Search found 1935 matches

by dwickenh
Wed May 27, 2020 8:21 am
Forum: Personal Consumer Issues
Topic: Should I pay $1,600 for this lawn care fix?
Replies: 54
Views: 4861

Re: Should I pay $1,600 for this lawn care fix?

jebmke wrote:
Fri May 22, 2020 4:36 pm
We have a small mound in our front yard. It was there when we bought the house. Last year I had someone in to plant a few new trees and he asked me what the mound was. I told him that this was where we buried the previous landscaper.
:shock:
:twisted:
by dwickenh
Wed May 27, 2020 8:14 am
Forum: Personal Investments
Topic: What Funds-no more than 3- would you use in retirement.
Replies: 9
Views: 764

Re: What Funds-no more than 3- would you use in retirement.

If this was not a taxable account, I would suggest that this person use LifeStrategy Conservative Growth fund based on everything else in the OP's post. We actually own LifeStrategy Moderate Growth Fund instead in a tax-deferred account. It is truly set-and-forget. But in reality with 30 years in a...
by dwickenh
Wed May 27, 2020 8:11 am
Forum: Investing - Theory, News & General
Topic: How Much is a Pension Worth?
Replies: 13
Views: 866

Re: How Much is a Pension Worth?

You need to assume a number of years you will live and some “discount rate” relevant for that period. I don’t understand where you got 5.7% but that seems a high rate to assume over next 30 years, if a US Tsy 30 bond is under 2%. Discount rate is a risk free rate usually. https://www.treasury.gov/r...
by dwickenh
Sat May 23, 2020 7:52 am
Forum: Personal Consumer Issues
Topic: Del Webb 55+ communities?
Replies: 24
Views: 3669

Re: Del Webb 55+ communities?

I have a brother who lives in the Del Webb community near Georgetown Texas. He is not very mobile, or active for that reason. His wife loves the activities and access to good health care nearby. It has been a godsend for her as she becomes the caretaker for my brother to have all of the available ac...
by dwickenh
Fri May 22, 2020 10:24 am
Forum: Personal Investments
Topic: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call
Replies: 95
Views: 11402

Re: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call

Selling all equities and going to cash is a mistake. I can't sugar coat it and give you several reasons you did the right thing. You probably need someone besides yourself handling those decisions and you will pay extra to get that type of help. Over the long haul, the extra expense will likely save...
by dwickenh
Fri May 22, 2020 10:12 am
Forum: Personal Investments
Topic: Can retirement be this simple?
Replies: 31
Views: 4275

Re: Can retirement be this simple?

It can be as simple as you want to make it!! Was there a decision made on taking the pension as a monthly payment for life, or as a lump sum? There is more to plan for in the way of controlling expenses, legacy decisions, financial and health proxies for later in life, and long term care decisions. ...
by dwickenh
Wed May 20, 2020 8:03 am
Forum: Personal Investments
Topic: Newly retired Roth Conversion help
Replies: 6
Views: 734

Re: Newly retired Roth Conversion help

I think their account diversity already has them in a good place. They will have the ability to access capital gains in the taxable account at 0 tax rate if they keep the conversions inside the 12% tax brkt. I don't think there is anything wrong with adding to the Roths through conversions, but I wo...
by dwickenh
Sat May 16, 2020 4:13 pm
Forum: Personal Consumer Issues
Topic: How did you feel after giving notice to retire?
Replies: 52
Views: 4290

Re: How did you feel after giving notice to retire?

I felt relieved!! It was the right time for me to retire.
by dwickenh
Sat May 16, 2020 4:12 pm
Forum: Personal Consumer Issues
Topic: Tire shop returned my van with a broken part!
Replies: 27
Views: 1822

Re: Tire shop returned my van with a broken part!

Update After I left a negative google review, the shop manager called me back and offered a refund of the $110 alignment, requesting I take down the negative review, and also took no responsibility for the winch mechanism. He speculated the winch becomes stuck when retracted/extended with no weight...
by dwickenh
Fri May 15, 2020 9:23 am
Forum: Personal Consumer Issues
Topic: Tire shop returned my van with a broken part!
Replies: 27
Views: 1822

Re: Tire shop returned my van with a broken part!

