Search found 318 matches

by retire57
Sun May 07, 2017 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 7843

Re: Solid justification for including all stocks & NO bonds?

My question is: how do you know you can stomach large fluctuations until you've live through it? You really don't know your risk tolerance until you are at risk . So why increase your risk at this point? With all that time on your side? We went through 1987, 2000, and 2008 - trust me, it takes a lot...
by retire57
Sat May 06, 2017 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Safe Retirement at 62?
Replies: 20
Views: 4305

Re: Safe Retirement at 62?

You didn't mention health care. How are you factoring that into the equation? One question is how much are you budgeting for health care pre-Medicare, but the first is how are you going obtain it? +1. We are pre-Medicare at 59 and 63. And healthy. Medical insurance is our biggest expense at $900/mo...
by retire57
Sat May 06, 2017 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: All VBLTX or Keep Our Current Bond Mix?
Replies: 6
Views: 787

Re: All VBLTX or Keep Our Current Bond Mix?

I prefer to keep a year's worth of expenses in taxable in a short term bond fund as an emergency fund. CD's would serve a similar purpose. I see no problem with tilting more to corporates than total bond fund, as long as it a smallish tilt and you have the short term funds as a reserve. Yes - we ha...
by retire57
Sat May 06, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Safe Retirement at 62?
Replies: 20
Views: 4305

Re: Safe Retirement at 62?

You didn't mention health care. How are you factoring that into the equation? One question is how much are you budgeting for health care pre-Medicare, but the first is how are you going obtain it? +1. We are pre-Medicare at 59 and 63. And healthy. Medical insurance is our biggest expense at $900/mo...
by retire57
Sat May 06, 2017 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: All VBLTX or Keep Our Current Bond Mix?
Replies: 6
Views: 787

All VBLTX or Keep Our Current Bond Mix?

With all our bond holdings in tax-deferred accounts, we won't be withdrawing the funds until RMDs commence in about 7 years. In the meantime, do we want to hold all in the Total Bond Market or should we also keep our VFSUX (short-term investment grade) and VFIDX (intermediate-term investment grade) ...
by retire57
Sat May 06, 2017 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Watch Concerns
Replies: 22
Views: 2349

Re: Portfolio Watch Concerns

retire57 wrote:I was just over at the Portfolio Watch myself and it led me to compare our VBTLX with our VFIDX and the 2 seem to overlap. As they do when you use the fund comparison tool.

Then I went to M-star and the picture is now much clearer.
by retire57
Sat May 06, 2017 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Watch Concerns
Replies: 22
Views: 2349

Re: Portfolio Watch Concerns

I was just over at the Portfolio Watch myself and it led me to compare our VBTLX with our VFIDX and the 2 seem to overlap.

Then I went to M-star and the picture is now much clearer.
by retire57
Thu May 04, 2017 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle large variable expenses?
Replies: 16
Views: 1215

Re: How to handle large variable expenses?

We have a separate savings account (separate from our emergency fund) that we use as something like an expense escrow account. For all of the expenses that are at least annual, but less frequent than monthly, we deposit money into the account to cover those expenses. For example, the property tax o...
by retire57
Thu May 04, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle large variable expenses?
Replies: 16
Views: 1215

Re: How to handle large variable expenses?

I would say keep saving until you have the cash to pay for the projects. Not sure what the nature of the projects are, but if they aren't emergencies or are less critical than your financial future, then wait until you can write a check. I think I need to clarify few things which I failed to mentio...
by retire57
Thu May 04, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle large variable expenses?
Replies: 16
Views: 1215

Re: How to handle large variable expenses?

I would say keep saving until you have the cash to pay for the projects. Not sure what the nature of the projects are, but if they aren't emergencies or are less critical than your financial future, then wait until you can write a check.
by retire57
Wed May 03, 2017 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Bond Fund Advice
Replies: 10
Views: 1155

Re: Bond Fund Advice

Munir wrote:Dump the International Bond Fund and keep the rest. They provide good diversification and total return.
Any suggestions regarding how to allocate between the 3 remaining bond funds (after jettisoning the International)?
by retire57
Wed May 03, 2017 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Bond Fund Advice
Replies: 10
Views: 1155

