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Re: Rain Jacket Recommendations

As a Fly Fisherman I have spent many rainy days afield. Frogg Togg Products are Super and a Great Deal! http://www.froggtoggs.com/ And they are very light weight, which is great for back packing. They are not super durable, but easily fixed with some duct tape. They have many different grades of qu...
by Cut-Throat
Fri Aug 22, 2014 4:03 pm
 
Forum: Personal Consumer Issues
Topic: Rain Jacket Recommendations
Replies: 29
Views: 1414

Re: Rain Jacket Recommendations

As a Fly Fisherman I have spent many rainy days afield.

Frogg Togg Products are Super and a Great Deal!

http://www.froggtoggs.com/
by Cut-Throat
Fri Aug 22, 2014 2:32 pm
 
Forum: Personal Consumer Issues
Topic: Rain Jacket Recommendations
Replies: 29
Views: 1414

Re: Smooth perpetual withdrawal from risky assets [endowment

The money in your cash account should be counted as part of your asset allocation. Unspent withdrawals are, by definition, not withdrawals. They are just an alteration in your asset allocation, in this case a fairly arbitrary one based on your inability to find things you're willing to spend money ...
by Cut-Throat
Thu Aug 21, 2014 7:05 pm
 
Forum: Investing - Theory, News & General
Topic: Smooth perpetual withdrawal from risky assets [endowment fd]
Replies: 89
Views: 6301

Re: I failed SS login

I had a problem setting up also, but I think it was related to the phone #. We no longer have a land line. I never have created an account online, I just went to the local office. I should take care of the online sign up, but a 30 minute wait time on hold is excessive. You will have to wait the ful...
by Cut-Throat
Thu Aug 21, 2014 1:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: I failed SS login
Replies: 18
Views: 1628

Re: Smooth perpetual withdrawal from risky assets [endowment

As you pointed out in another post, there are trade-offs, involving the varying utility of money. Even in a massive bubble, if you can't sensibly spend money straight away, and the bubble asset still has the highest yield, then it's best to leave money in that asset. (Though in 2000 bubble, SP500 w...
by Cut-Throat
Thu Aug 21, 2014 12:26 pm
 
Forum: Investing - Theory, News & General
Topic: Smooth perpetual withdrawal from risky assets [endowment fd]
Replies: 89
Views: 6301

Re: Why aren't annuities better than investment drawdowns?

I don't hold cash. Spending is funded month by month by selling something. I don't like the drag on returns from cash so I don't hold any other than about 1/2 month average to provide a little working capital plus a couple of twenties in my wallet.I don't use a mathematical method for withdrawal, I...
by Cut-Throat
Thu Aug 21, 2014 12:13 pm
 
Forum: Investing - Theory, News & General
Topic: Why aren't annuities better than investment drawdowns?
Replies: 46
Views: 2819

Re: Why aren't annuities better than investment drawdowns?

Same here. In fact we increased our spend temporarily during the last downturn. Prices and availability for home improvement contractors was extremely attractive so we had some renovations done. Also, there were fantastic deals on travel. So we temporarily bumped up our spending in 2009. It is back...
by Cut-Throat
Thu Aug 21, 2014 9:27 am
 
Forum: Investing - Theory, News & General
Topic: Why aren't annuities better than investment drawdowns?
Replies: 46
Views: 2819

Re: Fostering Change in HOA

You aren't going to win at this one. Most people want cable TV (I don't). Right now you are helping them pay for their cable TV, and you are in the minority. Most of the other homeowners would have their bills increase to drop the Cable TV. This is an impossible sell for you. My advice is to forget ...
by Cut-Throat
Thu Aug 21, 2014 9:19 am
 
Forum: Personal Consumer Issues
Topic: Fostering Change in HOA
Replies: 40
Views: 1957

Re: Reducing time spent paying bills

I use online bill pay. You receive a bill electronically and a check is automatically generated on its due date. All I have to do is make sure my checking account has money in it. The best part is I don't have to pay for stamps. Did I forget to mention there is no cost for this service? It can't be...
by Cut-Throat
Wed Aug 20, 2014 8:40 pm
 
Forum: Personal Consumer Issues
Topic: Reducing time spent paying bills
Replies: 25
Views: 1700

Re: Any Tips on wintering in the Bahamas ?