Those winch things are complete garbage. They are exposed to the elements and often fail. I had one on a Yukon XL that held a nice full sized spare. When selling the truck, the buyer asked "what's that?" as the place where you put in the bar to move the winch has a factory lock. I unlocked it and t...
by dwickenh
Thu May 14, 2020 9:37 pm
Forum: Personal Investments
Topic: CARES Act
Replies: 6
Views: 806

Re: CARES Act

Relief provisions almost identical to CRDs have been around for 15 years. Surprisingly, there has been almost no discussion in the past regarding converting prior disaster distributions. Most consultants and the IRS seem to ignore the issue. Writing for the KItces blog, noted authority Jeff Levine ...
by dwickenh
Thu May 14, 2020 6:49 pm
Forum: Personal Consumer Issues
Topic: Secrets to a great lawn
Replies: 65
Views: 5192

Re: Secrets to a great lawn

We have the grass cut high (4 inches); no watering -- too much grass and would require a deeper well and larger pumping system. +1 My neighbors cut the grass to 2 inches and have weeds,bare spots, brown outs. I cut mine to 3 1/2 to 4 inches and have fewer weeds, no bare spots, and tolerates drought...
by dwickenh
Thu May 14, 2020 6:40 pm
Forum: Personal Investments
Topic: CARES Act
Replies: 6
Views: 806

Re: CARES Act

You can do that without the CARES act. Do a $33,333 Roth conversion each of the next 3 years. Pay 1/3 of the tax (on a $100,000 conversion) each year. How about if under 59 1/2 with a husband and wife federal employees. Could each one (if qualified) pull 100K from their respective TSP accounts and ...
by dwickenh
Tue May 12, 2020 8:22 am
Forum: Investing - Theory, News & General
Topic: Ben Felix - How to Retire Early (The 4% Rule)
Replies: 221
Views: 15434

Re: Ben Felix - How to Retire Early (The 4% Rule)

My point is that with lower future expected bond returns than the last 40 years, the withdrawal rate of an X% stock portfolio won't be as safe as it was in the past. A lower withdrawal rate will likely be required. That's not supported by the historical data. The '4% rule' held up throughout all 30...
by dwickenh
Tue May 12, 2020 8:01 am
Forum: Personal Investments
Topic: Need help selecting a bond fund
Replies: 2
Views: 254

Re: Need help selecting a bond fund

Easy answer is Vanguard Total Bond VBTLX. It is an intermediate bond fund that holds treasuries, government backed securities and some corporate bonds. This will keep it simple. If you want spread among more than one, I like VBILX which is another index bond fund by Vanguard. https://investor.vangua...
by dwickenh
Mon Apr 27, 2020 8:12 am
Forum: Personal Investments
Topic: Thoughts on buy and hold strategy
Replies: 57
Views: 2633

Re: Thoughts on buy and hold strategy

Statistics available from academia indicate that the total market fund will beat over 80% of the selective funds over 10-20 year time periods.
by dwickenh
Mon Apr 27, 2020 8:09 am
Forum: Personal Investments
Topic: 90% Bond 401k is up 3.2% Year to date, AA 30-40% Stocks Am I still Stupid?
Replies: 7
Views: 735

Re: 90% Bond 401k is up 3.2% Year to date, AA 30-40% Stocks Am I still Stupid?

You may want to look into CD's paying in the 2% range with some of your fixed income. A CD ladder to get you to 70 could make up for the 4000 per month(SS amount) pay out until you reach that age. Also, you need to look at https://opensocialsecurity.com/ and run the scenarios on SS claiming. It may ...
by dwickenh
Sun Apr 26, 2020 8:16 am
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 297
Views: 16726

Re: Very sophisticated banking scam: Krebs on Security

Seems he missed his chance to lock down the card on the first indication of fraud. I am surprised he was scammed this way if it was his profession. I would always deal with the person that I initiated the contact with, not someone that called me. Sounds simple now, but i'm sure it is easy to let dow...
by dwickenh
Sat Apr 25, 2020 11:22 am
Forum: Personal Consumer Issues
Topic: DIY Auto Detailing Products
Replies: 29
Views: 1445

Re: DIY Auto Detailing Products

All these products are excellent. You might consider Nu Finish car polish as your wax. It lasts for a long time and has served my cars well. I wholeheartedly recommend clay bar treatment as well. I had no idea how much dirt won’t come off with standard washing. I agree that all major brand products...
by dwickenh
Sat Apr 25, 2020 11:06 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1111
Views: 110256

Re: Jack Bogle - Two Fund Portfolio

I have read JL Collins and enjoy his writings. I am unable to go 100% Total US market as he proposes, but I understand his position when in the accumulation stage. I like this quote from the article listed in prior post: "The US is the only market in the world that allows for this investing only dom...
by dwickenh
Sat Apr 25, 2020 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Take Social Security now, at 66, during Corona-virus?
Replies: 61
Views: 4965

Re: Take Social Security now, at 66, during Corona-virus?

