Search found 23309 matches

by dbr
Sun Oct 22, 2017 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: I want to (semi) retire at 42, in 2 years. Can I?
Replies: 14
Views: 743

Re: I want to (semi) retire at 42, in 2 years. Can I?

Thanks for the estimate of 3.5% - sounds like that's a somehow realistic # vs. some others I've read where te yield is 4%-4.5%... How much you can withdraw from a portfolio over time without running out of money cannot be directly calculated from average yield because variable sequence of returns c...
by dbr
Sun Oct 22, 2017 12:05 pm
Forum: Investing - Theory, News & General
Topic: Forbes List- Jack Bogle among 100 Greatest Business Minds
Replies: 3
Views: 211

Re: Forbes List- Jack Bogle among 100 Greatest Business Minds

I found him to be a fascinating speaker at the Boglehead's Conference. He has interacted with some of the greatest minds in the past 60 years. He still seems to remember a great deal. He is still extremely sharp at 88 and knows immediately when there is something wrong with the charts he is discuss...
by dbr
Sun Oct 22, 2017 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 107
Views: 6876

Re: Does anyone here with net worths north of $1 mil use financial advisors?

tncoltsfan wrote:
Sun Oct 22, 2017 11:32 am
Is anyone replying to this thread actually north of $1 million? :beer
Does she or doesn't she? Only her FA knows for sure.

https://www.youtube.com/watch?v=FkxgkquA6sk
by dbr
Sun Oct 22, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Turning 65, and choosing not to take Medicare Part B
Replies: 24
Views: 1560

Re: Turning 65, and choosing not to take Medicare Part B

There are many reasons for these cutbacks of retiree benefits. It all depends on the details, but even if you are "grandfathered" now, I suspect that there is a possibilty (depending on the program) that some of this could be terminated in the future. I agree grandfathering is voluntary decision on...
by dbr
Sun Oct 22, 2017 11:54 am
Forum: Personal Finance (Not Investing)
Topic: What to do: Financial Advisor for Trust Breaching Fiduciary Duty
Replies: 13
Views: 897

Re: What to do: Financial Advisor for Trust Breaching Fiduciary Duty

Are you saying 5-6% total per-year expenses, or just sales fees without any management charges or underlying fund fees? If the former, I'd move on - beats losing another $250k to a lawyer. I don't think you'll find 3-4% unusual, or even a little higher. Do you really need a trust for that much mone...
by dbr
Sun Oct 22, 2017 11:44 am
Forum: Personal Consumer Issues
Topic: Bought the new car, old car has issues driving off lot
Replies: 9
Views: 389

Re: Bought the new car, old car has issues driving off lot

With my background in physics I once engaged with a very closely held private business to develop a device to be sold to auto dealers that remotely creates various random failures in cars in the visitor lot with the object of helping shoppers along with the incentive to buy a new car and trade the o...
by dbr
Sun Oct 22, 2017 11:36 am
Forum: Investing - Help with Personal Investments
Topic: I want to (semi) retire at 42, in 2 years. Can I?
Replies: 14
Views: 743

Re: I want to (semi) retire at 42, in 2 years. Can I?

This is correct. If we take the assets to total around $4.5M and apply some very rough approximation of a 3.5% rule the spending estimate comes out around $150K gross before taxes, investment expenses etc. So the question is how does that compare to what you think you intend to spend. The next part...
by dbr
Sun Oct 22, 2017 11:33 am
Forum: Investing - Theory, News & General
Topic: For those near retirement and rebalanced to Bonds...
Replies: 34
Views: 3092

Re: For those near retirement and rebalanced to Bonds...

People would be dramatically more comfortable with a higher bond percentages with real bond rates in the 2-3% range vs. the 0% range they're in now. A lot of the talk we have here about 100% stock etc. is really based on that, not now well the market has done lately. It's hard to sleep well at nigh...
by dbr
Sun Oct 22, 2017 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Commission only fiduciary planner
Replies: 61
Views: 1604

Re: Commission only fiduciary planner

For people who have neither the time, knowledge, or temperament to self direct their investments a good financial planner can be extremely beneficial. If they do nothing else than give the client peace of mind and convince them to stay the course then they have earned a modest fee because it is oft...
by dbr
Sun Oct 22, 2017 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Within your context: Do you consolidate a fund when it is 5% or less of total funds/investments and why?
Replies: 11
Views: 255

Re: Do you consolidate a fund when it is 5% or less of total funds/investments and why?

