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Re: A Low-Return Future? Are We Prepared?

Some of the conservative views have been shaped by watching family members grow older and need full time care or be a burden on the rest of the family. Sadly this seems to be all too common, I'm watching it happen to my grandparents now. Some people are saving not just for their retirement but to m...
by MnD
Tue Sep 02, 2014 1:11 am
 
Forum: Investing - Theory, News & General
Topic: A Low-Return Future? Are We Prepared?
Replies: 166
Views: 9614

Re: A Low-Return Future? Are We Prepared?

There are a number of ways around lower returns, all of which requires some level of sacrifice: save more, lower your expectations of what retirement may look like, work longer, reduce consumption now. Doing none of the above and everything is on track (well above expectations actually). With conse...
by MnD
Mon Sep 01, 2014 4:55 pm
 
Forum: Investing - Theory, News & General
Topic: A Low-Return Future? Are We Prepared?
Replies: 166
Views: 9614

Re: How to become a millionaire retiree -- then and now

With expected investment returns being much lower going forward from 2014, those who are beginning their retirement savings now and planning on retiring as millionaires in 30 years might want to start socking away even more than that in stocks. Another fortune teller on the "much lower" i...
by MnD
Sun Aug 31, 2014 10:49 pm
 
Forum: Investing - Theory, News & General
Topic: How to become a millionaire retiree -- then and now
Replies: 60
Views: 6513

Re: Good place to buy eyeglasses without insurance?

Costco is an excellent place to get good glasses inexpensively. My glasses are bifocals with UV and scratch coatings in titanium frames. The total cost was about $190. My family has bought several pairs over the years and we have always been happy with them. Jeff I compared high quality and complex...
by MnD
Sat Aug 30, 2014 10:16 pm
 
Forum: Personal Consumer Issues
Topic: Good place to buy eyeglasses without insurance?
Replies: 39
Views: 2403

Re: Poor Janus, a look at this once high flying fund family

the company I worked for in 2000 had this for my 401k. it's intl fund killed me :( I spent hours talking to one of their 401-K salespersons on a long flight during the go-go years for Janus. Everything she talked about how she and her company were benefiting, nothing about the investors. Her territ...
by MnD
Sat Aug 30, 2014 10:19 am
 
Forum: Investing - Theory, News & General
Topic: Poor Janus, a look at this once high flying fund family
Replies: 60
Views: 5718

Re: Is it me, or are "collectibles" worthless in 2014?

Downsizing boomers are dumping their "collectibles" and subsequent generations have no interest in accumulating that junk.
by MnD
Sun Aug 24, 2014 12:45 am
 
Forum: Personal Consumer Issues
Topic: Is it me, or are "collectibles" worthless in 2014?
Replies: 79
Views: 6013

Re: Vanguard eliminates fee on FTSE All-World ex-US Small-Ca

Ask yourselves If EM continues to underperform developed over the next five years and this fund underperform its peer group will you be able to stay the course? Of course. Asset class sub-categories take turns leading and lagging. I want the broadest index possible to avoid missing the boat when a ...
by MnD
Sat Aug 16, 2014 3:04 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard eliminates fee on FTSE All-World ex-US Small-Cap
Replies: 35
Views: 5155

Re: Why would a passive investor use ETFs?

You don't generally get to pick the sponsor or funds offered in 401-K plans but if they offer a brokerage subaccount, you can use ETF's to buy exactly the type of low-cost index funds you want including Vanguard ones at no or minimal commission. Regular Vanguard Funds are often expensive to buy in a...
by MnD
Fri Aug 15, 2014 12:20 pm
 
Forum: Investing - Theory, News & General
Topic: Why would a passive investor use ETFs?
Replies: 60
Views: 3720

Re: Lifestyle Creep

We set our savings rate based on our long-term plans and current income. That comes out first and automatically. We spend the rest like drunken sailors. As long as item one gets done, I relish in lifestyle creep or better yet, bounce or jump. :mrgreen: We like spending on experiences and experts doi...
by MnD
Fri Aug 15, 2014 12:04 pm
 
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 22
Views: 2647

Re: Retirement luxury vehicle

A loaded Venza is pretty luxurious and just the right seat height for older people to get in and out of. Very comfortable and solid feeling. We drove one recently and my thought was, if I was 15 years older (65ish) this would be the vehicle for me. $30k is not a luxury vehicle budget and people who ...
by MnD
Thu Aug 14, 2014 11:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4484

Re: Do you diversify into international bond?