I contributed to your earlier thread and wanted to congratulate you on your patience in waiting until age 66, which in retrospect was a wise decision. I'm going to be 68 in a couple of months and am still delaying, but I'm married, so my reasons for doing so are more advantageous than yours. The co...
by dwickenh
Sat Apr 25, 2020 10:35 am
Forum: Personal Consumer Issues
Topic: DIY Auto Detailing Products
Replies: 29
Views: 1445

Re: DIY Auto Detailing Products

All these products are excellent. You might consider Nu Finish car polish as your wax. It lasts for a long time and has served my cars well. I wholeheartedly recommend clay bar treatment as well. I had no idea how much dirt won’t come off with standard washing. I agree that all major brand products...
by dwickenh
Sat Apr 25, 2020 10:02 am
Forum: Personal Consumer Issues
Topic: DIY Auto Detailing Products
Replies: 29
Views: 1445

Re: DIY Auto Detailing Products

All these products are excellent. You might consider Nu Finish car polish as your wax. It lasts for a long time and has served my cars well. I wholeheartedly recommend clay bar treatment as well. I had no idea how much dirt won’t come off with standard washing. I agree that all major brand products...
by dwickenh
Sat Apr 25, 2020 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Take Social Security now, at 66, during Corona-virus?
Replies: 61
Views: 4965

Re: Take Social Security now, at 66, during Corona-virus?

I contributed to your earlier thread and wanted to congratulate you on your patience in waiting until age 66, which in retrospect was a wise decision. I'm going to be 68 in a couple of months and am still delaying, but I'm married, so my reasons for doing so are more advantageous than yours. The co...
by dwickenh
Fri Apr 24, 2020 9:18 am
Forum: Personal Investments
Topic: I love Wellesley Income but would it get killed with rising rates? Would it be very bad to own in the 12% bracket?
Replies: 16
Views: 2477

Re: I love Wellesley Income but would it get killed with rising rates? Would it be very bad to own in the 12% bracket?

I also love Wellesley due to it's past. That past does not mean the future will be the same. Wellesley's success in the past was increased due to falling interest rates over a long period of time. Less than 10% of the bonds are Treasury/government backed so there is more risk than in some total bond...
by dwickenh
Thu Apr 23, 2020 8:52 am
Forum: Personal Investments
Topic: dollar cost averaging frequency
Replies: 9
Views: 675

Re: dollar cost averaging frequency

In a taxable account, there is an advantage to once a month due to specific ID and multiple lots of equity purchases. In a tax deferred account, I am not sure the effort would be worth any minor difference in gains. Can you please clarify on this for both the taxable and tax advantaged because I do...
by dwickenh
Thu Apr 23, 2020 8:44 am
Forum: Personal Investments
Topic: Your views on used car parts Industry
Replies: 31
Views: 1279

Re: Your views on used car parts Industry

LKQ is mostly aligned with collision repair parts, mostly used or aftermarket parts. With the future of collision unknown(think autonomous vehicle) I would not make a purchase of a company deriving a large part of their income from collision parts. As the older vehicles leave the road, I would think...
by dwickenh
Thu Apr 23, 2020 8:28 am
Forum: Personal Investments
Topic: dollar cost averaging frequency
Replies: 9
Views: 675

Re: dollar cost averaging frequency

In a taxable account, there is an advantage to once a month due to specific ID and multiple lots of equity purchases. In a tax deferred
account, I am not sure the effort would be worth any minor difference in gains.
by dwickenh
Thu Apr 23, 2020 8:24 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1111
Views: 110256

Re: Jack Bogle - Two Fund Portfolio

In Phoenix, Arizona April 27, 2001 Jack Bogle recounted his Twelve Pillars of Wisdom. "In my book, I presented a basic asset allocation model that recommended that older investors, no longer adding to their assets with additional investments and becoming increasingly dependent on income, should focu...
by dwickenh
Thu Apr 23, 2020 8:04 am
Forum: Personal Investments
Topic: Vanguard Personal Advisor vs Robo Advisors? (Looking at switching from EJ)
Replies: 14
Views: 779

Re: Currently with Edward Jones...

