Search found 5052 matches

by Dandy
Tue May 22, 2018 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: How do you stop moving the goal posts.
Replies: 62
Views: 4319

Re: How do you stop moving the goal posts.

Oh been there done that and still doing that but to a lesser extent. Retired in 2008 so the bull market and pension helped me not see the "number" shrink but actually grow -- until this year. Still a faint hope to see balance exceed prior high water mark but not a real focus now. I am focusing on ge...
by Dandy
Sun May 20, 2018 8:13 pm
Forum: Investing - Theory, News & General
Topic: Retirement and Bond Allocation
Replies: 3
Views: 683

Re: Retirement and Bond Allocation

I think historically having at least 20% in fixed income might have outperformed 100% equities over a decent time frame. Of course there has been a 30 year bond bull market which will be hard to duplicate anytime soon. I agree that 20% fixed income allocation or so doesn't offer much comfort when th...
by Dandy
Sun May 20, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 95
Views: 6612

Re: Helping Adult Children (but not too much)

Recognizing my deficit on my own and getting to where I am now is a source of pride for me.
And well it should that is an extremely difficult thing to do. Congrats!!
by Dandy
Sun May 20, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 95
Views: 6612

Re: Helping Adult Children (but not too much)

The worse that could happen -- they become reliant on you and use your financial resources as a crutch. Or they are not facing some challenges in life (like modest savings for retirement) that could make them better persons . A lot depends on the age, maturity and actions of the children. It they h...
by Dandy
Sun May 20, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 95
Views: 6612

Re: Helping Adult Children (but not too much)

My post college job provided health insurance, dental insurance, an investment plan with a company match before there was a 401k and a pension (that I still collect). When I added a family they were covered with a nominal rate increase. They also provided raises to all that were in good standing--ye...
by Dandy
Sat May 19, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 95
Views: 6612

Re: Helping Adult Children (but not too much)

Parents who do help their kids out, what are your thoughts on parents who don’t help their kids? When I say help, I mean things like college, home, grandkids college, etc. If they can afford to and don't I feel that most are trying to help their children by trying to make sure that they can get alo...
by Dandy
Sat May 19, 2018 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 95
Views: 6612

Re: Helping Adult Children (but not too much)

My parents told me spoiling kids can have negative effects that ripple through generations. I'm sure there is some truth in that. A lot depends on what people call spoiling. That can range minimal support to paying for almost everything. I think we all have experience the disgust at overly spoiled ...
by Dandy
Sat May 19, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 95
Views: 6612

Re: Helping Adult Children (but not too much)

There is no right way --each parent must look at their parenting philosophy, their children's personality, work ethic and needs, their own needs and try to make good decisions. So I'm not suggesting any approach is right -- as they say "it depends" For those who expect they might leave a decent inhe...
by Dandy
Sat May 19, 2018 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 95
Views: 6612

Re: Helping Adult Children (but not too much)

my 2 daughters are in their mid 30's and 40 married and the older one has 2 young children. We all live in a high cost of living area. Daughters and their spouses both work and are saving/investing and managing money wisely. My wife and I are 69/70 and are in very good financial shape aided with my ...
by Dandy
Sat May 19, 2018 6:27 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: No Need For Corp Bonds?
Replies: 38
Views: 3623

Re: Larry Swedroe: No Need For Corp Bonds?

Interesting discussion. I don't have the technical bond information and analysis skills that many posters have. I think that fixed income allocation often gets people confused e.g. they may mentally target their fixed income for stability/safety but then rue the low returns that safer fixed income p...
by Dandy
Fri May 18, 2018 7:25 am
Forum: Investing - Help with Personal Investments
Topic: Cash instead of bonds for 3-fund
Replies: 22
Views: 2000

Re: Cash instead of bonds for 3-fund

I like a bit of diversification in my fixed income allocation. I think cash/cash-like products have a role in most allocations especially as one nears or is in retirement. I am also less interested in simplicity in fixed income - it really isn't that complex if you don't get too focused on rebalanci...
by Dandy
Wed May 16, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Would you send your children to private school in my situation?
Replies: 93
Views: 5956

Re: Would you send your children to private school in my situation?

