Search found 5442 matches

by delamer
Thu Aug 16, 2018 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Withdraw money from Investments
Replies: 4
Views: 427

Re: Withdraw money from Investments

Withdrawing based on maintaining your preferred AA makes the most sense. So if you’ve drifted up to 53% in stocks, then withdraw from stocks. Keep in mind with large withdrawals, though, that you might end up pushing yourself into a higher tax bracket if you take out everything you need at once. For...
by delamer
Wed Aug 15, 2018 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Moving within Fidelity
Replies: 2
Views: 376

Re: Moving within Fidelity

Presumably you have a desired asset allocation for your retirement accounts.

Do any of the zero cost funds fit your allocation needs?
by delamer
Wed Aug 15, 2018 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Octogenarian father in law's idea of balance: AAPL + CASH
Replies: 30
Views: 2527

Re: Octogenarian father in law's idea of balance: AAPL + CASH

Is this your FIL, stepfather, or father? You talk about in-laws but then you said you and your sister are his kids. In what way does he want you to take over their finances? Do you have any parameters other than not selling the stock? The assets are very overweighted in one stock and real estate. In...
by delamer
Wed Aug 15, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Civil service: Long Shot Interview.. Would you go?
Replies: 28
Views: 2489

Re: Civil service: Long Shot Interview.. Would you go?

If you don’t understand some of the requirements in the job position, I think you’d be wasting your time. (I also think it is unlikely that you’ll get an interview.) I went There were 3 questions where I had zero experience in the area they were looking for. The rest were more generalities, persona...
by delamer
Wed Aug 15, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Civil service: Long Shot Interview.. Would you go?
Replies: 28
Views: 2489

Re: Civil service: Long Shot Interview.. Would you go?

If you don’t understand some of the requirements in the job position, I think you’d be wasting your time.

(I also think it is unlikely that you’ll get an interview.)
by delamer
Wed Aug 15, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Cash or mortgage for house entering retirement?
Replies: 10
Views: 672

Re: Cash or mortgage for house entering retirement?

I am not sure why you feel this way: I guess I need to decide now as I plan to save the $100k equity for a DP. Why would you need to “save” your current equity? You don’t yet know how much your retirement home will cost and you aren’t buying for three more years. Who knows what interest rates or th...
by delamer
Wed Aug 15, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Cash or mortgage for house entering retirement?
Replies: 10
Views: 672

Re: Cash or mortgage for house entering retirement?

I am not sure why you feel this way: I guess I need to decide now as I plan to save the $100k equity for a DP. Why would you need to “save” your current equity? You don’t yet know how much your retirement home will cost and you aren’t buying for three more years. Who knows what interest rates or the...
by delamer
Tue Aug 14, 2018 3:55 pm
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 85
Views: 6425

Re: As an American, where are some great places in the world to retire?

My husband and I have lived in the USA are whole lives, except that my husband was born on a US Army base overseas when his parents were stationed there. The idea of living in another country in retirement has zero appeal to us. We certainly enjoy travel in other countries, though. So answer to your...
by delamer
Tue Aug 14, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Railroad Retirement vs Social Security
Replies: 13
Views: 1177

Re: Railroad Retirement vs Social Security

As noted earlier, the Tier 2 portion of railroad retirement is the major difference between a Social Security job and a railroad job. Remember that you make a contribution out of each paycheck (until the annual maximum is reached) for your Tier 2 benefit. And if you leave the industry and are not e...
by delamer
Tue Aug 14, 2018 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: VTSAX vs 3-fund portfolio
Replies: 12
Views: 1343

Re: VTSAX vs 3-fund portfolio

Define "superior" in non-subjective terms, so that we are all talking about the same thing. As was mentioned in another recent thread: can you show me good evidence that VTSAX is superior to investing every penny in Apple? Let's say that superior means very similar risks, but better returns. It app...
by delamer
Tue Aug 14, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Railroad Retirement vs Social Security
Replies: 13
Views: 1177

Re: Railroad Retirement vs Social Security

I don't know much about pensions, having never been anywhere where one was offered. If you decide you want to retire before age 60, or you are forced to quit due to medical reasons for example, are you SOL and get nothing? There is no one answer; different plans have different policies. But having ...
by delamer
Tue Aug 14, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Railroad Retirement vs Social Security
Replies: 13
Views: 1177

Re: Railroad Retirement vs Social Security

As noted earlier, the Tier 2 portion of railroad retirement is the major difference between a Social Security job and a railroad job. Remember that you make a contribution out of each paycheck (until the annual maximum is reached) for your Tier 2 benefit. And if you leave the industry and are not el...
by delamer
Tue Aug 14, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: How to have “what if” discussion with retired parents?
Replies: 48
Views: 4280

Re: How to have “what if” discussion with retired parents?

