Search found 5779 matches

by FIREchief
Thu Dec 15, 2016 8:37 pm
Forum: Personal Investments
Topic: $400,000 Roth Conversions Between Ages 66-69?
Replies: 156
Views: 36537

Re: $400,000 Roth Conversions Between Ages 66-69?

Advisers say you generally need to hold the Roth IRA for 15 to 20 years to make it pay off. So they generally don't recommend conversion for anyone over age 60. "If you're going to hold the IRA for less than 10 years, you definitely don't want to do it," says Tom Wiggins, a Certified Fina...
by FIREchief
Thu Dec 15, 2016 8:20 pm
Forum: Investing - Theory, News & General
Topic: "Twenty Ways To Tell If You're A Lousy Investor"
Replies: 57
Views: 7705

Re: "Twenty Ways To Tell If You're A Lousy Investor"

If the dealer washes my car when it is in for service, do I "earn" a bonus peek at my portfolio? :confused
by FIREchief
Thu Dec 15, 2016 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: 4runner vs. Highlander?
Replies: 43
Views: 16315

Re: 4runner vs. Highlander?

Dieharder wrote: I don't know much about the 4 Runner other than that it is a BOF full time 4 WD truck like the GX460.
The only 4Runner that offers full time 4WD is the Limited. The other models either offer regular 4WD or 2WD.
by FIREchief
Thu Dec 15, 2016 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: 4runner vs. Highlander?
Replies: 43
Views: 16315

Re: 4runner vs. Highlander?

4runner is an awesome vehicle, but it's getting a bit "long in the tooth" and is long overdue for a makeover. That also means its legendary reliability can be counted upon. You're always rolling the dice with revamped models. +1 Also, call me old school (or just plain old), but I much pre...
by FIREchief
Thu Dec 15, 2016 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Timing of Roth IRA conversion
Replies: 30
Views: 5645

Re: Timing of Roth IRA conversion

My plan is to essentially use the method Firechief describes. I have been fortunate over the past three years with a rising market and have not had to execute the plan. Actually, as measured by the S&P 500 closing values, both 2015 and 2016 provided attractive points for duplicate conversions: ...
by FIREchief
Thu Dec 15, 2016 2:50 am
Forum: Personal Finance (Not Investing)
Topic: 4runner vs. Highlander?
Replies: 43
Views: 16315

Re: 4runner vs. Highlander?

I prefer the 4runner as a male. It drives more like a truck. A little stiffer. A bump doesn't knock the alignment off. The Highlander drives more like a car, and softer. I am not a fan of front wheel drive. +1 I've never even driven a Highlander, but prefer the heavy body on frame construction of t...
by FIREchief
Thu Dec 15, 2016 2:42 am
Forum: Investing - Theory, News & General
Topic: Swedroe: "OK to sin...but sin only a little"
Replies: 51
Views: 7770

Re: Swedroe: "OK to sin...but sin only a little"

That said, if I buy a five year TIPS next week, I know exactly what my return is going to be and also that my purchasing power in five years will be returned. This is no default risk, and no unknowns in my returns (risk of lost opportunity yes, risk of "losing" money, no). I think I'll do...
by FIREchief
Thu Dec 15, 2016 1:08 am
Forum: Investing - Theory, News & General
Topic: Swedroe: "OK to sin...but sin only a little"
Replies: 51
Views: 7770

Re: Swedroe: "OK to sin...but sin only a little"

I'm not sure what constitutes "safe fixed income" at this point in time. :confused It's a relative term, so it's always defined as less default risk and lower interest rate risk than alternative options. Yeah, my comment was somewhat rhetorical. Seems like everything is suffering from int...
by FIREchief
Wed Dec 14, 2016 11:29 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: "OK to sin...but sin only a little"
Replies: 51
Views: 7770

Re: Swedroe: "OK to sin...but sin only a little"

Saved the quote but not the post. Larry said here a month or two ago: So with global market cap at 50% international (1/4 of that being EM) might go to say 60% and 1/3 of that EM. But be sure you can live with that TE. If you know Larry Swedroe then you know the idea would be to increase your alloc...
by FIREchief
Wed Dec 14, 2016 11:26 pm
Forum: Investing - Theory, News & General
Topic: "Twenty Ways To Tell If You're A Lousy Investor"
Replies: 57
Views: 7705

Re: "Twenty Ways To Tell If You're A Lousy Investor"

