Search found 3076 matches

by kenner
Sat May 20, 2017 7:41 pm
Forum: Personal Consumer Issues
Topic: Lawyers charging for asking about fees
Replies: 62
Views: 10126

Re: Lawyers charging for asking about fees

There are plenty of wonderful lawyers in this world. But, broadly, lawyers have earned their reputation. Yes, they have. Some notable lawyers are Thomas Jefferson (a founding father of the United States of America), Abraham Lincoln (who preserved the United States of America) and Franklin Delano Ro...
by kenner
Sat May 13, 2017 4:54 pm
Forum: Investing - Theory, News & General
Topic: American Funds beat out Vanguard Index over lifetime?
Replies: 64
Views: 22764

Re: American Funds beat out Vanguard Index over lifetime?

Greetings, I have read lots of previous forums on Bogleheads. This however, is my first post. I recently read this website: https://www.americanfunds.com/individual/insights/investment-insights/five-american-funds-that-beat-the-first-index-funds-lifetime-results.html?cid=sm_fb_10224 It is from Amer...
by kenner
Wed Apr 26, 2017 12:46 pm
Forum: Personal Investments
Topic: Deferred Annuity
Replies: 7
Views: 1638

Re: Deferred Annuity

Here's information from an article on the internet that might be of some help in your decision-making process (I am assuming this article is based on US tax laws and I have have no opinion on whether this information is accurate): "Getting Out of an Annuity That is NOT an IRA If you own a variable a...
by kenner
Tue Apr 25, 2017 3:09 pm
Forum: Personal Investments
Topic: Deferred Annuity
Replies: 7
Views: 1638

Re: Deferred Annuity

Generally, deferred annuities are investments that can postpone income tax consequences. The current age and marginal income tax bracket of the annuity owner who is selling is relevant. Deferred annuities are often poor investments due to high long-term costs. This Fidelity link may be helpful: http...
by kenner
Tue Apr 25, 2017 3:08 am
Forum: Personal Investments
Topic: [Advice needed for mother's inheritance/finances.]
Replies: 129
Views: 18966

Re: Advice needed for mother's inheritance/finances.

Hello everyone, First off I would like to thank everyone who replied to my last thread, which helped push both my mom and I to take control of our finances rather than allow someone else do it without our best interest in mind. For the unaware, my mom and I trusted a financial advisor to manage all...
by kenner
Wed Apr 05, 2017 2:23 pm
Forum: Personal Consumer Issues
Topic: Auto Accident File claim or not?
Replies: 19
Views: 2154

Re: Auto Accident File claim or not?

Are you certain you are at fault? Most of the time I say the rear ender is going to be at fault, but if the other driver quickly cut into your lane and hit the brakes, it may be a different story. That tells me the other driver was following too closely and/or going to fast. Cutting into another la...
by kenner
Wed Mar 29, 2017 8:36 pm
Forum: Personal Investments
Topic: Have had money in a managed Merrill Lynch account for years, wondering if I should switch
Replies: 30
Views: 3456

Re: Have had money in a managed Merrill Lynch account for years, wondering if I should switch

Please excuse any poor terminology - I am just starting to attempt to become financially literate. I am 22 years old and have an inheritance of 250,000 placed in an actively managed portfolio of mutual funds at Merril Lynch. Over the past year I have begun to read personal finance books to start ge...
by kenner
Mon Mar 20, 2017 11:33 am
Forum: Personal Investments
Topic: Malpractice Asset Protection
Replies: 18
Views: 2072

Re: Malpractice Asset Protection

I am about 10+ yrs out as attending. I have heard and read numerous times that the risk of losing assets is miniscule. Retirement accounts, pensions and house titled a certain way offers protections if you have a spouse. If you are still concerned, consult a good specialized attorney. Agree with th...
by kenner
Tue Feb 14, 2017 3:56 pm
Forum: Investing - Theory, News & General
Topic: Why Bull and Bear?
Replies: 11
Views: 1566

Re: Why Bull and Bear?

Bulls are very aggressive, especially in an arena (i.e., bullrings in Ernest Hemingway's depictions of Spain).

Bears hibernate/sleep for lengthy periods of time.

