Search found 5278 matches

by Dandy
Sat Sep 22, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying SS? How Long It Will Take for It to Pay Off?
Replies: 49
Views: 4143

Re: Delaying SS? How Long It Will Take for It to Pay Off?

I looked at it differently than years to pay off/break even. As long as while I waited I had a nice retirement and my health I delayed for x years and then had higher income for me and my spouse for as long as the one of us lived. After the wait less need to draw upon my portfolio, more inflation pr...
by Dandy
Sat Sep 22, 2018 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: How do I allocate social security in retirement?
Replies: 6
Views: 729

Re: How do I allocate social security in retirement?

What did you do with your salary? Social Security is inflation adjusted income. Having it can allow you to take more risk if you prefer as would a pension or annuity. So, if you feel you can and wish to take more risk then up your equity allocation a bit. But, don't twist yourself into a pretzel try...
by Dandy
Fri Sep 21, 2018 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Out of Market
Replies: 23
Views: 3150

Re: Out of Market

Hopefully, the VG brokerage CDs will not be in a TIRA since that would create some potential issues with satisfying RMDs since some brokerage CDs might have to be sold (at a loss?) and in a timely manner. I think it will take awhile to get a 4% CD ladder of say 5 years. You might want to start it no...
by Dandy
Thu Sep 20, 2018 6:30 am
Forum: Investing - Help with Personal Investments
Topic: Total Bond or Total Bond/short-term
Replies: 48
Views: 4629

Re: Total Bond or Total Bond/short-term

I am in retirement with a large fixed income allocation. I am more focused on asset preservation than growth. Under those conditions I favor having a mix of intermediate and short term bond funds as well as CDs and Savings. About 1/3 in each category. I think I have always favored a more conservativ...
by Dandy
Wed Sep 19, 2018 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Concerns over funding priority when investing with debt
Replies: 42
Views: 1989

Re: Concerns over funding priority when investing with debt

I tend to favor paying down mortgage, especially an ARM. Of course it depends on a lot of factors e.g. how secure is your employment, how risky is CA real estate (bubble?), etc. What happened to some in 2008-9 was that the real estate market plunged, sales dried up and the ARMs reset. People lost jo...
by Dandy
Wed Sep 19, 2018 7:12 am
Forum: Investing - Theory, News & General
Topic: Bonds. Why? (vs. cds)
Replies: 59
Views: 4385

Re: Bonds. Why? (vs. cds)

The essence of the OP's question is are CDs ok vs bonds. Let's eliminate individual bonds which, unless they are Treasuries, have a default risk. It is really bond funds vs CDs. Sometimes, in some situations, CDs could be better than a bond fund. Now you need to decide CDs directly purchased from a ...
by Dandy
Tue Sep 18, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America credit card “feature” (be careful with autopay)
Replies: 45
Views: 2589

Re: Bank of America credit card “feature” (be careful with autopay)

I had a statement fail to show up on two occasions over the past 30+ years. I missed my payment both times. I recently noticed that a credit card statement was late. I track my monthly expenses to see if my run rate is changing. I called, told them to send me another statement and paid them on that...
by Dandy
Tue Sep 18, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: I see now why Rollovers can take FOREVER ....
Replies: 58
Views: 5363

Re: I see now why Rollovers can take FOREVER ....

I can see how a Vanguard CSR would just want to throw up their hands for working on some of these rollovers. Brings back painful memories. I ran mutual fund operations (and the call center at a different time). Rollovers was one of the worst jobs. Almost every company had its own unique forms and r...
by Dandy
Tue Sep 18, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America credit card “feature” (be careful with autopay)
Replies: 45
Views: 2589

Re: Bank of America credit card “feature” (be careful with autopay)

I am old school. Send me a bill and I'll use bill pay and schedule payments. I could see a benefit if you travel a lot or when your mental facilities decline. I think the key bill to pay is health insurance since I fear that could be a cause to cancel or be a source of confusion especially if a cove...
by Dandy
Tue Sep 18, 2018 8:10 am
Forum: Investing - Help with Personal Investments
Topic: Facing Retirement at year end
Replies: 22
Views: 2638