If the school systems were reasonable close I would opt for public vs private unless my child needed some extra individual attention. I liked having my kids learn to mix (or not) with a wide variety of other children as they might have to do in their adult life with neighbors, coworkers, etc. I thin...
by Dandy
Sun May 13, 2018 8:40 am
Forum: Investing - Theory, News & General
Topic: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality
Replies: 72
Views: 7921

Re: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality

I really like Taylor Larimore's method described in this thread. Simple and effective. All you have to do is go back in time to 1982. :oops: You can then book a 30 year? bull market in bonds and a fantastic growth in equities. I do like the idea of trying to keep the assets you need at minimum risk...
by Dandy
Sun May 13, 2018 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Financial Income rates between Ally and Vanguard
Replies: 9
Views: 1090

Re: Financial Income rates between Ally and Vanguard

I would not put all my fixed income money in Prime since, in extreme conditions, it can restrict withdrawals and/or charge fees. That isn't the case for VG Federal Money Market or a bank Savings or Money Market Deposit account -- note: that in many cases certain withdrawals are limited to 6 per mont...
by Dandy
Sun May 13, 2018 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Semi-windfall for a long-time Boglehead
Replies: 23
Views: 2965

Re: Semi-windfall for a long-time Boglehead

Sounds as if you have or will have more than enough to exceed your retirement asset goal. I am from the school of thought that if you have more then enough you should follow Dr. Bernstein's idea of putting 20-25 years worth of draw down dollars in "safe" products and invest the rest anyway you want-...
by Dandy
Sat May 12, 2018 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Is Whole Life Insurance Worth It?
Replies: 54
Views: 3858

Re: Is Whole Life Insurance Worth It?

You will need some life insurance if/when you have children and if your spouse doesn't have the earning power to support his/her self in a life style that is acceptable. Term insurance is the best way to cover these needs since they usually diminish as you age and any children go out on their own an...
by Dandy
Tue May 08, 2018 7:12 am
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund Investment Plan
Replies: 24
Views: 2411

Re: Emergency Fund Investment Plan

$9,000 - Wells Fargo Savings account (0.01% interest, immediately accessible) $5,400 - Ally Bank Account (1.5% interest, accessible within a couple days, after first batch of bonds are 1 year old then move this into I-Bonds as well) $18,000 - I-Bonds (2.52% interest, accessible within a week) $39,6...
by Dandy
Mon May 07, 2018 5:12 pm
Forum: Investing - Theory, News & General
Topic: Brokered CD ladder 2 or 3 year?
Replies: 3
Views: 566

Re: Brokered CD ladder 2 or 3 year?

This is market timing, albeit a very innocent cute kind. Ok not the normal market timing finger wag. But with the FED policy is to raise interest rates 2 or 3 more times this year. So it isn't very much like guessing that the equity market might drop because valuations are high. The odds are very g...
by Dandy
Mon May 07, 2018 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: When did you start drawing profits from taxable?
Replies: 48
Views: 3236

Re: When did you start drawing profits from taxable?

It always made sense to me to have a bit of a life balance. I was frugal (even cheap sometimes :oops: ) but I always made sure the family had a nice vacation, that we ate out (cheaply) once in a while, etc. I didn't buy new cars, did all the painting, wall papering, landscaping, oil changes etc. I s...
by Dandy
Mon May 07, 2018 10:17 am
Forum: Investing - Theory, News & General
Topic: How does stock buyback benefit investors?
Replies: 78
Views: 5969

Re: How does stock buyback benefit investors?

I think it is beneficial to all share owners if, and only if, the total number of shares is reduced and stays reduced. As was noted previously it makes it attractive to executives who are compensated with stock options, stock rewards etc. So companies are tempted to use their stock as compensation r...
by Dandy
Sun May 06, 2018 4:59 pm
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 16852

Re: What Percentage CASH are you?

