Search found 4922 matches

by Dandy
Fri Feb 16, 2018 9:59 am
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 119
Views: 9571

Re: Retirees: The common sense withdrawal method

I am very lucky to be in great financial shape with a high income floor and asset level. So it is easy for me to think a withdrawal approach is relatively easy. For the most part I can take what I need without excessive impact on my finances. I think those who aren't as lucky face daunting choices a...
by Dandy
Tue Feb 13, 2018 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Obligation to use car insurance proceeds?
Replies: 22
Views: 1571

Re: Obligation to use car insurance proceeds?

To me you have incurred the loss - the value of your car is now likely less. You can choose to repair or use the cash for other purposes. I have had some repairs fixed and others, when the car was old, just spent the check on other things.
by Dandy
Tue Feb 13, 2018 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest funds from home sale?
Replies: 17
Views: 1044

Re: Where to invest funds from home sale?

I would put it into an online Bank/CU such as Ally Bank. Split between Savings and several shorter term CDs. Tie that bank to whatever she/you currently use to pay her bills. No need to take much risk also easy for her to understand. If you are up for rate shopping check depositaccounts.com.
by Dandy
Tue Feb 13, 2018 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Gut check: is this lifestyle creep?
Replies: 37
Views: 5431

Re: Gut check: is this lifestyle creep?

Be easy on "rules". It is a very good idea to save a portion of your salary increase or bonus. But, 50% is just a nice, challenging percentage. If you are doing other things well e.g. living below your means, saving hopefully double digits or more for retirement, staying out of most debt, etc. are m...
by Dandy
Wed Feb 07, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: 7/1 year ARM loan and additional monthly payments
Replies: 17
Views: 1009

Re: 7/1 year ARM loan and additional monthly payments

As I recall during that time and/or just after mortgages were extremely hard to get and many of us were afraid of losing our jobs (I did). So the housing market was in such a state with fewer buyers that could afford a mortgage and and if they did their were fewer loans being granted. Houses are not...
by Dandy
Wed Feb 07, 2018 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: 7/1 year ARM loan and additional monthly payments
Replies: 17
Views: 1009

Re: 7/1 year ARM loan and additional monthly payments

so I think that cap is 8.125% I don't a see a lifetime cap mentioned. Maybe you should confirm what the cap is and/or if there is a lifetime cap. With banks or other lenders I would make sure not to guess or assume. And I'm make sure it is in writing not just from some telephone rep. You don't want...
by Dandy
Wed Feb 07, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: 7/1 year ARM loan and additional monthly payments
Replies: 17
Views: 1009

Re: 7/1 year ARM loan and additional monthly payments

As I recall during the 2008 - 09 crisis many people couldn't sell their home. Some of those with an adjustable rate mortgage had planned to sell before the adjustments and instead we stuck in their house and trying to handle an increasingly impossible mortgage rate increase. If you know you want to ...
by Dandy
Wed Feb 07, 2018 8:47 am
Forum: Investing - Theory, News & General
Topic: Keep your eye on the owner, not the dog
Replies: 31
Views: 4762

Re: Keep your eye on the owner, not the dog

Great analogy and like most not perfect. I believe the Japanese owner is lost in Central Park. :happy
by Dandy
Tue Feb 06, 2018 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Newly widowed mother-in-law asset allocation
Replies: 17
Views: 1221

Re: Newly widowed mother-in-law asset allocation

I assume these are individual funds in Fidelity. If so, are you going to manage them for her? That could be a lot of work if you are rebalancing etc. Maybe, as others have suggested something simple and something your mother in law can understand. A lot depends on her investment savvy and interest. ...
by Dandy
Tue Feb 06, 2018 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Retired or close to it -- what do you hold in bond portion?
Replies: 41
Views: 3978

Re: Retired or close to it -- what do you hold in bond portion?

I am 70, retired with "enough" and overall 43/57 allocation (at least that was the case last week!). I categorize my fixed income into 3 parts: 1. Safe principal e.g. FDIC products, EE bonds, Money Markets - a bit less than 1/3 of my fixed income 2. Short Term Bond funds - about 1/3 of my fixed inco...
by Dandy
Mon Feb 05, 2018 7:12 am
Forum: Investing - Help with Personal Investments
Topic: I've never rebalanced - Can I do ok without it?
Replies: 35
Views: 4184

Re: I've never rebalanced - Can I do ok without it?