Maybe as good a guess as any.
by kenner
Tue Feb 14, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Car accident - at-fault driver's insurance dragging their feet
Replies: 22
Views: 5388

Re: Car accident - at-fault driver's insurance dragging their feet

OK, that makes sense that without Collision coverage, there was very little your insurance company could (or would) do in your case. That is exactly the point I was making. The sooner the at-fault driver's insurance company has all information necessary to evaluate the damages (degree of fault, rep...
by kenner
Tue Feb 14, 2017 11:31 am
Forum: Personal Investments
Topic: My portfolio - thoughts?
Replies: 9
Views: 1320

Re: My portfolio - thoughts?

prudent wrote:Welcome to bogleheads!

Please edit your post (using the "pencil" icon in the upper right corner of your post) to include the names of the funds/ETFs.
Also, it would be helpful if you list annual expense ratios for the funds.
by kenner
Mon Feb 13, 2017 7:27 pm
Forum: Personal Investments
Topic: Newbie
Replies: 5
Views: 760

Re: Newbie

Yngdoc,

This is an excellent place to introduce yourself.

Welcome to the forum!
by kenner
Mon Feb 13, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Car accident - at-fault driver's insurance dragging their feet
Replies: 22
Views: 5388

Re: Car accident - at-fault driver's insurance dragging their feet

The at-fault party's insurance company may be waiting on the accident report, witness statements, evidence of the physical damage to the vehicles, repair estimates, etc. Do you have current access to any of this? Yes, they might be. Then again, they may be just "stalling". True. In which case I wou...
by kenner
Mon Feb 13, 2017 4:44 pm
Forum: Personal Investments
Topic: why invest internationally?
Replies: 72
Views: 5651

Re: why invest internationally?

Diversification.

Not too long ago, International Stocks experienced an entire decade of price and return performance that was double the price and return performance of the U. S. Stock market.

Decreasing International stock exposure may be wise. Eliminating International may not be wise.
by kenner
Mon Feb 13, 2017 4:23 pm
Forum: Personal Investments
Topic: 37-yr-old new investor with Vanguard
Replies: 7
Views: 1778

Re: 37-yr-old new investor with Vanguard

Hi there, My partner and I are both self employed and are starting our first IRAs (for 2016). I spoke with a financial advisor at our credit union, and while I was comfortable with his funds and recommendations ... It might be helpful if you indicate what you liked about his/her funds and recommend...
by kenner
Mon Feb 13, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Car accident - at-fault driver's insurance dragging their feet
Replies: 22
Views: 5388

Re: Car accident - at-fault driver's insurance dragging their feet

The at-fault party's insurance company may be waiting on the accident report, witness statements, evidence of the physical damage to the vehicles, repair estimates, etc. Do you have current access to any of this?
by kenner
Mon Feb 13, 2017 3:55 pm
Forum: Personal Investments
Topic: Help, please... Variable Annuity to IRA or other
Replies: 20
Views: 1493

Re: Help, please... Variable Annuity to IRA or other

Over the past 5 years, I have rolled several previous 401K accounts over into a New York Life Variable Annuity totaling approx $61K. After learning the importance of keeping fees low, and investing in index funds, I have come to the realization that my money is in the wrong place for me (if you dis...
by kenner
Mon Feb 13, 2017 3:40 pm
Forum: Personal Investments
Topic: New to Forum Questions
Replies: 46
Views: 5073

Re: New to Forum Questions

I agree with Retiredjg's comments.

You'd essentially have "competing" asset allocations.

Who knows ? In a decade or two you may be in a position to tell us all that transferring a large portion of your family's wealth to your advisor was the best financial move you ever made.

Good luck.
by kenner
Mon Feb 13, 2017 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Power of attorney question
Replies: 13
Views: 1657

Re: Power of attorney question

Dan999 wrote: I have decided this is one of those situations, in which I will stay out of it since my input was not requested.
This may be a very good decision. You have already given sound guidance. In some situations, there's only so much that a well-meaning family member can do.
by kenner
Mon Feb 13, 2017 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Power of attorney question
Replies: 13
Views: 1657

Re: Power of attorney question

My brother ... is executor of her estate. He is to distribute the assets as he sees fit when she passes. My brother is in very poor health, so his daughter has a power of attorney over him. They do not have a legal background. I have no interest in the estate. It does not amount to much, and may be...
by kenner
Sun Feb 12, 2017 3:38 pm
Forum: Personal Investments
Topic: Please critique my starting portfolio & plan
Replies: 5
Views: 1139

