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by livesoft
Mon May 14, 2018 5:21 pm
Forum: Personal Consumer Issues
Topic: Ratio of car repair cost to car's value?
Replies: 17
Views: 1381

Re: Ratio of car repair cost to car's value?

I always used "future use" rather than your ratio. For instance, if I thought I could get another 25,000 miles out of a repair, I might spend $2,500.

You might figure you cost-per-mile over the past 10 years and use that instead of 10 cents a mile or whatever.
by livesoft
Mon May 14, 2018 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: Help transition from (complex) financial advisor portfolio to simpler portfolio
Replies: 2
Views: 350

Re: Help transition from (complex) financial advisor portfolio to simpler portfolio

So selling assets in the taxable account is the main thing to think about because the other accounts need no thinking. For each asset in taxable, you need to figure out the cost basis, gain or loss , whether short- or long-term (or both), and commission to sell. Then you can create a plan of selling...
by livesoft
Mon May 14, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Bicycle insurance? when you're in the roadway like a car
Replies: 38
Views: 3099

Re: Bicycle insurance? when you're in the roadway like a car

I suppose they/we can still be the subject of a lawsuit.
by livesoft
Mon May 14, 2018 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Military Retirement Direct Depost hijacked?
Replies: 15
Views: 2013

Re: Military Retirement Direct Depost hijacked?

Wow. Thanks for the update. I suppose no one will actually go after the perp. They probably did a handful of these re-directs.

You saw what was reported by Mexican banks today.
by livesoft
Mon May 14, 2018 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Stock Market ETF vs. Vanguard Total Stock Market Index Fund Admiral Shares
Replies: 7
Views: 990

Re: Vanguard Total Stock Market ETF vs. Vanguard Total Stock Market Index Fund Admiral Shares

dcr1984 wrote:
Mon May 14, 2018 11:22 am
Forgive the beginner's question but if there a significant difference between investing in the Total Stock Index fund vs the ETF?

Thanks!
No. There is no significant difference. There are only very minor differences.
by livesoft
Mon May 14, 2018 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance - all blue chip - now what?
Replies: 12
Views: 1825

Re: Inheritance - all blue chip - now what?

Livesoft - can you please elaborate for me your statements above regarding how to create less tax? Sure. 1. Study IRS Publication 17 and 550 as well as a few others. 2. Understand how to fill out Form 1040, Schedule B, Schedule D, and other personal tax forms. Understand how they interact with each...
by livesoft
Mon May 14, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Help with balancing moving into bonds
Replies: 2
Views: 377

Re: Help with balancing moving into bonds

Since you can buy VBTLX in your 401(k), that's what I suggest you do. Today is not a bad time to buy a total bond index fund. Today I actually have submitted a limit order to buy shares of an ETF of such a fund. So what's the problem? Either you submit an order or you don't. You can exchange from an...
by livesoft
Mon May 14, 2018 7:27 am
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 138
Views: 7099

Re: Is there a boglehead muscle car?

I think it's a Tesla with Ludicrous Speed.

I suppose one day somebody will put a Mustang body on a Tesla frame.
by livesoft
Mon May 14, 2018 6:16 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance - all blue chip - now what?
Replies: 12
Views: 1825

Re: Inheritance - all blue chip - now what?

We see on the forum quite often where people who inherit a stock portfolio do not sell all stocks after a step-up in basis occurs and then later they want to move to a passively-managed, low-expense ratio index fund portfolio. Those beneficiaries then have a helluva time figuring out gains and losse...
by livesoft
Sun May 13, 2018 10:19 pm
Forum: Personal Consumer Issues
Topic: Inexpensive and comfortable outdoor patio furniture
Replies: 7
Views: 746

Re: Inexpensive and comfortable outdoor patio furniture

Comfort is so subjective that I don't see how anyone can advise you. In our area "Chair King" is the store for outdoor furniture. Do you have one in your area that you can go try out comfort? Our patio furniture is almost 25 years old. The sling chair material has been replaced twice and the aluminu...
by livesoft
Sun May 13, 2018 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA from Brokerage to Bank CD
Replies: 8
Views: 447

Re: Inherited IRA from Brokerage to Bank CD

It does not have to remain at a brokerage, but ....

