Search found 2087 matches

by dwickenh
Wed Apr 28, 2021 10:50 pm
Forum: Personal Investments
Topic: Revocable Trust as beneficiary
Replies: 7
Views: 590

Re: Revocable Trust as beneficiary

I agree that there appears to be no benefit to keeping the brokerage account out of the trust. The IRA would remain outside the trust.

Thanks for all of your replies!!

Dan
by dwickenh
Wed Apr 28, 2021 10:47 pm
Forum: Personal Investments
Topic: Revocable Trust as beneficiary
Replies: 7
Views: 590

Re: Revocable Trust as beneficiary

I am considering making my IRA and Brokerage accounts beneficiaries to the Trust without actually naming them as owned by the trust. How can an IRA be a beneficiary to a trust? You can't pour trust assets into an IRA. You can only add money to an IRA by a contribution (when you have earned income--...
by dwickenh
Wed Apr 28, 2021 8:51 pm
Forum: Personal Investments
Topic: Revocable Trust as beneficiary
Replies: 7
Views: 590

Revocable Trust as beneficiary

I am considering making my IRA and Brokerage accounts beneficiaries to the Trust without actually naming them as owned by the trust.
Could someone advise of the advantages and disadvantages of using the trust as beneficiary?

Dan
by dwickenh
Wed Apr 28, 2021 7:56 am
Forum: Personal Finance (Not Investing)
Topic: How much longer will we see this from Vanguard
Replies: 20
Views: 2891

Re: How much longer will we see this from Vanguard

Seems everyone has a different opinion on the brokerages. It is a personal decision for most people and they find what they need- great service, no sales calls, low expenses..... I have accounts with Fidelity and Vanguard. There is little difference for me and I will likely consolidate to one in the...
by dwickenh
Tue Apr 27, 2021 8:44 am
Forum: Personal Investments
Topic: Jonathan Clements clarification
Replies: 20
Views: 3173

Re: Jonathan Clements clarification

Family real estate loans backed by mortgage liens on the property are collectible in the same manner as the bank collects. The property can be sold and the proceeds used to pay off the loan. This may cause some friction in the family, but so does not paying your loan payments. I use minimum interest...
by dwickenh
Tue Apr 27, 2021 8:38 am
Forum: Personal Investments
Topic: Sell today ?
Replies: 36
Views: 4980

Re: Sell today ?

Sell yesterday during the up market:)

Do not keep short term money in the equity market!!!

Dan
by dwickenh
Tue Apr 27, 2021 8:35 am
Forum: Personal Investments
Topic: Rebalance Question
Replies: 10
Views: 809

Re: Rebalance Question

I sold 5% of my equities and invested the proceeds in my total bond fund per my Investment Policy Statement. I do not change my statement based on the latest scare in the market whether it be equity "bubble" or "inflation/interest rates. The idea is to sell high and buy low. I did tha...
by dwickenh
Thu Apr 22, 2021 8:13 am
Forum: Personal Investments
Topic: Bull Market in Bond
Replies: 52
Views: 5883

Re: Bull Market in Bond

pkcrafter wrote: Wed Apr 21, 2021 10:02 am TINA - there is no alternative :shock:

https://www.barrons.com/articles/tina-i ... 1593429300

Going all stocks because you don't like bonds right now is not a good plan.


Paul
+1000 ^^^^^^^
by dwickenh
Thu Apr 22, 2021 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Usage-Based Auto Insurance AmFam - anyone have? GPS tracking.....% discount
Replies: 17
Views: 834

Re: Usage-Based Auto Insurance AmFam - anyone have? GPS tracking.....% discount

This is being offered by multiple Insurance Companies including the internet type like Esurance. I have declined due to a lack of privacy and their ability to increase rates for mileage extremes. They say they won't increase rates based on the information- I don't believe this will be the case after...
by dwickenh
Thu Apr 22, 2021 8:06 am
Forum: Personal Investments
Topic: Reinvest distributions or not?
Replies: 29
Views: 2789

Re: Reinvest distributions or not?

