Search found 1570 matches

by 1210sda
Wed May 20, 2020 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Email from Vanguard [for a Retail Investor Group consultation]
Replies: 33
Views: 3418

Re: Email from Vanguard [for a Retail Investor Group consultation]

After further consideration and some of the comments in this conversation I called the Vanguard Fraud line today and asked about the email. The Rep I spoke to told me it is a legitimate email and the Retail Investor Group is an organization within Vanguard. Could you please share the phone number o...
by 1210sda
Sun May 17, 2020 12:52 pm
Forum: Investing - Theory, News & General
Topic: Appreciating the magnitude of Sequence of Returns immediately after retirement
Replies: 115
Views: 5859

Re: Appreciating the magnitude of Sequence of Returns immediately after retirement

Do you see a problem with that? We now have a 100% equity portfolio and a 40/720=5.56% withdrawal rate![/i]" Not sure I understand "Do you see a problem with that?" If you are using say a 4% SWR for 30 years and a $1,000,000 beginning portfolio , you would withdraw $40,000 the first year and increa...
by 1210sda
Fri May 15, 2020 10:46 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 717
Views: 103715

Re: Year 2000 retirees using the '4% rule' - Where are they now?

Willthrill81, I almost fit the profile. I retired at the end of 2001, not 2000. Despite the two rough spots, the early 2000's and the 2007-2008 period, My 60/40, Three fund portfolio, with 5% rebalancing band was over twice as large at the end of 2019 as it was on Jan 1 2002. I used the 4% SWR with...
by 1210sda
Thu May 14, 2020 4:40 pm
Forum: Investing - Theory, News & General
Topic: If “cost” is the #1 reason Active managers lose, why not use Vanguard’s low-cost active funds?
Replies: 61
Views: 3720

Re: If “cost” is the #1 reason Active managers lose, why not use Vanguard’s low-cost active funds?

Ant7 wrote:
Thu May 14, 2020 4:17 pm

Please give me a reasonable explanation of why I should switch it for SP500 index fund in my plan with only 0.02% expense ratio.

The fund is MGRPX
Because going forward, you can be reasonably certain the SP 500 fund will produce the market return, while you can't with MGRPX.
by 1210sda
Sun May 03, 2020 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Suspension of RMD Requirement for 2020
Replies: 11
Views: 1344

Re: Suspension of RMD Requirement for 2020

I made a qualified charitable deduction (QCD) in January (withdrawal for tIRA). Also, I am planning to make the rest of my RMD before the end of this year. Due to the CARES Act suspension of 2020 RMD, is my January QCD still NOT subject to federal tax for the 2020 tax year? What will be the effect ...
by 1210sda
Sun May 03, 2020 11:57 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 717
Views: 103715

Re: Year 2000 retirees using the '4% rule' - Where are they now?

Willthrill81, I almost fit the profile. I retired at the end of 2001, not 2000. Despite the two rough spots, the early 2000's and the 2007-2008 period, My 60/40, Three fund portfolio, with 5% rebalancing band was over twice as large at the end of 2019 as it was on Jan 1 2002. I used the 4% SWR with ...
by 1210sda
Thu Apr 30, 2020 10:26 am
Forum: Investing - Theory, News & General
Topic: ??? Thomas Stanley - Stop Acting Rich book
Replies: 121
Views: 13277

Re: ??? Thomas Stanley - Stop Acting Rich book

The main points that I get from this is: 1. If you have a high income but an even higher level of spending, it's very difficult to accumulate wealth. 2. Certain professions have a built-in pressure to appear affluent. (therefore higher spending) 3. 93% of boating enthusiasts, 36% of vacation home ow...
by 1210sda
Wed Apr 29, 2020 2:44 pm
Forum: Investing - Theory, News & General
Topic: If you believing in Timing the market, Would you reduce equity allocation now?
Replies: 110
Views: 7915

Re: If you believing in Timing the market, Would you reduce equity allocation now?