The assumption is that you want to keep roughly the same percentage allocation to equities and fixed income including any sub allocations to each. Since, over time, equities outperform fixed income by a wide margin if you don't rebalance or adjust your contributions/withdrawals, your equity allocati...
by Dandy
Sun Feb 04, 2018 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Retired at 50. Staying 100% in stock Index Funds. Anyone else?
Replies: 153
Views: 13538

Re: Retired at 50. Staying 100% in stock Index Funds. Anyone else?

You are in great shape. What is your investment goal? Since you don't have heirs and your pension covers your expenses what will you do with your investments? Vacations? vacation home? charity? private island? You have maybe 35 or more of retirement so you can't totally spike the ball, but you shoul...
by Dandy
Sat Feb 03, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Disney visit
Replies: 28
Views: 3458

Re: Disney visit

I'm pretty frugal now and was much more frugal when my kids were young -- early 80's?. At that time I sprung for staying in the park for the following reasons: 1. I know that leaving the park to go back to the off site hotel would be a hassle. I would not want to return at night. 2. It is often very...
by Dandy
Sat Feb 03, 2018 9:51 am
Forum: Investing - Theory, News & General
Topic: Blood in the water- buying?
Replies: 117
Views: 15924

Re: Blood in the water- buying?

Every once in awhile there are some really bad days in the market and that will tempt me to rebalance earlier than planned. I believe the last time was when BREXIT passed and the market seemed to overreact. I have a pretty tight equity allocation band 40-43% so as long as I don't push equities above...
by Dandy
Sat Feb 03, 2018 9:00 am
Forum: Investing - Help with Personal Investments
Topic: John Bogle and Japanese Stock market.
Replies: 33
Views: 3022

Re: John Bogle and Japanese Stock market.

I think Bogle and Buffet see many advantages that the US has and have been influence greatly by how the US equities have performed for most of the decades they have lived. It was pretty easy to be an economic power after WWII. Europe and a lot of Asia were in tatters. The US has managed to maintain ...
by Dandy
Fri Feb 02, 2018 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple bank accounts - am I crazy?
Replies: 46
Views: 3484

Re: Multiple bank accounts - am I crazy?

5 is a bit much. The key is that you are getting valued service or products from each. I think having more than one is a good idea. Banks often change there fees/minimums/rates etc. especially on checking. Having some alternative already in place makes changing banks easier. That is the reason I hav...
by Dandy
Fri Feb 02, 2018 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: What's your cash position
Replies: 77
Views: 5878

Re: What's your cash position

Retired and in good shape financially - about 6-7% in cash as defined (savings, checking, money market). While there are many who keep little cash and stay very much invested - the attractiveness of cash for many others will likely pick up. Rates are finally starting to rise and the fantastic equity...
by Dandy
Fri Feb 02, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Emergency Money
Replies: 25
Views: 2540

Re: Emergency Money

A lot depends on so many factors. 1. How much debt do you have? big mortgage or mortgage free? 2. How many dependents do you have? wife and 3 kids or single? 3. How secure is your job? 4. How large is your savings/investments? 5. Does you spouse work? 6. Rent or own? If you own how old is your roof,...
by Dandy
Thu Feb 01, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: Is changing AA considered market timing?
Replies: 37
Views: 1493

Re: Is changing AA considered market timing?

It is market timing but that doesn't mean it shouldn't be done. Maybe you are realizing your allocation is too risky for you. Not many people recommend a 90/10 allocation most would say 80% tops unless you are maybe 20 years old. If you haven't experience a major decline like in 2000 or 2008-9 then ...
by Dandy
Thu Feb 01, 2018 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Help with allocation for mother in law
Replies: 11
Views: 443

Re: Help with allocation for mother in law

I don't like your portfolio - too risky. You are doing what you would do - that isn't necessarily the best for her. Also you need to be very careful with investment management of relative's accounts. That often ends messy especially if the relative is not investment wise. The equity markets are near...
by Dandy
Thu Feb 01, 2018 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Why do many bogleheads feel they can time the housing market but can't time the stock market?
Replies: 63
Views: 4595

Re: Why do many bogleheads feel they can time the housing market but can't time the stock market?

