Search found 25286 matches

by dbr
Wed Feb 21, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Can you transfer money with TransferWise directly to Vanguard?
Replies: 8
Views: 263

Re: Can you transfer money with TransferWise directly to Vanguard?

The problem is Vanguard would need to have a checking/savings account with your name on it, which I'm pretty sure is never the case. Vanguard may have and accept bank transfers (if you manage to receive an ABA number from another CS rep), but that would be Vanguard's own bank account not your perso...
by dbr
Wed Feb 21, 2018 10:04 am
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 119
Views: 9633

Re: Retirees: The common sense withdrawal method

* a tangent; forgive me. I frequently see people assert on this board that people have fluctuating income pre-retirement, so no big deal to have it post retirement. Then I think about my situation, and frankly most of my friends, and most have had ..... pretty consistent, generally increasing incom...
by dbr
Wed Feb 21, 2018 9:57 am
Forum: Investing - Theory, News & General
Topic: Quantitative value for portfolio risk?
Replies: 8
Views: 285

Re: Quantitative value for portfolio risk?

If a person wants to see numbers of various kinds one can browse around in something like PortfolioVisualizer as illustrated here: https://www.portfoliovisualizer.com/bac ... sisResults Note obvious data points such as CAGR, SD, Sharpe Ratio, etc.
by dbr
Wed Feb 21, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Can you transfer money with TransferWise directly to Vanguard?
Replies: 8
Views: 263

Re: Can you transfer money with TransferWise directly to Vanguard?

I don't have a Vanguard account but I did find there are multiple web pages at Vanguard for setting up direct deposits, transfers, etc. These can only work if there is a routing number at Vanguard. I call BS on the CS. Seemingly the ABA is the routing number is it not? You might check your Vanguard ...
by dbr
Wed Feb 21, 2018 9:40 am
Forum: Investing - Theory, News & General
Topic: Quantitative value for portfolio risk?
Replies: 8
Views: 285

Re: Quantitative value for portfolio risk?

Age in bonds is one such number. There is little agreement on that. How would a different measure help? Let's not complicate this. It is complicated because the person asking has to figure out what he wants to know before the question can be answered. The word "risk" without discussion is meaningle...
by dbr
Wed Feb 21, 2018 9:39 am
Forum: Investing - Theory, News & General
Topic: Quantitative value for portfolio risk?
Replies: 8
Views: 285

Re: Quantitative value for portfolio risk?

The basic approach in academic finance is that the measure of risk, also the definition of risk, is standard deviation of annual returns (or sometimes monthly, daily, etc.). There are very good reasons why this measure of risk is used. It is based on a model for the behavior of investment returns th...
by dbr
Wed Feb 21, 2018 9:23 am
Forum: Investing - Help with Personal Investments
Topic: retirement calculator - most that I've seen are missing some things
Replies: 6
Views: 675

Re: retirement calculator - most that I've seen are missing some things

A primary lesson in all those calculators is that the input that influences the output the most is what you spend and the input to which the results are least sensitive is asset allocation. You can't asset allocate your way out of spending too much. The good news is spending can be controlled.
by dbr
Wed Feb 21, 2018 9:19 am
Forum: Investing - Theory, News & General
Topic: Can someone help me explain to my wife...?
Replies: 78
Views: 8589

Re: Can someone help me explain to my wife...?

The wife isn't arguing with me, she's just concerned and doesn't understand how one could possibly lose if you sell when you've already made a lot of money . . . See, right there she is right and you are wrong. You can't lose. The issue is that you also can't gain. So the question for her is what i...
by dbr
Wed Feb 21, 2018 9:08 am
Forum: Investing - Theory, News & General
Topic: How many of you use the "4% rule" during retirement?
Replies: 64
Views: 7507

Re: How many of you use the "4% rule" during retirement?

