Search found 1664 matches

by WoodSpinner
Sat Aug 15, 2020 10:24 am
Forum: Investing - Theory, News & General
Topic: Treasury STRIPS, Any difference in Interest or Principle Bonds?
Replies: 3
Views: 363

Treasury STRIPS, Any difference in Interest or Principle Bonds?

All, Trying to understand Treasury STRIPs and how I might use the, to build a LMP ladder. What if any is the practical difference between - U S TREAS NT STRIPPED PRIN PMT (912821DV4) - U S TREAS SEC STRIPPED INT PMT (912833XX3) Do they both simply return a single Principle Payment at Maturity? Any r...
by WoodSpinner
Wed Aug 12, 2020 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Large pay cut for better quality of life
Replies: 82
Views: 7591

Re: Large pay cut for better quality of life

OP, As an unofficial anything :D , you have my blessing.... It’s clear from your post what you and your wife want to do. There is plenty of time to save and grow your experience and job opportunities. FWIW, I did something similar and was very pleased with my decision some 30 years later. Enjoy8ng m...
by WoodSpinner
Mon Aug 10, 2020 10:16 pm
Forum: Personal Consumer Issues
Topic: Retirees: How you spend your time?
Replies: 63
Views: 7612

Re: Retirees: How you spend your time?

Haven't gone through all the posts, but looks like spending time on Bogleheads has not been mentioned as one of the fun and rewarding retirement activities :D I don't know why people continue spending time here if they have won the game and retired. We like to keep our minds sharp, check in to see ...
by WoodSpinner
Mon Aug 10, 2020 9:03 am
Forum: Investing - Theory, News & General
Topic: Demographic Destiny [US vs International]
Replies: 49
Views: 3166

Re: Demographic Destiny

2) You don't buy stocks in national economies. You buy stocks in companies. Companies operate in international markets, so the impact of their local economy shrinking is not as relevant as it seems at first. 2) Those indexes are mostly filled with companies doing business in their own economies. Mu...
by WoodSpinner
Sun Aug 09, 2020 9:02 pm
Forum: Personal Investments
Topic: Merrill Lynch Wealth Management to Merrill Edge process/experiences?
Replies: 4
Views: 602

Re: Merrill Lynch Wealth Management to Merrill Edge process/experiences?

OP, We did this in 2017 and it went smoothly. Just have your advisor setup new accounts (e.g. new Roth, new IRA) and move funds from their management to Edge. You will even qualify for new account bonuses. Thanks - so the ML "advisor" did your conversion as a "push" at your request rather than you ...
by WoodSpinner
Sun Aug 09, 2020 8:19 am
Forum: Personal Investments
Topic: Vanguard Passive Income Portfolio
Replies: 16
Views: 1914

Re: Vanguard Passive Income Portfolio

OP, Not sure of your current income or Tax situation. Have you reviewed the Tax Efficient Placement WIKI? https://www.bogleheads.org/wiki/Tax-efficient_fund_placement This might shift your thinking. For better responses, please update your original post (use pencil icon) and use the following format...
by WoodSpinner
Sat Aug 08, 2020 10:33 pm
Forum: Personal Investments
Topic: Merrill Lynch Wealth Management to Merrill Edge process/experiences?
Replies: 4
Views: 602

Re: Merrill Lynch Wealth Management to Merrill Edge process/experiences?

OP, We did this in 2017 and it went smoothly. Just have your advisor setup new accounts (e.g. new Roth, new IRA) and move funds from their management to Edge. You will even qualify for new account bonuses. Something you can optimize: - If you want different assets (only in an IRA or Roth), have advi...
by WoodSpinner
Fri Aug 07, 2020 7:48 pm
Forum: Personal Investments
Topic: Tax Planning Thoughts
Replies: 5
Views: 673

Re: Tax Planning Thoughts

OP,

Note, your QCD for 2020 becomes a below the line charitable contribution. Depending on the size and your deductions, you may be able to itemize rather than taking a standard deduction. This may give you even more room.

