Search found 1238 matches

by dwickenh
Wed Aug 15, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 52
Views: 2210

Re: Take auto loan 0.9% if I can afford cash?

Toons wrote:
Wed Aug 15, 2018 8:43 am
"Would you take a car loan that you didn’t need?"

No,
Pay cash
move on
Don't think about a loan
Enjoy the new ride
:mrgreen: :mrgreen:
+1 Some of us just think differently!!

:sharebeer
by dwickenh
Wed Aug 15, 2018 7:52 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 282
Views: 17219

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

sambb wrote:
Tue Aug 14, 2018 4:24 am
this thread has reminded me to buy international this week
buy low sell high is nice
+1, Bought some myself this week to re-balance.
by dwickenh
Mon Aug 13, 2018 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity
Replies: 55
Views: 6927

Re: Moving from Vanguard to Fidelity

Although I split with 2 ex-wives, I will never leave Vanguard. They were the first to force down the costs and I wouldn't leave them for a few basis points or some quicker phone responses. You would have saved more if you stayed with your ex-wives and left Vanguard. /quote] Cruel, that's just cruel...
by dwickenh
Mon Aug 13, 2018 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: 61 Year old in need of advice
Replies: 14
Views: 1448

Re: 61 Year old in need of advice

Need to know:

monthly/yearly expenses he expects in retirement.

SS amount to be claimed at full retirement age(he can look at ssa.gov)
by dwickenh
Mon Aug 13, 2018 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity
Replies: 55
Views: 6927

Re: Moving from Vanguard to Fidelity

Although I split with 2 ex-wives, I will never leave Vanguard. They were the first to force down the costs and I wouldn't leave them for a few basis points or some quicker phone responses. You would have saved more if you stayed with your ex-wives and left Vanguard. /quote] Cruel, that's just cruel...
by dwickenh
Sat Aug 11, 2018 11:09 am
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 232
Views: 18870

Re: "Don't Obsess About Expense Ratios"

To me the "zero" expense funds are like a free dinner to hear a sales pitch. As long as you can say "no" every time, the expense ratio is great. If you have a hard time saying "no", then stay where you are comfortable(without sales pitches). Anyone that thinks there wont be sales pitches is kidding ...
by dwickenh
Sat Aug 11, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: Planning a Florida Gulf Coast trip next February/March
Replies: 5
Views: 528

Re: Planning a Florida Gulf Coast trip next February/March

If you don't intend to get into the waters, a beach front condo or hotel in the Destin/Panama City Beach areas will be much more affordable. DW and I stay 2 -3 months in this area and enjoy the area. Heated pools, golf, and on the beach access are hard to beat. Daytime temps in Feb and March are 65-...
by dwickenh
Sat Aug 11, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Newly retired - need to make a big change
Replies: 34
Views: 5236

Re: Newly retired - need to make a big change

Highfeehater, you are one lucky man (couple). I've never heard of an advisor who will give you your money back. Jump on that offer to pay only $400 to get out of this mess and consider it the cost of your financial education. It's a very small price to pay to get into a better portfolio and with re...
by dwickenh
Sat Aug 11, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Preparing for a bear market
Replies: 43
Views: 4982

Re: Preparing for a bear market

At 50/50 you will be either half right or half wrong. I am comfortable with that as I am also 50/50 and sleeping well. There are a lot less ups and downs, just steady and slow movement that should take care of the 3% withdrawal rate.

Congrats on your decision to sleep better.

Dan
by dwickenh
Fri Aug 10, 2018 7:22 am
Forum: Investing - Theory, News & General
Topic: The Most Googled Money Terms in America
Replies: 16
Views: 2204

Re: The Most Googled Money Terms in America

mary1969 wrote:
Thu Aug 09, 2018 8:20 pm
property taxes in Illinois sounds correct
+1 and add in moving to another state for Illinois,.
by dwickenh
Thu Aug 09, 2018 7:36 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisor
Replies: 11
Views: 784

Re: Vanguard Advisor

If your assets have enough cushion to make inflation a moot point, then by all means do what makes you sleep well. I think you can construct 5 year CD ladders and do better than money market, but it depends on how much time you are willing to spend on the additional return.

