Search found 187 matches

by racy
Sat Apr 21, 2018 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: 401K fund selection through Wells Fargo
Replies: 3
Views: 204

Re: 401K fund selection through Wells Fargo

If I were in your position, I'd petition my employer to find another 401k sponsor other than Wells Fargo. (Google their history and fines).
by racy
Fri Apr 06, 2018 3:38 pm
Forum: Investing - Theory, News & General
Topic: What is Megacorp?
Replies: 62
Views: 4467

Re: What is Megacorp?

bottlecap wrote:
Fri Apr 06, 2018 1:19 pm
It’s safe to say that Megacorp is represented by Big Law.

Proceed accordingly.

JT
And, further, likes Big Government's regulations (which it can afford & small competitors cannot)!
by racy
Tue Mar 27, 2018 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Should we take income from our tax-deferred acct first?
Replies: 7
Views: 831

Re: Should we take income from our tax-deferred acct first?

OP here ...
Thank you all for taking the time to reply and help. Much appreciated. I'll take the advice to do Roth conversions, between DW's retirement and age 70 SS.
racy
by racy
Mon Mar 26, 2018 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: Should we take income from our tax-deferred acct first?
Replies: 7
Views: 831

Should we take income from our tax-deferred acct first?

I understand that the general advice on the sequence of accounts from which to withdraw retirement income is to tap one’s taxable account first. However, some advisors caution that this isn’t always preferable for everyone, especially for those with large tax-deferred accounts. Am I one of those? I ...
by racy
Fri Mar 16, 2018 4:31 pm
Forum: Personal Consumer Issues
Topic: Septic Maintenance Routine
Replies: 24
Views: 1510

Re: Septic Maintenance Routine

Pump ours every 4 years on Presidential election years. Easy to remember: Drain The Swamp/Septic
by racy
Fri Mar 16, 2018 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Yearly Bonus - How to invest
Replies: 10
Views: 1140

Re: Yearly Bonus - How to invest

I'd suggest working up a plan. From the wiki: https://www.bogleheads.org/wiki/Investm ... _statement

Also, 'invest' some of the bonus in good books: https://www.bogleheads.org/wiki/Books:_ ... nd_reviews
by racy
Fri Mar 16, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Need for Medicare supplemental plan?
Replies: 146
Views: 7187

Re: Need for Medicare supplemental plan?

I hate buying insurance (and never extended warranties), but we do buy Medicare Plan G since we do travel outside the US. So, I'm covered if the tour bus backs over me or if I if a fall down & get a concussion going down the ramp of a Viking river cruise boat.
by racy
Tue Mar 13, 2018 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Investor vs Admiral Shares
Replies: 14
Views: 1700

Re: Investor vs Admiral Shares

You can check the savings with this calculator: http://buyupside.com/calculators/feesdec07.htm
They add up over a lifetime of investing.
by racy
Mon Mar 05, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Questions - Vanguard Personal Advisor Services
Replies: 11
Views: 1083

Re: Retirement Questions - Vanguard Personal Advisor Services

mhalley wrote:
Mon Mar 05, 2018 7:25 pm
.... No reason to pay vanguard the .3%, just go ahead and implement it on your own, ...
+1 Yes, I'd find a better use of $5400 than giving it to Vanguard, yearly.
by racy
Sun Mar 04, 2018 2:55 pm
Forum: Investing - Theory, News & General
Topic: What is your investment strength?
Replies: 70
Views: 5280

Re: What is your investment strength?

Happened to be paying attention in class when the subject of 'compound interest' came up. And, let work since 1976.
by racy
Sat Feb 24, 2018 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestions for Reasonably Safe Funds
Replies: 33
Views: 2528

Re: Suggestions for Reasonably Safe Funds

... I want to move my money to Vanguard. Can anyone recommend a reasonably safe mutual fund that pays slightly higher return than the stable value funds I am presently in? ... I am only looking for something like a 3% return rate. Any suggestions? Yes, it's better than stable value, it's reasonably...
by racy
Tue Feb 06, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 13827

Re: Financial Hole

Ok, so here's an article about how to kill your $1000 grocery bill. https://www.mrmoneymustache.com/2012/03/29/killing-your-1000-grocery-bill/ My grocery bill is maybe $100 a week...I'll get to that worksheet the next chance I get. Right now I'm working 8 days straight,so maybe an hour or 2 after g...
by racy
Sat Feb 03, 2018 8:32 am
Forum: Personal Consumer Issues
Topic: Life Balance of spending and saving
Replies: 54
Views: 4816

