Search found 2941 matches

by SGM
Sat Jun 22, 2019 10:32 am
Forum: Personal Investments
Topic: Vanguard transition
Replies: 12
Views: 1781

Re: Vanguard transition

I don't care for change and it looks like I will have to upgrade/transition soon. I have been a Vanguard customer for over 30 years. I have had other brokerage accounts and still do. Maybe I will move accounts out of Vanguard. The website has been getting less user friendly in my view.
by SGM
Fri Jun 21, 2019 10:07 am
Forum: Investing - Theory, News & General
Topic: IRA w/o deduction - Why?
Replies: 7
Views: 503

Re: IRA w/o deduction - Why?

During most of my working years I was unable to deduct an traditional IRA. Over 40 years of working my traditional IRAs and my 401ks grew significantly. After 2010 when the law changed so that one could convert to Roth IRAs regardless of income, I looked into future conversions. We converted after r...
by SGM
Fri Jun 21, 2019 7:49 am
Forum: Investing - Theory, News & General
Topic: The problem in retirement we rarely discuss [what to do with stock funds]
Replies: 55
Views: 4951

Re: The problem in retirement we rarely discuss [what to do with stock funds]

I have donated some stock with large capital gains. We sell a little bit each year. The only capital losses we have are shorter term muni bond funds and foreign funds. These losses are small. So slowly we are increasing our bond funds and decreasing long held individual stocks. We would do the same ...
by SGM
Thu Jun 20, 2019 8:25 am
Forum: Investing - Theory, News & General
Topic: Against the Clock - Robert Merton & the Economist's Buttonwood
Replies: 10
Views: 1221

Re: Against the Clock - Robert Merton & the Economist's Buttonwood

I agree that pensionizing 401ks should offer protection for stock losses in the early years of retirement. One should protect oneself with disability insurance until you can self insure. Certainly a 50% stock downturn would be devastating to those with high stock allocations unless they have very la...
by SGM
Wed Jun 19, 2019 1:11 am
Forum: Investing - Theory, News & General
Topic: Can't contact VG & "Your account information is temporarily unavailable"
Replies: 25
Views: 949

Re: Can't contact VG & "Your account information is temporarily unavailable"

I was unable to log in without calling a non-Vanguard brokerage twice within 3 business days due to hacking attempts. No money was lost, but hackers were using current user IDs. The rep told me to not just change my password, but also change my user ID. The brokerage was receiving thousands of hacki...
by SGM
Mon Jun 17, 2019 3:10 am
Forum: Personal Investments
Topic: TIRA to Roths? help Please
Replies: 104
Views: 3479

Re: TIRA to Roths? help Please

If your conversion is a break even proposition over the long haul then convert. At the immediate time of conversion you have the same buying power when you pay the taxes out of your taxable account. This is something that even accountants do not fully comprehend. One thing to consider is that if one...
by SGM
Sun Jun 16, 2019 4:34 pm
Forum: Personal Investments
Topic: Has anyone recently transferred shares from Computershare to Vanguard?
Replies: 13
Views: 1615

Re: Has anyone recently transferred shares from Computershare to Vanguard?

I had Computershare give me all shares as stock certificates. I don't know if they do that anymore. I always kept good records of the dividends I received each year and any purchases I made in that year. I kept the last statement of the year for each company. So I never had a problem determining my ...
by SGM
Sat Jun 15, 2019 4:00 am
Forum: Personal Investments
Topic: Starbucks; buy, sell, hold?
Replies: 41
Views: 3208

Re: Starbucks; buy, sell, hold?

I find that Starbucks is often the only place open where I can get a quick snack or lunch on a Sunday in certain city neighborhoods. It is also a meeting place for lots of people and opens earlier in the am then most meeting places. The lines later in the day on the NJ turnpike are huge any day of t...
by SGM
Mon Jun 10, 2019 2:51 am
Forum: Investing - Theory, News & General
Topic: Market up because of rate cut expectation - why ?
Replies: 21
Views: 2786

Re: Market up because of rate cut expectation - why ?

The Fed doesn't have much to work with in rate cuts because currently the prime rate is fairly low. Lower borrowing rates tends to help business and stock prices. Often good news and bad news can affect the stock market in unexpected ways. If the economic and financial news is considered too good th...
by SGM
Sun Jun 09, 2019 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 18735

Re: Paying for rent is throwing away money...myth?