Just because there is a market doesn't mean it is efficient. The stock market has millions of players and almost instant information on trades and things that affect stock values. I doubt the local housing market has that type of efficiency. For the most part houses are different e.g. lot size, numb...
by Dandy
Wed Jan 31, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy - Is it worth it.
Replies: 43
Views: 2947

Re: Umbrella Policy - Is it worth it.

Most insurance seems a bad choice - until you have a claim. I insured my house but in 43 years I had one claim for $400. I could have saved tens of thousands? but lost hundreds of thousands if my house was destroyed by fire. You have millions to protect and a car accident that was your fault and kil...
by Dandy
Tue Jan 30, 2018 8:33 am
Forum: Investing - Help with Personal Investments
Topic: Does fund size matter? [UK]
Replies: 8
Views: 612

Re: Does fund size matter? [UK]

Not familiar with these funds. In general a lot depends on the scope of what the fund invests in. e.g. a fund the confines itself to small stocks in a single country would have more of an issue with large size than one that invests in small stocks globally. The other factor can be whether the fund i...
by Dandy
Tue Jan 30, 2018 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Don't market time...i know, i know.
Replies: 34
Views: 4515

Re: Don't market time...i know, i know.

a few years before retirement and most likely a rapid decline in human capital aka earning power. And you have "enough". I think near or early in retirement is a critical time to assess your allocation - especially if you have enough. In the accumulation phase, with lots of human capital the goal is...
by Dandy
Sun Jan 28, 2018 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: The biggest problem in retirement is spending (not)
Replies: 118
Views: 10255

Re: The biggest problem in retirement is spending (not)

Factors I have observed in not spending "enough" 1. Years of being frugal and living below our means. Hard to ramp up spending a lot with such a long history of not doing so. Working on it - bought a better car, gifting more, extra vacation in the winter, etc. 2. Concern about expenses growing later...
by Dandy
Sun Jan 28, 2018 11:22 am
Forum: Investing - Theory, News & General
Topic: increasing stock allocation in retirement
Replies: 16
Views: 880

Re: increasing stock allocation in retirement

keep in mind that the "normal" suggestion for allocations on this forum is to have your TIRA all or heavily invested in fixed income and your taxable account heavily invested in equities. In retirement and especially when RMDs are taken, the fixed income heavy TIRA will be shrinking over time and th...
by Dandy
Sun Jan 28, 2018 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Muni bond risk? Need advice on bond allocation
Replies: 3
Views: 286

Re: Muni bond risk? Need advice on bond allocation

I think the information that I hear is that despite almost universal state fiscal woes somehow they always have in the past manged, with few exceptions, to meet their muni bond obligations. The other message is that the risk is already built into the price/performance of the muni bonds. I don't find...
by Dandy
Sun Jan 28, 2018 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Investment thought loops have been destroying me
Replies: 31
Views: 1331

Re: Investment thought loops have been destroying me

Your condition may require professional help to find a path out of obsessing. You know you have a problem and it is affecting your happiness and you can't stop -- that means you need help or you will be wasting a lot of your most healthy productive years in turmoil vs happiness. The fact that you ar...
by Dandy
Sat Jan 27, 2018 8:24 am
Forum: Investing - Theory, News & General
Topic: What to do with cash now
Replies: 27
Views: 3516

Re: What to do with cash now

I believe I saw that some equity funds are up more than 7% in January -- and there are a few more days left. Could it go a lot higher -- sure. So do bubbles until they burst. I would try to have equity exposure on the low side of your accepted range and enjoy a bit more cash as part of your fixed in...
by Dandy
Sat Jan 27, 2018 7:57 am
Forum: Investing - Theory, News & General
Topic: Age-based allocation when you don't need the money?
Replies: 22
Views: 1722

Re: Age-based allocation when you don't need the money?

You have more than enough income. So what is your goal for your nest egg? Money for heirs? charity? vacation home? private island? If you don't have a goal - maybe that is step #1.
by Dandy
Sat Jan 27, 2018 7:47 am
Forum: Investing - Help with Personal Investments
Topic: Buying bonds and holding to maturity through IRA accounts
Replies: 7
Views: 584

Re: Buying bonds and holding to maturity through IRA accounts

Why not consider brokerage CDs/CD ladder? Vanguard has some at competitive yields, no risk of default but plan to hold them to maturity since selling them could be an issue and/or a loss. I have about 16% of my TIRA in brokerage CDs - also have bond funds. If you decide to go that route make sure yo...
by Dandy
Sat Jan 27, 2018 7:23 am
Forum: Investing - Help with Personal Investments
Topic: Cash heavy portfolio
Replies: 28
Views: 2538

