Search found 3551 matches

by RadAudit
Tue Nov 12, 2019 12:20 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 125
Views: 9323

Re: Spend It All vs. Leave $$ for the Kids

Will do good wrote:
Tue Nov 12, 2019 12:04 pm
How did your great aunt set it up so one generation doesn't get to waste it all?
Excellent question! Even better than the usual questions of how much did she leave initially, how was it invested (AA), and what was the withdrawal rate?
by RadAudit
Tue Nov 12, 2019 11:44 am
Forum: Investing - Theory, News & General
Topic: Morningtar--Vanguard Won the Loser’s Game How an outsider conquered the fund industry.
Replies: 1
Views: 334

Re: Morningtar--Vanguard Won the Loser’s Game How an outsider conquered the fund industry.

From the article - In 1975, the year of Vanguard's inception, the consultant Charley Ellis shocked professional investors by informing them that their best chance of winning was in not losing. The more chances they took, the greater the possibility that they would harm themselves by making critical ...
by RadAudit
Tue Nov 12, 2019 9:25 am
Forum: Investing - Theory, News & General
Topic: Rich preparing for market drop
Replies: 18
Views: 1929

Re: Rich preparing for market drop

When they finally get to some more specifics: "and 55% think there will be a significant market sell-off before the end of 2020"... 55%! And finally: "Almost 70% of respondents globally are optimistic about investment returns over the next 10 years." The idea that the "rich," who are not like you a...
by RadAudit
Mon Nov 11, 2019 3:08 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 125
Views: 9323

Re: Spend It All vs. Leave $$ for the Kidsin those

Well, since you asked for opinions ... By now you figured out that opinions on this subject vary according to an individual's personal situation. Mine vary too as I seem to run hot and cold on the question. First, I accept the basic idea of "rags to riches to rags" in three generations. I just don't...
by RadAudit
Fri Nov 08, 2019 9:05 am
Forum: Personal Investments
Topic: Boglehead investing through a major downturn
Replies: 58
Views: 6647

Re: Boglehead investing through a major downturn

what was it like for people who held to a Boglehead approach through 2007/8/9/10? What did it feel like to simply keep contributing the max to your 401(k) into a down market that was an extremely down market? Did you rebalance into equities? Did you keep contributing the max? Lot of interesting rep...
by RadAudit
Wed Nov 06, 2019 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Best month to take RMDs?
Replies: 86
Views: 4537

Re: Best month to take RMDs?

Leaving the annual RMD amount in the traditional IRA for most of the year it should be "taken out" results in more growth (generated by said annual RMD) in the trad. IRA, which in turn means that my next year RMD would be larger, resulting in an even larger tax due. OK. I concur; but, a question. R...
by RadAudit
Wed Nov 06, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Best month to take RMDs?
Replies: 86
Views: 4537

Re: Best month to take RMDs?

You do know the answer depends on personal situations and preferences, don't you? If you do not like your heirs then do the RMD as late as possible to increase the odds that they go crazy figuring this out. I'm sure my heirs will have enough to gripe about me when I'm gone - so might as well add one...
by RadAudit
Mon Nov 04, 2019 4:54 pm
Forum: Personal Investments
Topic: Do you consider pensions as part of your overall asset allocation?
Replies: 67
Views: 5040

Re: Do you consider pensions as part of your overall asset allocation?

I can't rebalance in to and out of my pension, so no. I don't consider it as part of the asset allocation. Of course, by some calculations that probably makes my AA too conservative.
by RadAudit
Fri Nov 01, 2019 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: VG Phone Redemption Privileges?
Replies: 3
Views: 356

Re: VG Phone Redemption Privileges?

livesoft wrote:
Fri Nov 01, 2019 5:09 pm
phone redemption was the way to go
Guess I'll head on back to my cryptic notes and carrier pigeons - and hope the birds don't get fogged in or rained on.


PS: I never had any reason to withdraw money before the internet came on line - so no reason to call.
by RadAudit
Fri Nov 01, 2019 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: VG Phone Redemption Privileges?
Replies: 3
Views: 356

VG Phone Redemption Privileges?