About 9% cash at age 70. But I use the term no loss of principal which includes my CDs - that amounts to 18%. Add another 18% in short term bond funds and I have about 36% "safe". Why so high. I follow Dr. Bernstein's idea of have 20 years worth of withdrawal in "safe" (my word) products. Actually I...
by Dandy
Sun May 06, 2018 7:26 am
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund
Replies: 10
Views: 1348

Re: Emergency Fund

Here is how I view the E fund. In an emergency all your savings/investments are in play. e.g. if you lose your job and you use up your E fund you will start using other assets. So, I always considered all my assets, including an E fund when looking at my overall allocation. In fact, I never had a fo...
by Dandy
Sun May 06, 2018 6:51 am
Forum: Investing - Help with Personal Investments
Topic: Are bonds necessary/beneficial in my situation?
Replies: 21
Views: 2026

Re: Are bonds necessary/beneficial in my situation?

Your goal is financial independence. What dollar amount does that mean for you? There are two ways of looking at your fortunate situation. 1. I can put so much money away and invest it aggressively that even after a major 50% or more prolonged equity plunge I will still be in great shape and will co...
by Dandy
Sat May 05, 2018 6:12 am
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 8711

Re: Does it make sense to rent as a retiree?

I think so in many cases. I just turned 70 and am starting to feel the burden of maintaining a house in a HCOL northeast. I'm not fond of outsourcing all the services e.g. landscaping, snow plowing, etc and without a garage and the laundry in the basement it seems that I can't make this house good f...
by Dandy
Fri May 04, 2018 2:03 pm
Forum: Investing - Theory, News & General
Topic: Portfolio peepers: what do you do?
Replies: 48
Views: 3909

Re: Portfolio peepers: what do you do?

Was almost daily until this year now about weekly or so. I have a number of investments and like to understand how they reacted to equity drops and interest rate changes. Rarely prompted me to make any investment moves. Once a month I do an asset recap from VG and other firms to check on overall all...
by Dandy
Thu May 03, 2018 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: How are you widow-proofing?
Replies: 35
Views: 4441

Re: How are you widow-proofing?

While I am not near needing RMDs, can you actually set it and forget it in advance? Or is there a "specific window"? I''m not really sure- :oops: I set up to have my VG RMD taken on a specific date and to take it proportionately from my fund holdings. I also specified federal and state withholding ...
by Dandy
Thu May 03, 2018 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: How are you widow-proofing?
Replies: 35
Views: 4441

Re: How are you widow-proofing?

Good topic - have a ways to go. 1. Income from my pension and SS go to an online bank savings account. 2X a month automatically sends money to Credit Union interest checking. Online saving bank also has money market account with check writing. 2. TIRA RMD is set up to automatically send RMD to VG cl...
by Dandy
Wed May 02, 2018 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Moving to The Woodlands,TX
Replies: 49
Views: 5669

Re: Moving to The Woodlands,TX

the biggest issue with any move is usually culture and climate. A friend who moved from the northeast to S. Carolina was told why did you move here if you don't focus on God, Guns or Golf. His wife loved the art culture an he eventually enjoyed the community and became a beloved hospital volunteer. ...
by Dandy
Wed May 02, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life Policy
Replies: 29
Views: 2689

Re: Whole Life Policy

I don't have a formula but my guess is that unless you need more insurance coverage their is a very declining value e.g. when you were young $1 of Dividend bought you many dollars of insurance -- at age 66 $1 buys a lot less. It would be nice to have some actual data on that. You might infer that by...
by Dandy
Mon Apr 30, 2018 6:53 am
Forum: Personal Finance (Not Investing)
Topic: How do you fund spending in retirement
Replies: 26
Views: 3097

Re: How do you fund spending in retirement

Dandy, Off topic. If your non-Checking non-Savings money is not all in equities, would you mind explaining why? Thank you. My overall allocation is currently 43/57. I have the ability but not the need or desire to take more risk. Also, I generally follow Dr. Bernstein's idea of having 20 years of d...
by Dandy
Sun Apr 29, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: How do you fund spending in retirement
Replies: 26
Views: 3097

