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Re: Riding the Rails--my Amtrak trip

I am getting concerned reading about the delays. I hate planes. Did I say I hate planes. I only take them when I must and only for must business trips, which hopefully will be over soon. I am "spoiled" by Amtrak on the Northeast corridor which is not horrible although almost every time I ...
by BolderBoy
Sat Jul 26, 2014 10:28 am
 
Forum: Personal Consumer Issues
Topic: Riding the Rails--my Amtrak trip
Replies: 46
Views: 4457

Re: Please help settle an argument

DFWinvestor wrote:Argument A: It ALWAYS makes sense to take out a vehicle loan, as long as it is no greater than 3-5%, rather than pay cash for the vehicle up front. If you invest the cash in the S&P 500 you will always come out ahead.

This is nonsense. Most always/never declarations are.
by BolderBoy
Wed Jul 23, 2014 11:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please help settle an argument
Replies: 23
Views: 1947

Re: Vanguard Account Owners - has this happened to you?

I've been with Vanguard longer than you, and recently had a bizarre thing happen. A check showed up in my mailbox. Dividends are supposed to be deposited to my money market account, but instead they mailed me a paper check. I called my rep, she didn't know why it happened. I wonder if other folks h...
by BolderBoy
Wed Jul 23, 2014 11:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Account Owners - has this happened to you?
Replies: 17
Views: 2632

Re: Buy a condo for college?

Slapshot wrote:Do it. My son tried to get us to do this 20 years ago when he went to Univ. of Colorado, Boulder.

+1
I live in Boulder and this is done all the time here. Few people lose money doing it, here and most sell the properties when the kids graduate.
by BolderBoy
Fri Jul 18, 2014 9:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buy a condo for college?
Replies: 29
Views: 2460

Re: Adding Backup Boot Disk - Windows 7 - Clone or Image?

However, I discovered that it took 1.5 hrs to do the image backup to the external hard drive, so it's not something I'd want to do very often. A friend just got a new laptop with USB 3 ports and a 3.0 WD external drive and it took about 10 minutes. I think mine has USB 2 and I have an older WD back...
by BolderBoy
Fri Jul 18, 2014 11:20 am
 
Forum: Personal Consumer Issues
Topic: Adding Backup Boot Disk - Windows 7 - Clone or Image?
Replies: 13
Views: 961

Re: Adding Backup Boot Disk - Windows 7 - Clone or Image?

I will be adding a second internal disk drive to my Windows 7 desktop computer for quick recovery should the current hard disk ever fail. Would you recommend disk cloning or disk imaging? Is it best to have the backup disk the same exact size in gigabytes as the disk it would be replacing? I would ...
by BolderBoy
Wed Jul 16, 2014 11:36 pm
 
Forum: Personal Consumer Issues
Topic: Adding Backup Boot Disk - Windows 7 - Clone or Image?
Replies: 13
Views: 961

Re: I'm cosigner .. Friend thinking of bankruptcy .. Pls hel

1. We have at least 5-6 months before he files, if he files... Can I do something to make my credit immune from his bankruptcy? I did something similar 7 years ago. Faced the same "non-payment" possibility. So I started saving right away and saved the entire amount of the loan just in cas...
by BolderBoy
Wed Jul 16, 2014 11:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm cosigner .. Friend thinking of bankruptcy .. Pls help
Replies: 64
Views: 7458

Re: Thoughts on 100% stock allocation for 33 year old

tainted-meat wrote:I believe there is a hidden opportunity cost to owning bonds over stocks in the long-term.

Can you amplify a bit on this, please? I think to most of us who are not financially-trained, bonds are a bit mysterious.
by BolderBoy
Mon Jul 14, 2014 10:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts on 100% stock allocation for 33 year old
Replies: 85
Views: 6198

Re: Thoughts on 100% stock allocation for 33 year old

Bonds (or at least nominal bonds) are not always the fail-safe that investors think they are. For instance, take the performance of a 50/50 portfolio in the UK. During the 1970s, it lost 60% of its value in real terms. Even investors with bond-heavy allocations should be prepared to lose half their...
by BolderBoy
Mon Jul 14, 2014 10:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts on 100% stock allocation for 33 year old
Replies: 85
Views: 6198