I am interested in hearing how this discussion plays out, and have thought of asking a question like this myself. I am interested in whether in theory, allocations of <5% can improve a portfolio. For example, Vanguard's Target Retirement 2060 has 2.9% of its portfolio in International Bonds. (https...
by dbr
Sun Oct 22, 2017 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Within your context: Do you consolidate a fund when it is 5% or less of total funds/investments and why?
Replies: 11
Views: 255

Re: Do you consolidate a fund when it is 5% or less of total funds/investments and why?

It is not a question of being advised: it is merely an offhand observation that it might just as well be convenient. There might be cases where there are expenses that can be eliminated such as consolidating to Admiral share class or something. I had an investment that forced me to file a tax return...
by dbr
Sun Oct 22, 2017 10:23 am
Forum: Personal Consumer Issues
Topic: Bought the new car, old car has issues driving off lot
Replies: 9
Views: 389

Re: Bought the new car, old car has issues driving off lot

Unless you are accusing someone at the dealer of sabotaging your old car for some unexplained reason, it is a not even massive coincidence.

A possible alternate explanation is that your parents, not being familiar with the car, operated something incorrectly by some accident.
by dbr
Sun Oct 22, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Turning 65, and choosing not to take Medicare Part B
Replies: 24
Views: 1560

Re: Turning 65, and choosing not to take Medicare Part B

The likelihood that this private employer insurance will not last is very high. We eschewed employer supplemental coverage and sure enough it was gone within two years. My wife just managed to squeak into Medicare the year they simply deleted any health coverage for retirees under age 65. Is this f...
by dbr
Sun Oct 22, 2017 10:01 am
Forum: Investing - Help with Personal Investments
Topic: I want to (semi) retire at 42, in 2 years. Can I?
Replies: 14
Views: 743

Re: I want to (semi) retire at 42, in 2 years. Can I?

I doubt if anyone can answer this without you telling us what think your expenses might be in semi-retirement? What are they now? What does "relatively frugally vs. income" mean in dollars spent per year? Welcome to the Forum! JW This is correct. If we take the assets to total around $4.5M and appl...
by dbr
Sun Oct 22, 2017 9:40 am
Forum: Investing - Help with Personal Investments
Topic: I want to (semi) retire at 42, in 2 years. Can I?
Replies: 14
Views: 743

Re: I want to (semi) retire at 42, in 2 years. Can I?

1. What should I do with the cash on hand ($400K)? Pay towards mortgage or recast? Invest on a 3-fund portfolio with moderate risk given that my ‘retirement’ goal is within 2 years? I think between eliminating a mortage that will be gone in ten years and just investing the money, this is kind of a ...
by dbr
Sun Oct 22, 2017 9:24 am
Forum: Personal Finance (Not Investing)
Topic: UTMA bridge account?
Replies: 2
Views: 113

Re: UTMA bridge account?

Commingling your son's money with your money would be a sort of no-no, meaning that having a separate account might be a way to stay squeaky clean and may also be more convenient for you to track things. If I had been using up UTMA money in many small transactions over an extended period of time, I ...
by dbr
Sun Oct 22, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Turning 65, and choosing not to take Medicare Part B
Replies: 24
Views: 1560

Re: Turning 65, and choosing not to take Medicare Part B

The likelihood that this private employer insurance will not last is very high. We eschewed employer supplemental coverage and sure enough it was gone within two years. My wife just managed to squeak into Medicare the year they simply deleted any health coverage for retirees under age 65.
by dbr
Sun Oct 22, 2017 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Definiing "liquidity"
Replies: 4
Views: 146

Re: Definiing "liquidity"

I think technically whether an asset is liquid or not is based on the asset itself and not whether it is in a taxable or IRA account. If your definition of liquid is to get your hands on the cash and use it without paying a penalty, then it would seem reasonable to consider only those in taxable ac...
by dbr
Sun Oct 22, 2017 8:59 am
Forum: Investing - Theory, News & General
Topic: J. Clements: Jack's Comments at 2017 Bogleheads Conference
Replies: 15
Views: 1615

