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Re: What's your withdrawal rate for 2014?

What does it matter? This year it was (well) above 5% for my wife/me, and has been ever since we've been retired. In three years our separate SS starts (at age 70), and our withdrawal rate is forecast to be just over 1%, even with "excessive" withdrawals until that time. A year of excessi...
by DVMResident
Wed Dec 17, 2014 4:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: What's your withdrawal rate for 2014?
Replies: 21
Views: 1635

Re: How do you factor entitlements into your investing plan?

I looked at the projected shortfall of SSI at the time of my retirement (estimated to be 25~30%). Then double the shortfall and assume I'll get at least that amount and it won't be retroactively reduced after my filing date. I think this approach is overly conservative and, thus, a safe enough for p...
by DVMResident
Tue Dec 16, 2014 7:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you factor entitlements into your investing plan?
Replies: 47
Views: 3395

Re: What are your 2015 Financial Goals?

1. Stay employed
2. Keep the rental occupied >11 months in 2015
3. Support DW getting her therapy licensee and finding a job (part-time most likely)
4. Max out pre-tax 401(k) plus a partial Mega Backdoor
5. 2 x IRAs
6. Vacation fund and use it!
by DVMResident
Tue Dec 16, 2014 4:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are your 2015 Financial Goals?
Replies: 79
Views: 4790

Re: What is your opinion about "tilting?"

by DVMResident » Thu Dec 11, 2014 6:30 pm leonard wrote: But, I don't think they actually take in to account whether they will really maintain the rebalancing involved. I really think they don't consider a less-financially-interested spouse one day being the portfolio manager. Thus, I think people ...
by DVMResident
Mon Dec 15, 2014 6:46 pm
 
Forum: Investing - Theory, News & General
Topic: What is your opinion about "tilting?"
Replies: 110
Views: 7248

Re: Rent or Buy a House with Newborn On the Way!

Having a baby is stressful.
House searching, purchasing, preparing the house to move-in, and finally moving in is stressful.
You probably won't feel up to painting walls when sleep deprived. If I was in your shoes, I'd keep renting.
by DVMResident
Sun Dec 14, 2014 2:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Rent or Buy a House with Newborn On the Way!
Replies: 11
Views: 1351

Re: What is your opinion about "tilting?"

But, I don't think they actually take in to account whether they will really maintain the rebalancing involved. I really think they don't consider a less-financially-interested spouse one day being the portfolio manager. Thus, I think people take on too much complexity - where a simple portfolio wo...
by DVMResident
Thu Dec 11, 2014 8:30 pm
 
Forum: Investing - Theory, News & General
Topic: What is your opinion about "tilting?"
Replies: 110
Views: 7248

Re: What is your opinion about "tilting?"

I voted for "I tilt, and I think everyone should. The edge is small but it's there, and it's not really that hard or that expensive to do it.", but I would add it's only worth doing if your investment time horizon is long. Tilting is by-far one of the least important aspects of investing, ...
by DVMResident
Thu Dec 11, 2014 12:10 am
 
Forum: Investing - Theory, News & General
Topic: What is your opinion about "tilting?"
Replies: 110
Views: 7248

Re: Why don't YOU follow Buffett's advice?

+1 on the size comments Buffett's assets can (should) last for generations to come. Buffett is worth >$60 billion. If his family spends $1 billion (!) per year, their withdrawal rate is only 1.6%. That withdrawal rate is so low it's basically bullet proof (even lower than Pfau's estimates ~2's% in t...
by DVMResident
Wed Dec 10, 2014 4:09 pm
 
Forum: Investing - Theory, News & General
Topic: Why don't YOU follow Buffett's advice?
Replies: 114
Views: 7877

Re: Have you ever been let go?

Was a grad student rotating (the grad school equivalent of a working interview) through in an academic labs. Asked to join the lab and PI liked me and agreed. Next quarter, our big grant (R01) was unexpectedly cut 20%, falling below the department rules of funding:number of grad students. Last one h...
by DVMResident
Tue Dec 09, 2014 12:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Have you ever been let go?
Replies: 74
Views: 5445

Re: Stock Buybacks???

