Search found 2461 matches

by Leif
Fri Sep 21, 2018 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Still haven't made sense of this 50-50 AA situation
Replies: 9
Views: 1122

Re: Still haven't made sense of this 50-50 AA situation

I'm using the same 50/50 AA as you. I'm doing Roth conversions to move equities into Roth. I don't expect to get to the "pure" stock/bond division as you. However, if I did I would be less concerned about the precise AA. My bonds have both short and intermediate term. But, looking at VBMFX (Vanguard...
by Leif
Fri Sep 21, 2018 5:42 pm
Forum: Investing - Theory, News & General
Topic: For those who use a 2 year cash(like) buffer, how do you know when to use it?
Replies: 45
Views: 2995

Re: For those who use a 2 year cash(like) buffer, how do you know when to use it?

I've been retired for about 1 year. I have a cash buffer of approximately 1-2 years of expenses not covered by my income. Much of that is to cover taxes on Roth conversions. Taxes (Roth conversion, property, other income) is by far my biggest expense. Next on my expense list is medical. I have a 5 y...
by Leif
Thu Sep 20, 2018 3:21 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 205
Views: 13336

Re: What is your single most expensive mistake?

Commodity futures. It was insurance that was not needed. TIPS would have been much less expensive insurance against inflation.
by Leif
Wed Sep 19, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 3016

Re: What's the best early retirement strategy for us?

I got an early start in planning for retirement. I was 24 when I went to a retirement class offered by my employer Everyone else in the class had gray hair. So, it is hard to advise you. The only advice I have to offer is save as much as possible and frequently check in on this website.
by Leif
Sat Sep 15, 2018 2:42 pm
Forum: Personal Consumer Issues
Topic: Should I get a new iPhone?
Replies: 43
Views: 3492

Re: Should I get a new iPhone?

WhiteMaxima wrote:
Fri Sep 14, 2018 1:42 pm
Assuming you are seniors, you get two line unlimited data $50 tax included.
I just signed up for that 55+ plan. It cost me $70 for two lines. How can I get it for $50?
by Leif
Sat Sep 15, 2018 2:34 pm
Forum: Personal Consumer Issues
Topic: Should I get a new iPhone?
Replies: 43
Views: 3492

Re: Should I get a new iPhone?

I also have a 6 Plus. I'm waiting for 5G to buy a new phone. My battery is at 84%. I will be replacing my battery for $29 so it will last me a few more years.
by Leif
Sat Sep 15, 2018 11:55 am
Forum: Personal Consumer Issues
Topic: Should I sell my MacBook pro?
Replies: 18
Views: 1547

Re: Should I sell my MacBook pro?

I love my 2014 MBP. I use it everyday. But if you don't use it you probably should sell it.
by Leif
Thu Sep 13, 2018 2:14 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1051
Views: 81984

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Not that I would ever do it, but this seems like a good buying situation for commodities. Right, the last 10 years were constant buying opportunities as well. I remember a post several years ago were someone decided to buy more since it was a buying opportunity. Perhaps one day it will be true. I t...
by Leif
Thu Sep 13, 2018 1:17 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1051
Views: 81984

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Also, I think Commodities have been the real disater! :shock: Tell me about it! I was a long time holder of commodities at 5% of my portfolio. Larry S. tells me I should have been a holder of LT bonds at the same time. Well, I was not. Fortunately, I was not rebalancing the commodity part. When I s...
by Leif
Tue Sep 11, 2018 1:44 pm
Forum: Investing - Theory, News & General
Topic: Barron's--Vanguard Is Losing Battles on Two Fronts in Fee Wars
Replies: 53
Views: 4570

Re: Barron's--Vanguard Is Losing Battles on Two Fronts in Fee Wars

Vanguard now has commission-free trading on 1,800 ETFs, so its not like nothing good is happening there. As a Vanguard mutual fund owner I'm not sure I like that. Who is paying for all this trading? Are enough people buying Vanguard ETFs that they make up the cost of the free trading for all 1,800 ...
by Leif
Sun Sep 09, 2018 6:47 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 737
Views: 70013