Brokerages have CDs that are competitive to bank CDs.

Getting an RMD amount annually out of a CD is rather difficult don't you think?
by livesoft
Sun May 13, 2018 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Are bonds really needed - why not 100% stocks?
Replies: 71
Views: 5334

Re: Are bonds really needed - why not 100% stocks?

There are many time periods of up to 25 years in length when bonds outperformed stocks over those periods. Thanks for the reply. Could you please let me know when those periods were? Please read "Nonprofit Asset Management" by Rice, DiMeo, and Porter. See Exhibit 2.10. One example: September 1980 t...
by livesoft
Sun May 13, 2018 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Are bonds really needed - why not 100% stocks?
Replies: 71
Views: 5334

Re: Are bonds really needed - why not 100% stocks?

There are many time periods of up to 25 years in length when bonds outperformed stocks over those periods.
by livesoft
Sun May 13, 2018 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Military Retirement Direct Depost hijacked?
Replies: 15
Views: 2013

Re: Military Retirement Direct Depost hijacked?

I would not be surprised if this was nothing more than an address change for the bank. Or even maybe a name change: Big Bank, NY -> Big Bank, N.A.
by livesoft
Sun May 13, 2018 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: Stay with TD Ameritrade or move to Schwab,Fidelity
Replies: 43
Views: 4327

Re: Stay with TD Ameritrade or move to Schwab,Fidelity

I guess commission-free ETFs in TD are a viable alternative, but then if you sell less than 30 days you're hit with likely a $7 fee, and you need to sell in order to get back the buying power lost from holding commission free ETFs. Seems simpler to hold cash in a non-TD brokerage that pays nicely o...
by livesoft
Sun May 13, 2018 6:11 pm
Forum: Investing - Theory, News & General
Topic: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality
Replies: 81
Views: 8520

Re: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality

The ERN piece does look at Bogleheads VPW in those worst-case years. I read it a while ago, but I think that even VPW required one to spend 75% less than the starting amount in order for the portfolio to survive. Who can cut spending by 75%? Answer: Somebody who doesn't need to worry about SWR.
by livesoft
Sun May 13, 2018 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Would like to learn more about Roth vs Traditional (403b)
Replies: 19
Views: 1349

Re: Would like to learn more about Roth vs Traditional (403b)

I think you should do traditional 403(b). You are going to end up with lots of money anyways and your tax situation won't matter. You can always change to a Roth 403(b) when you think there is more clarity to your situation. Just be sure to invest the tax savings you get now in a taxable account and...
by livesoft
Sun May 13, 2018 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Small cap value tilt
Replies: 15
Views: 1936

Re: Small cap value tilt

Not much to say about what you have posted. The portfolio is well within the ranges of 100% equity portfolios presented on the forum. I would not characterize some of the funds the way you have. VEA and VEIEX both have small-caps nowadays. But no matter. And since these are all in Roths, there is no...
by livesoft
Sun May 13, 2018 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Two Fund or A Managed Portfolio?
Replies: 13
Views: 859

Re: Vanguard Two Fund or A Managed Portfolio?

I'd just buy VSMGX for both IRAs and forget about it. VSMGX is the Vanguard LifeStrategy Moderate Growth fund which keeps a 60/40 asset allocation. Such a purchase would save about 1.4% a year of excess fees over the managed portfolio and just make life incredibly simple.
by livesoft
Sun May 13, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime Money Market instead of bond fund
Replies: 40
Views: 4974

Re: Vanguard Prime Money Market instead of bond fund

For how long? You can chart the total return of VBTLX and VMMXX and see that VBTLX outperforms in the long run.
by livesoft
Sun May 13, 2018 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: How to Exchange Funds in Roth IRA w/o penalty
Replies: 4
Views: 280

Re: How to Exchange Funds in Roth IRA w/o penalty

Yes, it is possible and the exchanges would not count as a withdrawal.