I lost a little money on my first house as I moved sooner than I expected because of a great job opportunity. I later bought in a relatively hcol area and sold my second house 3 years later for almost double what I paid for it. My Dad sold his house after living in it for 50 years and the profits wo...
by SGM
Sat Jun 08, 2019 2:51 pm
Forum: Investing - Theory, News & General
Topic: Investing Techniques For People Approaching Retirement In This Aging Bull Market
Replies: 35
Views: 5249

Re: Investing Techniques For People Approaching Retirement In This Aging Bull Market

In 40+ years of investing I have never written a stop loss order. Taxes are important to me and one my largest expenses. I try to limit income tax by keeping capital gains to a minimum. We don't have the added tax burden of RMDs because we converted all traditional accounts to Roth accounts. I don't...
by SGM
Sat Jun 08, 2019 9:43 am
Forum: Investing - Theory, News & General
Topic: The logical fallacy behind "Bonds Are For Safety"
Replies: 248
Views: 15443

Re: The logical fallacy behind "Bonds Are For Safety"

I don't think I want to purchase EDV as it holds very long term treasuries. I have some total bond market in my Roth accounts and several muni bond funds in my taxable account. I don't have a problem that the majority of my risk is in my stock allocation. It is an interesting topic, but I won't be c...
by SGM
Fri Jun 07, 2019 3:04 pm
Forum: Personal Investments
Topic: very concerned about stock and bond movement
Replies: 26
Views: 2047

Re: very concerned about stock and bond movement

There seem to be a lot more posts about fear of market volatility recently. I don't think the market is any more dangerous than it has been in the past. I am comfortable with market volatility because I have saved a lot and can live in retirement with low withdrawal rate. I also planned to have othe...
by SGM
Thu Jun 06, 2019 7:44 pm
Forum: Personal Investments
Topic: This market just scares me...
Replies: 43
Views: 4172

Re: This market just scares me...

Making investment decisions based on emotions is foolish. At 39 I was happy when the market was down as I was investing automatically in a 401k, purchasing an IRA in January and investing in taxable if I had money left over. Anything I didn't need for an upcoming purchase was in stocks. Somehow I di...
by SGM
Thu Jun 06, 2019 3:54 pm
Forum: Investing - Theory, News & General
Topic: How do you talk to investment advisors socially?
Replies: 31
Views: 2044

Re: How do you talk to investment advisors socially?

We have a friend coming over tonight who is a financial advisor. She knows we are successful investors and she wouldn't try to recruit us as clients. She manages the trusts of two extended family members who are incapable of handling investments or land. She keeps them both out of trouble and we hop...
by SGM
Mon Jun 03, 2019 3:27 pm
Forum: Investing - Theory, News & General
Topic: You May Never See Your Grandchildren Again
Replies: 83
Views: 13971

Re: You May Never See Your Grandchildren Again

This reminds me of a conversation I had with a cousin-in-law a few years ago. I shouldn't have mentioned to him that I was delaying SS until 70 and converted my traditional accounts to Roth accounts while retired and waiting to receive my delayed SS. He insisted I made a big mistake that would only ...
by SGM
Mon Jun 03, 2019 8:27 am
Forum: Personal Finance (Not Investing)
Topic: What personal finance metrics do you track?
Replies: 44
Views: 3356

Re: What personal finance metrics do you track?

I have been withdrawing for almost 5 years. I keep track of total portfolio value. Yearly I update our non-portfolio income streams as some have a cost of living adjustment. We discuss any large purchases, but have never had a formal budget. I don't keep track of the value of real estate holdings as...
by SGM
Sun Jun 02, 2019 4:53 pm
Forum: Personal Investments
Topic: Delay Social Security?
Replies: 35
Views: 3355

Re: Delay Social Security?

The reasons to not delay SS are that you need the money now or you are in poor health. I was listening to the "financial quarterback" for the first time while on a long distant drive. He reminded me of the reasons I delayed SS while doing Roth conversions after I retired. He was giving away a book b...
by SGM
Sun Jun 02, 2019 4:43 pm
Forum: Personal Investments
Topic: Do you regret taking a pay cut for quality of life?
Replies: 68
Views: 7369

Re: Do you regret taking a pay cut for quality of life?

