Search found 1009 matches

by friar1610
Tue Mar 28, 2017 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: RMD in 2018
Replies: 49
Views: 4227

Re: RMD in 2018

My wife and I have IRAs that are roughly equivalent in size and are fairly modest. I'm in my 2nd year of RMDs; it is her first. - we each take two semi-annual distributions. - they are offset by 3 months. As a result we get one distribution per quarter. - we have VG take out both Fed and state taxes...
by friar1610
Tue Mar 28, 2017 4:05 pm
Forum: Investing - Theory, News & General
Topic: Annuity to defer interest income
Replies: 11
Views: 1160

Re: Annuity to defer interest income

Something occurred to me. There is no relatively safe investment vehicle which appreciates with capital gains that are not distributed and pays no interest? Probably not, but I'll throw it out there. Growth stocks may be sorta safe over the long term, but certainly not in the intermediate or short ...
by friar1610
Fri Mar 24, 2017 12:25 pm
Forum: Investing - Theory, News & General
Topic: AA after reaching your "freedom number"?
Replies: 39
Views: 4654

Re: AA after reaching your "freedom number"?

IRT the original question, with a good pension + SS x 2 (essentially providing the "freedom"), we've kept our AA in the 40-50% equity range with about 4-5% cash and the remainder in a combination of Total Bond Index, CDs and I-Bonds. At the moment, equity is at about 45%. I would probably ...
by friar1610
Thu Mar 23, 2017 9:00 pm
Forum: Investing - Theory, News & General
Topic: AA after reaching your "freedom number"?
Replies: 39
Views: 4654

Re: AA after reaching your "freedom number"?

But of course if you went all in for Vanguard's Wellington Income fund you'd be 40/60, but historically you'd only be behind the S&P 500 by about .4% CAGR, but with only a fraction of the volatility. You mean Wellesley Income, right? It was years before I had the two W's straight in my mind.
by friar1610
Thu Mar 23, 2017 7:35 pm
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 228
Views: 44834

Re: How much international stock? A suggestion.

Somewhat germane to this topic... I spent time yesterday cleaning out some old files on my computer and ran across a Vanguard-prepared investment plan/recommendation that had been done for me in 2014 (when I was 69). It recommended a 50/50 equity/bond allocation. The equity recommendation was 40% US...
by friar1610
Thu Mar 16, 2017 4:11 pm
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 169
Views: 37989

Re: "Predicting the Past"

Can anyone tell (and convince) me which fund is the best? flyingaway: No one can tell you which fund will turn out to be best because no one can predict the future . Lot's of investors try to figure out which fund or funds will beat the market by using figures from past performance or with complex ...
by friar1610
Tue Mar 14, 2017 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 131
Views: 15606

Re: GEICO auto rates vs. USAA: too good to be true?

I have been with USAA for decades and use them for home, auto, valuable personal property, and umbrella liability insurance. I think USAA has different internal insurance companies with different fee structures depending upon your membership type. I was active military and reserve officer. I have t...
by friar1610
Fri Mar 03, 2017 8:21 pm
Forum: Investing - Theory, News & General
Topic: Vanguard and bond recomendations
Replies: 18
Views: 2235

Re: Vanguard and bond recomendations

elgob.bogle wrote:"I believe that the 110 minus age formula yields a suggested stock allocation with the remainder being equities. "

Huh????

elgob



Typing faster than I was thinking. Corrected to read "remainder being in bonds."
by friar1610
Fri Mar 03, 2017 6:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard and bond recomendations
Replies: 18
Views: 2235

Re: Vanguard and bond recomendations

Not to derail OP's inquiry but, shouldn't majority of investors out there, invest in Vanguard's bond guideline of subtracting your age from 110 to determine amount of bond exposure regardless of market conditions? Do Bogleheads adhere to this recommendation or is it generally ignored? I believe tha...
by friar1610
Fri Mar 03, 2017 4:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard and bond recomendations
Replies: 18
Views: 2235