If you are uncertain, then call up Vanguard and do it over the phone.

The initial minimum purchase for VMMSX is $3,000 which would be about 5.8% of $52K.
by livesoft
Sun May 13, 2018 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Stay with TD Ameritrade or move to Schwab,Fidelity
Replies: 43
Views: 4327

Re: Stay with TD Ameritrade or move to Schwab,Fidelity

In my 401(k) I buy shares of BIL and FLRN instead of leaving it in the cash sweep account. These are free trades, but note the early redemption commission if you sell too soon. The way around that is to start with BIL and hold for 31 days, then buy FLRN and always have something that was last purcha...
by livesoft
Sun May 13, 2018 1:07 pm
Forum: Personal Consumer Issues
Topic: Subaru Crosstrek vs Outback
Replies: 32
Views: 2338

Re: Subaru Crosstrek vs Outback

Since I don't currently own a car, that means I don't have car insurance. And while credit cards provide collision coverage, they don't cover liability. So, I need to get liability from the rental company which adds $15 - $20 per day to the rental cost. That adds up quickly. Since you will eventual...
by livesoft
Sun May 13, 2018 1:03 pm
Forum: Investing - Theory, News & General
Topic: Inherited Roth IRA question
Replies: 4
Views: 483

Re: Inherited Roth IRA question

Since you are using the Roth withdrawal to help fund your other Roths, I think that is a great idea. However, if you have other money to fund your Roths, then I would simply transfer the EJ inherited Roth to Vanguard as an inherited Roth. I understand that the RMD can be a hassle, but you could use ...
by livesoft
Sun May 13, 2018 12:44 pm
Forum: Personal Consumer Issues
Topic: Subaru Crosstrek vs Outback
Replies: 32
Views: 2338

Re: Subaru Crosstrek vs Outback

FWIW, I rented a 2018 Camry 4-door sedan for my trip to the mountains. I think all new cars probably have the equivalent of EyeSight ... at least the Camry did. I'll say the Camry was not underpowered. In the past I've rented a Toyota RAV4 for Colorado mountain driving. Not underpowered either. Rece...
by livesoft
Sun May 13, 2018 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Selling shares from taxable, do lot choices matter?
Replies: 9
Views: 368

Re: Selling shares from taxable, do lot choices matter?

You don't have to sell all the shares in a lot either.

Unfortunately, your broker does not show the percent gain for each lot. I would be selling the shares with loss, then the long-term-held shares with the least percent gain. That would keep my taxes the lowest.
by livesoft
Sun May 13, 2018 11:11 am
Forum: Investing - Help with Personal Investments
Topic: About to fire advisor, lagging. Comments?
Replies: 17
Views: 1125

Re: About to fire advisor, lagging. Comments?

Why do you need any approval to do this from the peanut gallery? Did you ask for our approval when you signed up with this outfit in the first place?
by livesoft
Sun May 13, 2018 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Selling shares from taxable, do lot choices matter?
Replies: 9
Views: 368

Re: Selling shares from taxable, do lot choices matter?

Of course lot choices matter. Your choice will affect your income and thus your taxes in a big way.
by livesoft
Sun May 13, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Advice on building a timeless mens wardrobe?
Replies: 65
Views: 4705

Re: Advice on building a timeless mens wardrobe?