I reinvest distributions in Tira, Rira, and taxable. I take taxable distributions when I need extra cash and have it sent direct to my bank account. That amounts to about half of my taxable account dividends being sent to the bank. I do not take any distributions from the tax deferred/free accounts ...
by dwickenh
Sat Apr 10, 2021 7:37 am
Forum: US Chapters
Topic: South Florida Local Chapter
Replies: 509
Views: 128616

Re: South Florida Local Chapter

I'm just curious if there is a link to a recording of this April 6th presentation? Thanks, Dan The meeting was recorded and when the links are available, we'll let you know. Meanwhile, Mike has already provided the slides he used in his presentation. The slides are in the Master Thread for the Star...
by dwickenh
Fri Apr 09, 2021 8:11 am
Forum: US Chapters
Topic: South Florida Local Chapter
Replies: 509
Views: 128616

Re: South Florida Local Chapter

I'm just curious if there is a link to a recording of this April 6th presentation?

Thanks,

Dan
by dwickenh
Tue Apr 06, 2021 6:00 pm
Forum: Personal Investments
Topic: Buy more bonds now or wait?
Replies: 26
Views: 5531

Re: Buy more bonds now or wait?

Timing the bond market(interest rates) is no easier than timing the stock market. The reason I have bonds is for ballast in case my stocks take a dive. Total bond funds, or intermediate treasuries seem to help during a bear market. I don't own bonds for the interest payout, but I'm glad to collect i...
by dwickenh
Tue Apr 06, 2021 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 21616

Re: How much do you spend annually in retirement?

4% withdrawal along with pension and SS would give me about 120K per year. I am not spending more than 1/3 of that amount at this time. I am dating a great person that I hope to marry someday, so the spending may increase with 2 people in the mix. I have no debt and live in a fairly LCOL area. Dan
by dwickenh
Thu Mar 25, 2021 6:54 am
Forum: Personal Investments
Topic: Why not one index fund instead of three?
Replies: 20
Views: 3656

Re: Why not one index fund instead of three?

Is there a particular advantage to having the suggested 3 index funds versus a target date fund that uses the same index fund within one fund? Perhaps greater ability for precision with allocation? Ability to tax loss harvest individual funds Ability to adjust International equity allocation Abilit...
by dwickenh
Mon Mar 22, 2021 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Can you give financial advice to friends and receive money?
Replies: 54
Views: 4646

Re: Can you give financial advice to friends and receive money?

Stinky wrote: Sat Mar 20, 2021 12:48 pm I tell them what I do myself.

I’ll also refer them to “Bogleheads Guide to Investing” and “Little Book Of Common Sense Investing”. Heck, if I like them well enough, I might even give copies to them.
+1 perfect answer in my opinion!!
by dwickenh
Sat Mar 20, 2021 10:47 am
Forum: Forum Issues and Administration
Topic: Time to give to this website
Replies: 91
Views: 9325

Re: Time to give to this website

Amazon sent me this update: This is the quarterly notification to inform you that the charity you've selected, John C Bogle Center for Financial Literacy, recently received a donation of $361.78 from AmazonSmile -- at no cost to you or other customers. Thanks to customers shopping at smile.amazon.c...
by dwickenh
Thu Mar 18, 2021 8:12 am
Forum: Personal Investments
Topic: Large Cap Fund Choices
Replies: 11
Views: 1046

Re: Large Cap Fund Choices

I agree with sycamore that the active funds likely have some sector risk that has paid off in the past- but may not in the future. I would also go with the fidelity 500 index fund.
by dwickenh
Sat Mar 13, 2021 9:56 am
Forum: Personal Investments
Topic: Gut check - taxable account equities
Replies: 19
Views: 1558

Re: Gut check - taxable account equities

1. Is there any reason to start adding some bonds in the taxable account? 2. Is there any reason to want to cap the taxable account equities at a certain multiple of expenses or certain dollar amount? 3. Is there a large enough potential tax diversification benefit to hold bonds in the taxable acco...
by dwickenh
Tue Mar 02, 2021 9:44 am
Forum: Personal Investments
Topic: Vanguard Experiences?
Replies: 18
Views: 1499

Re: Vanguard Experiences?