Re: J. Clements: Jack's Comments at 2017 Bogleheads Conference

During the Q&A session with Jack Bogle, I had the opportunity to ask: At least year's Bogleheads Conference, you predicted that over the next 10-years, stocks gross return would be 4%, bonds would be 2.6%. (Your slide presentation, pages 49 - 52). It's one year later, are you still on-track? His an...
by dbr
Sun Oct 22, 2017 8:52 am
Forum: Investing - Help with Personal Investments
Topic: AA changes age 70
Replies: 4
Views: 274

Re: AA changes age 70

I have both total bond and total stock as separate funds. My priority is to sell whichever asset is doing best at the time I sell. Yes, it is generally easier to manage investments that are in multiple accounts and to understand what one has if one avoids balanced funds. That does not mean it is a ...
by dbr
Sun Oct 22, 2017 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Definiing "liquidity"
Replies: 4
Views: 146

Re: Definiing "liquidity"

Youn should probably read here for some definitions: https://www.google.com/search?source=hp&q=liquidity&oq=liquidity&gs_l=psy-ab.1.0.0l10.2698.4250.0.6360.11.10.0.0.0.0.133.892.4j5.10.0....0...1.1.64.psy-ab..1.9.889.0..0i131k1j0i10k1.62.PZzgXAm_yzE Being able to get at the money quickly is part of ...
by dbr
Sun Oct 22, 2017 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 107
Views: 6876

Re: Does anyone here with net worths north of $1 mil use financial advisors?

As with most of the respondents to this thread, I/we do not use a FA and our "net worth is north of $1M". In an earlier post in a different thread, I explained how we and about 10 other friends with similar backgrounds (and probably assets but not sure because we don't reveal our "pot of gold") com...
by dbr
Sun Oct 22, 2017 8:40 am
Forum: Investing - Help with Personal Investments
Topic: AA changes age 70
Replies: 4
Views: 274

Re: AA changes age 70

I think you are doing generally helpful things, but it would be better to be thinking more systematically about what assets you are investing in than in picking funds. I hope you are classifying "W" funds according to proportions in stocks and bonds and not just calling these assets bonds. As to int...
by dbr
Sun Oct 22, 2017 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Commission only fiduciary planner
Replies: 61
Views: 1604

Re: Commission only fiduciary planner

Thank you, I will read that. And you are right, prior to this I really did not know the costs of my investments with them. That is really me to blame however. They have a great reputation with many of the people I have talked to in the community. Too many people that have recommended them know that...
by dbr
Sat Oct 21, 2017 6:13 pm
Forum: Investing - Theory, News & General
Topic: Why do I need bonds? (I'm 30)
Replies: 52
Views: 3143

Re: Why do I need bonds? (I'm 30)

Lancelot wrote:
Sat Oct 21, 2017 6:00 pm

However, I agree with the OP that inflation is a significant risk and a good argument against bonds :sharebeer
Strangely enough the only assets available that are explicitly offset for inflation are bonds. There are inflation indexed income streams.
by dbr
Sat Oct 21, 2017 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation with Farm Land
Replies: 20
Views: 1295

Re: Asset Allocation with Farm Land

We have farmland that produces income. I consider all real estate as an income stream minus any real estate taxes and maintenance. Some income is more efficient and trouble free than others. Farm rental and deer leases require very little work on our part. It is neither a bond or a stock. Less inco...
by dbr
Sat Oct 21, 2017 6:03 pm
Forum: Investing - Theory, News & General
Topic: Just starting checking out Bonds. Head hurts a bit.
Replies: 12
Views: 1156

Re: Just starting checking out Bonds. Head hurts a bit.

The Style Box really helped visualize how Stocks were categorized. It doesn't appear that a Style Box exist for Bonds. See here https://personal.vanguard.com/us/funds/snapshot?FundIntExt=INT&FundId=0584#tab=2 to observe that bonds are characterized by maturity (more accurately duration) and quality...
by dbr
Sat Oct 21, 2017 12:52 pm
Forum: Investing - Theory, News & General
Topic: J. Clements: Jack's Comments at 2017 Bogleheads Conference
Replies: 15
Views: 1615

Re: J. Clements: Jack's Comments at 2017 Bogleheads Conference

I also think that Mr. Bogle's value in putting together the Vanguard approach to investing and inspiring how Bogelheads think about investing is a massive accomplishment of immense worth against which worrying about what Mr. Bogle might estimate for the future is hardly more than a grain of sand.
by dbr
Sat Oct 21, 2017 10:40 am
Forum: Investing - Theory, News & General
Topic: Why do I need bonds? (I'm 30)
Replies: 52
Views: 3143

Re: Why do I need bonds? (I'm 30)

The answer to these bond questions is that no one needs bonds. Also no one needs stocks either, or even to invest at all. What everyone should do is understand as best they can the consequences for them of whether to invest and if so, how. I guess if a person has to ask about things like this then t...
by dbr
Sat Oct 21, 2017 9:58 am
Forum: Investing - Theory, News & General
Topic: For those near retirement and rebalanced to Bonds...
Replies: 34
Views: 3092

Re: For those near retirement and rebalanced to Bonds...