Slick Eddie Jones has been talked about often here- just put Edward Jones in the search engine for prior posts. I think Vanguard or Schwab robo would be find for a year. You will find that after a year, you may be able to take this over yourself. If you have questions, this is a good place to use as...
by dwickenh
Wed Apr 22, 2020 8:12 am
Forum: Personal Investments
Topic: Retirees: Walk me thru your portfolio drawdown process
Replies: 39
Views: 3599

Re: Retirees: Walk me thru your portfolio drawdown process

I would think that withdrawing from taxable until it is gone would limit the flexibility to draw from multiple accounts to control taxes once RMDs start. Can you let me know your thinking on exhausting taxable. I would like to keep the ability to withdraw at 0 tax rate for capital gains if possible...
by dwickenh
Wed Apr 22, 2020 8:00 am
Forum: Personal Investments
Topic: Retirees: Walk me thru your portfolio drawdown process
Replies: 39
Views: 3599

Re: Retirees: Walk me thru your portfolio drawdown process

I'm a "just in time" decumulator. I actually do think, "Hey, I need $8,000 in 3 days to pay my credit card bill." So if an $8,000 dividend is not going to show up in time, I sell $8,000 of shares to settle in time to pay the credit card bill. I always sell from my taxable account and will continue ...
by dwickenh
Tue Apr 21, 2020 9:17 am
Forum: Investing - Theory, News & General
Topic: Does anyone use global cap weight plus a set domestic tilt for equities?
Replies: 64
Views: 2425

Re: Does anyone use global cap weight plus a set domestic tilt for equities?

VTWAX and chill. I admit that I know absolutely nothing so I buy the literal haystack. I don't need constant reassurance and I don't rely on recency bias, many other biases, future predictions, cultish behavior because a certain person said so and past performance. With global market cap you get th...
by dwickenh
Sun Apr 19, 2020 8:00 am
Forum: Personal Investments
Topic: 2 years from retirement - add to total bond?
Replies: 23
Views: 2403

Re: 2 years from retirement - add to total bond?

I would hold 2 years of expenses in a cash instrument(money market or high yield savings account) and then the rest of my fixed income would be fine in total bond. I wouldn't complicate the fixed income portion of your portfolio as the results will likely not change that much without more risk. I ha...
by dwickenh
Sun Apr 19, 2020 7:57 am
Forum: Personal Investments
Topic: 2 years from retirement - add to total bond?
Replies: 23
Views: 2403

Re: 2 years from retirement - add to total bond?

tennisplyr wrote:
Sun Apr 19, 2020 6:56 am
Retired 9 years and have been at ~50/50 for quite some time. Fear or greed, take your pick.
+1
by dwickenh
Sun Apr 19, 2020 7:49 am
Forum: Personal Investments
Topic: what are good reasons to change the course?
Replies: 28
Views: 1557

Re: what are good reasons to change the course?

LTT is a fund where you are looking in the mirror. It is good to have during market downturns, but can be a big loser in changing interest rate environments. It has more interest rate risk due to duration. I like total bond as it includes the government issues to dampen volatility of equities, and i...
by dwickenh
Sat Apr 18, 2020 8:11 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2955
Views: 526457

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

down 5.1% 50/50 portfolio and have re-balanced twice into equities. Currently close to equities 5% band at 54/46.
by dwickenh
Sat Apr 18, 2020 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Please Help Us Get Our Stimulus Payment
Replies: 59
Views: 4728

Re: Please Help Us Get Our Stimulus Payment

The Get my payment site indicates I should get a payment and asks for my bank info. When I input my direct deposit information, it states there is an error and I can restart the information. I have done this 5 times, and finally decided to wait for them to figure it out. I am fine with a check month...
by dwickenh
Fri Apr 17, 2020 9:19 am
Forum: Investing - Theory, News & General
Topic: Are you all doing Tax Loss Harvesting in the downturn?
Replies: 11
Views: 654

Re: Are you all doing Tax Loss Harvesting in the downturn?

Doc wrote:
Thu Apr 16, 2020 9:51 am
Been there, done that twice already when I hit my rebalancing bands according to my IPS
Same here, hit bands twice and re-balanced.
by dwickenh
Thu Apr 16, 2020 9:11 am
Forum: Investing - Theory, News & General
Topic: Do most Bogleheads TLH?
Replies: 55
Views: 3263

Re: Do most Bogleheads TLH?