The parents posting to this thread -- you have to realize that most of the children who post to this thread are not dealing with parents who are financially knowledgeable, let alone spending their afternoons on bogleheads. I If your parents were truly financial wizards, it would be a different stor...
by delamer
Mon Aug 13, 2018 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio for retired 75 year old
Replies: 3
Views: 668

Re: Help with portfolio for retired 75 year old

You’ll get more responses if you spell out fund names; people don’t have tickers memorized.
by delamer
Mon Aug 13, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Can the greedy 'Private Bank' make any money off my index funds?
Replies: 21
Views: 2056

Re: Can the greedy 'Private Bank' make any money off my index funds?

My guess is that you’ll get even more incessant sales pitches now that Private Bank knows for sure how affluent you are.

So that is the price you’ll pay.
by delamer
Mon Aug 13, 2018 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 58
Views: 4499

Re: Marriage [How should finances be handled?]

As far as investing for retirement is concerned, come up with an allocation that you both agree on and then choose the best of your joint accounts to hold each asset in. For example, if your wife has a low cost S&P 500 fund in her 401(k) and you do not, then use her account to hold your large cap al...
by delamer
Mon Aug 13, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: How to have “what if” discussion with retired parents?
Replies: 48
Views: 4280

Re: How to have “what if” discussion with retired parents?

Lets see your dad and mom made it to there 70s without the help of others (kids). My parents in there 80 manage all money on there own. Never talked about it. They have a will. Thats all we know. Wife's parents passed away in their 80s. They had a will. Never talked about money. Will split everythi...
by delamer
Sun Aug 12, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Parents with Retirement
Replies: 24
Views: 2084

Re: Helping Parents with Retirement

I realize that you have a lot on your plate now with getting your parents’ accounts moved to Vanguard. And you have received good advice above. But once you have taken care of all that, I urge you to take a look at what will happen in terms of income and spending if you father should predecease your...
by delamer
Sun Aug 12, 2018 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Private Banking is a trap. Don't do it!
Replies: 55
Views: 6863

Re: Private Banking is a trap. Don't do it!

There has to be a more senior officer at the bank who supervises the people that you have day-to-day contact with. I would find out her/his name and have a conservation about your needs. As in “I value your Private Banking services but I am being pitched about investments every time I contact your s...
by delamer
Sun Aug 12, 2018 11:32 am
Forum: Personal Finance (Not Investing)
Topic: How to have “what if” discussion with retired parents?
Replies: 48
Views: 4280

Re: How to have “what if” discussion with retired parents?

Despite knowing that this is pretty common, it is hard for me to understand how one spouse (usually the husband) who claims to care about a partner (usually the wife) can refuse to share information about their joint finances. If I was your mother, I’d be pestering him until I was satisfied that I h...
by delamer
Sun Aug 12, 2018 10:53 am
Forum: Investing - Help with Personal Investments
Topic: Which is better? [Vanguard Total Stock Market (VTI) or Total World (VT)?]
Replies: 29
Views: 2350

Re: Which is better?

If you already have money in 529 accounts for your kids, then you should decide between VT and VTI in the context of the 529 investments.
by delamer
Sat Aug 11, 2018 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Help with retirement AA and fund recommendations- newbie
Replies: 9
Views: 499

Re: Help with retirement AA and fund recommendations- newbie

Here are suggestions from the Bogleheads’ wiki on lazy portfolio — low cost and simple, although most are a bit more complex than the standard 3 fund option.

https://www.bogleheads.org/wiki/Lazy_portfolios

Obviously, you can alter the weights of the different sectors to meet your risk tolerance.
by delamer
Sat Aug 11, 2018 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired - need to make a big change
Replies: 34
Views: 5246

Re: Newly retired - need to make a big change

The section in the Bogleheads’ wiki on lazy portfolios is worth your time: https://www.bogleheads.org/wiki/Lazy_portfolios So is the section on safe withdrawal rates: https://www.bogleheads.org/wiki/Safe_withdrawal_rates As others have mentioned, you can have Vanguard, Schwab, or Fidelity initiate t...
by delamer
Sat Aug 11, 2018 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing for a bear market
Replies: 43
Views: 4983

Re: Preparing for a bear market

Rather than increase your bond holdings (especially if corporate debt is your concern), maybe a cushion of 3 to 4 years of expenses in cash instead?
by delamer
Sat Aug 11, 2018 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Should I tell my family/friend that they are making a financial mistake?
Replies: 87
Views: 7638

Re: Should I tell my family/friend that they are making a financial mistake?

acegolfer: In my experience, the best way to convince someone of the many advantages of investing the Boglehead Way, is to give them a good book about investing. I suggest Jack Bogle's latest edition of "The Little Book of Common Sense Investing." Best wishes. Taylor I think that book is one of the...
by delamer
Fri Aug 10, 2018 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Average expenses in MCOL area for a family of 4
Replies: 50
Views: 2323

Re: Average expenses in MCOL area for a family of 4

Even people that make heavy use of credit are going to have some constraint on their spending based on their household income.