I helped my nephew open a simple IRA for his business. He does not like to use online method so it was opened with snail mail. One of the employees name was misspelled on the paperwork back from Vanguard, but that may be due to nephew's handwriting. Online is the easiest way to open an account and i...
by dwickenh
Sun Feb 28, 2021 11:04 am
Forum: Personal Consumer Issues
Topic: Do I need new tires?
Replies: 106
Views: 4772

Re: Do I need new tires?

4/32 of tread is fine on dry pavement, not so good on wet or icy pavement. If you live in the desert, you may get another 6 months out of them. I never go lower than 4/32 before replacing tires. I handled total loss auto claims for an insurance company and owned a body shop for years. I saw many one...
by dwickenh
Sun Feb 28, 2021 11:01 am
Forum: Personal Consumer Issues
Topic: Do I need new tires?
Replies: 106
Views: 4772

Re: Do I need new tires?

Sandtrap wrote: Sun Feb 28, 2021 10:05 am New Michelin tires from Costco.
j :D
+1
by dwickenh
Sun Feb 21, 2021 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Misinformation from S.H.I.P.? [State Health Insurance Assistance Programs]
Replies: 9
Views: 590

Re: Misinformation from S.H.I.P.?

This article I found may help you. It does cover late filing and HSA contributions.

https://www.wolterskluwer.com/en/expert ... ligibility
by dwickenh
Sun Feb 21, 2021 10:17 am
Forum: Personal Investments
Topic: Should a long term investor worry about a NAV decline of Total Bond?
Replies: 36
Views: 3795

Re: Should a long term investor worry about a NAV decline of Total Bond?

I have watched it decline and ascend numerous times over the last decade. I do not worry at all about NAV declines. But then, I am not a worrier to start with.

Dan
by dwickenh
Sun Feb 21, 2021 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Do you need to remove credit freeze to open brokerage accounts?
Replies: 18
Views: 1199

Re: Do you need to remove credit freeze to open brokerage accounts?

My identity got hacked a few weeks ago.... so to protect myself, I froze my credit. The answer to your question had better be YES... otherwise my actions were an exercise in futility. Hopefully you froze with all 5 credit bureaus? Get an IRS Identity Protection PIN. Create IRS and Social Security A...
by dwickenh
Sun Feb 21, 2021 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Do you need to remove credit freeze to open brokerage accounts?
Replies: 18
Views: 1199

Re: Do you need to remove credit freeze to open brokerage accounts?

I opened an account at fidelity in November without unfreezing my credit.
by dwickenh
Sun Feb 21, 2021 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Cash: a survey
Replies: 95
Views: 6422

Re: Cash: a survey

3% of cash in checking account and low interest loan to my son. It would pay about 1 year of my expenses.
I am retired with 14 years in bonds.
by dwickenh
Wed Feb 17, 2021 10:43 am
Forum: Personal Investments
Topic: Withdrawing in retirement
Replies: 22
Views: 3316

Re: Withdrawing in retirement

There is a need for more information to give an informed answer to your question.

Try to use this template for information:


viewtopic.php?f=1&t=6212
by dwickenh
Tue Feb 16, 2021 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: How should I spend all this money?
Replies: 72
Views: 9196

Re: How should I spend all this money?

You didn't mention family, but one thing we are planning in retirement (post-COVID) is to pay for group family vacations for extended family: our siblings, children, nieces, & their kids. Looking to rent a group of cabins in an area with lots of outdoor activities and invite the others to join....
by dwickenh
Sun Feb 14, 2021 10:41 am
Forum: Personal Consumer Issues
Topic: New vs Used (cars)
Replies: 5
Views: 521

Re: New vs Used (cars)

The computer module failures will likely be missed in an independent review also, especially if the system was reset or replaced during the service.
by dwickenh
Thu Feb 11, 2021 8:51 am
Forum: Investing - Theory, News & General
Topic: Bond yields of 1% mean that 60/40-type allocations are off for almost everyone?
Replies: 96
Views: 8423

Re: Bond yields of 1% mean that 60/40-type allocations are off for almost everyone?