Re: Please critique my starting portfolio & plan

Rosebranch, Welcome to the forum. The presentation of your investment plan is very impressive. Of course, I'm biased because my own introduction to the Boglehead's investment methodology was also largely inspired by the writings of Rick Ferri, including the compelling logic behind the Core Four port...
by kenner
Sun Feb 12, 2017 2:18 pm
Forum: Personal Investments
Topic: 3 fund portfolio
Replies: 19
Views: 4599

Re: 3 fund portfolio

What do you mean when you say the SPIA money can't be passed on to heirs? I recommend you read this article by highly respected Boglehead, Mike Piper: http://www.obliviousinvestor.com/single-premium-immediate-annuity/ The issue regarding heirs/inheritance appears about half-way down the article. Th...
by kenner
Sun Feb 12, 2017 12:33 pm
Forum: Personal Investments
Topic: 3 fund portfolio
Replies: 19
Views: 4599

Re: 3 fund portfolio

I think there is too much in cash, but still don't want to go into bond funds since they will loose principle when rates rise. I was talking to a Schwab rep. about setting up a CD ladder, but not as liquid, need to keep the RMD requirement every year. USAA Retirement Annuity Single Premium 4% Inter...
by kenner
Sat Feb 11, 2017 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: suggested auto liability levels?
Replies: 13
Views: 3602

Re: suggested auto liability levels?

Okay. So how much insurance should be carry? As to current liability, I'm well insured. This question regards my son's insurance, not mine. The correct answer is that enough insurance should be carried to cover any potential liability. But, of course, that is impossible to predict ahead of time. I ...
by kenner
Sat Feb 11, 2017 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: suggested auto liability levels?
Replies: 13
Views: 3602

Re: suggested auto liability levels?

He has more than a car to lose. He has future wages that can be garnished to pay a liability claim. Moreover, if applicable state law follows the doctrine of vicarious liability, the car's owners of record at the time of an accident (it sounds like that may be you at least until August or later) ma...
by kenner
Sat Feb 11, 2017 3:27 pm
Forum: Personal Investments
Topic: Need advice on setting up first Investment account
Replies: 14
Views: 1373

Re: Need advice on setting up first Investment account

I will try to find that information but I don't think they have it on their website. I would also take that graph with a grain of salt as it includes contributions from staff members that join the UN after 2008. Each staff member that joins adds from their income monthly to the pension fund. Your p...
by kenner
Sat Feb 11, 2017 1:12 pm
Forum: Personal Investments
Topic: Need advice on setting up first Investment account
Replies: 14
Views: 1373

Re: Need advice on setting up first Investment account

I apologies for nothing having this information on hand at the start and should have provide the information up front. This is the market value of our fund. As you can see the nominal rate of return is 2.02% http://imd.unjspf.org/marketvalue/marketvalue.pdf Secondly I looked at our pension estimate...
by kenner
Sat Feb 11, 2017 12:45 pm
Forum: Personal Investments
Topic: Need advice on setting up first Investment account
Replies: 14
Views: 1373

Re: Need advice on setting up first Investment account

Yes she can opt in if need be. But she is taking a sabbatical from work to be with our son. At some point, it will be helpful to know the investment options provided in her 401k, including expense ratios, ticker symbols, etc. It is generally best to evaluate a family's total asset allocation as com...
by kenner
Sat Feb 11, 2017 11:58 am
Forum: Personal Investments
Topic: Need advice on setting up first Investment account
Replies: 14
Views: 1373

Re: Need advice on setting up first Investment account

Faisal wrote:
My wife works but does not have a IRA or a 401lk. She opted out to have more cash on hand.
Can she opt back in at some point?
by kenner
Fri Feb 10, 2017 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Should I still get a Fin Advisor if I only want a lazy portfolio?
Replies: 29
Views: 3743

Re: Should I still get a Fin Advisor if I only want a lazy portfolio?

He doesnt get that you plan retirement before you retire. Whew. Thank you as I am feeling so much better now that I can get the VPAS! The judgment of the ages is that the most successful retirements were carefully and meticulously planned decades ahead of time. I hope that you and DH become one of ...
by kenner
Fri Feb 10, 2017 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Should I still get a Fin Advisor if I only want a lazy portfolio?
Replies: 29
Views: 3743

Re: Should I still get a Fin Advisor if I only want a lazy portfolio?

