Search found 5946 matches

by David Jay
Tue Jan 15, 2019 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: My Withdrawal Strategy - Poke holes in it
Replies: 13
Views: 1146

Re: My Withdrawal Strategy - Poke holes in it

What is the point of a cash account? If you withdraw from it, you just have to move money from somewhere else to replenish it. As opposed to ? Keeping everything invested then just selling what you need ? What would you do in a bear market ? You have 40% bonds. Hold a couple of years of expenses in...
by David Jay
Tue Jan 15, 2019 9:44 pm
Forum: Investing - Theory, News & General
Topic: Cryptocurrency
Replies: 8
Views: 666

Re: Cryptocurrency

Considering that crypto is based on blockchain technology, cryptos are the future. You need to separate the two to properly understand: 1. Blockchain is the future of secure transactions, see thread on Vanguard’s use of blockchain here: https://www.bogleheads.org/forum/viewtopic.php?t=234444 2. Cry...
by David Jay
Tue Jan 15, 2019 6:04 pm
Forum: Investing - Theory, News & General
Topic: IOTA the new crypto?
Replies: 9
Views: 529

Re: IOTA the new crypto?

It's a competing blockchain that does not want to be called a blockchain. It's single upside is there's no mining. It's downside is there's no point to it . George Gilder argues that blockchain is the future of secure transactions. Vanguard is evaluating blockchain for secure financial data transfe...
by David Jay
Tue Jan 15, 2019 5:35 pm
Forum: Investing - Theory, News & General
Topic: An Annuity Hater Revisits SPIAs
Replies: 15
Views: 1651

Re: An Annuity Hater Revisits SPIAs

Stormbringer wrote:
Tue Jan 15, 2019 5:17 pm
David Jay wrote:
Tue Jan 15, 2019 2:30 pm
Without going full CPI (which last I heard was only being issued by Principle), it is possible to build in some coverage with a fixed 2% or 3% escalator.

I priced a 2% for a 70 YO through the Fidelity website and I was pleasantly surprised.
AIG offers CPI adjustments too.
Cool!
by David Jay
Tue Jan 15, 2019 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Super Aggressive MF or ETFs?
Replies: 18
Views: 772

Re: Super Aggressive MF or ETFs?

In general, Bogleheads are not the "super aggressive" type... :happy
by David Jay
Tue Jan 15, 2019 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Super Aggressive MF or ETFs?
Replies: 18
Views: 772

Re: Super Aggressive MF or ETFs?

Welcome to the forum! Aside from AA (obviously 100% stocks is the most aggressive), nobody knows the future. At BH, we typically build our portfolios around broad based funds - as Jack Bogle says, instead of looking for the needle in the haystack, buy the haystack. There are a few markets that appea...
by David Jay
Tue Jan 15, 2019 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Balanced Index Admiral vs LS Mod Growth>
Replies: 14
Views: 790

Re: Vanguard Balanced Index Admiral vs LS Mod Growth>

I personally really like the LS funds. I have our Roth accounts in an LS fund. I have told my wife that if anything happens to me, dump everything (I have still 6 funds in my traditional IRA) into LS Moderate and let it ride.
by David Jay
Tue Jan 15, 2019 2:30 pm
Forum: Investing - Theory, News & General
Topic: An Annuity Hater Revisits SPIAs
Replies: 15
Views: 1651

Re: An Annuity Hater Revisits SPIAs

Without going full CPI (which last I heard was only being issued by Principle), it is possible to build in some coverage with a fixed 2% or 3% escalator.

I priced a 2% for a 70 YO through the Fidelity website and I was pleasantly surprised.
by David Jay
Mon Jan 14, 2019 11:35 pm
Forum: Investing - Theory, News & General
Topic: How to avoid temptation to buy hot stocks or bitcoin?
Replies: 52
Views: 3295

Re: How to avoid temptation to buy hot stocks or bitcoin?

wootwoot wrote:
Mon Jan 14, 2019 11:26 pm
Sounds like a good time for op to back up the truck and buy Bitcoin now. 80% off the high, buy low and sell high.
really not helpful...
by David Jay
Mon Jan 14, 2019 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: I'm the noobiest noob
Replies: 16
Views: 1265

Re: I'm the noobiest noob

If you haven’t been through it, I recommend that you read Bill Bernstein’s “If You Can”, link to free PDF download here: https://www.etf.com/docs/IfYouCan.pdf
by David Jay
Mon Jan 14, 2019 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Portfolio Mix
Replies: 3
Views: 495

Re: Retirement Portfolio Mix

Everything you have done looks good. As long as you hold your expenses down to, say, $130,000 a year you should be in great shape. On your specific questions: 1. The funds are fine 2. The percentages are fine, a 40/60 is a good retirement portfolio 3. A reasonable alternative, but not needed. I thin...
by David Jay
Mon Jan 14, 2019 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Riskier 5 Year Investment Reco?
Replies: 5
Views: 342

Re: Riskier 5 Year Investment Reco?