Amateur question about button down shirts and clothes in general. Do I simply purchase a shirt or whatever article of clothing that fits me as well as possible and then if needed take it to a tailor to fine tune it to fit my body better? Totally agree that clothes that fit is very important and loo...
by livesoft
Sun May 13, 2018 8:23 am
Forum: Personal Finance (Not Investing)
Topic: setting up trust- possible sibling drama may ensue
Replies: 34
Views: 2870

Re: setting up trust- possible sibling drama may ensue

I'd create more drama: Tell each sibling that the inheritance will be split equally among the other siblings and cut that one out of it.
by livesoft
Sun May 13, 2018 8:18 am
Forum: Investing - Help with Personal Investments
Topic: [Three-fund portfolio in taxable account (New York City)]
Replies: 17
Views: 1281

Re: [Three-fund portfolio in taxable account (New York City)]

NYC investors can make things very simple. First, there is a lot in this thread about rebalancing. The reality is that rebalancing will probably not be needed, so don't worry about it. Take your dividends in cash (every quarter from the equity funds, every month from the bond funds) and use the cash...
by livesoft
Sun May 13, 2018 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Three fund portfolio performance
Replies: 31
Views: 3933

Re: Three fund portfolio performance

You do know that a 3-fund portfolio can have an infinite number of asset allocations. The 2-year performance of VSMGX which has a 60/40 asset allocation is about 22% total return or about 10% per year. A little more than 2 years ago was a very nice low in the stock markets in February 2016 which mad...
by livesoft
Sat May 12, 2018 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Semi-windfall for a long-time Boglehead
Replies: 23
Views: 2968

Re: Semi-windfall for a long-time Boglehead

If you can move some of the windfall into a donor-advised fund, that could be very effective. How so? I think it would be more effective to keep assets in a taxable account where in the future they could be donated to a donor-advised fund, and then practically immediately to charity. That way, the ...
by livesoft
Sat May 12, 2018 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: Semi-windfall for a long-time Boglehead
Replies: 23
Views: 2968

Re: Semi-windfall for a long-time Boglehead

I know many people with net worth in the mid-7-figures and higher. Some from life insurance, some from just working, some from selling businesses. I think a main thing is not to treat this money as manna from heaven that you might blow, but instead treat it has hard earned and use it as if you had j...
by livesoft
Sat May 12, 2018 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Need Input on My Early Retirement Plan.....
Replies: 45
Views: 5335

Re: Need Input on My Early Retirement Plan.....

Just saw this thread. I am early retired now and never had any cash cushion. Studies show it is a complete waste of money. It is only psychologically beneficial, but at a cost that is not worth paying. So we have only enough cash to pay the bills for the next 2 weeks or so. Everything else is invest...
by livesoft
Sat May 12, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: First time seller interviewing realtors--what to ask?
Replies: 19
Views: 1634

Re: First time seller interviewing realtors--what to ask?

So you aren't going to ask them how much they charge and if they will take a lower fee?
by livesoft
Sat May 12, 2018 6:43 pm
Forum: Personal Consumer Issues
Topic: hedge trimmer
Replies: 7
Views: 410

Re: hedge trimmer

I have no skin in this game and would love for it to work for you. Per my previous post Greenworks says no. I would simply suggest you analyze why - maybe the angle since the extension can’t be removed. I’m all for not wasting money. Cheers. Greenworks says it cannot be used without the pole, but n...
by livesoft
Sat May 12, 2018 5:25 pm
Forum: Investing - Theory, News & General
Topic: short term investment
Replies: 17
Views: 1017

Re: short term investment

Treasuries are debt obligations of the US Federal Government. A web search or search at your financial institution's web site may be helpful.
by livesoft
Sat May 12, 2018 5:14 pm
Forum: Personal Consumer Issues
Topic: hedge trimmer
Replies: 7
Views: 410

Re: hedge trimmer

Of course it can be used to trim lower bushes and hedges.. You just hold it differently ... as in Lower. But the pole is still there.
by livesoft
Sat May 12, 2018 4:41 pm
Forum: Investing - Theory, News & General
Topic: Guidelines on ratio of Pre-tax, Roth, Post-tax Investing
Replies: 33
Views: 1629

Re: Guidelines on ratio of Pre-tax, Roth, Post-tax Investing

There are no guidelines.