Re: Thoughts on 100% stock allocation for 33 year old

Also, one other point which was raised, and which was also mentioned in a subsequent edition to The Elements of Investing , is that the bond market is likely going to be suppressed for some time. You'd need to convince me that any sort of comment such as this, "likely going to be..." is a...
by BolderBoy
Mon Jul 14, 2014 10:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts on 100% stock allocation for 33 year old
Replies: 85
Views: 6198

Re: Thoughts on 100% stock allocation for 33 year old

="berntson"Assuming equal yearly contributions, that extra 1.5% yearly return translates into a portfolio that is about 15% larger after 25 years. Of course, there are no guarantees. But an extra 15% is nothing to sneeze at. It means that a retiree can have a lower (and hence safer) withd...
by BolderBoy
Mon Jul 14, 2014 10:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts on 100% stock allocation for 33 year old
Replies: 85
Views: 6198

Re: Thoughts on 100% stock allocation for 33 year old

I don't see how introducing bonds helping at all, if anything, it would lower the yields significantly no? I'm basing this off of S&P500's long term average growth (some 7% or whatever that number is). Won't lower yields significantly over the LONG TERM. And the other side of "helping"...
by BolderBoy
Sun Jul 13, 2014 1:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts on 100% stock allocation for 33 year old
Replies: 85
Views: 6198

Re: Thoughts on 100% stock allocation for 33 year old

brigboy wrote:I'm open to still doing 100% stocks (S&P500 - not even anything fun or exciting) but I suppose if the market tanks, I can convert all my bonds over to equity :).

This is called, "Market Timing".
by BolderBoy
Sun Jul 13, 2014 1:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts on 100% stock allocation for 33 year old
Replies: 85
Views: 6198

Re: Allocation in Retirement

I am sure this has been discussed before, but my search yielded little. I am looking for general or fund recommendations, for people in retirement,to produce income stream of 2.5-3% of the portfolio? If anyone knows of a thread on this I would appreciate them pointing it out to me. It may be a litt...
by BolderBoy
Sun Jul 13, 2014 12:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Allocation in Retirement
Replies: 7
Views: 1301

Re: Safe withdrawal rate > 4% if no heirs & ok to deplete ca

I spent some time reading about this topic in the wiki, with its various math formulas and the like.

What about simply using the IRS' RMD tables? Isn't that geared to basically bleeding down a given amount of $$$ to zero at the end of X years?
by BolderBoy
Sun Jul 13, 2014 12:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Safe withdrawal rate > 4% if no heirs & ok to deplete captl?
Replies: 32
Views: 3090

Re: Thoughts on 100% stock allocation for 33 year old

For me, a major market downturn would be scary, but what would be even more scary is not having enough money to retire. You are the one who has to sleep at night with the choices you make now. The research is pretty clear: 100% equities (widely diversified, such as Total Stock Market Index) only co...
by BolderBoy
Sun Jul 13, 2014 12:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts on 100% stock allocation for 33 year old
Replies: 85
Views: 6198

Re: Wife was hit by car while riding on bicyle. Next Step?

goodenoughinvestor wrote:Any advice on HOW to find a good, professional personal injury lawyer?

If you have a friend who is a judge, ask him/her. They've seen 'em all.
by BolderBoy
Wed Jul 09, 2014 6:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife was hit by car while riding on bicyle. Next Step?
Replies: 46
Views: 5592

Re: List of Worst financial advice (what not to do):

cheese_breath wrote:"Superior portfolio performance will more than pay my fees" ... Financial Advisor

ROFL. My last (forever) FA used that exact phrase on me, before he lost 40% of my portfolio with market timing. Oh, and he continued to siphon off a fee on the way down.
by BolderBoy
Wed Jul 09, 2014 6:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: List of Worst financial advice (what not to do):
Replies: 144
Views: 16091

Re: How to w/d from taxable until SS/RMD time gets here?

Taking Social Security early will reduce your payout by quite a bit and you will be left with that reduced payout for the rest of your life. If it applies to your family, spousal benefits will be reduced forever as well. There's no point in putting everything in cash because that's not necessary. I...
by BolderBoy
Wed Jul 09, 2014 4:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to w/d from taxable until SS/RMD time gets here?
Replies: 29
Views: 1980

Re: How to w/d from taxable until SS/RMD time gets here?

Paltry returns of bonds are a fact of life for every retiree. However, a 0% real return is a lot better than a 20% loss. The relationship between risk and return is the most basic of all investment dictums. If you really are needing the money that you have invested in equities within the next few y...
by BolderBoy
Wed Jul 09, 2014 1:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to w/d from taxable until SS/RMD time gets here?
Replies: 29
Views: 1980

Re: How to w/d from taxable until SS/RMD time gets here?