Bond Fund Advice

The 3-Fund Portfolio appeals to my quest for simplicity. We currently own 6 funds – all Vanguard - and would like your opinion about perhaps winnowing down to 3 funds. Our AA is 55/45. 55% of our portfolio is in a taxable account (Total Stock Index and Total International Index) and the other 45% in...
by retire57
Tue May 02, 2017 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard PAS -- typical portfolio?
Replies: 13
Views: 1809

Re: Vanguard PAS -- typical portfolio?

retiredjg wrote:
retire57 wrote:We had to be specific about wanting to continue index investing. Otherwise, he/she (we had 3 advisors over that period) would put us into a few actively managed funds.
Was this before or after PAS sort of reinvented itself into a semi-robo?
Not sure. We began the service in May 2015.
by retire57
Mon May 01, 2017 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard PAS -- typical portfolio?
Replies: 13
Views: 1809

Re: Vanguard PAS -- typical portfolio?

We used the PAS for over a year, (but no longer feel we need the service). We had to be specific about wanting to continue index investing. Otherwise, he/she (we had 3 advisors over that period) would put us into a few actively managed funds. What would be examples of this? It seems a very curious ...
by retire57
Mon May 01, 2017 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard PAS -- typical portfolio?
Replies: 13
Views: 1809

Re: Vanguard PAS -- typical portfolio?

We had to be specific about wanting to continue index investing. Otherwise, he/she (we had 3 advisors over that period) would put us into a few actively managed funds. Thanks! That's a little unexpected. The more things change... :happy Was there much turnover to the portfolio and did they re-balan...
by retire57
Mon May 01, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard PAS -- typical portfolio?
Replies: 13
Views: 1809

Re: Vanguard PAS -- typical portfolio?

We used the PAS for over a year, (but no longer feel we need the service). We had to be specific about wanting to continue index investing. Otherwise, he/she (we had 3 advisors over that period) would put us into a few actively managed funds. If the prevailing V-guard philosophy is still being espou...
by retire57
Mon May 01, 2017 8:37 am
Forum: Investing - Theory, News & General
Topic: Are we all forgetting our taxable accounts?
Replies: 79
Views: 11092

Re: Are we all forgetting our taxable accounts?

People in their late 20's have taxable accounts, but they don't call them that. They are saving for vehicles, home down payments, vacations, weddings, etc. Certainly, a taxable account has always been a big part of our investments for the past 40 years. +1 unless you make boatloads of money it's pr...
by retire57
Sun Apr 30, 2017 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Dealing with regret
Replies: 102
Views: 10254

Re: Dealing with regret

Thanks for sharing your angst with us as it is a good topic for discussion and exploration of the behavior and emotions behind personal finance. Over the past 35 years, DH and I have made some bonehead moves. And encountered some bad investment timing luck. But all is well now. You'll remember this ...
by retire57
Sat Apr 29, 2017 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Roth Contribution from Taxable MF
Replies: 9
Views: 622

Re: Roth Contribution from Taxable MF

Thanks all for your advice! What a great group!
by retire57
Fri Apr 28, 2017 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 162
Views: 44262

Re: Time to reach 1M and 2M milestones

500K after 29 years of marriage and investing.
750K @ 30.5 years
1 M @ 34 years.

I include only liquid assets.
by retire57
Fri Apr 28, 2017 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Contribution from Taxable MF
Replies: 9
Views: 622

Re: Roth Contribution from Taxable MF

Yes, it would be a taxable event. Not worth the price of re-balancing, I guess? In future, should we need to re-balance, I wonder how we can do that without owning a taxable bond fund? (That's assuming we are selling stocks to buy bonds). It may be impossible to do otherwise. I should mention that w...
by retire57
Fri Apr 28, 2017 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Contribution from Taxable MF
Replies: 9
Views: 622

Roth Contribution from Taxable MF

Hi All, I work part-time and always have to wait to contribute to my Roth when I'm sure that I will earn enough to do so. I'm at that point in the year now. My question: since we should re-balance in order to maintain our 50/50 AA, I'm thinking of moving the $6,500 from our taxable stock MFs to my R...
by retire57
Mon Apr 03, 2017 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate the Target Retirement Savings Number?
Replies: 31
Views: 3638

Re: How to calculate the Target Retirement Savings Number?

