Search found 190 matches

by GMT-8
Fri Jun 19, 2020 7:01 pm
Forum: Personal Investments
Topic: Hard to stay the course...
Replies: 38
Views: 4872

Re: Hard to stay the course...

Because you're overthinking it. Get your plan set up and stick with it. Stop reading the news and come back in 5-10-15-20-25 years to find you are rich. Stick to a simple plan if you want to navigate across the ocean of life (using Vanguard's analogy). No use tacking to and fro if you can help it (a...
by GMT-8
Wed Jun 17, 2020 6:19 pm
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 16177

Re: Ditching International

This thread is getting tired but the "years of international investing then getting out" certainly reminded me of a Rodney Dangerfield line:

"My wife says she's given me the best years of her life ... I'd hate to see what the rest of the years are going to be like"

GMT
by GMT-8
Fri Jun 05, 2020 2:01 pm
Forum: Personal Investments
Topic: Retirement income tax rate
Replies: 64
Views: 4118

Re: Retirement income tax rate higher

We are in this situation having started an IRA when the program was initially set up. Compound interest was my friend and my jobs were never too lucrative but I made massive 401(k) contributions in my last position. Now we have a couple million in IRAs, one pension, a paid-off house and only charita...
by GMT-8
Thu May 21, 2020 11:27 am
Forum: Personal Investments
Topic: Should I pull my CDs out?
Replies: 26
Views: 2863

Re: Should I pull my CDs out?

Don’t worry, be happy. Shake it off. No one can tell you what inflation May or May Not come.
by GMT-8
Fri May 08, 2020 7:52 am
Forum: Personal Investments
Topic: Why Make Portfolio Safer (More Bonds) as I age?
Replies: 35
Views: 3148

Re: Why Make Portfolio Safer (More Bonds) as I age?

I’ve discussed this at length over several decades with a wealthy friend. Due to her father’s untimely death, she and her two sisters inherited large sums of money as teenagers. I don’t know the exact amount but her monthly allowance was $5000 in 1950 (!). She knew she would never need to work, so s...
by GMT-8
Fri May 08, 2020 7:23 am
Forum: Personal Investments
Topic: TIAA Traditional: My Best "Bond" Fund?
Replies: 23
Views: 2057

Re: TIAA Traditional: My Best "Bond" Fund?

We are 7 years into the withdrawals phase, transferring money out of TIAA Trad contracts from the late 70s to late 80s into an IRA at Vanguard. Neither my wife nor I ever understood how it worked; indeed it was from an era where the institution virtually said “don’t try to understand it! You’re a pr...
by GMT-8
Thu May 07, 2020 5:12 pm
Forum: Personal Consumer Issues
Topic: iPad.. worth it?
Replies: 49
Views: 3356

Re: iPad.. worth it?

I’ve bought 5 (1 every other year) and currently we have 3, as the other 2 were given away. They’re handy! Tough and long lived, but having said that mostly we use them at home and don’t carry them around everywhere. Only you can decide about AppleCare - if you break or lose phones I’d say yes. Good...
by GMT-8
Thu May 07, 2020 4:58 pm
Forum: Personal Investments
Topic: Drawbacks to chasing savings account bonuses?
Replies: 28
Views: 2325

Re: Drawbacks to chasing savings account bonuses?

I think the main point for me avoiding these bonuses is “it’s a hustle” as well as a hassle. It’s their offer, true, but taking advantage of it puts the moral weight in my lap. My grandfather’s rule for us was “Never ask a salesman the price if you’re not intending to buy” or todays corollary “never...
by GMT-8
Fri Apr 24, 2020 4:48 pm
Forum: Personal Investments
Topic: Still using total bond market?
Replies: 169
Views: 22509

Re: Still using total bond market?

I’m interested if those moving to a “guaranteed rate option” or TIAA realize that those are not investments per se, but insurance products?

There is a difference.
by GMT-8
Sat Nov 02, 2019 10:04 am
Forum: Personal Consumer Issues
Topic: Replacing one tire on all wheel drive SUV
Replies: 13
Views: 1477

Re: Replacing one tire on all wheel drive SUV

Having been in aftermarket repair business for many years, I can tell you that most AWD vehicles have a viscous-coupling transfer case that distributes power across the 4 wheels based on sensing that all are turning the same speed (or not). When you put on one smaller or larger tire you defeat/burn ...
by GMT-8
Mon Oct 28, 2019 7:32 pm
Forum: Personal Investments
Topic: 403b/457b protected from creditors?
Replies: 10
Views: 796

Re: 403b/457b protected from creditors?