Have you spent time in Freeport before? I have family in the Abacos, and strongly prefer the experience of the outer islands to life in the "big city". That said, if you're going to be bonefishing the whole time you'll probably be happy anywhere, as long as there are tails out of the wate...
by Cut-Throat
Wed Aug 20, 2014 5:33 pm
 
Forum: Personal Consumer Issues
Topic: Any Tips on wintering in the Bahamas ?
Replies: 5
Views: 783

Re: Longer Term Investment Goals Progress Tracking

Hi, I decided a while back, on 10/15/2010 to be precise, that in addition to my 1st and 2nd tier financial goals I would target my long term goal and track the progress. So there it is on the spreadsheet. Here is my current progress to date, percentages are percent completed towards goal: 10/15/201...
by Cut-Throat
Tue Aug 19, 2014 7:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Longer Term Investment Goals Progress Tracking
Replies: 20
Views: 1215

Re: Bad(?) advice given about Target Date Retirement funds

Agree that this is an ideal use for the Target Date funds. A new investor gets a nicely-diversified (hopefully) low-cost portfolio in a single fund that automatically rebalances and gets more conservative as the investor ages. IMO, it doesn't get any better than that for a vast majority of investor...
by Cut-Throat
Tue Aug 19, 2014 4:37 pm
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 74
Views: 4819

Re: Bad(?) advice given about Target Date Retirement funds

I think the problem is that it's not a big deal. Pick a TD fund. Three years from now, reassess, and pick another. What's the problem? If they are the type of investor that won't reassess, then the TD's glidepath is going to be far better than anything they will do on their own. JT Yup, and that's ...
by Cut-Throat
Mon Aug 18, 2014 9:39 pm
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 74
Views: 4819

Re: Bad(?) advice given about Target Date Retirement funds

I personally think Vanguard's Target Date funds are poor and have way too aggressive equity allocations. So I would recommend that everyone avoid them. I agree with those suggesting LS funds. I completely disagree !....... Both the LS and The Target Date Funds allow you to choose your own equity al...
by Cut-Throat
Mon Aug 18, 2014 6:04 pm
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 74
Views: 4819

Any Tips on wintering in the Bahamas ?

I will be spending this coming winter on Grand Bahama Island ... Freeport. We have an apartment rented for the 3 months as well as a Car.
Plane Tickets have been purchased. I plan on spending a lot of time Fly Fishing for Bonefish.

Any tips out there from someone that has wintered in the Bahamas?
by Cut-Throat
Mon Aug 18, 2014 1:57 pm
 
Forum: Personal Consumer Issues
Topic: Any Tips on wintering in the Bahamas ?
Replies: 5
Views: 783

Re: Smooth perpetual withdrawal from risky assets [endowment

Siamond, Your proposal amounts to lowering withdrawals during the bubble, and jacking them up during the downturn. Let's think about that. Imagine that we're at the beginning of the year, I have a $1,000,000 portfolio, and VPW tells me to withdraw $55,000. If I knew that my portfolio would lose 50%...
by Cut-Throat
Sun Aug 17, 2014 12:34 pm
 
Forum: Investing - Theory, News & General
Topic: Smooth perpetual withdrawal from risky assets [endowment fd]
Replies: 89
Views: 6301

Re: Moving after retirement.