Simple.
Figure out how much annual income you need to be happy.
Multiply by 25.
by retire57
Mon Apr 03, 2017 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Verbal abuser at work
Replies: 37
Views: 3269

Re: Verbal abuser at work

A bully poisons a workplace. The only way to deal with a bully is by swift and strong action. Your friend and her colleagues need to visit HR. Today.
by retire57
Sun Apr 02, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Do We Need To Continue The Personal Advisory Service?
Replies: 9
Views: 1067

Re: Do We Need To Continue The Personal Advisory Service?

livesoft wrote:I think I never would have paid for it in the first place. :)


Hmmm ... I was hoping for more helpful feedback than that.
by retire57
Sun Apr 02, 2017 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Do We Need To Continue The Personal Advisory Service?
Replies: 9
Views: 1067

Re: Do We Need To Continue The Personal Advisory Service?

What kind of help did you get? Was this a one time plan that you can now manage yourselves? I was not aware that Vanguard does tax preparation or provide tax advice. Have they been giving you tax advice or assisting you with tax preparation? You might consult a CPA for your tax issues and pay fee f...
by retire57
Sun Apr 02, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Do We Need To Continue The Personal Advisory Service?
Replies: 9
Views: 1067

Do We Need To Continue The Personal Advisory Service?

I appreciate your valuable input in advance. DH and I retired over a year ago and opted to use Vanguard's PAS to help with the distribution phase of our financial lives. One year in, we are questioning the utility of that service (which is costing us about $2900/year - an expense that will only incr...
by retire57
Tue Mar 28, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 6116

Re: Daughter maxed out credit cards, needs help from me

Offer to send her to Financial Peace University. Teach a man to fish ... and all that ....
by retire57
Fri Mar 24, 2017 6:08 pm
Forum: Investing - Theory, News & General
Topic: AA after reaching your "freedom number"?
Replies: 39
Views: 4653

Re: AA after reaching your "freedom number"?

Retired x 1 year. We are at 50/50 stocks/bonds and sleeping pretty well.
by retire57
Wed Mar 22, 2017 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken Problems - Anyone Else?
Replies: 8
Views: 842

Re: Quicken Problems - Anyone Else?

Thanks so much to you all for your helpful suggestions! Restarting my laptop did the trick. The prospect of losing the ability to download my transactions had an interesting emotional impact (considering the pending change to making Quicken subscription-based). First: "OMG - how will I get on w...
by retire57
Wed Mar 22, 2017 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken Problems - Anyone Else?
Replies: 8
Views: 842

Quicken Problems - Anyone Else?

Hi All, Quicken is not downloading any transactions for the past 2 days. (I'm using Quicken Deluxe 2016). I've tried editing the online options via each account, but the first step (where you chose your financial institution from a list) is not showing any financial institutions from which to choose...
by retire57
Thu Mar 02, 2017 4:09 pm
Forum: Personal Consumer Issues
Topic: Favorite survival books?
Replies: 41
Views: 4108

Re: Favorite survival books?

spin_echo wrote:Touching the Void by Joe Simpson (also a movie)
Into Thin Air Jon Krakauer
Any of the books about Shackleton


My list exactly.
by retire57
Thu Mar 02, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 18589

Re: Possibly Financially Independent and Feeling Miserable

We currently get health insurance through my employer, and I haven't done any serious research into independently-paid-for health insurance costs. That said, our current spending includes housing costs, and if I were to retire (or semi-retire), we would use a portion of our cash to buy a house (pre...
by retire57
Thu Mar 02, 2017 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Savings Account vs. Bonds for short-term (~1 year) savings
Replies: 5
Views: 620

Re: Savings Account vs. Bonds for short-term (~1 year) savings

I wouldn't want to risk the principal for a nominal return with short-term money. I'd stash it in a Money Market account.
by retire57
Tue Feb 28, 2017 12:34 pm
Forum: Investing - Theory, News & General
Topic: Explanation Needed from "How to Think about Money"
Replies: 9
Views: 1261

Re: Explanation Needed from "How to Think about Money"

OK. So Clements isn't referring to spending bond dividends versus re-investing the dividends.
by retire57
Tue Feb 28, 2017 12:10 pm
Forum: Investing - Theory, News & General
Topic: Explanation Needed from "How to Think about Money"
Replies: 9
Views: 1261

Explanation Needed from "How to Think about Money"

Am currently reading Jonathan Clements' commendable book, but there is a point that I'm unclear about. Can you all shed some light? The author explores ways in which we "engage in mental accounting" which may lead to money mistakes. He mentions the "old adage" about never spendin...
by retire57
Sun Feb 26, 2017 9:28 pm
Forum: Personal Consumer Issues
Topic: Do Boglehead DIY or Pay a Professional?
Replies: 95
Views: 8898

Re: Do Boglehead DIY or Pay a Professional?

