Search found 2064 matches

by ResNullius
Mon Jan 28, 2013 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Credit card swipe fees start Sunday 1/27
Replies: 121
Views: 16731

Re: Credit card swipe fees start Sunday 1/27

Another way to look at this. Consider the fact that prior to Sunday every business, large or small, had already factored in the transaction costs of accepting credit cards as a part of their overhead. If these same business now add a charge, they now would be charging customers twice for the same th...
by ResNullius
Mon Jan 28, 2013 9:22 am
Forum: Investing - Help with Personal Investments
Topic: When to stop contributing?
Replies: 17
Views: 2251

Re: When to stop contributing?

Do you have other plans for the money? If not, I don't see why you wouldn't keep contributing in order to reduce your taxes. Reducing taxes is one good reason to continue contributing. I could think of many things we could do with the money. I've stopped working entirely 2.5 years ago. My wife cont...
by ResNullius
Sun Jan 27, 2013 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 199
Views: 34875

Re: Two Comma Club

Sunny Sarkar wrote:
sscritic wrote:Seriously, if a single person has two commas, shouldn't a married couple need four commas to be the equivalent?
Wouldn't two commas starting with the digit 2 do it?
Yeah, $99,000,000 would just about do it for most folks.
by ResNullius
Sat Jan 26, 2013 11:25 am
Forum: Investing - Theory, News & General
Topic: Stable Value Funds
Replies: 8
Views: 2229

Stable Value Funds

Just wondering, why doesn't Vanguard have a Stable Value Fund like the ones so often mentioned in this Board. The ones discussed here all seem to be in 401K plans, as opposed to being available via IRAs. I'm not sure I even know for sure what a Stable Value Fund really is.
by ResNullius
Sat Jan 26, 2013 10:09 am
Forum: Personal Finance (Not Investing)
Topic: What Tax Preparers Really Charge (WSJ)
Replies: 52
Views: 6000

Re: What Tax Preparers Really Charge (WSJ)

For me, $250 is money well spent to avoid doing state and federal tax returns. I know I could get tax software, but I like the idea of having a human being with a CPA doing my taxes, and $250 is the going rate around here for getting both state and federal returns done for someone who itemizes deduc...
by ResNullius
Sat Jan 26, 2013 10:00 am
Forum: Investing - Theory, News & General
Topic: Seeking Data comparing long term passive vs. managed funds
Replies: 28
Views: 2554

Re: Seeking Data comparing long term passive vs. managed fun

I don't really care how other people invest, so I don't feel the need to prove that index funds do better over time that active management.
by ResNullius
Sat Jan 26, 2013 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Tax changes this year
Replies: 4
Views: 718

Re: Tax changes this year

Howdy all, Well I re-did my budget and noticed that the taxes out of my paycheck has gone up 8.9%. I just wanted to start a thread as a friendly suggestion to re-look at your taxes and income to adjust your budget. I know I had to. My federal, medicare (though very little), and social security taxe...
by ResNullius
Sat Jan 26, 2013 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Expense Ratios-Deductible?
Replies: 5
Views: 432

Re: Expense Ratios-Deductible?

Thanks to everyone. I thought they wouldn't be deductible, particularly since my tax person has never even asked about it over the past 35 years or so..., but I just wanted to be sure. I was working on my taxes last night when I started wondering about it.
by ResNullius
Sat Jan 26, 2013 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Expense Ratios-Deductible?
Replies: 5
Views: 432

Expense Ratios-Deductible?

I pay Vanguard fees via expense ratios for equity and fixed asset mutual funds. Is there any way I can deduct the amount of these fees/expenses? Thanks.
by ResNullius
Thu Jan 24, 2013 4:02 pm
Forum: Investing - Theory, News & General
Topic: Who buys high cost funds? Not the BogleheadsI
Replies: 8
Views: 1032

Re: Who buys high cost funds? Not the BogleheadsI

It's not just the 401Ks that are getting taken for a ride, but many private investors who actually have quite a bit of money to invest in their taxable accounts. For reasons I don't understand, many successful business people just plain need to show the world that their investments are being handled...
by ResNullius
Wed Jan 23, 2013 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 199
Views: 34875

Re: Two Comma Club

Don't get too excited about such short-term accomplishments as they can go away just as quickly. Oh, come on! It's a great accomplishment, regardless of whether tomorrow's market takes him slighly below his current level. Reaching 7 figures is a huge milestone for anyone who works for a living. Con...
by ResNullius
Wed Jan 23, 2013 1:46 pm
Forum: Investing - Theory, News & General
Topic: "What Happens To Bond Funds When Interest Rates Go Up?"
Replies: 44
Views: 5846

Re: "What Happens To Bond Funds When Interest Rates Go Up?"