Tyro, My suggestion is that you and DH kick back and relax over the weekend, maybe have a couple glasses of wine. This is not a race, it is a path to develop the best long-term plan for your family's future wealth in the most efficient, cost-effective way possible. That includes utilizing all releva...
by kenner
Fri Feb 10, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Should I still get a Fin Advisor if I only want a lazy portfolio?
Replies: 29
Views: 3743

Re: Should I still get a Fin Advisor if I only want a lazy portfolio?

Tyro, Just noticed you have two posts going simultaneously. Since you've already indicated that you intend to contact VPAS, I recommend that you slow down, arrange a joint telephone conference to include you, your DH and a VPAS representative to discuss your entire financial picture in order to obta...
by kenner
Thu Feb 09, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Should I still get a Fin Advisor if I only want a lazy portfolio?
Replies: 29
Views: 3743

Re: Should I still get a Fin Advisor if I only want a lazy portfolio?

You may be perfect candidates for Vanguard Personal Advisor Service. Their Certified Financial Planners (the top of the heap) will work with you in order to help you set up an investment plan suited to your unique situation and long term goals. The initial cost will be 0.30% per year of assets under...
by kenner
Thu Feb 09, 2017 2:34 am
Forum: Personal Investments
Topic: 3 fund portfolio
Replies: 19
Views: 4599

Re: 3 fund portfolio

[quote="PickitPaul"]I am interested in the 3 fund portfolio, but does it work for income generation in retirement? First and foremost, it seems that the best long-term retirement investment portfolio approach may be to maximize total investment return (as opposed to just income, depending on the amo...
by kenner
Wed Feb 08, 2017 4:24 pm
Forum: Investing - Theory, News & General
Topic: Rand Paul predicts bubble / boom in stock market
Replies: 16
Views: 2619

Re: Rand Paul predicts bubble / boom in stock market

In my opinion, Rand Paul's prediction is probably correct.

But then again, I do not trust his opinion - or mine - enough to do anything other than "stay the course" for the long run. A large number of investor mistakes are psychological in nature.
by kenner
Tue Feb 07, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Is this car insurance claim able to be filed?
Replies: 5
Views: 1204

Re: Is this car insurance claim able to be filed?

Could someone let me know if there is even an option to file a claim for this sort of thing? I assume it depends on what insurance options you have...if that is the case, what options would you have to have, to cover such a thing? Or is this non-coverable? If the friend was somehow negligent (i.e.,...
by kenner
Sun Feb 05, 2017 5:40 pm
Forum: Personal Consumer Issues
Topic: Walkable Florida
Replies: 17
Views: 2658

Re: Walkable Florida

Barefootgirl wrote: ... are there any neighborhoods in that area that might be reasonable priced, but also walkable to shops and a downtown park or coffee shop?
A possibility is the Venice, Florida area, located between Sarasota and Punta Gorda.
by kenner
Sun Feb 05, 2017 4:48 pm
Forum: Investing - Theory, News & General
Topic: Diversification Benefit of a specific asset class
Replies: 10
Views: 1502

Re: Diversification Benefit of a specific asset class

pop77 wrote:Good point. I think % Bonds is the key decision and provides most of the diversification, other slicing and dicing is all gravy..
... or all wasted effort and mental energy. Unless, of course, you know more than the millions of investors who actually determine market prices.
by kenner
Thu Jan 26, 2017 3:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Personal Advisor Services vs Roboadvisors
Replies: 7
Views: 1146

Re: Vanguard Personal Advisor Services vs Roboadvisors

I have used Vanguard Personal Advisor Services (VPAS) in the past. I decided to simply handle rebalancing myself after about a year with their service. If you already have a solid investment portfolio that will suit your financial needs for the long term (with the exception of occasional re-balanci...
by kenner
Wed Jan 25, 2017 1:39 pm
Forum: Personal Investments
Topic: Completely new/oblivious to most of this... need advice
Replies: 16
Views: 1927

Re: Completely new/oblivious to most of this... need advice

They've run out of their trusts but have been receiving "encroachments" from future inheritances from the way I understand things. This sounds like at least some of the res (corpus) of their trusts has been depleted. As in all cases, knowledge is power. But there seems to be a significant lack of k...
by kenner
Mon Jan 23, 2017 5:45 pm
Forum: Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 11767

Re: Edward Jones [Looking for alternatives]