Buying back stock pushes the price up. People issuing the buyback have a lot to gain from high prices. Much like us outside investors - don't we "have a lot to gain from high prices" as well. :?: You're over interrupting my post. My point was solely that long-term investors (like-Boglehea...
by DVMResident
Mon Dec 08, 2014 1:14 pm
 
Forum: Investing - Theory, News & General
Topic: Stock Buybacks???
Replies: 9
Views: 730

Re: Stock Buybacks???

Board members are often paid in deferred compensation in the form of... wait for it ...company stock. Buying back stock pushes the price up. People issuing the buyback have a lot to gain from high prices. The average term for a board member is a bit under 8 years (excluding family owned companies). ...
by DVMResident
Sun Dec 07, 2014 11:15 pm
 
Forum: Investing - Theory, News & General
Topic: Stock Buybacks???
Replies: 9
Views: 730

Re: 100% Equities: 1 or 2 funds?

Did you notice that 100% S&P500 underperforms a portfolio with some bond funds in it. Whenever I see somebody say they are going to go 100% equities, I wonder what they have been smoking since that practically guarantees doing worse than something else that's very easy to accomplish. +1 Vanguar...
by DVMResident
Fri Dec 05, 2014 6:08 pm
 
Forum: Investing - Theory, News & General
Topic: 100% Equities: 1 or 2 funds?
Replies: 26
Views: 1858

Re: Youngster talented in science and math

I love Science Daily . It covers a wide range of fields from biology to physics to engineering. The articles distill the information to a readable level for non-experts and link to the primary article if you have more interest. Great way to cover a lot ground and keep current. They don't have a prin...
by DVMResident
Fri Dec 05, 2014 2:25 am
 
Forum: Personal Consumer Issues
Topic: Youngster talented in science and math
Replies: 47
Views: 3273

Re: Why does Buffett like S&P not Total US Market?

They're basically the same thing: http://globalquote.morningstar.com/globalcomponent/GenerateFundChart.ashx?chart=quote&w=955&h=266&lan=en-US&reg=USA&tc=CU$$$$$USD&d=false&r=false&p=false&win=3&period=custom&range=1914-12-3|2014-12-3&cfg=scale:1|GF...
by DVMResident
Wed Dec 03, 2014 8:00 pm
 
Forum: Investing - Theory, News & General
Topic: Why does Buffett like S&P not Total US Market?
Replies: 29
Views: 2679

Re: student loans vs retirement accounts

I vote for the 401k for a 2 MD household for 2 reasons: (1) your taxes are high and the deduction is very vaulable (as explored above) (2) and in the very near future, you'll be aching for more tax advantaged space, and you'll be kicking yourself for missing the 2014/2015 space. When you're a >$300k...
by DVMResident
Thu Nov 27, 2014 7:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: student loans vs retirement accounts
Replies: 14
Views: 1746

Re: When do you feel comfortable financially to have kids?

For us, it was when I passed my specialty boards (pass rates in the 20's to 40's% depending on the year) and when DW had most of her loans paid off.
by DVMResident
Thu Nov 27, 2014 12:35 am
 
Forum: Personal Consumer Issues
Topic: When do you feel comfortable financially to have kids?
Replies: 59
Views: 4256

Re: How To Invest Your Emergency Fund?

1/2 checking account
1/2 in Muni fund
by DVMResident
Sun Nov 23, 2014 10:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: How To Invest Your Emergency Fund?
Replies: 97
Views: 14170

Re: Why finance research is often wrong - the jelly bean pro

The process of testing many factors and detecting a "significant" finding by chance is called "alpha inflation." This is a well recognized problem and should be controlled for in the statistical analytic stage (e.g. post-hoc Tukey tests, which reduces your significance cutoff by ...
by DVMResident
Fri Nov 21, 2014 12:16 pm
 
Forum: Investing - Theory, News & General
Topic: Why finance research is often wrong - the jelly bean problem
Replies: 262
Views: 21423

Re: When do your account returns dwarf your contributions?