Does this apply to your situation?

WoodSpinner
by WoodSpinner
Fri Aug 07, 2020 11:21 am
Forum: Personal Investments
Topic: Social Security as my Bond Fund?
Replies: 70
Views: 3721

Re: Social Security as my Bond Fund?

I don't have any bonds, so I said minimal as a role in investing for me. I am using SS as my bond fund. I am having trouble communicating my point. I apologize. When you say that you are using your ss as your "bond fund" what then, do you feel is the purpose of that bond fund (for which you are sub...
by WoodSpinner
Fri Aug 07, 2020 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: your retirement vs. your parents
Replies: 20
Views: 2105

Re: Retirees: your retirement vs. your parents

OP, Great question— I am looking forward to reading this thread and everyone’s responses. My Dad passed at 76 with severe Dementia and my Mom at 84. The biggest lesson I learned from them was to NOT put my life and Retirement plans on hold for the future . My Mom and Dad never got a chance to enjoy ...
by WoodSpinner
Thu Aug 06, 2020 11:27 pm
Forum: Investing - Theory, News & General
Topic: Questions for Rick Ferri and Paul Merriman?
Replies: 62
Views: 6607

Re: Questions for Rick Ferri and Paul Merriman?

Just finished listening to the Podcast and enjoyed the discussion. I liked the respect and comraderie in the discussion—very refreshing. Thanks for putting it on — eager for the 2nd half! From my perspective there wasn’t anything earth shattering — strategically I am aligned closer to a 3 fund portf...
by WoodSpinner
Thu Aug 06, 2020 10:45 pm
Forum: Personal Investments
Topic: Social Security as my Bond Fund?
Replies: 70
Views: 3721

Re: Social Security as my Bond Fund?

OP, We don’t have enough info to give you an optimal answer. If you have $10MM in assets and plan to spend $60M a year, no problem. If you have $600M in assets, well you might be concerned. If $200M, then you are probably underfunded. You will get much better insights if you provide us with informat...
by WoodSpinner
Thu Aug 06, 2020 8:53 pm
Forum: Personal Investments
Topic: Portfolio Review Please - Retired Couple
Replies: 7
Views: 1161

Re: Portfolio Review Please - Retired Couple

OP, Thanks for the additional info.... Overall, I think your 50/50 allocation is within a reasonable Allocation. From a planning perspective I suggest you put together a cash flow model and arrange some of your assets so you can fund your expenses without having to sell stocks in a down market. Some...
by WoodSpinner
Thu Aug 06, 2020 9:36 am
Forum: Investing - Theory, News & General
Topic: When and how often do you rebalance?
Replies: 53
Views: 2752

Re: When and how often do you rebalance?

I disagree that rebalancing is "easy"... 1 - Emotionally it's hard to sell "good" stuff and buy "bad" stuff. You have to get over that. 2 - Mechanically I find it annoying that this is spread over a number of smaller buckets (his & hers, roth, rollover, trad, 401k, taxable etc.). I have all this in...
by WoodSpinner
Wed Aug 05, 2020 11:05 pm
Forum: Personal Investments
Topic: Holding Vanguard ETFs in Merril Edge
Replies: 19
Views: 1694

Re: Holding Vanguard ETFs in Merril Edge

OP, It works very well. I have part of my portfolio at Merrill Edge and have taken advantage of buying/selling Vanguard ETFs without any issues. I did get a bonus and have taken advantage of some BoFA Reward offers. Service has been fine although I like the Fidelity Online experience much better. Wo...
by WoodSpinner
Wed Aug 05, 2020 10:46 pm
Forum: Personal Investments
Topic: Portfolio Review Please - Retired Couple
Replies: 7
Views: 1161