Bogleheads market time, apparently. That's all 'rebalancing' is This is incorrect. Rebalancing is keeping your risk profile the same. It's reacting to what has already happened, not to what you think will happen in the future. If I'm 50/50 and stocks go up, and I find myself at 60/40, I sell stocks...
by 1210sda
Sat Apr 25, 2020 7:44 am
Forum: Personal Finance (Not Investing)
Topic: RMD waived for 2020. Alternate strategy
Replies: 14
Views: 989

Re: RMD waived for 2020. Alternate strategy

Alan and Gill, thanks for your highly valued input. (thanks to all other posters as well)

Alan, yes, I am planning on doing double QCD's next year. In fact, if it weren't for the concern that my wife or I might need the funds in our waning years, I'd give it all to charity right now.
by 1210sda
Fri Apr 24, 2020 9:25 am
Forum: Personal Finance (Not Investing)
Topic: RMD waived for 2020. Alternate strategy
Replies: 14
Views: 989

Re: RMD waived for 2020. Alternate strategy

Sorry. My goal at my death is to distribute my entire t-ira to charity. That being the case, I don't believe that converting to a Roth this year is beneficial for me. It would mean paying income tax for the converted amount in the year of conversion for no real benefit. I'm just asking if I missed s...
by 1210sda
Fri Apr 24, 2020 9:00 am
Forum: Personal Finance (Not Investing)
Topic: RMD waived for 2020. Alternate strategy
Replies: 14
Views: 989

RMD waived for 2020. Alternate strategy

My strategy is just to take the tax reduction due to my RMD being waived. My ultimate goal for my Trad. IRA is to send 100% to charity when I die. As such, there would not be any income taxes due at the time of distribution. If I were to convert my any part of my waived RMD into a Roth IRA, I would ...
by 1210sda
Thu Apr 23, 2020 4:03 pm
Forum: Personal Investments
Topic: All the upside of the S&P with 10% downside protection "Free"?
Replies: 116
Views: 7854

Re: All the upside of the S&P with 10% downside protection "Free"?

Toolegit... 1)It appears as if the salesman feels that as long as you keep coming back to him for "clarification" and you don't "hang up", he still has a chance to get the sale!! 2) What a wonderful display of the combined wisdom and knowledge of Bogleheads. 3) Also, what a wonderful willingness by ...
by 1210sda
Thu Apr 23, 2020 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 9962

Re: physician/APC pay cuts

Very interesting discussion. I will certainly have more sympathy for my PCP.
by 1210sda
Sun Apr 19, 2020 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off!!
Replies: 71
Views: 10187

Re: Laid off!!

Moneywise, Sorry for what you are going through. Seen it all. 1) A company in our Group had a rah rah meeting in August. They were on the way, upward and onward. By Nov., company closed down completely. 2) I'm retired now (for 19 years). When I left MegaCorp, I told my colleagues who were still ther...
by 1210sda
Fri Apr 17, 2020 7:18 am
Forum: Personal Consumer Issues
Topic: Estimate on a new hvac system. Is it reasonable?
Replies: 60
Views: 4030

Re: Estimate on a new hvac system. Is it reasonable?

Wow, variable speed system, two stage, oversized!

There sure is a lot to consider.

I wonder if a house inspector knows enough about this stuff to consult?
by 1210sda
Wed Apr 15, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 24341

Re: IRS Get My Payment up and running

I just provided the IRS with my bank information at https://www.irs.gov/coronavirus/get-my-payment. I received a refund in 2018, but owed in 2019, so they should have had my bank information from 2018, but they didn't. Just needed SSN, DOB, and address to get in, and then AGI and payment/refund inf...
by 1210sda
Sun Apr 12, 2020 9:28 pm
Forum: Investing - Theory, News & General
Topic: The One-Fund Portfolio as a default suggestion
Replies: 310
Views: 46226

Re: The One-Fund Portfolio as a default suggestion

The disadvantages of a single-fund portfolio are many. Could you please list the many disadvantages of a single fund portfolio (i.e. Vanguard Lifestrategy Funds) Nah. These are well known and easily attainable with a Google search. They're not my ideas. You may not agree with them. And the pros may...
by 1210sda
Sun Apr 12, 2020 4:04 pm
Forum: Investing - Theory, News & General
Topic: The One-Fund Portfolio as a default suggestion
Replies: 310
Views: 46226

Re: The One-Fund Portfolio as a default suggestion

bck63 wrote:
Sun Apr 12, 2020 2:15 pm
The disadvantages of a single-fund portfolio are many.
Could you please list the many disadvantages of a single fund portfolio (i.e. Vanguard Lifestrategy Funds)
by 1210sda
Fri Apr 10, 2020 5:34 pm
Forum: Investing - Theory, News & General
Topic: The One-Fund Portfolio as a default suggestion
Replies: 310
Views: 46226