Re: Cash heavy portfolio

I think putting some money in a conservative balanced or all in one fund is where you need to be. Wellesley Income fund, Retirement Income Fund, even LIfe Strategy Income fund might be considered. They have equity exposure of from 20 to say 35% equities. What you get is that for these assets is you ...
by Dandy
Fri Jan 26, 2018 2:43 pm
Forum: Investing - Theory, News & General
Topic: Kitces article: A cash bucket in retirement? Nope
Replies: 150
Views: 11882

Re: Kitces article: A cash bucket in retirement? Nope

People who take the idea to mean to set aside a bunch of bonds and cash and then think of those assets as being special are probably just fooling themselves. Well in the end you only have one portfolio no matter how you slice it. But most recognize that emergency funds which are usually cash-like o...
by Dandy
Fri Jan 26, 2018 8:24 am
Forum: Investing - Theory, News & General
Topic: Asset Allocation in Early Retirement--a different Perspective
Replies: 18
Views: 2670

Re: Asset Allocation in Early Retirement--a different Perspective

I was involved in that post and rather than endorse that concept I thought it was somewhat flawed. It related to a retiree who needed the 500k and now had lost the original 1 million and now had $450k in bonds and $50k in equities. My question related to reblancing. Did the investor fully rebalance ...
by Dandy
Fri Jan 26, 2018 7:46 am
Forum: Investing - Help with Personal Investments
Topic: I am adjusting my portfolio, can I get sanity check, please?
Replies: 9
Views: 952

Re: I am adjusting my portfolio, can I get sanity check, please?

I am a conservative investor who has been retired for 10 years. I think it is wise to dial back risk a bit as you get close to retirement age or your "number". This seems especially wise given we are in the midst of a great bull market and you intend to keep on working once you reach your "number". ...
by Dandy
Thu Jan 25, 2018 11:09 am
Forum: Investing - Theory, News & General
Topic: Kitces article: A cash bucket in retirement? Nope
Replies: 150
Views: 11882

Re: Kitces article: A cash bucket in retirement? Nope

I think differently about that. Since bond funds don't ever drop more than say 10% or so and equity funds don't drop more than about 50% without you noticing, then the money I absolutely cannot afford to lose is kept in the 90% part of my bond funds and the 50% part of my equity funds. During this ...
by Dandy
Thu Jan 25, 2018 8:39 am
Forum: Investing - Theory, News & General
Topic: In what ways could BogleHeads be badly wrong ?
Replies: 237
Views: 20582

Re: In what ways could BogleHeads be badly wrong ?

I think becoming too dogmatic in the philosophy could be problematic. 1. Stay the course - wise almost always - sometimes could be a major issue. Even Mr. Bogle said there are times when the market is extremely overheated that a major adjustment to equity allocation is warranted. Something like redu...
by Dandy
Wed Jan 24, 2018 1:18 pm
Forum: Investing - Theory, News & General
Topic: Kitces article: A cash bucket in retirement? Nope
Replies: 150
Views: 11882

Re: Kitces article: A cash bucket in retirement? Nope

I'm the odd person out, I guess. No you aren't the odd person out you just have a different investment/risk taking approach than some others. Some are more focused on growth and more trusting that the past is a pretty good guide as to what is likely to happen. Others, especially who have no great n...
by Dandy
Tue Jan 23, 2018 11:17 am
Forum: Investing - Theory, News & General
Topic: Kitces article: A cash bucket in retirement? Nope
Replies: 150
Views: 11882

Re: Kitces article: A cash bucket in retirement? Nope

Cash" like "risk" is possibly a word that should be banned from the Forum in favor of being specific regarding what one is talking about. part of the problem with these discussions is that there is no commonly accepted definition of cash so it becomes a less productive discussion since people aren'...
by Dandy
Tue Jan 23, 2018 10:06 am
Forum: Investing - Theory, News & General
Topic: Kitces article: A cash bucket in retirement? Nope
Replies: 150
Views: 11882

Re: Kitces article: A cash bucket in retirement? Nope

So why is it a big deal for some folks? I just don't know. Seems like it is for you? I just made a simple comparison - didn't talk of lopping off arms etc.which might qualify as a big deal since most can have is two. I guess scratch vs a temporary hit makes a big difference to you. I thought "tempo...
by Dandy
Tue Jan 23, 2018 8:47 am
Forum: Investing - Theory, News & General
Topic: Kitces article: A cash bucket in retirement? Nope
Replies: 150
Views: 11882