Re: Portfolio Review Please - Retired Couple

OP, A few questions..... What are your goals for Retirement? Any big purchases? How are you covering Healthcare costs before Medicare? Do you have any notion of your Planned withdrawal rate from the Portfolio? How about after your wife starts SS? Are you planning on any Roth Conversions to help lowe...
by WoodSpinner
Wed Aug 05, 2020 10:23 pm
Forum: Investing - Theory, News & General
Topic: Malkiel: Preferred and High-Dividend Stocks are "Bond Substitutes"
Replies: 36
Views: 3018

Re: Malkiel: Preferred and High-Dividend Stocks are "Bond Substitutes"

I listened to Morningstar's podcast "The Long View" today, and Burton Malkiel was the guest. Malkiel stated that, given today's low-interest-rate environment, people should invest part of their current bond allocation in what he calls "bond substitutes" -- preferred stocks and high-dividend paying ...
by WoodSpinner
Wed Aug 05, 2020 1:55 pm
Forum: Investing - Theory, News & General
Topic: Burton Malkiel pans value/ factor investing on the Long View podcast
Replies: 24
Views: 1971

Re: Burton Malkiel pans value/ factor investing on the Long View podcast

For me, one of the most important observations was that “there are no good solutions” to the current investing climate. His suggestion is to increase your risk profile a bit and shift some bond funds to high quality preferred (for the dividends) or other high quality dividend paying stocks (e.g. IBM...
by WoodSpinner
Wed Aug 05, 2020 12:24 am
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!
Replies: 279
Views: 15278

Re: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!

Woodspinner, I've found a copy of the original 2015 whitepaper here: https://static.fmgsuite.com/media/documents/9b364d00-595a-4b3e-92e4-a531e608aa7c.pdf In that version, the total all-in investment fees were 1.59%. People keep saying the fees were 1.85%, and I don't know where that comes from. But...
by WoodSpinner
Tue Aug 04, 2020 11:27 am
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!
Replies: 279
Views: 15278

Re: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!

Hi all, I've been following my thread and thinking about whether to reply or whether that would just make things worse. It does seem that there are some members of Bogleheads who really don't like me very much. A number of the critiques made (what about inflation for the annuity, what about credit ...
by WoodSpinner
Tue Aug 04, 2020 11:03 am
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!
Replies: 279
Views: 15278

Re: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!

A lot of the information in the podcast can be used by people who have a choice of a pension lump-sum distribution or taking an annuity. Exxon-Mobil employees are going through this now as the company cuts back. Many employees who have worked for XOM for more than 30-years can take $1.5 mm lump sum...
by WoodSpinner
Tue Aug 04, 2020 8:41 am
Forum: Investing - Theory, News & General
Topic: Is this a good starting point for newbies to replicate risk parity portfolio?
Replies: 22
Views: 1443

Re: Is this a good starting point for newbies to replicate risk parity portfolio?

OP,

Can you provide some more insight into your situation?

- How old are you? Spouse?
- Retired? Working? Retirement plans
- Risk Tolerance?
- Goals for Portfolio?
- etc.

WoodSpinner
by WoodSpinner
Mon Aug 03, 2020 9:06 am
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!
Replies: 279
Views: 15278

Re: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!

Key Takeaway ideas from the Podcast: 1. Have some sort of Annuity or Pension that will provide a level of income to meet your basic needs to insure your Retirement. This significantly reduces Sequence of Return Risk, Longevity Risk plus the emotional strain of wondering if you are going to have enou...
by WoodSpinner
Sun Aug 02, 2020 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Where do I start? need a money makeover...
Replies: 31
Views: 3377

Re: Where do I start? need a money makeover...

flipper13 wrote: Sun Aug 02, 2020 11:48 am
Is your mortgage really $7.5M?
sorry-$7500

:D
Actually M represents THOUSANDS not Millions (Remember your Roman Numerals?).

$7.5M is $7,500
$7.5MM is $7,500,000

One of my pet peeves....