During my working years I quit two different jobs to go back to school and work part time for a few years. Each time I ended up with much higher income and new and interesting challenges. Recently I discovered that my rather obscure 38 year old master's research thesis has been chosen to be availabl...
by SGM
Sat Jun 01, 2019 10:54 am
Forum: Investing - Theory, News & General
Topic: Does one need a bank account anymore?
Replies: 60
Views: 4289

Re: Does one need a bank account anymore?

We like to have cash to carry around and the bank is conveniently located. I would rather use checks from a local bank than from an investment account and use a safety deposit box. We have occasional need for a signature guarantee or a notary which are all available for free at the local bank. ACH t...
by SGM
Thu May 30, 2019 8:38 am
Forum: Investing - Theory, News & General
Topic: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.
Replies: 135
Views: 12013

Re: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.

We are 60/40 now that I am retired for almost 5 years. I don't include real estate in those numbers. If I included real estate we could be less than 50/50. We have a low withdrawal rate due to non-portfolio income. There is some real estate that we no longer need which we may sell in the next five y...
by SGM
Thu May 30, 2019 5:31 am
Forum: Personal Consumer Issues
Topic: Port Townsend-Pacific Northwest
Replies: 33
Views: 2567

Re: Port Townsend-Pacific Northwest

We thoroughly enjoyed our stay in Port Townsend on an extended business trip to Seattle. We lived in Houston for several years and getting away from the summer heat was always a treat. For what its worth: A chemist friend from Houston was ecstatic when he transferred to Anacortes. An artist and univ...
by SGM
Tue May 28, 2019 3:20 am
Forum: Investing - Theory, News & General
Topic: What goes wrong after index enlightenment
Replies: 41
Views: 5235

Re: What goes wrong after index enlightenment

Good post Rick. I started out with individual stocks many years ago and don't want to hold them forever. I am stuck with large capital gains so I cannot sell them all. Some will be inherited at a higher basis. It is not awful to have capital gains but requires a plan to deal with them. We have donat...
by SGM
Mon May 27, 2019 4:16 pm
Forum: US Chapters
Topic: MEMORIAL DAY
Replies: 26
Views: 2650

Re: MEMORIAL DAY

Thank you Taylor. We owe so much to all our veterans and to those who gave their lives to protect our liberty. May they never be forgotten.
by SGM
Mon May 27, 2019 12:03 am
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 7281

Re: Rethinking Individual Stocks

I continue to hold a few long held individual stocks because they have large very capital gains. I haven't had any capital losses in individual stocks for quite a few years. I have had the opportunity to tax loss harvest a small amount in internationals funds and muni bond funds recently. I would pr...
by SGM
Sun May 26, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: How does TIAA-CREF work?
Replies: 17
Views: 1644

Re: How does TIAA-CREF work?

TIAA traditional can be annuitized and CREF can be annuitized at least for one long ago employer's plan. The CREF annuity is variable and payments have gone up considerably since annuitizing about 4 years ago. TIAA traditional has gone up each year since annuitizing, but by a smaller percentage. Thi...
by SGM
Sun May 26, 2019 6:09 am
Forum: Investing - Theory, News & General
Topic: Actual Experience as true measure of risk tolerance
Replies: 82
Views: 6287

Re: Actual Experience as true measure of risk tolerance

I lived through several market crashes. The 2008 recession felt worse as it affected real estate prices and stock prices. I had job security, but I saw the effect of low real estate prices put nursing homes into a bind. Those facilities started to emphasize rehab which continued to pay their bills. ...
by SGM
Sat May 25, 2019 3:13 am
Forum: Personal Finance (Not Investing)
Topic: Struggling over how to monetize my TIAA Traditional
Replies: 14
Views: 1058

Re: Struggling over how to monetize my TIAA Traditional

I expect DW to live a long time. I took a joint life payout on my pension and as the higher earner delayed my SS until 70. She took a lifetime TIAA-CREF annuity. I insisted that it be for her own lifetime only as the payout was higher and I am planning based on the odds that she will live longer Exp...
by SGM
Thu May 23, 2019 10:19 am
Forum: Investing - Theory, News & General
Topic: just a general comment about "too conservative" investors here
Replies: 151
Views: 14669

Re: just a general comment about "too conservative" investors here

I have been investing since 1980. As I had a lot of human capital ahead of me I invested aggressively. Fortunately I always had job security and good health. Until I build up my assets I also had disability insurance. Closing in on retirement I started buying bond funds. Now we are close to my goal ...
by SGM
Wed May 22, 2019 2:37 am
Forum: Investing - Theory, News & General
Topic: Delaying social security = harming nest egg?
Replies: 74
Views: 6246

Re: Delaying social security = harming nest egg?