For what it's worth, I had this discussion with my insurance broker recently. I asked for an umbrella for a couple million, also in expensive California. I have had car and homeowner's insurance through this broker since 1975. They came back to me with some questions as to why I thought I needed the...
by GMT-8
Mon Oct 28, 2019 7:24 pm
Forum: Personal Investments
Topic: Ways to avoid account transfer fees between brokerages?
Replies: 15
Views: 1114

Re: Ways to avoid account transfer fees between brokerages?

My wife's father passed away recently with three accounts as you describe. One just send us money immediately, one is still in progress ... and the third was Merrill. They took several months to sell and send us money from his IRA account, after trying very hard to get us to keep it there. We said c...
by GMT-8
Mon Oct 28, 2019 7:17 pm
Forum: Personal Investments
Topic: High Yield Funds in Taxable Account--what to do?
Replies: 19
Views: 1426

Re: High Yield Funds in Taxable Account--what to do?

I have a DAF with Vanguard Charitable and for the last 7-8 years have done just what is recommended - transfer my share in Windsor II into the Vg Charitable, and take 100% deduction without having either income or capital gains. Then in subsequent years I can decide who/which charitable causes to su...
by GMT-8
Mon Oct 28, 2019 6:55 pm
Forum: Personal Investments
Topic: How much to hold in cash?
Replies: 54
Views: 9131

Re: How much to hold in cash?

Wow, I'm a lousy Boglehead, I guess. Two of us, both retired with just one monthly pension covering half our expenses and a years short of SS, have nearly all our money in various VG accounts. Cash in wallet $100-200 Cash in home safe $1000-3000 (mostly US$ but also pounds, euro, yen, pesos as we li...
by GMT-8
Fri Oct 04, 2019 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: How do you handle quarterly tax payments?
Replies: 45
Views: 4018

Re: Retirees: How do you handle quarterly tax payments?

I have Vanguard withhold 10% Fed and 5% State of anything I withdraw from IRA or after tax money, and I have the same done on my wife’s pension. I am part-time self-employed and make an unpredictable but small profit most years. We don’t have many deductions but I do contribute appreciated shares to...
by GMT-8
Tue Sep 25, 2018 12:28 pm
Forum: Personal Investments
Topic: I need help with the next step to a three fund portfolio
Replies: 5
Views: 1100

Re: I need help with the next step to a three fund portfolio

I live in California and have been holding VCADX and VCLAX (10,000 shares of each) in taxable for about 10 years. The 10 year return is average 4.5% no tax and I have long-term capital gains of approx $8k. I'm ok with that performance and that level of risk as these funds represent about 10% of my t...
by GMT-8
Sun Feb 04, 2018 10:06 pm
Forum: Personal Investments
Topic: Need some advice on my financial situation
Replies: 21
Views: 1950

Re: Need some advice on my financial situation

I'm not sorry to be piling on - but you are the only one with control of your "free" time now. As soon as you move, everyone and every event that affects the traffic will be taking that free time away from you, and they will never give it back - unless you can afford helicopter commuting. ...
by GMT-8
Thu Dec 28, 2017 11:38 am
Forum: Personal Investments
Topic: What is the best current account aggregator online?
Replies: 26
Views: 5946

Re: What is the best current account aggregator online?

I'm 100% with nisiprius. I can't see giving this information to anyone. Some call me old and paranoid. I consider myself cautious.

GMT-8
by GMT-8
Thu Dec 28, 2017 11:35 am
Forum: Personal Investments
Topic: New to Vanguard via rollover. Does this plan of action sound good for the current high market?
Replies: 39
Views: 3393

Re: New to Vanguard via rollover. Does this plan of action sound good for the current high market?

My original theory was to some use my cash reserves to buy more VTSAX after a considerable crash (like -25% drop in stocks or so), holding the understanding that it could drop even more, but knowing that since I'd buying and holding, it would eventually go back up and I bought it low. I thought tha...
by GMT-8
Tue Nov 07, 2017 9:40 pm
Forum: Personal Investments
Topic: Top tax bracket in CA - Bonds all muni?
Replies: 24
Views: 4838

Re: Top tax bracket in CA - Bonds all muni?

I vote yes. The yield is high; I can still sleep at night.
About 10% of my total portfolio is in Calif Interm & Long Term.
That’s 2/3 of my taxable but I have been spending it down the last few years.