It's taken me about 20-25 years. It is a little bit of a good news/bad news situation that when I run retirement projections the results don't seem seem to change very much based on contributions for the next 10-15 years. I noticed the same thing on my simulations. If you consider saving rate (%):y...
by DVMResident
Tue Nov 18, 2014 7:11 pm
 
Forum: Investing - Theory, News & General
Topic: When do your account returns dwarf your contributions?
Replies: 51
Views: 6851

Re: Is this career suicide? Jumping ship early

You can leave a company without burning bridges. But, when you give notice, be prepared to be walked out the door immediately. In this case you have a plausible reason, your wife and family connections, to say that it has nothing bad to do with your present company. If I left Company A, I would str...
by DVMResident
Sun Nov 09, 2014 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this career suicide? Jumping ship early
Replies: 13
Views: 3420

Re: Is this career suicide? Jumping ship early

Thanks Raymond. Good point. I'm using personal devices and e-mails addresses from home. I always assume there's no privacy on company devices.

Raymond wrote:Do not think that you can parlay your interest in Company B into more pay or whatever at Company A.


Yup, it would never work (not that it should).
by DVMResident
Sat Nov 08, 2014 8:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this career suicide? Jumping ship early
Replies: 13
Views: 3420

Is this career suicide? Jumping ship early

Writing to hear the forum's opinion on a possible job change. Current: Married (32, 35) with 1 kid (<1 year). Wife not working at the moment. Recently finished a DVM/PhD program. Hired on a Mega-corp (Company A) a <year ago. This meta-corp is a major employer in my specialty, but is prone to mass re...
by DVMResident
Sat Nov 08, 2014 8:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this career suicide? Jumping ship early
Replies: 13
Views: 3420

Re: AA...any other crazy 80/20 folks out there?

Age: 32 & 35
We're also at 80/20. We have set multiples of expenses that the AA becomes more conservative, regardless if it's on the back of bull market or through brute savings.
by DVMResident
Wed Nov 05, 2014 1:02 am
 
Forum: Investing - Help with Personal Investments
Topic: AA...any other crazy 80/20 folks out there?
Replies: 57
Views: 4961

Re: Jack Bogle on why your retirement plan stinks

The teacher annuities are the worst, I shudder to think what the all-in expenses are for school 403b plans. This always shocked me. My wife's 457 (not a teacher, but same plan as county teachers) was layer with fee after fee. After adding them all up, it was 2.3%* plus the fund ER (indexes in the 0...
by DVMResident
Fri Oct 31, 2014 4:31 pm
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle on why your retirement plan stinks
Replies: 14
Views: 2923

Re: Should I buy more REITs?

I hit my IPS bands to sell Some REITs a few weeks back.
I doubt your IPS says buy high.
Do you have an IPS?
If you're prone to tinkering or flying blind, my I suggest a single target date fund for your entire AA (no offense intended).
by DVMResident
Tue Oct 28, 2014 12:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I buy more REITs?
Replies: 45
Views: 5072

Re: "Jack Bogle on Warren Buffett, Bill Gross and How to Inv

The use of the S&P 500 is used for historical reasons, but the difference between the TSM and S&P500 are negligible.
by DVMResident
Fri Oct 24, 2014 4:03 pm
 
Forum: Investing - Theory, News & General
Topic: "Jack Bogle on Warren Buffett, Bill Gross and How to Invest"
Replies: 17
Views: 3137

Re: iPad Air 2 - 16 or 64 Gig?

Another vote for 64.
At 16, it won't take very long before your premium tech is feeling annoyingly limited.
by DVMResident
Wed Oct 22, 2014 12:27 pm
 
Forum: Personal Consumer Issues
Topic: iPad Air 2 - 16 or 64 Gig?
Replies: 42
Views: 3316

Re: Why include International Index in AA?

There's a couple of reasons: (1) The market-cap of the US and the rest of the world ("ex-US") is ~1:1. If you're going to tilt away from market-capitalization, you should have a good data set suggesting why you should and reasonable expectation that your rationale will continue to work. (2...
by DVMResident
Tue Oct 21, 2014 6:17 pm
 
Forum: Investing - Theory, News & General
Topic: Why include International Index in AA?
Replies: 39
Views: 2881

Re: Is it ever to late to invest

I'm not familiar with the UK social nets. Are you eligible for the UK's National Insurance? How does the income NI provides compare to your cost of living (£850/mo)? was thinking of investing from jan 2015 £600 a month into vanguard 60/40% lifestyle isa(tax free) Sounds like a great idea, a reasonab...
by DVMResident
Thu Oct 16, 2014 4:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: At my age is it ever to late to invest?( UK)
Replies: 13
Views: 1291

Re: U.S. stocks in freefall

ofcmetz wrote:Headed for another big down day. Gains for the year just about wiped out for US large caps. Anybody hitting their rebalance bands?