Re: The One-Fund Portfolio as a default suggestion

You guys are just attacking a straw man. Obviously no one out there is suggesting that 13 basis points is derailing anyone’s retirement. But it WILL result in less money, assuming a person is able to stick to their plan regardless of whether they use 1 fund or 3 funds. For me, a one-fund approach m...
by 1210sda
Sun Apr 05, 2020 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs May Not Be Required for 2020
Replies: 135
Views: 8525

Re: IRS Suspends RMD

That is correct. But when you have the majority of your assets in Roth and very little in TIRAs and you want to donate your usual amount (like you do each year), it is better to give from a TIRA than from taxable (as you wouldn’t have to pay any taxes on the QCD). This will also draw down future RM...
by 1210sda
Sat Apr 04, 2020 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs May Not Be Required for 2020
Replies: 135
Views: 8525

Re: IRS Suspends RMD

You can always take out more than the minimum required (which is 0 this year). As I understand it, the tax benefit of a RMD/QCD is that you don't pay tax on the RMD. I'm not sure I understand the tax benefit of making a QCD in excess of your RMD. For example, if you had an RMD of $25,000 and you ma...
by 1210sda
Sat Apr 04, 2020 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs May Not Be Required for 2020
Replies: 135
Views: 8525

Re: IRS Suspends RMD

You can always take out more than the minimum required (which is 0 this year). As I understand it, the tax benefit of a RMD/QCD is that you don't pay tax on the RMD. I'm not sure I understand the tax benefit of making a QCD in excess of your RMD. For example, if you had an RMD of $25,000 and you ma...
by 1210sda
Sat Apr 04, 2020 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Without a requirement for RMD's in 2020, are you still going to make your QCD's?
Replies: 24
Views: 1479

Re: Without a requirement for RMD's in 2020, are you still going to make your QCD's?

If you aren't going to withdraw from your Roth IRA, is there any real benefit over a Traditional IRA? P.S. You also intend to leave your IRA's (Trad or Roth) to charity.... If you are leaving your IRA to charity, better not to convert so the charity will get the pre-tax value and won't pay taxes on...
by 1210sda
Sat Apr 04, 2020 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Without a requirement for RMD's in 2020, are you still going to make your QCD's?
Replies: 24
Views: 1479

Re: Without a requirement for RMD's in 2020, are you still going to make your QCD's?

If you aren't going to withdraw from your Roth IRA, is there any real benefit over a Traditional IRA?

P.S. You also intend to leave your IRA's (Trad or Roth) to charity....
by 1210sda
Wed Apr 01, 2020 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Without a requirement for RMD's in 2020, are you still going to make your QCD's?
Replies: 24
Views: 1479

Re: Without a requirement for RMD's in 2020, are you still going to make your QCD's?

Why not consider doing both? Convert this year to take advantage of the low prices, then next year you can do a double QCD if you don't need all of the RMD for living expenses. If I don't take any RMD's (since they are not required) or do any QCD's this year, my tax bill will be greatly reduced for...
by 1210sda
Wed Apr 01, 2020 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Without a requirement for RMD's in 2020, are you still going to make your QCD's?
Replies: 24
Views: 1479

Re: Without a requirement for RMD's in 2020, are you still going to make your QCD's?

Thank you to Sport for the suggestion of skipping this year's QCD and doubling up next year. I ran some numbers on Turbo Tax what-if and there could be a very nice tax savings over the two years. I'm trying to get a handle around which would be better for me....the double QCD approach or the Roth co...
by 1210sda
Wed Apr 01, 2020 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Without a requirement for RMD's in 2020, are you still going to make your QCD's?
Replies: 24
Views: 1479

Without a requirement for RMD's in 2020, are you still going to make your QCD's?

For those who are eligible to make QCD's: Are you going to continue to make the QCD's now that they won't be required in 2020. Or, will you make a Roth conversion? Example: 1. Before you knew that the RMD requirement was going to be dropped in 2020 you had a gross RMD of $50,000. You planned to giv...
by 1210sda
Sat Mar 28, 2020 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs May Not Be Required for 2020
Replies: 135
Views: 8525

Re: RMDs May Not Be Required for 2020

Thanks for bringing this up.

