Search found 1394 matches

by BigJohn
Mon Mar 13, 2017 7:06 am
Forum: Investing - Help with Personal Investments
Topic: Flagship
Replies: 3
Views: 878

Re: Flagship

sanfran2015 wrote:I assume that they update status automatically, but it has been over a month and they havent changed it yet.

It will not happen automatically, you have to make the request either via phone or email. Based on my experience, once request is made the change is done within a few days.
by BigJohn
Sat Mar 11, 2017 7:33 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions Fees
Replies: 46
Views: 9815

Re: Edward Jones Guided Solutions Fees

Vanguard offers a management option (P.A.S.) that costs 0.3% instead of 1.35%. They will also put you in low-cost, broad based index funds. You can use Vanguard P.A.S. while you are learning and deciding whether or not you want to self-manage. Vanguard will not "hassle" you if you decide ...
by BigJohn
Sat Mar 11, 2017 7:10 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard taxable experience in 2017
Replies: 6
Views: 952

Re: Vanguard taxable experience in 2017

I have a taxable account using SpecID. I do tax lost harvesting when the opportunity presents itself and have never had an issue with VG's cost basis accounting.
by BigJohn
Sat Mar 04, 2017 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: In-service roll over
Replies: 10
Views: 779

Re: In-service roll over

If you look at my first link and scroll down to "Which types of distributions can I roll over?" there are 9 exceptions listed for a retirement plan rollover. As I read it, assuming you don't have any of those exceptions, your distribution should be eligible for a rollover and if executed c...
by BigJohn
Sat Mar 04, 2017 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: In-service roll over
Replies: 10
Views: 779

Re: In-service roll over

I'd like to see the links as well. When in doubt about a website comment, always look as the IRS documents. Here are two that say what you describe is a non-taxable event if executed correctly (eg within time limt, no loans, etc) https://www.irs.gov/retirement-plans/plan-participant-employee/rollove...
by BigJohn
Tue Feb 28, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: 17 year old just starting/need advice
Replies: 28
Views: 2704

Re: 17 year old just starting/need advice

I think you're plan is good. An alternative would be to consider one of Vanguards Target Retirement funds. One advantage right now would be you get more diversified sooner with no worry about the minimums. You also won't have to consider annual rebalancing which can get impacted by minimums early on...
by BigJohn
Mon Feb 27, 2017 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: 17 year old just starting/need advice
Replies: 28
Views: 2704

Re: 17 year old just starting/need advice

Welcome to the forum! For someone just starting out I'd suggest reading William Bernstein's "If You Can". It's written by a very well respected author, it's only 16 pages long and it's specifically written for people just starting out. Best of all it's available for free here http://www.et...
by BigJohn
Wed Feb 22, 2017 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: VBILX vs VBTLX [Vanguard Intermediate-Term vs. Total Bond]
Replies: 49
Views: 6983

Re: VBILX vs VBTLX [Vanguard Intermediate-Term vs. Total Bond]

I want my bond holdings to produce or at least tread water during down years for stocks, but VFIDX is mostly corporate bonds. What about VWLTX to accomplish both longer duration/total return and hedging against stock decline? VWTLX has an even longer duration so more interest rate sensitivity. In a...
by BigJohn
Wed Feb 22, 2017 7:26 am
Forum: Investing - Help with Personal Investments
Topic: VBILX vs VBTLX [Vanguard Intermediate-Term vs. Total Bond]
Replies: 49
Views: 6983

Re: VBILX vs VBTLX [Vanguard Intermediate-Term vs. Total Bond]

Took a quick look at what happened when rates increased late last year. VBTLX dropped about 4%, VBILX dropped about 5%. So a noticeable difference but to me at least not one that is significant or worrisome.
by BigJohn
Tue Feb 21, 2017 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: VBILX vs VBTLX [Vanguard Intermediate-Term vs. Total Bond]
Replies: 49
Views: 6983

Re: VBILX vs VBTLX [Vanguard Intermediate-Term vs. Total Bond]

The same forces that shift the composition of total bond will do the same for this (actually, maybe fractionally even less, as Vanguard's total bond float adjusts out government holdings of bonds). And that is mostly not about Fed action regardless. While there is no doubt that it moves, I think it...
by BigJohn
Tue Feb 21, 2017 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: VBILX vs VBTLX [Vanguard Intermediate-Term vs. Total Bond]
Replies: 49
Views: 6983