GMT-8
by GMT-8
Tue Nov 07, 2017 9:34 pm
Forum: Personal Investments
Topic: From 100% equity to 80/20. Overnight or over a year?
Replies: 23
Views: 2772

Re: From 100% equity to 80/20. Overnight or over a year?

I vote for overnight.

What’s done is then done. If you string it out, you are likely to reassess your decision every time.

That’s my opinion. It has worked for me over 40 years.

GMT-8
by GMT-8
Wed Oct 18, 2017 2:37 pm
Forum: Personal Investments
Topic: Beginner Seeking 401K and IRA Advice!
Replies: 10
Views: 1323

Re: Beginner Seeking 401K and IRA Advice!

"make your portfolio simple, contribute as much as you can, and then SIT ON YOUR HANDS" I fully agree with this, put your depositing strategy on autopilot so you do not have to actively put money in. Then leave your retirement money alone and if you want to sow your wild oats, go to the be...
by GMT-8
Wed Oct 18, 2017 2:27 pm
Forum: Personal Investments
Topic: seeking advice on asset allocation, or is Vanguard crazy
Replies: 26
Views: 3363

Re: seeking advice on asset allocation, or is Vanguard crazy

I'd say the single most important factor in reaching your goals is making sure you retain two assets allocated in 50/50 balance: the first wife, and one house. Why people (specifically retirees) run out of money: 1 Too many dependents that weigh over 50 lbs (kids, horses, etc) 2 Divorce (see pt 1) 3...
by GMT-8
Fri Oct 13, 2017 12:48 pm
Forum: Personal Investments
Topic: pay taxes from long term gains on a taxable account
Replies: 18
Views: 1956

Re: pay taxes from long term gains on a taxable account

I know you stated you are opposed to any penalty but ... I got in the situation you are in, with a large unexpected capital gains from one of my Vanguard funds declaring "Surprise!" near year end. I whined and complained to my tax man, he said Relax, the holidays are here. He calculated th...
by GMT-8
Sat Sep 23, 2017 12:34 pm
Forum: Personal Investments
Topic: TIAA Expense changes
Replies: 17
Views: 1986

Re: TIAA Expense changes

UPDATE: Wife and I did all the TIAA transfer paperwork online, then printed out the forms and signed them. We marched into the retirement office at her former university, and had a quick cheery conversation with the benefits counselor who confirmed my wife hadn't worked there for 25 years. We all si...
by GMT-8
Sat Sep 16, 2017 6:51 pm
Forum: Personal Investments
Topic: TIAA Expense changes
Replies: 17
Views: 1986

Re: TIAA Expense changes

Thanks for the tip. We will use it to save ourselves some hassle on this.

GMT-8
by GMT-8
Sat Sep 16, 2017 6:44 pm
Forum: Personal Investments
Topic: TIAA Expense changes
Replies: 17
Views: 1986

Re: TIAA Expense changes

Can you just email a page (of 19-pg document) and have someone print, sign and return it?

I'd assumed that wouldn't be allowed.
by GMT-8
Sat Sep 16, 2017 6:39 pm
Forum: Personal Investments
Topic: TIAA Expense changes
Replies: 17
Views: 1986

Re: TIAA Expense changes

I extracted it from a table with about 6 columns and 40 rows. It's not clear from the table headings if the Rev Sharing fees are additive to the ER or subtracted from them. As the tone of the letter was "Don't worry, we are charging more but not that much more", I presumed that they were a...
by GMT-8
Thu Sep 14, 2017 9:05 pm
Forum: Personal Investments
Topic: TIAA Expense changes
Replies: 17
Views: 1986

TIAA Expense changes

We got a notice this week saying TIAA was adjusting the fees associated with our 403(b) account. Specifically, they announced a relationship between the Fund ER, a "Revenue Sharing" kickback from fund to TIAA, and a "Plan Servicing Fee" that result in a "Total Administrative...
by GMT-8
Tue Sep 12, 2017 2:37 am
Forum: Personal Finance (Not Investing)
Topic: Relocate for Early Retirement?
Replies: 41
Views: 5045

Re: Relocate for Early Retirement?