Re: Facing Retirement at year end

Sorry for your double downsizing. I would opt for a pension vs lump sum. Health insurance will be a top priority. I would consider selling your house in the near term and downsizing/renting. Bank of America is pretty poor on its checking/savings options there are better options and you may need to m...
by Dandy
Mon Sep 17, 2018 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor - .30%
Replies: 23
Views: 3080

Re: Vanguard Personal Advisor - .33%

The investment adviser business model is problematic. Most of the work, at least for awhile, is up front. Few want to pay a large up front fee and then zero. So, we have a percent of assets as a result-- hoping the customer will not reach your conclusion and manage the investment themselves. Fortuna...
by Dandy
Mon Sep 17, 2018 4:51 pm
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 78
Views: 6708

Re: Is there such thing as saving TOO much?

Yes. You can get caught up in saving as a goal in itself as opposed to a means to an end. The main pleasure in life becomes watching your asset number grow higher. The term for that in the extreme is miser. Life balance is important at every age. Make sure you are also spending some time and money e...
by Dandy
Mon Sep 17, 2018 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Can I have an oversized emergency savings account?
Replies: 19
Views: 2118

Re: Can I have an oversized emergency savings account?

In the long run it really doesn't matter greatly what you do with the extra $20k. If you invest it you might lose some of it but over the longer term it should grow. If you put it in a CD you might make, at 3%, $600/yr. before any taxes. The younger you are the more it makes sense to invest it -- al...
by Dandy
Mon Sep 17, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying SS? How Long It Will Take for It to Pay Off?
Replies: 49
Views: 4143

Re: Delaying SS? How Long It Will Take for It to Pay Off?

I guess break even matters or there wouldn't be so much attention paid to it. I really never paid much attention to it. As long as I could afford to wait, I wanted the years from 70 and beyond to have maximum income for me and my wife. So, a few years of deferred income, in my case 8, seemed good en...
by Dandy
Mon Sep 17, 2018 11:39 am
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 131
Views: 33519

Re: Vanguard opens special offices for $1 million clients

I don't know if a bank would provide the mutual fund service on site that a VG site would provide. The bank would likely have banking people to handle opening checking accounts, approving loans etc. unless it was not a typical bank. It is nice, especially for a non investment savvy wife, to have a s...
by Dandy
Mon Sep 17, 2018 7:47 am
Forum: Investing - Theory, News & General
Topic: Equity allocation for Flagship clients?
Replies: 47
Views: 3769

Re: Equity allocation for Flagship clients?

my asset allocation is 43/57. I roughly follow Dr. Bernstein's idea of having 20-25 years worth of draw down in "safe" fixed income (for me it is to age 90). After I did that I put all of my equities in my TIRA in Balanced Index and Wellesley Income Funds. I already had an equity heavy taxable accou...
by Dandy
Sun Sep 16, 2018 6:47 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 142
Views: 10111

Re: Age in Bonds - Still Recommended?

So you do separate withdrawals from your 'safe' and 'risk' portfolios? I don't have a single account with all "safe' assets and another with all "risk" assets. My withdrawals now are my RMD. My TIRA is about 20/80 with all the equities and most intermediate bonds tied up in the Balanced Index and W...
by Dandy
Sun Sep 16, 2018 1:42 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 142
Views: 10111

Re: Age in Bonds - Still Recommended?

You have hit upon what I see as one of the biggest drawbacks of a bucket strategy: the details, of which there are many. How will you determine how much goes in each bucket? How will you determine how each bucket is allocated? When will you draw from which bucket? How will you replenish the buckets...
by Dandy
Sun Sep 16, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 108
Views: 7817

Re: Delaying Social Security Until 70

Many people take it earlier because they need it. In my spreadsheet, I calculate my age 62 to age 70 Social Security benefit payout as $198,144. I'm career high income. 29 years with my Social Security contribution maxed and another 6 years that are strong. I'm maybe $1K per year short of the maxim...
by Dandy
Sun Sep 16, 2018 1:11 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 142
Views: 10111

Re: Age in Bonds - Still Recommended?