I just got a confirmation message from VG that I've been granted phone redemption privileges on an account. I find that interesting because I didn't request that change to the account and don't particularly want it. The VG representative reported that that's all he does all day long is process phone...
by RadAudit
Fri Nov 01, 2019 10:40 am
Forum: Personal Investments
Topic: Sold half of my IRA bond holdings, bought 3 yr. CD
Replies: 6
Views: 592

Re: Sold half of my IRA bond holdings, bought 3 yr. CD

If you wanted an opinion, shouldn't you have asked before the conversion?

Anyway, the AA looks good.

BTW, what sort of tax deferred income hit (?) did you take inside the tax advantaged account after the conversion compared to before?
by RadAudit
Tue Oct 29, 2019 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: bipolar/alcoholic/broke/jail time - how to move forward financially?
Replies: 37
Views: 4493

Re: bipolar/alcoholic/broke/jail time - how to move forward financially?

Alcoholism is a disease that can't be treated medically or with counseling. It can't be cured, but it can be treated through a twelve-step program IF the person wants it. Nothing can help an alcoholic who doesn't want help. This observation is based on watching hundreds live and die in Alcoholics A...
by RadAudit
Mon Oct 28, 2019 3:51 pm
Forum: Personal Consumer Issues
Topic: Folks age between 65-70. What’s your exercise routine
Replies: 44
Views: 4456

Re: Folks age between 65-70. What’s your exercise routine

Smoke wrote:
Mon Oct 28, 2019 8:07 am
TV remote and computer mouse.
Great idea!
by RadAudit
Sun Oct 27, 2019 6:27 pm
Forum: Personal Investments
Topic: Portfolio help and guidance
Replies: 5
Views: 448

Re: Portfolio help and guidance

Welcome to the forum. Most of these items have been discussed before. A little Googling on the site and / or wiki should provide better answers than I can - but here goes. (Apologies on the absence of a portfolio analysis.) 1) I was thinking of just starting off with classic 3 fund (Total US(VTSAX),...
by RadAudit
Sun Oct 27, 2019 1:59 pm
Forum: Investing - Theory, News & General
Topic: "More evidence that it’s really hard to ‘beat the market’ over time"
Replies: 18
Views: 2803

Re: "More evidence that it’s really hard to ‘beat the market’ over time"

spae wrote:
Sun Oct 27, 2019 1:53 pm
I have some concern that the same people who were telling me I absolutely must buy ... are raving about how great index funds are ...
Probably not a concern worth losing much sleep over. They're more than likely different groups
by RadAudit
Sun Oct 27, 2019 11:31 am
Forum: Personal Investments
Topic: I’m done with index funds
Replies: 201
Views: 20449

Re: I’m done with index funds

Congrats. Glad you found something that works for you. Best of luck in the future.
by RadAudit
Sat Oct 26, 2019 9:14 pm
Forum: Personal Investments
Topic: Do You Pay For Financial Advice?
Replies: 76
Views: 4305

Re: Do You Pay For Financial Advice?

augryphon wrote:
Sat Oct 26, 2019 8:47 pm
so if my girlfriend’s husband shoots me, DW has instructions to ...
It pays to plan ahead. :wink: :dollar
by RadAudit
Sat Oct 26, 2019 8:25 am
Forum: Investing - Theory, News & General
Topic: "More evidence that it’s really hard to ‘beat the market’ over time"
Replies: 18
Views: 2803

Re: "More evidence that it’s really hard to ‘beat the market’ over time"

Thanks for the link to the article.

I enjoyed the comments to the article on all the ways to beat the S&P 500 index. A number of them sounded interesting and … expensive. Also, they seem to require a great deal more time to execute than I have available to commit.
by RadAudit
Fri Oct 25, 2019 1:56 pm
Forum: Investing - Theory, News & General
Topic: How to sub-divide the Europe and Asia allocations
Replies: 14
Views: 646

Re: How to sub-divide the Europe and Asia allocations

So I figure, if this makes sense for the US, then why not for Europe and Asia? I.e.: Developed Europe (10%): 2.5% Large Cap Market 2.5% Large Cap Value 2.5% Small Cap Market 2.5% Small Cap Value Developed Asia (10%): 2.5% Large Cap Market 2.5% Large Cap Value 2.5% Small Cap Market 2.5% Small Cap Va...
by RadAudit
Thu Oct 24, 2019 10:29 am
Forum: Investing - Theory, News & General
Topic: "Invest In The Largest Mutual Fund In The World" World:
Replies: 17
Views: 2651

Re: "Invest In The Largest Mutual Fund In The World" World:

1789 wrote:
Thu Oct 24, 2019 12:25 am
Thanks for sharing, Taylor. We have VTSAX and we sleep like a baby :wink:


+1

It's the largest fund and it still doesn't suffer from asset bloat (Three Fund Portfolio) - or so I'm told by a reliable source.
by RadAudit
Wed Oct 23, 2019 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 104
Views: 9705

Re: Do you plan to actually spend down your portfolio?

