Search found 23669 matches

by dbr
Mon Nov 20, 2017 5:01 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 98
Views: 4926

Re: Tipping in living wage state. Redux.

In reality I disagree with our tipping culture in the US. How do you disagree with a culture? I think you can not like it or wish it were otherwise. Finding an actionable process to change a culture is a tall order. I'm not sure I understand your question. I disagree with the American culture of ti...
by dbr
Mon Nov 20, 2017 4:42 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 98
Views: 4926

Re: Tipping in living wage state. Redux.

EnjoyIt wrote:
Mon Nov 20, 2017 4:21 pm
In reality I disagree with our tipping culture in the US.
How do you disagree with a culture? I think you can not like it or wish it were otherwise. Finding an actionable process to change a culture is a tall order.
by dbr
Sun Nov 19, 2017 3:52 pm
Forum: Investing - Theory, News & General
Topic: Investment Portfolio Tracking & Spreadsheets
Replies: 21
Views: 1230

Re: Investment Portfolio Tracking & Spreadsheets

abuss368 wrote:
Sun Nov 19, 2017 3:37 pm
Importantly any spreadsheet can be tailored to our individual needs and circumstances.
Yes, that and the fact that right or wrong you know exactly what everything is and what you are calculating.
by dbr
Sun Nov 19, 2017 1:48 pm
Forum: Investing - Theory, News & General
Topic: Is treating all accounts as one bucket really simpler
Replies: 21
Views: 2630

Re: Is treating all accounts as one bucket really simpler

The real reason and origin for the "treating all accounts as one bucket" has to do with understanding one's asset allocation and the position one is in for risk and return. After that question is resolved there can be any number of practical answers as to how assets might be distributed for tax effi...
by dbr
Sun Nov 19, 2017 1:24 pm
Forum: Investing - Theory, News & General
Topic: Investment Portfolio Tracking & Spreadsheets
Replies: 21
Views: 1230

Re: Investment Portfolio Tracking & Spreadsheets

I use an excel spreadsheet with many many tabs to track my expenses and income, assets and liabilities, individual stock and mutual fund returns (by incorporating Yahoo Finance), my asset allocation, and other things that are important to me. But I can't get my wife to sit down with me so I can sho...
by dbr
Sun Nov 19, 2017 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 2890

Re: Confused about cash and retirement - isn't this really about market timing?

This entire thread confuses me because different posters seem to mean different things by the word "cash." When people say they have four years of cash, I surely hope that they are not holding four years of expenses in a standard savings account or even a money market account. It seems wasteful for...
by dbr
Sun Nov 19, 2017 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: How to take income from IRA?
Replies: 8
Views: 490

Re: How to take income from IRA?

You can (or may be able) to take a distribution in kind, but the distribution is still taxed in full as ordinary income. There might be an advantage in avoiding a commission to sell an asset and then repurchase the asset if for some reason you wanted to keep exactly that asset. It doesn't mean anyth...
by dbr
Sun Nov 19, 2017 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 2890

Re: Confused about cash and retirement - isn't this really about market timing?

This entire thread confuses me because different posters seem to mean different things by the word "cash." When people say they have four years of cash, I surely hope that they are not holding four years of expenses in a standard savings account or even a money market account. It seems wasteful for...
by dbr
Sun Nov 19, 2017 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for Retirement Income
Replies: 1
Views: 245

Re: Investing for Retirement Income

Well, for sure costs are effectively a tax taken directly from your income, so paying excessive costs is a really bad idea. I'm not sure what problem you envision selling some assets to make a withdrawal from your portfolio. It is true that you have to attend to tax issues meaning you usually sell f...
by dbr
Sun Nov 19, 2017 11:56 am
Forum: Personal Consumer Issues
Topic: Syncing Family Files and Photos
Replies: 8
Views: 631

