Search found 5407 matches

by Dandy
Sun Sep 16, 2018 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 9502

Re: Delaying Social Security Until 70

Many people take it earlier because they need it. The lack of pensions will likely increase this group in the future unless they have access to and take advantage of their 401k type vehicle. Another large segment just can't wait either because of health reasons or not used to delaying gratification....
by Dandy
Sun Sep 16, 2018 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Total Bond or Total Bond/short-term
Replies: 48
Views: 4866

Re: Total Bond or Total Bond/short-term

VG short term bond index is down a tiny bit ytd. If you want to have some diversity from Total Bond why not Prime Money Market paying 2.10%? I have a large allocation to fixed income in retirement. I diversify my fixed income with short term bond funds and CDs, etc. But, if you are in the accumulati...
by Dandy
Sun Sep 16, 2018 6:58 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 11902

Re: Age in Bonds - Still Recommended?

If you lost your job in 2008, your not going all in on equity in 2009. That happened to me in April of 2008 at age 60. I went from having enough for a nice retirement to not having enough and facing up to a 30 year retirement. Jobs of any kind were not available. When you are 60 most of your job re...
by Dandy
Sat Sep 15, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 98
Views: 7661

Re: Leasing Cars in Retirement

I think driving it into the ground was at one time maximizing cost savings. Been there done that drove a Pinto for 11 years. :oops: It might now be less valid since more up to date cars have better safety and accident avoidance features. One accident avoided can be a lot of savings on repairs and fu...
by Dandy
Sat Sep 15, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 98
Views: 7661

Re: Leasing Cars in Retirement

I have always bought. I hate the car buying process. I feel I would hate the leasing process even more since you have a lot more to negotiate. The more you have to negotiate the greater disadvantage to the buyer. Then you are required to further negotiate the end of the lease if there are any dents,...
by Dandy
Sat Sep 15, 2018 12:09 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 11902

Re: Age in Bonds - Still Recommended?

People often make decisions based on their wealth. e.g. general life style, purchasing a vacation home, buying cars, etc. Those with very high equity allocations, especially retirees who rely heavily on their portfolio, can easily be fooled into thinking their current portfolio level (aka wealth) is...
by Dandy
Sat Sep 15, 2018 8:52 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 11902

Re: Age in Bonds - Still Recommended?

Age in bonds is a decent starting point. It may have fallen out of favor due to the long equity bull market combined with the historically low interest rates. Both can combine to dull the overall risk of equities. Equities have large risks associated with their potential for large gains. A person in...
by Dandy
Fri Sep 14, 2018 8:05 am
Forum: Investing - Help with Personal Investments
Topic: treating all of investments as one asset allocation pool
Replies: 14
Views: 1597

Re: treating all of investments as one asset allocation pool

I like the idea of having tax advantaged accounts mostly fixed income heavy and taxable accounts mostly equity heavy. By having this structure you can often rebalance without creating a taxable event. The good news/bad? news is that over time your equities in the tax advantaged accounts should have ...
by Dandy
Fri Sep 14, 2018 7:37 am
Forum: Investing - Help with Personal Investments
Topic: Best tool/way to manage the a portfolio of multiple accounts
Replies: 25
Views: 1691

Re: Best tool/way to manage the a portfolio of multiple accounts

I just use the VanGuard website by listing my other investments under Outside Investments
+1 Also, you can add, with the right permission, your spouse's VG account so that your whole VG household is shown and updated.
by Dandy
Tue Sep 11, 2018 7:30 am
Forum: Investing - Help with Personal Investments
Topic: AA for funds earmarked for parents' care
Replies: 5
Views: 433

Re: AA for funds earmarked for parents' care

If you are targeting that money for your 70 year old parents possible later care then it seems to make sense to invest as a 70 year old. That probably means a relatively conservative, asset preservation allocation. Since they seem to be in good financial shape it doesn't seem to have to be extremely...
by Dandy
Mon Sep 10, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation house? Need objective third party
Replies: 67
Views: 6150

Re: Vacation house? Need objective third party

where the kids and I would spend the summers, with my spouse spending as much time there as possible (he travels frequently for work) I have enough trouble keeping with one house I never wanted 2. :D From friends that had a vacation place 1. many found that as the kids age they often didn't want to...
by Dandy
Mon Sep 10, 2018 3:20 pm
Forum: Investing - Theory, News & General
Topic: Short Term Market Uncertainty - "Buy" Insurance?
Replies: 33
Views: 2120

Re: Short Term Market Uncertainty - "Buy" Insurance?