One of the advantages for a couple in delaying SS while doing Roth conversions is that unless both spouses die in the same year one will pay higher taxes as a single person for an unknown number of years. The buying power at the time of conversion when the taxes are paid out of a taxable account is ...
by SGM
Tue May 21, 2019 3:08 pm
Forum: Investing - Theory, News & General
Topic: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion
Replies: 51
Views: 4047

Re: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion

We delayed SS until 70 and made Roth conversions over a period of 5 years. These were two excellent decisions for us. All taxes were paid out of a taxable account. So far both taxable and Roth accounts have grown a lot since I started conversions.
by SGM
Fri May 17, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: How do I value wife's pension?
Replies: 23
Views: 1843

Re: How do I value wife's pension?

When I was deciding to take a pension or a lump sum I looked at the cost of an SPIA on immediateannuities.com. Once the decision was made to take the pension I haven't tried to figure out the current value of the pension. I only think of it as an income stream which means I have to take that much le...
by SGM
Thu May 16, 2019 4:52 pm
Forum: Investing - Theory, News & General
Topic: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion
Replies: 51
Views: 4047

Re: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion

We did not need the money from our tIRA prior to taking SS at 70. We had adequate amounts in our taxable account to pay the taxes and we converted over a 5 or 6 year period. The Roth has continued to grow tax free some of which started in 2010. The taxable account has grown too. We have several non-...
by SGM
Thu May 16, 2019 9:32 am
Forum: Investing - Theory, News & General
Topic: Did you buy the 600+ dip last week ?
Replies: 129
Views: 8324

Re: Did you buy the 600+ dip last week ?

Some friends expect a 50% drop. I have no idea what is going to happen. We do have some extra money coming in and are buying stock and bond funds regularly. Some of the stock purchases came on two down days which is good, but not going to make a big difference. We are retirees and spend less than wh...
by SGM
Thu May 16, 2019 7:34 am
Forum: Personal Investments
Topic: Income stream post retirement.
Replies: 35
Views: 3280

Re: Income stream post retirement.

We have multiple income streams including stock and bond fund dividends, delayed until 70 SS, a TIAA-CREF monthly annuity, small pension and rental income both monthly and yearly. I may add SPIAs when we are older with some cash/bond holdings we have. I have sold some stocks with capital gains, but ...
by SGM
Wed May 15, 2019 2:52 pm
Forum: Forum Issues and Administration
Topic: For how long will the forum be around?
Replies: 94
Views: 7242

Re: For how long will the forum be around?

...until the mountains tumble to the sea.....
by SGM
Wed May 15, 2019 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 6593

Re: Do you reward yourself for achieving a financial goal?

I realize as boomers we are targets of those who want to sell us expensive things and services that are supposed to make our lives better and happier. Any celebration we do is among ourselves or with close friends and family. Milestones are never mentioned other than to ourselves. Every day is full ...
by SGM
Tue May 14, 2019 7:37 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10471

Re: Does your retirement plan work if stocks are flat or in decline for decades?

Yes. We have multiple income streams. I find it hard to believe they would all dry up.
by SGM
Sun May 12, 2019 10:04 am
Forum: Personal Consumer Issues
Topic: Ever Had an Animal Stuck in Chimney? What Did You Do?
Replies: 32
Views: 2087

Re: Ever Had an Animal Stuck in Chimney? What Did You Do?

We had a bird nest in one chimney and a racoon in another. I recently found a 3 foot tall great horned owl standing on the fireplace mantle. I was covered from head to toe with thick clothes and hit it from across the room with a size 15 shoe. The bird fell to the floor and looked at me in shock its...
by SGM
Sun May 12, 2019 9:56 am
Forum: Investing - Theory, News & General
Topic: Charlie Munger_WSJ interview
Replies: 17
Views: 3753

Re: Charlie Munger_WSJ interview

I didn't know much detail about Charlie Munger prior to this interview. I enjoyed his discussion of how he prefers to learn (by reading) and his trial and error design of dormitories. He states there is way too much medical testing and back surgeries. He has seen it from the insurance side. It jives...
by SGM
Sat May 11, 2019 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Continue working for benefit of adult children or retiring earlier?
Replies: 87
Views: 6315

Re: Continue working for benefit of adult children or retiring earlier?