If spending down a taxable account you should not reinvest dividends. Collect the dividends for spending.... Why? It would seem better to reinvest and consider which securities to sell for spending based on total tax situation ... It nay be those (since basis = current value) but you might prefer t...
by BolderBoy
Tue Jul 08, 2014 8:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to w/d from taxable until SS/RMD time gets here?
Replies: 29
Views: 1980

Re: How to w/d from taxable until SS/RMD time gets here?

OP, you mentioned periodic equal withdrawals from both funds. This is reverse dollar cost averaging. Dollar cost averaging is great during the accumulation stage, because you are buying more shares when prices are down, less when prices are up. If you do this when withdrawing, you sell more shares ...
by BolderBoy
Tue Jul 08, 2014 8:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to w/d from taxable until SS/RMD time gets here?
Replies: 29
Views: 1980

Re: How to w/d from taxable until SS/RMD time gets here?

This bond fund's dividends slightly exceed my expenses on an annual basis so any surplus is plowed back into the bond fund. Furthermore, any cap gain distributions, which are erratic, are automatically reinvested so I add to my total share count and my monthly diivdends that way... My AA in the tax...
by BolderBoy
Tue Jul 08, 2014 8:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to w/d from taxable until SS/RMD time gets here?
Replies: 29
Views: 1980

Re: How to w/d from taxable until SS/RMD time gets here?

Bolderboy, I have been an early retiree (age 51) for 5 1/2 years and use the monthly dividends from a bond fund to pay for my expenses. Most of the rebalancing I do is in my IRA although I have made a rare rebalancing move in my taxable accounts which are more bond-weighted than the IRA (which is n...
by BolderBoy
Tue Jul 08, 2014 7:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to w/d from taxable until SS/RMD time gets here?
Replies: 29
Views: 1980

Re: How to w/d from taxable until SS/RMD time gets here?

I see that you're looking to do Roth conversions up to the top of the 15% bracket. Be aware that while LTCG may be taxed at 0% Fed but it is included in AGI and if you're subject to state income taxes, it will likely be taxed as ordinary income by your state. Yes, the first $24k will be exempt from...
by BolderBoy
Tue Jul 08, 2014 7:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to w/d from taxable until SS/RMD time gets here?
Replies: 29
Views: 1980

Re: Unknown Time Horizon

Since you can't predict the future and are presently young and full of vigor, I'd be saving the legal limits in retirement plans, and saving anything else outside of what I didn't spend beyond that, in efficient, taxable investment funds. In fact I did just that from age 27 onward - maxed out all av...
by BolderBoy
Tue Jul 08, 2014 7:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Unknown Time Horizon
Replies: 12
Views: 790

Re: How to w/d from taxable until SS/RMD time gets here?

If you're going to rely on your taxable account to support your lifestyle, the taxable account should provide a predictable stream of income. You mention that the account is about $400,000 now and you'd like to spend it over 7 years. If the Total Stock Market fund drops 20%, how will that affect yo...
by BolderBoy
Tue Jul 08, 2014 7:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to w/d from taxable until SS/RMD time gets here?
Replies: 29
Views: 1980

Re: How to w/d from taxable until SS/RMD time gets here?

You don't mention what your emergency fund status is. Most retirement income planners would move some to cash or laddered CDs. Certainly not all of it, but maybe so you have in the range of 2-4 years of expenses. Generally, you should draw down in proportion to maintain your desired asset allocatio...
by BolderBoy
Tue Jul 08, 2014 7:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to w/d from taxable until SS/RMD time gets here?
Replies: 29
Views: 1980

Re: How to w/d from taxable until SS/RMD time gets here?

If spending down a taxable account you should not reinvest dividends. Collect the dividends for spending. Okay, doing this already - thanks for the confirmation. IMO, you should not ignore the tax advantaged accounts when spending down the taxable account, because the overall AA needs to be conside...
by BolderBoy
Tue Jul 08, 2014 7:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to w/d from taxable until SS/RMD time gets here?
Replies: 29
Views: 1980

How to w/d from taxable until SS/RMD time gets here?

I'm sure there are others pursuing the same trail as I or planning to, so please share your experience, expertise and wisdom. Let's say for argument's sake I have $400k sitting in a taxable account, split x:y between Limited-Term Tax-Exempt and the Total Stock Market Index. What if I wanted to live ...
by BolderBoy
Tue Jul 08, 2014 7:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to w/d from taxable until SS/RMD time gets here?
Replies: 29
Views: 1980

Re: What octane gas do you use to fill your car?