Re: Syncing Family Files and Photos

Google Drive folders can be shared to other Google accounts. Sharing can be restricted to read only or allow full access. Not sure how that interacts with the camera apps on phones but if you are just using Google drive as a repository, the shares work fine. I have several Google accounts used in m...
by dbr
Sun Nov 19, 2017 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Side investment to go along with a 2050 Fund (VFIFX)
Replies: 4
Views: 228

Re: Side investment to go along with a 2050 Fund (VFIFX)

That depends on what the secondary investment is for. What do you have in mind? For one thing you should not be confused that all savings for retirement have to be in a "retirement" account. You can save in a taxable account as well, and if you do, it would be very common to put that investment in s...
by dbr
Sun Nov 19, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: The valet smashed my Tesla into a brick wall!
Replies: 94
Views: 8338

Re: The valet smashed my Tesla into a brick wall!

I too am curious if Tesla does not have automatic brake activation for frontal impact. Does it even have collision warning?
by dbr
Sun Nov 19, 2017 11:44 am
Forum: Personal Consumer Issues
Topic: Syncing Family Files and Photos
Replies: 8
Views: 631

Re: Syncing Family Files and Photos

Does anyone have a system to sync your family files and photos? My wife and I have One Drive and Google Drive accounts that we use to share our photos and financial files, but I'm trying to determine a configuration where our photos can be automatically synced into one account. I do this through Sh...
by dbr
Sun Nov 19, 2017 11:38 am
Forum: Investing - Theory, News & General
Topic: Investment Portfolio Tracking & Spreadsheets
Replies: 21
Views: 1230

Re: Investment Portfolio Tracking & Spreadsheets

I track portfolio, spending, balance my checking account, keep a record of credit cards, keep a record of taxes, have a budget plan, and record and track a variety of miscellaneous things of interest in Excel. Most of the data is entered manually though it is is possible to download contents of bank...
by dbr
Sun Nov 19, 2017 11:26 am
Forum: Investing - Help with Personal Investments
Topic: pretax and after tax wellesley investment
Replies: 2
Views: 349

Re: pretax and after tax wellesley investment

It might be helpful to know what kind of accounts this money is in. For example, maybe all the "pre-tax" accounts are IRAs, but the "post-tax accounts" could be a taxable account or a Roth IRA or a tIRA with non-deductible contributions. So show us what you have and what you are considering - you m...
by dbr
Sun Nov 19, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Planning for the final months of work
Replies: 29
Views: 1853

Re: Planning for the final months of work

Neither $45K out of your assets nor the mortgage payment out of your income and possible withdrawals are large enough to worry about. I would suggest you relax and not let this concern you. One possible consideration is that selling assets to pay the mortgage might incur capital gains tax cost and t...
by dbr
Sun Nov 19, 2017 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3186

Re: Do you include the sale of your home as part of your retirement planning?

But I absolutely view the home equity as part of the solution for long term care; e.g. I move to something like assisted living, and use sale proceeds of house to fund it. So, do I have LTC insurance? Sort of -- equity in the house would pay for about four years of assisted living in my area. Depen...
by dbr
Sun Nov 19, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Bond funds vs Ladder
Replies: 26
Views: 1652

Re: Bond funds vs Ladder

I agree there is no reason to replace a bond fund with a bond ladder just to enter retirement, or maybe ever. Management, complexity, and lack of diversification are reasons not to.
by dbr
Sun Nov 19, 2017 10:41 am
Forum: Investing - Theory, News & General
Topic: Is treating all accounts as one bucket really simpler
Replies: 21
Views: 2630

Re: Is treating all accounts as one bucket really simpler

There is no need to project tax paid 30 years into the future, because the return into the future is unclear. We only need to consider our investment's current value for the purpose of rebalancing. Variations of US tax laws treat each asset class differently according to account types. There is a p...
by dbr
Sun Nov 19, 2017 10:10 am
Forum: Personal Consumer Issues
Topic: Charge card, what info embedded in chip?
Replies: 9
Views: 802

Re: Charge card, what info embedded in chip?

