene...
by Dandy
Mon Nov 20, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: The valet smashed my Tesla into a brick wall!
Replies: 105
Views: 11286

Re: The valet smashed my Tesla into a brick wall!

Sorry for your loss. I like Musk and Tesla but the overemphasis on how quickly their cars can go and how quickly they can accelerate is kind of off putting to me. I could see how an inexperienced valet could either misjudge or want to get a thrill by seeing how quickly the car would get up to speed....
by Dandy
Mon Nov 20, 2017 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 13029

Re: Dave Ramsey says don't use credit cards, even if you pay them off

I'm sure there is truth to the idea that that using credit or debit cards you spend more. Even buying on time without interest charges would probably do the same thing. We are not very logical when it comes to spending and properly evaluating different modes of paying and its impact on how much we b...
by Dandy
Mon Nov 20, 2017 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Planning for the final months of work
Replies: 50
Views: 3512

Re: Planning for the final months of work

I'm not quite the worry wort that you say you are. But, I probably have more than enough and not at much risk. But, there are always potential financial worries to keep you from investing more aggressively or spending a bit more. It also can be hard to work hard for decades to build a very large nes...
by Dandy
Sun Nov 19, 2017 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 3012

Re: Confused about cash and retirement - isn't this really about market timing?

I don't think there will be general agreement on what is "cash". When I look at my fixed income I see it this way: 1. No loss of principal (if held to maturity) So, FDIC accounts (Savings, CDs, Money Market deposit accounts), EE bonds, Federal Money Market Fund retail money market, also products I d...
by Dandy
Sun Nov 19, 2017 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 3012

Re: Confused about cash and retirement - isn't this really about market timing?

But that's exactly the point. I don't need that cash to "perform" - the rest of my portfolio does the heavy lifting. +1 Retirees who "have enough" let's say can live on 2% or less yearly draw are in a different place. Their need to take risk is much less because the need for growth is less. Everyon...
by Dandy
Sun Nov 19, 2017 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services/Portfolio Review
Replies: 45
Views: 3293

Re: Vanguard Personal Advisor Services/Portfolio Review

Not a bad portfolio but as someone mentioned it is pretty close to one of the Life Strategy Funds so paying 30 bps might not be that necessary. Having "all" your equities in taxable and "all" your fixed income in tax sheltered can make many re balancing moves taxable events. It would be great if all...
by Dandy
Sat Nov 18, 2017 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Advice
Replies: 15
Views: 1827

Re: Retirement Advice

I would suggest going with him to a fee only financial adviser -- make sure he/she doesn't sell products. There is a lot to go over e.g. His income, current expenses, size and allocation of his portfolio, his current draw down dollars and percentage, his health insurance plan(s), risk tolerance, hom...
by Dandy
Sat Nov 18, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 91
Views: 4431

Re: Do you include the sale of your home as part of your retirement planning?

I have not. But I am toying with selling our house and either renting or buying into a retirement community in 3 or 4 years. If I do the latter I might have to add money to buy into the community. If I rent I will have a lot of money to invest. So, I don't count on it formally but it is becoming som...
by Dandy
Sat Nov 18, 2017 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 3012

Re: Confused about cash and retirement - isn't this really about market timing?

Let's agree that we can twist the "game" analogy into almost anything. True there are a lot of potential speed bumps in a retirement especially if it lasts for decades. The sea change for most is a combination of rapid loss of human capital, withdrawals to support living expenses instead of contribu...
by Dandy
Sat Nov 18, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Take Pension or Lump Sum payout?
Replies: 12
Views: 1110

Re: Take Pension or Lump Sum payout?

What a shame that state workers have to worry about the safety of their pensions. New world. I guess I'd still take the pension. My guess is even if the state down the road makes a decision it might be a reduction in pension, drop the COLA or offer a smaller lump sum. Of course a lot depends on your...
by Dandy
Sat Nov 18, 2017 9:14 am
Forum: Investing - Theory, News & General
Topic: Where did you first learn about investing?
Replies: 98
Views: 4746

Re: Where did you first learn about investing?

I had what many would think was a great background for investing. BA in Accounting, MBA in Finance, Ran several mutual fund call centers and processing areas, passed a Series 6 and 63 which created a license to sell and supervise mutual fund sales (my job called for neither). And what did this backg...
by Dandy
Sat Nov 18, 2017 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 3012

Re: Confused about cash and retirement - isn't this really about market timing?

