Search found 5509 matches

by Dandy
Mon Jan 14, 2019 11:20 am
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 408
Views: 41674

Re: What is/ was your career and would you recommend it now?

Right out of college I didn't know what job to apply for. A friend said XYZ is hiring for internal auditors. I applied and was hired. The plus of this job was getting to know all aspects of the company, their management and how all the pieces fit together. Most of the other departments and their man...
by Dandy
Fri Jan 11, 2019 1:38 pm
Forum: Investing - Theory, News & General
Topic: Vanguard explains the increase in ex-us allocation
Replies: 34
Views: 4582

Re: Vanguard explains the increase in ex-us allocation

I'm not buying that the cost of investing internationally has dropped from basically forget it to now you should have 40%. The possible advantage of having 40% international surely would have offset all but outrageous expense levels. Not commenting on the merits just the rationale.
by Dandy
Fri Jan 11, 2019 1:31 pm
Forum: Investing - Theory, News & General
Topic: SS/Pension/etc as bond allocation?
Replies: 25
Views: 1635

Re: SS/Pension/etc as bond allocation?

Did you count your salary as a bond? If you want to take more risk -- take it. Having a pension allows you to take a bit more risk if you desire. You don't need to convert an income stream into pseudo bond.
by Dandy
Thu Jan 10, 2019 8:43 am
Forum: Investing - Help with Personal Investments
Topic: Monthly RMD from VG
Replies: 10
Views: 896

Re: Monthly RMD from VG

I would take the RMD proportionately. No need to fuss each month on where will I take my RMD from. Not suggesting set it and forget it but set it and keep an eye on it to make sure you stay close to your target allocation. If/when you find your allocation is getting out of hand -- then make a change.
by Dandy
Thu Jan 10, 2019 8:36 am
Forum: Investing - Help with Personal Investments
Topic: AA Conundrum - Cash vs Bonds
Replies: 6
Views: 650

Re: AA Conundrum - Cash vs Bonds

I think of my fixed income in 3 categories: 1. No loss of principal - e.g. FDIC products, Money Market Funds, I bonds, EE bonds, Stable Value funds, Individual Treasury Bills, etc. The assumption is that they will be held to maturity. Their common quality is safety. 2. Short Term bond funds 3. Inter...
by Dandy
Tue Jan 08, 2019 11:07 am
Forum: Investing - Help with Personal Investments
Topic: AA question about income required before age 70 SSI
Replies: 9
Views: 605

Re: AA question about income required before age 70 SSI

I don't want any cash sitting around not working for me. Cash and cash-like products don't do much heavy lifting but they always do some positive lifting. That is why in the old days, when cash was routinely paying a decent rate, allocations were quoted as stocks/bonds/cash. Cash allocation was usu...
by Dandy
Tue Jan 08, 2019 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Fixed Income-CDs, Brokered CDs, T-bonds & bills
Replies: 11
Views: 1184

Re: Fixed Income-CDs, Brokered CDs, T-bonds & bills

I think you have enough to focus on fixed income vs having any equities but think a small allocation to equities might still be a good idea. As far as fixed income I have 3 categories: No loss of principal (CD's, Online Savings, etc.), Short term bond funds, intermediate bond funds. We are currently...
by Dandy
Tue Jan 08, 2019 7:54 am
Forum: Investing - Help with Personal Investments
Topic: AA question about income required before age 70 SSI
Replies: 9
Views: 605

Re: AA question about income required before age 70 SSI

I like cash for the money to bridge to SS at age 70. That could mean a CD's, money market, etc. I'm from the school that if you have enough why take too much risk. I see the retirement goal as making sure you have enough to last through a long retirement vs trying to continue to grow the nest egg by...
by Dandy
Mon Jan 07, 2019 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired, new to you, seeking a plan we can trust
Replies: 8
Views: 1542

Re: Newly retired, new to you, seeking a plan we can trust

Based on a need of about $24k an year you seem to be in great financial shape. You don't need to take much risk. When I retired I couldn't decide what overall allocation was right for me. Was 40% equities too low, was 50% enough? etc. What worked for me was Dr. Wm Bernstein's idea of keeping 20-25 y...
by Dandy
Mon Jan 07, 2019 7:43 am
Forum: Investing - Theory, News & General
Topic: Total Investing Risk
Replies: 18
Views: 1454