If you do want to know what is on the chip you can look here:

http://pannetrat.com/Cardpeek/
http://tvr-decoder.appspot.com/t/home

and also Google for description of EMV card methodology.
by dbr
Sun Nov 19, 2017 10:04 am
Forum: Investing - Theory, News & General
Topic: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.
Replies: 49
Views: 3899

Re: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.

When talking about safe withdrawal rates and about the risk of running out of money before you die, I think it needs to be acknowledged that different people can have substantially different goals and preferences, and consequently a single correct approach cannot possibly exist , not even in theory...
by dbr
Sun Nov 19, 2017 9:57 am
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 151
Views: 9877

Re: The 4% rule DOES fail but still makes sense!

doesnt any rule depend on inflation rates? 4% may not be adequate if inflation goes to 4%? The amount withdrawn is indexed for inflation and the portfolio value is tracked in real dollars. That does not mean inflation cannot cause problems for a retiree. The historical worst year to retire, 1966, i...
by dbr
Sun Nov 19, 2017 9:50 am
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 151
Views: 9877

Re: The 4% rule DOES fail but still makes sense!

If one starts the 4% rule process early, at the RMD time, the person will likely withdraw more than 4% of the IRA part of the portfolio. But in any case, the other answers are correct, i.e., you don't have to spend all money withdrawn from your IRA accounts. Exactly to the two above. Thinking one s...
by dbr
Sat Nov 18, 2017 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Current precarious equity environment for a retiree
Replies: 38
Views: 2461

Re: Current precarious equity environment for a retiree

I would suggest you revisit your asset allocation %'s if you are getting nervous about market behavior. I retired 6 years ago with a smidgen over my minimum number and as the market progressed it took almost yearly re-balancing from equities to bonds to retain my desire to SWAN. My last rebalance w...
by dbr
Sat Nov 18, 2017 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 2890

Re: Confused about cash and retirement - isn't this really about market timing?

I am lost as to how cash specifically is of some particular advantage to the retiree. That said, we seem to end up with 1%-2% of assets floating around in cash of some kind anyway.
by dbr
Sat Nov 18, 2017 10:46 am
Forum: Personal Consumer Issues
Topic: Water Heater Install $1,800!
Replies: 67
Views: 8311

Re: Water Heater Install $1,800!

It's not uncommon that people with experience, tools, know-how, and strong friends make light of all sorts of diy jobs that a more average individual would be nuts to attempt on their own. My experience as a homeowner is that the more experienced and knowledgeable I have gotten the more quickly I j...
by dbr
Sat Nov 18, 2017 10:26 am
Forum: Investing - Theory, News & General
Topic: Experience with 401K "Self Directed Brokerage Account"
Replies: 9
Views: 587

Re: Experience with 401K "Self Directed Brokerage Account"

There is not normally a choice of broker. My 401k offers Schwab at $120/year plus something like $75 to buy a mutual fund or $7.95 to buy an ETF, and nothing to sell. I have most of my 401k in the brokerage and trade almost never.
by dbr
Sat Nov 18, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Sale of Home Proceeds - Net Loss & No plans to purchase for 2 years
Replies: 6
Views: 593

Re: Sale of Home Proceeds - Net Loss & No plans to purchase for 2 years

At least two years is very different from at two years. Even so, I think CDs are probably a good choice here.
by dbr
Sat Nov 18, 2017 10:21 am
Forum: Personal Consumer Issues
Topic: Water Heater Install $1,800!
Replies: 67
Views: 8311

Re: Water Heater Install $1,800!