Best to you,

Dan
by dwickenh
Sun Aug 05, 2018 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Question to retirees - money or work/life balance?
Replies: 46
Views: 5206

Re: Question to retirees - money or work/life balance?

I have a question for some of the Boglehead retirees: was it worth chasing money and sacrificing work / life balance? For those who have done so, do you have any regrets? Likewise, for those who made decisions to limit their career earnings for the sake of their family, work / life balance, etc, do...
by dwickenh
Fri Aug 03, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Question to retirees - money or work/life balance?
Replies: 46
Views: 5206

Re: Question to retirees - money or work/life balance?

I was offered vertical moves several times in my career with mega insurance corp, but every time it required more time away from family and friends including travel for extended periods. I was very happy with the position which allowed me to make my own schedule and finish the day when my work was c...
by dwickenh
Wed Aug 01, 2018 9:49 am
Forum: Investing - Theory, News & General
Topic: Freedom Investing
Replies: 1
Views: 249

Freedom Investing

There are many people who seek out mutual funds that divest themselves of "sin" services and items. When it comes to investing in other countries, could the amount of financial freedom and debt be used to rule out countries that stifle freedom and load up on debt. An interesting article concerning r...
by dwickenh
Wed Aug 01, 2018 8:05 am
Forum: Investing - Theory, News & General
Topic: Matter/scatter, Part 2: Bond fund choices
Replies: 4
Views: 1033

Re: Matter/scatter, Part 2: Bond fund choices

Thanks nispirius, a great display for the brain. You do a great job of presenting the facts without opinion getting in the way.

Dan
by dwickenh
Tue Jul 31, 2018 7:42 am
Forum: Investing - Theory, News & General
Topic: So go the FAANG, so goes the market?
Replies: 41
Views: 4442

Re: So go the FAANG, so goes the market?

Hoping for a 40-50% market retraction by 2020. I have less than $200K in equities, so I doubt I'd be terribly upset. After that, I plan to either DCA into Wellington and Wellesley OR do the Dave Ramsey method: Growth, Agressive Growth, Income, and Int'l split 4 ways. Haven't decided the better stra...
by dwickenh
Sun Jul 29, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Google Sheet Personal Finance Manager
Replies: 20
Views: 5014

Re: This personal finance workbook is great!

thanks jburke,

Just starting playing with this and it appears to be very comprehensive.

Best to you,

Dan
by dwickenh
Sun Jul 29, 2018 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: Which Risky Bond ETF?
Replies: 11
Views: 678

Re: Which Risky Bond ETF?

Hello galeno, My answer is to take the risk on the stock side of your portfolio. I would instead go to 35% stocks and keep a high quality intermediate or short term bond fund for the other 65%. If I had to go into "junk bonds", I like the Vanguard high yield fund as it is a little less risky than so...
by dwickenh
Sun Jul 29, 2018 8:18 pm
Forum: Personal Consumer Issues
Topic: Buy Another Car or Keep Up Old One?
Replies: 13
Views: 1239

Re: Buy Another Car or Keep Up Old One?

If the Bmw looks and drives good now, I would sell it on the private market and get closer to 9000. Now the difference is only 6000.00 for the Honda and you make that back in reduced maintenance in 6 years or less. The Civic will be less expensive to own than the BMW and will handle 150,000 miles mu...
by dwickenh
Sun Jul 29, 2018 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: How much emergency cash when retired?
Replies: 24
Views: 1609

Re: How much emergency cash when retired?

willthrill81 wrote:
Sun Jul 29, 2018 4:22 pm
When you're retired, your entire portfolio is for "emergencies." I'd feel comfortable keeping a few months' expenses in cash in a savings account or some other liquid asset.
+1
by dwickenh
Sun Jul 29, 2018 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: 7-8% SWR/year for first 7 years of Retirement...am I good?
Replies: 22
Views: 2573

Re: 7-8% SWR/year for first 7 years of Retirement...am I good?