Re: VBILX vs VBTLX [Vanguard Intermediate-Term vs. Total Bond]

I struggled with the same question. I think that in 20+ years the difference in your portfolio using one vs the other will be minimal and no way to tell which will be "better". However, a choice needs to be made and I opted for VBILX. I was leaning this way because VBTLX has a high percent...
by BigJohn
Tue Feb 21, 2017 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Splitting FI between Total Bond and Short-Term?
Replies: 11
Views: 1289

Re: Splitting FI between Total Bond and Short-Term?

This will reduce your duration but the real question you need to answer is WHY you want a shorter duration. With a time horizon of 15-20 years, the duration of total bond or any other high quality, low cost intermediate term bond fund is short enough not to be a worry. If you want shorter because of...
by BigJohn
Fri Feb 17, 2017 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 12942

Re: Who would quit playing if they already won?

To gradually ladder in smaller SPIA's over time has a huge "sleep factor" value. Also, a viable strategy to ameliorate the lower interest rates you mention (maybe). If I where to use SPIA's this would be my approach but for a different reason. I'd spread the SPIA's across several provider...
by BigJohn
Fri Feb 17, 2017 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 12942

Re: Who would quit playing if they already won?

While certainly an issue, loss of control is not my big worry with a SPIA. Two things that do cause me some concern are executing right now and basically locking in the current low interest rates and the impact of inflation over 30+ years. From what I've heard (have not checked myself), inflation ad...
by BigJohn
Wed Feb 15, 2017 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Sequence Risk--academic question
Replies: 2
Views: 344

Re: Sequence Risk--academic question

I retired two years ago and implemented something similar but I'm not sure the approach is exact enough to answer the question on whether the cash cushion is included. Both the lower stock allocation and the cash cushion will reduce your risk but at the cost of expected lower return. The question is...
by BigJohn
Wed Feb 15, 2017 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Really need rebalance advice.
Replies: 11
Views: 1270

Re: Really need rebalance advice.

I called VG today (twice) and asked the same question. Are my sell and buy numbers that I see online - in real time ? They told me the only time to be certain of your buy/sell number is execute @ 4.00pm EST. Then what you see is what you receive, or what you will pay. I sold a fund after the Mkt cl...
by BigJohn
Wed Feb 15, 2017 12:06 am
Forum: Investing - Help with Personal Investments
Topic: Really need rebalance advice.
Replies: 11
Views: 1270

Re: Really need rebalance advice.

Logged onto to my account and here's what I have on my home page. Under the "Asset Mix" tab in the middle of the page there are two pie charts (big "Current mix" and smaller "Target"). To the left of the target pie chart there is a statement that comments on current vs ...
by BigJohn
Tue Feb 14, 2017 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Really need rebalance advice.
Replies: 11
Views: 1270

Re: Really need rebalance advice.

VG has a tab on your Account page called ASSET MIX. At least on my VG homepage that tab is he asset allocation target I input to the system as my target. It is not their recommendation. There is a link in that box to change your target allocation to whatever you choose. Not sure how it got set to 7...
by BigJohn
Tue Feb 14, 2017 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: How & when to sell lots of a single stock with huge capital gains
Replies: 40
Views: 3437

Re: How & when to sell lots of a single stock with huge capital gains

A long as their retirement is secure without this stock then they can afford to optimize the solution over time rather than worry about shorter term risk mitigation. As other have suggested, doing all of their charitable giving with this stock, either through a DAF or direct share transfer, is the o...
by BigJohn
Tue Feb 14, 2017 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 12942

Re: Who would quit playing if they already won?

At a 2% withdrawal I'd no longer worry about shallow risk and would completely focus on what I could do about deep risk. How much you need to worry about shallow risk depends to some extent on your asset allocation. Even at 2%, if you were invested in 100% stock, shallow risk at the wrong time (ie ...
by BigJohn
Mon Feb 13, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 12942

Re: Who would quit playing if they already won?

Wricha, I'm in a similar situation and while I didn't get to meet Dr Bernstein, I've read many of his books. My plan going into retirement was to hold 60/40 forever but.... after reading "The Ages of the Investor" and "Deep Risk" I decided to make a change using his LMP approach....
by BigJohn
Mon Feb 13, 2017 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Really need rebalance advice.
Replies: 11
Views: 1270

Re: Really need rebalance advice.