Retired 12/31/2017. Our initial withdrawal rate is 3.1%, with the ability to lower it to 2.6% if need be - resetting annually. As things play out, we will likely be able to “loosen the screws” considerably, but at 3.1% our budgeted post retirement spend is considerably higher than in pre-retirement...
by dbr
Wed Feb 21, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Helping Mom with Taxes
Replies: 45
Views: 2137

Re: Helping Mom with Taxes

And again, she most likely will need the CPA service to satisfy the reporting requirement to her step children regarding income distributions from the B trust. Unless you want to be involved in this complicated family situation, I recommend that you continue to engage her CPA to avoid potential fut...
by dbr
Tue Feb 20, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Where to park 800K cash
Replies: 7
Views: 1911

Re: Where to park 800K cash

Parking cash means parking cash. For that you don't get investment gains. The usual array of safe, low yielding parking spots is indicated. If you are going to invest again in real estate the best plan is to employ your money in real estate as soon as possible rather than parking it. If you want oth...
by dbr
Tue Feb 20, 2018 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Adviser said I made a big mistake switching 403b to Aspire??
Replies: 19
Views: 1414

Re: Adviser said I made a big mistake switching 403b to Aspire??

It is already clear that you have been robbed. You might investigate whether the deferred load on that one fund phases out in time. Otherwise it might cost you 5% to sell the fund. You should do it anyway. It is probably a bad idea to mix tax accounting and getting sold investments by the same person.
by dbr
Tue Feb 20, 2018 10:09 am
Forum: Investing - Help with Personal Investments
Topic: VAIPX/TIPS: To sell or not to sell
Replies: 14
Views: 862

Re: VAIPX/TIPS: To sell or not to sell

TIPS are bonds, more specifically Treasury "bonds," They have the same default risk as any other Treasuries. They are sensitive to changes in real rather than nominal interest rates, just as other bonds are sensitive to nominal interest rates. The deal in owning TIPS is that the Treasury will increm...
by dbr
Tue Feb 20, 2018 9:59 am
Forum: Investing - Help with Personal Investments
Topic: How big is the 'Madoff risk' -- All of your money at one advisor?
Replies: 21
Views: 2360

Re: How big is the 'Madoff risk' -- All of your money at one advisor?

What do you mean "with an advisor." My investments are in the custody of the brokers with whom I have accounts. The names are like Fidelity, Schwab, etc. There isn't any advisor. Who has custody of your investments? Who buys and sells for you? It shouldn't be anyone but you. I think what you mean is...
by dbr
Tue Feb 20, 2018 9:21 am
Forum: Investing - Theory, News & General
Topic: Sequence of returns risk while accumulating
Replies: 52
Views: 2994

Re: Sequence of returns risk while accumulating

What seems lost on many, though, is that SRR is also very real for those who are still in the accumulation phase (i.e. building their portfolio before retirement). Most of the investment calculators out there demonstrate how much you would have if you invested X dollars over Y time period at Z rate...
by dbr
Mon Feb 19, 2018 6:31 pm
Forum: Investing - Theory, News & General
Topic: Sequence of returns risk while accumulating
Replies: 52
Views: 2994

Re: Sequence of returns risk while accumulating

Thanks for posting that. I often wonder why people think the sequence of returns does not matter during accumulation. It is the same math with a different sign on the withdrawals. Note there is a planning difference that you get to see the outcome before you do something rash like retiring, while in...
by dbr
Mon Feb 19, 2018 6:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help! Preparing for Taxes
Replies: 8
Views: 535

Re: Help! Preparing for Taxes

I can't tell if you have sold anything yet or not. Just transferring the funds to Vanguard is not a taxable event. If your current tax accountant in (strangely) not familiar with tax issues with mutual funds, then find one that is. It is correct that Vanguard does not and should not be involved in y...
by dbr
Mon Feb 19, 2018 6:19 pm
Forum: Investing - Theory, News & General
Topic: Can someone help me explain to my wife...?
Replies: 78
Views: 8589

Re: Can someone help me explain to my wife...?