I plan to have enough left so DW can spend the remainder of it during her lifetime. If I guess wrong, and there is more left over, I'm sure the kids, grandkids and the US government will pick up the slack.
by RadAudit
Mon Oct 21, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: My husband says I can retire. Is he right?
Replies: 45
Views: 6204

Re: My husband says I can retire. Is he right?

Many women never think their husbands are right. Your call.
by RadAudit
Mon Oct 21, 2019 1:55 pm
Forum: Personal Investments
Topic: High income earner waiting for a bear market to start investing
Replies: 119
Views: 12080

Re: High income earner waiting for a bear market to start investing

Hello Antartic, Congratulations on your success! My advice is going to be straightforward. If you haven't, create a budget and include your investments in the budget plan. Make investing automatic. Then decide on an Investment Policy Statement and/or Asset Allocation to fit your needs. Follow Bogle...
by RadAudit
Sun Oct 20, 2019 3:10 pm
Forum: Investing - Theory, News & General
Topic: Assessing the Value of Advice
Replies: 18
Views: 1730

Re: Assessing the Value of Advice

If the advice results in you changing your portfolio AA in such a way as to increase the chances of you meeting your goals and to increase the chances you will stay the course, it may be worth 0.3% of AUM to some folks - at least until you can go it alone. At least the rationalization sounds reasona...
by RadAudit
Sat Oct 19, 2019 11:37 am
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 9767

Re: Retiring and Getting Over The Fear of Quitting?

If you look at your cumulative chances of death going forward you might be surprised to find out the risk of dying in the next couple years far exceeds the chances of running out of money... Made me look, didn't you? The way I figure, I've got a good chance of dying before I run out of money. The p...
by RadAudit
Sat Oct 19, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: For those who are FI: At what point did you begin to relax?
Replies: 76
Views: 10156

Re: For those who are FI: At what point did you begin to relax?

For those of you who have made it to financial Independence at what point did you begin to feel like you can relax about money and not constantly worried and under pressure? I'm not sure you really want to know; but, here goes. I'm 72. ... When did I relax? Hasn't happened, yet. Different concerns....
by RadAudit
Fri Oct 18, 2019 11:46 am
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 9767

Re: Retiring and Getting Over The Fear of Quitting?

Saving and investing money is what you like to do? Really? C'mon, man! You're better than that. The only thing money is good for is to buy freedom to do what you want to do for as long as you want. There has to be / usually is a point when earning and investing the next available dollar is not as re...
by RadAudit
Thu Oct 17, 2019 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Legacy/Inheritance
Replies: 61
Views: 6598

Re: Legacy/Inheritance

Welcome to the forum. You came to the right place for opinions. Congrats on your good fortune. It's an interesting problem to have. I'm nowhere near to being in your league; but, I'd hold off a bit until I saw if the kids could get established in careers on their own. Depending on your ages and othe...
by RadAudit
Thu Oct 17, 2019 10:58 am
Forum: Investing - Theory, News & General
Topic: "Vanguard Patented a Way to Avoid Taxes on Mutual Funds"
Replies: 140
Views: 9743

Re: "Vanguard Patented a Way to Avoid Taxes on Mutual Funds"

I was shocked, shocked that Gabelli was shocked that Vanguard would employ such a scheme. But, the approach fits in to the Boglehead philosophy of keeping costs (taxes) low. As for it being a loophole, I think the tax code is full of them - otherwise, what are tax accountants for? But, to keep it ac...
by RadAudit
Thu Oct 17, 2019 10:07 am
Forum: Personal Investments
Topic: Rebalancing [Portfolio Review]
Replies: 9
Views: 790

Re: Rebalancing

Deleted. Duplicate.
by RadAudit
Thu Oct 17, 2019 9:20 am
Forum: Personal Investments
Topic: Rebalancing [Portfolio Review]
Replies: 9
Views: 790