Hang in there everyone.


Yup! Just got Q3 match in company stock. Sold all and rebalanced into AA.
Lucky timing. Feeling great. Good time to buy.
by DVMResident
Wed Oct 15, 2014 11:49 am
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1038
Views: 182410

Re: How will we know if value-tilting has stopped working?

Market-price = fundamentals + speculation When speculation is negative (bearish), value investing believe the price is undervalued relative to the fundamentals (P/E, P/B, cash flow, etc) and purchases these shares. In other words, value investors are betting the speculators are wrong and overly bear...
by DVMResident
Tue Oct 14, 2014 1:36 pm
 
Forum: Investing - Theory, News & General
Topic: How will we know if value-tilting has stopped working?
Replies: 44
Views: 3164

Re: What are you up YTD?

YTD -2.5%

40 US/40 Int / 20 bond
EM and SCV tilt
by DVMResident
Mon Oct 13, 2014 11:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: What are you up YTD?
Replies: 213
Views: 18756

Re: advice on a surface pro 3

Also, the use as a tablet is less important ...I dont need 100% tablet use In this case, I would also consider the Thinkpad* Yoga with a Stylus. It leans much closer to traditional laptop with a secondary tablet function. *Thinkpad, not Ideapad. The branding is similar, but the Ideapad Yoga does no...
by DVMResident
Mon Oct 13, 2014 5:33 pm
 
Forum: Personal Consumer Issues
Topic: advice on a surface pro 3
Replies: 28
Views: 2936

Re: Why choose a LifeStrategy Fund?

My IPS stays at a fixed AA (within bands) until I hit certain multiples of spending levels-then shifts into more conservative AAs. My AA is not directly linked with age, but rater level of life-style supported by portfolio balance. This idea is take from Bernstein's "if you've won the game, why...
by DVMResident
Sat Oct 11, 2014 5:16 pm
 
Forum: Investing - Theory, News & General
Topic: Why choose a LifeStrategy Fund?
Replies: 41
Views: 3868

Re: Things that you will not spend money on and most people

Financial advice! Thank you, Bogleheads!

Status symbols including, but not limited to, expensive cars, jewelry, fancy clothes, a big house, and big hats 8-) (we need a big hat emoticon)
Also, anything "organic"
by DVMResident
Wed Oct 08, 2014 4:20 pm
 
Forum: Personal Consumer Issues
Topic: Things that you will not spend money on and most people do?
Replies: 78
Views: 4198

Re: 401k review - 39 female (Fidelity to Guardian)

Question: 1. Should I roll my Spartan funds into a Vanguard Target Retirement 2040 fund and call it a day? The VG Target Date products are great, simple, 1-stop-shop products. However, the names don't tell you what they contain. Let's look under the hood: The 2050 Target Date Fund holds 10% bonds. ...
by DVMResident
Tue Oct 07, 2014 12:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k review - 39 female (Fidelity to Guardian)
Replies: 19
Views: 1058

Re: 529 or not

2) Are loans really that bad for kids? What's a reasonable amount of loan for a college graduate (assuming she chose an "employable" field of study)? The rule of thumb is the maximum student loans payments that are manageable are 10-15% of your gross. At 15%, that's roughly 1x total debt ...
by DVMResident
Mon Oct 06, 2014 5:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: 529 or not
Replies: 38
Views: 4144

Re: confronting a coworker

Maybe a more formal schedule would eliminate "unfairness" of working holidays. In my clinical days, we had a pre-designated schedule days. The schedule was set years in advance. If someone left and a new person was hired, the new hire got the shift of the person they replaced. Shifts could...
by DVMResident
Fri Oct 03, 2014 3:02 pm
 
Forum: Personal Consumer Issues
Topic: confronting a coworker
Replies: 44
Views: 3684

Re: Windows 10 Preview Installed?