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

passiveTiger wrote:
Mon Aug 20, 2018 4:17 am
VMRXX would be the comparable (but not institutional) Vanguard fund available to individuals with a 0.10% ER and a YTD of 1.15%. $5,000 minimum.
VMRXX has a $5,000,000 minimum. The investor class, VMMXX, has a $3,000 minimum, and an ER of 0.16%
by Leif
Tue Sep 04, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Which do I pick? Roth 401(k) or Traditional 401(k)?
Replies: 26
Views: 1672

Re: Which do I pick? Roth 401(k) or Traditional 401(k)?

I agree with the Roth. Given your age and that you are at the beginning of your earnings curve, a Roth makes more sense. Particularly given the relatively low federal income tax rates. When your salary moves up or if tax rates increase, you can revisit that decision. As a person with more in a tIRA...
by Leif
Mon Sep 03, 2018 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Which do I pick? Roth 401(k) or Traditional 401(k)?
Replies: 26
Views: 1672

Re: Which do I pick? Roth 401(k) or Traditional 401(k)?

I agree with the Roth. Given your age and that you are at the beginning of your earnings curve, a Roth makes more sense. Particularly given the relatively low federal income tax rates. When your salary moves up or if tax rates increase, you can revisit that decision. As a person with more in a tIRA ...
by Leif
Sun Sep 02, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Earn 1.5% on your checking account without the usual hoops (at Fidelity)
Replies: 64
Views: 7124

Re: Earn 1.5% on your checking account without the usual hoops (at Fidelity)

UpperNwGuy wrote:
Sun Aug 05, 2018 8:46 am
The third call will be the tie-breaker! :)
Yes, Private Client gets their ATM fees reimbursed. The amount of fee reversed is limited, maybe $50 or $75/year, but I recall it is more than I expected to need.
by Leif
Sat Sep 01, 2018 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: What are your goals when you change your bond funds?
Replies: 36
Views: 2304

Re: What are your goals when you change your bond funds?

I see the yield curve flattening and I'm changing how I handle new investments. Instead of moving funds into the 5 Yr CDs I'm moving new funds into 2/3 year brokerage CDs.
by Leif
Tue Aug 28, 2018 10:20 am
Forum: Investing - Theory, News & General
Topic: Ultimate Buy and Hold - 8 slices vs 4
Replies: 733
Views: 330980

Re: Ultimate Buy and Hold - 8 slices vs 4

Be aware that some people will pick a certain time frame, instead of using the longest possible time frame, to promote their argument. It is known as cherry picking. The charts at the beginning of this post goes back to 1970, not 10 years. 1970 since that is when data for international is more readi...
by Leif
Mon Aug 27, 2018 12:59 am
Forum: Investing - Help with Personal Investments
Topic: Which emerging markets fund should I use?
Replies: 8
Views: 638

Re: Which emerging markets fund should I use?

Not sure if this is for taxable or tax preferred account.

You can check out Fidelity's FPMAX. Its ER is 0.08% with no minimum amount. It has been very tax efficient.
by Leif
Sun Aug 26, 2018 12:37 pm
Forum: Investing - Theory, News & General
Topic: 2000-2018 retirement - sequence of returns
Replies: 153
Views: 13335

Re: 2000-2018 retirement - sequence of returns

Thanks. I think this post needs to get a little more love than it has. This shows that 100% stock is the "safer" bet to me. Remember this is not yearly returns. It is over an 18 year overlapping cycle for each data point. A lot can happen within that 18 years, particularly if you are making withdra...
by Leif
Sat Aug 25, 2018 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: Move some over to Fidelity ZERO ?
Replies: 23
Views: 1786

Re: Move some over to Fidelity ZERO ?