Yes, I also think you should stay where you're at, if you like it. I also hate winter, but stay in Florida or the Bahamas or elsewhere in the Caribbean every winter. It costs a bit more, but you get what you pay for. Also, no place is perfect so being a snowbird may be the best of both worlds.
by Cut-Throat
Sat Aug 16, 2014 8:40 pm
 
Forum: Personal Consumer Issues
Topic: Moving after retirement.
Replies: 43
Views: 3616

Re: Is the goal in sight? Should I relax?

Congratulations for your (savings and life) achievements. I would just caution you about Firecalc and other financial calculators. The 20th century returns (stocks and bonds) may not be the 21st century returns. And yet Firecalc kind of assumes it - or at least the way many people interpret its out...
by Cut-Throat
Sat Aug 16, 2014 2:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is the goal in sight? Should I relax?
Replies: 19
Views: 2305

Re: Lifestyle Creep

Background: The end of working life is in sight, as early as next year. We suspect finances will be okay with initial income from a pension, an annuity, rentals, drawdowns <3%. After a number of years SS will kick in, as will increasing income from rentals when they are paid off. With the end near ...
by Cut-Throat
Fri Aug 15, 2014 12:36 pm
 
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 22
Views: 2619

Re: Smooth perpetual withdrawal from risky assets [endowment

Siamond, I respect your position, but if you are as fearful as you say you are, you won't have the 'Guts' to stick with your plan of 'smooth withdrawals' anyway. That is the point I was trying to make. When the market takes a big downturn, my guess is that you will abandon your plan of smooth withdr...
by Cut-Throat
Tue Aug 12, 2014 6:28 pm
 
Forum: Investing - Theory, News & General
Topic: Smooth perpetual withdrawal from risky assets [endowment fd]
Replies: 89
Views: 6301

Re: Smooth perpetual withdrawal from risky assets [endowment

Being on a depleting trajectory by then, I don't know, this would make me rather nervous. - and such fear & uncertainty is the 2nd point, an important psychological factor. We can play with all the numbers we want, be as rational as we want, but I know that fears aren't going to get any better ...
by Cut-Throat
Tue Aug 12, 2014 1:04 pm
 
Forum: Investing - Theory, News & General
Topic: Smooth perpetual withdrawal from risky assets [endowment fd]
Replies: 89
Views: 6301

Re: Smooth perpetual withdrawal from risky assets [endowment

Siamond, did you read Longinvest's Post?

Just wondering. :shock:
by Cut-Throat
Mon Aug 11, 2014 8:02 pm
 
Forum: Investing - Theory, News & General
Topic: Smooth perpetual withdrawal from risky assets [endowment fd]
Replies: 89
Views: 6301

Re: Cancun Hotel Recommendation wanted.......

Cut-throat, My wife used to go to Cancun 30-40 years ago when there were just a few hotels there. You wouldn't believe what they have done and she doesn't like it anymore... Have a great time down in Sian Kaan. I haven't been down as far as Grand Slam Lodge -- only drove about 20 miles south of Tul...
by Cut-Throat
Mon Aug 11, 2014 2:00 pm
 
Forum: Personal Consumer Issues
Topic: Cancun Hotel Recommendation wanted.......
Replies: 10
Views: 699

Re: Can the reverse of market timing work?

So I understand market timing on the way in and during your journey is basically a loser's game. If you have money to invest, there's no point in waiting for the market to change in your favor as you'll lose out on average. And moving in and out of the market during the years you're saving will lik...
by Cut-Throat
Sun Aug 10, 2014 2:50 pm
 
Forum: Investing - Theory, News & General
Topic: Can the reverse of market timing work?
Replies: 18
Views: 2075

Re: Smooth perpetual withdrawal from risky assets [endowment

Another thing. I've been tracking all my family's expenses for more than 10 years (that has become even simpler, today, with sites like Mint, which I don't use). I have also kept a careful eye on CPI numbers. Guess what? Personal inflation and CPI have are not perfectly correlated. When gas prices ...
by Cut-Throat
Sun Aug 10, 2014 2:25 pm
 
