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by HomerJ
Fri May 22, 2015 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: please confirm: early retirement
Replies: 42
Views: 2093

Re: please confirm: early retirement

I think living on a gross annual income of about $70,000 (inflation adjusted) for a couple for about 20 years in your 50s and 60s is pretty tight and uncomfortable. I would probably not have the discipline and end up spending down more of my portfolio and just hope the financial markets cooperate. ...
by HomerJ
Fri May 22, 2015 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: please confirm: early retirement
Replies: 42
Views: 2093

Re: please confirm: early retirement

How much saved for college? I have a son in college and next year's cost is $62,000 at a very good engineering school. My younger son is 14, near your child's age and I'm figuring $75k a year by the time he goes. its great that you can afford that much tuition, but no one needs to pay that much for...
by HomerJ
Wed May 20, 2015 8:54 pm
Forum: Personal Consumer Issues
Topic: A trip to Disney World - What are the best days during Christmas time?
Replies: 33
Views: 1576

Re: A trip to Disney World - What are the best days during Christmas time?

I've been a couple of times... Thanksgiving week wasn't too bad, especially the day of Thanksgiving...
by HomerJ
Wed May 20, 2015 1:22 pm
Forum: Personal Consumer Issues
Topic: How should drivers react to bicycle riders on one lane roads?
Replies: 68
Views: 2644

Re: How should drivers react to bicycle riders on one lane roads?

(The real culprits are the clueless walkers who have zero situational awareness.) You spend a couple of hours dodging oblivious walkers, dogs on and off leashes, and children on foot and on bicycle--not to mention deer, squirrels, and birds--and you can get frustrated. Since cars are supposed to to...
by HomerJ
Wed May 20, 2015 12:38 pm
Forum: Personal Consumer Issues
Topic: How should drivers react to bicycle riders on one lane roads?
Replies: 68
Views: 2644

Re: How should drivers react to bicycle riders on one lane roads?

adamthesmythe wrote:The double line is there because there is insufficient visibility to pass a car. Bicycles are usually a fair bit slower than cars. You need less visibility to pass. If in my judgement there is enough visibility I would pass.


This.
by HomerJ
Mon May 18, 2015 7:40 pm
Forum: Personal Consumer Issues
Topic: How much can I spend on a car?
Replies: 157
Views: 8472

Re: How much can I spend on a car?

You are thinking about leasing a luxury car for 2-3 years at a cost of $10-15k. At the end of that time, you have no car. If you buy a $15k Accord now, in 3 years you have an Accord worth $12k that is still running great. This! Do not LEASE a car... That's just throwing money away. You don't HAVE t...
by HomerJ
Fri May 15, 2015 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Am I a Millionaire???
Replies: 53
Views: 6315

Re: Am I a Millionaire???

alex_686 wrote:why do you care if you are a millionaire or not?


I think most of the people on this board would rather be a millionaire instead of not. Ergo, we all care.
by HomerJ
Thu May 14, 2015 7:45 pm
Forum: Personal Consumer Issues
Topic: How much can I spend on a car?
Replies: 157
Views: 8472

Re: How much can I spend on a car?

never mind
by HomerJ
Thu May 14, 2015 7:41 pm
Forum: Personal Consumer Issues
Topic: How much can I spend on a car?
Replies: 157
Views: 8472

Re: How much can I spend on a car?

Rather disheartening to read everyone passing judgement on not only this kid, but his parents. He wasn't asking for advice on living at home or moving out, I feel that making comments about how his parents would feel is rather inappropriate. Just my two cents. I have no problem with him living at h...
by HomerJ
Thu May 14, 2015 12:46 pm
Forum: Personal Consumer Issues
Topic: How much can I spend on a car?
Replies: 157
Views: 8472

Re: How much can I spend on a car?

Seriously this guy can buy a ton of cars and still be a boglehead. He is taking home 4k+/month and spending 700 bucks. That is living well below your means. Taking home 4k/month and spending 2k/month (i.e. 1300 bucks on some car) is still living well below your means. The boglehead philosphily isn'...
by HomerJ
Thu May 14, 2015 12:43 pm
Forum: Personal Consumer Issues
Topic: How much can I spend on a car?
Replies: 157
Views: 8472

Re: How much can I spend on a car?