\ Very interesting, Leif, thanks a bunch ! Didn’t know that, so in your opinion you’d recommend keeping the Vanguard total International !? Sorry, am a little tired and not THAT financially fluent, but you see a place for Vanguard total international in a Roth too ? (I.e. , did you mean a benefit t...
by Leif
Sat Aug 25, 2018 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Move some over to Fidelity ZERO ?
Replies: 23
Views: 1786

Re: Move some over to Fidelity ZERO ?

I would not want to lose international small caps exposure in a tax deferred account. Small caps give you the best international diversification since it is not as closely tied to want is happening in the US. Taxable account is another story. I'm thinking about the international zero in the taxable ...
by Leif
Fri Aug 24, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: 2000-2018 retirement - sequence of returns
Replies: 153
Views: 13335

Re: 2000-2018 retirement - sequence of returns

For the 50/50 are you taking the spend from bonds, or an equal dollar amount from each class, or a % from each class? Equal from each class. You're correct that if one pulled from the better performing asset, it would change the numbers and probably make the 50/50 portfolio look better. It would ce...
by Leif
Fri Aug 24, 2018 12:48 pm
Forum: Investing - Theory, News & General
Topic: 2000-2018 retirement - sequence of returns
Replies: 153
Views: 13335

Re: 2000-2018 retirement - sequence of returns

For the 50/50 are you taking the spend from bonds, or an equal dollar amount from each class, or a % from each class based on class size?
by Leif
Thu Aug 23, 2018 11:12 am
Forum: Investing - Help with Personal Investments
Topic: What to do with cash in this market?
Replies: 34
Views: 3253

Re: What to do with cash in this market?

I know some suggest to use a Roth as an emergency fund or piggy bank. I think that is rather inefficient. I would rather keep the money I needed for cash flow in a taxable account and reserve the Roth for equities, since they have the highest expected return. Do you have a traditional IRA or 401k (o...
by Leif
Mon Aug 20, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Retirees: Timing your withdrawals
Replies: 40
Views: 3698

Re: Retirees: Timing your withdrawals

As needed. I try to keep checking in the range of a couple of months of expense. Retired, but not yet on SS.
by Leif
Sat Aug 18, 2018 11:18 am
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 21521

Re: "Don't Obsess About Expense Ratios"

I am thinking that your ability to pay off the credit card in full is likely better than the average person. We may not be the targets of the marketing for these funds. Zero expense and no minimum is likely aimed at a different target. I am glad you have been treated well at Fidelity, and I am cons...
by Leif
Sat Aug 18, 2018 11:05 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1051
Views: 81984

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

No place like home? That brings me to the contention that U.S. stocks are both safer and sure to outperform over the long term. I find this bizarre. Remember, these comments are coming from folks who have drunk the Kool-Aid, accepted that markets are efficient and banked their life’s savings on inde...
by Leif
Sat Aug 18, 2018 9:38 am
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 21521

Re: "Don't Obsess About Expense Ratios"

Anyone that thinks there wont be sales pitches is kidding themselves. Perhaps your experience is different, but I've not received any sales pitches from Fidelity. I've been with Fidelity for over 30 years. I have no reason to think they will start now. Per Jonathon Clements recent article: Instead,...
by Leif
Tue Aug 14, 2018 10:48 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1051
Views: 81984

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

I felt the same way about commodities. I started out with about 5% of the portfolio. Over the years it dropped about 70%. I finally dumped it. I figured it could reverse or not, but 5% (at that time 2%) will not make much difference in any case. International is different. International is 50% of th...
by Leif
Sat Aug 11, 2018 7:31 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 21521

Re: "Don't Obsess About Expense Ratios"

dwickenh wrote:
Sat Aug 11, 2018 11:09 am
Anyone that thinks there wont be sales pitches is kidding themselves.
Perhaps your experience is different, but I've not received any sales pitches from Fidelity. I've been with Fidelity for over 30 years. I have no reason to think they will start now.
by Leif
Fri Aug 10, 2018 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Multiple tIRA accounts-- any reason to not consolidate?
Replies: 17
Views: 1305

Re: Multiple tIRA accounts-- any reason to not consolidate?