Re: How do you fund spending in retirement

I have Pension and Social Security sent to an online bank savings account earning a competitive interest rate. 2X per month I have money sent to my interest bearing checking account to pay bills. The timing of these automatic transfers better matches when bills arrive vs having a lot of money sittin...
by Dandy
Sun Apr 29, 2018 2:03 pm
Forum: Investing - Theory, News & General
Topic: Barron's article: "No Volatility Here: Cash Makes a Comeback"
Replies: 6
Views: 1134

Re: Barron's article: "No Volatility Here: Cash Makes a Comeback"

To some extent. In retirement I have taxable distributions sent to the Federal Money Market account (not wanting to increase my equity allocation automatically). I used to transfer those from the Fed money market to an On Line Savings account but now the Fed Money market is paying a bit more. I also...
by Dandy
Sun Apr 29, 2018 5:51 am
Forum: Investing - Help with Personal Investments
Topic: CD ladder in IRA??
Replies: 12
Views: 912

Re: CD ladder in IRA??

CDs have a role, but probably a modest role for a TIRA. Most recommend the TIRA be fixed income heavy. Many look at their fixed income for safety and stability rather than growth -- CDs fit that bill. For those close to or are taking their RMDs care must be taken, especially with brokerage CDs, that...
by Dandy
Sat Apr 28, 2018 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: More aggressive portfolio with a pension?
Replies: 42
Views: 3673

Re: More aggressive portfolio with a pension?

Having a pension allows you to take more risk. To me I didn't become a more aggressive investor then when I had a salary. I think what matters is the size of your retirement nest egg vis a vis your expected retirement running expenses. If it, with a reasonable withdrawal percentage and your pension,...
by Dandy
Sat Apr 28, 2018 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Money vs. Work-life balance
Replies: 68
Views: 7430

Re: Money vs. Work-life balance

I always found work/life balance to be important. A lot depends on your age, the age of your children and how portable your job skills are and remain. For me I'd stay at your current job especially if any kids are still kids. I was pretty frugal even cheap but always made time for family especially ...
by Dandy
Wed Apr 25, 2018 7:28 am
Forum: Personal Finance (Not Investing)
Topic: How much cash do you keep at any time on checking?
Replies: 183
Views: 14564

Re: How much cash do you keep at any time on checking?

Used to have a free checking account at a big brick bank and since it didn't earn interest it was a pain to make sure it was properly funded to account for monthly variations in bills. Opened an online interest bearing checking account (no monthly swipes required!!) and it has a savings account that...
by Dandy
Wed Apr 25, 2018 7:07 am
Forum: Investing - Help with Personal Investments
Topic: Do I have 3 different investment horizons when planning for retirement?
Replies: 32
Views: 2525

Re: Do I have 3 different investment horizons when planning for retirement?

I think those approaching their number and approaching their retirement need to be a bit conservative in their investments. A lot depends on how realistic your "number" is. Once in retirement it is difficult to make up any losses. I made it a point to conservatively fund my goal to take SS at age 70...
by Dandy
Tue Apr 24, 2018 5:12 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 5969

Re: Bloomberg article on lump sum vs dollar cost averaging

It is basic. Lump sum is about 2/3 better in normal times. It would be even more of an advantage after a severe market drop. Its advantage is likely to be less than it is in normal times if the market is at historic high valuations. There is no guarantees that either approach will be a winner going ...
by Dandy
Mon Apr 23, 2018 6:36 am
Forum: Investing - Help with Personal Investments
Topic: Spreading Bond Safety to Taxable [Portfolio help]
Replies: 12
Views: 1009

Re: Spreading Bond Safety to Taxable [Portfolio help]

It makes sense to me to have some equities in your tax advantaged account and some fixed income in your taxable account. It is easier to rebalance, you want your tax advantaged account to grow and I wouldn't want all my risk assets in taxable. In my accumulation years I started off with almost every...
by Dandy
Sun Apr 22, 2018 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket using short or Ltd. term muni for EF?
Replies: 19
Views: 866

Re: Anyone in high bracket using short or Ltd. term muni for EF?