We're about 5-6 years out. On the taxable side, we've been increasing our CD allocation to have 2-3 years worth of expenses covered. On the tax-deferred side, nearly all total bond fund and 401k so this has the effect of slowly raising our bond % to a target aa 50/50 by retirement. Question to the ...
by dbr
Sat Oct 21, 2017 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Market high, interest going up: bonds or stocks or cash now?
Replies: 9
Views: 844

Re: Market high, interest going up: bonds or stocks or cash now?

I keep hearing the stocks are "full valuated". And the market is so high. Not a good time to buy stocks? The interest rates will probably go up (per Fed announcements), so bonds probably will go down a bit. When I look at BND, there's no gain for the last year. Not a good time to buy bonds? Maybe i...
by dbr
Sat Oct 21, 2017 9:50 am
Forum: Investing - Help with Personal Investments
Topic: at whose cap gains rate are gifted stocks taxed?
Replies: 9
Views: 554

Re: at whose cap gains rate are gifted stocks taxed?

Are the capital gains portion counted as ordinary income for purposes of determining his tax bracket, or are there special rules for counting capital gains as income? Yes, but what I would really do is dummy up an actual tax return and make sure there really are no unintended consequences. Same for...
by dbr
Sat Oct 21, 2017 9:36 am
Forum: Investing - Theory, News & General
Topic: For those near retirement and rebalanced to Bonds...
Replies: 34
Views: 3092

Re: For those near retirement and rebalanced to Bonds...

TheQuestionGuy wrote:
Thu Oct 19, 2017 6:23 pm


As one approaches retirement the general rule is to migrate from stocks to bonds.
That certainly is not a general rule.
by dbr
Sat Oct 21, 2017 9:35 am
Forum: Investing - Theory, News & General
Topic: Long term viability of Real Estate as an asset class
Replies: 12
Views: 622

Re: Long term viability of Real Estate as an asset class

REIT stocks are not holding real estate as an asset class.
by dbr
Sat Oct 21, 2017 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Tax optimization for stock sales
Replies: 3
Views: 296

Re: Tax optimization for stock sales

I would verify by hand what the actual consequences of the selected strategy really are. Obviously the only thing you really want to optimize is lowest lifetime tax cost. You do not, for example, want to maximize short term losses only to have those offset long term gains when you could have managed...
by dbr
Sat Oct 21, 2017 9:24 am
Forum: Investing - Help with Personal Investments
Topic: Fixed Annuities Bad Idea?
Replies: 20
Views: 924

Re: Fixed Annuities Bad Idea?

I will reinforce the comments about being sure what is under discussion. It is true that the only annuity people here would not run away from is the single premium immediate fixed annuity. Notice there are more words in there than fixed. You could be talking about a fixed index annuity, which would ...
by dbr
Sat Oct 21, 2017 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Commission only fiduciary planner
Replies: 61
Views: 1604

Re: Commission only fiduciary planner

If you are paying commissions the service is not free. Sophistry about the difference between costs, fees, and commissions is just another way to take money out of your pocket that you would be better off keeping. You don't even know how much that cost is going to be. "Fiduciary" is a meaningless te...
by dbr
Fri Oct 20, 2017 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation with Farm Land
Replies: 20
Views: 1295

Re: Asset Allocation with Farm Land

This is probably more straightforward than people are making it out. Stocks and bonds are just junior and senior portions of the capitalization of a business. There's pricing for the senior portion of a business - the cost of taking on debt to finance the business. For real estate, this is mortgage...
by dbr
Fri Oct 20, 2017 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: Want to switch from managed USAA
Replies: 7
Views: 505

Re: Want to switch from managed USAA

I hold some assets at USAA. It works fine for me. I never had a managed account there.
by dbr
Fri Oct 20, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Possible to move self directed brokerage account to another brokerage?
Replies: 3
Views: 243

Re: Possible to move self directed brokerage account to another brokerage?