:oops:

WoodSpinner
by WoodSpinner
Sun Aug 02, 2020 8:47 pm
Forum: Investing - Theory, News & General
Topic: Designing and Optimizing a Factor Tilt/Risk Parity Portfolio
Replies: 28
Views: 2275

Re: Designing and Optimizing a Factor Tilt/Risk Parity Portfolio

OP, There will always be hundred’s of portfolios better than the one you currently own. Which one of these 6 do you feel strongly committed towards? Which one will you hold in good times and in bad? That is the one You should choose! I would recommend a few rules of thumb (well they are some that I ...
by WoodSpinner
Sun Aug 02, 2020 12:06 am
Forum: Personal Consumer Issues
Topic: Oddly Difficult to Find Items During the Pandemic
Replies: 282
Views: 25409

Re: Oddly Difficult to Find Items During the Pandemic

Evidently there is a run on Kayaks as well!

We were out paddling in a local lake and were offered twice what I paid for our Advanced Element inflatables.

Tempting, but money isn’t everything.

WoodSpinner
by WoodSpinner
Sun Aug 02, 2020 12:00 am
Forum: Investing - Theory, News & General
Topic: Is the fear of actually LIVING through inflation overblown?
Replies: 80
Views: 5476

Re: Is the fear of actually LIVING through inflation overblown?

OP, To be clear, I am much more worried about Deflation in the near term (1-3 years) than inflation. I started my working career in 1978 and remember the psychological effects of inflation way more than the economics. Since I was just starting out, my focus was on the job, growing my skills, gaining...
by WoodSpinner
Sat Aug 01, 2020 5:42 pm
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!
Replies: 279
Views: 15278

Re: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!

Rick, are the research papers mentioned in the podcast publicly available? I didn't find any public links on Pfau's sites, so I am assuming they are in proprietary journals. Check https://papers.ssrn.com/sol3/DisplayAbstractSearch.cfm and search for “Pfau”. I didn’t find anyplace to provide comment...
by WoodSpinner
Sat Aug 01, 2020 2:56 pm
Forum: Personal Investments
Topic: Diversifying to timber/farmland
Replies: 25
Views: 1828

Re: Diversifying to timber/farmland

OP,

It’s clear from your post how you really want to spend your retirement. That is worth a great deal!

Do your research on costs and value and then decide. You know way more about the land, timber, hunting and other potentials than I ever will.

WoodSpinner
by WoodSpinner
Sat Aug 01, 2020 12:51 pm
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!
Replies: 279
Views: 15278

Re: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!

Rick, Just finished listening to the Podcast and want to thank you for pulling all of this together. Personally my key questions were answered by the dialogue. I did appreciate you probing a bit on the complexity of Non-SPIA annuity products and found Dr. Pfau’s responses credible. Unfortunately, th...
by WoodSpinner
Fri Jul 31, 2020 7:03 pm
Forum: Personal Consumer Issues
Topic: Do any Bogleheads have a finance YouTube Channel or watch any???
Replies: 7
Views: 1042

Re: Do any Bogleheads have a finance YouTube Channel or watch any???

I have started watching Andy Palko after joining the Facebook Taxes in Retirement group. His advice so far aligns well with what I have learned here (more planning than Investing so far). https://www.youtube.com/c/RetirementPlanningDemystified https://www.facebook.com/groups/taxesinretirement/?ref=s...
by WoodSpinner
Mon Jul 27, 2020 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: CARES Act [Converting from traditional IRA to Roth]
Replies: 11
Views: 1433

Re: CARES Act [Converting from traditional IRA to Roth]

My suggestion would be to rephrase and see if they will support a Cares Act distribution from the 401k.