I'm gradually accumulating Dodge and Cox Global Bond Fund (mostly corporate US and international bonds including emerging markets) paired with the US government bond fund in the federal employee retirement plan (G Fund). I believe this combination will outperform US Total Bond Market Fund with great...
by MnD
Thu Aug 14, 2014 12:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you diversify into international bond?
Replies: 33
Views: 2224

Re: Why is Bank of America so hated?

4. The worst online security I've ever seen. The address on my Fidelity AMEX (managed by BoA aka "FIA Card Services") account was changed suddenly. BoA said it was done online by somebody that had access to my login credential (highly unlikely because of reasons I will not share) but they...
by MnD
Wed Aug 13, 2014 5:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why is Bank of America so hated?
Replies: 43
Views: 2420

Re: Why is Bank of America so hated?

When BOA took over the Schwab 2% back credit card accounts, they made it impossible to refuse their new card with the lousy cash-back terms. When I got the very first letter informing me of the upcoming change (several weeks out from issuing the new BOA card) I called same day and told them I did no...
by MnD
Wed Aug 13, 2014 5:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why is Bank of America so hated?
Replies: 43
Views: 2420

Re: More on Computer Security

No. In 33 years I've had about 5 fraudulent charge card attempts. Three were completed for a loss to the CC company or retailer for about $200 total and I was out nothing. I've had three checks never clear my bank account for a a gain to me of around $300, despite the fact that they were deposited a...
by MnD
Tue Aug 12, 2014 3:45 pm
 
Forum: Personal Consumer Issues
Topic: More on Computer Security
Replies: 17
Views: 1621

Re: Most Hated Brokerage Firm?

Fido. After the hassle they gave me rolling my GM 401K over to a non-Fidelity IRA I'll never do business with them. Oh great. We have to do that soon. (Fidelity 401-K to Schwab IRA) :( We recently had some very bad customer service experiences with Fidelity with some "not my job" type cus...
by MnD
Tue Aug 12, 2014 3:29 pm
 
Forum: Investing - Theory, News & General
Topic: Most Hated Brokerage Firm? [or one that you love]
Replies: 74
Views: 7368

Re: POLL: My home is worth less/more in 2014 than in 2007?

Based on a couple of sales in our small 1950's subdivision the last couple of months including the house next door +40 to +45%. It's nuts here in "emerging popular" parts of Denver metro, and we never had the real estate bubble like in most parts of the country. First day listing bidding w...
by MnD
Tue Aug 12, 2014 2:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: My home is worth less/more in 2014 than in 2007?
Replies: 94
Views: 5732

Re: Going 60+% international? (US resident)

North America includes Canada and Mexico, which is part of international. I believe 60% ex-US is approximately correct. https://personal.vanguard.com/us/funds/snapshot?FundId=3141&FundIntExt=INT#tab=2 Go down the page farther and you'll see the by-country breakdown. 60% ex-US is not correct if ...
by MnD
Mon Aug 11, 2014 11:49 pm
 
Forum: Investing - Theory, News & General
Topic: Going 60+% international? (US resident)
Replies: 83
Views: 5956

Re: Dave Ramsey still defending 12% and still angry at "nerd

Fidelity Growth Company Fund as of 7/31/2014
1yr 17.17%
3yr 16.07%
5yr 19.01%
10yr 11.48%
31.5 years 13.18% (since inception)
https://fundresearch.fidelity.com/mutua ... /316200104
by MnD
Mon Aug 11, 2014 2:53 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22535

Re: Dave Ramsey still defending 12% and still angry at "nerd

The numbers are completely unrealistic.Regardless of the good he's done with debt, the 12% claim and 8% claim are totally deceptive and irresponsible. I don't see how anyone can come to a different conclusion. The Dave defense is sort of like claiming Clyde Barrow was a good man except for robbing ...
by MnD
Sun Aug 10, 2014 6:32 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22535

Re: Fear of Disclosing Net Worth

I use an account integrator service at Fidelity so they know everything. Also at Schwab because I use their portfolio tools that include outside accounts. Also at a third-party web-based service. I've never had any direct investment solicitations from them or any other entities. We get a few "p...
by MnD
Sun Aug 10, 2014 3:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fear of Disclosing Net Worth
Replies: 60
Views: 8129