I too will consider doing a roth conversion with what would have been my RMD.
by 1210sda
Sun Mar 22, 2020 5:52 pm
Forum: Personal Investments
Topic: Why does the 4% rule work when the markets have huge corrections
Replies: 51
Views: 3387

Re: Why does the 4% rule work when the markets have huge corrections

Per Taylor Larimore: I retired in June of 1982 at the age of 57. We had about a $1 million dollar portfolio to last us the rest of our lives. I didn't know about safe withdrawal rates (the Trinity Study wasn't published until 1998). We had no computers, Internet, Monte Carlo, or sophisticated calcu...
by 1210sda
Wed Mar 18, 2020 2:26 pm
Forum: Personal Consumer Issues
Topic: Cruise cancelled [take refund or future credit?]
Replies: 51
Views: 2682

Re: Cruise cancelled [take refund or future credit?]

Very timely post.

I was considering taking the 125% future credit, but have been convinced by other posters that Cruise line may not be around.
by 1210sda
Sun Mar 15, 2020 11:44 am
Forum: Investing - Theory, News & General
Topic: The One-Fund Portfolio as a default suggestion
Replies: 310
Views: 46226

Re: The One-Fund Portfolio as a default suggestion

I did some re balancing today. (will be based on Monday's closing prices). As I said previously, it wasn't easy. (And I've been investing for 37 years). It wasn't easy, but I do believe I can handle it. My reason for wanting to exchange my 3 fund portfolio to a Lifestrategy fund at my death is that ...
by 1210sda
Thu Mar 12, 2020 5:49 pm
Forum: Investing - Theory, News & General
Topic: The One-Fund Portfolio as a default suggestion
Replies: 310
Views: 46226

Re: The One-Fund Portfolio as a default suggestion

The use of a single identical all-in-one index fund or ETF in all accounts greatly simplifies a portfolio, eliminates the need to rebalance, and sidesteps a long list of potential behavioral pitfalls. Many investors are likely to lose more to behavioral pitfalls with separate funds or ETFs than to ...
by 1210sda
Wed Mar 11, 2020 2:52 pm
Forum: Personal Investments
Topic: Do I follow my IPS?
Replies: 17
Views: 920

Re: Do I follow my IPS?

My IPS says I should consider rebalancing if my asset allocation drifts more than 5% from my targets. I will hit that point today. I am tempted to revise my target equity allocation lower, but realize that I shouldn't do that just because of a large drop in asset prices. My IPS doesn't say I have t...
by 1210sda
Sat Feb 29, 2020 1:39 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2980
Views: 528507

Re: What are you up YTD? [Year To Date]

As of the end of Febraury, 2020: Minus 3.76% in a 60/40, 3 Fund portfolio. (No international bonds, slightly higher allocation to cash than VSMGX)

(VSMGX)Lifestrategy Mod Growth is at Minus 3.98%
by 1210sda
Fri Feb 28, 2020 11:46 pm
Forum: Personal Consumer Issues
Topic: Lost my Flagship Representative...
Replies: 3
Views: 719

Lost my Flagship Representative...

I no longer have a Flagship Rep. I now have a Relationship Manager!

Has anyone else seen this change to your "Account Overview" page?

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by 1210sda
Wed Feb 19, 2020 8:41 am
Forum: Investing - Theory, News & General
Topic: 4% SWR: It is not a rule and it is not safe (anymore).
Replies: 273
Views: 18841

Re: 4% SWR: It is not a rule and it is not safe (anymore).

Mind sharing the math? I'd like to learn. For me, the simplest way is with a financial calculator (i.e. HP12c) Present Value (PV) = $1,000,000 Period (n) = 30 Withdrawal (PMT) = -$40,000 (This is a minus) Future Value (FV) = $0.00 You solve for the Rate (i) 1.219% (End of period withdrawal) or 1.30...
by 1210sda
Mon Feb 17, 2020 10:16 am
Forum: Personal Finance (Not Investing)
Topic: When I save my file on Turbo Tax,
Replies: 2
Views: 448

Re: When I save my file on Turbo Tax,

Thank you Elvis.

Bogleheads never disappoint!!
by 1210sda
Mon Feb 17, 2020 8:50 am
Forum: Personal Finance (Not Investing)
Topic: When I save my file on Turbo Tax,
Replies: 2
Views: 448

When I save my file on Turbo Tax,

I get a second, apparently identical file saved as well. The only difference is the symbol "~" before the file name. What is this and can I delete it without messing up the original file?
by 1210sda
Fri Feb 07, 2020 8:02 pm
Forum: Investing - Theory, News & General
Topic: Does 50x = 100% Equities?
Replies: 86
Views: 5510

Re: Does 50x = 100% Equities?

