Search found 2547 matches

by am
Sun May 20, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Allocation and reaching retirement goal yrs before retirement
Replies: 4
Views: 298

Re: Allocation and reaching retirement goal yrs before retirement

Not really what you asked, and if you don't want to retire even though you could that's totally fine, but if the only thing stopping you is that you can't get the money out penalty free, do realize that there are ways around that. I don’t want to retire in my mid to late 40s on the bare minimum and...
by am
Sun May 20, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Allocation and reaching retirement goal yrs before retirement
Replies: 4
Views: 298

Allocation and reaching retirement goal yrs before retirement

I’m probably 3-4 yrs away from reaching low range portfolio retirement goal but probably many more (10+) yrs before fully retiring. What I mean is that with 4% swr, pension and SS I will be at low range goal but not nearly old enough (mid 40s) to withdraw money from most of those sources. I’m wonder...
by am
Sun May 20, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Vangaurd Municipal Money Market VMSXX 1.39%
Replies: 65
Views: 5797

Re: Vangaurd Municipal Money Market VMSXX 1.39%

Do you know if sec yield of short term muni is more stable than muni money market? I switched to muni mm at sec yield of 1.55 and now its 1.33 and dropping I do not know. The yield for the Prime Money Market fund has been increasing and is presently 1.86%. Tax equivalent yield of muni mm is 2.24% a...
by am
Sun May 20, 2018 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Vangaurd Municipal Money Market VMSXX 1.39%
Replies: 65
Views: 5797

Re: Vangaurd Municipal Money Market VMSXX 1.39%

How about the Vang. Short term muni fund as a replacement for the money market at high brackets? The yield for short term muni is 1.76% and the price has fluctuated about 1% over the year. There’s also no frequent trading restriction as far as I know. You could do this however this would involve a ...
by am
Sat May 19, 2018 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: International -- VXUS or slice and dice?
Replies: 12
Views: 949

Re: International -- VXUS or slice and dice?

Vxus- total international is more than enough.
by am
Sat May 19, 2018 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Vangaurd Municipal Money Market VMSXX 1.39%
Replies: 65
Views: 5797

Re: Vangaurd Municipal Money Market VMSXX 1.39%

How about the Vang. Short term muni fund as a replacement for the money market at high brackets? The yield for short term muni is 1.76% and the price has fluctuated about 1% over the year. There’s also no frequent trading restriction as far as I know.
by am
Sat May 19, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Insight Card (APY 5%) full personal review
Replies: 41
Views: 4027

Re: Insight Card (APY 5%) full personal review

Just as a FYI since there are some conflicting reporting here, the 5% you earn is ONLY on the $5000. Any interest that you earn will stay in the $5000 saving account, but WILL NOT earn 5% interest on top. There is a reddit post that assure that the interest stays there earn interest. Some people di...
by am
Sat May 19, 2018 3:03 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 201
Views: 41511

Re: "Why 97% of People Don't Use 529 College Savings Plans."

i don't understand why 529 threads always end up being so long. if you can max out your 401k, that alone puts you in the top 90th percentile of americans. add in maxing the IRA, probably bumps your into 95th percentile. add in maxing a HSA (stealth IRA) and yep, you're 97th percentile now. so if yo...
by am
Sun May 13, 2018 2:29 pm
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 2923

Re: Muni bondholders vs. pensions

Be careful about taking comfort in diversification. Underfunded pensions are not isolated to just a few issuers. It's a very widespread issue with varying degrees of severity. I don't know what's going to happen, but I would be far more concerned about a big wave of defaults than a few isolated def...
by am
Sun May 13, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 8641

Re: Does it make sense to rent as a retiree?

How about renting a small house as a compromise? The best of both worlds?
by am
Sat May 12, 2018 11:02 pm
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 2923

Re: Muni bondholders vs. pensions

Of all the bonds in the portfolio of VWITX, a total of 19.6% of the bonds are the nine states on Swedroe's "no buy" list. Illinois alone represents 6.4% of all the bonds in the portfolio. Puerto Rico ( not on Swedroe's list ) represents 0.1%. (Taken from the annual report of Oct, 2017.) I respect L...
by am
Sat May 12, 2018 10:41 pm
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 2923

Re: Muni bondholders vs. pensions

Of all the bonds in the portfolio of VWITX, a total of 19.6% of the bonds are the nine states on Swedroe's "no buy" list. Illinois alone represents 6.4% of all the bonds in the portfolio. Puerto Rico ( not on Swedroe's list ) represents 0.1%. (Taken from the annual report of Oct, 2017.) I respect L...
by am
Sat May 12, 2018 9:07 pm
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 2923