Thanks for the article. I'm not sure it adds much to what has already been discussed across many topics here, but it did put it all together in one place and in relatively few words. For retirees, there isn't really a chance to reinvest and wait for the world to change, but there also isn't any othe...
by ResNullius
Wed Jan 23, 2013 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Docs From Vanguard
Replies: 5
Views: 624

Re: Tax Docs From Vanguard

Thanks. I shall await additional info in the mail. I wish I weren't such a dunce when it comes to taxes and numbers, but I'm unlikely to become less dunceful at this point in my life.
by ResNullius
Wed Jan 23, 2013 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Docs From Vanguard
Replies: 5
Views: 624

Tax Docs From Vanguard

I just received in the mail my 2012 Form 1099-B, which apparently list purchases and sales. I don't see an average cost basis anywhere, nor do I seen anything relating to dividends and interest from bond accounts. Will I be receiving additional forms? If not, should I call Vanguard to find out what'...
by ResNullius
Tue Jan 22, 2013 4:56 pm
Forum: Investing - Theory, News & General
Topic: Use of Risk Parity to Juice Returns in Pension Funds
Replies: 29
Views: 2826

Re: Use of Risk Parity to Juice Returns in Pension Funds

I read the article too. My takeaway was that the financial idiots are at it again, but hey, what do I know. Since I knew while reading that I would never do it, I didn't pay close attention to detail.
by ResNullius
Tue Jan 22, 2013 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell the condo or wait until I have larger down pmt
Replies: 15
Views: 721

Re: Should I sell the condo or wait until I have larger down

Of course, the decision is yours to make, but since you asked.... I would not sell the condo or buy a new house, not with your overall financial situation being what you say. I just don't think it makes sense today to stretch to buy anything, particularly if you are younger and just starting out. On...
by ResNullius
Tue Jan 22, 2013 12:13 pm
Forum: Investing - Theory, News & General
Topic: The worst [investing] advice [you have received]
Replies: 64
Views: 6891

Re: The worst [investing] advice [you have received]

A very close friend tried to get me to invest in something he had invested $300K in, which supposedly would pay a huge return in a short time. I told him it sounded like a Ponzi scheme to me, and he assured me that he personally knew the guy who ran the operation and that he was a very successful an...
by ResNullius
Tue Jan 22, 2013 9:40 am
Forum: Investing - Theory, News & General
Topic: Managed Payout Funds
Replies: 9
Views: 2573

Re: Managed Payout Funds

Thanks for the replies. It seems that the almost unanimous view is that the MPfs stink. I wasn't included to use them, but I truly think that Vanguard's representations are a little misleading. I'm a little bothered that Vanguard is moving beyond it's core business and mission, and I hope it doesn't...
by ResNullius
Tue Jan 22, 2013 8:06 am
Forum: Personal Finance (Not Investing)
Topic: need suggestions - mid 40's, heading toward disability
Replies: 35
Views: 3404

Re: need suggestions - mid 40's, heading toward disability

Thank goodness for disability insurance and SSDI. This is the kind of situation it is designed for. I believe you'll qualify for Medicare if you go onto SSDI, no? That should solve at least most of the health insurance issue. You automatically go on Medicare after two years of receiving SSDI, so yo...
by ResNullius
Mon Jan 21, 2013 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: What's the point of a HELOC?
Replies: 15
Views: 2359

Re: What's the point of a HELOC?

I got a home equity loan back in the early 1980s to help me pay quarterly taxes during a quarter where my firm didn't distribute enough. It actually only happened one time, so I only used it one time, then paid it back in full within a few weeks. I never used it again.
by ResNullius
Mon Jan 21, 2013 4:50 pm
Forum: Investing - Theory, News & General
Topic: If market drops 50% in a week will you rebalance?
Replies: 118
Views: 7724

Re: If market drops 50% in a week will you rebalance?