Re: Vanguard and bond recomendations

Actually Vanguard has people putting too much in stocks as the overly risky glide path of their target retirement funds has been discussed many times. That does not even mention all the stocks they try to sell people in their many and varied stock funds. They even cuddle up to Buffett by offering a...
by friar1610
Fri Mar 03, 2017 12:02 pm
Forum: Investing - Theory, News & General
Topic: Vanguard and bond recomendations
Replies: 18
Views: 2235

Re: Vanguard and bond recomendations

Actually Vanguard has people putting too much in stocks as the overly risky glide path of their target retirement funds has been discussed many times. That does not even mention all the stocks they try to sell people in their many and varied stock funds. They even cuddle up to Buffett by offering a...
by friar1610
Thu Mar 02, 2017 8:42 pm
Forum: Investing - Theory, News & General
Topic: Treasury Direct - Changing Passwords?
Replies: 2
Views: 422

Re: Treasury Direct - Changing Passwords?

After you log in, go to Manage Direct and click on Change Password. You must follow password requirements such as: Your password must be a minimum of eight (8) characters without spaces. Your password is NOT case-sensitive. Your password must contain at least one letter, one number, and one special...
by friar1610
Thu Mar 02, 2017 5:10 pm
Forum: Investing - Theory, News & General
Topic: Treasury Direct - Changing Passwords?
Replies: 2
Views: 422

Treasury Direct - Changing Passwords?

A comment in an ongoing thread on I-Bonds has motivated me to change and strengthen my Treasury Direct password. I've just spent a half hour on TD trying to figure out how to do so but have not been successful. I know the TD site has a reputation for being difficult to deal with; I don't know if I a...
by friar1610
Wed Mar 01, 2017 11:17 am
Forum: Personal Consumer Issues
Topic: Comfortable Vehicle Front Seats
Replies: 105
Views: 17921

Re:

hicabob wrote:Try a Volvo? - not the flashiest cars but they spend a lot of time developing and have what many consider the worlds best seats.


I have a Volvo and I never really think about the seats. Which must mean I'm happy with them.
by friar1610
Wed Mar 01, 2017 9:18 am
Forum: Investing - Theory, News & General
Topic: Treating I-Bonds as Long-term Bond Holdings
Replies: 19
Views: 2512

Re: Treating I-Bonds as Long-term Bond Holdings

I treat my I-Bonds as bonds but don't get too hung up on whether they're long-term or not. They'll just sit there until they're needed or max out at 30 years. I certainly value their flexibility in that I can redeem them virtually any time I want to. I'm fortunate to have some from the good old 3.4%...
by friar1610
Tue Feb 28, 2017 7:11 am
Forum: Investing - Theory, News & General
Topic: Buffett interview Monday 2/27
Replies: 38
Views: 5243

Re: Buffett interview Monday 2/27

sambb wrote:isnt buffet a very senior individual who is still a stock picker and active manager?He market times also? I will pass on his interviews.


Hey! A lot of us BHs are "very senior individuals".
:beer
by friar1610
Sat Feb 25, 2017 9:05 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing frequency - Balanced funds
Replies: 11
Views: 1350

Re: Rebalancing frequency - Balanced funds

Aren't the studies that argue against frequent rebalancing talking about individual investors? Isn't it a totally different issue for funds that continuously have cash inflows and redemptions? What else can a fund do but use those inflows and outflows to maintain its target AA?
by friar1610
Sat Feb 25, 2017 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Has anyone had problems gifting Vanguard shares to an organization?
Replies: 33
Views: 2987

Re: Has anyone had problems gifting Vanguard shares to an organization?

I've been gifting to my alma mater annually for years. Here's the old way an the new way that I've experienced: Old: I had a VG MF account. So did the college. I filled out a form (forget what it was called) asking VG to transfer $X worth of shares to the college's VG account. That form had to go fr...
by friar1610
Wed Feb 22, 2017 8:59 pm
Forum: Investing - Theory, News & General
Topic: Retiree Accumulation/Withdrawal Phase -- How many funds do you have? Allocation? Withdrawal strategy?
Replies: 90
Views: 8773

Re: Retiree Accumulation/Withdrawal Phase -- How many funds do you have? Allocation? Withdrawal strategy?