I TLH thanks to livesoft's explanations and it makes perfect sense to me.
by dwickenh
Wed Apr 15, 2020 10:25 am
Forum: Personal Consumer Issues
Topic: There seems to be a big market for home fitness equipment
Replies: 24
Views: 1362

Re: There seems to be a big market for home fitness equipment

The Sole treadmill company recently cancelled my in home (full setup) delivery and gave me a full refund of $1500. Shucks. 😩 j Just wait until everyone buys that expensive home gym, and in 6 months you can buy theirs at a bargain price. Seems it is the only way to buy treadmills and such items. Man...
by dwickenh
Wed Apr 15, 2020 10:21 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1111
Views: 110256

Re: Jack Bogle - Two Fund Portfolio

... Yes, but I do think it's not right to recommend new investors use a two fund portfolio without a qualifier. The asking portfolio questions template specifically has a space for desired international allocation. We should ask them what they desire and why, give them information and let them make...
by dwickenh
Wed Apr 15, 2020 10:12 am
Forum: Investing - Theory, News & General
Topic: Obvious value of re-balancing?
Replies: 0
Views: 107

Obvious value of re-balancing?

Loss- - Gain 10% -- 11.11% 20% -- 25.00% 30% -- 42.86% 40% -- 66.67% 50% -- 100.00% 75% -- 300.00% 90% -- 900.00% This chart creates fear for many equity investors including myself. In my 50/50 allocation using a 1,000,000 portfolio, stocks go down 50% to 250,000 and bonds remain at 500,000. It will...
by dwickenh
Tue Apr 14, 2020 7:55 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1111
Views: 110256

Re: Jack Bogle - Two Fund Portfolio

But there are others who do so because they do not think other developed markets have good prospects for future growth and emerging markets are beyond their liking for risk. That is where Jack Bogle was. That is where I and many other U.S. only Bogleheads (and Warren Buffett) are. There is no evide...
by dwickenh
Sat Apr 11, 2020 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Rate Conundrum
Replies: 10
Views: 505

Re: Refinance Rate Conundrum

I'm saying to let them know you have found a better rate with the same stipulations, but would prefer to remain with them if they would match the offer of the competition. Otherwise, lock the rate with the new company if there is not a forfeit of funds with the current locked rate company. p.s. I do...
by dwickenh
Sat Apr 11, 2020 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Rate Conundrum
Replies: 10
Views: 505

Re: Refinance Rate Conundrum

Are the other lower rates tainted with a cost of attaining the mortgage? If not, I would get the rate quote and ask your current company to match the lower rate.
by dwickenh
Fri Apr 10, 2020 8:05 am
Forum: Personal Investments
Topic: Complete amateur with advisor problems
Replies: 21
Views: 1865

Re: Complete amateur with advisor problems

Toons wrote:
Wed Apr 08, 2020 11:43 am
Good Info For
Educational Purposes
And to assist you in the decision making process
:happy
"Are Advisors Really Worth the Opportunity Cost?"

https://www.financialadvisoriq.com/c/89 ... _down_line
Great article, short and to the point!! Thanks Toons!!

Best to you,

Dan
by dwickenh
Fri Apr 10, 2020 7:48 am
Forum: Investing - Theory, News & General
Topic: How high will Unemployment go?
Replies: 2
Views: 307

Re: How high will Unemployment go?

I think we should call it job displacement instead of unemployment. These businesses were forced to shut down, and hopefully will reopen when the coast is clear. It may take a little time, but records will be set for job creation(just people going back to work). Politicians will take credit for it o...
by dwickenh
Fri Apr 10, 2020 7:45 am
Forum: Personal Consumer Issues
Topic: Mister Rogers and Mister Bogle and Pennsylvania Values
Replies: 2
Views: 470

Re: Mister Rogers and Mister Bogle and Pennsylvania Values

I have to admit, I never thought about it the way you have. Two people from the same state that want to help people is probably not that rare. These two individuals are rare for a different reason. They were both told by the masses(their peers) that it would never work, and it did!! They didn't give...
by dwickenh
Fri Apr 10, 2020 7:38 am
Forum: Personal Investments
Topic: Modifying my AA during--but not due to--the downturn?
Replies: 6
Views: 324

Re: Modifying my AA during--but not due to--the downturn?

Your original plan was a good one, why not just stick with the plan?