I have self directed 401k through work at TDAmeritrade. Not happy about TDA's decision to remove commission free Vanguard funds and would like to transfer my assets to Merrill Edge to take advantage of the free trading commissions. Is it possible to change brokerage's for one's self directed 401k? ...
by dbr
Fri Oct 20, 2017 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: I have to fire someone that I care about personally
Replies: 83
Views: 4744

Re: I have to fire someone that I care about personally

With all due respect people can only respond to what they read and I don't think you did very good job of describing the issue. In fact a lot of what you said was perhaps easy to misinterpret. I think you are correct that it would have been better not to offer so much information about the circumsta...
by dbr
Fri Oct 20, 2017 5:22 pm
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 211
Views: 134067

Re: A time to EVALUATE your jitters

Doesn't this reinforce the importance of adjusting one's allocation so conservatively that one's "sleep factor" remains intact no matter the noise, the downturn, the market adjustment, . . et al ?? Short version: Adjusting the allocation so conservatively that we can sleep well at night may not be ...
by dbr
Fri Oct 20, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: I have to fire someone that I care about personally
Replies: 83
Views: 4744

Re: I have to fire someone that I care about personally

So you see absolutely no possibility that this person could turn things around with the right training and coaching? is the person even aware of their lack of stage presence? or is it more the overall appearance that can't be changed.... I agree. Make sure before you do something you might regret. ...
by dbr
Fri Oct 20, 2017 11:15 am
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 211
Views: 134067

Re: A time to EVALUATE your jitters

Doesn't this reinforce the importance of adjusting one's allocation so conservatively that one's "sleep factor" remains intact no matter the noise, the downturn, the market adjustment, . . et al ?? My one comment about "sleep factor" is that it is just as possible to be irrational or ignorant about...
by dbr
Fri Oct 20, 2017 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Investing for a Trust- need family and investing advice
Replies: 6
Views: 253

Re: Investing for a Trust- need family and investing advice

The Treasury real interest curve is positive for all maturities of five years or more meaning putting everything in TIPS would "beat" inflation for the duration of the trust. Even the Vanguard short TIPS fund is only negative by 0.14% right now. I have no idea if such a strategy would be considered ...
by dbr
Fri Oct 20, 2017 10:56 am
Forum: Personal Consumer Issues
Topic: Mercedes Benz E300 Navigation System
Replies: 35
Views: 1254

Re: Mercedes Benz E300 Navigation System

OP, have you gone through the settings on the in car GPS and verified the route selection/guidance is what you desire? Avoid freeways, shortest, fastest, use side streets, avoid traffic. Most are highly customize-able. It may never match Google Maps or Waze which I think have more users/data points...
by dbr
Fri Oct 20, 2017 10:52 am
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 130
Views: 9289

Re: anyone else not liking the new cars?

Overall reliability maybe? I bought a 2015 Outback. I like the car. It works well for me. I would buy another one. But . . . for two years it was plagued by intermittent check engine light problems. They have it configured that when there is a CE fault code for much of anything you get a Christmas ...
by dbr
Fri Oct 20, 2017 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Investing for a Trust- need family and investing advice
Replies: 6
Views: 253

Re: Investing for a Trust- need family and investing advice

In my opinion your uncle is out of his depth and it may be you are also. It might be this is a case that justifies using a professional trust manager even at some cost. The impact of that cost over periods up to ten years is not as severe as it is over lifetimes. If I were the trustee I would not fo...
by dbr
Fri Oct 20, 2017 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Moderate Growth Fund in taxable?
Replies: 6
Views: 535

Re: Vanguard Moderate Growth Fund in taxable?

Right, the dilemma of holding balance or composite funds in taxable and the dilemma of picking a fund in taxable and then not being so sure that is the best choice for the long run, but there is a tax cost. There is no really good answer. As with all things tax it is in the numbers. I would look at ...
by dbr
Fri Oct 20, 2017 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Looming Retirement & Market Jitters
Replies: 43
Views: 3197

Re: Looming Retirement & Market Jitters

I would guess that most people in this forum have sold stocks this year. They will not call their action “market timing” or admit to being spooked by high valuations. They’ll say they’re “rebalancing asset allocations”, but whenever we see market conditions like we have today you can be sure lots o...