So you're saying it really is different this time? This pandemic has given me more hesitant to dismiss thoughts about "it really is different this time." How many pandemics have there been over many decades that have had near-zero effect on those not directly affected? So when I heard abo...
by dwickenh
Thu Feb 11, 2021 8:49 am
Forum: Investing - Theory, News & General
Topic: Bond yields of 1% mean that 60/40-type allocations are off for almost everyone?
Replies: 96
Views: 8423

Re: Bond yields of 1% mean that 60/40-type allocations are off for almost everyone?

So you're saying it really is different this time? The same thing was being posted last year but Intermediate bond funds returned 7-9% and held up well in the March madness if they were government funds. Interest rates will go up, and go down, just like the markets. Yes, the bond market is very dif...
by dwickenh
Tue Feb 09, 2021 10:12 am
Forum: Investing - Theory, News & General
Topic: If you are investing in a traditional 401(k) or traditional IRA, do you have a good reason for doing this?
Replies: 156
Views: 9385

Re: If you are investing in a traditional 401(k) or traditional IRA, do you have a good reason for doing this?

The growth of non-taxed dollars over time with the additional compounding. Roth is great in a low tax brkt, but the 37% brkt has much to gain by deferring taxes.

Dan
by dwickenh
Tue Feb 09, 2021 10:09 am
Forum: Investing - Theory, News & General
Topic: Some thoughts for those afraid of ATH [All Time High]
Replies: 109
Views: 10121

Re: Some thoughts for those afraid of ATH

A great rallying cry for the young to just put it on autopilot(monthly contributions) and ignore the noise.

Nice post,

Dan
by dwickenh
Tue Feb 09, 2021 10:05 am
Forum: Investing - Theory, News & General
Topic: Bond yields of 1% mean that 60/40-type allocations are off for almost everyone?
Replies: 96
Views: 8423

Re: Bond yields of 1% mean that 60/40-type allocations are off for almost everyone?

So you're saying it really is different this time? The same thing was being posted last year but Intermediate bond funds returned 7-9% and held up well in the March madness if they were government funds. Interest rates will go up, and go down, just like the markets. Timing them by adding additional ...
by dwickenh
Tue Feb 09, 2021 9:52 am
Forum: Personal Investments
Topic: Are Bogleheads still investing at Vanguard?
Replies: 132
Views: 11710

Re: Are Bogleheads still investing at Vanguard?

Still at Vanguard and just started a small taxable account at Fidelity. I really see no difference in service between the two companies. I seldom need any service so maybe some have difficulties I would not encounter. 99.9 percent of my investments are at Vanguard. I am a happy client.

Dan
by dwickenh
Sun Feb 07, 2021 9:53 am
Forum: Personal Investments
Topic: advisor / brokerage change - cap gains
Replies: 21
Views: 802

Re: advisor / brokerage change - cap gains

Your advisor knows the answers to your questions, he is just being coy in not answering them. The IRAs can be moved without any tax consequences. The taxable account would have cop gains if the funds are sold, but they may be able to be moved to another brokerage "in kind" without any sale...
by dwickenh
Sun Feb 07, 2021 9:40 am
Forum: Personal Finance (Not Investing)
Topic: What's your highest limit credit card?
Replies: 98
Views: 6181

Re: What's your highest limit credit card?

2 cards, 35K limit, never use more than 4K and usually less than 2K.
by dwickenh
Fri Feb 05, 2021 5:29 pm
Forum: Investing - Theory, News & General
Topic: Duration (8+) of Wellesley & Wellington Bonds - any concerns for 2021?
Replies: 51
Views: 3881

Re: Duration (8+) of Wellesley & Wellington Bonds - any concerns for 2021?

OP, It is very simple. The only reason for you to hold the W&W fund is you believe in their ACTIVE MANAGEMENT of the stock and the bond. If you cannot trust the ACTIVE MANAGEMENT of their bond holding and you could do better, you should sell your W&W fund. KlangFool Of course I trust the ac...
by dwickenh
Fri Feb 05, 2021 5:24 pm
Forum: Personal Investments
Topic: 2021 Portfolio Review
Replies: 3
Views: 707

Re: 2021 Portfolio Review

If Duckie says it looks good, it most likely is good.