Ages 71/70 Retired 13 years (me) "Withdrawal" Phase Overall AA about 45/51/4 All funds are VG Total Stock Index (taxable) Total Int Index (taxable) ST Bond Index (taxable) Total Bond Index (about 2/3 of both our IRAs) Wellesley (about 1/3 of both our IRAs) Life Cycle Conservative Growth cl...
by friar1610
Wed Feb 22, 2017 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio with Variable Annuity
Replies: 3
Views: 372

Re: Portfolio with Variable Annuity

I am a Vanguard Variable Annuity owner although I am quite a bit older than you. To me it would make a lot of sense to transfer (a 1035) from your high cost VA to Vanguard's. At your tax bracket you would take a pretty big tax hit if you were to simply redeem it. One thing to look at would be one of...
by friar1610
Tue Feb 21, 2017 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: The need for bonds if I have a pension?
Replies: 43
Views: 3569

Re: The need for bonds if I have a pension?

Think of a pension as something that reduces your income needs, not as a bond equivalent. Pick an asset allocation appropriate to your remaining income needs and other circumstances. Not a teacher here but a military retiree so the pension situation is roughly equivalent. I always ignored the advic...
by friar1610
Tue Feb 21, 2017 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: The need for bonds if I have a pension?
Replies: 43
Views: 3569

Re: The need for bonds if I have a pension?

Think of a pension as something that reduces your income needs, not as a bond equivalent. Pick an asset allocation appropriate to your remaining income needs and other circumstances. Not a teacher here but a military retiree so the pension situation is roughly equivalent. I always ignored the advic...
by friar1610
Sat Feb 18, 2017 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: How do you invest the proceeds [from your RMD?]
Replies: 22
Views: 2288

Re: How do you invest de proceeds

from your RMD's????? Many thanks! parigi. I put them in a ST Bond index in my taxable account (after taxes have been taken out). Since they come from an IRA which is largely bonds, this more or less maintains my AA. If I am going to make a major purchase (such as an upcoming cruise), I tap the taxa...
by friar1610
Sat Feb 18, 2017 8:51 am
Forum: Investing - Theory, News & General
Topic: What's a good analogy for average returns?
Replies: 45
Views: 3337

Re: What's a good analogy for average returns?

Here's an off-the-wall appriach...Remember the town in Prairie Home Companion where all the children were above average? I think everyone quickly recognizes the irony, humor and mathematical impossibility of that. See if you can get your friends to recognize that it's similarly crazy to think everyo...
by friar1610
Fri Feb 17, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Web Site Down?
Replies: 98
Views: 6044

Re: Vanguard seems to have gone off the grid

The level of impatience about a brief interruption of service is a little over the top. Banks, airline reservations, 401K administrators, hotel web-sites, Bogleheads.org, and even mutual fund companies occasionally go off-line. This is the modern world. +1 (Although I admit that I was not hot to ge...
by friar1610
Thu Feb 16, 2017 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Is 30% stock enough to keep up with (or beat) inflation?
Replies: 39
Views: 4262

Re: Is 30% stock enough to keep up with (or beat) inflation?

To the OP, You may have already seen it but there is a good article by Rick Ferri which suggests that 30% equities is an excellent allocation for retirees (with higher allocations perhaps making sense based on personal circumstances.) I don't have the link handy but if you Google Rick Ferri and Reti...
by friar1610
Wed Feb 15, 2017 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: "The Real Reason Big Savers Retire Early: Minimizing Retirement Savings Needs" by Michael Kitces
Replies: 5
Views: 2313

Re: "The Real Reason Big Savers Retire Early: Minimizing Retirement Savings Needs" by Michael Kitces

I'm not sure what "lifestyle creep" is. If you can afford and want to do "it"--whatever "it" is--do it. Save and invest so you can do . Lev Here's an example of what it is. I was a career military officer. By the time I was in my final/highest pay grade I was earning d...
by friar1610
Wed Feb 15, 2017 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads not the norm?
Replies: 116
Views: 12163

Re: Bogleheads not the norm?

yellowgirl wrote:
Not sure how much is low income but I feel like anything under 250K here is low income.