The preview is meant for testing and gaining early feedback. It is not intended as a functional OS. In the video, MS suggests this preview version be installed on a secondary PC.
by DVMResident
Fri Oct 03, 2014 10:31 am
 
Forum: Personal Consumer Issues
Topic: Windows 10 Preview Installed?
Replies: 20
Views: 1685

Re: Best place to park my emergency funds

We do this: -2 months "cushion" in our primary checking account -4 months in a muni-bond fund Simple. iBonds are a good choice, though you have $10k per SS number per year limit and the iBonds are not liquid for 12 months after purchase. You could ladder into the iBonds in 6 month interval...
by DVMResident
Thu Oct 02, 2014 8:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best place to park my emergency funds
Replies: 16
Views: 1981

Re: Is my husband a spendthrift? Or I a tightwad?

I'm in the same boat as you: I'm the cheap one and my wife likes to enjoy the fruits of her labors. We agree on saving goals. We hit the targets and then split the remainder (different accounts). I invest most of my half. I don't ask what she does with her half. Don't want money to be an issue and ...
by DVMResident
Wed Oct 01, 2014 12:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Is my husband a spendthrift? Or I a tightwad?
Replies: 198
Views: 16886

Re: Is my husband a spendthrift? Or I a tightwad?

Figure out how much is "enough" to save to reach your goals. You guys do agree on goals, right? Then spend the rest on whatever makes you happy. ^ This. If you're saving 20% for retirement, have a 6 month ER fund, and are meeting other savings goals, spend the rest. Saved money is just st...
by DVMResident
Tue Sep 30, 2014 9:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is my husband a spendthrift? Or I a tightwad?
Replies: 198
Views: 16886

Re: Too many houses?

Houses 1-3 are all in the same city. I'm not alarmed by the RE weighting; but the concentration is concerning. What is the economic driver in your city? Is heavily dependent on a single industry? Like a military base or manufacturing. Or is it a dynamic, robust, and diverse large city serving multi...
by DVMResident
Fri Sep 26, 2014 9:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Too many houses?
Replies: 23
Views: 3805

Re: POLL: Would you rather work half as long or half as ofte

Vote #2. I worked in science and the time would give me time to follow the journals, come up with novel and more impact experiments, running fewer but more impactful experiments, and actually write some articles that are on the back burner. I would actually prefer a reverse #1.... have money and fun...
by DVMResident
Thu Sep 25, 2014 11:15 am
 
Forum: Personal Consumer Issues
Topic: POLL: Would you rather work half as long or half as often?
Replies: 68
Views: 4495

Re: First Time Home Buyer dilemma in SoCal

I forgot to mention in my previous post: we purchased a house with a mother-in-law unit and rented it out. PIT minus rental income was $1465/mo (accounting for taxes on additional rental income), which was/is dramatically less than the cost of a 2-bedroom apartment (in 2012, 2 bedroom apartment was ...
by DVMResident
Tue Sep 23, 2014 11:46 am
 
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer dilemma in SoCal
Replies: 38
Views: 3697

Re: First Time Home Buyer dilemma in SoCal

Hi shukaistudio11, I was born and raised in the areas you're looking at. We purchased in Culver City in 2012. We could not afford our place today, just 2 years later. I'll echo what kenyan and JMacDonald said: -The recent appreciation is unsustainable. It's been nuts. This mini-boom is being driven ...
by DVMResident
Mon Sep 22, 2014 6:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer dilemma in SoCal
Replies: 38
Views: 3697

Re: Rental Property - Still a Good Investment?

+1 to what sdsailing said: don't keep a rental that is negative cash flow.
by DVMResident
Sun Sep 21, 2014 12:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Rental Property - Still a Good Investment?
Replies: 31
Views: 3855

Re: Why is there no mutual fund that truly behaves like rent

There were some closed-end REITS in the Los Angeles doing this with single family homes with the exception they purchased with cash.
Never looked too much into the details.
by DVMResident
Fri Sep 19, 2014 11:16 pm
 
Forum: Investing - Theory, News & General
Topic: Why is there no mutual fund that truly behaves like rental?
Replies: 36
Views: 3214

Re: Mega-ROTH or taxable account

My plan for this year is as follows: For 1st 6 months max out Roth IRA and 401K and leave enough in 401K remaining to receive the company match over the 2nd half of year For 2nd half - contribute max to 401K post tax. I will perform 2 in plan conversions as my plan allows 2 in service transfers per...
by DVMResident
Thu Sep 18, 2014 12:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mega-ROTH or taxable account
Replies: 8
Views: 1157
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