Re: Going 60+% international? (US resident)

Cap weighting on a 60/40 equity/bond portfolio would give you c. 30% in foreign equities, which is about where, historically, one has reached the most efficient frontier of domestic v. foreign assets in terms of volatility-return tradeoffs. Exactly. 50:50 isn't a big position in international overa...
by MnD
Sun Aug 10, 2014 10:01 am
 
Forum: Investing - Theory, News & General
Topic: Going 60+% international? (US resident)
Replies: 83
Views: 5956

Re: Public not saving for retirement

Oh well..............
That's means millions and millions of people in whatever age demographic you are in won't be able to compete with you on price when in retirement.
If everyone were Bogleheads the price of the post-employment good life would go through the roof.
by MnD
Thu Aug 07, 2014 8:52 pm
 
Forum: Investing - Theory, News & General
Topic: Public not saving for retirement
Replies: 24
Views: 3555

Re: Dave Ramsey still defending 12% and still angry at "nerd

Clark Howard is much more Bogleheadish. Debtaholics and others that need a radio personality to tell them what to do should listen to Dave until they get their high interest consumer debt paid off and then switch to Clark for far better investment advice. He promotes low cost index funds and a much ...
by MnD
Mon Aug 04, 2014 9:41 am
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22535

Re: Dave Ramsey still defending 12% and still angry at "nerd

if the average Dave Ramsey listener was reading some threads here about using 0% real return going forward and 1.8% SWR they very well might jump off a cliff. So maybe a little bit of excess optimism isn't such a bad thing for folks getting out of a huge debt pile, vowing "never again" and...
by MnD
Sat Aug 02, 2014 2:08 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22535

Re: Dave Ramsey still defending 12% and still angry at "nerd

American Funds Washington Mutual A goes back to 7/31/1952, or 62 years. So that could be his "sixty-seventy years." And it has had a 12.01% proper "average" (CAGR) total return before expenses, 11.91% after sales charge. Dodge and Cox Stock Fund 11.39% for 49 years if I pressed ...
by MnD
Sat Aug 02, 2014 1:21 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22535

Re: How many families use 529 plans?

YES! Every now and then I meet someone who "gamed" the system and got help with their bills that they didn't deserve. Then I tell myself that for every one of those, there are 100 whose game playing didn't work and whose kids will be represented in NYT articles about crushing debt loads t...
by MnD
Sat Aug 02, 2014 12:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: How many families use 529 plans?
Replies: 107
Views: 6568

Re: Economic Recovery

It's a boom town here in every aspect (jobs, construction, home values, spending, new cars, overall economic activity). Everything seems to be above the level of the last peak 2007ish. The possible exception is the small percentage of non-retirement eligible age people that lost jobs years ago, went...
by MnD
Sat Aug 02, 2014 11:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Economic Recovery
Replies: 10
Views: 1269

Re: How many families use 529 plans?

We saved enough for the two overlap years for one kid in ESA's and 529's. An unexpected trip to private high school for two years that cost as much as State U for one of them pretty much wiped that out. So now we pay for both out of cash flow. Around each October I total up what I spent on two in co...
by MnD
Sat Aug 02, 2014 11:16 am
 
Forum: Personal Finance (Not Investing)
Topic: How many families use 529 plans?
Replies: 107
Views: 6568

Re: Kroger for Gasoline

I know several parents who have teen kids that "steal" their Kroger discounts by entering the home phone number when they fill up. :mrgreen:
.
by MnD
Fri Aug 01, 2014 12:42 pm
 
Forum: Personal Consumer Issues
Topic: Kroger for Gasoline
Replies: 31
Views: 2170

Re: Quick question on Credit Card Interest

Thx for the replies. I called them and figured it out. Essentially I'm paying off the prior months purchases so buying stuff in august won't incur me interest I have all cards set to set to autopay the statement balance in full on the due date. Never pay a penny in interest and never pay anything &...
by MnD
Fri Aug 01, 2014 8:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Quick question on Credit Card Interest
Replies: 10
Views: 923

Re: Kroger for Gasoline

Costco is always priced under Kroger in our part of town. We also get the 4% off with the Costco Amex, but that works at Kroger also. We usually accumulate about 40-cents off per gallon at Kroger which would make Kroger cheaper for one fill, but about 1/2 the time forget to use them and they expire....
by MnD
Fri Aug 01, 2014 8:18 am
 
