Search found 6629 matches

by David Jay
Sat Jul 20, 2019 6:00 pm
Forum: Personal Investments
Topic: A little discouraged with earnings, is it really this slow?
Replies: 17
Views: 1163

Re: A little discouraged with earnings, is it really this slow?

I made my first retirement contribution at age 30. You are way ahead of me. Congrats.
by David Jay
Sat Jul 20, 2019 10:09 am
Forum: Investing - Theory, News & General
Topic: Fidelity Freedom Index 2065
Replies: 2
Views: 238

Re: Fidelity Freedom Index 2065

Every 5 years...
by David Jay
Sat Jul 20, 2019 9:51 am
Forum: Personal Investments
Topic: 401k Plan with EJ as Advisor charging 1% AUM
Replies: 3
Views: 383

Re: 401k Plan with EJ as Advisor charging 1% AUM

I did a BH search: 401K AUM

Apparently an AUM fee is not all that unusual for recovering plan expenses. 1% is still excessive.
by David Jay
Sat Jul 20, 2019 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 67
Views: 5373

Re: Take the cash or the free dinner?

nisiprius wrote:
Wed Jul 17, 2019 5:23 pm
She thought she had immovable sales resistance, but she encountered an irresistable salesperson.
Apparently, with an Archimedes length lever...

https://www.goodreads.com/quotes/207927 ... fulcrum-on
by David Jay
Sat Jul 20, 2019 9:09 am
Forum: Personal Investments
Topic: Any downside to splitting portfolio?
Replies: 13
Views: 615

Re: Any downside to splitting portfolio?

As Woodspinner said, we don’t know if this is a regular brokerage account or on tax advantaged. Another thread said you expected to be in the 32% bracket this year. This all affects the selection of funds.
by David Jay
Sat Jul 20, 2019 9:06 am
Forum: Personal Investments
Topic: Any downside in me selling and reinvesting my shares in INDZX and COAVX?
Replies: 7
Views: 303

Re: Any downside in me selling and reinvesting my shares in INDZX and COAVX?

Are there fees involved in me selling and reinvesting these shares? Since your Mom set this up, I presume this is a taxable brokerage account. Gains (the difference between purchase price and selling price) will be taxable and add to your income for the year. You need to understand and plan for that.
by David Jay
Sat Jul 20, 2019 8:41 am
Forum: Personal Consumer Issues
Topic: Considerations when renting a storage unit?
Replies: 11
Views: 451

Re: Considerations when renting a storage unit?

I live in a small, midwestern city and I used a storage facility between the time I sold our old home and received occupancy for our new home. Drive up units will be the rule in towns or small cities. In small towns it is tough to find climate-controlled storage. You say you need climate controlled,...
by David Jay
Sat Jul 20, 2019 7:37 am
Forum: Investing - Theory, News & General
Topic: 60/40 VS 30/70 "Center Of Gravity"@@ Allocation for Retirees ??? Bernstein VS Ferri ?? -- What Would You Do?
Replies: 54
Views: 3178

Re: 60/40 VS 30/70 "Center Of Gravity"@@ Allocation for Retirees ??? Bernstein VS Ferri ?? -- What Would You Do?

tennisplyr wrote:
Sat Jul 20, 2019 7:33 am
Retired 8 years in our late 60s with an AA of ~50/50...life is good!
Thread winner! Perfect answer to question: 60/40 or 30/70?
by David Jay
Sat Jul 20, 2019 7:33 am
Forum: Personal Investments
Topic: If you had $1M to invest what would you do?
Replies: 26
Views: 2651

Re: If you had $1M to invest what would you do?

...would you invest in equities now or stay in cash and wait for a market drop before jumping into equities or do something different? For a retiree (your other thread): I would not invest 100% in equities I would not stay in cash I would not wait for a market drop I would likely invest it immediat...
by David Jay
Fri Jul 19, 2019 9:46 pm
Forum: Personal Investments
Topic: 401k Plan with EJ as Advisor charging 1% AUM
Replies: 3
Views: 383

Re: 401k Plan with EJ as Advisor charging 1% AUM

I have heard of an advisory fee (in fact, we had this on my employer’s plan) but with an opt-out. I am very skeptical of an advisory fee when a participant requests to opt out. I think this report from Boston College should find its way onto the desk of the HR director: https://crr.bc.edu/wp-content...
by David Jay
Fri Jul 19, 2019 6:19 pm
Forum: Personal Investments
Topic: Anybody invested with US Bank Wealth?
Replies: 7
Views: 483

Re: Anybody invested with US Bank Wealth?