Forum: Investing - Theory, News & General
Topic: Smooth perpetual withdrawal from risky assets [endowment fd]
Replies: 89
Views: 6301

Re: Vanguard quietly adds longevity annuities

I never liked any type of annuity. Then I read some of the posts here and a SPIA seems like it may be a viable option for me around 70+, but only if things go bad for me financially in the next decade. I do not like the longevity annuity mostly because I must depend on the insurer that is rated hig...
by Cut-Throat
Sat Aug 09, 2014 3:12 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard quietly adds longevity annuities
Replies: 85
Views: 6786

Re: Smooth perpetual withdrawal from risky assets

I'm either missing something completely or you are trying to reinvent the wheel. It seems to me that this problem is just a modification of the standard declining balance method for calculating depreciation but with periodic and unknown increases in the principle. For a 30 year period you withdrawa...
by Cut-Throat
Sat Aug 09, 2014 3:09 pm
 
Forum: Investing - Theory, News & General
Topic: Smooth perpetual withdrawal from risky assets [endowment fd]
Replies: 89
Views: 6301

Re: That sudden moment when Money is not a Problem

Jack FFR1846 wrote:Unfortunately, I find some 20 year olds who go by "go on that safari/ buy that sports car/ splurge on yourself now cause you're only young once. I expect they will be broke many times.


And those 20 year olds are not on this site, reading this thread.
by Cut-Throat
Fri Aug 08, 2014 4:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: That sudden moment when Money is not a Problem
Replies: 33
Views: 6668

Re: Neighbor's Tree

My neighbor has a huge maple tree on his property that leaves a lot of work for me in the fall. The leaves are quite large and after raking, I can easily fill a dump truck. Is this just a part of having neighbors or should I expect them to prune and make the tree more manageable. How about helping ...
by Cut-Throat
Fri Aug 08, 2014 9:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Neighbor's Tree
Replies: 44
Views: 3016

Re: Cancun Hotel Recommendation wanted.......

If you are going fishing down in the Sian Kaan preserve, that is gorgeous! I guess I will try to talk you out of Cancun too. I did something similar to you -- tacked on Cancun for a few days after a trip further south. I hated Cancun and won't go back, even though we had a killer suite on the front...
by Cut-Throat
Thu Aug 07, 2014 6:40 pm
 
Forum: Personal Consumer Issues
Topic: Cancun Hotel Recommendation wanted.......
Replies: 10
Views: 699

Re: Cancun Hotel Recommendation wanted.......

Have you considered Isla Mujeres? A little less touristy than Cancun, yet plenty of nice dining options at the same time. It's a short ferry ride from Cancun. More mopeds and golf carts on the roads than vehicles. Yes, I have been to Isla Murjeres before. albiet 30 years ago. So, yes, this is an op...
by Cut-Throat
Thu Aug 07, 2014 6:32 pm
 
Forum: Personal Consumer Issues
Topic: Cancun Hotel Recommendation wanted.......
Replies: 10
Views: 699

Re: Cancun Hotel Recommendation wanted.......

Travel to PVR instead. Trust me on this. I am fishing Just South of Cancun at a Lodge, which is the Main point of the Trip. The type of Fishing that I do is not Available in PVR. I am flying into and out of Cancun. So, I thought I stay a few extra Days as long as I'm there. BTW - I took a week Vaca...
by Cut-Throat
Thu Aug 07, 2014 5:43 pm
 
Forum: Personal Consumer Issues
Topic: Cancun Hotel Recommendation wanted.......
Replies: 10
Views: 699

Cancun Hotel Recommendation wanted.......