Re: Rebalancing

Welcome to the forum. Look here first - https://www.bogleheads.org/wiki/Rebalancing. Other random thoughts - Whatever the reasons, is your spouse going to manage her own investments? If so, that's OK. She can set her own AA in her portfolio to meet her own and / or joint goals. (VG's TRD fund is a g...
by RadAudit
Wed Oct 16, 2019 3:44 pm
Forum: Personal Investments
Topic: How to handle 5M capital gain (post-IPO)
Replies: 118
Views: 11434

Re: How to handle 5M capital gain (post-IPO)

Depending on how long you've been gone, you know more about your former company's competitive advantage and position in the market than us. If it has had a good post-IPO trajectory, I would be inclined to "dollar cost average" out of your holdings in the next couple years, maybe holding a very smal...
by RadAudit
Wed Oct 16, 2019 10:08 am
Forum: Personal Investments
Topic: Cash basically sitting uninvested. What to do?
Replies: 40
Views: 3628

Re: Cash basically sitting uninvested. What to do?

What would you all do in this scenario? Should I start investing it slowly and hope I can dollar cost average over a period of time? Or should I go full bore and throw it all right in? Short answer. To avoid the higher probability of heartburn, do the first. To make the most money, do the second. L...
by RadAudit
Tue Oct 15, 2019 10:55 am
Forum: Personal Investments
Topic: Withdrawal Plan. McClung or Allocation Bands?
Replies: 47
Views: 3321

Re: Withdrawal Plan. McClung or Allocation Bands?

My question is always what do you do when you retire in bad times. Take the 2000 retiree who was 50/50 S&P 500 and bonds. From 2000-2011, the market wasn't up 20%. Is it really ok to hit 2012 with like 14x in stocks and 2x in bonds in nominal dollars? With any of these schemes, you should plot out ...
by RadAudit
Mon Oct 14, 2019 5:55 pm
Forum: Personal Investments
Topic: Withdrawal Plan. McClung or Allocation Bands?
Replies: 47
Views: 3321

Re: Withdrawal Plan. McClung or Allocation Bands?

Uncorrelated wrote:
Mon Oct 14, 2019 5:36 pm
I have calculated optimal non-market timing strategies for various situations using dynamic programming techniques and will be creating a topic to discuss them some time in the future.
Looking forward to it. Best of luck.
by RadAudit
Mon Oct 14, 2019 2:53 pm
Forum: Personal Investments
Topic: Withdrawal Plan. McClung or Allocation Bands?
Replies: 47
Views: 3321

Re: Withdrawal Plan. McClung or Allocation Bands?

My personal opinion is that if you believe in market timing, you should use your market timing indicators to create a path independent asset allocation. McClung's prime harvesting is no such strategy and as far as I'm aware of, no such retirement strategy has been proposed by anyone. it's essential...
by RadAudit
Sat Oct 12, 2019 3:06 pm
Forum: Personal Investments
Topic: Withdrawal Plan. McClung or Allocation Bands?
Replies: 47
Views: 3321

Re: Withdrawal Plan. McClung or Allocation Bands?

His idea is to sell only from bonds until the stock allocation is up 20% from the initial starting point. IIRC, not exactly. I believe the idea was to rebalance to the chosen AA if the value of stocks in the portfolio was higher than 20% from the starting point- not the stock allocation. Might help...
by RadAudit
Sat Oct 12, 2019 10:27 am
Forum: Personal Investments
Topic: Withdrawal Plan. McClung or Allocation Bands?
Replies: 47
Views: 3321

Re: Withdrawal Plan. McClung or Allocation Bands?

I know that there are some threads on this, so if you would point me to those I would appreciate that also. Here's one. https://www.bogleheads.org/forum/viewtopic.php?t=192105 Try the search window for others. His idea is to sell only from bonds until the stock allocation is up 20% from the initial...
by RadAudit
Fri Oct 11, 2019 4:58 pm
Forum: Personal Investments
Topic: Retirees, when did you start really planning your retirement?
Replies: 53
Views: 4999

Re: Retirees, when did you start really planning your retirement?

You start from where you are. For what it's worth, I started planning 50 years ago - but I made a number of changes along the way.