If I were you, I'd be looking at a slightly used Honda Civic for less than $20K. Hell, I'm considering trading in my Mercedes for one in the not so distant future. Not happening Jimbo, there is no way you can go back now, it's just not possible. Which is a good reason to NOT buy an expensive car at...
by HomerJ
Thu May 14, 2015 12:38 pm
Forum: Personal Consumer Issues
Topic: How much can I spend on a car?
Replies: 157
Views: 8472

Re: How much can I spend on a car?

You are 25 yo man, you need to get the car which will get you some female fun. Honestely, live your life right now get a Porsche or BMW and enjoy. Drive cheap used cars later. It won't mean as much or be as useful to your social life when you can easily buy it a 50 believe me. I met my wife when I ...
by HomerJ
Thu May 14, 2015 12:33 pm
Forum: Personal Consumer Issues
Topic: How much can I spend on a car?
Replies: 157
Views: 8472

Re: How much can I spend on a car?

Now that you know a little more about my situation. How much do you think I should spend? I was also wondering is this a good time to splurge or not? Tell me what a boglehead would do. Splurging on a car at 25 is a huge waste of money in my opinion... You want a good dependable car, and then save h...
by HomerJ
Thu May 14, 2015 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring in your 40's
Replies: 21
Views: 2780

Re: Retiring in your 40's

I retired a few months before I turned 40. Here are my simplified steps. 1. Saved enough in retirement accounts to fund retirement. Since most of mine is in tax advantaged accounts, I plan to use the 72(t) method to access the money when I start withdrawing to avoid paying a tax penalty. Not many p...
by HomerJ
Thu May 14, 2015 10:58 am
Forum: Investing - Theory, News & General
Topic: Your Safety Net
Replies: 31
Views: 3598

Re: Your Safety Net

I will also use those bond funds to rebalance into equity funds if equity funds tank and get out of balance with respect to my desired asset allocation. That is, I will sell these bond funds in order to buy more equity funds. I will not freeze like the proverbial deer in the headlights and do nothi...
by HomerJ
Thu May 14, 2015 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Retiring in your 40's
Replies: 21
Views: 2780

Re: Retiring in your 40's

Philociraptor wrote:Filling out all tax-advantaged accounts (2 401(k)'s + 2 IRA's = $47,000) before we spend anything (good investing sense)


How are you going to access that money if you retire in your late 30s, early 40s?
by HomerJ
Wed May 13, 2015 11:23 am
Forum: Personal Consumer Issues
Topic: I Hate Vacations
Replies: 113
Views: 9101

Re: I Hate Vacations

Texanbybirth wrote:I've read in a few places that planning vacations is actually a destressor in itself.


I believe this... My wife LOVES to plan out our next big vacation... She's really good at it too...
by HomerJ
Wed May 13, 2015 10:46 am
Forum: Personal Consumer Issues
Topic: I Hate Vacations
Replies: 113
Views: 9101

Re: I Hate Vacations

I don't hate vacations but I agree with some of the OP's comments. I find vacations fun but exhausting most of the time. Me too... My favorite vacations are just going to a Mexico or Caribbean resort, and doing nothing... We spent our last vacation renting this house in Cabo with our family (sister...
by HomerJ
Wed May 13, 2015 10:12 am
Forum: Investing - Theory, News & General
Topic: International - Who really is at 40%
Replies: 93
Views: 6611

Re: International - Who really is at 40%

15% of my Stock portfolio is International But Stocks only make up 50% of my total portfolio (I'm 50/50 stocks/bonds), so only 7.5% of my total portfolio is in International stocks. But like others have said, I think most of the big companies I own in the Total Stock Market Index are international c...
by HomerJ
Tue May 12, 2015 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 130
Views: 14645

Re: much ado about coasting (through life)

The best advice I could give you is to do active things while you are young because they don't get easier. If you want to travel around the world or ride a bicycle from Alaska to Patagonia, do it now. You can always do it again later if you want to, but there are things you can do now that you migh...
by HomerJ
Mon May 11, 2015 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Variable Annuity
Replies: 24
Views: 1997

Re: Vanguard Variable Annuity

But with no earned income coming in from next year, my tax deferred contributions would be none, which urges me to get the annuity. There are plenty of tax-efficient funds that one can use in a taxable account. Municipal Bonds can be tax-free, even in a taxable account.. I-bonds can be tax-deferred...
by HomerJ
Mon May 11, 2015 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Advisor: buy a nicer home pre-retirement
Replies: 31
Views: 2971

Re: Advisor: buy a nicer home pre-retirement

Besides- even if you win and the house increases in value- what are you going to do- sell it? Then where do you live? This. If I have to sell my home or mortgage my home in retirement to get at the money, then my retirement planning FAILED. Having my "final" house appreciate in value does...
by HomerJ
Mon May 11, 2015 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Retirement in 2 years?
Replies: 16
Views: 2274

Re: Retirement in 2 years?