(According to VG should be 70/30) Can you tell me where VG says this should be your asset allocation? Frankly seems stock heavy to me given your ages and 80/20 even more so. Also, within your bond allocation your are holding a high yield corp bond fund (ie junk bonds) which makes the bond side of y...
by BigJohn
Fri Feb 10, 2017 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Wow, Vanguard Flagship service is bad. Really bad.
Replies: 170
Views: 29379

Re: Wow, Vanguard Flagship service is bad. Really bad.

had filed for personal bankruptcy just before joining Vanguard team. I scanned a few sites, and most seemed to agree that personal bankruptcy, while not a disqualifying event, is not a positive sign for a broker. The negative emotion and worry over this with no data on his performance seems unjusti...
by BigJohn
Fri Feb 10, 2017 1:08 pm
Forum: Investing - Theory, News & General
Topic: Does Micheal Kitces Rising Retirement Glidepath Still have legs
Replies: 47
Views: 4629

Re: Does Micheal Kitces Rising Retirement Glidepath Still have legs

FWIW, these "glide paths" IMO make no sense at all. Investors should be reevaluating their AA based on changing assumptions, which includes investment horizon (which is changing) and also market returns (if they are greater than expected your need to take risk now might be a lot less, and...
by BigJohn
Fri Feb 10, 2017 7:54 am
Forum: Investing - Help with Personal Investments
Topic: First Steps in My Retirement Planning
Replies: 4
Views: 776

Re: First Steps in My Retirement Planning

For someone just starting out I'd suggest reading William Bernstein's "If You Can". It's written by a very well respected author, it's only 16 pages long and it's specifically written for people in their 20's. Best of all it's available for free here http://www.etf.com/docs/IfYouCan.pdf . ...
by BigJohn
Thu Feb 09, 2017 7:16 pm
Forum: Investing - Theory, News & General
Topic: Does Micheal Kitces Rising Retirement Glidepath Still have legs
Replies: 47
Views: 4629

Re: Does Micheal Kitces Rising Retirement Glidepath Still have legs

Kitces bond tent and Bernstein's LMP approaches are somewhat similar ways to manage sequence of return risk in early retirement. I think these approaches are a prudent way to manage that risk and realize that I may get a lower return as a result. No surprise there as lower risk and lower return go h...
by BigJohn
Wed Feb 08, 2017 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Wow, Vanguard Flagship service is bad. Really bad.
Replies: 170
Views: 29379

Re: Wow, Vanguard Flagship service is bad. Really bad.

Longtime customer and have always found their service top-notch. However, I start every conversation with a secure email, which is followed by a phone-appointment. Consistent with my experience and the process I use. When I've sent email in advance my flagship reps (3 reps in 10 years) have always ...
by BigJohn
Tue Feb 07, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: How steep should the glide path be?
Replies: 54
Views: 4609

Re: How steep should the glide path be?

My two cents.... I think there are two issues at work here. First is the traditional glide path to increase bonds and decrease risks as you get older. Conceptually this is driven by decreasing human capital and increasing portfolio size so there is less need/ability to take higher risk with stocks. ...
by BigJohn
Mon Feb 06, 2017 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio too heavy with Stock Options
Replies: 10
Views: 1313

Re: Portfolio too heavy with Stock Options

Even if I sell all vested shares, forgoing a significant amount of Time Value in the later grants, 14.1 % of our total would be concentrated in the company. Of course, that total is hypothetical, as all of the remaining shares are unvested Restricted Stock Units and Performance Shares, whose value/...
by BigJohn
Fri Feb 03, 2017 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio too heavy with Stock Options
Replies: 10
Views: 1313

Re: Portfolio too heavy with Stock Options

You are worried about the concentration for several valid reasons. If the options are vested, why not exercise and sell for cash? You obviously give up some up-side potential but you also reduce your down-side potential. There is no free lunch so you can't get one without the other but based on what...
by BigJohn
Fri Feb 03, 2017 5:29 pm
Forum: Investing - Theory, News & General
Topic: Risk tolerance when you meet your number
Replies: 106
Views: 11302