I missed the Fidelity note. Check out their “Intermediate Term” bond funds (there is too much term risk with “long term” funds with a 5 year time frame). Then select the highest yielding bond fund holding only “investment grade” bonds. It will typically be holding corporate bonds, but the investment...
by David Jay
Mon Jan 14, 2019 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k) rollover check for 8 cents. Can I ignore it?
Replies: 8
Views: 763

Re: 401(k) rollover check for 8 cents. Can I ignore it?

You probably need to record the amount, but it rounds to zero (you only need to enter whole dollars on your tax return).
by David Jay
Mon Jan 14, 2019 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: One book for my neice, a young mom.
Replies: 20
Views: 1163

Re: One book for my neice, a young mom.

I have been looking for my "one book", and I think I am settling on Bernstein's " The Investor's Manifesto ". It covers some things overlooked by other books, including a chapter on behavioral economics and one on the financial services industry. I intend to recommend " If you can ", if they read th...
by David Jay
Mon Jan 14, 2019 11:26 am
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2019!
Replies: 160
Views: 20216

Re: Roll Call for the Retirement Class of 2019!

Vagabondette wrote:
Sun Jan 13, 2019 7:21 pm
I would post a pic of our truck but it doesn't look like I can. It's a beast! :D
You have to host the picture somewhere else (your dropbox, imgBB, etc.) and insert the link here.
by David Jay
Mon Jan 14, 2019 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Retirement portfolio
Replies: 14
Views: 1350

Re: Retirement portfolio

I love the LS funds. My "Dear Darlene" letter suggests that she put her entire portfolio (all tax advantaged: tIRA and Roth) in one LS fund.
by David Jay
Mon Jan 14, 2019 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA - Did I screw up?
Replies: 3
Views: 195

Re: Backdoor Roth IRA - Did I screw up?

Yes, I am afraid that you messed it up. You must pay taxes based on pro-rata basis as of December 31. So you will pay taxes on $5500 * (percentage of untaxed assets in all tIRA accounts) for 2018. Beginning in 2018, recharacterization is no longer allowed, so I do not see any way out. Worst case, yo...
by David Jay
Mon Jan 14, 2019 10:10 am
Forum: Investing - Help with Personal Investments
Topic: VTSMX in taxable and wanting to to Backdoor Roth?
Replies: 10
Views: 463

Re: VTSMX in taxable and wanting to to Backdoor Roth?

livesoft wrote:
Mon Jan 14, 2019 9:44 am
David Jay wrote:
Mon Jan 14, 2019 9:20 am
Here is a simple solution:
1. Sell VTSMX in taxable.
There would be almost no point in selling VTSMX in taxable...
I took it from the initial post that this holding was the source of the funds for the backdoor.
by David Jay
Mon Jan 14, 2019 9:20 am
Forum: Investing - Help with Personal Investments
Topic: VTSMX in taxable and wanting to to Backdoor Roth?
Replies: 10
Views: 463

Re: VTSMX in taxable and wanting to to Backdoor Roth?

Here is a simple solution:
1. Sell VTSMX in taxable.
2. Do a back-door and put the funds in something "substantially different" from VTSMX inside the new Roth.
3. After 31 days, move the Roth funds to VTSMX (you can exchange funds inside the Roth without incurring any tax liability).
by David Jay
Sun Jan 13, 2019 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: Riskier 5 Year Investment Reco?
Replies: 5
Views: 342

Re: Riskier 5 Year Investment Reco?