Watching the news recently has caused me to be concerned that the probability of a stock market correction or bear market is currently higher than normal. Without starting a discussion of the news itself the areas of concern are upcoming elections, trade wars and yield curve inversion. Does it make...
by Dandy
Mon Sep 10, 2018 11:50 am
Forum: Investing - Theory, News & General
Topic: 3 fund portfolio with Money Market instead of Bonds
Replies: 26
Views: 2902

Re: 3 fund portfolio with Money Market instead of Bonds

I believe it gives some legitimate insight into the size of the effect of changing from intermediate-term bonds to "cash" (MMF), compared to the natural range of variability of this kind of portfolio. Great charts that tend to support the use of intermediate bonds vs money market (actually Short Te...
by Dandy
Mon Sep 10, 2018 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation after paying off mortgage
Replies: 22
Views: 1862

Re: Asset allocation after paying off mortgage

It is great to payoff your mortgage before retirement. It allows you to take a bit more risk. But consider that you are close to retirement and the few years before and after retirement are where you are at somewhat higher risk. I never considered my mortgage debt or my home equity as part of my inv...
by Dandy
Sun Sep 09, 2018 6:03 pm
Forum: Investing - Theory, News & General
Topic: 3 fund portfolio with Money Market instead of Bonds
Replies: 26
Views: 2902

Re: 3 fund portfolio with Money Market instead of Bonds

I'd consider Ltd term tax exempt or short term tax exempt funds depending on your tax bracket. But, over a relatively short term a good intermediate, diversified, low cost, passive bond fund should do fine. Total Bond fits that bill. A VG brokerage 2 year CD paying 2.8% isn't bad either. I'm 70 and ...
by Dandy
Sun Sep 09, 2018 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Recommendations on taxable account
Replies: 11
Views: 1505

Re: Recommendations on taxable account

Total Stock, Total International stock and Ltd Term Tax Exempt (or short term tax exempt). In fact i'd put a lot of your assets in the money market account in Ltd Term Tax Exempt or short term tax exempt. No use paying extra taxes while you carefully invest your cash assets.
by Dandy
Fri Sep 07, 2018 3:42 pm
Forum: Investing - Theory, News & General
Topic: What experts say about "Stay-the-Course"
Replies: 21
Views: 8589

Re: What experts say about "Stay-the-Course"

https://www.youtube.com/watch?v=k6ra5POdsYg&list=PL4cQu5_mUB3Au6lpn7uSodLFcuZ7hFJ5p&index=2 In a youtube discussion with Mark Witte in 2014 discussing allocation and market collapse Mr. Bogle recounts what he did and said at a Morningstar conference in the year 2000. I'll bet some of our honored Bog...
by Dandy
Fri Sep 07, 2018 8:04 am
Forum: Investing - Theory, News & General
Topic: What experts say about "Stay-the-Course"
Replies: 21
Views: 8589

Re: What experts say about "Stay-the-Course"

Jack Bogle: "Stay the Course. No matter what happens , stick to your program. I've said "Stay the course" a thousand times, and I meant it every time. It is the most important single piece of investment wisdom I can give to you." Certainly good general advice. But Mr. Bogle didn't always stay the c...
by Dandy
Fri Sep 07, 2018 5:22 am
Forum: Investing - Help with Personal Investments
Topic: Advice on asset allocation
Replies: 8
Views: 947

Re: Advice on asset allocation

Your biggest risk is the ESOP. It is half your assets and held in one stock and your job, health insurance?, pension? is all tied up in that company. If it falters or fails you will be in big trouble. Your first priority will be to see how you can reduce or eliminate most of that exposure. I had a m...
by Dandy
Thu Sep 06, 2018 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Psychology of saving for college vs retirement
Replies: 66
Views: 4101

Re: Psychology of saving for college vs retirement

I laughed at the time, but this thread got me thinking paying for college may be the best insurance policy if my financial life turns south. It is true that you can't borrow for retirement, but your children having a successful life might be better than any extra money diverted toward retirement. P...
by Dandy
Thu Sep 06, 2018 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Psychology of saving for college vs retirement
Replies: 66
Views: 4101