I am taking a fishing trip in Mexico and want to spend another 3 days in the Cancun Area afterwards. I am looking for a Nice Hotel that is NOT Al-Inclusive. Also close to good restaurants, walking distance Preferred. I don't want to eat from Buffets and so, I don't want to Pay the All-Inclusive Pric...
by Cut-Throat
Thu Aug 07, 2014 5:17 pm
 
Forum: Personal Consumer Issues
Topic: Cancun Hotel Recommendation wanted.......
Replies: 10
Views: 699

Re: My bank lowered my interest rate on my checking account

I had 2% interest on my checking account. My bank, First American Bank, lowered it to 1.5% without telling me. Is there a better option out there for me? No. -- My bank eliminated interest on my checking account about 5 years ago. I struggle to get .87% on my Savings with Ally Bank. What Planet do ...
by Cut-Throat
Thu Aug 07, 2014 12:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: My bank lowered my interest rate on my checking account
Replies: 11
Views: 1228

That sudden moment when Money is not a Problem

And you didn't win the lottery. I was helping a friend with his newly entered retirement stage. He had not planned on this, but suffered a layoff about a year ago and not finding employment made him realize that in essence he was retired. He was very concerned about money, as he didn't have enough a...
by Cut-Throat
Thu Aug 07, 2014 10:00 am
 
Forum: Personal Finance (Not Investing)
Topic: That sudden moment when Money is not a Problem
Replies: 33
Views: 6668

Re: Lexus ES 350 versus Hyundai Genesis

As an owner of a 2012 Genesis 4.6 who previously drove an ES350, allow me to offer an opinion. The Genesis is the better value for the money PERIOD! It is a more powerful, smoother ride with the same level of accoutrement that the ES350 could offer (if fully outfitted) at a MUCH lower price. The ES...
by Cut-Throat
Thu Aug 07, 2014 9:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Lexus ES 350 versus Hyundai Genesis
Replies: 18
Views: 3442

Re: Margin for error in early retirement

Your Pension alone covers your expenses and then some. All the rest you mention is a lot more than the $500-$1500 extra per month that you stated.

So, if you're happy with the $1200 a month for expenses, what are you worried about?
by Cut-Throat
Mon Aug 04, 2014 12:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Margin for error in early retirement
Replies: 12
Views: 999

Re: Smooth perpetual withdrawal from risky assets

Note that this is a theoretical experiment. My own objective is to have some fun with other Bogleheads playing with maths. I do not necessarily endorse using such a withdrawal strategy for retirement. Instead, my own suggestion for a (possibly early) retirement withdrawal strategy, would be much si...
by Cut-Throat
Mon Aug 04, 2014 11:26 am
 
Forum: Investing - Theory, News & General
Topic: Smooth perpetual withdrawal from risky assets [endowment fd]
Replies: 89
Views: 6301

Re: Replacing my Central Heat and A/C system................

This might be another option for the OP to consider, rather than premature replacement just have it repaired if something goes wrong when away? Maybe an annual fall check could also help to determine if the unit is in immanent danger of failure or failing in a way that it would not make sense to re...
by Cut-Throat
Sun Aug 03, 2014 8:23 pm
 
Forum: Personal Consumer Issues
Topic: Replacing my Central Heat and A/C system..................
Replies: 16
Views: 1702

Re: Replacing my Central Heat and A/C system................

In reality, you're not really using the heating system in winter if no one lives in the house. I would say just properly prepare the house for a long period of non-use. Empty the water lines and pour enough antifreeze down the drains. Set the heat to 40. If the system fails there's no major issues....
by Cut-Throat
Sat Aug 02, 2014 9:43 pm
 
Forum: Personal Consumer Issues
Topic: Replacing my Central Heat and A/C system..................
Replies: 16
Views: 1702

Re: Smooth perpetual withdrawal from risky assets

IMHO it's pretty easy. Our 60/40 port has a net (of taxes) expected REAL CAGR = 4.4%. Subtract our AWR = 3.0% and the equity volatility cost = 1.2% (60% equities) and our portfolio will experience a positive perpetual net REAL CAGR = 0.2%. It's a perpetual portfolio. Say there is another Black Swan...
by Cut-Throat
Sat Aug 02, 2014 8:16 pm
 