Wow! I'm nowhere near that income in retirement nor was I, even if you adjust backward for inflation, during my earning years.
by friar1610
Thu Feb 09, 2017 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Fund Lineup for 50/50 Taxable Account
Replies: 6
Views: 624

Re: Fund Lineup for 50/50 Taxable Account

inittowinit wrote:
friar1610 wrote:Why would you have both Admiral and Investor shares of TSM?


He missed the "International" part of VTIAX's name (it's the Admiral version of VGTSX -- total international stock).


Ah ha! Thank you. I don't speak fund symbols so was just going by the name.
by friar1610
Thu Feb 09, 2017 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Fund Lineup for 50/50 Taxable Account
Replies: 6
Views: 624

Re: Fund Lineup for 50/50 Taxable Account

Why would you have both Admiral and Investor shares of TSM?
by friar1610
Tue Feb 07, 2017 5:32 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 133
Views: 32935

Re: Vanguard's Wellesley Income fund is incredible

Or, in the case where an investor has followed the "stocks in taxable; bonds in tax-deferred" rule, I see a role for a mix of Wellesley and a general purpose bond fund in a 50-50 ratio. That would leave your portfolio 20% stocks and 80% bonds as Wellesley is 60% bonds already, a very cons...
by friar1610
Tue Feb 07, 2017 5:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 133
Views: 32935

Re: Vanguard's Wellesley Income fund is incredible

Post #1000! Hoo-rah!! listedguru , Wellesley is an excellent choice for someone who wants to get in the market, but fears a loss of capital. As has already been mentioned, it has had only a handful of losing years since 1970, and the losing years have been light-to-moderate. I'm a long-term and voc...
by friar1610
Sun Feb 05, 2017 4:38 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 133
Views: 32935

Re: Vanguard's Wellesley Income fund is incredible

If held in a taxable, how would the tax (in)efficiency of Wellesley compare that of say 50/50 or 40/60 TSM/TBM? This is just my gut reaction to your question, not based on any scientific analysis... I would think TSM would be more tax efficient in a taxable account account than the stock portion of...
by friar1610
Thu Feb 02, 2017 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Running a tutoring business. Payment dilemma.
Replies: 8
Views: 878

Re: Running a tutoring business. Payment dilemma.

Derivative wrote:I can higher high school students to do the work for $10/hr.


Just out of curiosity, what subject(s)? :oops:
by friar1610
Thu Feb 02, 2017 3:34 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 133
Views: 32935

Re: Vanguard's Wellesley Income fund is incredible

Thanks for the information. I did well over the years with Equity Income in my T-IRA account. Then was advised to go all bond funds now that RMD's have started. Feel ok with the all bond folio now. SeeMoe.. Out of curiosity, why 100% bonds? You must be well ahead of the game if you can afford to be...
by friar1610
Sat Jan 28, 2017 12:11 pm
Forum: Investing - Theory, News & General
Topic: Scott Burns is Signing Off -- He'll be missed
Replies: 25
Views: 6841

Re: Scott Burns is Signing Off -- He'll be missed

First learned of him via The Motley Fool's Retire Early Home Page when he was writing for the Dallas paper. I've always enjoyed his columns - straightforward and on-target. I wish him well!
by friar1610
Fri Jan 27, 2017 3:27 pm
Forum: Investing - Theory, News & General
Topic: Bobbie Christensen "She explains how to find safe and secure investments with 100%+ growth per year."
Replies: 55
Views: 5920

Re: "She explains how to find safe and secure investments with 100%+ growth per year."

I chose not to include the "instructor's" name, but the course title is the name of her book. I really can not believe how a college would permit this kind of thing. Either they are asleep at the switch or in collusion. It's terrible and should be an embarrassment .. I worked in a univers...
by friar1610
Wed Jan 25, 2017 6:41 pm
Forum: Investing - Theory, News & General
Topic: Dow hits 20,000. What next? Share your strategy
Replies: 107
Views: 10287

Re: Dow hits 20,000. What next? Share your strategy

My plan is to find out how to convert VTI and VXUS to mutual funds so that I can invest automatically every month for long time and check my accounts once in a year to rebalance it. Livesoft probably knows how to change those ETFs to mutual funds... Actually, I'm not sure you can do that. I recentl...
by friar1610
Wed Jan 25, 2017 12:12 pm
Forum: Investing - Theory, News & General
Topic: part 2 of annual lessons learned series
Replies: 2
Views: 569

Re: part 2 of annual lessons learned series

Thanks; I've found this series interesting and have forwarded the links to several like-minded friends who are not Boglead web site readers.
by friar1610
Thu Jan 19, 2017 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Possible reality check needed?
Replies: 13
Views: 1206

Re: Possible reality check needed?