The prevailing wisdom here on BH is that no money planned for use within 5 years should be in equities. May I suggest a moderately aggressive bond fund like Vanguard Intermediate Term Corporate (SEC yield 4.27% last time I checked).
by David Jay
Sun Jan 13, 2019 7:26 pm
Forum: Personal Consumer Issues
Topic: [Peter Jackson’s “They shall not grow old” - now showing Jan 21]
Replies: 52
Views: 6579

Re: Encore performance Jan. 21: Peter Jackson’s “They shall not grow old”

bhsince87 wrote:
Sun Jan 13, 2019 4:18 pm
Thanks for the heads up! It was sold out at every theater for miles around for the last showing.
Seats may be more available than Dec. 27, when a lot of folks were off work between the holidays.
by David Jay
Sun Jan 13, 2019 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: I know market timing is a fool's game but...
Replies: 59
Views: 4494

Re: I know market timing is a fool's game but...

yeahman wrote:
Sun Jan 13, 2019 12:22 pm
Anyone else pausing contributions to equities or even reallocating existing money?
I hit a rebalancing band in December, so I bought equities.
by David Jay
Sun Jan 13, 2019 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: Small cap tilting
Replies: 20
Views: 1162

Re: Small cap tilting

Understand that the base BH position is to own the market and accept market returns. From there, some “tilt” away from market return in the belief that a specific factor will outperform the market in the future. Here is my classic line about tilting your portfolio: “What is important about any "tilt...
by David Jay
Sun Jan 13, 2019 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: What is best strategy: Harvest Dividends or Sell shares?
Replies: 3
Views: 445

Re: What is best strategy: Harvest Dividends or Sell shares?

Welcome to the forum. It was not clear to me: Are you withdrawing less than 2.5% or more than 2.5%? If your withdrawal rate (including taxes) is more than than 2.5%, then send the dividends to your checking account and occasionally sell a few shares to replenish the account. If your withdrawal rate ...
by David Jay
Sun Jan 13, 2019 3:23 pm
Forum: Personal Consumer Issues
Topic: [Peter Jackson’s “They shall not grow old” - now showing Jan 21]
Replies: 52
Views: 6579

Encore performance Jan. 21: Peter Jackson’s “They shall not grow old”

[Thread merged into here, see below. --admin LadyGeek] Return engagement! To paraphrase neurosphere’s TD fund statement: “ If you don’t know whether or not you should see this film, you should ” This is a magnificent film of World War One, using only period footage and photos/illustrations. Find a ...
by David Jay
Sat Jan 12, 2019 3:37 pm
Forum: Personal Consumer Issues
Topic: Anyone ever buy Hilton's Timeshares (HGVC)?
Replies: 46
Views: 8446

Re: Anyone ever buy Hilton's Timeshares (HGVC)?

burt wrote:
Wed Feb 24, 2016 8:47 pm
Timeshares are legal; right ? :D
So are equity-indexed annuities inside an IRA.
by David Jay
Sat Jan 12, 2019 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401k - directing payments to a different custodian
Replies: 4
Views: 206

Re: Roth 401k - directing payments to a different custodian

Ross:

Welcome to the forum!

Sorry, your issue may be a bit too esoteric to get an answer, but my post will “bump” your thread for the weekend crowd.
by David Jay
Sat Jan 12, 2019 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual (65 Life) Whole Life Insurance Question
Replies: 31
Views: 6923

Re: Northwestern Mutual (65 Life) Whole Life Insurance Question

https://scontent.ffar1-1.fna.fbcdn.net/v/t1.15752-9/49787409_368753887008704_2881708470459957248_n.jpg?_nc_cat=100&_nc_ht=scontent.ffar1-1.fna&oh=8694582b66f660d6f4be79083a62bf55&oe=5CCC1083 I especially like the NWM salesperson’s “accessible” note on the cash value. Marvelous word choice: implies ...
by David Jay
Fri Jan 11, 2019 9:05 pm
Forum: Investing - Theory, News & General
Topic: Interesting FireCalc Results
Replies: 8
Views: 1722

Re: Interesting FireCalc Results

This is in keeping with most of the research. The issue is that, from a behavioral standpoint, many people can’t handle 70-80% in stocks.
by David Jay
Fri Jan 11, 2019 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual (65 Life) Whole Life Insurance Question
Replies: 31
Views: 6923

Re: Northwestern Mutual (65 Life) Whole Life Insurance Question

Hi Chris, welcome to the forum! Let me try to respond to a few of your specifics: We would then be able to pull money out of the life insurance on years that the market is down so that our retirement lasts longer. The goal would be to be able to pull out of the whole life 3 out of every 10 years whe...
by David Jay
Fri Jan 11, 2019 1:22 pm
Forum: Investing - Theory, News & General
Topic: Is snp charging too much fees for indexing? [Standard-n-Poor index]
Replies: 18
Views: 1183

Re: Is snp charging too much fees for indexing?