I have a decent allocation to Ltd Term Tax exempt fund. I had it for several years and plan to keep it. Decent yield and pretty steady.
by Dandy
Sun Apr 22, 2018 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Banking question and annutities
Replies: 4
Views: 286

Re: Banking question and annutities

Alliant Credit Union currently pays 1.5% on Savings and 0.65% on checking. You can transfer money from savings to checking or vis versa instantly. They don't seem to have any gotcha fees. 24/7 customer service, lots of fee free ATMs, reimburse up to $20/month for any ATM fees incurred, mobile app,, ...
by Dandy
Sun Apr 22, 2018 7:18 am
Forum: Personal Consumer Issues
Topic: Do you buy new or used cars?
Replies: 113
Views: 7500

Re: Do you buy new or used cars?

Being retired and not usually putting much miles on cars is my current situation. In my younger days I usually bought used cars or cheap new cars e.g. a ford Pinto. :oops: As I gained some financial independence and had to buy cars for the whole family I bought an occasional new car and kept my eye ...
by Dandy
Fri Apr 20, 2018 4:52 am
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 5969

Re: Bloomberg article on lump sum vs dollar cost averaging

Rebalancing is a reaction to your asset allocation being out of whack, and correcting it. It has nothing to do with how you think the market is going to do in the future. That's not market timing. I don't think it is wrong but 1. some people call it market timing. 2. You are in essence saying the m...
by Dandy
Thu Apr 19, 2018 9:55 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 5969

Re: Bloomberg article on lump sum vs dollar cost averaging

Here he is talking not about market timing, which is trying to predict the market, but about the need for "nervous" investors to stay within their risk tolerance levels by reducing equities. I'm ok with nervous investors dialing back their equities to stay within their risk tolerance -- that is als...
by Dandy
Thu Apr 19, 2018 4:54 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 5969

Re: Bloomberg article on lump sum vs dollar cost averaging

Also known as market timing. Market timing is a term that is thrown around on so many things that it can lose its real value. Some have applied it to rebalancing. I have dealt with the most abusive market timers who had list of clients and they would call in often several times a week just before t...
by Dandy
Thu Apr 19, 2018 7:18 am
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 5969

Re: Bloomberg article on lump sum vs dollar cost averaging

I understand that in general lump sum outperforms DCA perhaps 2/3'rds of the time. I do think there might be a reduction in that advantage for those start their DCA when the market is near or at it's all time high, or some other objective measure of high valuation. I usually do and advise a combinat...
by Dandy
Thu Apr 19, 2018 6:57 am
Forum: Investing - Theory, News & General
Topic: Lack of FDIC Insurance a big deal?
Replies: 39
Views: 3744

Re: Lack of FDIC Insurance a big deal?

Loss of FDIC insurance isn't the only difference. My understanding is that Prime and other institutional type money markets have options to charge fees, or restrict withdrawals in certain situations related to economic hardships that may cause a run on the fund for example. That isn't the case with ...
by Dandy
Thu Apr 19, 2018 6:27 am
Forum: Investing - Help with Personal Investments
Topic: Bonds vs. Fixed/Guaranteed Income
Replies: 21
Views: 2234

Re: Bonds vs. Fixed/Guaranteed Income

a lot depends on your age and purpose of your fixed income and what percent overall are you allocating to fixed income. Usually, the bond choices in employer sponsored plans are terrible either poor performance or high fees or likely both. I like the guaranteed income especially if the purpose is fo...
by Dandy
Thu Apr 19, 2018 5:41 am
Forum: Investing - Help with Personal Investments
Topic: Are you keeping more in cash?
Replies: 31
Views: 4469

Re: Are you keeping more in cash?

I don't worry too much about the market timing label -- many times it is abused. When there are significant changes it is wise to consider responding to them. When money markets were paying almost nothing it was a reasonable response to move assets to something that had a bit more risk and a bit mor...
by Dandy
Wed Apr 18, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Should we save for our son's college?
Replies: 96
Views: 8464

Re: Should we save for our son's college?

College expenses used to be reasonable at least for state schools. I used to work the summers and could at least pay for the tuition. My parents picked up the books etc. and provided a small weekly allowance to cover gas/lunch - I commuted (but bought a 6 year old used car.) Those days are long gone...