Re: Psychology of saving for college vs retirement

I agree that trying to provide a college education for your children is a very worthy goal. If you can't adequately save for retirement and save for your children's college - I'd opt for retirement. Your child can take on debt or you can do it or help pay off any loans later in life. Maybe that appr...
by Dandy
Thu Sep 06, 2018 5:57 am
Forum: Investing - Help with Personal Investments
Topic: Pension early distribution options
Replies: 12
Views: 1005

Re: Pension early distribution options

I was always one who wanted to take the deferral option. Waited until 65 to take a pension, waited until 70 to take Social Security on my account and 66 to take SS spousal. I liked the idea of maximizing retirement income to take the pressure off my portfolio to fund retirement and to make the portf...
by Dandy
Thu Sep 06, 2018 5:38 am
Forum: Investing - Help with Personal Investments
Topic: Psychology of saving for college vs retirement
Replies: 66
Views: 4101

Re: Psychology of saving for college vs retirement

I think the Boglehead philosophy is to make sure you are properly funding your retirement before funding your children's college funding. Your retirement funding has a higher priority. It doesn't suggest that you have to max to near the brim but that it is a higher priority. No one is going to help ...
by Dandy
Tue Sep 04, 2018 5:54 am
Forum: Investing - Help with Personal Investments
Topic: How To Invest Windfall When At Market Top
Replies: 26
Views: 4320

Re: How To Invest Windfall When At Market Top

some lump, then DCA (automated if possible) over 12 to 18 months. When there is a bad market in a month double up that month's DCA.
by Dandy
Mon Sep 03, 2018 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for an 87-year-old?
Replies: 36
Views: 2218

Re: Advice for an 87-year-old?

I agree with others that he doesn't seem to need to "invest" this money. There are good online banks paying 1.75% (Discover)or 1.80% (Alliant Credit Union) on Savings, there are short term CDs paying that or more. This is an age where you usually want to keep risk to a minimum and have money somewha...
by Dandy
Mon Sep 03, 2018 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Help with next step on investment choices.
Replies: 4
Views: 315

Re: Help with next step on investment choices.

I like having both equities and fixed income in all types of accounts. Obviously, more equity heavy in taxable and more fixed income heavy in tax advantaged. It makes for a number of easy choices when rebalancing and usually avoids taxable events. Here is a problem that emerged without me noticing. ...
by Dandy
Mon Sep 03, 2018 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Long term safe-asset plan (not long-term bonds) make sense...?
Replies: 7
Views: 784

Re: Long term safe-asset plan (not long-term bonds) make sense...?

Seems as if the fixed income allocation is for stability/safety. A 50/50 allocation at your age is reasonable especially since when you collect SS you will likely cover your normal expenses. CD ladder and Treasuries provide a lot of safety and Treasuries could do well in a flight to safety situation...
by Dandy
Mon Sep 03, 2018 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Aggressive asset allocation and market capitalization for someone with a pension
Replies: 15
Views: 1231

Re: Aggressive asset allocation and market capitalization for someone with a pension

My understanding is that having the pension could eliminate my need to invest in a bond fund. For that reason, I am interested in investing in all stocks. At least for now. 1. Pensions and pension funding is somewhat iffy -- especially collecting it decades from now. Companies and governments seem ...
by Dandy
Sun Sep 02, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Help evaluate my financial situation
Replies: 27
Views: 2495

Re: Help evaluate my financial situation

Obviously, you have more then enough and more to come. On a much smaller scale I in in the same position especially since my pensions and SS basically equal my expense run rate. At age 70 with a large investment portfolio I consider that I have enough. I liked Dr. Wm Bernstein's idea for those who h...
by Dandy
Sun Sep 02, 2018 11:10 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle's answer to the question: Let’s hear your quick advice for a primer on personal finances.
Replies: 11
Views: 2643

Re: Jack Bogle's answer to the question: Let’s hear your quick advice for a primer on personal finances.

Do you think he means it so literally? Isn't it just his way of saying ignore the noise and the short-term ups and downs of the market. He doesn't qualify it. He could say "in theory it would be best if people didn't peek..". If he doesn't mean it he should say so because some non investment/financ...
by Dandy
Sun Sep 02, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Using your home as old age care self-insurance?
Replies: 74
Views: 5892

Re: Using your home as old age care self-insurance?