To do the math, that is a total fund expense of 40 bucks per year per $100,000 invested.
by David Jay
Fri Jan 11, 2019 1:16 pm
Forum: Investing - Theory, News & General
Topic: Is snp charging too much fees for indexing? [Standard-n-Poor index]
Replies: 18
Views: 1183

Re: Is snp charging too much fees for indexing?

Yes, there is a fee to use the SP500 Index commercially. Since the Vanguard SP500 index fund (Admiral) has total expenses that are 0.0004 of assets (ER=.04%), I am certain that the fee is small and will not measurably affect your results. A fund using any other index will result in different results...
by David Jay
Fri Jan 11, 2019 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion
Replies: 30
Views: 2326

Re: Roth conversion

This is widely discussed here on BH so there is lots of information out there. Here is the Wiki on the subject: https://www.bogleheads.org/wiki/Roth_IRA_conversion May I also suggest this Bogleheads search (click on link), you will find dozens of threads on this topic: https://www.google.com/search?...
by David Jay
Fri Jan 11, 2019 12:04 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2019!
Replies: 160
Views: 20216

Re: Roll Call for the Retirement Class of 2019!

Miriam2 wrote:
Fri Jan 11, 2019 12:23 am
...the normally sage, sensible, sound and sober David Jay...
...said no one ever.
by David Jay
Thu Jan 10, 2019 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: IRA to Roth IRA conversion
Replies: 9
Views: 909

Re: IRA to Roth IRA conversion

For the purpose of pro-rata calculations, the IRS treats all of your tIRA accounts (contributory and rollover) as one account. A rollover tIRA from your 401k is considered by the IRS as common with your contribution tIRA account.
by David Jay
Thu Jan 10, 2019 10:24 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2019!
Replies: 160
Views: 20216

Re: Roll Call for the Retirement Class of 2019!

Thought you might like this, a great coincidence. On GrammaCassie’s “One year to retirement” thread:
David Jay wrote:
bloom2708 wrote:
Wed Jan 09, 2019 2:41 pm
1/15/2019 seems more appropriate. One more year syndrome is not needed. Life is short!
That's a great idea, I think I will just do that :D
by David Jay
Thu Jan 10, 2019 8:41 pm
Forum: Investing - Theory, News & General
Topic: Simultaneous undershirt discussions - Market Indicator?
Replies: 21
Views: 1454

Re: Simultaneous undershirt discussions - Market Indicator?

camper1 wrote:
Thu Jan 10, 2019 8:36 pm
Congrats! So you're shopping for some new work attire.
I am a pretty formal guy. No undershirts for me, I insist on at least a Pocket-T.
by David Jay
Thu Jan 10, 2019 8:22 pm
Forum: Investing - Theory, News & General
Topic: Simultaneous undershirt discussions - Market Indicator?
Replies: 21
Views: 1454

Re: Simultaneous undershirt discussions - Market Indicator?

Sorry if I am a bit giddy, I started the process of cleaning out my office today: It's time for the updated Roll Call for our up-n-coming Retirement Class of 2019! 01 Jan - Tzoellner (60) <<== Welcome to the Class!! 02 Jan - bhsince87 <<== Welcome to the Class!! 05 Jan - Canoesmith 11 Jan - Tycoon 1...
by David Jay
Thu Jan 10, 2019 7:43 pm
Forum: Investing - Theory, News & General
Topic: Simultaneous undershirt discussions - Market Indicator?
Replies: 21
Views: 1454

Re: Simultaneous undershirt discussions - Market Indicator?

Fundhunter wrote:
Thu Jan 10, 2019 6:40 pm
Like a Democrat posting on a GOP website (or vice versa).
Shhh... Lady Geek might show up (I love you LG, just trying to stay in the spirit of the thread)
by David Jay
Thu Jan 10, 2019 6:16 pm
Forum: Investing - Theory, News & General
Topic: Simultaneous undershirt discussions - Market Indicator?
Replies: 21
Views: 1454

Re: Simultaneous undershirt discussions - Market Indicator?