We've spent much of the last week discussing this issue with my brother and his wife who after living there 30 years, are itching to get out of King County (Seattle area) due to high sales taxes, onerous local building restrictions, and what they consider to be intolerably progressive/oppressive pol...
by GMT-8
Fri Sep 01, 2017 10:41 am
Forum: Personal Investments
Topic: Our Family FI Plan for Your Critique
Replies: 26
Views: 3278

Re: Our Family FI Plan for Your Critique

As for tax advice, I would ask (older, successful) people in your community "Who do you use for your taxes?" I wouldn't make the mistake of thinking you can as easily ferret out the solutions you need via tax software - which is good if you are already on a clear path. But for example, my ...
by GMT-8
Thu Aug 31, 2017 7:33 pm
Forum: Personal Investments
Topic: Our Family FI Plan for Your Critique
Replies: 26
Views: 3278

Re: Our Family FI Plan for Your Critique

Since taxes are impacting your planning, have you talked to a GOOD tax preparer? Recently? You need better advice than tax prep software will give you, and you need it now, not in April. For example: "You can deduct student loan interest from your income. If you paid interest on student loans l...
by GMT-8
Thu Aug 31, 2017 6:46 pm
Forum: Personal Investments
Topic: Our Family FI Plan for Your Critique
Replies: 26
Views: 3278

Re: Our Family FI Plan for Your Critique

After rereading your post a couple times, I think you need to focus on shorter-term goals and forget retirement for now. Specifically get that debt down and build some cash. That might take you several years. A family of four can live on what you make but can't dig their way out of debt, especially ...
by GMT-8
Thu Aug 31, 2017 6:25 pm
Forum: Personal Investments
Topic: Starting to invest at 29 - After lots of reading, I have questions! *Long read*
Replies: 10
Views: 1683

Re: Starting to invest at 29 - After lots of reading, I have questions! *Long read*

Can I suggest you give yourself a year to be a newbie, with no frills. Which means you can do this: 1 Open Roth at Vanguard or wherever, and deposit X amount of money into a total market stock fund 2 After 90 days, deposit 1/4 X into a total bond fund 3 After 90 more days, deposit 1/4 X into a total...
by GMT-8
Thu Aug 31, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Valuation of Private Business in Net Worth Calcuations
Replies: 18
Views: 1215

Re: Valuation of Private Business in Net Worth Calcuations

Count it as zero. I was given a 5% share in a company in exchange for services writing the user manuals for its products. This was run by an entrepreneur with a great track record of inventions that made money (As Seen on TV type things). As time went by I found about half the people who worked ther...
by GMT-8
Thu Aug 31, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: How many "investment" accounts do you have?
Replies: 73
Views: 10590

Re: How many "investment" accounts do you have?

Married mostly-retired couple, after 2 years of simplifying, I thought I had about 10 accounts, but a careful review of my log-on passwords indicated we have 18-20 accounts: Credit union = 4 accounts (savings, checking, business checking, and credit card) Bank 1 = 2 accounts (business checking and c...
by GMT-8
Thu Aug 31, 2017 12:03 pm
Forum: Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 186
Views: 68906

Re: Time to reach 1M and 2M milestones

We did it the old-fashioned way (clipping coupons, eating at home, avoiding fancy hotels without the boss paying, cheap vacations), with two of us working and salaries below $100k; a surprise loss of employment followed by independent consulting and a year off to recover from health problems. One of...
by GMT-8
Tue Aug 29, 2017 5:30 pm
Forum: Personal Investments
Topic: My Mom's portfolio
Replies: 14
Views: 1871

Re: My Mom's portfolio

Your new allocation looks reasonable to me. Do you consider "cash" to be CDs or money market/saving accounts? As it stands now you have the $54k emergency fund and $190k cash so the portfolio is about 20% cash ... I would consider my cash to include the emergency funds but others might dif...
by GMT-8
Tue Aug 29, 2017 5:19 pm
Forum: Personal Investments
Topic: Relative angry I will not co-sign
Replies: 90
Views: 11070

Re: Relative angry I will not co-sign

I suggest you watch a few episodes on Netflix of a UK show called: Can't Pay? We'll take it away Better yet, have your relative watch it on one of his 72" flat screen televisions. You'll learn in a very entertaining way about deadbeats, and people who genuinely need help, and the difference bet...
by GMT-8
Sat Aug 26, 2017 5:01 pm
Forum: Personal Investments
Topic: My Mom's portfolio
Replies: 14
Views: 1871

Re: My Mom's portfolio

The overall picture is mostly clear but I have a problem with one statement: I want to invest it for her (and my siblings and myself) That's a natural thought but, in my opinion, indicates that you (as one of the heirs) don't have a fully altruistic intention to do the best for your mother (regardle...
by GMT-8
Sat Aug 26, 2017 4:34 pm
Forum: Personal Investments
Topic: Appropriateness of annuities for 78-yr old within IRA
Replies: 12
Views: 1478