1 - Pipe cutter $12 2- Sharkbite hotwater heater connecting hoses $40 1- Gas connection line (yellow) $25 1- Overflow drain $7.99 Plumbers tape - $.99 1- Hot water heater of choice at what ever cost you are willing. Turn off the water. Turn off heater. Make sure gas to heater is off. Attach hose to...
by dbr
Sat Nov 18, 2017 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services/Portfolio Review
Replies: 45
Views: 3091

Re: Vanguard Personal Advisor Services/Portfolio Review

Has the advisor confirmed that you have the resources to support your planned spending having made appropriate estimates of costs and contingencies in retirement. That consideration is far more important than your asset allocation but you don't mention having received any advice about that.
by dbr
Sat Nov 18, 2017 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Current precarious equity environment for a retiree
Replies: 38
Views: 2461

Re: Current precarious equity environment for a retiree

If you've won the game, why keep playing? You haven't won the game. The game isn't over until you're dead. Until then you are still playing. Put everything in (nominal) bonds? Now you're exposed to inflation risk which, historically, has been far worse than equity risk. Put everything in TIPS to av...
by dbr
Sat Nov 18, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3186

Re: Do you include the sale of your home as part of your retirement planning?

What I think I am hearing is most don't see themselves utilizing independent or assisted living facilities, only more traditional LTC or skilled nursing. I find this consistent with my relatives but I have also observed that once in either independent or assisted living their attitudes changed and ...
by dbr
Sat Nov 18, 2017 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3186

Re: Do you include the sale of your home as part of your retirement planning?

That would be an alternate scenario one can run. It makes sense to take a look at it sometime.
by dbr
Sat Nov 18, 2017 9:36 am
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 151
Views: 9877

Re: The 4% rule DOES fail but still makes sense!

Someone correct me if I am wrong but isn't the 4% rule that you withdraw 4% of your starting portfolio's value adjusted for inflation each year. In other words if you start with a million dollar portfolio you can withdraw $40,000 each year adjusted for inflation. It seems like a lot of folks think ...
by dbr
Fri Nov 17, 2017 5:00 pm
Forum: Investing - Theory, News & General
Topic: Monte Carlo Analysis VS Historical Rolling Periods
Replies: 24
Views: 1344

Re: Monte Carlo Analysis VS Historical Rolling Periods

My very amateur and inexperienced opinion is that using historical periods solves more problems than it imposes compared to figuring out how to hypothesize realistic inputs to a Monte Carlo approach. However all such models are prone to significant uncertainty and should be used for insight into how...
by dbr
Fri Nov 17, 2017 4:56 pm
Forum: Investing - Theory, News & General
Topic: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.
Replies: 49
Views: 3899

Re: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.

OP. In 2008, I was pondering SSR while caring for my Mother, 24/7, and after my older Bro's (professional economist, risk management, big bank) visitation. I discovered more detailed algorithmic retirement and longevity calculators over the relatively simple MFs' calculators. The detailed calculato...
by dbr
Fri Nov 17, 2017 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable account investments
Replies: 7
Views: 801

Re: Taxable account investments

I'm 74 years old, retired, and need to invest a fairly large amount of cash. Right now, my portfolio is 50/50 stocks and bonds. Tax deferred accounts are no longer available and, I have moved all my bond funds to tax deferred accounts to delay taxes. My brokerage account is made up of stock index f...
by dbr
Fri Nov 17, 2017 2:40 pm
Forum: Investing - Theory, News & General
Topic: Yet another TIPS thread
Replies: 3
Views: 553

Re: Yet another TIPS thread

It seems to me Larry changed from a strategy of shifting between TIPS and nominal to a strategy of shifting duration in TIPS. But there is no hard and fast rule.
by dbr
Fri Nov 17, 2017 2:24 pm
Forum: Personal Consumer Issues
Topic: United change fees
Replies: 28
Views: 1764

Re: United change fees

I could be wrong about what transpired, but I think the standard transaction is that they credit you with the original cost of the ticket and they charge you the change fee and the cost of the changed ticket. The new ticket can easily cost more than the original ticket and a one-way could cost more ...
by dbr
Fri Nov 17, 2017 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: cash balance plan
Replies: 7
Views: 846

Re: cash balance plan

It depends on whether that is enough prospective growth in wealth to meet your objectives.
by dbr
Fri Nov 17, 2017 9:42 am
Forum: Investing - Theory, News & General
Topic: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.
Replies: 49
Views: 3899

Re: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.