If your tIRA is from a company rollover that may make a difference. Some companies allow you to take funds from a previous company and move them to the new company's 401(k) or equivalent. To do that you need to keep the old company's funds separate from other IRA funds. That is the reason I was give...
by Leif
Fri Aug 10, 2018 8:08 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 21521

Re: "Don't Obsess About Expense Ratios"

He's so right. I'm almost afraid that this zero expense ratio thing might be a bait and switch. Can you give us a single example from the last 50 years of a brokerage who has engaged in bait and switch by lowering ERs only to later increase them? Vanguard. But I would not call it bait and switch. M...
by Leif
Fri Aug 10, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 195
Views: 17768

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Given the factors I mentioned in the last post, I wonder how useful this calculator is? It might lead to more confusion than clarity for most people, and might lead to some people taking SS earlier than would be best for them. What it calculates is just one minor part of the info to be considered w...
by Leif
Thu Aug 09, 2018 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 32
Views: 2807

Re: keep cash in after-tax for bridge to Social Security ?

I've got a whopping big after-tax CD maturing in October. If I decide to buy equities with it, I'd need to sell some in tax-deferred (to maintain my AA). But I don't have any equities in my TIRA (aka. TIAA-CREF RA), so I'd have to sell some in my Roth. And I'm not sure that makes sense. I agree wit...
by Leif
Wed Aug 08, 2018 10:30 am
Forum: Investing - Theory, News & General
Topic: Where to Hold TIPS?
Replies: 20
Views: 1706

Re: Where to Hold TIPS?

States are free to tax the dividends produced by RICs in any way they see fit. And some states have rather peculiar rules in that regard (see NY, CA, maybe others). Although I don't have a TIPS fund in taxable, this is all news to me. I tried a search, but could not find anything specific, like a t...
by Leif
Tue Aug 07, 2018 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 32
Views: 2807

Re: keep cash in after-tax for bridge to Social Security ?

By "moving equities into tax-deferred", you mean if you're forced to sell equity in after-tax, at low prices, for spending needs, and then you rebuy it in tax-deferred so as not to have had a net loss in equity (and to keep your AA on target) ? Yes. The proposal was to keep equities in taxable and ...
by Leif
Tue Aug 07, 2018 12:04 am
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 21521

Re: "Don't Obsess About Expense Ratios"

Cost matters.
Jack Bogle wrote: The grim irony of investing, then, is that we investors as a group not only don't get what we pay for, we get precisely what we don't pay for. So if we pay for nothing, we get everything.
by Leif
Mon Aug 06, 2018 1:19 pm
Forum: Investing - Theory, News & General
Topic: Where to Hold TIPS?
Replies: 20
Views: 1706

Re: Where to Hold TIPS?

I hold VTIP (Vanguard Short term TIPS) in my tIRA. I would not hold in my Roth since that is for my higher expected return assets (equities). Since I'm in a high tax state I would consider VTIP for my taxable. However, I prefer to hold equities due to the taxable advantage in qualified dividends, LT...
by Leif
Sun Aug 05, 2018 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity charges to close accounts!
Replies: 81
Views: 28865

Re: Fidelity charges to close accounts!

I just got hit with a $50 fee for rolling a Fidelity 401k ($70k or so in there) into a new Fidelity rollover IRA (done online). No mention of it while setting the IRA up, which is annoying. I have a feeling that a quick call will get it resolved, but any other advice on how to do it the quickest? I...
by Leif
Mon Jul 30, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Retirees: how much cash?
Replies: 61
Views: 6642

Re: Retirees: how much cash?