The other test for your plan is how it works if one of you is out of the picture- joint pensions will be enough for the survivor to live on without the bulk of the portfolio that will be gone after 7-12 years? Less pension and SS in this case also. Just thinking of covering all the bases in your pla...
by dwickenh
Sun Jul 29, 2018 10:07 am
Forum: Personal Consumer Issues
Topic: selling used car with hail damage
Replies: 30
Views: 1702

Re: selling used car with hail damage

I hate to break it to you, but your car is certainly NOT "immaculately maintained" if it has 2 year old hail damage that you didn't repair. Somehow I doubt you really "hate" correcting me, but regardless I should have qualified my post with "immaculately maintained mechanically with all service rec...
by dwickenh
Sun Jul 29, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: Regret Public School?
Replies: 75
Views: 5459

Re: Regret Public School?

I attended one of the best private high schools in my area as a full time boarding student at 13 years old. I did receive a great education, but was so burnt out on living away from my family that it lead to a fractured college experience. My children attended public school and were both successful ...
by dwickenh
Sun Jul 29, 2018 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Retirees: how much cash?
Replies: 61
Views: 6291

Re: Retirees: how much cash?

I keep 10-12 months expenses in high yield checking(2.07%) and 12-14 months in short term Treasuries at Vanguard in my taxable account.

That is about 6% of my investments.

Retired 28 months ago with minor pension and holding off on SS for DW and I to maximize ACA subsidies.
by dwickenh
Tue Jul 24, 2018 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Leaving Edward Jones
Replies: 33
Views: 3228

Re: Leaving Edward Jones

Edward Jones is bad but Dave Ramsey's investment advice is even worse. For a guy who has done so much good for people who needed help getting out of debt, peddling bad advice specifically so he could get his kick backs from his sponsoring investor network is disappointing to say the least. Sort of ...
by dwickenh
Mon Jul 23, 2018 1:32 pm
Forum: Personal Consumer Issues
Topic: Auto Insurance Deductibles
Replies: 12
Views: 999

Re: Auto Insurance Deductibles

I carry 1000 ded on my vehicles, but (knock on wood) never have a claim. I would also drop collision/comp on any vehicle under 5000 value. You can check the difference in premium, and it may not sound like much savings. But add that up every 6 months for the next 30 years and it begins to sound like...
by dwickenh
Mon Jul 23, 2018 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Left Edward Jones today. Funds are now in my vanguard account
Replies: 12
Views: 1417

Re: Left Edward Jones today. Funds are now in my vanguard account

Congrats Zooch, You are doing great at your age and made a good choice moving to a low cost provider like Vanguard. I would agree with retirejg about the target retirement fund at vanguard. I would also keep at least 10K for an emergency fund in a high interest savings/checking. You did not say how ...
by dwickenh
Sun Jul 22, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Decumulation Sequencing
Replies: 8
Views: 1407

Re: Decumulation Sequencing

You have a complicated question that will require assistance from complex calculations available at I-orp. Try plugging your numbers into the model including possible conversions. Unless they update the brkts for SS being taxable(very unlikely), you will be hit hard on taxes at RMD time. https://www...
by dwickenh
Sat Jul 21, 2018 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: $1200 AC fix on a 2007 Civic
Replies: 22
Views: 1647

Re: $1200 AC fix on a 2007 Civic

We are in the same predicament, but we are giving the broken car (vintage 2006) to one of our children. They can probably drive it for another couple of years, so $1200 would be just $600 a year added cost. Are they going to roll the windows down, or fix the A/C? You know, I don't know and I really...
by dwickenh
Sat Jul 21, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: $1200 AC fix on a 2007 Civic
Replies: 22
Views: 1647

Re: $1200 AC fix on a 2007 Civic

livesoft wrote:
Sat Jul 21, 2018 3:32 pm
We are in the same predicament, but we are giving the broken car (vintage 2006) to one of our children. They can probably drive it for another couple of years, so $1200 would be just $600 a year added cost.
Are they going to roll the windows down, or fix the A/C?
by dwickenh
Sat Jul 21, 2018 5:05 pm
Forum: Personal Consumer Issues
Topic: engine check light on Toyota Sienna
Replies: 8
Views: 734

Re: engine check light on Toyota Sienna

Hmm Do you know what codes the check engine was throwing? I have a 2004 Sienna, there is only 1 Mass Air Flow Sensor and often times you can clean it. It takes about 10-15 minutes to remove clean and replace. So unless you mechanic is changing some other sensor I think he is high on both the labor ...
by dwickenh
Sat Jul 21, 2018 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Transfer online savings/money market to income mutual fund?
Replies: 14
Views: 975

Re: Transfer online savings/money market to income mutual fund?