The main puzzle in the whole thing is that most outcomes of "safe" rates of spending are that the investor dies with a lot of unspent money. How is that a problem? The more I can leave for the grandkids, the better. Because it means a person may have worked longer than they wanted, spent less than ...
by dbr
Thu Nov 16, 2017 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Help Advise with a Fidelity Managed (discretionary) Account
Replies: 15
Views: 833

Re: Help Advise with a Fidelity Managed (discretionary) Account

You can easily afford making an annual gift to Fidelity so why not? It will mean someone is there to keep on top of things, answer your wife's questions when you are not around etc. I'm not so sure this immunizes you from being moved to expensive funds, being sold some crazy annuity, or something, b...
by dbr
Thu Nov 16, 2017 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Pile of Cash - What to do
Replies: 25
Views: 2782

Re: Pile of Cash - What to do

If the market is too high why do you have over a million dollars of stocks? Yep, that makes no sense. There is no advice without a more thoughtful sense of what one is trying to do. The best answer absent any more information is to invest the same way everything else is invested except maybe some c...
by dbr
Thu Nov 16, 2017 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with my Taxable Equity Portfolio to be used as a Bridge in 3 Years?
Replies: 6
Views: 470

Re: What to do with my Taxable Equity Portfolio to be used as a Bridge in 3 Years?

Bridge fund means you are going to spend all that money over the next three years meaning you are going to sell all those funds over the next three years meaning you are going to be taxed on all that capital gain over the next three years. The only question is whether to dump all the gain into one y...
by dbr
Thu Nov 16, 2017 4:22 pm
Forum: Investing - Theory, News & General
Topic: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.
Replies: 49
Views: 3899

Re: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.

It has been understood for a long time (and probably brushed under the rug a lot as well) that high stock allocations in retirement are not particularly risky in the kind of markets typical at least in the US over the last century or so. More relevant issues are that outcome depends a lot on how muc...
by dbr
Wed Nov 15, 2017 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Gains in IRA [are they taxable?]
Replies: 8
Views: 646

Re: Capital Gains in IRA [are they taxable?]

Thanks, All. I called Vanguard back after posting my message because I just wasn't able to believe what the first rep had told me. The second rep confirmed what you've all said too, i.e., the capital gains from selling out of Franklin and buying into Vanguard are only taxable upon withdrawal from t...
by dbr
Wed Nov 15, 2017 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 4400

Re: Fair way to split expenses?

The fair way is for each person to pay his/her own expenses. In the case there is a single bill, such as mortgage and insurance on a jointly owned house or paying for a hotel room jointly occupied, the expense should be split. It might be a practical compromise that the grocery bill be split as main...
by dbr
Wed Nov 15, 2017 5:53 pm
Forum: Investing - Theory, News & General
Topic: Do you subscribe to taking risk only on the equity side
Replies: 40
Views: 2269

Re: Do you subscribe to taking risk only on the equity side

I don't think of a portfolio this way. I think of a portfolio having risk and return as an entity. The risk and return of the portfolio can be calculated from the weighted proportions of the risk and return of the components (and the correlations). As a matter of arithmetic stocks are riskier and hi...
by dbr
Wed Nov 15, 2017 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Gains in IRA [are they taxable?]
Replies: 8
Views: 646

Re: Capital Gains in IRA [are they taxable?]

s, but Vanguard is telling me I must sell the Franklin Funds, which will incur capital gains taxes, and then buy the new Vanguard Funds. I thought you could buy and sell mutual funds in your IRA without paying capital gains. What am I missing? Thanks so much! Tammy Your sentence exactly as written ...