I find this interesting, so please don't construe this as my being argumentative. I have heard comments analogous to yours. primarily via this forum, several times so I wonder what triggers the behavior you are subjugated to. so bearing that in mind. do you have an IPS that you share with your advi...
by dbr
Mon Feb 19, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing in a Bear Market
Replies: 7
Views: 572

Re: Rebalancing in a Bear Market

What are some of the best methods for rebalancing a portfolio in a bear market? In particular, if a bear market has resulted in a decline in both equities and bonds, what’s the best method? Intuitively you don’t really want to be selling equities at all when they’re down. Would it be best to just r...
by dbr
Mon Feb 19, 2018 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: What do Bogleheads think of Passive income through Dividend Stocks
Replies: 49
Views: 4371

Re: What do Bogleheads think of Passive income through Dividend Stocks

There are hundreds or maybe thousands of pages of comments on this topic on the forum. Clearly people have different opinions. My distillation of the majority opinion is that the total return, before taxes, of total stock funds is similar to diversified stock funds focused on dividends, so the main...
by dbr
Mon Feb 19, 2018 2:14 pm
Forum: Investing - Theory, News & General
Topic: Can someone help me explain to my wife...?
Replies: 78
Views: 8589

Re: Can someone help me explain to my wife...?

The whole issue hinges on not confusing strategy and outcome. As far as resolving differences in strategy, I am afraid I have no suggestions. Maybe it would work to ask for a plan from Vanguard or Fidelity, etc. But even Fidelity will use this as an opening to sell things and now the problem is to ...
by dbr
Mon Feb 19, 2018 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: What do Bogleheads think of Passive income through Dividend Stocks
Replies: 49
Views: 4371

Re: What do Bogleheads think of Passive income through Dividend Stocks

I can't speak for Bogleheads in general, but my personal suggestion is that investment planning and execution is about a number of considerations in which passive income probably does not appear as an item. The primary elements of investment planning and execution are investing in low cost, diversif...
by dbr
Mon Feb 19, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Adjusting a Taxable Account
Replies: 18
Views: 841

Re: Tax Adjusting a Taxable Account

I do tax adjust my numbers as an exercise to make sure I don't drift too much from my planned AA. I tax adjust my tax deferred accounts on a marginal tax rate basis. Adjusting taxable is more difficult as you have pointed out. I do mine in an overly simplistic way which is good enough for AA consid...
by dbr
Mon Feb 19, 2018 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring from Financial Advisor
Replies: 12
Views: 1216

Re: Transferring from Financial Advisor

1. At some point does it make sense to have a financial advisor? If I take it back over I would go with a 60/40 AA and put it in index funds for both retirement and taxable. My only hesitation is when you factor in tax planning, 529s, and other situations does having someone look over your finances...
by dbr
Mon Feb 19, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Tax Adjusting a Taxable Account
Replies: 18
Views: 841

Re: Tax Adjusting a Taxable Account

My advice is not to bother.
by dbr
Mon Feb 19, 2018 10:40 am
Forum: Investing - Theory, News & General
Topic: Is it "cute" to invest in sector funds?
Replies: 23
Views: 1436

Re: Is it "cute" to invest in sector funds?

I would say sector investing may not be cute but it is definitely an attempt to replace a good plan with a better plan and without solid grounds to establish that it is a better plan.
by dbr
Mon Feb 19, 2018 10:39 am
Forum: Investing - Theory, News & General
Topic: Can someone help me explain to my wife...?
Replies: 78
Views: 8589

Re: Can someone help me explain to my wife...?

LOL, funniest thread topic ever. I would not want to be the one mansplaining to my wife about finances and the get caught with a market downturn thus leaving her with he biggest I-told-you-so on the planet. Good luck, you now made me grateful for my *'s indifference to all matters financial. Howeve...
by dbr
Mon Feb 19, 2018 10:30 am
Forum: Investing - Theory, News & General
Topic: How many of you use the "4% rule" during retirement?
Replies: 64
Views: 7507

Re: How many of you use the "4% rule" during retirement?