I wash my car once or twice a year. I look at my portfolio every single day. But I don't feel the slightest bit guilty about it. I enjoy looking at our investments. And with six separate periodic investments going in every two weeks, three of them invested manually, I don't really have any choice b...
by FIREchief
Wed Dec 14, 2016 11:24 pm
Forum: Investing - Theory, News & General
Topic: Why risk slicing and dicing at all
Replies: 52
Views: 6208

Re: Why risk slicing and dicing at all

sambb wrote:it is interesting that past performance is being used to guide future results. We dont know either way. The past doesnt predict the future results.
"Never let the facts get in the way."
by FIREchief
Tue Dec 13, 2016 11:21 pm
Forum: Personal Investments
Topic: Help placing limit order for BND
Replies: 52
Views: 5015

Re: Help placing limit order for BND

Thank you all (or most) for reminding me why I don't want to have anything to do with ETFs. :beer

Mutual funds are just so much easier, and they suit my purposes just fine.
by FIREchief
Tue Dec 13, 2016 9:27 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 476
Views: 93540

Re: TIPS - Did you give up?

^ agreed. The article seems to more of an indictment of longer duration funds than TIPS.
by FIREchief
Tue Dec 13, 2016 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Enforcing the terms of a trust
Replies: 42
Views: 4448

Re: Enforcing the terms of a trust

I've had trust attorneys tell me in family trust situations the language of the trust can be ignored as a practical matter, because no one will complain or likely even know there's an issue. I find this frightening, but assume it's common practice, if not advice. This has been my impression as well...
by FIREchief
Tue Dec 13, 2016 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Enforcing the terms of a trust
Replies: 42
Views: 4448

Re: Enforcing the terms of a trust

I've had trust attorneys tell me in family trust situations the language of the trust can be ignored as a practical matter, because no one will complain or likely even know there's an issue. I find this frightening, but assume it's common practice, if not advice. This has been my impression as well...
by FIREchief
Tue Dec 13, 2016 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Enforcing the terms of a trust
Replies: 42
Views: 4448

Re: Enforcing the terms of a trust

The trust was supposed to protect the inheritance from creditors. I have mixed feelings about that, as I kind of think you should pay your debts, but I wasn't the grantor or the trustee, so my opinions don't count. So maybe the creditors get paid. I believe that the term "creditors," in t...
by FIREchief
Mon Dec 12, 2016 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Enforcing the terms of a trust
Replies: 42
Views: 4448

Re: Enforcing the terms of a trust

A trust cannot be terminated early unless: A. The instrument creating the trust provides for early termination, such as where the assets fall below a certain value, or B. A court orders the early termination. Courts usually won't do this because the wishes of the person creating the trust are to be...
by FIREchief
Mon Dec 12, 2016 7:31 pm
Forum: Investing - Theory, News & General
Topic: Bogle: ETF investors’ returns trailed by 1.6 percent over 12 months.
Replies: 13
Views: 2054

Re: Bogle: ETF investors’ returns trailed by 1.6 percent over 12 months.

I've never bought an ETF share of anything in the open market. That said, I recently was considering buying a short term TIPS fund for my Fido brokerage account. VTIP (VG short term TIPS ETF) appeared to be the one most worthy of my consideration. Sounded simple, just put in a market order, pay the...
by FIREchief
Mon Dec 12, 2016 7:27 pm
Forum: Investing - Theory, News & General
Topic: Bogle: ETF investors’ returns trailed by 1.6 percent over 12 months.
Replies: 13
Views: 2054

Re: Bogle: ETF investors’ returns trailed by 1.6 percent over 12 months.

Earl Lemongrab wrote:
Toons wrote:Buy and Sell
Buy and Sell.
How does compounding work for you that way. :happy
Oh well to each their own. :happy
When your IPS says to buy, you buy
When your IPS says to sell, you sell
Then your asset allocation won't go awry
So ETFs are just swell
Burma Shave.
Sweet!!! 8-)
by FIREchief
Mon Dec 12, 2016 3:43 pm
Forum: Investing - Theory, News & General
Topic: Bogle: ETF investors’ returns trailed by 1.6 percent over 12 months.
Replies: 13
Views: 2054

Re: Bogle: ETF investors’ returns trailed by 1.6 percent over 12 months.