Lets say your car is recommended to use premium fuel (Upper model lexus, BMW, mercedes) Lets say you use regular 87 octane What are the reliability consequences for the long term? None? I understand that one may get a little performance decrease. My Benz has 66k on it, 8+ years old, has never seen ...
by BolderBoy
Sat Jun 28, 2014 10:28 pm
 
Forum: Personal Consumer Issues
Topic: What octane gas do you use to fill your car?
Replies: 76
Views: 5345

Re: Two month car rental

My dw and I are planning a 6-8 week cross country excursion this fall. I am considering a long-term car rental for what will likely be a 7k mile trip. A quick look shows that I can rent a Chevy Cruze or similar for around $1200 for the two months. This comes to about $.17 a mile, gets me protection...
by BolderBoy
Sat Jun 28, 2014 10:11 pm
 
Forum: Personal Consumer Issues
Topic: Two month car rental
Replies: 28
Views: 1910

Re: Please help us decide where to live

I didn't see your ages. One thing I'd factor into your decision making is water - the drinking kind. And not move somewhere where they are running out of it. Late 40's. Yes, we like to drink water, so we'll keep that in mind. :-) Along this line (droughts), another factor that might help eliminate ...
by BolderBoy
Sat Jun 28, 2014 3:12 pm
 
Forum: Personal Consumer Issues
Topic: Please help us decide where to live
Replies: 169
Views: 7830

Re: Please help us decide where to live

Not sure if you took this comment seriously, but I would. Sorry, we do take it seriously. Do you know an easy way to determine whether water will be an issue for a particular location? Some summary website, for instance? Thanks. I can give you generalities. NM, AZ, NV, CA are four states that are f...
by BolderBoy
Sat Jun 28, 2014 3:06 pm
 
Forum: Personal Consumer Issues
Topic: Please help us decide where to live
Replies: 169
Views: 7830

Re: Please help us decide where to live

http://www.nytimes.com/2014/06/26/upshot/where-are-the-hardest-places-to-live-in-the-us.html The most amazing thing (to me) about that map is that it's very hard to find counties where the obesity rate is less than 30% :shock: Boulder is the thinnest city in the thinnest county in the thinnest stat...
by BolderBoy
Fri Jun 27, 2014 10:21 pm
 
Forum: Personal Consumer Issues
Topic: Please help us decide where to live
Replies: 169
Views: 7830

Re: Please help us decide where to live

CO (I would not necessarily rule out Longmont if I were you)... Also good to remember that the north metro Denver area is growing rapidly, so there are the towns of Lafayette and Erie on the way up toward Longmont. Along the Front Range try to stay west of I-25, but the rule of thumb is the closer ...
by BolderBoy
Fri Jun 27, 2014 10:17 pm
 
Forum: Personal Consumer Issues
Topic: Please help us decide where to live
Replies: 169
Views: 7830

Re: Please help us decide where to live

My wife and I are trying to decide where to live in the United States. We have almost no constraints, which is proving to be more of a curse than a blessing. I didn't see your ages. One thing I'd factor into your decision making is water - the drinking kind. And not move somewhere where they are ru...
by BolderBoy
Fri Jun 27, 2014 9:56 pm
 
Forum: Personal Consumer Issues
Topic: Please help us decide where to live
Replies: 169
Views: 7830

Re: Paperless Statements (bank checking acct)

Friends, What are your thoughts concerning using paperless statements from your bank for checking accounts? I currently get a paper copy mailed to me monthly (I've been doing this for 40 years without a problem). For those of you who switched to paperless statements, do you like them? Is it conveni...
by BolderBoy
Thu Jun 26, 2014 11:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paperless Statements (bank checking acct)
Replies: 64
Views: 3061

Re: Retirement age for software engineers

joe8d wrote:MathWizard wrote:


I would suggest that anyone become financially independent by 60 regardless of field


:thumbsup

+1 Couldn't agree more.
by BolderBoy
Thu Jun 26, 2014 11:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement age for software engineers
Replies: 94
Views: 9455

Re: Help confirm my thoughts regarding solo 401k

Thanks for the reply! Thats great news on your first point, but I think I will not be able to contribute the max $52,000 now if the previous employer match doesn't count toward that. I will "only" make about $135,000 the rest of the year in 1099 income. So by my rough 19% calculations tha...
by BolderBoy
Thu Jun 26, 2014 10:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Help confirm my thoughts regarding solo 401k
Replies: 9
Views: 408

Re: Is Medical School Worth it Financially?