I used it as a planning tool prior to retirement and as a way to get comfortable with retiring early. I've checked my withdrawal rate the first few years and found it to be in the 2.5% range even before taking social security. I've not run out to buy a Ferrari to up my spending rate but we've sched...
by dbr
Mon Feb 19, 2018 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Reinvesting RMDs
Replies: 18
Views: 2075

Re: Reinvesting RMDs

The value of a series of future payments is only infinite if the discount rate is zero, so your second paragraph is simply the result of doing math wrong. In particular either a bad assumption (zero discount rate) or incorrectly summing an infinite series. Yes, my quip made that assumption. It was ...
by dbr
Mon Feb 19, 2018 9:50 am
Forum: Investing - Theory, News & General
Topic: Using cFiresim
Replies: 14
Views: 1506

Re: Using cFiresim

Compare FIRECalc's 100% small cap value and 100% SP500 results. Look at the down side. More volatile investments give bigger up, bigger down. Isn't that all that's going on here? Is it? I was under the impression SCV has outperformed SP500 a little over the past decades. I ran the 100% allocations ...
by dbr
Sun Feb 18, 2018 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Reinvesting RMDs
Replies: 18
Views: 2075

Re: Reinvesting RMDs

The reasoning is circular. You can't use a my share/their share to do the math until you have done the math to establish that my/their is a valid model. If people want to use it as a mnemonic to remember how it comes out, I guess there is nothing terrible about that, but it is a result and not a pre...
by dbr
Sun Feb 18, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Doctor wants Social Security number
Replies: 78
Views: 10573

Re: Doctor wants Social Security number

BUT, then you see the real life policy lack of common sense , where people's SS# is basically their Medicare#? Someone in a position of authority couldn't make a common sense thought? The real lack of common sense was when somebody decided Social Security Numbers where secret. At one time SSN was p...
by dbr
Sun Feb 18, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Effect of spending money on appearance in career
Replies: 79
Views: 5733

Re: Effect of spending money on appearance in career

I wonder how much of this conversation is about how other people perceive a person and how much of it is about how a person perceives themselves. It is never a mistake to refresh for confidence. The suggestion above might be very helpful. Also, ask one's friends. Otherwise, it is usually a positive ...
by dbr
Sun Feb 18, 2018 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Time for a short term bond etf?
Replies: 8
Views: 1010

Re: Time for a short term bond etf?

I am a little light in the bond portion of my retirement portfolio. I need to soon put about 6k into my Vanguard SEP-IRA in any case, and am wondering whether it should be BND, VCSH, BSV or something else. The rest of my bond holdings are in total/intermediate bond funds, but are in my Roth-IRA or ...
by dbr
Sun Feb 18, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: what tax rate do I use in calc. [Retirement calculator]
Replies: 2
Views: 271

Re: what tax rate do I use in calc. [Retirement calculator]

You should fill out some dummy tax returns to see what your tax cost actually is. Your income is simple enough it wouldn't take much work to do it. Note that there is no one tax rate as some income is exempt due to personal exemptions, there are deductions, and there are credits. After that the form...
by dbr
Sun Feb 18, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: what is marginal tax rate?
Replies: 23
Views: 1689

Re: what is marginal tax rate?

It may be a useful idea that marginal tax (rate) is a concept applicable to comparing two scenarios. That could include the scenario of adding one more dollar compared to what one had before. It is useful for making decisions between or among alternatives. Effective tax rate is simply a way of expre...
by dbr
Sun Feb 18, 2018 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Reinvesting RMDs
Replies: 18
Views: 2075

Re: Reinvesting RMDs

I think an argument to take the withdrawal later is based on the concept that you only own part of your IRA (the government owns the other part), and the part you own is tax free. If you will pay 25% tax on your distributions, then you really only own 75% of the IRA. Your 75% grows (or falls) tax f...
by dbr
Sat Feb 17, 2018 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of spending money on appearance in career
Replies: 79
Views: 5733

Re: Effect of spending money on appearance in career

At the same time, I am sitting in meetings in which comments are made about needing to bring another women into the office so clients are more eager to stop by. What?? Is this company stuck in the 1950's or 1960's? :oops: If this their corporate culture, and it is genuinely affecting your career, i...
by dbr
Sat Feb 17, 2018 3:25 pm
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 119
Views: 9633

Re: Retirees: The common sense withdrawal method

Obviously, there are endless discussions here about withdrawal methods usually involving some kind of formulae or calculations. I was wondering if there are people like me who just use common sense...they take out what they need, when they need it. Please share your story. Sure. I do that with the ...
by dbr
Sat Feb 17, 2018 2:01 pm
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 119
Views: 9633