Forum: Personal Consumer Issues
Topic: Kroger for Gasoline
Replies: 31
Views: 2170

Re: Tracking Credit Score

We use Quizzle. Free VantageScore and updated Equifax report every six months and they email when the updates are ready. It has a lot of formatting and menus opposed to a "long printout" approach to the report that you have to slog through. The "cost" are ads on the site for loan...
by MnD
Fri Aug 01, 2014 8:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Tracking Credit Score
Replies: 19
Views: 1207

Re: Dumb 3rd grade math question about beach house rental

Lesson learned: The involved parties should have agreed on how to split the cost before the rental. Similarly with a dinner check. Not really and not applicable. We rented the beachouse before we had anyone contacted to split. I knew we would have no problem finding people to share it with us and w...
by MnD
Thu Jul 31, 2014 11:33 am
 
Forum: Personal Consumer Issues
Topic: Dumb 3rd grade math question about beach house rental
Replies: 61
Views: 5010

Re: Dumb 3rd grade math question about beach house rental

It's $1,000 a night. So for the nights there are 2 couples, each pays $500/night. For the nights there are 3 couples, each pays $333.33. So couple 3 pays 8 * $333.33 = 2666.64 The others pay 8 * $333.33 + 2*$500 = 3666.64 This was my initial idea and this is what I did send end up sending out as th...
by MnD
Wed Jul 30, 2014 10:06 pm
 
Forum: Personal Consumer Issues
Topic: Dumb 3rd grade math question about beach house rental
Replies: 61
Views: 5010

Re: Principal Residence = Poor Investment?

When you are renting a home the investment-owner does not perform the maintenance, pay the taxes insurance etc. as charitable acts to your benefit. Those costs are part of the rent. Real estate has significant costs period and you can't escape them by renting or hold them up to "prove" tha...
by MnD
Wed Jul 30, 2014 6:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Principal Residence = Poor Investment?
Replies: 70
Views: 5308

Re: Principal Residence = Poor Investment?

My house is kind of like my coin collection. Worth a lot more than I paid for it I enjoy owning it, a pretty good store of value but not nearly as good an investment as the stock market. I'm liking my payment nowadays for 2500 SF and 1/2 acre of leafy green privacy. I couldn't rent a dumpy small apa...
by MnD
Wed Jul 30, 2014 12:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Principal Residence = Poor Investment?
Replies: 70
Views: 5308

Re: Does severance pay reduce or relace unemployment benefit

Severance pay is one area where states have broad options. As noted, in Minnesota (as in Colorado) severance pay delays the receipt of benefits. This is not true for all states. Note: In the states that delay the receipt of unemployment benefits, the law does not affect the total value of potential...
by MnD
Wed Jul 30, 2014 12:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does severance pay reduce or relace unemployment benefits?
Replies: 52
Views: 3291

Re: Dodge & Cox - Global Bond Fund on the way

It seems as if the Dodge & Cox Global Bond Fund, DODLX, is a completely different kind of beast from Vanguard Total International Bond Fund, VTIBX. It may turn out to be more exciting than VTIBX but I don't think it's going to be a thrill ride. I've had it at Schwab for about a month and I'm no...
by MnD
Tue Jul 29, 2014 2:22 pm
 
Forum: Investing - Theory, News & General
Topic: Dodge & Cox - Global Bond Fund on the way
Replies: 43
Views: 5870

Re: Possibility of getting sued - what steps to take

Just contacting your own insurance with an "incident" report can raise your rates.
I would not contact your insurance unless the pirate or an agent of his actually initiates a claim of liability against you.
by MnD
Mon Jul 28, 2014 6:50 pm
 
Forum: Personal Consumer Issues
Topic: Possibility of getting sued - what steps to take
Replies: 25
Views: 3924

Re: Do any boggleheads invest in individual companies?