I the market went down by 99% in fairly short order, then the 40% of my portfolio invested in the market would be worth almost zero, at least for however long the market were to stay down that low. The other 60% of our portfolio would likely be mostly intact. Now, if the bond market also crashed by ...
by ResNullius
Mon Jan 21, 2013 2:03 pm
Forum: Investing - Theory, News & General
Topic: Managed Payout Funds
Replies: 9
Views: 2573

Managed Payout Funds

In reading a number of replies to various topics on this Board, I've seen many references to Vanguard's Managed Payout Funds. I've never really looked at these funds very closely, since I'm generally pleased with my current equity/fixed allocation with Vanguard. This said, I just looked at the three...
by ResNullius
Mon Jan 21, 2013 12:39 pm
Forum: Personal Consumer Issues
Topic: Home Siding
Replies: 25
Views: 2998

Re: Home Siding

If I were residing my house now, I would certainly use Hardiboard. I would never, ever use vinyl. Homes with vinyl siding have low resale value as compared to almost anything else on the market. Custom homes around my resort area, homes sometimes costing millions, use Hardiboard or something similar...
by ResNullius
Mon Jan 21, 2013 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation vs Savings Dilemma
Replies: 34
Views: 4220

Re: Vacation vs Savings Dilemma

I took a number of foreign vacations in college and immediately after, plus I traveled all over the place for work over a period of about 30 years or so. Truth be known, at least for me and as I sit here today fully retired, I hardly remember much about the trips I took during and after college, and...
by ResNullius
Mon Jan 21, 2013 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: ETF vs Admiral shares
Replies: 8
Views: 1327

Re: ETF vs Admiral shares

555 wrote:They are just different classes of the same funds (at Vanguard), so there is no difference in tax efficiency. Also the ERs are the same.

Personally I think ETFs are a hassle to deal with, so I wouldn't bother with them.
I agree completely.
by ResNullius
Mon Jan 21, 2013 12:21 pm
Forum: Investing - Theory, News & General
Topic: If market drops 50% in a week will you rebalance?
Replies: 118
Views: 7724

Re: If market drops 50% in a week will you rebalance?

I'm not a buy and seller (market timer), but if the stock market were to drop 50%, you can bet your bippy that I would move a whole lot of my fixed asset money into the SP500 in order to catch the quick 20% or more snapback that would happen over the following month or so. It's what I did when the m...
by ResNullius
Mon Jan 21, 2013 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Average Bond Duration in your portfolio
Replies: 48
Views: 2821

Re: Average Bond Duration in your portfolio

Very interesting thread...I am following it closely. About a week from now I'll be buying a large amount of bonds. The two funds I'm considering using have average durations of 4.0 and 4.7 years. I'm surprised so many boglehead folks have moved to such short durations. I don't know. It looks like m...
by ResNullius
Sun Jan 20, 2013 6:54 pm
Forum: Personal Consumer Issues
Topic: Reasons for why some medications not covered by health plan
Replies: 11
Views: 2640

Re: Reasons for why some medications not covered by health p

Whenver a drug plan can deny coverage for a drug that has a reasonably comparable OTC substitution, they usually won't cover any of the prescription ones. They want to force you to spend your own money buying the OTC product, even if it is less effective.
by ResNullius
Sun Jan 20, 2013 12:32 pm
Forum: Investing - Theory, News & General
Topic: NYT: Finding Advice for More Modest Retirement Investments
Replies: 44
Views: 6634

Re: NYT: Finding Advice for More Modest Retirement Investmen

I don't do my own taxes even though I am perfectly capable. Why? Because I can afford to hire someone else to do them, and I feel more comfortable doing that. Plus, I can talk with someone about my personal situation. It's a luxury that I intend to continue. Hiring an investment adviser is no diffe...
by ResNullius
Sun Jan 20, 2013 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Average Bond Duration in your portfolio
Replies: 48
Views: 2821

Re: Average Bond Duration in your portfolio

Given the historically low interest rates right now, it seems only prudent to be on the shorter end of bond duration. On the other hand, the difference between a duration of 4 and a duration of 5 isn't worth a whole lot of worrying, at least in my opinion. Now, I would feel differently if the durati...
by ResNullius
Sun Jan 20, 2013 9:59 am
Forum: Investing - Help with Personal Investments
Topic: How many asset types do you use?
Replies: 10
Views: 1006

Re: How many asset types do you use?