I am retired and almost 70. I generally follow Dr. Bernstein's idea that if you have enough "stop" playing. I did all the things you cited in the accumulation stage but retirement can be more about asset preservation vs going for growth. Loss of human capital, withdrawals vs contributions, etc. for ...
by Dandy
Sat Nov 18, 2017 8:36 am
Forum: Investing - Help with Personal Investments
Topic: What to do with 360k for an old man
Replies: 30
Views: 2976

Re: What to do with 360k for an old man

I lean toward cash. I'd make sure he is getting the most out of his savings e.g. a good online bank will pay 1.25% or more and he could also put some in a short term CD paying 2% or so. Ally Bank has a no penalty CD paying 1.5%. Sometimes elders are in a brick bank paying almost nothing. Depending o...
by Dandy
Fri Nov 17, 2017 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off my house. Now how to handle insurance and tax payments?
Replies: 21
Views: 2027

Re: Paid off my house. Now how to handle insurance and tax payments?

I have done what to OP suggested for more than 40 years and it works like a charm. I now just automatically have $X moved from checking to savings each week. When the tax bill is do just move money from savings to checking. My credit union makes the move between accounts instantly.
by Dandy
Fri Nov 17, 2017 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation and SS Income
Replies: 8
Views: 1078

Re: Asset Allocation and SS Income

Keep income as income and bonds, stocks and savings accounts as part of your allocation. Having a pension and SS allows you to take more risk -- if you want. But, they aren't bonds. Keep things simple.
by Dandy
Fri Nov 17, 2017 7:20 am
Forum: Investing - Help with Personal Investments
Topic: Moving to fund-of-funds - any regrets/downsides?
Replies: 9
Views: 1191

Re: Moving to fund-of-funds - any regrets/downsides?

Sounds like you have a well reasoned plan. I'm not there yet but feel the lure to something like it. As you know it would be rare for a fund of funds or balanced fund to fit exactly what you want. As long as the compromise is reasonable so likely is the investment.
by Dandy
Thu Nov 16, 2017 10:28 am
Forum: Investing - Theory, News & General
Topic: Is treating all accounts as one bucket really simpler
Replies: 21
Views: 2702

Re: Is treating all accounts as one bucket really simpler

When you have a lot of different accounts e.g. 2 TIRAs, 2 Roths, 2 401ks and a Joint Taxable account it can get very complex no matter how you structure your investments especially when their are ongoing contributions and company matches to some. I tried to have at least an equity and fixed income o...
by Dandy
Thu Nov 16, 2017 10:12 am
Forum: Investing - Theory, News & General
Topic: Age in bonds, tax-sheltered options
Replies: 8
Views: 936

Re: Age in bonds, tax-sheltered options

My TIRA has a variety of fixed income products: 1. Brokerage CDs * 2. Short Term Bond Index Fund * 3. Short Term Investment Grade Fund * 4. Inflation Protected Securities Fund 5. Intermediate Treasury Fund ** 6. The intermediate bonds held by Balanced Index and Wellesley Income Funds * due to my com...
by Dandy
Tue Nov 14, 2017 8:43 am
Forum: Investing - Theory, News & General
Topic: Buffett 90/10 Portfolio vs Target Retirement
Replies: 29
Views: 3240

Re: Buffett 90/10 Portfolio vs Target Retirement

First of all I hope your 90/10 allocation has nothing to do with Bogle or Buffet. Buffet set up this allocation for his spouse who should never need financial concerns even if the equity portion dropped 70%. You pick the overall allocation based on your assets, expenses and risk tolerance. Second - ...
by Dandy
Mon Nov 13, 2017 11:59 am
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 7336

Re: GE and the myth of "safe blue-chip stocks"

At one time Blue Chips usually paid a higher dividend and could last for decades. Now current Blue Chips are likely to turn into Cow Chips in a much shorter time. The pace of and magnitude of change is so great that the concept of Blue Chip is basically gone.
by Dandy
Mon Nov 13, 2017 8:42 am
Forum: Investing - Help with Personal Investments
Topic: Bucket #2: Which Bond Funds Do You Recommend?
Replies: 7
Views: 1133

Re: Bucket #2: Which Bond Funds Do You Recommend?

I am not a fan of the 3 bucket idea mainly because of the complications of the movement and timing of the movements between buckets. It is mental accounting and mostly that is fine as long as you understand that. I use 2 portfolios: a "safe" portfolio (mostly FDIC products and short term bond funds)...
by Dandy
Sat Nov 11, 2017 3:50 pm
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 82
Views: 9695

Re: Retirees: I got this!!

A nice long bull market soon after retirement has certainly increased confidence that finances will last. But that can be misleading. The real factors for me are: 1. I will take SS at age 70 next year which will raise my income floor to about 85% or so of my current life style, 2, I am 70 vs 60 when...
by Dandy
Sat Nov 11, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Planning for a surviving spouse's income
Replies: 16
Views: 1657

Re: Planning for a surviving spouse's income

I am struggling a bit with the same issue. I also realized that the survivor will also probably pay higher taxes with filing single over 65 vs married filing jointly with both over 65, lower medical expense deductions? I am following Dr. Bernstein's idea of having enough "safe" products to fund curr...
by Dandy
Sat Nov 11, 2017 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation
Replies: 10
Views: 986

Re: Asset Allocation

While there are some important people who seen to advocate counting SS as a bond I think it is a big mistake. SS is a stream of income just like a pension, annuity and you could say even your salary. Having any income stream is a big deal especially in retirement. It causes you to have less reliance...
by Dandy
Fri Nov 10, 2017 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 338
Views: 36390

Re: Did you tell anyone you paid off your mortgage?