73% equities, 26.6% bonds, 0.4% cash. I have always kept a minimal amount in cash. Cash is not bad these days compared to bonds, but I won't be moving any money there. Some have enough income from taxable (dividends & capital gains, rental income, interest, pensions, annuities, SS) to keep the ligh...
by Leif
Sun Jul 29, 2018 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 32
Views: 2807

Re: keep cash in after-tax for bridge to Social Security ?

... or game the system by buying something that's similar enough but not "substantially identical". The is very common in TLH. You may sell TSM and buy S&P500 for example. What would bother me is moving more equities into my tax deferred. As I look to RMDs I want the higher expected return assets o...
by Leif
Sun Jul 29, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Retirees: how much cash?
Replies: 61
Views: 6642

Re: Retirees: how much cash?

Leif: I have a CD (5 year) ladder in which two CD's mature per year. One around the beginning of the year, and one in the middle of the year. I count my CD's as cash because of my ability to decide when they mature, if I want to use that money or put it back into another CD because I don't need it ...
by Leif
Sun Jul 29, 2018 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Retirees: how much cash?
Replies: 61
Views: 6642

Re: Retirees: how much cash?

Cash is one part of my portfolio that I don't think of in terms of % of portfolio, tho' I have that stat. Cash I think of in terms of cash flow and time. People think of cash in different ways. To me cash is immediately spendable without selling and no risk of market loss. That is primarily money ma...
by Leif
Fri Jul 27, 2018 9:52 pm
Forum: Personal Consumer Issues
Topic: Suggest an electric car: Volt? Alternative?
Replies: 49
Views: 4079

Re: Suggest an electric car: Volt? Alternative?

I'm not really a fan of hybrids since you get all the maintenance headaches. Below is a link to a video of low cost EVs. If you are in a cooler part of the country then a Leaf may be a good choice. I understand with new/improved models that came out recently and a new model soon, a used car can be p...
by Leif
Thu Jul 26, 2018 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 32
Views: 2807

Re: keep cash in after-tax for bridge to Social Security ?

I've setup cash and CDs to last me until 70 when SS and RMDs kick in. Just as you are thinking. Stocks should be for investing for goals with a 10+ year time horizon. Certainly not the case here. If you are in a particularly high tax bracket you could look for Muni money markets and short term muni ...
by Leif
Thu Jul 19, 2018 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Heresy: Is It Worth Converting tIRAs to Roth?
Replies: 46
Views: 4659

Re: Heresy: Is It Worth Converting tIRAs to Roth?

None of us know the tax rates in the future. But we do know that under current law taxes will go back up to the pre-2018 levels. Extended or not, again we don't know. My tax brackets are similar to the OP. I recently retired. I've decided I want to take advantage of the current tax rates. So I'm con...
by Leif
Sun Jul 15, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 9795

Re: What rate of return are you using for retirement projections?

I use Mr. Bogle's projections for the next 10 years from the Bogleheads conference. From the October 2017 conference the projection. Wiki - Historical and expected returns Ten-Year Expected Long Term Nominal Returns (2017) Asset Class Expected Nominal Return U.S. Stocks (broad market) 4% U.S. Bonds ...
by Leif
Sat Jul 14, 2018 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30586

Re: Vanguard Municipal Money Market VMSXX 1.39%

Yes I’ve switched to prime again. I think I’m going to stick with it because the yield is stable and only going up. 2.05% is competitive with the best non risk liquid yields. I came to the same conclusion last cycle. Now I'm in the Treasury fund (has the best TEY for me). Even though Kevin's spread...
by Leif
Wed Jul 11, 2018 6:07 pm
Forum: Investing - Theory, News & General
Topic: Bucket Portfolio article by Christine Benz
Replies: 85
Views: 6859

Re: Bucket Portfolio article by Christine Benz

A bucketeer thinks his strategy is superior because he is betting that the really bad scenario (10 years or more of bear market) won't happen. He will truly be in a world of hurt if his bet does not pan out. :( BobK i don't believe you will get Christine to agree that she "is betting that the reall...