All with Vanguard: SP500, Total Market, Short Investment Grade, Intermediate Investment Grade. Plus some cash in the bank.
by ResNullius
Sun Jan 20, 2013 8:45 am
Forum: Investing - Theory, News & General
Topic: NYT: Finding Advice for More Modest Retirement Investments
Replies: 44
Views: 6634

Re: NYT: Finding Advice for More Modest Retirement Investmen

There are suckers born every day, and the financial services industry knows exactly how to get the dollars into their collective pockets. For some reason, most folks don't want to be responsible for managing their portfolios or IRAs or whatever. They want to be able to blindly believe that someone i...
by ResNullius
Sat Jan 19, 2013 8:51 am
Forum: Investing - Theory, News & General
Topic: 4% withdrawal rate during retirement?
Replies: 80
Views: 6764

Re: 4% withdrawal rate during retirement?

I totally and completely disagree. We've had three, repeat three, major market crashes in the last 13 years. A 70% stock allocation for someone in retirement years could be disasterous. Age in bonds, plus or minus 5% to 10% is the only way to go, unless you have so much money nothing matters. Good ...
by ResNullius
Fri Jan 18, 2013 8:31 pm
Forum: Investing - Theory, News & General
Topic: 4% withdrawal rate during retirement?
Replies: 80
Views: 6764

Re: 4% withdrawal rate during retirement?

Implying that the Bogleheads conventional wisdom here that in retirement something like 40% stocks is best practice is now quite suboptimal unless someone has saved so very much that they need to spend very little of it. But instead that 60/40 or even 70/30 stocks/bonds would be advisable. =========...
by ResNullius
Fri Jan 18, 2013 2:04 pm
Forum: Investing - Theory, News & General
Topic: 4% withdrawal rate during retirement?
Replies: 80
Views: 6764

Re: 4% withdrawal rate during retirement?

Comment? Just another talking head trying to sucker people into paying money for useless advice. Are you sure you posted this in the correct thread? I see a link to a paper at SSRN and a blog post summarizing the research, not anyone trolling for paying clients. See my edits. Thanks for reminding m...
by ResNullius
Fri Jan 18, 2013 1:34 pm
Forum: Investing - Theory, News & General
Topic: 4% withdrawal rate during retirement?
Replies: 80
Views: 6764

Re: 4% withdrawal rate during retirement?

My point is that I'm tired of folks stating the obvious, that's all. Rates go up, rates go down. Markets go up, markets go down. There are no guanantees in life, other than death and taxes.
by ResNullius
Fri Jan 18, 2013 10:39 am
Forum: Investing - Help with Personal Investments
Topic: "Forever" Vanguard Index Fund Portfolio Allocation Strategy
Replies: 26
Views: 5665

Re: "Forever" Vanguard Index Fund Portfolio Allocation Strat

I've been fully retired for a few years now, with a wife who continues to work three mornings a week for running money. Our total portfolio is 40% equities and 60% fixed, all with Vanguard. About one-third is in IRAs. The IRAs are 100% fixed. The taxable account is about one-third fixed. The fixed i...
by ResNullius
Thu Jan 17, 2013 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Proposal from CFP to prepare for/start retirement
Replies: 11
Views: 1233

Re: Proposal from CFP to prepare for/start retirement

The first year is the hardest -- it requires a lot of getting things setup correctly, moving accounts, consolidating, changing beneficiaries, getting allocations set correctly, etc. ). Good gosh. It takes about ten minutes to do all of these things, and most of the work would be done by his assista...
by ResNullius
Tue Jan 15, 2013 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Review of In-Laws
Replies: 16
Views: 1968