So what do expenses for a similarly-sized family, even in the same city, really tell you?
by delamer
Fri Aug 10, 2018 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Pension vs. TIRA paperwork
Replies: 5
Views: 468

Re: Pension vs. TIRA paperwork

As far as taxes are concerned, the pension is a fixed dollar amount that you’ll pay taxes on each year. No way to get around that. With the lump sum, you’ll have more flexibility to determine when you withdraw (at least until RMDs kick in) and could even do a Roth conversion. But maybe the amounts a...
by delamer
Fri Aug 10, 2018 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Should I tell my family/friend that they are making a financial mistake?
Replies: 87
Views: 7638

Re: Should I tell my family/friend that they are making a financial mistake?

Most people think they know how to invest their money better than you do. However, once in a while you can be of significant help. Five years ago, I was visiting a colleague of mine in Chicago, and the subject of money and investing came up. I knew she had a lot more money than I do. She, her husba...
by delamer
Fri Aug 10, 2018 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: Mutual funds / market correction
Replies: 13
Views: 1037

Re: Mutual funds / market correction

Thanks everyone for the advice. If spending the interest/dividends completely, then you are talking about market timing. Research shows lump sum investing to be fine for those with long investment horizons. Yes, for me it would be the above scenario. I would be spending most of the dividends, perha...
by delamer
Fri Aug 10, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Comfortably Retired and charity giving?
Replies: 25
Views: 1934

Re: Comfortably Retired and charity giving?

Several charities split the esate in the unlikely event that neither of our kids outlives us.

We don’t donate now based on a percentage, but just as the spirit moves us.
by delamer
Fri Aug 10, 2018 5:04 pm
Forum: Investing - Theory, News & General
Topic: What's a good way to calculate when I have won the game??
Replies: 23
Views: 4307

Re: What's a good way to calculate when I have won the game??

There are a couple ways to do this that are often mentioned. For both methods one starts by determining their shortfall. Here is one method. Discounting SS, you roughly project your shortfall to be $35K. How much would one need in investments to be able to withdraw $35k/year at a 4% rate. $35k/.04 ...
by delamer
Fri Aug 10, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 8879

Re: Biggest Threats to Financial Well-Being

If you want to know the biggest threats to your financial well-being, read The Millionaire Next Door. Although published in 1997, the facts are still relevant today as it was when the surveys were taken back then. If you don't save, you can not invest. If you spend above your means, you will never ...
by delamer
Fri Aug 10, 2018 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Would you pay this mortgage off?
Replies: 51
Views: 4087

Re: Would you pay this mortgage off?

That is not accurate - there is no direct relationship between paying off a mortgage early and the ability to handle money. Apparently my sarcasm was not adequately communicated. I feel for you; sarcasm does not seem to translate for many online. I made what I thought was an obviously sarcastic rep...
by delamer
Thu Aug 09, 2018 10:16 pm
Forum: Forum Issues and Administration
Topic: Private Messages stuck?
Replies: 8
Views: 416

Re: Private Messages stuck?

If I delete a PM sent to me without opening it, will it move to the sender’s Sent folder? Let's do a test - I'll send you a PM, you don't open it but delete it, I'll check my Sent File - and we'll report back to the boss :D Edit - done at 10:58 eastcoast time 8-) Done! My PM to Delamer is now in my...
by delamer
Thu Aug 09, 2018 10:03 pm
Forum: Forum Issues and Administration
Topic: Private Messages stuck?
Replies: 8
Views: 416

Re: Private Messages stuck?

whodidntante wrote:
Thu Aug 09, 2018 10:00 pm
It means the recipient is ignoring you, LOL.
Well, in the case that I am thinking about, I was the ignorer...
by delamer
Thu Aug 09, 2018 10:02 pm
Forum: Forum Issues and Administration
Topic: Private Messages stuck?
Replies: 8
Views: 416

Re: Private Messages stuck?