Getting a house ready for sale when late in retirement and/or having aging related issues seems to present a problem that I would not like to deal with. My mother in law stayed in her house until age 90 and then passed rather quickly. As heirs it was a problem cleaning out her house and getting it r...
by Dandy
Sun Sep 02, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle's answer to the question: Let’s hear your quick advice for a primer on personal finances.
Replies: 11
Views: 2643

Re: Jack Bogle's answer to the question: Let’s hear your quick advice for a primer on personal finances.

once again the well meaning but dumb and dangerous don't peek advice. He really should stop saying that. Everyone needs to look at their financial statements on a somewhat frequent basis to make sure all is ok. If there is an error or fraud financial firms expect you to give them reasonably prompt n...
by Dandy
Sun Sep 02, 2018 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Job woes and retirement - Should I adjust my allocation?
Replies: 20
Views: 2058

Re: Job woes and retirement - Should I adjust my allocation?

I would hang on to this or similar job for as long as you can. Loss of human capital when out of work for a few months and over 50 makes it hard to get decent earnings back - a lot depends on the need for your particular skill. I would go for 50/50 or 45/55 allocation given your position. But, you m...
by Dandy
Sun Sep 02, 2018 9:24 am
Forum: Investing - Help with Personal Investments
Topic: What are your goals when you change your bond funds?
Replies: 36
Views: 2396

Re: What are your goals when you change your bond funds?

Decided to roughly follow Dr. Wm Bernstein's idea of have X years worth of drawdown "safe". For me that is a combination of principal safe assets e.g. CDs, Savings, etc. and Short term bond funds. With rising rates I put a bit more in CDs/Savings than Short Term bond funds. When interest rates stabi...
by Dandy
Sat Sep 01, 2018 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Don't Look and Have A Doctor Waiting When You DO
Replies: 35
Views: 5831

Re: Don't Look and Have A Doctor Waiting When You DO

A really bad idea. I think it is half serious. The serious part is people often select a good plan and then let the market/media hype etc. get them to tinker with it or try market timing etc. So, if they would just get on with their life and not fuss over their investments they would probably be pl...
by Dandy
Sat Sep 01, 2018 6:47 am
Forum: Investing - Help with Personal Investments
Topic: Don't Look and Have A Doctor Waiting When You DO
Replies: 35
Views: 5831

Re: Don't Look and Have A Doctor Waiting When You DO

A really bad idea. I think it is half serious. The serious part is people often select a good plan and then let the market/media hype etc. get them to tinker with it or try market timing etc. So, if they would just get on with their life and not fuss over their investments they would probably be ple...
by Dandy
Thu Aug 30, 2018 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: 2018 August - Dollar Cost Averaging vs LumpSum of 420k
Replies: 39
Views: 2970

Re: 2018 August - Dollar Cost Averaging vs LumpSum of 420k

I'm feeling extremely nervous about investing that much into my current 560k portfolio in lumpsum. You can talk lump sum and make a lot of sense. When a person with that large a lump and is that nervous - to me that is a candidate for some lump and some DCA. Gets them off the sidelines, gets them i...
by Dandy
Thu Aug 30, 2018 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: 2018 August - Dollar Cost Averaging vs LumpSum of 420k
Replies: 39
Views: 2970

Re: 2018 August - Dollar Cost Averaging vs LumpSum of 420k

I was thinking of maybe sticking around 50k immediately into the current portfolio and then sending the remaining in installments. Pretty much what I would do. I would make the installments automated and add that you should double up on a monthly installment when the portfolio has a bad month. I wo...
by Dandy
Wed Aug 29, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Bank Bonus Deposit/Withdrawal Timing Inquiry
Replies: 14
Views: 1052

Re: Chase Bank Bonus Deposit/Withdrawal Timing Inquiry

I don't have the answer and would probably only trust an answer from Chase. BofA had a similar bonus plan. Check out after you do satisfy when does Chase commit to get the bonus in your account. I believe it is something like we will attempt to get the bonus in your account within 90 days. That was ...
by Dandy
Tue Aug 28, 2018 3:14 pm
Forum: Investing - Theory, News & General
Topic: Pensions and retirement savings rate
Replies: 30
Views: 2628

Re: Pensions and retirement savings rate

15% is off to a great start. The best advice I got starting out was each time you get a raise (or bonus) try to up your savings a bit. You won't really miss it. It may not be a whole percent but you can find ways to up the savings a little in other ways. e.g. automate $x dollars from checking to sav...
by Dandy
Sun Aug 26, 2018 7:21 am
Forum: Investing - Help with Personal Investments
Topic: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?
Replies: 34
Views: 5814

Re: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?