Re: Total Investing Risk

One problem in determining risk is that allocations, market drops and risk tolerance are expressed in percents and losses are felt in dollars. A 10% drop in a million dollar portfolio doesn't sound too bad - the percentage is less than most of us tip at a restaurant. But $100,000 loss (real or paper...
by Dandy
Mon Jan 07, 2019 6:52 am
Forum: Investing - Help with Personal Investments
Topic: Help with RMD and dividend reinvestment pleas
Replies: 2
Views: 359

Re: Help with RMD and dividend reinvestment pleas

I would consider having the RMD deducted proportionately from all funds. Use the money market to rebalance to make sure your overall allocation is ok. Since this will occur in your TIRA there are no tax implications.
by Dandy
Mon Jan 07, 2019 6:45 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation in multiple accounts for retirees
Replies: 21
Views: 1367

Re: Asset allocation in multiple accounts for retirees

I don't think each account should have the same or similar allocation. But, I do feel that most accounts need to have both equities and fixed income to be able to rebalance without incurring unnecessary taxes. Also, extreme variances from your overall allocation should probably be avoided in most ci...
by Dandy
Sun Jan 06, 2019 3:42 pm
Forum: Investing - Theory, News & General
Topic: Prime MM vs 6-month Treasury in IRA
Replies: 94
Views: 10217

Re: Prime MM vs 6-month Treasury in IRA

The Treasury MMKt fund interest should be free of state income taxes. The Fed Money Market Fund has about 50% allocated to Treasury Bills so I assume that the interest from Treasury Bills should be free of state income taxes. Both would be subject to Federal Income Taxes.
by Dandy
Sun Jan 06, 2019 12:05 pm
Forum: Investing - Theory, News & General
Topic: For those retired a few years
Replies: 58
Views: 4760

Re: For those retired a few years

My plan was to gradually increase our standard of living. I waited until age 70 (last year) to take my SS. Our income almost equals our normal expenses and RMD puts us over the top. Our spending increased e.g. more entertainment, an extra vacation or two, once a month cleaning service, gifts to chil...
by Dandy
Sat Jan 05, 2019 4:16 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 106
Views: 21623

Re: Jack Bogle - Two Fund Portfolio

It is about 1/3 of my TIRA add a bit of Wesseley and that is all my intermediate bonds and equities in my TIRA. The rest is TIPS fund, CD ladder and short term bond funds. I would have more in Balanced Index but can't without exceeding my overall equity allocation.
by Dandy
Sat Jan 05, 2019 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Which Money Market account now that interest rates have gone up?
Replies: 57
Views: 7319

Re: Which Money Market account now that interest rates have gone up?

Every boglehead should be aware of depositaccounts.com. One of my favorite resources for short term fixed income strategy. 1+ and excellent site but before you buy make sure to read the reviews. After clicking on the reviews and page down until you see a blue box that says "view more reviews" . The...
by Dandy
Sat Jan 05, 2019 9:38 am
Forum: Investing - Help with Personal Investments
Topic: VG advises 15% International Bonds (VTABX)... Why?
Replies: 48
Views: 3410

Re: VG advises 15% International Bonds (VTABX)... Why?

Vanguard believes (or has other motives?) for pushing international bonds. I don't like the way they introduced them -- basically adding them to a lot of their existing all in one type funds. Usually, funds are introduced and the market determines their success -- if people like them they attract as...
by Dandy
Fri Jan 04, 2019 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Anybody use Vanguard Advantage do you need 1 million to avoid fees?
Replies: 23
Views: 3040

Re: Anybody use Vanguard Advantage do you need 1 million to avoid fees?

I've had the Advantage Account for years. Was going to be our go to checking account until yields went near zero. I like that it has free checking and last year wrote checks on it for the first time. No problem. I like the ability to get money from my Vanguard Taxable account by check or ACH transfe...
by Dandy
Thu Jan 03, 2019 8:31 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation approaching retirement
Replies: 9
Views: 686

Re: Asset allocation approaching retirement

I like Dr. Wm Bernstein's idea for those who have enough . Basically, put 20-25 years worth of dollars needed for supplementing your retirement income in "safe" products and invest the rest anyway you want. So if you need $40k a year from your nest egg then put $800k in "safe" products. For me that ...
by Dandy
Thu Jan 03, 2019 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Delaying retirement just to help adult children
Replies: 66
Views: 6134

Re: Delaying retirement just to help adult children

That's a tough decision for parents. The desire to protect the kids is often very strong even when they are fully grown. I have two adult children, financially, one is doing ok and the other struggling. Both work hard as do their spouses. We are in a position to help and do so. We are retired so wor...
by Dandy
Wed Jan 02, 2019 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Drop Stocks Altogether: Age Dependent Decision?
Replies: 23
Views: 1581

Re: Drop Stocks Altogether: Age Dependent Decision?