If your expenses are correct, it looks good to me...

How hard would it be to get some part-time work if things go bad? Your expenses are so low, even doing tax-planning for H&R Block part-time for 4 months (in the winter!) would probably get you $10k+, which is a decent chunk of your expenses.
by HomerJ
Sun May 10, 2015 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Philosophies of frugality.
Replies: 60
Views: 5783

Re: Philosophies of frugality.

enjoying ourselves [for example] in our 30's may be more enjoying than in our 50's. It's not that hard... If you're saving a good amount, and still have some left over, you can spend it. You don't have to save every last cent. I submit however, that spending money when you've got plenty of money is...
by HomerJ
Sun May 10, 2015 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Frugality Reinforced - The Millionaire Next Door
Replies: 84
Views: 12507

Re: Frugality Reinforced - The Millionaire Next Door

I now live on 50000 a year and work part time at 62, I know I could live off my investment making about 100000 a year. I do see a lot of my friends that laugh at me for saving still going to work while I'm drinking coffee in the mornings Why do you still go to work? Something you enjoy? Nothing bet...
by HomerJ
Sun May 10, 2015 12:46 am
Forum: Personal Finance (Not Investing)
Topic: New Math for Retirees and the 4% Withdrawal Rule
Replies: 89
Views: 9748

Re: New Math for Retirees and the 4% Withdrawal Rule

trueblueky wrote:I put plugged 90-year-old male with $100,000 into immediateannuities.com and it said $1594/month.


19%.... nice.
by HomerJ
Sun May 10, 2015 12:45 am
Forum: Personal Finance (Not Investing)
Topic: New Math for Retirees and the 4% Withdrawal Rule
Replies: 89
Views: 9748

Re: New Math for Retirees and the 4% Withdrawal Rule

One thing these studies do not address, insofar as I can tell, is how to "calculate" a SWR for folks who defer touching their stock/bond portfolios until age 85 or thereabouts. Well, that's because no one who waits until 85 to pull money out should even worry about withdrawal rates... Spe...
by HomerJ
Sat May 09, 2015 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: New Math for Retirees and the 4% Withdrawal Rule
Replies: 89
Views: 9748

Re: New Math for Retirees and the 4% Withdrawal Rule

One thing these studies do not address, insofar as I can tell, is how to "calculate" a SWR for folks who defer touching their stock/bond portfolios until age 85 or thereabouts. Well, that's because no one who waits until 85 to pull money out should even worry about withdrawal rates... Spe...
by HomerJ
Sat May 09, 2015 6:48 pm
Forum: Personal Consumer Issues
Topic: Will you buy self-driving car?
Replies: 235
Views: 9148

Re: Will you buy self-driving car?

No. I would not trust it. With software of any size, there are always potential bugs as not every path through the software can be tested. It's one thing if a program crashes when you try to do A, then B, then C, because that was never tested, but all you have to do is restart the program. And do a...
by HomerJ
Sat May 09, 2015 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: New Math for Retirees and the 4% Withdrawal Rule
Replies: 89
Views: 9748

Re: New Math for Retirees and the 4% Withdrawal Rule

2% is probably safe. 6% probably isn't. Any plan is safer if you cut back in bad times than if you go on blindly spending by the rule. But we knew all that already. My point is that 4% is already accounting for "worst case"... Just like you said, 4% wasn't generated from the good times in...
by HomerJ
Sat May 09, 2015 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: New Math for Retirees and the 4% Withdrawal Rule
Replies: 89
Views: 9748