Re: Appropriateness of annuities for 78-yr old within IRA

UPDATE I wrote about an elderly woman who needed help getting out from a variable annuity she didn't want. We thought it was cancelled last week, but she has received a notice stating from the insurance company that she needs to select her "systematic withdrawal amount". Perhaps it has jus...
by GMT-8
Fri Aug 25, 2017 2:53 pm
Forum: Forum Issues and Administration
Topic: Revealing Usernames
Replies: 108
Views: 31549

Re: Revealing Usernames

The most dangerous fallout / privacy invation I've had was after a few hundred eBay postings with 100% positive feedback. I ran into a guy who wanted increasingly more concessions on an order (his second one) in exchange for his threat not to give me negative feedback. At the time payment and shippi...
by GMT-8
Thu Aug 24, 2017 12:08 pm
Forum: Personal Investments
Topic: Appropriateness of annuities for 78-yr old within IRA
Replies: 12
Views: 1478

Re: Appropriateness of annuities for 78-yr old within IRA

The adult children know generally that their mom has rental properties plus a house and cabin. She says they don't know anything about her investments. One travels a lot for work and the other lives a 6-hr drive away. She wants to share her overall situation with them, but perhaps not the dollar fig...
by GMT-8
Thu Aug 24, 2017 11:22 am
Forum: Personal Investments
Topic: Appropriateness of annuities for 78-yr old within IRA
Replies: 12
Views: 1478

Re: Appropriateness of annuities for 78-yr old within IRA

Thank you for the suggestions. The advisor's father was a close friend to this woman and her husband and set up all these accounts. When the couple divorced, decades ago, the father stayed in touch. Unfortunately he has not clearly disclosed her portfolio expenses and performance. When she pressed h...
by GMT-8
Thu Aug 24, 2017 10:39 am
Forum: Personal Investments
Topic: Affording assisted living
Replies: 44
Views: 5685

Re: Affording assisted living

My mother lived in a "memory care" facility in La Jolla for 5 years, 300 yards from the ocean, in a nice private room, with escalating levels of care until she passed a couple years ago. From her age 80-85, the five years consumed about $350k or on average $6k per month for everything. She...
by GMT-8
Thu Aug 24, 2017 9:08 am
Forum: Personal Investments
Topic: Appropriateness of annuities for 78-yr old within IRA
Replies: 12
Views: 1478

Appropriateness of annuities for 78-yr old within IRA

My 78-yr-old neighbor came by this week in great distress and I've spent about 10-12 hours over 3 days trying to understand her situation. I will summarize without having exact details on all her variable annuity contracts: 2000k in real estate (2 homes + rental units) 1000k within her tIRA 25k cash...
by GMT-8
Wed Aug 23, 2017 2:18 pm
Forum: Personal Investments
Topic: Deciding what to do about tax exempt fund in California, specifically VCAIX at Schwab.
Replies: 11
Views: 3801

Re: Deciding what to do about tax exempt fund in California, specifically VCAIX at Schwab.

I hold 10,000 shares each of VCADX Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares VCLAX Vanguard California Long-Term Tax-Exempt Fund Admiral Shares in my taxable account at Vanguard and have had this 5 years, generating an average of 3.4% and no tax. I'm happy with that. As yo...
by GMT-8
Fri Jul 21, 2017 6:16 pm
Forum: Personal Investments
Topic: Feedback on large portfolio - moving to self-directed
Replies: 23
Views: 1752

Re: Feedback on large portfolio - moving to self-directed

Following on retiredjg's comments, we use a Vanguard Charitable Donor Advised fund to clean up our tax liability each year. No matter how well or badly I estimate my taxes, I put in 30-40k each fall and that means in April I either pay nothing out of pocket, or I get a refund. There are no capital g...
by GMT-8
Wed Jul 19, 2017 4:37 pm
Forum: Personal Investments
Topic: How do I contribute to a traditional IRA, literally?
Replies: 15
Views: 1961

Re: How do I contribute to a traditional IRA, literally?

I guess I am old school because I send checks to Vanguard to do my additions. There are no bank account links to my IRAs. That's probably why I can't withdraw money easily either. A serious question related to the OP post though - if the source bank account is titled in a trust, or has multiple owne...