I have a simple asset-allocation in retirement: The money I cannot afford to lose is in fixed-income. The rest is in stock funds. Nice general thought. There is still some work/debate about how to determine "the money I can't afford to lose". Wm. Bernstein recommends, for those who have enough, to ...
by Dandy
Sun Sep 16, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 108
Views: 7817

Re: Delaying Social Security Until 70

Many people take it earlier because they need it. In my spreadsheet, I calculate my age 62 to age 70 Social Security benefit payout as $198,144. I'm career high income. 29 years with my Social Security contribution maxed and another 6 years that are strong. I'm maybe $1K per year short of the maxim...
by Dandy
Sun Sep 16, 2018 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 108
Views: 7817

Re: Delaying Social Security Until 70

Many people take it earlier because they need it. The lack of pensions will likely increase this group in the future unless they have access to and take advantage of their 401k type vehicle. Another large segment just can't wait either because of health reasons or not used to delaying gratification....
by Dandy
Sun Sep 16, 2018 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Total Bond or Total Bond/short-term
Replies: 48
Views: 4629

Re: Total Bond or Total Bond/short-term

VG short term bond index is down a tiny bit ytd. If you want to have some diversity from Total Bond why not Prime Money Market paying 2.10%? I have a large allocation to fixed income in retirement. I diversify my fixed income with short term bond funds and CDs, etc. But, if you are in the accumulati...
by Dandy
Sun Sep 16, 2018 6:58 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 142
Views: 10111

Re: Age in Bonds - Still Recommended?

If you lost your job in 2008, your not going all in on equity in 2009. That happened to me in April of 2008 at age 60. I went from having enough for a nice retirement to not having enough and facing up to a 30 year retirement. Jobs of any kind were not available. When you are 60 most of your job re...
by Dandy
Sat Sep 15, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 82
Views: 5963

Re: Leasing Cars in Retirement

I think driving it into the ground was at one time maximizing cost savings. Been there done that drove a Pinto for 11 years. :oops: It might now be less valid since more up to date cars have better safety and accident avoidance features. One accident avoided can be a lot of savings on repairs and fu...
by Dandy
Sat Sep 15, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 82
Views: 5963

Re: Leasing Cars in Retirement

I have always bought. I hate the car buying process. I feel I would hate the leasing process even more since you have a lot more to negotiate. The more you have to negotiate the greater disadvantage to the buyer. Then you are required to further negotiate the end of the lease if there are any dents,...
by Dandy
Sat Sep 15, 2018 12:09 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 142
Views: 10111

Re: Age in Bonds - Still Recommended?

People often make decisions based on their wealth. e.g. general life style, purchasing a vacation home, buying cars, etc. Those with very high equity allocations, especially retirees who rely heavily on their portfolio, can easily be fooled into thinking their current portfolio level (aka wealth) is...
by Dandy
Sat Sep 15, 2018 8:52 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 142
Views: 10111

Re: Age in Bonds - Still Recommended?

Age in bonds is a decent starting point. It may have fallen out of favor due to the long equity bull market combined with the historically low interest rates. Both can combine to dull the overall risk of equities. Equities have large risks associated with their potential for large gains. A person in...
by Dandy
Fri Sep 14, 2018 8:05 am
Forum: Investing - Help with Personal Investments
Topic: treating all of investments as one asset allocation pool
Replies: 14
Views: 1351

Re: treating all of investments as one asset allocation pool

I like the idea of having tax advantaged accounts mostly fixed income heavy and taxable accounts mostly equity heavy. By having this structure you can often rebalance without creating a taxable event. The good news/bad? news is that over time your equities in the tax advantaged accounts should have ...
by Dandy
Fri Sep 14, 2018 7:37 am
Forum: Investing - Help with Personal Investments
Topic: Best tool/way to manage the a portfolio of multiple accounts
Replies: 22
Views: 1260

Re: Best tool/way to manage the a portfolio of multiple accounts

I just use the VanGuard website by listing my other investments under Outside Investments
+1 Also, you can add, with the right permission, your spouse's VG account so that your whole VG household is shown and updated.
by Dandy
Tue Sep 11, 2018 7:30 am
Forum: Investing - Help with Personal Investments
Topic: AA for funds earmarked for parents' care
Replies: 5
Views: 397

Re: AA for funds earmarked for parents' care

If you are targeting that money for your 70 year old parents possible later care then it seems to make sense to invest as a 70 year old. That probably means a relatively conservative, asset preservation allocation. Since they seem to be in good financial shape it doesn't seem to have to be extremely...
by Dandy
Mon Sep 10, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation house? Need objective third party
Replies: 66
Views: 5585