Re: Review of In-Laws

I would hold off on an immediate annuity until they reach an extreme shortage of money. The older they get, the better an immediate annuity will pay out for them. I don't know if you can swing it, but you could let them live in the house rent free, and count the value of the rent as a gift to each. ...
by ResNullius
Mon Jan 14, 2013 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Children and large cash gifts
Replies: 26
Views: 2546

Re: Children and large cash gifts

I have spoken to my son and his wife, who now have a 14-month old son, about gifting from myself and my wife. I told them that we did not intend to give money to their children, but to gift whatever we see fit to my son and his wife to use as they see fit for themselves and their kids. With a curren...
by ResNullius
Sun Jan 13, 2013 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio for age 61-70 until retirement
Replies: 22
Views: 3009

Re: Portfolio for age 61-70 until retirement

The other side of this is of course my business could suffer and my income be cut in half and that of course changes everything.So if all goes well I am fortunate and blessed that retirement will be good.I however do not have enough funds to be home free by any stretch if things turn south in my bu...
by ResNullius
Sun Jan 13, 2013 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio for age 61-70 until retirement
Replies: 22
Views: 3009

Re: Portfolio for age 61-70 until retirement

I think you're in fine shape overall. Given your desire to avoid another 2008-2009, I would lower the equity allocation in favor a larger fixed allocation, but I think you'll still need to leave at least 30% in equities in order to take care of inflation and growth over the many years of your retire...
by ResNullius
Sat Jan 12, 2013 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Beware: Vanguard Year-End YTD statements are not YTD
Replies: 24
Views: 2938

Re: Beware: Vanguard Year-End YTD statements are not YTD

I concur this is a good reason to use mutual funds at Vanguard rather than ETFs at VBS but it does not have anything at all to do with active management vs passive / indexing. All our Wellesley Income fund transactions are present. I meant no offense to active management mutual funds, only that for...
by ResNullius
Sat Jan 12, 2013 4:46 pm
Forum: Investing - Theory, News & General
Topic: LifeStrategy Funds for income
Replies: 13
Views: 1644

Re: LifeStrategy Funds for income

I think the point is that sometimes equities go up, sometimes down...sometimes fixed goes up, sometimes down...sometimes taxes can be saved, sometimes they can't, sometimes portfolios last longer, sometimes not. It's all mixed bag, and we each need to decide what works best for our overall situation...
by ResNullius
Sat Jan 12, 2013 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Beware: Vanguard Year-End YTD statements are not YTD
Replies: 24
Views: 2938

Re: Beware: Vanguard Year-End YTD statements are not YTD

Another good reason to use passive investing in index mutual funds.
by ResNullius
Sat Jan 12, 2013 10:44 am
Forum: Investing - Help with Personal Investments
Topic: How to Reinvest RMD [Required Minimum Distribution]
Replies: 16
Views: 4755

Re: How to Reinvest RMD [Required Minimum Distribution]

I'm still a number of years away from RMDville. When I start to take them, my plan is to refresh our cash account, then reinvest the balance into the same funds in our taxable account, doing whatever needs to be done to maintain overall allocation plan. Of course, I'll also get to enjoy to pleasure ...
by ResNullius
Sat Jan 12, 2013 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Struggling with when to get in
Replies: 74
Views: 6657

Re: Struggling with when to get in

Set up an asset allocation (equities versus fixed assets), then divide $100K between equities and fixed each month until it's all invested. A 50/50 protfolio for someone your age is a very conservative allocation. As the years roll on, you can adjust to fit your risk tolerance. You also could put it...
by ResNullius
Sat Jan 12, 2013 9:25 am
Forum: Personal Consumer Issues
Topic: US Dept Homeland Security urges Disable Java
Replies: 124
Views: 15954

Re: US Dept Homeland Security urges Disable Java

I too have disabled it. I had to update it first in order to get the updated security box that would allow me to turn it off. I didn't like the trick they tried to pull to get me to add something I didn't want in order to complete the update, but I figured out how to bypass it.
by ResNullius
Fri Jan 11, 2013 7:28 pm
Forum: Investing - Theory, News & General
Topic: 1,812% Gain in the next 219 Days
Replies: 18
Views: 3498

Re: 1,812% Gain in the next 219 Days

Quite frankly, a sucker deserve what they get. On the other hand, casteration sound about right for the flim-flammer.