Yes, when I feel I have some sort of expert industry/technical information about a company _and_ the company checks out well otherwise. Also when a distressed company has obscure types of securities held by unsophisticated investors in the panic sell mode. An examples of the former is CREE. Two exam...
by MnD
Mon Jul 28, 2014 1:19 pm
 
Forum: Investing - Theory, News & General
Topic: Do any boggleheads invest in individual companies?
Replies: 95
Views: 5766

Re: Does severance pay reduce or relace unemployment benefit

Thank you Flobes! This is exactly the situation right down to the details you provided in your initial post that my spouse is in and the same payout form (bi-weekly for X weeks). So given you (as does she) had a separation agreement waiving rights with compensation terms stated in the agreement, did...
by MnD
Mon Jul 28, 2014 12:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does severance pay reduce or relace unemployment benefits?
Replies: 52
Views: 3291

Re: Does severance pay reduce or relace unemployment benefit

You could have gotten this information long ago if you had mentioned Colorado in your first post. Most bogleheads know that when they want to learn about income taxes in their state, they don't go to the IRS. Answers to questions about a specific state are state specific. There are two reasons post...
by MnD
Mon Jul 28, 2014 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does severance pay reduce or relace unemployment benefits?
Replies: 52
Views: 3291

Re: Does severance pay reduce or relace unemployment benefit

Sorry - I don't stay glued to Bogleheads all day believe it or not. It's Colorado. Looks like Arizona has made it clear that severance pay delays UI benefits whether or not a release of claims contract is involved. http://blogs.hrhero.com/hrnews/2014/07/09/new-arizona-law-outlaws-double-dipping-unem...
by MnD
Sun Jul 27, 2014 12:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does severance pay reduce or relace unemployment benefits?
Replies: 52
Views: 3291

Re: Does severance pay reduce or relace unemployment benefit

The more I read from various sources the more I think _not_ declaring periodic post-separation payments (refereed to in the separation agreement as severance pay) as severance pay when collecting UI benefits due to the agreement is skating on thin ice. "Usual and customary payroll deductions wi...
by MnD
Sun Jul 27, 2014 10:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Does severance pay reduce or relace unemployment benefits?
Replies: 52
Views: 3291

Re: Does severance pay reduce or relace unemployment benefit

You should make sure that it is technically severance that she is receiving. Some companies make you sign paperwork waving your right to sue for wrongful termination and/or reaffirm your non-compete/NDA/non-dsiparagement clause. If the company makes her "severance" contingent upon signing...
by MnD
Sun Jul 27, 2014 1:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Does severance pay reduce or relace unemployment benefits?
Replies: 52
Views: 3291

Re: Does severance pay reduce or relace unemployment benefit

She loses her health coverage 7/31 (which also covers the kids) so we had 5 days to figure something out.
Our HR said her loss of coverage was a qualifying event to make an immediate change in my coverage from self to family.
So Monday we are all on my insurance. Whew........
by MnD
Sat Jul 26, 2014 9:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Does severance pay reduce or relace unemployment benefits?
Replies: 52
Views: 3291

Re: Does severance pay reduce or relace unemployment benefit

She was hired around the times of the first hint of the Great Recession after staying home with kids for many years. Very lucky timing as just a few months later top notch pros in her area were looking for anything. Laid off (company is going down the tubes due to very specific reasons) in a very st...
by MnD
Fri Jul 25, 2014 9:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does severance pay reduce or relace unemployment benefits?
Replies: 52
Views: 3291

Does severance pay reduce or relace unemployment benefits?

My wife was laid off today and granted 7 weeks of severance pay at her current salary paid bi-weekly. I went to the State unemployment claim web site and they indicated..... Vacation, Severance, Pension or 401(k) If you received vacation, severance, pension, 401(k), or some other form of payment fro...
by MnD
Fri Jul 25, 2014 7:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does severance pay reduce or relace unemployment benefits?
Replies: 52
Views: 3291

Re: Dumb 3rd grade math question about beach house rental

I was thinking 8 nights split three ways and two night split 2 ways.
($333.3 X 8) + ($500 X 2) = $3667
($333.3 X 8) + ($500 X 2) = $3667
$333.3 X 8= $2666
by MnD
Wed Jul 23, 2014 1:44 am
 
Forum: Personal Consumer Issues
Topic: Dumb 3rd grade math question about beach house rental
Replies: 61
Views: 5010

Re: Dumb 3rd grade math question about beach house rental

CFOKevin wrote:10/28 + 10/28 +8/28 = $10,000

you can take it from there

I'm sure you are right that it will be a third each, after discussion.

Kevin


10/28 times $10K comes out a little bit different $3571 versus $3667. Is that how your formula would be applied?
by MnD
Wed Jul 23, 2014 1:21 am
 
Forum: Personal Consumer Issues
Topic: Dumb 3rd grade math question about beach house rental
Replies: 61
Views: 5010
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