Forum: Investing - Theory, News & General
Topic: Smooth perpetual withdrawal from risky assets [endowment fd]
Replies: 89
Views: 6301

Re: Smooth perpetual withdrawal from risky assets

The main comment that I have is that the goal of a Smooth Withdrawal has been addressed many times before. If you look at the Wiki Page on Withdrawal Methods, there are various methods with names like 'Floor and Ceiling' etc..... You may wish to start there and see what has been done in this area. O...
by Cut-Throat
Sat Aug 02, 2014 6:54 pm
 
Forum: Investing - Theory, News & General
Topic: Smooth perpetual withdrawal from risky assets [endowment fd]
Replies: 89
Views: 6301

Re: Smooth perpetual withdrawal from risky assets

Good Plan on Leaving VPW Intact and As is. If there was 1 tool to do everything, your Car would also be a Lawnmower and a SnowBlower. :mrgreen:

Not Feasible or Desired !
by Cut-Throat
Sat Aug 02, 2014 6:24 pm
 
Forum: Investing - Theory, News & General
Topic: Smooth perpetual withdrawal from risky assets [endowment fd]
Replies: 89
Views: 6301

Replacing my Central Heat and A/C system..................

My house is 16 years old and currently the Heat and A/C runs fine. I believe in replacing things before they die, so that I have time to research and Price shop. Since I winter in the Caribbean, and my house is in the Frigid Midwest I would like the Furnace to Not Fail when I'm away. (I do have WiFi...
by Cut-Throat
Sat Aug 02, 2014 4:50 pm
 
Forum: Personal Consumer Issues
Topic: Replacing my Central Heat and A/C system..................
Replies: 16
Views: 1702

Re: A third of Americans delinquent on debt, study says

My biggest takeaway from this fact is- watch out, savers and investors. When things get worse on the debt front, you'll be bailing the spendthrifts out, who outnumber you. There's nothing politicians love more than lots of voters in need of 'aid'. We already have. HARP, HAMP, etc. Don't forget abou...
by Cut-Throat
Tue Jul 29, 2014 7:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: A third of Americans delinquent on debt, study says
Replies: 23
Views: 2258

Re: A third of Americans delinquent on debt, study says

My biggest takeaway from this fact is- watch out, savers and investors. When things get worse on the debt front, you'll be bailing the spendthrifts out, who outnumber you. There's nothing politicians love more than lots of voters in need of 'aid'. If wages and benefits keep getting reduced, this wi...
by Cut-Throat
Tue Jul 29, 2014 4:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: A third of Americans delinquent on debt, study says
Replies: 23
Views: 2258

Re: Vanguard quietly adds longevity annuities

rrppve wrote:VPW's success depends on the ability to reduce spending, potentially significantly, in bad times.


If you follow the 'Age in Bonds' rule, you won't have to reduce spending significantly in bad times.
by Cut-Throat
Sun Jul 27, 2014 5:28 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard quietly adds longevity annuities
Replies: 85
Views: 6786

Re: Vanguard quietly adds longevity annuities

That's because that's when the mortality credits start kicking in. This is why the longevity annuities are interesting, because approximately 50% of your cohort will pass before age 85. Also for comparison, an 80 year old male will get 11% from an immediate annuity. But that's the problem, you can'...
by Cut-Throat
Sun Jul 27, 2014 4:16 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard quietly adds longevity annuities
Replies: 85
Views: 6786

Re: Vanguard quietly adds longevity annuities

But it matches my non-expert, top-of-my-head thinking over several years that if we knew there was a reasonable floor (even if eating tuna casserole, which we happen to like, and isn't cat food, at least not the pre-packaged type) The option of delaying S.S. to age 70 should be considered first bef...
by Cut-Throat
Sun Jul 27, 2014 3:48 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard quietly adds longevity annuities
Replies: 85
Views: 6786
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