Miriam2 wrote:
Thu Aug 09, 2018 9:57 pm
delamer wrote: If I delete a PM sent to me without opening it, will it move to the sender’s Sent folder?
Let's do a test - I'll send you a PM, you don't open it but delete it, I'll check my Sent File - and we'll report back to the boss :D

Edit - done at 10:58 eastcoast time 8-)
Done!
by delamer
Thu Aug 09, 2018 9:51 pm
Forum: Forum Issues and Administration
Topic: Private Messages stuck?
Replies: 8
Views: 416

Re: Private Messages stuck?

If I delete a PM sent to me without opening it, will it move to the sender’s Sent folder?
by delamer
Thu Aug 09, 2018 9:44 pm
Forum: Personal Consumer Issues
Topic: Device to listen to while exercising?
Replies: 23
Views: 1625

Re: Device to listen to while exercising?

My husband uses an iPod Shuffle.

They have been discontinued by Apple, but can still be found on Amazon.
by delamer
Thu Aug 09, 2018 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have a friend/family who you think is making a financial mistake?
Replies: 7
Views: 781

Re: Do you have a friend/family who you think is making a financial mistake?

Neighborhood friends in their early 60’s with a ton of mortgage and student loan debt. They are hanging onto a house that they have said that they can’t afford long-term, when houses in our area are selling quickly and for prices higher than before the Great Recession. They plan to move to a lower c...
by delamer
Thu Aug 09, 2018 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Lazy Investment Porfolio Help
Replies: 17
Views: 1609

Re: Lazy Investment Porfolio Help

Why did you decide to invest in a brokerage account rather than pay down your debt?
by delamer
Thu Aug 09, 2018 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on current retirement investing plan
Replies: 5
Views: 559

Re: Advice on current retirement investing plan

If you have $100,000 in expenses and expect to receive $50,000 in Social Security and/or pension benefits (for example), then you will need to take $50,000 from your savings to cover your expenses. I recommend that you become familiar with the concept of “safe withdrawal rates” as it relates to your...
by delamer
Thu Aug 09, 2018 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Advice on current retirement investing plan
Replies: 5
Views: 559

Re: Advice on current retirement investing plan

Sounds like you are indeed on the right track, given your excellent savings habits. Ultimately, though, the true test of whether you are in FIRE status is how the income you can generate from savings compares to your expenses. Even if someone can generate $1 million in income, if their expenses are ...
by delamer
Thu Aug 09, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 8879

Re: Biggest Threats to Financial Well-Being

A spouse with very different attitudes toward spending, saving, and investing.
by delamer
Thu Aug 09, 2018 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Seeking Words of Wisdom
Replies: 4
Views: 525

Re: Seeking Words of Wisdom

We also have about 20% in cash, at about the same age, but almost all of the rest of our portfolio is in equities.

In other words, we have very little exposure to bonds.

I prefer to take risk in equities rather than bonds.

And it does make sense to have a few years of expenses in cash.
by delamer
Thu Aug 09, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisor
Replies: 11
Views: 785

Re: Vanguard Advisor

Are there CDs now that pay 3%?

How long do you need to tie up your cash to get that rate?
by delamer
Wed Aug 08, 2018 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Huge mortgage mistake
Replies: 58
Views: 8330

Re: Huge mortgage mistake

Are you willling to put more cash into the house?
by delamer
Wed Aug 08, 2018 10:19 pm
Forum: Investing - Theory, News & General
Topic: If it were March, 2000, would you still allocate 50% to Stocks?
Replies: 94
Views: 4247

Re: If it were March, 2000, would you still allocate 50% to Stocks?

Over the last 120 years, Buy-n-Holders stock investments fell by 50%, 60%, 70%, 80% respectively on four separate occasions. Despite assurances that markets always recover sooner-or-later, following these crashes they had to wait 13, 14, 19 and 20 years just to break-even with their previous purcha...
by delamer
Wed Aug 08, 2018 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: Huge cost of ETF dividend reinvestment and what to do?
Replies: 3
Views: 332

Re: Huge cost of ETF dividend reinvestment and what to do?

You can do an in-kind transfer of the ETFs to a Vanguard brokerage account.

Or you could not reinvest the dividends and out them in a money market account.
by delamer
Wed Aug 08, 2018 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Loan Help
Replies: 11
Views: 779

Re: TSP Loan Help

Earl Lemongrab wrote:
Wed Aug 08, 2018 4:40 pm
How recently? This year? There are new laws concerning loan repayment.
I don’t think the new law pertains to the TSP.
by delamer
Wed Aug 08, 2018 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Please critique retirement plan
Replies: 16
Views: 976

Re: Please critique retirement plan

I do think you are on the right track with your initial analysis, but when the survivor will take a big hit in SS/pension that needs to be reflected in the plan. Keep in mind, too, that while some expenses will go down, income tax rates for single people are higher at comparable levels of income (r...