Re: Life Balance of spending and saving

As to the question of use & ongoing interest, my observation: We don't have a pool, but do live on a lake. There are probably 50 other homes on the lake, too, 95% with boats in docks along the shore. We've been here 15 years and I've noticed that many new comers will use their boat for about 2 or 3 ...
by racy
Fri Feb 02, 2018 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Today was a Really Bad Day
Replies: 278
Views: 47211

Re: Today was a Really Bad Day

I'll be interested to see what the financial porn talking heads have to say tomorrow. A couple of days ago when the market dropped 1/2 percent, Mario Bartiromo at Fox Business described it as "carnage"...
When it dropped 2 1/4% today it must be, what?, Armageddon?
by racy
Thu Feb 01, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: How to know if you really have enough for the future
Replies: 10
Views: 1598

Re: How to know if you really have enough for the future

Darrow Kirkpatick runs a site called "Can I Retire Yet". He has collected a data base of free retirement calculators (up to 82 now, he reports). He hasn't done testing on all of them, but he says "Rather than attempt to compare or validate so many calculators in-depth, I’m offering a “curated” list ...
by racy
Sat Jan 13, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: AA is much harder than I thought...
Replies: 45
Views: 5062

Re: AA is much harder than I thought...

I'm 33 and have only been in the markets about a year. I'm doing my best to learn from the masters..... I do believe my portfolio should be at least 80/20, and this is how I'm acting when times are good. It makes me seriously wonder how I will handle a decline... Rather, the investor psychology tri...
by racy
Sat Jan 13, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Where to Invest Emergency Fund
Replies: 11
Views: 1034

Re: Where to Invest Emergency Fund

OP, I suggest stop calling all of it an "emergency fund". The amount you truly need for emergencies should be in cash, CDs, or a very short-term bond fund with check writing allowed. The excess, per your desire, will conservatively invested. I have some Wellesley in our diversified portfolio; I call...
by racy
Mon Jan 08, 2018 2:11 pm
Forum: Investing - Theory, News & General
Topic: What is "winning the game" exactly?
Replies: 9
Views: 1415

Re: What is "winning the game" exactly?

I don't know if you've won, but for the record, this from the guy who said it: Bernstein was asked “How much exposure should people have to stocks.” He answered: "A lot of people had won the game before the [2008] crisis happened: They had pretty much saved enough for retirement, and they were conti...
by racy
Sun Jan 07, 2018 10:11 am
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 211
Views: 19806

Re: Memo to those who have won the game: it's time to quit playing

At 65 & feeling like a winner, I have my portfolio set at: 1. Stock allocation of 45%, and 2. Slice/dice into Total Stk, Wellesley, Sm Cap, REIT, Int'l & Health sector. I slice/dice so that I'm not concentrated in Apple, Microsoft, Alphabet, Amazon & Facebook. I don't want to see too much overlap in...
by racy
Wed Jan 03, 2018 8:17 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 483
Views: 40789

Re: What frugal thing did you do today?

Volunteer at the county food pantry, so take all the day-old bread I can handle...
by racy
Wed Dec 27, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 4302

Re: Miata as second car

If I was wanted to buy a Miata (which I did) or a BMW motorcycle (which I did), I wouldn't ask this forum what they thought! (But, then again, I did pay cash for both).
by racy
Sun Dec 17, 2017 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal SS benefits
Replies: 32
Views: 2368

Re: Spousal SS benefits

You can input variables here and get a recommendation. http://www.bedrockcapital.com/ssanalyze/
(Play around with the "expected age of death". For my situation, an increase of one year greater than the default life expectancy made a significant change in strategy).
by racy
Sun Dec 17, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Spousal SS benefits
Replies: 32
Views: 2368

Re: Spousal SS benefits

Go to the official Social Security website, here: https://www.ssa.gov/OACT/quickcalc/spouse.html
There is a calculator that spells out "benefits for spouses".
by racy
Tue Dec 12, 2017 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Year end review with less nerdy spouse
Replies: 72
Views: 8489

Re: Year end review with less nerdy spouse

I'm the spreadsheet jockey in our house. A couple of years ago I created a one Excel page summary, with a lot of linked info, to pull together essential info for DW. I update it monthly and annually. The summary shows rolling 12 month and annual data on: month expenses, expenses YTD vs plan; portfol...
by racy
Sat Dec 09, 2017 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Do you have any guilty pleasure investments?
Replies: 53
Views: 3485

Re: Do you have any guilty pleasure investments?

Almost shamed to admit it, but 5% of portfolio is in VGHAX Vanguard Healthcare (managed, sector fund).
by racy
Sat Dec 09, 2017 8:09 am
Forum: Personal Consumer Issues
Topic: I am buying a car: Most/Least Reliable Makes?
Replies: 83
Views: 5883

Re: I am buying a car: Most/Least Reliable Makes?