+1
by dwickenh
Fri Feb 05, 2021 5:22 pm
Forum: Personal Investments
Topic: Move to a shorter-term bond fund ?
Replies: 18
Views: 1883

Re: Move to a shorter-term bond fund ?

I own the exact funds that OP is asking about. I still have a 6 year horizon to RMDs and will not need to access the bond funds until that time. When I am 3 years away, I may shorten the duration to match the timeline for needing these funds. These same funds made over 7-8% last year so I have decid...
by dwickenh
Fri Feb 05, 2021 5:17 pm
Forum: Personal Investments
Topic: Moving to 0% income state tax.
Replies: 44
Views: 3613

Re: Moving to 0% income state tax.

Here is article on Florida requirements:

https://www.thebalance.com/how-to-becom ... ly-3505215

Dan
by dwickenh
Fri Feb 05, 2021 5:08 pm
Forum: Personal Investments
Topic: Are tax refunds considered earned income?
Replies: 19
Views: 1081

Re: Are tax refunds considered earned income?

A state tax refund could be taxable on your Federal return if you took the deduction the prior year on Schedule A long form deductions.
by dwickenh
Fri Feb 05, 2021 5:06 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 15173
Views: 1170268

Re: U.S. stocks continue to soar!

I backed up the truck today! Tony What did you put in the truck Tony? Dan Today? Bonds. With stocks rising over the past few months, our bonds are under the target allocation. I tune out the noise and simply buy. Hope you are well. Tony Getting closer to a rebalancing band myself!!! Thanks for the ...
by dwickenh
Thu Feb 04, 2021 12:04 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 15173
Views: 1170268

Re: U.S. stocks continue to soar!

abuss368 wrote: Thu Feb 04, 2021 11:52 am I backed up the truck today!

Tony
What did you put in the truck Tony?

Dan
by dwickenh
Mon Feb 01, 2021 10:47 am
Forum: Personal Investments
Topic: Mother in Law wants help investing 70K
Replies: 36
Views: 2198

Re: Mother in Law wants help investing 70K

Seems like they are good candidates for Wellesley as it is a hands off fund that is conservative. It is my best suggestion for people with limited ability to take on risk while still supplying a decent return. YMMV.

Dan
by dwickenh
Mon Feb 01, 2021 10:43 am
Forum: Investing - Theory, News & General
Topic: Does the 4% rule take tax, fees etc into account?
Replies: 362
Views: 12934

Re: Does the 4% rule take tax, fees etc into account?

We need to replace the 4% rule with the 3% rule, because 4% is much more likely to fail over the next 30 years than it used to be. I hate it when people say this without context. But at least you didn't go to 2%. If you are meaning that we are now facing the worst 30 years in recorded(*) history, t...
by dwickenh
Sat Jan 30, 2021 9:23 am
Forum: Personal Investments
Topic: Avoiding market timing is HARD
Replies: 58
Views: 4614

Re: Avoiding market timing is HARD

burritoLover wrote: Fri Jan 29, 2021 10:18 pm Set up auto invest for every paycheck
This^^^^^^^

Take the decision of "When" out of the equation and you will get the benefit of DCA.

Look when the market is going up, ignore your account when the market is going down.

That works for me.
by dwickenh
Sat Jan 30, 2021 8:53 am
Forum: Personal Investments
Topic: Low-budget retirement ideas with $300K to $400K net worth
Replies: 21
Views: 3014

Re: Low-budget retirement ideas with $300K to $400K net worth

I don't see enough assets for retirement, but you may be able to pursue your passion for the environment by teaching. Try to find employment you enjoy every day and continue to save for retirement. The right job could make you feel retired, while still adding to your retirement savings. There are no...
by dwickenh
Fri Jan 29, 2021 9:18 am
Forum: Personal Investments
Topic: If you need another reason NOT to time the market
Replies: 58
Views: 5298

Re: If you need another reason NOT to time the market

As a relatively young person, you are wasting valuable time. Write a Investment policy statement(see the Wiki for more on IPS) and stick to it through
thick and thin. You will get full advantage of the compounding in the market.

Best to you,

Dan