Re: Risk tolerance when you meet your number

Sandtrap, I agree with Random Walker, all the rules and guidelines (age in bonds, 4% SWR, etc) are just starting points to get you in the right ballpark and thinking about the right questions. In your example above the individual has enough assets that they can have almost any asset allocation and i...
by BigJohn
Thu Feb 02, 2017 11:15 pm
Forum: Investing - Theory, News & General
Topic: Risk tolerance when you meet your number
Replies: 106
Views: 11302

Re: Risk tolerance when you meet your number

niners, in the years on either side of retirement you are vulnerable to what's call sequence of return risk. Here's an article that I think explains it well https://www.kitces.com/blog/managing-portfolio-size-effect-with-bond-tent-in-retirement-red-zone/
by BigJohn
Thu Feb 02, 2017 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Do ROTH conversion or not?
Replies: 23
Views: 2650

Re: Do ROTH conversion or not?

Conversion is not an all or nothing thing. With all the assumptions and variables involved, I think ending up with a mix of tIRA and Roth assets is a good end point. It increases flexibility to respond to the kinds of issues mentioned above as well as the unknowns (eg tax code changes). My current s...
by BigJohn
Wed Feb 01, 2017 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: Do ROTH conversion or not?
Replies: 23
Views: 2650

Re: Do ROTH conversion or not?

roth ira is better than a tira for your heirs. Not necessarily. If the OP is paying 25% incremental but his heirs are in the 15% bracket when they inherit, the total left after taxes might be more if they inherit a tIRA. This is why another poster mentioned your heirs tax rate as one of the unknowns.
by BigJohn
Tue Jan 31, 2017 7:08 pm
Forum: Investing - Theory, News & General
Topic: Risk tolerance when you meet your number
Replies: 106
Views: 11302

Re: Risk tolerance when you meet your number

Very pertinent article and discussion on this topic here https://www.bogleheads.org/forum/viewtopic.php?p=3217509.

Kitces gives a good explanation of the risks and advocates a lower equity allocation as you near and in early retirement.
by BigJohn
Mon Jan 30, 2017 11:49 pm
Forum: Investing - Help with Personal Investments
Topic: Projections for bonds if stocks tank
Replies: 26
Views: 2673

Re: Projections for bonds if stocks tank

livesoft wrote:Costco also sells reading glasses. :)

I guess I need them, had to read it several times to find my error :oops:
by BigJohn
Mon Jan 30, 2017 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: Projections for bonds if stocks tank
Replies: 26
Views: 2673

Re: Projections for bonds if stocks tank

Eating Costco food stamps???? Doesn't sound very appetizing, dog food might be better :P
by BigJohn
Mon Jan 30, 2017 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Projections for bonds if stocks tank
Replies: 26
Views: 2673

Re: Projections for bonds if stocks tank

OP, if the market has a major correction and drops 50%, can you still pay the bills on 4% of that number? What if the correction is greater than 50%? If you are confident that you won't be eating dog food in these scenarios then I'd say your SWR is really closer to 3% and you'll likely be OK. I've n...
by BigJohn
Mon Jan 30, 2017 6:38 pm
Forum: Investing - Theory, News & General
Topic: Risk tolerance when you meet your number
Replies: 106
Views: 11302

Re: Risk tolerance when you meet your number

Random Walker, I'm 60 and retired at 58. Several years ago my plan was to hold a constant 60/40 thru retirement but for just those reasons I've backed off to between 35% and 40% equity. I also increased international from 20% to 30% of my stock allocation. Dr Bernstein's books were a large part of d...
by BigJohn
Mon Jan 30, 2017 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Projections for bonds if stocks tank
Replies: 26
Views: 2673

Re: Projections for bonds if stocks tank

You didn't ask but I'll mention anyway that 4% is a very aggressive SWR if you are really retiring at 50 per your user name. I believe the Trinity study and the 4% SWR guidance was based on retirement at 65.
by BigJohn
Mon Jan 30, 2017 1:20 pm
Forum: Investing - Theory, News & General
Topic: Risk tolerance when you meet your number
Replies: 106
Views: 11302