Re: Muni bondholders vs. pensions

Of all the bonds in the portfolio of VWITX, a total of 19.6% of the bonds are the nine states on Swedroe's "no buy" list. Illinois alone represents 6.4% of all the bonds in the portfolio. Puerto Rico ( not on Swedroe's list ) represents 0.1%. (Taken from the annual report of Oct, 2017.) I respect L...
by am
Sat May 12, 2018 4:53 pm
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 2923

Re: Muni bondholders vs. pensions

I give up ... this one has a lot of Illinois bonds also. It's current yield, and past performance are way worse than Vanguard's fund. First, you aren't going to get a lower risk fund with the same yield. You have to decide which is more important. Second, you might want to look at the Illinois bond...
by am
Sat May 12, 2018 4:45 pm
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 2923

Re: Muni bondholders vs. pensions

Baird fund as of March 31st has exposure to Puerto Rico bonds. I thought this was supposed to be the best quality muni fund out there? Mostly aaa, and aa? Illinois and Puerto Rico don’t mix? Edited. I think you have the wrong fund. It’s bmbix. I give up ... this one has a lot of Illinois bonds also...
by am
Sat May 12, 2018 4:32 pm
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 2923

Re: Muni bondholders vs. pensions

Grt2bOutdoors wrote:
Sat May 12, 2018 4:30 pm
Baird fund as of March 31st has exposure to Puerto Rico bonds.
I thought this was supposed to be the best quality muni fund out there? Mostly aaa, and aa? Illinois and Puerto Rico don’t mix?


Edited. I think you have the wrong fund. It’s bmbix.
by am
Sat May 12, 2018 4:22 pm
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 2923

Re: Muni bondholders vs. pensions

I don't know that this is fear mongering. I think pensions have already caused defaults ... the Detroit default was at least partially caused by pension obligations. Detroit was in big trouble without the pension issues. So what if there are some defaults? It’ll be a short term shock. The thousands...
by am
Sat May 12, 2018 3:15 pm
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 2923

Re: Muni bondholders vs. pensions

randomizer wrote:
Sat May 12, 2018 3:12 pm
This worries me but I don’t think the sky will fall this year at least. I’ll worry more as the years go by. Time to switch to 100% stock?
The sky falling in the int. Muni bond fund will mean a 10% loss :D But the yields will go higher so you’ll get your money back eventually.
by am
Sat May 12, 2018 3:08 pm
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 2923

Re: Muni bondholders vs. pensions

It's the type of bonds that matter. Let's say the Illinois courts assign pensions as having the highest protections, the next tier of protections will be assigned to essential services. Owning municipal issues that facilitate those essential services are likely to get more protection than say a sta...
by am
Sat May 12, 2018 2:40 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 139
Views: 23837

Re: Muni Money Market funds starting to look good!

Tax equivalent yield at 32% bracket for Vang muni mm is 2.36% for my state. Still can’t beat that with any money markets or savings am aware of. I’ll stay the course with the muni mm. We’re talking trivial amounts in dollar difference. Here's an updated chart of various bond funds. Lines represent ...
by am
Sat May 12, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 2923

Re: Muni bondholders vs. pensions

This link has a list of percentages of the various Vanguard bond funds and their state muni holding by percentage: https://www.vanguard.com/pdf/ASBST_012018.pdf For example, the Intermediate Term fund has 6.52% of it's assets in Illinois bonds .... It's the type of bonds that matter. Let's say the ...
by am
Sat May 12, 2018 1:08 pm
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 2923

Re: Muni bondholders vs. pensions

This link has a list of percentages of the various Vanguard bond funds and their state muni holding by percentage: https://www.vanguard.com/pdf/ASBST_012018.pdf For example, the Intermediate Term fund has 6.52% of it's assets in Illinois bonds .... It's the type of bonds that matter. Let's say the ...
by am
Sat May 12, 2018 1:04 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 139
Views: 23837

Re: Muni Money Market funds starting to look good!