Re: New Math for Retirees and the 4% Withdrawal Rule

The financial and economic outlook in the U.S. in 2015 is not just worse than 1994, it is worse than any previous time in recorded U.S. financial history since 1870. Worse than the Long Depression of 1873-96, Panic of 1907, Great Depression of 1929-1945, Great Recession of 2008-2009, worse than any...
by HomerJ
Sat May 09, 2015 11:30 am
Forum: Personal Finance (Not Investing)
Topic: New Math for Retirees and the 4% Withdrawal Rule
Replies: 89
Views: 9748

Re: NYT article on 4% retirement

The financial and economic outlook in the U.S. in 2015 is not just worse than 1994, it is worse than any previous time in recorded U.S. financial history since 1870. Worse than the Long Depression of 1873-96, Panic of 1907, Great Depression of 1929-1945, Great Recession of 2008-2009, worse than any...
by HomerJ
Sat May 09, 2015 11:27 am
Forum: Personal Finance (Not Investing)
Topic: New Math for Retirees and the 4% Withdrawal Rule
Replies: 89
Views: 9748

Re: New Math for Retirees and the 4% Withdrawal Rule

NY Times article: http://www.nytimes.com/2015/05/09/your-money/some-new-math-for-the-4-percent-retirement-rule.html?hp&action=click&pgtype=Homepage&module=second-column-region&region=top-news&WT.nav=top-news&_r=0 “Because interest rates are so low now, while stock markets ar...
by HomerJ
Fri May 08, 2015 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: move to cash for upcoming bear market?
Replies: 68
Views: 7943

Re: move to cash for upcoming bear market?

My portfolio is 60% bonds/40% stocks.... Even with my conservative asset allocation, a large stock market correction will erase more of my portfolio than I'm willing to lose! Then you shouldn't be 60/40 bonds/stocks... Pick an AA assuming that a 50% bear will start tomorrow. Sell to your sleeping p...
by HomerJ
Fri May 08, 2015 11:18 pm
Forum: Investing - Theory, News & General
Topic: If you worry about a correction, you shouldn't own stocks
Replies: 50
Views: 5588

Re: If you worry about a correction, you shouldn't own stocks

pkcrafter wrote:stemikger wrote:
Great discussion. I always enjoy reading what smart people have to say. I'm 60/40 at 40 which I believe that is my SWAN AA.

60/40 is your Goldilocks AA. Not too risky, not to safe, but just right--or close enough :happy

Paul


I like 50/50 because then I'm never wrong. :)
by HomerJ
Fri May 08, 2015 11:36 am
Forum: Personal Finance (Not Investing)
Topic: What are the Pro's and Con's of Retiring in Amarillo, TX
Replies: 89
Views: 5405

Re: What are the Pro's and Con's of Retiring in Amarillo, TX

The Wizard wrote:You get free steak dinners at The Big Texan, provided you're really hungry...


Heh, I tried that once, when driving through Amarillo back in my 20s... Failed miserably.
by HomerJ
Fri May 08, 2015 11:10 am
Forum: Investing - Theory, News & General
Topic: If you worry about a correction, you shouldn't own stocks
Replies: 50
Views: 5588

Re: If you worry about a correction, you shouldn't own stocks

One should ALWAYS hold an Asset Allocation with the assumption in mind that today stocks could start a 50% bear market. Always assume that is about to happen... (of course we also assume the market will recover someday, although it may take some time - don't count on it always recovering in 2 years)...
by HomerJ
Thu May 07, 2015 12:26 am
Forum: Investing - Help with Personal Investments
Topic: move to cash for upcoming bear market?
Replies: 68
Views: 7943

Re: move to cash for upcoming bear market?

I rode through the 07' bear market hanging on to my investments, and frankly - I don't get why everybody is saying don't sell. Because not selling means you don't have to make two right calls. It took about 1.5 years to recover to prior levels. Why not sell now, hold the cash, wait for the low and ...
by HomerJ
Thu May 07, 2015 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Easy careers to last me to retirement?
Replies: 141
Views: 16994

Re: What job to get to coast to Retirement at age 59 1/2?

You could also do tax preparation for 4 months a year...

H&R Block has classes for their preparers in the fall, and then you could work January-April...

Doesn't pay that much, but you'd get your spring and summer and most of your fall off.
by HomerJ
Thu May 07, 2015 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Easy careers to last me to retirement?
Replies: 141
Views: 16994

Re: What job to get to coast to Retirement at age 59 1/2?

I believe you have some IT skills...