My car reliability experience through the years: Triumph TR7 - would just die unexpectedly Jeep Cherokee & Laredo - annual gasket replacements for oil leaks Mazda 626 - engine warning light could never be fixed Mazda Miata - (same as above) Honda Accord - no problems Toyota Tacoma pickup - no proble...
by racy
Fri Dec 08, 2017 7:08 am
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 8183

Re: At what age your investments start making more money than you?

43 - 46: portfolio
47 - 50: salary
51 - 55: portfolio
56: salary
57 - 58: portfolio
59: salary
60: portfolio (then retired)
by racy
Wed Dec 06, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Friend buys a lot of stuff because he want's to reduce his tax liability. Is this thinking flawed?
Replies: 47
Views: 4437

Re: Friend buys a lot of stuff because he want's to reduce his tax liability. Is this thinking flawed?

I'd give up on him and encourage his wife to get a job & save/invest herself. I feel sorry for her.
by racy
Wed Nov 29, 2017 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones trap
Replies: 45
Views: 5914

Re: Edward Jones trap

You might show them what that 1.3% fee will cost them over the next couple of decades. http://buyupside.com/calculators/feesdec07.htm
That single digit fee will balloon!!
by racy
Wed Nov 29, 2017 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing at a former employer, should I give them my current salary when they ask?
Replies: 94
Views: 6690

Re: Interviewing at a former employer, should I give them my current salary when they ask?

No, especially if you're underpaid now. As a former manager at megacorp, you'll get a lowball offer and your future annual increases will remain based on that. If they insist, then lie ... give them a salary number you'd like!
by racy
Tue Nov 28, 2017 10:50 am
Forum: Personal Consumer Issues
Topic: How Do You Stay Current With Music?
Replies: 111
Views: 5935

Re: How Do You Stay Current With Popular Music?

I like to play guitar along with the artists on Riffstation. It scrolls chords and shows video of artists performing the song. There is a section of "top trending songs" to stay current. https://play.riffstation.com/ I also subscribe to SiriusXM radio. They have channels dedicated to current music, ...
by racy
Tue Nov 28, 2017 10:20 am
Forum: Investing - Theory, News & General
Topic: Is there any reason to invest in real estate?
Replies: 98
Views: 9096

Re: Is there any reason to invest in real estate?

FWI ... half the Lazy Portfolios have a REIT fund, averaging about 10% of the portfolio. https://www.marketwatch.com/lazyportfolio
by racy
Mon Nov 27, 2017 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation Question
Replies: 19
Views: 1702

Re: Social Security Calculation Question

If you like building spreadsheets, you can construct one for your specific SS situation, here: https://www.thebalance.com/social-secur ... de-2388927
by racy
Sun Nov 26, 2017 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: May reach critical mass soon, how do I protect what I have?
Replies: 26
Views: 3463

Re: May reach critical mass soon, how do I protect what I have?

See page 10 of Vanguard's "Principles for Investing Success" research. https://about.vanguard.com/what-sets-va ... Online.pdf
It indicates you'll need 20 - 40% in stocks for a real return of 3 - 4% (assuming 3% inflation).
by racy
Sun Nov 26, 2017 8:26 pm
Forum: Investing - Theory, News & General
Topic: What did you do right?
Replies: 96
Views: 10241

Re: What did you do right?

Learned to work & show-up every day: did farm chores every morning & evening. Leaned & applied the magic of compound interest. Married someone like-minded about achievement and money. And stayed married. Got a job with a company pension plus a 401k. Achieved work objectives. Got promoted. Paid ourse...
by racy
Wed Nov 22, 2017 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Advice to become wealthy
Replies: 58
Views: 5905

Re: Advice to become wealthy

Oldsport- I copied this from somewhere, I don't remember. But, I liked it and saved it. racy How To Get Rich 1) Make a lot of money a. Get well educated AND learn a trade/job skills/a profession that pays well. It is much easier to have a high net worth when you have a high income b. Don’t stop lear...
by racy
Wed Nov 22, 2017 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Slice and Dice
Replies: 40
Views: 3636

Re: 8 Lazy Portfolios

i have seen members list there portfolios some of there are significantly sliced and diced with 7 8 9 different funds ie small cap value small cap blend etc..my question is how much can that really add to a portfolio over what a 3 fund portfolio. I ask because at some point its just not worth manag...
by racy
Wed Nov 22, 2017 5:58 pm
Forum: Personal Consumer Issues
Topic: Making collegebound Kid Financially Savvy Questions..
Replies: 49
Views: 3340

Re: Making collegebound Kid Financially Savvy Questions..