Blue456 wrote:
Fri Jul 19, 2019 12:29 pm
Do they have low cost index funds/bonds?
They do not have any mutual funds, they are a broker (they sell other company’s financial instruments).

What attracted you to this off-the-wall broker instead of a major brokerage house like Vanguard, Fidelity or Schwab?
by David Jay
Fri Jul 19, 2019 5:49 pm
Forum: Personal Investments
Topic: Anybody invested with US Bank Wealth?
Replies: 7
Views: 483

Re: Anybody invested with US Bank Wealth?

https://smartasset.com/financial-advisor/us-bank-wealth-management-review This review claims that they have self directed investing. So it seams I am not required to go with an advisor. Or am I missing something here? Well, here is a quote from the second paragraph at the link: U.S. Bank Wealth Man...
by David Jay
Fri Jul 19, 2019 4:52 pm
Forum: Personal Investments
Topic: If you had $1M to invest what would you do?
Replies: 26
Views: 2651

Re: If you had $1M to invest what would you do?

...would you invest in equities now or stay in cash and wait for a market drop before jumping into equities or do something different? For a retiree (your other thread): I would not invest 100% in equities I would not stay in cash I would not wait for a market drop I would likely invest it immediat...
by David Jay
Fri Jul 19, 2019 12:38 pm
Forum: Personal Investments
Topic: Anybody invested with US Bank Wealth?
Replies: 7
Views: 483

Re: Anybody invested with US Bank Wealth?

I don’t know the US Bank products specifically, but generally “Wealth Management” almost always means “high cost”.
by David Jay
Fri Jul 19, 2019 12:29 pm
Forum: Personal Investments
Topic: Retirement fund
Replies: 2
Views: 385

Re: Retirement fund

What is your goal? Here is a search result: https://www.google.com/search?sitesearch=bogleheads.org&q=Vanguard+Managed+Payout From one of those threads, here is a good comment: Just do Lifestrategy Growth and withdraw 4% a year at a much lower expense ratio. I don't know why you would pay extra just...
by David Jay
Fri Jul 19, 2019 9:52 am
Forum: Personal Investments
Topic: Starting Roth IRA
Replies: 20
Views: 743

Re: Starting Roth IRA

Welcome to the forum! It is great to see a 25 year old planning for the future, I didn’t contribute to any retirement fund until I was over 30. Focusing on dividend growth (or dividend yield) can distort your portfolio, especially in times of low interest rates. People looking for “income” (i.e. ret...
by David Jay
Fri Jul 19, 2019 9:42 am
Forum: Investing - Theory, News & General
Topic: Performance of TIPS during recessions
Replies: 3
Views: 378

Re: Performance of TIPS during recessions

I presume you are looking at a TIPS mutual fund, not individual TIPS.

A TIPS fund NAV can be affected by inflows and outflows, especially in turbulent times.
by David Jay
Thu Jul 18, 2019 7:18 pm
Forum: Personal Investments
Topic: Retirement Portfolio for our Over-Valued times (2020 retirement)
Replies: 8
Views: 1150

Re: Retirement Portfolio for our Over-Valued times (2020 retirement)

For more detail - I have 3 years expenses in Short Term bonds and the remainder in Intermediate Term bonds.
by David Jay
Thu Jul 18, 2019 6:51 pm
Forum: Personal Investments
Topic: Retirement Portfolio for our Over-Valued times (2020 retirement)
Replies: 8
Views: 1150

Re: Retirement Portfolio for our Over-Valued times (2020 retirement)

Welcome to the forum! It is appropriate to protect your resources heading into retirement. The market is always risky, not just when PEs are high. I moved to 45/55 (stocks/bonds) prior to retirement (I was 100% stocks into my mid-50s). I have enough in bonds to fund our expenses until I claim SS at ...
by David Jay
Thu Jul 18, 2019 6:29 pm
Forum: Investing - Theory, News & General
Topic: Total Stock (US and Intl): Fidelity ZERO vs Vanguard
Replies: 39
Views: 2660