Re: Retirees: The common sense withdrawal method

It would be common sense with respect to anything that you understand something about what you are doing, that you pay attention, that you apply some logic and critical thinking to what you read and hear, and that you don't do things that are stupid. Common sense in retirement does not mean that you...
by dbr
Sat Feb 17, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Working for a MegaCorp vs a Small Business
Replies: 19
Views: 1272

Re: Working for a MegaCorp vs a Small Business

huge megaC for me. No complaints though f I had to do it all over again I'd probably start my own business. I was scared of failure w/o a safety net and didn't realize the most successful people were very resilient vis-a-vis failures. I was going to mention that the real alternative is to be your o...
by dbr
Sat Feb 17, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of spending money on appearance in career
Replies: 79
Views: 5733

Re: Effect of spending money on appearance in career

I did not work for GM but live in the area. This is a photo of Mary Barra, CEO of GM. This is how most of the women executives I know dress. Obviously she works in a technical industry. If she worked for an advertising organization, I am sure she would might dress differently. https://en.wikipedia....
by dbr
Sat Feb 17, 2018 1:18 pm
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 119
Views: 9633

Re: Retirees: The common sense withdrawal method

Thanks again Mnd. My intuition tells me that the combination of a long bear market in both stocks and bonds is a killer scenario, especially if it happens early on in the retirement period. By definition a long bear market is longer than early-on in retirement. That aside, it is a killer scenario. ...
by dbr
Sat Feb 17, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of spending money on appearance in career
Replies: 79
Views: 5733

Re: Effect of spending money on appearance in career

My theory was always that I wanted to get promoted on my merits and not my looks but now it looks like it may actually be getting in my way? I am a man but I got promoted on my "looks." I wanted a management job so went to my 2nd-line manage and was told I was not near the top of the list of manage...
by dbr
Sat Feb 17, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Working for a MegaCorp vs a Small Business
Replies: 19
Views: 1272

Re: Working for a MegaCorp vs a Small Business

A megacorp is like an index fund and a small business is like investing in a single stock pick.
by dbr
Sat Feb 17, 2018 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Short treasuries or short term bond index fund?
Replies: 13
Views: 836

Re: Short treasuries or short term bond index fund?

What you are missing is that you are agonizing over non-issues. You are already at short duration where the effects are minimal while at the same time it is to the benefit of bond investors for interest rates to be higher. What else are you invested in? Unless everything you have is in bonds and you...
by dbr
Sat Feb 17, 2018 9:59 am
Forum: Investing - Help with Personal Investments
Topic: VFINX Question
Replies: 5
Views: 479

Re: VFINX Question

It is common that brokers do not offer the Admiral version of some Vanguard funds. ETFs are an option and moving the investment to an account at Vanguard might be an option. It really depends on where your other investments are and your preference for how you want to arrange things.
by dbr
Sat Feb 17, 2018 9:43 am
Forum: Investing - Theory, News & General
Topic: I bonds instead of Total bond in a 3-fund portfolio?
Replies: 9
Views: 1247

Re: I bonds instead of Total bond in a 3-fund portfolio?

A comment in general is that the 3 fund portfolio is not an idea that is so prescriptive that anyone should take the discussion as a prohibition against holding anything other than TBM. There is an idea in the 3 fund portfolio that it is very simple to just invest in diverse, low cost, index funds a...
by dbr
Sat Feb 17, 2018 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Effect of spending money on appearance in career
Replies: 79
Views: 5733

Re: Effect of spending money on appearance in career

I just came away from a meeting in which I asked for a promotion and was told likely another six months. No there was nothing I could do extra - my clients love me, my manager loves me, I'm bringing in work, I am out performing. This is driving me crazy as every other person in my position was prom...
by dbr
Sat Feb 17, 2018 9:04 am
Forum: Personal Consumer Issues
Topic: USAA 41% More For Car Insurance
Replies: 43
Views: 2491

Re: USAA 41% More For Car Insurance

If a person wants the least cost for things then that person has to shop. It is that simple and applies to everything one spends money on.