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by HomerJ
Wed May 27, 2015 11:17 am
Forum: Investing - Help with Personal Investments
Topic: I know you hate Whole Life Insurance
Replies: 24
Views: 1873

Re: I know you hate Whole Life Insurance

Should I be considering more whole life as tax efficient estate planning vehicle? Whole life usually gets sold as "tax efficient". But there are plenty of tax-efficient products you can use in a taxable account. Stock index funds, tax-efficient funds, Municipal Bonds, I-bonds, etc. A stoc...
by HomerJ
Wed May 27, 2015 10:11 am
Forum: Personal Consumer Issues
Topic: Once in a life time trip.
Replies: 108
Views: 4840

Re: Once in a life time trip.

Hi ktd, isn't there a contradiction between saving $20,000 for a vacation and your desire to pay for college? We won’t be able to pay for our kid’s college. [...] They will be 18 in 15 years. We won’t be able to save that much for college in 15 years. https://www.bogleheads.org/forum/viewtopic.php?...
by HomerJ
Tue May 26, 2015 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance as college saving
Replies: 13
Views: 683

Re: Life insurance as college saving

I think you are doing OK on saving for college. Remember that if you are saving $6K per year, then you will also have $6K/year while they are in college in addition to any savings you have built up. Good point, and that's assuming no raises between now and then. And the last 2 years of the youngest...
by HomerJ
Tue May 26, 2015 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance as college saving
Replies: 13
Views: 683

Re: Life insurance as college saving

Life insurance is not an investment. What salesman told you it was? If you think you need to save more, then save more. We have life insurance just through employer. We do not have any other term or whole life insurance. You may want to look into getting term life to protect each other and the kids ...
by HomerJ
Tue May 26, 2015 1:28 pm
Forum: Personal Consumer Issues
Topic: Once in a life time trip.
Replies: 108
Views: 4840

Re: Once in a life time trip.

Caribbean cruise on one of the kid-friendly cruise lines is absolutely a slam-dunk idea for a pair of 8-year olds.

They will remember that forever.

If you want to teach them something about culture and the world, wait until they are older.
by HomerJ
Tue May 26, 2015 1:20 pm
Forum: Personal Consumer Issues
Topic: Once in a life time trip.
Replies: 108
Views: 4840

Re: Once in a life time trip.

FullYellowJacket wrote:The world is a very large and beautiful place.


Traveling the world also takes time and money.

Is it strange to you that these are limited resources for many human beings?
by HomerJ
Tue May 26, 2015 1:14 pm
Forum: Personal Consumer Issues
Topic: Once in a life time trip.
Replies: 108
Views: 4840

Re: Once in a life time trip.

Can someone explain to me the concept of a "trip of a lifetime"? Do people only plan on leaving the country once their entire lives? It seems so strange to me. I think it's more about the first big trip where you spend a lot of money.... For us, we refer to our 15 day European cruise wher...
by HomerJ
Tue May 26, 2015 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life or term life?
Replies: 33
Views: 2531

Re: Whole life or term life?

Life insurance isn't necessary for everybody and especially not to retirement age... He has a 5 year old! If he's retired, then they must have enough money right now to pay for him, his wife, and his 5-year old child... If he dies, there's no change... if they have enough money saved for all 3 of t...
by HomerJ
Tue May 26, 2015 12:44 pm
Forum: Personal Consumer Issues
Topic: Once in a life time trip.
Replies: 108
Views: 4840

Re: Once in a life time trip.

dgdevil wrote:North Korea is a good idea.


Heh, and if they get kidnapped as "enemies of the state", then it really will be a "lifetime trip", I mean "trip of a lifetime"
by HomerJ
Tue May 26, 2015 12:41 pm
Forum: Personal Consumer Issues
Topic: Once in a life time trip.
Replies: 108
Views: 4840

Re: Once in a life time trip.

I would suggest a cruise ship... Carnavel or Disney have lots of fun stuff to do on-board for 8-year olds, plus food is easy, and you still have the ports-of-call for a little variety and a chance for them to see a different country.
by HomerJ
Tue May 26, 2015 12:38 pm
Forum: Personal Consumer Issues
Topic: Once in a life time trip.
Replies: 108
Views: 4840

Re: Once in a life time trip.

I think that 8 yo is too young to appreciate the trip of a lifetime (unless the trip of a lifetime is for you). They will tire easily and not be able to appreciate local cuisine what they are experiencing. If the trip is for them do Orlando. If it is for you, they will be happy as long as the food ...
by HomerJ
Sun May 24, 2015 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: A different way of calculating when to retire
Replies: 26
Views: 2555

Re: A different way of calculating when to retire

SanDiegoFIRE wrote:Penny pinching in retirement seems like more of a drag than working an incremental amount of time and guaranteeing not having to do so.


I don't think many of us here are planning on quitting when we hit 25x cat food, living in a box expenses.
by HomerJ
Sun May 24, 2015 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: A different way of calculating when to retire
Replies: 26
Views: 2555

Re: A different way of calculating when to retire

You said you want to keep working to increase your level of spending in retirement. First off, there's no evidence that spending more would definitely make you happier. And while many people decide to retire when their BS bucket is full - my wife decided to retire in early 2016 when our good friend...
by HomerJ
Sun May 24, 2015 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: A different way of calculating when to retire
Replies: 26
Views: 2555

Re: A different way of calculating when to retire

This has led me to question whether I will ever know when to call it quits: will I just keep working one (or two or five) more years because of what my high income can generate in terms of improved quality of life, and subsequently increase expenses (even if for 'good things') along the way? Nothin...
by HomerJ
Fri May 22, 2015 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: please confirm: early retirement
Replies: 90
Views: 7216

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: 90
Views: 7216

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: 1658

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: 2694

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: 2694

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: 8652

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: 6361

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: 8652

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: 8652

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: 8652

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: 8652

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: 8652

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: 8652

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: 2806

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: 3675

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: 2806

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: 9188

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: 9188

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: 6682

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: 165
Views: 19663

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: 2006

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: 2987

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: 2287

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: 5814

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: 12567

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: 9831

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: 9831

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: 9831

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: 9304

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: 9831

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: 9831

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: 9831

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: 9831

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: 8014

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: 5629

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. :)

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