I think a lot depends on the size of your portfolio and what you need to drawdown from it each year. I'm almost 71 and have a nice size portfolio. Current allocation is about 41/59. But my current drawdown is minimal to meet normal expenses. Plus I have RMD withdrawals. What helped me with deciding ...
by Dandy
Tue Jan 01, 2019 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Opinions sought re: age-related investing issue
Replies: 39
Views: 2069

Re: Opinions sought re: age-related investing issue

Investing your nest egg especially as you near retirement can be scary. There is some comfort when you have someone you trust and likely with more investment knowledge looking out for you and your nest egg. It would be nice if they would adjust your holdings when they sense a market decline etc. Unf...
by Dandy
Mon Dec 31, 2018 2:39 pm
Forum: Investing - Theory, News & General
Topic: CD’s in Asset Allocation - Bonds or Cash
Replies: 15
Views: 985

Re: CD’s in Asset Allocation - Bonds or Cash

I don't use the term bonds I use fixed income so it would be in fixed income. In fact it would be a special category I call "No loss of Principal" along with Savings, Money Markets, EE bonds, etc, and would include Stable Value fund if I still had access to one. I try to have about 1/3 in No loss of...
by Dandy
Sun Dec 30, 2018 8:45 am
Forum: Investing - Theory, News & General
Topic: Hold Only Short-Term Bonds?
Replies: 27
Views: 4275

Re: Hold Only Short-Term Bonds?

You have to decide on what the purpose(s) are for your fixed income choice(s) are. You mention simplicity and are concerned about overall portfolio performance. Intermediate bond funds like Total bond fund are usually considered a sweet spot between risk and reward. Shorter term bond funds are usual...
by Dandy
Sat Dec 29, 2018 11:08 am
Forum: Investing - Help with Personal Investments
Topic: What is the best return and reliability on a checking account right now?
Replies: 23
Views: 1496

Re: What is the best return and reliability on a checking account right now?

1. Vanguard Advantage account uses the Fed Money Market Fund and is paying 2.3%. Free to some. Hard to find on their site. Not FDIC insured. Other brokerages might have similar/better type accounts like these e.g. Fidelity, Schwab. 2. Alliant Credit Union. Pays 0.65% on checking -lots of no fee ATMs...
by Dandy
Sat Dec 29, 2018 8:33 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]
Replies: 153
Views: 13559

Re: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]

Being responsible for your and especially for your family's investments is an awesome responsibility. Most of us don't have the training, expertise or time to be independent in this matter. But, who, what to rely on for such a critical, lifelong task? Most advisers have their interests ahead of your...
by Dandy
Fri Dec 28, 2018 3:57 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]
Replies: 153
Views: 13559

Re: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]

But in theory the Boglehead way should be following Mr. Bogle's way or else who are you following? Is that true? I am not sure that is true. I don't think Mr. Bogle came down the mountain so to speak with the boglehead principles. I believe he INSPIRED many of the same principles this forum is base...
by Dandy
Fri Dec 28, 2018 1:14 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]
Replies: 153
Views: 13559

Re: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]

I believe stay the course DOES NOT allow for changes based on valuations in the boglehead way. But in theory the Boglehead way should be following Mr. Bogle's way or else who are you following? He seems to allow, on rare occasions, for what his more ardent "followers" call market timing and at leas...
by Dandy
Fri Dec 28, 2018 11:22 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]
Replies: 153
Views: 13559

Re: Vanguard Founder Jack Bogle Says It’s Time to market time

So much for Stay the Course. I guess those who would have to cut back from 70/30 to 60/40 will have to peek at their 401k statements. :oops: While stay the course certainly has merit-- sometimes you may need to make adjustments even if that risks being labeled a market timer. If, and when to do so a...
by Dandy
Wed Dec 26, 2018 9:44 am
Forum: Investing - Theory, News & General
Topic: Anyone overbalancing?
Replies: 39
Views: 2822

Re: Anyone overbalancing?