Maybe look for a datacenter job where you can work part-time or the night shift monitoring servers?
by HomerJ
Wed May 06, 2015 3:39 pm
Forum: Investing - Theory, News & General
Topic: 1929 was a great year to buy stocks
Replies: 92
Views: 5054

Re: 1929 was a great year to buy stocks

But any time between Nov, 1929 and the end of WWII was an even better time to buy stocks, as was most of the 1970s. You're not getting the point... People post here constantly about being fearful of buying at the top of the market... Many people trot out PE10 charts to show how the markets are over...
by HomerJ
Wed May 06, 2015 2:58 pm
Forum: Investing - Theory, News & General
Topic: 1929 was a great year to buy stocks
Replies: 92
Views: 5054

Re: 1929 was a great year to buy stocks

But any time between Nov, 1929 and the end of WWII was an even better time to buy stocks, as was most of the 1970s. You're not getting the point... People post here constantly about being fearful of buying at the top of the market... Many people trot out PE10 charts to show how the markets are over...
by HomerJ
Wed May 06, 2015 2:55 pm
Forum: Investing - Theory, News & General
Topic: 1929 was a great year to buy stocks
Replies: 92
Views: 5054

Re: 1929 was a great year to buy stocks

letsgobobby wrote:That's great if you have 30 years to wait.


Aren't you 40-something?
by HomerJ
Wed May 06, 2015 1:30 pm
Forum: Investing - Theory, News & General
Topic: Gross: stockbug alert, future investment returns will be miniscule
Replies: 67
Views: 5525

Re: Gross: stockbug alert, future investment returns will be miniscule

The market is near all-time highs and from what I read in various articles, there are a lot of people who seem very worried about this. You get the feeling that people are ready to jump off bridges! This certainly isn't the euphoria that I saw in 1999 and early 2000. Maynard F. Speer said, "We...
by HomerJ
Wed May 06, 2015 12:56 pm
Forum: Investing - Theory, News & General
Topic: Gross: stockbug alert, future investment returns will be miniscule
Replies: 67
Views: 5525

Re: Gross: stockbug alert, future investment returns will be miniscule

Whoops. Your Shiller PE10 chart is out of date. It now stands at 27.34, higher than it's ever been except before the unpleasantry in 1929 and the latter 1990s. But we know from many authoritative sources that "this time is different", so not to worry. So far, it's never been different. An...
by HomerJ
Wed May 06, 2015 12:19 pm
Forum: Investing - Theory, News & General
Topic: Gross: stockbug alert, future investment returns will be miniscule
Replies: 67
Views: 5525

Re: Gross: stockbug alert, future investment returns will be miniscule

I think we've all gotten spoiled by investment returns over the last 35 years. Even with the fall-downs in 2000 and 2008, if you held on and kept the faith you ended up getting rewarded. Investment returns over the last 100 years you mean. It's hard to envision a decade or multi-decade future of me...
by HomerJ
Tue May 05, 2015 9:51 pm
Forum: Personal Consumer Issues
Topic: What happens if you violate an HOA?
Replies: 35
Views: 3402

Re: What happens if you violate an HOA?

What do you mean by "amenities"? It's not clear that this is beneficial at all. Neighborhood pool, playground, etc. We have a lake in our subdivision... HOA keeps it stocked with fish, and clean, and makes sure the fountains in the lake work (to keep from having stagnant water). We have a...
by HomerJ
Tue May 05, 2015 4:35 pm
Forum: Personal Consumer Issues
Topic: What happens if you violate an HOA?
Replies: 35
Views: 3402

Re: What happens if you violate an HOA?

That HOA is currently in the process of putting a house up for auction for nonpayment of dues and fines. Huh? The HOA owns the house? I don't think I'd ever buy a house with an HOA. I don't want a governing group telling me what I can and can't do on my own property. No thanks. Do you live in a cit...
by HomerJ
Tue May 05, 2015 4:33 pm
Forum: Personal Consumer Issues
Topic: What happens if you violate an HOA?
Replies: 35
Views: 3402

Re: What happens if you violate an HOA?

I don't think I'd ever buy a house with an HOA. I don't want a governing group telling me what I can and can't do on my own property. No thanks. There are two kinds of people in the country, those who like HOAs and those who don't. I also am in the latter. How many articles does one have to read ab...

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