Fundhunter wrote:
Thu Jan 10, 2019 5:43 pm
Is this the right forum for a discussion of market timing strategies? I think not. This is all contrary to the Boglehead philosophy.
I’m sure you are right. Where do I go for absolution from my impure thoughts?
by David Jay
Thu Jan 10, 2019 4:47 pm
Forum: Investing - Theory, News & General
Topic: Simultaneous undershirt discussions - Market Indicator?
Replies: 21
Views: 1454

Re: Simultaneous undershirt discussions - Market Indicator?

bloom2708 wrote:
Thu Jan 10, 2019 4:34 pm
...they are "just right" for undershirts.
So "Mama Bear" market?
by David Jay
Thu Jan 10, 2019 4:20 pm
Forum: Investing - Theory, News & General
Topic: Simultaneous undershirt discussions - Market Indicator?
Replies: 21
Views: 1454

Simultaneous undershirt discussions - Market Indicator?

There are currently two active threads discussing Undershirts. This can't be a coincidence. It must be some kind of cosmic convergence. Like a "star in the east", as it were.

I just can't figure out if it is a "buy" signal or a "sell" signal.
by David Jay
Thu Jan 10, 2019 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH Advice - "Diversification/Simplification"
Replies: 6
Views: 448

Re: ROTH Advice - "Diversification/Simplification"

It is pretty much screaming, "hair on fire" heresy at Bogleheads to select a fund, any fund, with a 1% expense ratio.
by David Jay
Thu Jan 10, 2019 2:58 pm
Forum: Investing - Theory, News & General
Topic: AQR Cuts Staff After a Bad Year (39 out of 41 funds down)
Replies: 31
Views: 2591

Re: AQR Cuts Staff After a Bad Year (39 out of 41 funds down)

Tamalak wrote:
Thu Jan 10, 2019 12:16 pm
(I did not, however, lay off any of my 1 employees)
We're glad you didn't end up out on the street. :wink:
by David Jay
Thu Jan 10, 2019 2:49 pm
Forum: Investing - Theory, News & General
Topic: current portfolio, utilities?
Replies: 8
Views: 522

Re: current portfolio, utilities?

At BH we tend to downplay backtesting without conceptual underpinnings. Naive backtesting can be extremely sensitive to the selected start and end dates. There needs to be an underlying cause-effect relationship to be valid (much like the statistics field where "correlation is not causation"). There...
by David Jay
Thu Jan 10, 2019 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: How did you solve the pre-medicare healthcare riddle?
Replies: 81
Views: 5550

Re: How did you solve the pre-medicare healthcare riddle?

I am retiring this month. I don't qualify for ACA subsidy in 2019 due to a large retirement payout. I have selected a short term policy for 2019, with the primary intent of being "in-network" to reduce out of pocket costs. It is a $2M, 80/20 policy. In the event of a major, long term medical conditi...
by David Jay
Thu Jan 10, 2019 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Low risk, fixed 5% return too good to be true?
Replies: 27
Views: 3820

Re: Low risk, fixed 5% return too good to be true?

AerialWombat wrote:
Wed Jan 09, 2019 11:32 pm
David Jay wrote:
Wed Jan 09, 2019 9:12 pm
AerialWombat wrote:
Wed Jan 09, 2019 8:54 pm
Junk bonds backed by inventory loans?!?!?!

I wouldn’t touch this with your 10-foot pole.
Not junk bonds (i.e. bonds rated BB or lower), UNRATED bonds.
OK, then 20-foot pole. :)
:D
by David Jay
Wed Jan 09, 2019 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Low risk, fixed 5% return too good to be true?
Replies: 27
Views: 3820

Re: Low risk, fixed 5% return too good to be true?

AerialWombat wrote:
Wed Jan 09, 2019 8:54 pm
Junk bonds backed by inventory loans?!?!?!

I wouldn’t touch this with your 10-foot pole.
Not junk bonds (i.e. bonds rated BB or lower), UNRATED bonds.
by David Jay
Wed Jan 09, 2019 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Low risk, fixed 5% return too good to be true?
Replies: 27
Views: 3820

Re: Low risk, fixed 5% return too good to be true?

...a hell of a lot better than 2ish%. 2ish% is so 2017. Intermediate term Corporate (Investment grade) bond fund, SEC yield: 4.29% (VICSX) Diversified, all investment grade, 7/10 of 1% lower yield and climbing . [edit] I anticipate VICSX yield will exceed 5% before the end of 2019, the Worthy bond ...