Hello, To be honest I don't have a lot of knowledge about investing. The first question is: Do you want to learn more in order to save the prohibitive costs of EJ? First lesson: EJ is a bad choice. What investments has EJ recommended to you? What are the total costs to you of those recommendations?
by kenner
Mon Jan 23, 2017 4:36 pm
Forum: Personal Investments
Topic: Please help me [Transfer IRA]
Replies: 38
Views: 3543

Re: Please help me [Transfer IRA]

While I do like VANGUARD, they do not have good service. When I transferred funds in to VGD they 'lost' over $1M. Yes I finally got it back but VANGUARD had no idea where it was until I made several complaints. I am now in the process of making a transfer again and after 10 days VGD has taken no ac...
by kenner
Mon Jan 23, 2017 1:11 am
Forum: Personal Investments
Topic: Please help me [Transfer IRA]
Replies: 38
Views: 3543

Re: Please help me [Transfer IRA]

Deb, Based on the information you have posted, I believe that your - and your family's - future financial well-being will be best served if you enlist the services of Vanguard's Personal Advisor Service (VPAS). VPAS experts (Certified Financial Planners, the top of the heap) will consider all aspect...
by kenner
Sun Jan 22, 2017 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance questions and help
Replies: 19
Views: 4612

Re: Umbrella insurance questions and help

Having spent a few decades litigating cases involving injury and death It's been said a few times that lawyers don't go after assets beyond the insurance amount. Why is it that? thx Generally, that is likely because dollar amounts beyond the insurance coverage limits may be uncollectible. And even ...
by kenner
Sun Jan 22, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance questions and help
Replies: 19
Views: 4612

Re: Umbrella insurance questions and help

Having spent a few decades litigating cases involving injury and death It's been said a few times that lawyers don't go after assets beyond the insurance amount. Why is it that? thx Generally, that is likely because dollar amounts beyond the insurance coverage limits may be deemed to be legally unc...
by kenner
Sun Jan 22, 2017 9:51 pm
Forum: Personal Investments
Topic: Please help me [Transfer IRA]
Replies: 38
Views: 3543

Re: Please help me [Transfer IRA]

NFL playoff Sundays are typically a bit slow on responses. Your investment portfolio is a lot better than some we see.

Your portfolio has a lot going on. Hopefully, you will receive helpful input soon.
by kenner
Sun Jan 22, 2017 6:21 pm
Forum: Investing - Theory, News & General
Topic: Fed Rate [may go] to 3% - [investing consequences?]
Replies: 85
Views: 11579

Re: Fed Rate [may go] to 3% - [investing consequences?]

We have to go back to the 1950s to find similarly low yields. Here we can find: Date FFR 10yr --------- ---- ---- Jul 1954 0.25 2.30 Feb 1956 2.50 2.84 https://fred.stlouisfed.org/graph/?g=csbi So FFR increased by 205 basis points while 10-year Treasury increased by only 54 basis points. Kevin It's...
by kenner
Sun Jan 22, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance questions and help
Replies: 19
Views: 4612

Re: Umbrella insurance questions and help

The idea that one should purchase insurance based on their net worth is misguided. Having spent a few decades litigating cases involving injury and death, I agree with Daryl's statement. If and when your liability coverage is exhausted, your net worth is always at risk (largely dependent on state a...
by kenner
Sat Jan 21, 2017 5:14 pm
Forum: Investing - Theory, News & General
Topic: Fed Rate [may go] to 3% - [investing consequences?]
Replies: 85
Views: 11579

Re: Fed Rate [may go] to 3% - [investing consequences?]

The author's figures do add up then and his strategy to offset rising rates is the bond ladder. Another strategy is to have your bonds set for a target date maturity, like 2020, based on the peak predicted in 2019 for the FFR. My personal favorite is just shortening maturity when rising rate predic...
by kenner
Sat Jan 21, 2017 4:26 pm
Forum: Investing - Theory, News & General
Topic: Fed Rate [may go] to 3% - [investing consequences?]
Replies: 85
Views: 11579

Re: Fed Rate [may go] to 3% - [investing consequences?]

Here's the author's explanation : In the 31-year period of rising rates from 1950 to the peak in 1981, total return for the 10-year Treasury index (used as a proxy for bond funds throughout this paper) averaged 2.2% even though the average coupon over the period was 5.6%. If rates begin to rise aga...