Hmmmm ... let's see, do I want to strip, sand, and stain my aging wood floors or .... write a check? I arrive at the same answer whether it's yard maintenance, oil changes, or housecleaning. IMO, unless you are into DIY, life is far too short. One of the very best reasons I can think of for accumula...
by retire57
Wed Feb 22, 2017 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Millionaire
Replies: 65
Views: 8964

Re: New Boglehead Millionaire

Very impressive! Congrats!

And, yes, please give us a brief summary of how you did it.
by retire57
Wed Feb 22, 2017 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on girlfriend debt/finances
Replies: 82
Views: 8693

Re: Need advice on girlfriend debt/finances

You said: She doesn't like the idea of us living without fun until debts are gone ...

This attitude does not bode well for a secure financial future.
by retire57
Wed Feb 22, 2017 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 468
Views: 56392

Re: Quicken's future direction - a cause for concern

Agree with all who say that 1) Quicken will be missed and 2)there aren't any attractive alternatives since Microsoft Money became extinct. However, I have enough belief in Capitalism and the entrepreneurial force in the U.S. that some person (maybe a 14 year-old?) is out there and she is working awa...
by retire57
Thu Feb 09, 2017 10:20 pm
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 369
Views: 33190

Re: Your USER NAME...what does it mean?

22twain wrote:In the movie "Murder by Death," the eccentric millionaire Lionel Twain lives at 22 Lola Lane.

Image

I also happen to be a railroad buff.


LOL !!!!!!!!!!!!!!!!
by retire57
Thu Feb 09, 2017 10:08 pm
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 369
Views: 33190

Re: Your USER NAME...what does it mean?

Since I encountered my first Retirement Calculator in my 30s, I figured that a retirement age of 57 was possible. As it happened, those calculators, along with predicted savings rate and returns, were spot-on.
by retire57
Sun Feb 05, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Keep a Local Bank?
Replies: 76
Views: 6008

Re: Keep a Local Bank?

I see no reason to use a brick-and-mortar bank these days. A problem we faced (especially with truly "local" banks) was frequent mergers. Each time, the customer has the headache of new checks, modifying account info with retailers etc ... The third merger was the final straw for us and we...
by retire57
Sat Feb 04, 2017 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 94
Views: 18392

Re: Two Comma Club

DH and I just made it into the two-comma club! At least the junior version... out balance sheet shows just slightly over $1MM, including all asset types (tax advantaged makes up a big chunk, home equity a small chunk, cash, 529, etc). I told DH and he asked how long before the next million shows up...
by retire57
Fri Feb 03, 2017 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Seeking Advice
Replies: 16
Views: 901

Re: New Boglehead Seeking Advice

Put your emergency fund - 6 months of expenses - in a money market account (can't go wrong with Vanguard). Throw everything you have at the student loan debt. With your salary, you could pay it all off in 2 years if you are really disciplined. That will require diligent budgeting. Sorry to say but y...
by retire57
Fri Feb 03, 2017 10:16 am
Forum: Investing - Help with Personal Investments
Topic: How do you guys ignore this stuff?
Replies: 80
Views: 9444

Re: How do you guys ignore this stuff?

How can we ignore it?

Practice, practice, practice. 8-)
by retire57
Fri Feb 03, 2017 9:23 am
Forum: Investing - Theory, News & General
Topic: Retiree Accumulation/Withdrawal Phase -- How many funds do you have? Allocation? Withdrawal strategy?
Replies: 90
Views: 8770

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

1 year into retirement.

50/50 stocks/bonds. 70/30 US/International stocks

6 funds total

Current withdrawal rate 1% from taxable investments. Other living expenses covered by 2 pensions.
by retire57
Tue Jan 31, 2017 1:31 pm
Forum: Investing - Theory, News & General
Topic: Are you changing your AA based on current events?
Replies: 68
Views: 4038

Re: Are you changing your AA based on current events?

Nope. 30+ years of investing has taught us NOT to do that.