Re: Zero expense ratio funds

I could very well be wrong; however, the only aspect I absolutely can predict as a drag on my investment return is the fee associated with owning an investment vehicle. Assuming I am investing in a broad index, I think fees are a major differentiating factor (along with the totality of brokerage se...
by David Jay
Thu Jul 18, 2019 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Alliance for Lifetime Income / Retirement Income Institute
Replies: 4
Views: 422

Re: Alliance for Lifetime Income / Retirement Income Institute

From the “Institute” page:

The Retirement Income Institute is the forward-looking center of thought leadership of the Alliance and annuities industry.
by David Jay
Thu Jul 18, 2019 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Help me live off my retirement funds
Replies: 16
Views: 2507

Re: Help me live off my retirement funds

For simplicity, let's say I have this amount, all in a taxable brokerage: $1 million - Total US Stock Market Index $1 million - Total International Stock Market Index $1 million - Total US Bond Market Index This would imply that you went your entire working lifetime without taking advantage of any ...
by David Jay
Thu Jul 18, 2019 3:14 pm
Forum: Investing - Theory, News & General
Topic: From ex-dividend to distrubution where is my money?
Replies: 91
Views: 4308

Re: From ex-dividend to distrubution where is my money?

The question of why the stock drops remains the same, it has been answered BTW; "market specialist" do it. You are giving the “market specialists” too much credit (blame?). They just maintain an orderly market. The actual price is set by actual traders trading actual stocks throughout the day. Here...
by David Jay
Thu Jul 18, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Early claim of SS if you quit working before 62
Replies: 7
Views: 836

Re: Early claim of SS if you quit working before 62

“Watty” is right. If you had 35 “max” earning years then there is essentially no increase for working additional years, if you have low earning years then each new, high earning year replaces the previous lowest earning year. In my case, working an additional year gained me about $4 a month because ...
by David Jay
Wed Jul 17, 2019 9:42 pm
Forum: Personal Investments
Topic: 2.5 million to invest for myself[35] and father[70]
Replies: 43
Views: 3810

Re: 2.5 million to invest for myself[35] and father[70]

First off you are “counting your chickens before they hatch”. Your Dad’s portfolio could go sideways in a lot of ways. Late 70s style inflation for 10 years could decimate it since he is holding it all in the bank. Long term nursing care. Lots of possibilities. For your Dad, I would take a serious l...
by David Jay
Wed Jul 17, 2019 6:34 pm
Forum: Investing - Theory, News & General
Topic: Best Crypto Offline Wallet (from security perspective)
Replies: 3
Views: 601

Re: Best Crypto Offline Wallet (from security perspective)

I think you may be seeking a Camaro recommendation at a Mustang forum.
by David Jay
Wed Jul 17, 2019 11:21 am
Forum: Personal Investments
Topic: Trigger GEARS - structured notes
Replies: 16
Views: 688

Re: Trigger GEARS - structured notes

So you are saying that Dad has never held one through a major downturn. Three words: PLAYING. WITH. FIRE. This reaction seems a bit extreme to me. The return profile is pretty clear from the note's prospectus, and is disected in the original post. There is some degree of downside protection, althou...
by David Jay
Wed Jul 17, 2019 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Help valuing my pension
Replies: 8
Views: 543

Re: Help valuing my pension

A simple way to evaluate the value of a pension is to see the cost of an immediate annuity that provides the equivalent income. This is frequently used as a way of determining when to claim SS benefits. immediateannuities.com is a quick way to get an approximate quote. You will have to pick a projec...
by David Jay
Wed Jul 17, 2019 9:42 am
Forum: Personal Investments
Topic: Trigger GEARS - structured notes
Replies: 16
Views: 688

Re: Trigger GEARS - structured notes

OP, I'm curious how you learned about such products. Were they offered to you or did you find them through your own research? My dad is the one who told me about them. He has bought several in the past decade (different underlying assets like XLF, Russell 2000, S&P, etc.) many have outperformed the...
by David Jay
Wed Jul 17, 2019 8:55 am
Forum: Personal Investments
Topic: Recently inherited TIRA and Individual Account
Replies: 6
Views: 527

Re: Recently inherited TIRA and Individual Account

I just picked the first fund in your tIRA: PCVAX (small cap value). Here is the bad news: 5.5% front end load, 1.16 expense ratio. This means that for every $100 of invested, only $94.50 actually goes into the fund, they skim off 5.5% before you start. Then they charge you 1.16% of your balance ever...
by David Jay
Tue Jul 16, 2019 9:48 pm
Forum: Personal Investments
Topic: 401(k) or Nondeductible IRA -> Backdoor rIRA?
Replies: 5
Views: 263

Re: 401(k) or Nondeductible IRA -> Backdoor rIRA?