Re: Vacation house? Need objective third party

where the kids and I would spend the summers, with my spouse spending as much time there as possible (he travels frequently for work) I have enough trouble keeping with one house I never wanted 2. :D From friends that had a vacation place 1. many found that as the kids age they often didn't want to...
by Dandy
Mon Sep 10, 2018 3:20 pm
Forum: Investing - Theory, News & General
Topic: Short Term Market Uncertainty - "Buy" Insurance?
Replies: 33
Views: 2017

Re: Short Term Market Uncertainty - "Buy" Insurance?

Watching the news recently has caused me to be concerned that the probability of a stock market correction or bear market is currently higher than normal. Without starting a discussion of the news itself the areas of concern are upcoming elections, trade wars and yield curve inversion. Does it make...
by Dandy
Mon Sep 10, 2018 11:50 am
Forum: Investing - Theory, News & General
Topic: 3 fund portfolio with Money Market instead of Bonds
Replies: 26
Views: 2721

Re: 3 fund portfolio with Money Market instead of Bonds

I believe it gives some legitimate insight into the size of the effect of changing from intermediate-term bonds to "cash" (MMF), compared to the natural range of variability of this kind of portfolio. Great charts that tend to support the use of intermediate bonds vs money market (actually Short Te...
by Dandy
Mon Sep 10, 2018 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation after paying off mortgage
Replies: 22
Views: 1793

Re: Asset allocation after paying off mortgage

It is great to payoff your mortgage before retirement. It allows you to take a bit more risk. But consider that you are close to retirement and the few years before and after retirement are where you are at somewhat higher risk. I never considered my mortgage debt or my home equity as part of my inv...
by Dandy
Sun Sep 09, 2018 6:03 pm
Forum: Investing - Theory, News & General
Topic: 3 fund portfolio with Money Market instead of Bonds
Replies: 26
Views: 2721

Re: 3 fund portfolio with Money Market instead of Bonds

I'd consider Ltd term tax exempt or short term tax exempt funds depending on your tax bracket. But, over a relatively short term a good intermediate, diversified, low cost, passive bond fund should do fine. Total Bond fits that bill. A VG brokerage 2 year CD paying 2.8% isn't bad either. I'm 70 and ...
by Dandy
Sun Sep 09, 2018 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Recommendations on taxable account
Replies: 11
Views: 1443

Re: Recommendations on taxable account

Total Stock, Total International stock and Ltd Term Tax Exempt (or short term tax exempt). In fact i'd put a lot of your assets in the money market account in Ltd Term Tax Exempt or short term tax exempt. No use paying extra taxes while you carefully invest your cash assets.
by Dandy
Fri Sep 07, 2018 3:42 pm
Forum: Investing - Theory, News & General
Topic: What experts say about "Stay-the-Course"
Replies: 21
Views: 8284

Re: What experts say about "Stay-the-Course"

https://www.youtube.com/watch?v=k6ra5POdsYg&list=PL4cQu5_mUB3Au6lpn7uSodLFcuZ7hFJ5p&index=2 In a youtube discussion with Mark Witte in 2014 discussing allocation and market collapse Mr. Bogle recounts what he did and said at a Morningstar conference in the year 2000. I'll bet some of our honored Bog...
by Dandy
Fri Sep 07, 2018 8:04 am
Forum: Investing - Theory, News & General
Topic: What experts say about "Stay-the-Course"
Replies: 21
Views: 8284

Re: What experts say about "Stay-the-Course"

Jack Bogle: "Stay the Course. No matter what happens , stick to your program. I've said "Stay the course" a thousand times, and I meant it every time. It is the most important single piece of investment wisdom I can give to you." Certainly good general advice. But Mr. Bogle didn't always stay the c...
by Dandy
Fri Sep 07, 2018 5:22 am
Forum: Investing - Help with Personal Investments
Topic: Advice on asset allocation
Replies: 8
Views: 892