WoodSpinner
by WoodSpinner
Sun Jul 26, 2020 8:51 pm
Forum: Investing - Theory, News & General
Topic: Asset allocation in retirement
Replies: 26
Views: 2571

Re: Asset allocation in retirement

OP, Agree! Have you looked at the Variable Portfolio Withdrawal (VPW) or Time Value of a Money (TVM) approaches to Retirement spending? I think their adaptive nature will work better for actually funding Retirement. The 4% Rule of Thumb is a great yardstick to help gauge your Retirement readiness. B...
by WoodSpinner
Sun Jul 26, 2020 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparents help college funding
Replies: 15
Views: 1451

Re: Grandparents help college funding

OP, Another perspective is to skip the 529’s and UTMAs entirely. You can simply pay the college tuition directly without triggering a gift tax. Invest your money as you normally would but plan for how you will fund this expense. For instance, we won’t need all of our RMDs and will simply use some of...
by WoodSpinner
Sun Jul 26, 2020 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Should I accept this job? Currently a contractor
Replies: 10
Views: 1407

Re: Should I accept this job? Currently a contractor

OP, As a counterpoint, I converted from a contractor to employee many years ago and took a significant pay cut, but .... It was a great move for my mental health. Liked the work, liked the company, liked the stability and benefits. Hated having to end a contract, find a new one, change my commute, a...
by WoodSpinner
Sun Jul 26, 2020 8:15 pm
Forum: Personal Investments
Topic: Target Date Funds have a lower ROI?
Replies: 6
Views: 595

Re: Target Date Funds have a lower ROI?

So, looking at Vanguard's Target Date funds, they have a long term ROI of 6.5%. However, when using Roth IRA calculators and from talking to others, it seems you be shooting for a ROI of 8% for your retirement accounts. Why then are the Target Date funds so highly recommended? What's another recomm...
by WoodSpinner
Fri Jul 24, 2020 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Which account I need to use to do Roth conversion
Replies: 35
Views: 1777

Re: Which account I need to use to do Roth conversion

Age : His - 67 years and Hers - 65 Married filing Jointly All pretax funds His IRA account :$610,000 Her IRA account :$904,000 1) Which account I need to use to do a roth conversion? 2) When I reach 72 will I have to take the RMD from my account or from my spouse's account? Thank you in advance. No...
by WoodSpinner
Fri Jul 24, 2020 3:29 pm
Forum: Investing - Theory, News & General
Topic: Retirees, share your epiphanies..
Replies: 126
Views: 15315

Re: Retirees, share your epiphanies..

Your time is your own. Greatest thing, no alarm clock. My wife and I were working on one of our rental units yesterday (about 10am) and I looked at her and asked the big question..."would you prefer to be here doing this or on a conference call"? We always seemed to have 10am conference calls , jus...
by WoodSpinner
Fri Jul 24, 2020 3:12 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth with inherited IRA
Replies: 5
Views: 247

Re: Backdoor Roth with inherited IRA

Thanks. Just want to follow up on " If the inherited IRA is in someone else's name but now belongs to you, it does not count." I inherited it as a non-spouse (my mother). So, it is in now in my name as an inherited IRA. I assume this is the case that you're referring to above as "does not count"? C...
by WoodSpinner
Wed Jul 22, 2020 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a refund on a cancelled vacation
Replies: 22
Views: 1798

Re: Getting a refund on a cancelled vacation

Just curious if any sort of trip insurance would have been helpful here. Unless you bought Cancel For An Reason Trip Insurance you would be out of luck. We ended up with vouchers for both our trip and the trip insurance! We did get full refunds from the Airlines though. Unfortunately we paid via el...
by WoodSpinner
Tue Jul 21, 2020 10:24 pm
Forum: Investing - Theory, News & General
Topic: 4% rule - confidence poll
Replies: 457
Views: 27099

Re: 4% rule - confidence poll

Sounds like nit-picking, to be honest. The argument that stocks and bonds, together at the same time, are higher than ever, I don't think is right. Studies show that the best predictor of real stock returns is e/p or 1/CAPE and the best predictor of real bond returns is current YTM of TIPS. These m...
by WoodSpinner
Tue Jul 21, 2020 6:58 pm
Forum: Investing - Theory, News & General
Topic: 4% rule - confidence poll
Replies: 457
Views: 27099