Tax equivalent yield at 32% bracket for Vang muni mm is 2.36% for my state. Still can’t beat that with any money markets or savings am aware of. I’ll stay the course with the muni mm. We’re talking trivial amounts in dollar difference.
by am
Sat May 12, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Retire Internationally for FIRE
Replies: 78
Views: 8805

Re: Retire Internationally for FIRE

What is the advantage of Fire abroad? Why not just do it somewhere low cost here? Seems like culture shocks, language, lack of social support would remove any advantages?
by am
Fri May 11, 2018 9:36 pm
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 2923

Re: Muni bondholders vs. pensions

When will this doomsday come? Will it be the next financial crisis, bear market, 15 yrs from now? I’ve been hearing this for years and have a small pension in Illinois coming. So far so good. Illinos making their contributions, new workers getting screwed with Tier 2 benefits, and the cash value of ...
by am
Fri May 11, 2018 9:31 pm
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 2923

Re: Muni bondholders vs. pensions

Illinois is fairly unique in terms of the broad constitutional protection offered to public employee pensions. That protection does not exist in most states. That said, the numbers don't really add up for states ever meeting their pension obligations. I've been gradually reducing my muni bond alloc...
by am
Sun May 06, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 8641

Re: Does it make sense to rent as a retiree?

After reading through this thread, biggest downsides for me are possibility of rents going up significantly, for which I say that taxes, insurance, upkeep has also been going up and may price me out of my fixed retiree budget. Noisy annoying neighbors which I have right now but don’t have to share w...
by am
Sun May 06, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 8641

Re: Does it make sense to rent as a retiree?

In addition to aggravation like the above, most people do not consider renting as nice a place to live in as they would for purchase. People sometimes say, well I can sell my 500K house and rent this house in another place that rents for only 1K/month ... look at the savings! But that 1K/month plac...
by am
Sat May 05, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve possible changes
Replies: 14
Views: 1160

Re: Chase Sapphire Reserve possible changes

Anyone know cards that offer travel cancellation insurance of say 5k per person with 10-20k limit per trip without any fees and good rewards on dining and travel?
by am
Sat May 05, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve possible changes
Replies: 14
Views: 1160

Re: Chase Sapphire Reserve possible changes

Can 2 adults and 3 kids access the lounge with one reserve card? I think this depends on the specific lounges. I assume that it depends on the kids' ages. If the kids are very small, it may be ok. If the kids are 16, then I doubt that it will work. This may be helpful. https://www.flyertalk.com/for...
by am
Sat May 05, 2018 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve possible changes
Replies: 14
Views: 1160

Re: Chase Sapphire Reserve possible changes

Can 2 adults and 3 kids access the lounge with one reserve card?
by am
Sat May 05, 2018 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 8641

Re: Does it make sense to rent as a retiree?

Not sure why the OP mentioned how much rent s/he could get for current home in the post. If the plan is to sell the current home, than it does not matter. We are semi-retired and not interested in downsizing or sharing walks with neighbors, and our home is affordable. So while we might buy another ...
by am
Sat May 05, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 8641

Re: Does it make sense to rent as a retiree?

Depending on the state, there are various levels of protection against creditors for your primary residence. Protecting your liquid assets after a sale of your residence is possible, but kind of a pain. Umbrella policy? If your not practicing medicine or something similarly risky, don’t see how tha...
by am
Sat May 05, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 8641

Re: Does it make sense to rent as a retiree?

Real estate is a liability, that can also be an investment... but there are other investment options one can choose. For most people buying real estate is more of consumption decision. In some situations, for some people, it makes sense, and in others it doesn't. I think a house is a consumption it...
by am
Sat May 05, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 310
Views: 63672

Re: Physician Retirement Savings

Okay right when I start understanding some folk mentality then a post like this comes up that makes NO sense. So you want to have 6+ millinon in your 70's for what reason? Do you think you are going to live to 100? That is unlikely to happen so you will be working into your 70's presumably to save ...
by am
Fri May 04, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 8641

Re: Does it make sense to rent as a retiree?

It is a good question and I ponder it myself. I am about 4 years from retirement and have been renting for the last 3 years or so because of uncertainty about how much longer I will be n the area. In my area, buying is a better deal than renting. I am planning to buy a modest condo when I am retire...
by am
Fri May 04, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 8641

Does it make sense to rent as a retiree?

Seems like renting would allow for more flexibility, better control of expenses (no surprise expenses) and lower expenses when you live in pricey areas with high taxes and assessments for condos. Additionally, you could sell your house and have a larger portfolio. Selling my house would yield about ...
by am
Thu May 03, 2018 5:15 pm
Forum: Investing - Theory, News & General
Topic: Retirees Never Had It Better
Replies: 31
Views: 5015

Re: Retirees Never Had It Better

Is average wealth of retirees really 752k? Seems high based on other surveys. Maybe the median is more of what I am used to seeing.
by am
Thu May 03, 2018 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: GBTC dividend reclassified?
Replies: 2
Views: 225

Re: GBTC dividend reclassified?