5% distribution does not come without considerable risk and I am not touching the 50K used car purchase.

Best of luck on your decision,

Dan
by dwickenh
Sat Jul 21, 2018 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Pension Lump Sum: Short-term bonds?
Replies: 37
Views: 2025

Re: Pension Lump Sum: Short-term bonds?

I've done very, very well in my funds over the past nine years. I started backing away from equities in January, as part of my own yearly assessment. It was part logic and part good luck, so far that was a remarkably good point to sell off most of my stock funds and move them to more conservative a...
by dwickenh
Sat Jul 21, 2018 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Premiums on Credit Card
Replies: 12
Views: 899

Re: Life Insurance Premiums on Credit Card

UpperNwGuy wrote:
Sat Jul 21, 2018 7:58 am
It's certainly possible, but very unlikely. It would cost the insurance company 2.7% of the premium for you to get your 2% credit card reward. Why would an insurance company want to do that?
To keep their customers........................
by dwickenh
Sat Jul 21, 2018 8:55 am
Forum: Investing - Theory, News & General
Topic: Rethinking bond fund
Replies: 13
Views: 1152

Re: Rethinking bond fund

I think it all depends on the timeline for the assets in bond funds. I won't touch mine for 7 more years at RMD time and feel that a 5.7 year duration will recover and pay me for "staying the course". If my timeline was shorter, I would reduce my duration to match the need for the funds. That could ...
by dwickenh
Tue Jul 17, 2018 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: Considering lump sum withdrawal from former employer's retirement fund, to have $ actively managed by pro $ manager
Replies: 10
Views: 1059

Re: Considering lump sum withdrawal from former employer's retirement fund, to have $ actively managed by pro $ manager

Just say "no" to UBS' QGARP. Go with a simple 3 fund portfolio and keep contributing the max allowed. Contributing the max will do much more for your retirement than the UBS' QGARP. You are in good shape, just don't fidget with it too much now other than making it simple(3 fund Port) Best to you, Dan
by dwickenh
Sun Jul 15, 2018 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Property tax + deductions
Replies: 25
Views: 3102

Re: Property tax + deductions

I am trying to better plan our savings for this year. Can someone shed some light on how deductions work with property taxes. We live in a VHCOL area and our property taxes are rather high. It is ~30k on a 2.5 million house. Do we get to write off a portion of our property taxes? What are some ways...
by dwickenh
Sun Jul 15, 2018 7:44 am
Forum: Investing - Help with Personal Investments
Topic: Need to generate income
Replies: 27
Views: 2595

Re: Need to generate income

I’ve looked at vanguard managed payout fund and their reits and other funds not sure which way to go. I’ve thought about contacting vanguard personal advisor to hear their thoughts Vanguard has a very good income fund called Wellesley Income Fund. It has very low expenses, good management, and a gr...
by dwickenh
Sun Jul 15, 2018 7:36 am
Forum: Investing - Help with Personal Investments
Topic: Should I simplify my portfolio and switch from 3 fund to 2 fund portfolio?
Replies: 45
Views: 2319

Re: Should I simplify my portfolio and switch from 3 fund to 2 fund portfolio?