Kind of depends on whether you are in the accumulation/growth mode or the retirement/asset preservation mode. I'm in the latter. With "normal" market drops I would use my normal rebalancing i.e. bring equities inside my allocation band. When there is "abnormal" market drops I under rebalance i.e. so...
by Dandy
Mon Dec 24, 2018 7:19 am
Forum: Investing - Help with Personal Investments
Topic: Sending check by FED EX to Vanguard
Replies: 16
Views: 1417

Re: Sending check by FED EX to Vanguard

Transfer Agencies have to process all financial buys or sells received in good order by 4pm/market close that day. Since the market isn't open on Saturday any check received after the Friday close (assuming the market was open on Friday) will receive the price at the market close of the next day the...
by Dandy
Mon Dec 24, 2018 7:06 am
Forum: Investing - Help with Personal Investments
Topic: Savings and AA [Asset Allocation]
Replies: 6
Views: 612

Re: Savings and AA

I count all the financial assets that aren't targeted for someone else e.g. money for a child's education. They are your assets and they are actually in your real allocation whether you decide to count them or not. I don't count my house or try to convert my pension into a pseudo bond, or a stamp co...
by Dandy
Sat Dec 22, 2018 2:04 pm
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Present To You
Replies: 108
Views: 11164

Re: My Christmas Present To You

Taylor
Great post! Thanks for your service during the war -- and after. What a great reunion -- would make a touching movie.

Dandy
by Dandy
Wed Dec 19, 2018 4:09 pm
Forum: Investing - Theory, News & General
Topic: Why did you decide to change your asset allocation?
Replies: 45
Views: 1980

Re: Why did you decide to change your asset allocation?

2008 was a tough year - lost job at age 60 and market plunged to the extent that instead of having enough I probably didn't. So, bad sequence of returns just at the start of my retirement. Recovery was rather quick but the risk lesson was learned. I kept my allocation at about 45% equities down from...
by Dandy
Wed Dec 19, 2018 10:56 am
Forum: Investing - Help with Personal Investments
Topic: The 4% rule
Replies: 71
Views: 6539

Re: The 4% rule

As people get later into their retirement (and their graveyard) they can adjust their withdrawals based on the size of their portfolio, their health and expenses. So, pick a well back tested withdrawal plan and follow it but be prepared to adjust withdrawals (up or down) if expenses, health issues a...
by Dandy
Wed Dec 19, 2018 8:43 am
Forum: Investing - Help with Personal Investments
Topic: The 4% rule
Replies: 71
Views: 6539

Re: The 4% rule

Why often billed as a safe withdrawal rate I think it would be better billed as an excellent starting withdrawal rate . I don't think you can blindly continue to take 4% (plus inflation) for a several decade retirement. Most likely you will be able to continue with that approach. But the future isn'...
by Dandy
Wed Dec 19, 2018 8:12 am
Forum: Investing - Help with Personal Investments
Topic: Bond Allocation in 40/60 Portfolio
Replies: 12
Views: 1101

Re: Bond Allocation in 40/60 Portfolio

Total Bond is provides pretty good coverage of intermediate US bonds. The fixed income portion of Balanced Index and Wellesley Income are also contain good intermediate bond allocations. I think you will be fine with those choices. That being said I am a fan of more diversity in my retirement fixed ...
by Dandy
Tue Dec 18, 2018 8:16 am
Forum: Investing - Help with Personal Investments
Topic: RMD question
Replies: 7
Views: 778

Re: RMD question

His IRA is at Vanguard so I assume they will let us know RMD amount but leave it up to us as to which fund to withdraw from? Vanguard will calculate your RMD based on his TIRA account at Vanguard but you have to sign up for the RMD process to have them calculate and implement the RMD withdrawal tha...
by Dandy
Mon Dec 17, 2018 8:05 am
Forum: Investing - Theory, News & General
Topic: What type of bond investor are you?
Replies: 35
Views: 2713

Re: What type of bond investor are you?

First of all I wish people would think of fixed income vs bonds or bond funds. I use my fixed income for safety and balance. 1. From a safety standpoint I have about 20 years worth of drawdown dollars in FDIC products, Money market funds and short term bond funds roughly following Dr. Wm Bernstein's...
by Dandy
Mon Dec 17, 2018 7:49 am
Forum: Investing - Help with Personal Investments
Topic: Investing RMD back into taxable vanguard fund
Replies: 9
Views: 1354

Re: Investing RMD back into taxable vanguard fund

Just be aware that if you are moving, via the RMD, money from a fixed income heavy account to a taxable equity fund you are likely going to have a rising equity allocation over time.
by Dandy
Mon Dec 17, 2018 7:41 am
Forum: Investing - Help with Personal Investments
Topic: How to decrease stock AA when it's in taxable
Replies: 24
Views: 1549