I've never bought an ETF share of anything in the open market. That said, I recently was considering buying a short term TIPS fund for my Fido brokerage account. VTIP (VG short term TIPS ETF) appeared to be the one most worthy of my consideration. Sounded simple, just put in a market order, pay the ...
by FIREchief
Mon Dec 12, 2016 3:34 pm
Forum: Investing - Theory, News & General
Topic: Why risk slicing and dicing at all
Replies: 52
Views: 6208

Re: Why risk slicing and dicing at all

No flack from this reader. Boring is great! (and also cheap) :sharebeer
by FIREchief
Mon Dec 12, 2016 3:17 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Announces Short-Term Trading Fee Removal
Replies: 26
Views: 7421

Re: Fidelity Announces Short-Term Trading Fee Removal

I just checked FSTVX (Fido's TMI fund) and the short term redemption fee is gone, so yippee!! :sharebeer
by FIREchief
Mon Dec 12, 2016 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Enforcing the terms of a trust
Replies: 42
Views: 4448

Re: Enforcing the terms of a trust

Just happened to our family. The co-trustees did not bother to read the trust, and just distributed the assets instead of setting up separate trusts for each heir as required by the trust. I'm guessing their will be no repercussions unless someone sues. Not what the grantor wanted, but he can't sue...
by FIREchief
Mon Dec 12, 2016 1:35 am
Forum: Investing - Theory, News & General
Topic: Roth wake-up call...
Replies: 24
Views: 4454

Re: Roth wake-up call...

whodidntante wrote: I assume that behavioral mistakes caused the lamentation here.
That or the shiny metal .....
by FIREchief
Mon Dec 12, 2016 1:29 am
Forum: Personal Finance (Not Investing)
Topic: Age to Take Social Security: The Ideal and the Reality
Replies: 83
Views: 15012

Re: Age to Take Social Security: The Ideal and the Reality

One of my friends sure doesn't need Social Security, but just filed at age 62 to 'lock it in' and make it harder for the government to take it from her. When she announced her rationale for filing, a lot of friends seated at the table nodded sagely in agreement. That, I think, goes a long way to ex...
by FIREchief
Sun Dec 11, 2016 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Age to Take Social Security: The Ideal and the Reality
Replies: 83
Views: 15012

Re: Age to Take Social Security: The Ideal and the Reality

I sort of think of the decision to delay or not as very similar to the decision to annuitize part of your portfolio or not. If you are more concerned about running out of funds late in life, then annuitize (or delay). If you are more concerned with hanging onto the growth potential of your portfoli...
by FIREchief
Sat Dec 10, 2016 8:10 pm
Forum: Investing - Theory, News & General
Topic: Which is superior approach: Man (Discretionary) vs. Machine (systematic) Battle
Replies: 14
Views: 1815

Re: Which is superior approach: Man (Discretionary) vs. Machine (systematic) Battle

I mostly agree with the points you have raised but I still have skepticism. It used to be that the experts know better than us about everything and now machines know best. I have rolled my eyes over the silly conclusions that have come from research which in later years found to have problems with ...
by FIREchief
Sat Dec 10, 2016 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Timing of Roth IRA conversion
Replies: 30
Views: 5645

Re: Timing of Roth IRA conversion

This is not market timing, provided you make a conversion equal to at least 100% of your annual target on the first trading day of the year. Kevin just mentioned a common strategy that I believe is at times referred to as the "horse race Roth conversion" strategy. Whichever horse wins the ...
by FIREchief
Sat Dec 10, 2016 3:13 pm
Forum: Personal Investments
Topic: HSA - is keeping 40 years of medical records practical?
Replies: 157
Views: 21720

Re: HSA - is keeping 40 years of medical records practical?

Is saving medical records for 40+ years a practical way to deal with HSAs? Or should I just withdraw right now and get my money back now? What's your opinion? You can scan as you suggest, or (even though we could scan also) you could do what we do -- note the pertinent info on a spreadsheet on Goog...
by FIREchief
Fri Dec 09, 2016 11:24 pm
Forum: Personal Investments
Topic: HSA - is keeping 40 years of medical records practical?
Replies: 157
Views: 21720

Re: HSA - is keeping 40 years of medical records practical?

davidsorensen32 wrote:Totally makes sense. Click a pic of receipts using your smartphone and store it in the cloud.
We'll, that's one approach. Another is scanning to .pdf, summarizing on a spreadsheet and storing on a flash drive in a safe deposit box that family has full access to.... :sharebeer
by FIREchief
Fri Dec 09, 2016 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Collection agency won't honor POA for grandmother
Replies: 16
Views: 2052

Re: Collection agency won't honor POA for grandmother

Offer to give the them title to her time-share. If they go for it, buy one for $1 and put the Debt Collection agency on it as owner. :twisted: LOL!!! Always fun to see a timeshare reference. (message to Bogleheads - timeshares are awful, you might be able to get out of one by dying, but that is the...
by FIREchief
Fri Dec 09, 2016 6:19 pm
Forum: Personal Consumer Issues
Topic: Ideal two vehicle combo?
Replies: 73
Views: 8606

Re: Ideal two vehicle combo?