Absolutely. The paradox of the portfolio in excess of need is the conflict between the increased ability to take greater risk and the decreased need to take greater risk. Of course, you're correct. If you have a very large portfolio, you do have the ability to take greater risk and you don't have t...
by 1210sda
Fri Jan 31, 2020 12:08 pm
Forum: Personal Consumer Issues
Topic: Amazon price gouging
Replies: 61
Views: 3887

Re: Amazon price gouging

goaapl wrote:
Fri Jan 31, 2020 11:46 am
Then I checked price history, it sells for around $3 normally. So they jacked up the price by 200%. Wow.
How do you check price history on Amazon??
by 1210sda
Thu Jan 30, 2020 12:23 pm
Forum: Investing - Theory, News & General
Topic: The Demise of the 4 Percent Rule? -- Wade Pfau
Replies: 179
Views: 14922

Re: The Demise of the 4 Percent Rule? -- Wade Pfau

So you have a possible 40% reduction in spending built into your plan. I believe that would be only a 40% reduction in the contribution to total spending from MnD's retirement portfolio, not a 40% reduction in total spending. Spending money in retirement also comes from SS, pensions, SPIA's, LMP's....
by 1210sda
Wed Jan 29, 2020 9:11 am
Forum: Personal Finance (Not Investing)
Topic: $3 million the new rule of thumb?
Replies: 653
Views: 50684

Re: $3 million the new rule of thumb?

The present value of $3,000,000 in 45 yrs at 2.5% inflation is $1,000,000.

So he is obviously addressing the 20 to 25 year age range.
by 1210sda
Tue Jan 28, 2020 3:17 pm
Forum: Investing - Theory, News & General
Topic: The Demise of the 4 Percent Rule? -- Wade Pfau
Replies: 179
Views: 14922

Re: The Demise of the 4 Percent Rule? -- Wade Pfau

wrongfunds wrote:
Tue Jan 28, 2020 1:41 pm
I bet most of you have completely forgotten what 100% vs 95% means in this context.
Yes I have, can you please explain?
by 1210sda
Tue Jan 28, 2020 12:21 pm
Forum: Investing - Theory, News & General
Topic: The Demise of the 4 Percent Rule? -- Wade Pfau
Replies: 179
Views: 14922

Re: The Demise of the 4 Percent Rule? -- Wade Pfau

Pfau and many others seem to ignore that the '4% rule of thumb' only requires 1.22% constant real returns in order to succeed. That's right, just 1.22% constant real return. Homer J stated in an earlier post that Pfau had previously suggested that 3% and even 2% as the appropriate SWR's. At 3% SWR,...
by 1210sda
Mon Jan 27, 2020 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Hospice and Medicare Advantage Plans - a little known Catch22
Replies: 79
Views: 4776

Re: A reprise of my mother's hospice and Medicare Advantage plan "catch-22"

Thanks CULater for bring this to our attention.

I missed it the first time around.

The older I get, the more important a meaningful discussion of topics such as this becomes.
by 1210sda
Fri Jan 24, 2020 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Making funeral arrangements? Consider "pre-need" insurance
Replies: 35
Views: 4026

Re: Making funeral arrangements? Consider "pre-need" insurance

thanks again, LG.

Were you planning on putting this info in the Wiki?
by 1210sda
Wed Jan 22, 2020 7:50 pm
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 26580

Re: Sad news: LadyGeek's husband has passed

Thank you Lady Geek for your kindness and concern for your fellow BH. For sharing your experiences with those who might find themselves in a similar situation later.
God bless you and give you strength.

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by 1210sda
Mon Jan 06, 2020 6:07 pm
Forum: Investing - Theory, News & General
Topic: Does Windows 7 void your Vanguard fraud reimbursement?
Replies: 69
Views: 5035

Re: Does Windows 7 void your Vanguard fraud reimbursement?

Arghhh, time to replace DW's computer.
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by 1210sda
Tue Dec 31, 2019 3:33 pm
Forum: Personal Investments
Topic: Short term returns on VMMXX
Replies: 13
Views: 951

Re: Short term returns on VMMXX

Hope you're not expecting too much in the way of dividends tomorrow.

At the current SEC 7 day compound yield of 1.72% for 14 days, you're looking at about $130.

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by 1210sda
Mon Dec 30, 2019 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Contributions to"RIP Medical Debt".
Replies: 15
Views: 1663

Re: Contributions to"RIP Medical Debt".

From the responses, I'm concluding that no BH's have contributed to this organization.

I'm about to cross them off my list.

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