Re: How to decrease stock AA when it's in taxable

Ah the downside of the otherwise good idea of having all/most equities in taxable accounts. Been there have that issue also. One thing to do is have all taxable equity fund distributions set to cash instead of reinvest. The only other suggestion is to do a modest sell before year end and another nex...
by Dandy
Sun Dec 16, 2018 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Roth or Trad 401k - 24% bracket
Replies: 35
Views: 1473

Re: Roth or Trad 401k - 24% bracket

Retirement investing is a long term project as the average life is estimated to be 85. The power of compounding is amazing and often difficult to fully comprehend certainly by me. A person starting to invest at 25, retire at 65 and live to 85 has many asset management challenges. Most of us have jus...
by Dandy
Sun Dec 16, 2018 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Roth or Trad 401k - 24% bracket
Replies: 35
Views: 1473

Re: Roth or Trad 401k - 24% bracket

The problem with that if you start with Roth 401K, it will take longer for you to reach that 1 million. Then, you will switch to Trad. 401K much later. If you start out with a Roth 401k you will get to a million in the same time. The company match will be in the Traditional 401k and the rest will b...
by Dandy
Sun Dec 16, 2018 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Roth or Trad 401k - 24% bracket
Replies: 35
Views: 1473

Re: Roth or Trad 401k - 24% bracket

There is a trade off when you want vs need the tax advantage of the non Traditional 401k. In the early, usually lower earning years, money is often tight and you may want/need the tax deduction but your tax bracket is usually at a lower point. Later in the accumulation stage you are in a higher tax ...
by Dandy
Sun Dec 16, 2018 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Roth or Trad 401k - 24% bracket
Replies: 35
Views: 1473

Re: Roth or Trad 401k - 24% bracket

A tough call -- valuable tax relief now early in your high earning career vs the lure of tax free withdrawals of a Roth. One factor I didn't fully anticipate was how my large TIRA would keep me in a high tax bracket when I began taking my RMDs. That and the recent tax law change will prevent me from...
by Dandy
Sat Dec 15, 2018 2:14 pm
Forum: Investing - Theory, News & General
Topic: AA for a Retiree being a Booglehead
Replies: 20
Views: 1690

Re: AA for a Retiree being a Booglehead

You should estimate your retirement living expenses and subtract estimated retirement income from Pension, social security, etc. The answer is the estimate of the dollars you will have to withdraw from your investments each year. The yearly draw down divided by your total investments will give you a...
by Dandy
Sat Dec 15, 2018 8:58 am
Forum: Investing - Theory, News & General
Topic: [Robinhood to offer 3% cash management program, not a bank account]
Replies: 160
Views: 10642

Re: [Robinhood to offer 3% cash management program, not a bank account]

Given that Robinhood was willing to jump the gun and claim SIPC coverage before finding out if the SIPC agreed, I think we can assume that Robinhood is aggressive and willing to take risks. +1 As I said I would approach this account with caution. The early bird gets the worm - the early worm gets e...
by Dandy
Fri Dec 14, 2018 8:47 am
Forum: Personal Finance (Not Investing)
Topic: What if you reach your number before retirement?
Replies: 22
Views: 3646

Re: What if you reach your number before retirement?

It is somewhat confusing that your number is 4 million but you can't retire at 69 with that number?? Anyhow I think it is a good idea to invest more conservatively as you approach and certainly when you exceed your number. Go from growth to asset preservation mode if you have your number and your hu...
by Dandy
Thu Dec 13, 2018 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation when cost of living expenses covered
Replies: 23
Views: 1281

Re: Allocation when cost of living expenses covered

One thing to look at is what will be the income for each of you if the other passes and how that stacks up to expenses. One SS, reduced or no pension income?, annuity? tax filing single vs joint, etc. In our case my wife will lose her SS and 1/2 my pension income. I would lose only her much smaller ...
by Dandy
Thu Dec 13, 2018 3:36 pm
Forum: Investing - Theory, News & General
Topic: [Robinhood to offer 3% cash management program, not a bank account]
Replies: 160
Views: 10642

Re: Robinhood to launch 3% Checking & Savings Accounts

Interesting name for a financial services firm. :oops: I hope when you call you don't talk to Little John. :happy

I would approach this deal with caution.