Simple. Two 4Runners. Been there, done that, can't touch this...... 8-) Redundant vehicles? I don't get that. Have 2 vehicles for different purposes and cover the spectrum. Manual fun driving thing, people mover, awd thing, truck, depending on your life, but why ever 2 of the same. Because simple, ...
by FIREchief
Fri Dec 09, 2016 5:35 pm
Forum: Personal Consumer Issues
Topic: Ideal two vehicle combo?
Replies: 73
Views: 8606

Re: Ideal two vehicle combo?

Simple. Two 4Runners. Been there, done that, can't touch this...... 8-)
by FIREchief
Fri Dec 09, 2016 5:23 pm
Forum: Investing - Theory, News & General
Topic: SEARS: Reminder of Single Stock Risk
Replies: 5
Views: 1166

Re: SEARS: Reminder of Single Stock Risk

I just REALLY hope Lands' End doesn't get screwed up in the process.... :annoyed
by FIREchief
Fri Dec 09, 2016 4:10 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Announces Short-Term Trading Fee Removal
Replies: 26
Views: 7421

Re: Fidelity Announces Short-Term Trading Fee Removal

Is that the 0-90 day redemption fee that is listed? ( At least on the Total Market Index FSTVX) This is my understanding. Did your email include the text "short-term trading fee" or "short-term redemption fee?" Short-term trading fee. Thanks. Rereading your OP, it appears that t...
by FIREchief
Fri Dec 09, 2016 4:04 pm
Forum: Personal Investments
Topic: How to re-balance with FIDO 401K + BrokerageLink?
Replies: 8
Views: 921

Re: How to re-balance with FIDO 401K + BrokerageLink?

FSITX should be available in your brokerage link account, assuming you have the 10k to invest. With the new fido premium index funds, you might want to consider going all in to brokerage link to make rebalancing easier. My Megacorp 401k rules require at least 10% of funds to remain in the core 401k...
by FIREchief
Fri Dec 09, 2016 4:02 pm
Forum: Personal Investments
Topic: How to re-balance with FIDO 401K + BrokerageLink?
Replies: 8
Views: 921

Re: How to re-balance with FIDO 401K + BrokerageLink?

Assuming your 401k/BrokerageLink works the same as mine, it is either a two or three step process. Both take the same amount of time. a) Click transfer on the FIDO webpage and select BrokerageLink as the source. It will only offer your 401k as the destination. Enter your desired amount and it will t...
by FIREchief
Fri Dec 09, 2016 3:36 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Announces Short-Term Trading Fee Removal
Replies: 26
Views: 7421

Re: Fidelity Announces Short-Term Trading Fee Removal

student wrote:
mjf55 wrote:Is that the 0-90 day redemption fee that is listed? ( At least on the Total Market Index FSTVX)
This is my understanding.
Did your email include the text "short-term trading fee" or "short-term redemption fee?"
by FIREchief
Fri Dec 09, 2016 2:54 pm
Forum: Personal Investments
Topic: HSA - is keeping 40 years of medical records practical?
Replies: 157
Views: 21720

Re: HSA - is keeping 40 years of medical records practical?

Consider a "minimize the noise" strategy for HSA reimbursements. Immediately reimburse for expenses less than $100 and save the receipts for the others. This greatly reduces the need to retain receipts for things like reading glasses, first aid supplies, qualified ongoing expenses, many l...
by FIREchief
Fri Dec 09, 2016 2:52 pm
Forum: Personal Investments
Topic: HSA - is keeping 40 years of medical records practical?
Replies: 157
Views: 21720

Re: HSA - is keeping 40 years of medical records practical?

Consider a "minimize the noise" strategy for HSA reimbursements. Immediately reimburse for expenses less than $100 and save the receipts for the others. This greatly reduces the need to retain receipts for things like reading glasses, first aid supplies, qualified ongoing expenses, many l...
by FIREchief
Fri Dec 09, 2016 1:19 am
Forum: Personal Investments
Topic: HSA - is keeping 40 years of medical records practical?
Replies: 157
Views: 21720

Re: HSA - is keeping 40 years of medical records practical?