I would use the 401K until you reach the $19,000 annual contribution. Then I would use the backdoor Roth for additional tax-advantaged space.
by David Jay
Tue Jul 16, 2019 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Our situation : any compelling reason to defer Social Security to age 70?
Replies: 10
Views: 1548

Re: Our situation : any compelling reason to defer Social Security to age 70?

The surviving spouse receives the larger of the two benefits, regardless of which spouse passes first. In the majority of cases, the higher earner should defer in order to grow the survivor’s benefit. The lower wage earner can claim early as this reduction will most likely be for a shorter period of...
by David Jay
Tue Jul 16, 2019 1:51 pm
Forum: Investing - Theory, News & General
Topic: Does factor investing only work if you rebalance?
Replies: 14
Views: 899

Re: Does factor investing only work if you rebalance?

Merriman did some back tested studies on rebalancing. Not ever rebalancing had the highest end portfolio amount....as you basically let the higher returning asset classes keep running. Who knows what the future will hold. Now that’s interesting! It should be expected - if you do not rebalance then ...
by David Jay
Tue Jul 16, 2019 1:25 pm
Forum: Personal Investments
Topic: What to do with my work Principal 401K
Replies: 7
Views: 389

Re: What to do with my work Principal 401K

I would probably leave it where it is. .51% isn’t great but isn’t “evil”. If you decide to change, then you would use SP500 and Stable Value funds (2050 is probably 90/10 so 90% of your money would be in the low cost SP500 fund). Additionally, you can change at any time without penalty, another reas...
by David Jay
Tue Jul 16, 2019 12:57 pm
Forum: Investing - Theory, News & General
Topic: Does factor investing only work if you rebalance?
Replies: 14
Views: 899

Re: Does factor investing only work if you rebalance?

Merriman did some back tested studies on rebalancing. Not ever rebalancing had the highest end portfolio amount....as you basically let the higher returning asset classes keep running. Who knows what the future will hold. Now that’s interesting! It should be expected - if you do not rebalance then ...
by David Jay
Mon Jul 15, 2019 11:11 am
Forum: Investing - Theory, News & General
Topic: Nuanced Benefit of delaying claiming of SSA Benefits
Replies: 21
Views: 2029

Re: Nuanced Benefit of delaying claiming of SSA Benefits

So under B, you are in effect getting a $9K/year inflation adjusted SPIA for a price of $124,800. I just checked at Fidelity, with a 2% escalator (the only escalator that they offer in their online calculator), a $750/mo SPIA for a 70 year old male is $206,000. So even with just a 2% escalator, def...
by David Jay
Mon Jul 15, 2019 9:27 am
Forum: Investing - Theory, News & General
Topic: RAPEQIN Fund Question
Replies: 3
Views: 369

Re: RAPEQIN Fund Question

This appears to be a trust (used by large 401K plans) rather than a mutual fund, which is why there is no published information on M* and such. Trusts are not required to pay dividends as with a mutual fund (mutual funds are required by law to distribute dividends). This is simpler for plan administ...
by David Jay
Mon Jul 15, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Tenant turned off all utilities advice please!!
Replies: 83
Views: 6834

Re: Tenant turned off all utilities advice please!!