If you re-read your post there's a lot of "I have done this, I gave her this, we have done this for her, etc." It seems like you're doing a lot for her and she's not doing much on her own (yet). Nor does it sound like she's in an environment where she needs to. Does she have financial responsibilit...
by racy
Wed Nov 22, 2017 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Playing the Car Insurance Deductible Game
Replies: 20
Views: 1983

Re: Playing the Car Insurance Deductible Game

I hate paying premiums and always go for high deductibles (never extended warranties!). My State Farm agent used to call me once a year to "review". My first question was, "how are you going to save me money next year?". She quit wanting to review after a couple years.
by racy
Tue Nov 21, 2017 11:35 am
Forum: Personal Finance (Not Investing)
Topic: where should I put my direct deposit?
Replies: 26
Views: 3076

Re: where should I put my direct deposit?

Sounds like you're cutting it too close if you have to keep checking your bank balance, and stressing about it.
I'd cut back the amount of the auto investment to VG. Then, when your checking balance gets "too big", do a manual transfer to VG.
by racy
Sun Nov 19, 2017 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on my asset allocation?
Replies: 25
Views: 2156

Re: Thoughts on my asset allocation?

They are referencing the work by Eugene Fama and Kenneth French: the 3 Factor Model which showed that small size and value were important components of a stock's value. The Wikipedia: https://www.bogleheads.org/wiki/Fama_an ... ctor_model
by racy
Sun Nov 19, 2017 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: How to take income from IRA?
Replies: 8
Views: 676

How to take income from IRA?

What is the recommended or preferred way(s) to take income from a tax-deferred account? a) take dividends & capital gains from bond funds, or b) take dividends from bond fund & reinvest capital gains, or c) take dividends & capital gains from stock funds, or d) take dividends from stock fund & reinv...
by racy
Thu Nov 16, 2017 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 5546

Re: Fair way to split expenses?

We have a joint account and separate personal accounts (both checking and investment). We agreed on how much personal money each would keep per month, the rest went into joint accounts. The Rule: have to agree on joint spending & investing, but 'no questions asked' about spending from or investing i...
by racy
Tue Nov 14, 2017 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Wife's 401k investment options (high fees!)
Replies: 26
Views: 1568

Re: Wife's 401k investment options (high fees!)

My wife also works at a small firm. She brought up the fact that their 401k had high fees to her boss. About a month later he cancelled the company's plan altogether. No more free money via a company match...
by racy
Mon Nov 13, 2017 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund Portfolio vs Multiple funds
Replies: 11
Views: 1010

Re: 3 fund Portfolio vs Multiple funds

Also, Lazy Portfolios: https://www.marketwatch.com/lazyportfolio (click the portfolio name to see the Vanguard funds each holds).
by racy
Mon Nov 13, 2017 5:55 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 118
Views: 7610

Re: Tipping in living wage state. Redux.

I've always tipped between 10 and 15%, whatever rounds up to an even dollar on the tab. However, my DW, thinks 20% is a minimum....
by racy
Mon Nov 06, 2017 10:00 am
Forum: Investing - Theory, News & General
Topic: Dividends make up for high mutual fund fees
Replies: 31
Views: 2368

Re: Dividends make up for high mutual fund fees

Not that he'd look at it, but here is a calculator that shows the impact of annual fees on the overall return of an investment. Here's a quote from the site and the link. "Annual fees are particularly onerous because the dollar amount that you pay increases as the value of your holdings increases. ....
by racy
Sun Nov 05, 2017 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting with significant other
Replies: 26
Views: 2500

Re: Budgeting with significant other

DW and I celebrated our 40th wedding anniversary last month. We have always had joint money and personal money. The rule is: the other can't say anything about how the other spends personal money. Having done it this way for so long, it's "normal".
by racy
Fri Nov 03, 2017 6:31 am
Forum: Investing - Theory, News & General
Topic: Robert Prechter, Elliott Wave theorist, Fox Business today
Replies: 24
Views: 2130

Re: Robert Prechter, Elliott Wave theorist, Fox Business today

An evaluation and ranking of 68 market forecasters was conducted in May of this year. Spoiler alert! Prechter ranked last! See page 19. https://poseidon01.ssrn.com/delivery.php?ID=166121084101085108013074103064010031037020034052010050028071014127125000076102025101055005123036121059116024104090095113...
by racy
Thu Nov 02, 2017 7:18 pm
Forum: Investing - Theory, News & General
Topic: Robert Prechter, Elliott Wave theorist, Fox Business today
Replies: 24
Views: 2130

Re: Robert Prechter, Elliott Wave theorist, Fox Business today

My thoughts: This thread should be deleted. Anybody can model the past chart of any stock market with enough Fourier terms. Just because you don't know math is no reason to believe that mathematicians are magicians. I suppose though that Fake News is the Law of the Land nowadays. Oh, come on. Join ...