Go to "start here" on the post listings page. They have a retirement start-up kit and a suggested reading list.
by RadAudit
Fri Oct 11, 2019 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard keeps pushing their financial advisors...why?
Replies: 90
Views: 6996

Re: Vanguard keeps pushing their financial advisors...why?

meercat8 wrote:
Fri Oct 11, 2019 12:16 pm
Does anyone know what they are thinking
0.3% AUM per each account they sign up?
by RadAudit
Wed Oct 09, 2019 4:05 pm
Forum: Investing - Theory, News & General
Topic: What does the portfolio one day movement tells you ?
Replies: 11
Views: 990

Re: What does the portfolio one day movement tells you ?

Depending on the direction and size, it's the difference between one after dinner drink and two.
by RadAudit
Tue Oct 08, 2019 7:57 pm
Forum: Personal Investments
Topic: PAS suggested portfolio, too complex ?
Replies: 18
Views: 1712

Re: PAS suggested portfolio, too complex ?

What were the reasons the PAS provided for recommending the ETFs in the DW's side of the portfolio? What does your DW want to do with them?
by RadAudit
Mon Oct 07, 2019 6:50 pm
Forum: Personal Consumer Issues
Topic: Would or should you tip AAA road assistance?
Replies: 67
Views: 4854

Re: Would or should you tip AAA road assistance?

How grateful were you that he responded to your call vs. leaving you by the side of the road? Your call.
by RadAudit
Sun Oct 06, 2019 8:30 pm
Forum: Personal Consumer Issues
Topic: Is Utah the most convenient "Out West" destination for East Coast skiers?
Replies: 42
Views: 4557

Re: Is Utah the most convenient "Out West" destination for East Coast skiers?

criticalmass wrote:
Sat Sep 28, 2019 11:49 pm
surprised to see Bogleheads disparaging Utah.
They aren't disparaging Utah. They just don't want anymore skiers in their favorite resorts.
by RadAudit
Sun Oct 06, 2019 4:23 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces investment strategy -- opinions?
Replies: 48
Views: 4293

Re: Michael Kitces investment strategy -- opinions?

If you intend to have a certain risk-reward of your portfolio, then as years go by and your portfolio grows/shrinks, in the presence of SS, it might be necessary to change the equity % to achieve that intended risk-reward. This is because SS does count as a source of wealth but is not included in y...
by RadAudit
Sun Oct 06, 2019 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Psychologically adverse to start drawing down in retirement
Replies: 82
Views: 8166

Re: Psychologically adverse to start drawing down in retirement

Does anyone have this issue? I'm beginning to think we all have issues. Read this thread. https://www.bogleheads.org/forum/viewtopic.php?f=10&t=291980&newpost=4781520 Take a look at the beginning and ending AA charts. Doesn't seem to make much difference considering the time I've spent pushing numb...
by RadAudit
Sun Oct 06, 2019 9:59 am
Forum: Investing - Theory, News & General
Topic: Michael Kitces investment strategy -- opinions?
Replies: 48
Views: 4293

Re: Michael Kitces investment strategy -- opinions?

If I'm looking at this wrong I'd like somebody to point out the errors in my thinking. Please do the same for me. But, I doubt that you are wrong. I've added a small wrinkle to my withdrawal approach. Hate to call it a strategy. IIRC, McClung suggested a similar approach. (Apologies in advance to M...
by RadAudit
Tue Oct 01, 2019 6:13 pm
Forum: Investing - Theory, News & General
Topic: Know when to hold them and when to fold them......
Replies: 148
Views: 13782

Re: Know when to hold them and when to fold them......

"t is not at all clear to me how one decides when to "stay the course" in face of all the new information, versus when to make adjustments to your plans. If you figure it out, please do let us know.nice" If it's not in your IPS, when you decide to market time, you rationalize and call it new informa...
by RadAudit
Sun Sep 29, 2019 9:23 am
Forum: Investing - Theory, News & General
Topic: Ken Fisher wants you to know that he cares...
Replies: 49
Views: 4472

Re: Ken Fisher wants you to know that he cares...

I recall a saying that goes something like "if a man builds a better mousetrap - even though he lives in the wood - the world will beat a path to his door - but advertising helps." (Thoreau [?], except for the final add on about advertising) So, while Vanguard definitely built a better mousetrap, ma...