If you're 22 and, I infer, single and saving 20% of your base pay, you're doing pretty well. (Not sure if you get any special pays or other allowances but you should also make sure you're either using them for the purpose for which they're intended; e.g., meals and quarters, or saving any surplus.) ...
by friar1610
Wed Jan 18, 2017 1:03 pm
Forum: Personal Consumer Issues
Topic: Volunteering Ideas
Replies: 87
Views: 6982

Re: Volunteering Ideas

The Ignatian Volunteer Corps (m) is a volunteer organization focused on volunteer commitments to the economically disadvantaged. It will not be everyone's cup of tea as there is a religious/spiritual aspect to the program, that aspect being Jesuit/Catholic. The volunteer assignments do not involve p...
by friar1610
Wed Jan 18, 2017 12:47 pm
Forum: Personal Consumer Issues
Topic: Volunteering Ideas
Replies: 87
Views: 6982

Re: Volunteering Ideas

Become a literacy tutor. If you want to find out more, contact the ProLiteracy Education Network for an organization close to you. I have done this in several locations with several different organizations and have found it very satisfying. I've also tutored math, although at very basic levels. I'l...
by friar1610
Mon Jan 16, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Is the housing market like stocks? When do you think prices fall again?
Replies: 38
Views: 3539

Re: Is the housing market like stocks? When do you think prices fall again?

I've owned a number of houses over the years, primarily due to my Navy career which caused me to move frequently. The overall trend on prices is generally up but is time, interest rate and location dependent. I always thought "you can't lose with residential real estate" and then learned y...
by friar1610
Sun Jan 15, 2017 1:13 pm
Forum: Investing - Theory, News & General
Topic: Retired, expenses covered but still growing portfolio, why?
Replies: 46
Views: 5109

Re: Retired, expenses covered but still growing portfolio, why?

I fit the initial description pretty closely. My wife and I have no particular desire to drastically increase our standard of living, although we do one or two nice trips almost every year. Our house is more than adequate and is paid for. We don't need more "stuff" to fill it and normally ...
by friar1610
Sat Jan 14, 2017 10:57 am
Forum: Personal Consumer Issues
Topic: 24 hour stop over at LHR, what all can I visit in London?
Replies: 31
Views: 2114

Re: 24 hour stop over at LHR, what all can I visit in London?

Have you ever been to London before? If you haven't and you only have a day, I'd take one of those organized bus tours. Tacky, I know, but it really is a good way to "skim" the sights. Then on your second visit, you'll won't feel any pressure to see a famous sight that you're not deeply i...
by friar1610
Fri Jan 13, 2017 9:45 pm
Forum: Personal Consumer Issues
Topic: what local pharmacy?
Replies: 57
Views: 4085

Re: what local pharmacy?

While we order most of our maintenance meds through Express Scripts as mandated by our coverage (lower copay/90 day supply), the plan also allows for use of local pharms for immediate needs or any reason at a higher copay (30 day supply). We're fortunate to have an excellent local independent pharm...
by friar1610
Wed Jan 11, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 141
Views: 19105

Re: Best Financial Moves You've Made

At one particular point in our lives, deciding to stick it out in our starter home rather than moving up to what we "really deserved". Those 5 years of being able to save (rather than sending the $ to bank in the form of higher mortgage payments) made a tremendous difference in paying for ...
by friar1610
Mon Jan 09, 2017 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Is there a big difference between VTINX and VWIAX
Replies: 2
Views: 583

Re: Is there a big difference between VTINX and VWIAX

We combine Wellesley with Total Bond Index in our relatively small Rollover IRAs. If I were trying to use only one fund in those accounts, I would prefer VTINX (or its marginally more conservative cousin, VASIX (Life Strategy Income)) to Wellesley. Reason is that either of those would be less concen...