The research I have seen shows that many retirees gift to their grown children. I continued to work after I was financially independent, but only while I enjoyed the work. I was able to cut back my hours quite a bit so free time wasn't an issue. My kids are financially well off so it is not a worry.
by SGM
Thu May 09, 2019 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Why is Social Security pushing retroactive benefits?
Replies: 32
Views: 3753

Re: Why is Social Security pushing retroactive benefits?

A friend of mine had to argue with a SS rep that advised her to take the retroactive 6 month benefit. My friend insisted that she get the age 70 benefit but not without a verbal argument. I believe that some SS reps don't understand the reasons why people would refuse the retroactive option. They ar...
by SGM
Thu May 09, 2019 7:48 am
Forum: Investing - Theory, News & General
Topic: Imperfect market timing still works -- if you stick with it
Replies: 149
Views: 10945

Re: Imperfect market timing still works -- if you stick with it

I have bought a few individual stocks that were very much out of favor, but were over sold. Most of my assets are in low cost index funds held for a long time. I still have individual stocks with large capital gains that prevent me from selling too much in any one year. It is not easy to make money ...
by SGM
Wed May 08, 2019 3:55 pm
Forum: Investing - Theory, News & General
Topic: Is volatility good or bad?
Replies: 27
Views: 1300

Re: Is volatility good or bad?

There are times when an individual stock is priced irrationally both on the up and down side. However, it is difficult to take advantage of irrational pricing. The problem seems to be that many people think it is easy. During accumulation I mostly dollar cost averaged. This was automatic with some c...
by SGM
Wed May 08, 2019 1:40 pm
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 13556

Re: I tried to fire my financial advisor of 12 years today...

I have never had a FA. However, I have had access to the results of close relatives who used an FA and those accounts don't do nearly as well as they could have with a self directed BH approach. It isn't rocket science.
by SGM
Sat May 04, 2019 9:28 am
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 92
Views: 13311

Re: Do you invest in Real Estate ? Why ?

We have some farm property that we rent and income with essentially no effort on our part. Sale proceeds are somewhat capped because the farm is in a farm preserve area. Building would be restricted. We also bought some vacation property at opportune times, but I consider them to be an indulgence no...
by SGM
Sat May 04, 2019 8:58 am
Forum: Personal Investments
Topic: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?
Replies: 62
Views: 4334

Re: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?

I was 100% stock while in the accumulation mode. The key is to keep investing if the market crashes and to not panic sell. Any money you need in the shorter term is better invested in bonds, but I never felt the need for it until close to retirement. A few years prior to retirement I scaled back on ...
by SGM
Sat May 04, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Move to South Florida or Baltimore?
Replies: 29
Views: 2913

Re: Move to South Florida or Baltimore?

One of my children happily lives in Baltimore and loves it. One needs to know the neighborhood crime statistics. I am more concerned about the work location as the charity builds and repairs homes in not so safe neighborhoods. We go to Baltimore occasionally for some excellent meals and activities. ...
by SGM
Fri May 03, 2019 9:12 am
Forum: Investing - Theory, News & General
Topic: How to Think About Money--Should be required reading for Bogleheads
Replies: 14
Views: 3524

Re: How to Think About Money--Should be required reading for Bogleheads

I bought copies of this book for my children. I like to support BH authors, but I have been following this site and others for many years and have attended quite a few national BH and local meetings. I long ago noticed that the purchase of things quickly lose their luster after a while. I do enjoy p...
by SGM
Wed May 01, 2019 5:26 am
Forum: Personal Consumer Issues
Topic: EXTREMELY frugal things from our parents and grandparents
Replies: 110
Views: 9474

Re: EXTREMELY frugal things from our parents and grandparents

Hiring drunks to work the farm which was far from the nearest stores. They worked a few weeks until they had enough money to go on a binge. When they ran out of money they came back to the farm to earn enough for the next binge. The workers never saved a dime and had no vehicles of their own (thank ...