One of the most influential factors in my decision to pursue medicine was job security . That may sound terrible That in no way sounds terrible. At my interview 41 years ago, I answered the "why" question with: 1) I always want to have a job, 2) I want to make a LOT of money and 3) if I c...
by BolderBoy
Mon Jun 23, 2014 4:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is Medical School Worth it Financially?
Replies: 66
Views: 5043

Re: 80K to invest for 44 year old

abhi wrote:@JW Nearly Retired and @oculus - What does 'OP' mean?

OP = Original Poster which in this case is YOU.
:)
by BolderBoy
Mon Jun 23, 2014 3:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: 80K to invest for 44 year old
Replies: 12
Views: 1779

Re: Military [Survivor Benefit Plan] and Other Mistakes

pointyhead wrote:So, my question is: Do I even make an effort to sway him? Or just let sleeping dogs lie?

He's an adult. You are an adult. You know what to do in this situation. We each have to make our own way in the world.
by BolderBoy
Sun Jun 22, 2014 10:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Military [Survivor Benefit Plan] and Other Mistakes
Replies: 22
Views: 1317

Re: [Poll] Have you taken any Investments course?

I have an MBA from Harvard Business School, but I have to tell you I learned less about investment there than from a single reading of "A Random Walk Down Wall Street" (or reading just one of Jack Bogle's books). Yes, there's CAPM, efficient market hypothesis, etc. but until you WANT and ...
by BolderBoy
Sun Jun 22, 2014 10:13 am
 
Forum: Investing - Theory, News & General
Topic: [Poll] Have you taken any Investments course?
Replies: 60
Views: 2842

Re: 80K to invest for 44 year old

abhi wrote:Tax Rate: 25% F, 15%CA

If this is correct, your best investment returns will be via moving out of California. That is a stunning marginal state tax rate.
by BolderBoy
Sun Jun 22, 2014 9:17 am
 
Forum: Investing - Help with Personal Investments
Topic: 80K to invest for 44 year old
Replies: 12
Views: 1779

Re: Would you check my math? annual vs. monthly payment

I looked at this differently. $151.50 per month equals $1,818 for a year. Annual payment of $1,744.50 divided by $1,818 equals .95957 for a 4% discount for paying annually. Not a slam dunk choice to pay annually but worth considering. I got the same number, but even if it is a bit below that, it is...
by BolderBoy
Sun Jun 22, 2014 9:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Would you check my math? annual vs. monthly payment
Replies: 14
Views: 1178

Re: Any suggestions/advice on how I can improve my portfolio

Emergency funds: Three to 4 months of expenses I'd bump this up to 12 months. Desired Asset allocation: 100% stocks / 0% bonds Why? In your late 30s are you really that impervious to losing 50% of your stake (2008)? Remember it takes a 100% rise in the market after a 50% drop *just to get back to e...
by BolderBoy
Sun Jun 22, 2014 9:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Any suggestions/advice on how I can improve my portfolio?
Replies: 18
Views: 1148

Re: It is time to retire when you .......

when the little, annoying details at work started bothering me more than anyone else. And so I retired 2.5 years ago.
by BolderBoy
Fri Jun 20, 2014 10:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: It is time to retire when you .......
Replies: 104
Views: 9668

Re: Health Insurance for physician - HSA?

I can also opt to get my own individual insurance, which allows a lot more options at cheaper rates. ... I don't see any downside to this option. I worked for a small, private anesthesia group. Their group health insurance choices were horrible and I was the oldest member of the group by 20 years. ...
by BolderBoy
Sun Jun 15, 2014 8:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Health Insurance for physician - HSA?
Replies: 5
Views: 360

Re: As Bogelheads, a comforting thought for everyone....

I've heard about people having problems with the red bar download link. Have you tried the File->Download menu (upper left corner) of Google Docs? Edit: Actually, the none of red bar links work for me. But, the File->Download link does work for me. 2nd Edit: I've just submitted an issue report to G...
by BolderBoy
Thu Jun 12, 2014 10:21 am
 
Forum: Personal Finance (Not Investing)
Topic: As Bogleheads, a comforting thought for everyone....
Replies: 46
Views: 4803
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