Re: 4% rule - confidence poll

Sounds like nit-picking, to be honest. The argument that stocks and bonds, together at the same time, are higher than ever, I don't think is right. Studies show that the best predictor of real stock returns is e/p or 1/CAPE and the best predictor of real bond returns is current YTM of TIPS. These m...
by WoodSpinner
Tue Jul 21, 2020 6:27 pm
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 355
Views: 23741

Re: [On-going Scams - Post them here]

Well my wife and I both got taken recently for $99 each in this SCAM. FB add for a Brand Clearance Sale on Keen shoes. Prices were excellent (sigh, too good to be true). You better keep an eye on your accounts. It seems Keen shoes are a popular hook for harvesting personal information on Facebook. ...
by WoodSpinner
Tue Jul 21, 2020 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Estate tax for marital and QTIP trusts
Replies: 19
Views: 876

Re: Leaving inheritance to children/grandchildren

The Trust currently holds my non-retirement assets and upon my death will also receive my retirement accounts (it is set up to function as a see-through conduit trust with my spouse as beneficiary) and life insurance benefits. Why aren't you just naming your spouse as primary beneficiary of your re...
by WoodSpinner
Tue Jul 21, 2020 2:14 pm
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 355
Views: 23741

Re: [On-going Scams - Post them here]

Well my wife and I both got taken recently for $99 each in this SCAM. FB add for a Brand Clearance Sale on Keen shoes. Prices were excellent (sigh, too good to be true). Order payment only via PayPall (2nd clue). We received a Shipment info the next day, thought great -- but no shoes arrived. 3 week...
by WoodSpinner
Tue Jul 21, 2020 11:06 am
Forum: Personal Consumer Issues
Topic: Dedicating part of retirement to a specific activity
Replies: 21
Views: 1853

Re: Dedicating part of retirement to a specific activity

OP, I just budget the expected expenses in my yearly budget and make sure my overall draw from Retirement assets are within reason. I don’t set up a specific account for a special activity. WoodSpinner Ok, but this thread would only indirectly be about money, it is intended to be about time and eff...
by WoodSpinner
Tue Jul 21, 2020 10:55 am
Forum: Personal Consumer Issues
Topic: Dedicating part of retirement to a specific activity
Replies: 21
Views: 1853

Re: Dedicating part of retirement to a specific activity

OP,

I just budget the expected expenses in my yearly budget and make sure my overall draw from Retirement assets are within reason. I don’t set up a specific account for a special activity.

WoodSpinner
by WoodSpinner
Tue Jul 21, 2020 10:42 am
Forum: Personal Investments
Topic: 25/75 portfolio after 25-30x expenses reached?
Replies: 23
Views: 2830

Re: 25/75 portfolio after 25-30x expenses reached?

Maybe the "why keep playing when you've won the game" has been played out on this forum, but for those of you with 25-30x residual living expenses (after Social Security income) now saved up--are you thinking of cutting back on equity exposure? Even to 25/75 or 0/100 permanently for your "won the g...
by WoodSpinner
Tue Jul 21, 2020 10:18 am
Forum: Personal Investments
Topic: Planning for my wife to retire in two years: a checkup
Replies: 16
Views: 1509

Re: Planning for my wife to retire in two years: a checkup

OP, I think you are spot on for the Ergo recommendations! This is an area that I would keep pushing her on since she is in significant danger. I went through a similar issue years ago but fortunately I got help through my company. Of the 20 patients I. My cohort group in Physical Therapy, I was the ...
by WoodSpinner
Tue Jul 21, 2020 10:00 am
Forum: Personal Finance (Not Investing)
Topic: How to finance Roth Conversion
Replies: 21
Views: 1095

Re: How to finance Roth Conversion

OP, I suspect you could sell the Muni’s in Taxable and probably have little if any Capital Gains. Is this correct? If so, I would do that rather than a mortgage! This effectively allows you to move taxable money into a Roth and won’t cost you interest and mortgage prep charges. If you don’t need the...