Take Sandtrap’s advice (above). He had extensive rental holdings for many years.
by David Jay
Sun Jul 14, 2019 10:16 pm
Forum: Personal Investments
Topic: Convert IRA
Replies: 8
Views: 497

Re: Convert IRA

So I think I made a mistake not taking the tax hit and converting a traditional IRA to a Roth so I could backdoor from here on. I think I probably so just cut my losses and convert, but I would like to know how much tax I am liable for. I have 50k in a traditional IRA and have exchanged several tim...
by David Jay
Sun Jul 14, 2019 4:02 pm
Forum: Personal Investments
Topic: GSLC ETF available commission free through Fidelity
Replies: 9
Views: 674

Re: GSLC ETF available commission free through Fidelity

May I suggest this comment from “nisiprius” about 3 weeks ago: Note that the transcript is from an October, 2014 interview [with Jack Bogle]. Benz opens with a remark: One of the biggest buzz terms in the industry these days is strategic beta or a smart beta. What's your take on that particular phen...
by David Jay
Sun Jul 14, 2019 3:48 pm
Forum: Personal Investments
Topic: GSLC ETF available commission free through Fidelity
Replies: 9
Views: 674

Re: GSLC ETF available commission free through Fidelity

I note that you have the vast majority of assets not in broad based market indexes. Instead you are in a bunch of things like dividend yield, dividend growth, low volatility, sectors, etc. Now you want to add a smart beta fund. It sure seems like you are reading/listening to the financial media and ...
by David Jay
Sun Jul 14, 2019 2:31 pm
Forum: Investing - Theory, News & General
Topic: Nuanced Benefit of delaying claiming of SSA Benefits
Replies: 21
Views: 2029

Re: Nuanced Benefit of delaying claiming of SSA Benefits

How do you correctly value the guaranteed extra $9000/year? I value my SS benefits by comparing what the equivalent income would cost in a SPIA (single premium immediate annuity). You can get a quick quote at immediateannuities.com In your case, I would see what it costs for a 70 year old (man/woma...
by David Jay
Sun Jul 14, 2019 1:52 pm
Forum: Personal Investments
Topic: Question About NYLIAC Annuity TIRA Transfer to Vanguard
Replies: 2
Views: 141

Re: Question About NYLIAC Annuity TIRA Transfer to Vanguard

First of all, always work with the institution that will be receiving the funds (in your case: Vanguard) as they have the incentive to make things go smoothly. They will see to it that New York Life sells what must be sold and transfers things that can be transferred “in kind”. There is no need to t...
by David Jay
Sat Jul 13, 2019 5:44 pm
Forum: Personal Investments
Topic: Newbie Request For Guidance (Where To Start W/ My SEP-IRA)
Replies: 3
Views: 170

Re: Newbie Request For Guidance (Where To Start W/ My SEP-IRA)

Charles Schwab is a good, discount broker. It is often mentioned is a list of three: Vanguard, Schwab or Fidelity. A Target Date fund is perfectly acceptable for someone who does not have the time or interest at their current stage of life to get more involved in their retirement accounts. One word ...
by David Jay
Sat Jul 13, 2019 5:26 pm
Forum: Personal Investments
Topic: Question before I fire my broker.
Replies: 4
Views: 1127

Re: Question before I fire my broker.

You can contact TDA directly and tell them that you no longer wish to have an advised account.

They can switch the account to a personal account and remove the advisor, giving you full control. Then you can, at your discretion, begin to move assets to simpler portfolio.
by David Jay
Sat Jul 13, 2019 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: When does whole life make sense ?
Replies: 30
Views: 5352

Re: When does whole life make sense ?

...a financial advisor wants me to get a whole life policy. Of course they do. They will get paid 50% - 100% of the first year’s premium. [to answer your question about where to post: in general it is better to start a brand new post on your specific question rather than tack your question onto the...
by David Jay
Sat Jul 13, 2019 2:49 pm
Forum: Personal Investments
Topic: Red flags in my 401k plan
Replies: 3
Views: 434

Re: Red flags in my 401k plan

FiveK is right, discuss with HR.

It looks like the new plan may have an “opt out” advisory service (we had one of these implemented when we changed provider). They subscribe you to an advisory service unless you request to “opt out”.
by David Jay
Sat Jul 13, 2019 2:39 pm
Forum: Personal Investments
Topic: What to do with 100k at this moment in time
Replies: 8
Views: 1050

Re: What to do with 100k at this moment in time

Welcome to the forum. Yes we get that question a lot because the market spends more than 60% of the time at or near all time highs. I would not adjust my asset allocation(AA). If I was being paralyzed by fear of a market pullback, I would dollar cost average (DCA) into my AA. I would put $15,000 a m...