They are: https://www.jpmorgan.com/cm/BlobServer/HSA_Qualified_Medical_Expenses_Flyer.pdf?blobkey=id&blobwhere=1320644447180&blobheader=application/pdf&blobheadername1=Cache-Control&blobheadervalue1=private&blobcol=urldata&blobtable=MungoBlobs http://www.conexismarketing.com...
by FIREchief
Fri Dec 09, 2016 1:10 am
Forum: Personal Investments
Topic: Telephoning Vanguard
Replies: 77
Views: 8292

Re: Telephoning Vanguard

You see, my wife has never used a computer and doesn't want to. Really. I know she is not the only person in the world, but possibly the only one with her finances. Our children live hundreds of miles away so they can't help her too much. To her a land phone is all she wants to use...not even a cel...
by FIREchief
Fri Dec 09, 2016 12:55 am
Forum: Personal Investments
Topic: HSA - is keeping 40 years of medical records practical?
Replies: 157
Views: 21720

Re: HSA - is keeping 40 years of medical records practical?

To me, it's more than worth the effort to keep the records (we keep scanned receipts and a running spreadsheet). Same here. Running spreadsheet (including provider addresses and mileage - an often overlooked qualified expense), and clearly cross-referenced .pdf files to each line item on the spread...
by FIREchief
Fri Dec 09, 2016 12:50 am
Forum: Personal Investments
Topic: HSA - is keeping 40 years of medical records practical?
Replies: 157
Views: 21720

Re: HSA - is keeping 40 years of medical records practical?

I don't believe that Bandaids constitute a qualified medical expense for tax free HSA distributions (I may be wrong, in an earlier thread on the topic I learned that saline solution did). That said, you may risk little by just retaining good records and seeing where things go. At its worst, your HSA...
by FIREchief
Thu Dec 08, 2016 10:22 pm
Forum: Investing - Theory, News & General
Topic: Three fund portfolio for retirement
Replies: 79
Views: 15286

Re: Three fund portfolio for retirement

Thanks for that explanation Bobcat. It all now makes much more sense. For some reason, Fidelity's system was showing the ETF, but not its duration. Interesting food for thought.
by FIREchief
Thu Dec 08, 2016 5:51 pm
Forum: Investing - Theory, News & General
Topic: Three fund portfolio for retirement
Replies: 79
Views: 15286

Re: Three fund portfolio for retirement

As the investor draws closer to retirement, the allocation first shifts slowly away from the stock fund to the LT TIPS fund and then, as the retirement date approaches, the AA shifts more rapidly to both the LT and ST TIPS funds. Once the investor is less than 15 years from retirement, the assets a...
by FIREchief
Thu Dec 08, 2016 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: How do I model my tax information for 2017?
Replies: 7
Views: 1239

Re: How do I model my tax information for 2017?

The IRS issued Revenue Procedure 2016-55 in late October: https://www.irs.gov/pub/irs-drop/rp-16-55.pdf This document provides all updated information necessary to accurately forecast 2017 tax liabilities (adjusted bracket thresholds, updated standard deduction and personal exemption, AMT thresholds...
by FIREchief
Thu Dec 08, 2016 2:52 am
Forum: Personal Investments
Topic: Inflation protection for retiree portfolio
Replies: 24
Views: 3535

Re: Inflation protection for retiree portfolio

Buying TIPS, is like buying insurance (long put). If inflation never occurs, you've lost opportunity in participating in the Market boom. :annoyed YInflationfactorMV :? Absolutely. We should only buy TIPS when inflation is going to happen. As an extension, I think I'll only buy stocks when the mark...
by FIREchief
Thu Dec 08, 2016 1:22 am
Forum: Personal Finance (Not Investing)
Topic: Living Trust vs Transfer on Death [Suze Orman Protection Portfolio]
Replies: 23
Views: 4951

Re: Living Trust vs Transfer on Death [Suze Orman Protection Portfolio]

hurrro wrote:
P.S. Please excuse my ignorance, but what is an "OP?" Is that me?
OP = Original Poster or Original Post. So, yes, it is you.
by FIREchief
Thu Dec 08, 2016 1:19 am
Forum: Personal Investments
Topic: Inflation protection for retiree portfolio
Replies: 24
Views: 3535

Re: Inflation protection for retiree portfolio

A lot of good stuff in Bobcat's links. I didn't know all of this when I made my post just two posts prior, but I do understand TIPS and definitely understand Bobcat's recommendations. :sharebeer