I consider most financial matters private. I don't ask other people about their finances. I don't know what positive outcomes would occur and can think of several negative ones e.g. envy, people think I am bragging, people feeling bad because they aren't in as good shape, etc. I also never discussed...
by Dandy
Wed Nov 08, 2017 7:32 am
Forum: Investing - Help with Personal Investments
Topic: Vangaurd Target Date retirement allocation too aggressive?
Replies: 20
Views: 1655

Re: Vangaurd Target Date retirement allocation too aggressive?

How aggressive you invest should have mostly been the result of your risk tolerance. Risk tolerance is often very hard to assess and often get clarified after a significant market loss. Some of that relates to the dollar amount lost e.g. it hurts more when the dollar amount is larger (and also the o...
by Dandy
Wed Nov 08, 2017 7:21 am
Forum: Investing - Help with Personal Investments
Topic: Annuity for winning the game
Replies: 39
Views: 3436

Re: Annuity for winning the game

I think having annuity income makes sense. I know having 2 pensions and SS as an income floor takes a lot of financial concerns off the table for me. You might want to look at a QLAC annuity as part of the decision. I'm not familiar with all the rules but you basically give a smaller amount to the i...
by Dandy
Mon Nov 06, 2017 8:18 am
Forum: Investing - Theory, News & General
Topic: Did Vanguard change from 20% to 30% stock in TD retirement income fund?
Replies: 19
Views: 2193

Re: Did Vanguard change from 20% to 30% stock in TD retirement income fund?

If you acknowledge replacing Prime with a more "risky" investment due to the world changing, you have to view increasing equity percentages the same way. Not true for me. Prime money market was radically changed by the new laws and was yielding .01% it had been radically changed. VG had no other fu...
by Dandy
Sun Nov 05, 2017 7:19 pm
Forum: Investing - Theory, News & General
Topic: Did Vanguard change from 20% to 30% stock in TD retirement income fund?
Replies: 19
Views: 2193

Re: Did Vanguard change from 20% to 30% stock in TD retirement income fund?

But you're kind of saying that when you think a change is "good" it's okay, but when you think it's not VG should come up with a new fund. Change is always happening in VG funds, including index funds. Look at the REIT index (for us sub-institutional investors) this year, or emerging markets, when ...
by Dandy
Sun Nov 05, 2017 10:35 am
Forum: Investing - Help with Personal Investments
Topic: I came up with a Bond plan.....Good or Bad...you decide
Replies: 19
Views: 1749

Re: I came up with a Bond plan.....Good or Bad...you decide

Another very important thing to understand is that bonds are primarily for safety--not return. Use stocks for higher return. Higher return nearly always reflects higher risk. There is only one "free lunch" in bonds: Diversification . . Total bond is an excellent fund. But if you are focusing on saf...
by Dandy
Sun Nov 05, 2017 9:12 am
Forum: Investing - Help with Personal Investments
Topic: How many funds do I need?
Replies: 21
Views: 1559

Re: How many funds do I need?

1. Total US stock Market 2. Total International Stock Market 3. Total US bond Market 4. a TIPS Fund? 5. a Muni Fund? 6. a Money Market Fund 7. Other fixed income not included in funds - e.g. CDs, Savings Accounts, I Bonds, EE Bonds 8. Stable Value Fund if offered by your employer plan 9. Internation...
by Dandy
Sun Nov 05, 2017 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Best savings account (or fund) for my emergency account?
Replies: 11
Views: 778

Re: Best savings account (or fund) for my emergency account?

The Discover deal seems to be attractive of course with any bank or credit union the details are important. I have used Discover bank for years and never had an issue. You can look on depositaccounts.com for almost everything you need to know about banks, bank deals, ratings etc.
by Dandy
Sun Nov 05, 2017 7:38 am
Forum: Investing - Theory, News & General
Topic: Did Vanguard change from 20% to 30% stock in TD retirement income fund?
Replies: 19
Views: 2193

Re: Did Vanguard change from 20% to 30% stock in TD retirement income fund?