My scenario is pay no taxes now and pay no taxes later. Can you do the same?
by livesoft
Sat May 12, 2018 4:35 pm
Forum: Investing - Theory, News & General
Topic: short term investment
Replies: 17
Views: 1017

Re: short term investment

Treasuries. No need for FDIC insurance and you cut out the middlemen.
by livesoft
Sat May 12, 2018 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Is Whole Life Insurance Worth It?
Replies: 54
Views: 3880

Re: Is Whole Life Insurance Worth It?

Whole life is great for the sales person who sells it to you, but not for you. There is no way your friend would ever not recommend whole life. Do you see why that is the case? You can probably find out that term life would cost you about $200 a year. As for whether you need life insurance, you didn...
by livesoft
Sat May 12, 2018 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie question:Brokerage Acct
Replies: 9
Views: 596

Re: Newbie question:Brokerage Acct

I have not paid any fees to Vanguard for having brokerage accounts with them. I am sure one can figure out a way to pay fees if they want to pay fees.
by livesoft
Sat May 12, 2018 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with 401K set up meeting
Replies: 16
Views: 725

Re: Need help with 401K set up meeting

I have read the setting up portion of the wiki as well, but I am fairly certain that my role in this meeting is strictly concerning investment options and not any of the technical aspects of an actual 401k set up..however I may be wrong and will be prepared for both. My HR director has requested T ...
by livesoft
Sat May 12, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Is it ok to use ETFs in a Roth IRA?
Replies: 12
Views: 836

Re: Is it ok to use ETFs in a Roth IRA?

It is perfectly OK to use ETFs in a Roth IRA, just as it is perfectly OK to use mutual funds in a Roth IRA, just as it is perfectly OK to use ETFs and mutual funds at the same time in a Roth IRA.
by livesoft
Sat May 12, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 317
Views: 22096

Re: Lucrative careers?

I think science can be a very lucrative career. I would only hire PhD level scientists though with a proven track record in publications and patents.
by livesoft
Sat May 12, 2018 12:55 pm
Forum: Personal Consumer Issues
Topic: How to think about schools/homes (Greatschools/Niche)
Replies: 70
Views: 4481

Re: How to think about schools/homes (Greatschools/Niche)

I didn't read any of the replies. I'd say that the more expensive home is the place to go if it reduces your commute-to-work time now and in the future. I'll disagree that the 2 minutes closer is a non-factor. Things will change over the years, so the commute time could change significantly. Such a ...
by livesoft
Sat May 12, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 317
Views: 22096

Re: Lucrative careers?

I wonder if the OP could start (or buy) a business that services / clean aquariums (salt and freshwater) for hotels, restaurants, wealthy clientele. There are a few of those in my area, but I have no idea how those businesses survive. I don't think it would take a college degree either. This is not ...
by livesoft
Sat May 12, 2018 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with 401K set up meeting
Replies: 16
Views: 725

Re: Need help with 401K set up meeting

I was a fiduciary for my former employer's 401(k) and went to many such meetings. Everything you need to know is probably in the Bogleheads.org wiki: https://www.bogleheads.org/wiki/How_to_campaign_for_a_better_401(k)_plan https://www.bogleheads.org/wiki/Setting_up_a_401(k)_plan I think the main thi...
by livesoft
Sat May 12, 2018 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on building a timeless mens wardrobe?
Replies: 65
Views: 4705

Re: Advice on building a timeless mens wardrobe?

+1 When I married my husband, he dressed in sharp business attire which included pleated, cuffed, slacks that "broke" on the shoe. Today his slacks are flat-front, no cuffs, and barely skim the shoe. His old slacks would look ridiculous and dated. I think most people would agree that pleated, cuffe...