Your talking about the bitcoin trust etf right? If so maybe it was a fork? There are no dividends, interest, or payments otherwise since it’s a currency.
by am
Sun Apr 29, 2018 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Insights Bank online savings account: 5%
Replies: 5
Views: 943

Re: Insights Bank online savings account: 5%

No catches as long as you ach in to avoid inactivity fees. I fear this account won’t last much longer given all the publicity on the internet.
by am
Sun Apr 29, 2018 2:47 pm
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.60%
Replies: 171
Views: 25594

Re: Ally online savings now at 1.50%

I'm wondering if this rise in muni MM yield can be sustained. Just 2 months ago SEC yield was around 1%. How likely for it to go back to <1% in 2 months? The mm funds track the feds interest rate changes very closely. Not so much with savings accounts which depend more on the generosity of the banks.
by am
Sun Apr 29, 2018 10:52 am
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)
Replies: 180
Views: 33387

Re: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)

BogleMelon wrote:
Sun Apr 29, 2018 9:02 am
1.81% Now Vs Ally 1.50%
I am wondering myself if it worth it to pull the trigger and move my ~$30K from Ally to VMMXX
For 90 bucks difference before taxes a year-not for me,
by am
Sat Apr 28, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Should I change careers?
Replies: 52
Views: 3748

Re: Should I change careers?

Seems to me with 150k expenses and your networth, you can do anything you want with your life.
by am
Sat Apr 28, 2018 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Company has Fidelity...Is Brokeragelink good or bad?
Replies: 27
Views: 1331

Re: Company has Fidelity...Is Brokeragelink good or bad?

I am very thankful for brokerage link. My 401k charges fees but the brokerage link doesnt. Maybe a glitch? Anyone have experience with this?
by am
Sat Apr 28, 2018 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 31139

Re: Those with high savings rate: why?

I am over 75 now. Take my advice and save a little but not too much. If only I had in my 30s what I have now. The testosterone has subsided and the yearning for fast cars and fast women has disappeared. With my time over again I would spend most of what I earned on pleasures. With only 10 or so yea...
by am
Sat Apr 28, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 31139

Re: Those with high savings rate: why?

I am over 75 now. Take my advice and save a little but not too much. If only I had in my 30s what I have now. The testosterone has subsided and the yearning for fast cars and fast women has disappeared. With my time over again I would spend most of what I earned on pleasures. With only 10 or so yea...
by am
Tue Apr 24, 2018 9:49 am
Forum: Investing - Help with Personal Investments
Topic: 5% prepaid card versus int. Muni
Replies: 6
Views: 850

Re: 5% prepaid card versus int. Muni

I am in the process of simplifying my accounts. I set up 5 netspend and 2 insight visa prepaid cards years ago which offer 5% fdic taxable accounts. It takes time to remove the interest accumulated via ach bank transfer and a pain to keep track of all the passwords for the accounts which I have to ...
by am
Tue Apr 24, 2018 8:18 am
Forum: Investing - Help with Personal Investments
Topic: 5% prepaid card versus int. Muni
Replies: 6
Views: 850

Re: 5% prepaid card versus int. Muni

I'm confused by one thing you wrote -- your state bracket doesn't matter for that fund. Regardless the plan is good if you are comfortable with some fluctuation which you probably should be for being in a high bracket and having a multi tier emergency fund. My state makes me pay taxes on muni incom...
by am
Sun Apr 22, 2018 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket using short or Ltd. term muni for EF?
Replies: 19
Views: 847

Re: Anyone in high bracket using short or Ltd. term muni for EF?

Also, I am curious how you calculate the 3.27% TEY. Vanguard's website gives the SEC yield as 2.04% for VMLUX (this is the Admiral share class of limited-term tax exempt). Divide by (1-0.32) and you get 3% TEY. If one is subject to the 3.8% NIIT, that boosts TEY to 3.18%. This differs from your fig...
by am
Sun Apr 22, 2018 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket using short or Ltd. term muni for EF?
Replies: 19
Views: 847

Re: Anyone in high bracket using short or Ltd. term muni for EF?

Yes, use the Vanguard short term muni bond fund for all our cash equivalents, including EF. Have done so for a few years, keep our bank checking account which we use to pay most bills via online billpay with only enough to cover immediate expenses and when need additional funds do ACH transfers fro...