It seems that you have more than enough. To me that means shifting more to asset preservation vs growth. I am 70 and in my late 60's I was in almost a similar position. I have a 43/57 allocation but the fixed income portion is divided about 1/3 no loss of principal e.g. CDs, Money Markets, Savings, ...
by Dandy
Sat Aug 25, 2018 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Game Changing Inheritance of Stocks! Now what?
Replies: 75
Views: 7131

Re: Game Changing Inheritance of Stocks! Now what?

Sell the Berk stock, pay off the current mortgage, decide on an allocation to equities/fixed income, implement plan. Easy to say, not easy to do. No rush except on selling all the Berk stock while it has minimal tax impact. Buffet and his stock has done well but it is not good to have almost all you...
by Dandy
Sat Aug 25, 2018 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Take pension immediately upon retirement, or use 457 funds?
Replies: 36
Views: 1724

Re: Take pension immediately upon retirement, or use 457 funds?

Sounds good. Maybe it's me but if you have expenses covered with the pension at 56 you start off in great shape since you also have a 457. I would certainly start off with your plan but wouldn't feel comfortable with zero or close to it in other financial assets. Will you be able to get Social Secur...
by Dandy
Fri Aug 24, 2018 6:39 am
Forum: Investing - Help with Personal Investments
Topic: What to do with cash in this market?
Replies: 34
Views: 3348

Re: What to do with cash in this market?

cash is paying about 2%. An equity market at or near its high after a long bull market and the Fed still suggesting some interest hikes -- I wouldn't be in a rush to invest. There are always storm clouds on the horizon but we have a potential trade war due to tariffs and a chance that the elections ...
by Dandy
Tue Aug 21, 2018 10:17 am
Forum: Investing - Theory, News & General
Topic: Another approach to bonds
Replies: 20
Views: 2185

Re: Another approach to bonds

If you have a spouse and your pension will be reduced upon your death you may want to take into consideration the impact. There may be a need to draw down more, higher taxes (single vs married, etc.). It may not make a major difference but something to consider. I have a pension and SS that almost m...
by Dandy
Mon Aug 20, 2018 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation advice
Replies: 4
Views: 434

Re: Allocation advice

You seem to be in great shape. I am/was when I retired in 2008. That was when the market really tanked and I missed an opportunity because of lack of knowledge and worry about the market. I did hold on to take SS at age 70 which worked out fine. What I missed was doing more Roth Conversions from my ...
by Dandy
Mon Aug 20, 2018 6:51 am
Forum: Investing - Help with Personal Investments
Topic: dollar cost averaging
Replies: 14
Views: 1499

Re: dollar cost averaging

Studies show that about 2/3 of the time lump sum works out best. After all equities usually rise over time. Not sure there have been studies done comparing DCA to lump when market valuations are high. My guess is that the lump advantage isn't so great. I usually suggest if there is some doubt to com...
by Dandy
Sun Aug 19, 2018 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for 86 year old
Replies: 14
Views: 1280

Re: Asset Allocation for 86 year old

How much do you need from the portfolio per year? I am thinking about putting 2 years of expenses in a high yield saving accounts from Ally. Then the next 5 years of expenses in a CD ladder maturing 3 years, 4 years, 5 years, 6 years, 7 years from now. Whatever leftover can be in an appropriate ass...
by Dandy
Sun Aug 19, 2018 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Retirees: Timing your withdrawals
Replies: 40
Views: 3841

Re: Retirees: Timing your withdrawals

I fund an online savings account with about 2 of withdrawals and have my pension and SS sent to that account also. Twice a month I have money from that savings sent to my checking account. Acts like a bi monthly paycheck. If it isn't enough it also lets me know that my expenses might be creeping up....
by Dandy
Sun Aug 19, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Online Banking - School Me
Replies: 21
Views: 2287

Re: Online Banking - School Me

I get the fact that if there is a problem it gives great comfort to be able to walk into the branch and get it resolved as opposed to calling an 800 number and hoping the CSR can resolve the issue or will let you talk to the supervisor. Last year I had a major fraud on my checking account with a maj...