I wonder how many other investors who bought TD of Life Strategy Funds know what they have now? They may have thought they bought a set allocation that met their needs so they could essentially set it and forget it. What they have is a form of "active" management by Vanguard "experts". I wonder if m...
by Dandy
Sat Nov 04, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: I came up with a Bond plan.....Good or Bad...you decide
Replies: 19
Views: 1749

Re: I came up with a Bond plan.....Good or Bad...you decide

First I always suggest think in terms of fixed income vs only typical bonds/bond funds. There are CDs, Savings, EE bonds, I bonds, Stable Value funds, TIPS. I own both short term bond funds you mentioned almost equally. For intermediate bond funds either one is good. If you really want to limit nomi...
by Dandy
Sat Nov 04, 2017 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Help me get back into the market
Replies: 31
Views: 5047

Re: Help me get back into the market

I like a combination of some lump sum -- say 25% and then automatic monthly DCA investing for a year or so for the rest. Also, when the market drops a decent amount double up the DCA that month. 1. gets you off the sidelines 2. automates most or all of your future investments 3. when you double up i...
by Dandy
Fri Nov 03, 2017 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: How has your AA philosophy changed over the years?
Replies: 45
Views: 3677

Re: How has your AA philosophy changed over the years?

Twice In 2008 I was forced to retire and then saw my moderate portfolio allocation suffer the largest losses in my career. I had not taken into account retiring that early. That taught me that my moderate allocation which had served me well was a bit riskier near retirement than I had thought. I cha...
by Dandy
Fri Nov 03, 2017 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: TIPs Investment
Replies: 14
Views: 1006

Re: TIPs Investment

Trying to make sure you are securely funding retirement for you and spouse is worse than an algebra problem trying to solve for 3 unknowns. :oops: Your personal expense growth may not match very well with inflation captured by TIPS, you don't know how long you or your spouse will live, how much assi...
by Dandy
Thu Nov 02, 2017 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Does Retirement Make You Lazier?
Replies: 87
Views: 7594

Re: Does Retirement Make You Lazier?

It can. I find myself rising later, lingering over a coffee while I peruse the news. Chores seem more chore-like than they used to. My kids and grandkids tend to need a helping hand on occasion and unfortunately doctor visits tend to fill up the calendar too much. It takes awhile but you can easily ...
by Dandy
Thu Nov 02, 2017 5:47 pm
Forum: Investing - Theory, News & General
Topic: Regret of selling winning stocks early
Replies: 64
Views: 8571

Re: Regret of selling winning stocks early

I worked for a stock company who had their shares rise to 120 do a 2 for 1 split rose to about 120 again and then in the 2008 crisis drop to 8 and only a rescue from a Japanese bank helped it survive. Lots on longer term employees saw their nice retirement plan go out the window as they followed the...
by Dandy
Thu Nov 02, 2017 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Turning Off Online Access AKA "Don't Peek"
Replies: 9
Views: 720

Re: Turning Off Online Access AKA "Don't Peek"

like Mr. Bogle recommends and remove the ability to peak (or to be hacked)? Thoughts While a noble intent one of the few really bad ideas from Saint Jack. The nobility is preventing you from hasty/panic moves out of equities and sitting on the sidelines while equities rebound. The ability to peek i...
by Dandy
Thu Nov 02, 2017 8:00 am
Forum: Personal Finance (Not Investing)
Topic: New Car: Ever make sense to lease?
Replies: 84
Views: 5487

Re: New Car: Ever make sense to lease?

I have never leased a car and don't expect to. I think from a financial standpoint it would be rare for it to be a good thing. It is hard enough to buy a car for a good price when you have to negotiate the purchase price and maybe the trade in price and any finance terms - even when you do good rese...
by Dandy
Tue Oct 31, 2017 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Best to harvest Dividends to meet living expenses
Replies: 23
Views: 2139

Re: Best to harvest Dividends to meet living expenses

If you need dividends to support retirement lifestyle - why not? I, like many others put the bulk of my equities in my taxable account. I really don't want taxable equities to increase, rather do any rebalancing in my TIRA. There will be pressure for equites to rise as my RMDs deplete fixed income h...
by Dandy
Mon Oct 30, 2017 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Hit 2 comma milestone in portfolio thinking of increasing bonds drastically
Replies: 23
Views: 2615

Re: Hit 2 comma milestone in portfolio thinking of increasing bonds drastically

Additionally, I don’t want to change anything in response to high valuations since that doesn’t seem to work except at the extremes . Have you defined "extreme"? equities being at an historic high might qualify?? There are conflicting sage advice "stay the course" and "buy when there is blood in th...
by Dandy
Sun Oct 29, 2017 3:53 pm
Forum: Investing - Theory, News & General
Topic: What strategies do you use to manage risk in your portfolio?
Replies: 21
Views: 1246

Re: What strategies do you use to manage risk in your portfolio?

1. Waiting until age 70 to collect SS (next year). Increase in income floor means I can take less risk in my investments 2. Have moderate allocation to equities now 43% high was 55%. 3. Have a variety of "safe" fixed income - CD ladder, short term bond funds, FDIC Savings/Money Mkt. as well as inter...