Re: Risk tolerance when you meet your number

Just reread William Bernstein's very short e-book, The Ages of the Investor: A Critical Look at Life-Cycle Investing. Strongly recommend it. Given current valuations, the last 5 pages or so are very pertinent to this discussion. Amen!! A great book that I reread this week as well. It's not clear to...
by BigJohn
Sun Jan 29, 2017 3:22 pm
Forum: Investing - Theory, News & General
Topic: Risk tolerance when you meet your number
Replies: 106
Views: 11302

Re: Risk tolerance when you meet your number

the sequence to retirement and in retirement would progress like this: Home Runs > Base Hits > Walks > Stop Playing? IE: 80/20 > 60/40 > 50/50 > 40/60 AA etc. as one ages? Hmmm.... isn't this the classic "age in bonds" approach that is often advocated on this site regardless of whether it...
by BigJohn
Sat Jan 28, 2017 7:54 pm
Forum: Investing - Theory, News & General
Topic: Risk tolerance when you meet your number
Replies: 106
Views: 11302

Re: Risk tolerance when you meet your number

How are you taking a chance per se? You have safely secured the assets that add up to your number in their own separate accounts or holdings at the AA you said you would use in your IPS. Only the additional contributions after and above and beyond your number are invested aggressively and even if t...
by BigJohn
Sat Jan 28, 2017 2:17 pm
Forum: Investing - Theory, News & General
Topic: Risk tolerance when you meet your number
Replies: 106
Views: 11302

Re: Risk tolerance when you meet your number

It would depend on if you wanted to take a chance on meaningfully upping your lifestyle in retirement. Of course, taking a chance on meaningfully upping your lifestyle also means that you take some risk of meaningfully lowering your lifestyle if things don't go well. It's easy to focus on the poten...
by BigJohn
Sat Jan 28, 2017 2:09 pm
Forum: Investing - Theory, News & General
Topic: Risk tolerance when you meet your number
Replies: 106
Views: 11302

Re: Risk tolerance when you meet your number

Let me go back to my original point -- if your number allows you to meet you basic needs for eternity with money in TIPS -- then you have worked too long OR you are severely mis-representing what your basic needs are. What comprises basic needs? Food? Shelter? Easy to plan out. Transportation, here...
by BigJohn
Fri Jan 27, 2017 11:29 pm
Forum: Investing - Theory, News & General
Topic: Risk tolerance when you meet your number
Replies: 106
Views: 11302

Re: Risk tolerance when you meet your number

If you've just hit your number and have a high allocation to stock you are one market correct from being well below your number again. IMO how you manage this depends on how young you are and how far away your desired retirement date is. If you're in your 30's or early 40's and have 15 - 20 more yea...
by BigJohn
Wed Jan 25, 2017 8:59 pm
Forum: Investing - Theory, News & General
Topic: Bill Bernstein "If You Can"
Replies: 22
Views: 6127

Re: Bill Bernstein "If You Can"

Don't waste your time on The Ages of The Investor, I found "the Middle game" to be lacking in the type of advice one who is there may really need, it's really generic. Different strokes for different folks..... I found The Ages of the Investor very helpful, especially the section on the m...
by BigJohn
Tue Jan 24, 2017 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: minimum necessary to retire at defined expense level
Replies: 37
Views: 3907

Re: minimum necessary to retire at defined expense level

I took a look at the resources you mentioned - not the full article and book, but summaries for the moment. So at some point, if you have 60x or 75x or 100x, the sequence of return risk is pretty much moot, right? Are there prevailing views about what that "_X" is? I will note that I have...
by BigJohn
Tue Jan 24, 2017 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: minimum necessary to retire at defined expense level
Replies: 37
Views: 3907

Re: minimum necessary to retire at defined expense level

These are helpful responses that indicate I have more than enough. Thank you. Still a little worried about the sequence of returns risk, but I shouldn't be, I guess, since I make it to the end even if the sequence goes horrendously against me. If you have more than enough you've "won the game&...
by BigJohn
Tue Jan 24, 2017 11:53 am
Forum: Personal Consumer Issues
Topic: Amazon Phishing Email after Order
Replies: 16
Views: 2907

Re: Amazon Phishing Email after Order

Thanks for all the responses. No indication that my email account has been hacked and it did go to my spam folder so no harm done. I do recognize that Amazon is a very large retailer but I've never gotten a phishing attack based on them until this. Certainly could be just a coincidence but..... I gu...