Re: Kitces article: A cash bucket in retirement? Nope

Poor cash, so unloved by many. I feel cash and cash-like products have a niche for many if not most. Let's confine cash to Money Market Funds/deposit accounts, FDIC savings and CDs, and Stable Value Funds. When interest rates rise all but brokerage CDs hold their value vs say short term bonds that t...
by Dandy
Mon Jan 22, 2018 6:07 am
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 108
Views: 24031

Re: Vanguard opens special offices for $1 million clients

Makes sense to have some ability for high net worth clients to have the option to have a face to face. Just because a client has a lot of money doesn't mean they have a clue about investing. Some may need or only feel comfortable with a live person vs a voice on the phone when they are dealing with ...
by Dandy
Sun Jan 21, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Anyone at Goldman Sachs/Marcus bank 1.5%?
Replies: 27
Views: 2873

Re: Anyone at Goldman Sachs/Marcus bank 1.5%?

Nothing against Marcus bank. But I would go to depositaccounts.com and read reviews of any bank or credit union. Often banks have subtle gotchas e.g. long holding periods, transfer amount limitations, really bad customer service, etc. One credit union I use had a negative review of their checking ac...
by Dandy
Sun Jan 21, 2018 9:19 am
Forum: Investing - Theory, News & General
Topic: Fear of dying with too much money?
Replies: 137
Views: 8309

Re: Fear of dying with too much money?

I think we wouldn't be having this conversation if we weren't in the midst of a very long bull market. That subtly leaves you with the idea that your nest egg balance is a bit more secure than it likely is. The point is valid though of trying not to be so habitually frugal that you die with massive ...
by Dandy
Fri Jan 19, 2018 5:14 pm
Forum: Investing - Theory, News & General
Topic: Amazing how much your IPS can de-stress your life
Replies: 29
Views: 4069

Re: Amazing how much your IPS can de-stress your life

I think making an IPS when you and the market are calm is a very good idea. I think in retirement when most if not all of human capital is gone and you have a healthy withdrawal and only a modest income floor a market plunge may not be easy to handle despite the IPS. Living in that personal and mark...
by Dandy
Fri Jan 19, 2018 3:03 pm
Forum: Investing - Theory, News & General
Topic: 10 years expenses in FI
Replies: 49
Views: 4938

Re: 10 years expenses in FI

I think the sleep well factor is important, but not the only factor to be considered for retirement investing. The usual loss of human capital coupled with withdrawals lends itself to having asset preservation gain more importance than growth for many. Having a portion of a retirees investments in p...
by Dandy
Fri Jan 19, 2018 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14360

Re: Stats on When People Take Social Security

1. 2008 age 60 lost job but had a modest pension and retiree health insurance 2. Waited until age 65 to collect max additional small pension 3. Wife took SS at age 62 (low wage earner) 4. My age 66 took spousal on wife's SS 5. 2018 will take full SS at age 70 in March Goal was to maximize retirement...
by Dandy
Thu Jan 18, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: 10 years expenses in FI
Replies: 49
Views: 4938

Re: 10 years expenses in FI

I'm not a fan of the excess being 100% equities for most people --I think people are getting a bit giddy with a long bull run and a great start to 2018. For most I think retirement should shift the investment goal a bit toward asset preservation vs growth. If you go down that 100% equity route I wou...
by Dandy
Thu Jan 18, 2018 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help for Retiree
Replies: 9
Views: 820

Re: Portfolio Help for Retiree

One thing to consider is an immediate annuity if not now maybe later for a portion of your investments. You seem to have "enough" and a bit more. Dr. Wm Bernstein suggests those in that position put 20-25 years of their yearly draw down dollars in "safe" products and invest the rest anyway they want...
by Dandy
Tue Jan 16, 2018 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Got raise. Taxes taking 41% of it?
Replies: 30
Views: 3993

Re: Got raise. Taxes taking 41% of it?

I know it doesn't feel like at this time but Medicare and SS taxes are "investments/savings/benefits" for your future. Hopefully, they will be there for you like they are and will be for me and my spouse. I am retired and will begin to collect SS at age 70 in March. It is almost equal to my pension ...