So right now I have about 60% VTI (US stock index) 30% VXUS (non-US stock index) 10% BND (US bond index) I'm thinking maybe I could make my stock portfolio even more simple and get rid of 30% VXUS and switch it to 90% VTI and 10% BND. Why? Because American companies still have their income coming f...
by dwickenh
Sun Jul 15, 2018 7:32 am
Forum: Investing - Help with Personal Investments
Topic: AA Help
Replies: 2
Views: 185

Re: AA Help

Since you are comfortable with your 47/53 asset allocation and if you can accomplish all of your goals, you should stick to it. A 50/50 portfolio is a great asset allocation to have in retirement. I happen to agree with this assessment. Being comfortable with your allocation and able to meet your g...
by dwickenh
Sat Jul 14, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Questioning insurance valuation for homeowners
Replies: 24
Views: 1317

Re: Questioning insurance valuation for homeowners

The replacement cost calculation has a direct effect on the premium being paid to the Insurance company. So why would anyone just agree without checking the replacement cost of their home. It is easy to check any local new housing with close square footage and subtract the cost of the lot(as it neve...
by dwickenh
Wed Jul 11, 2018 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Dad asked for my help on pension decision that I do not understand
Replies: 43
Views: 3421

Re: Dad asked for my help on pension decision that I do not understand

Annuities make me nervous, because they depend on the insurance company staying in business, Or is that wrong? Is there some other guarantee? Most state insurance agencies have funds that cover insolvency up to a dollar amount. For example in Illinois you are protected for an an annuity up to $250,...
by dwickenh
Wed Jul 11, 2018 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Dad asked for my help on pension decision that I do not understand
Replies: 43
Views: 3421

Re: Dad asked for my help on pension decision that I do not understand

Annuities make me nervous, because they depend on the insurance company staying in business, Or is that wrong? Is there some other guarantee? Most state insurance agencies have funds that cover insolvency up to a dollar amount. For example in Illinois you are protected for an an annuity up to $250,...
by dwickenh
Tue Jul 10, 2018 7:17 pm
Forum: Personal Consumer Issues
Topic: Rodents ate my car, and my insurance is ripping me off!
Replies: 37
Views: 2944

Re: Rodents ate my car, and my insurance is ripping me off!

I have experience with this type of claim. The LKQ fuel tank(used) is normally not a concern on a vehicle 5 years old. The only thing I would wonder about is the wiring that was chewed. Was it to the in tank fuel pump? I would not want to accept a used fuel pump from the salvage yard. The labor dif...
by dwickenh
Tue Jul 10, 2018 9:19 am
Forum: Investing - Theory, News & General
Topic: Investing for Income Vs. Taking Withdrawals?
Replies: 6
Views: 700

Re: Investing for Income Vs. Taking Withdrawals?

These "high yield" products make me queasy. I see folks reaching for yield without concern for principle or growth. I read the same type of articles on a regular basis and find them too risky for me. Your mileage may vary.

Dan
by dwickenh
Tue Jul 10, 2018 9:12 am
Forum: Personal Consumer Issues
Topic: Auto Tariffs: time to buy?
Replies: 63
Views: 3830

Re: Auto Tariffs: time to buy?

Pajamas wrote:
Tue Jul 10, 2018 9:01 am
dwickenh wrote:
Tue Jul 10, 2018 8:59 am
Pajamas wrote:
Tue Jul 10, 2018 8:54 am
Have you considered waiting to buy one of the newer models that burns coal?
Or the solar model from years past..........
Solar models won't get enough sun through the haze from the coal models. . . .
LOL good point PJ!!
by dwickenh
Tue Jul 10, 2018 9:11 am
Forum: Personal Consumer Issues
Topic: Rodents ate my car, and my insurance is ripping me off!
Replies: 37
Views: 2944

Re: Rodents ate my car, and my insurance is ripping me off!

I have experience with this type of claim. The LKQ fuel tank(used) is normally not a concern on a vehicle 5 years old. The only thing I would wonder about is the wiring that was chewed. Was it to the in tank fuel pump? I would not want to accept a used fuel pump from the salvage yard. The labor diff...
by dwickenh
Tue Jul 10, 2018 8:59 am
Forum: Personal Consumer Issues
Topic: Auto Tariffs: time to buy?
Replies: 63
Views: 3830

Re: Auto Tariffs: time to buy?

Pajamas wrote:
Tue Jul 10, 2018 8:54 am
Have you considered waiting to buy one of the newer models that burns coal?
Or the solar model from years past..........