Re: Advice on asset allocation

Your biggest risk is the ESOP. It is half your assets and held in one stock and your job, health insurance?, pension? is all tied up in that company. If it falters or fails you will be in big trouble. Your first priority will be to see how you can reduce or eliminate most of that exposure. I had a m...
by Dandy
Thu Sep 06, 2018 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Psychology of saving for college vs retirement
Replies: 66
Views: 3932

Re: Psychology of saving for college vs retirement

I laughed at the time, but this thread got me thinking paying for college may be the best insurance policy if my financial life turns south. It is true that you can't borrow for retirement, but your children having a successful life might be better than any extra money diverted toward retirement. P...
by Dandy
Thu Sep 06, 2018 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Psychology of saving for college vs retirement
Replies: 66
Views: 3932

Re: Psychology of saving for college vs retirement

I agree that trying to provide a college education for your children is a very worthy goal. If you can't adequately save for retirement and save for your children's college - I'd opt for retirement. Your child can take on debt or you can do it or help pay off any loans later in life. Maybe that appr...
by Dandy
Thu Sep 06, 2018 5:57 am
Forum: Investing - Help with Personal Investments
Topic: Pension early distribution options
Replies: 12
Views: 955

Re: Pension early distribution options

I was always one who wanted to take the deferral option. Waited until 65 to take a pension, waited until 70 to take Social Security on my account and 66 to take SS spousal. I liked the idea of maximizing retirement income to take the pressure off my portfolio to fund retirement and to make the portf...
by Dandy
Thu Sep 06, 2018 5:38 am
Forum: Investing - Help with Personal Investments
Topic: Psychology of saving for college vs retirement
Replies: 66
Views: 3932

Re: Psychology of saving for college vs retirement

I think the Boglehead philosophy is to make sure you are properly funding your retirement before funding your children's college funding. Your retirement funding has a higher priority. It doesn't suggest that you have to max to near the brim but that it is a higher priority. No one is going to help ...
by Dandy
Tue Sep 04, 2018 5:54 am
Forum: Investing - Help with Personal Investments
Topic: How To Invest Windfall When At Market Top
Replies: 26
Views: 4079

Re: How To Invest Windfall When At Market Top

some lump, then DCA (automated if possible) over 12 to 18 months. When there is a bad market in a month double up that month's DCA.
by Dandy
Mon Sep 03, 2018 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for an 87-year-old?
Replies: 36
Views: 2126

Re: Advice for an 87-year-old?

I agree with others that he doesn't seem to need to "invest" this money. There are good online banks paying 1.75% (Discover)or 1.80% (Alliant Credit Union) on Savings, there are short term CDs paying that or more. This is an age where you usually want to keep risk to a minimum and have money somewha...
by Dandy
Mon Sep 03, 2018 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Help with next step on investment choices.
Replies: 4
Views: 296

Re: Help with next step on investment choices.

I like having both equities and fixed income in all types of accounts. Obviously, more equity heavy in taxable and more fixed income heavy in tax advantaged. It makes for a number of easy choices when rebalancing and usually avoids taxable events. Here is a problem that emerged without me noticing. ...
by Dandy
Mon Sep 03, 2018 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Long term safe-asset plan (not long-term bonds) make sense...?
Replies: 7
Views: 756

Re: Long term safe-asset plan (not long-term bonds) make sense...?

Seems as if the fixed income allocation is for stability/safety. A 50/50 allocation at your age is reasonable especially since when you collect SS you will likely cover your normal expenses. CD ladder and Treasuries provide a lot of safety and Treasuries could do well in a flight to safety situation...
by Dandy
Mon Sep 03, 2018 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Aggressive asset allocation and market capitalization for someone with a pension
Replies: 15
Views: 1177

Re: Aggressive asset allocation and market capitalization for someone with a pension

My understanding is that having the pension could eliminate my need to invest in a bond fund. For that reason, I am interested in investing in all stocks. At least for now. 1. Pensions and pension funding is somewhat iffy -- especially collecting it decades from now. Companies and governments seem ...
by Dandy
Sun Sep 02, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Help evaluate my financial situation
Replies: 27
Views: 2403

Re: Help evaluate my financial situation

Obviously, you have more then enough and more to come. On a much smaller scale I in in the same position especially since my pensions and SS basically equal my expense run rate. At age 70 with a large investment portfolio I consider that I have enough. I liked Dr. Wm Bernstein's idea for those who h...