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Re: Live Now, Live Later?

Maybe I am reading your post incorrectly, but as I read it you can stop work today and still make $150K/yr without tapping any investment or retirement accounts and your house is paid for. Is that correct? You still have to worry about inflation on the $150K but that is what investments are for. It ...
by Raybo
Thu Apr 17, 2014 1:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Live Now, Live Later?
Replies: 24
Views: 1116

Re: Where are the Opportunities now ?

HelloImAMac wrote:thoughts ?


Don't try to guess where the next "opportunities" are.
by Raybo
Thu Apr 17, 2014 12:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where are the Opportunities now ?
Replies: 21
Views: 822

Re: Draft email to investment advisor re outperforming Total

First off, why is the S&P 500 your benchmark? Do you only hold Large Cap US stocks? If not, than the S&P 500 isn't a good benchmark for you. A better measure would be one that contained the appropriate benchmarks for the percentages you have of Large, Mid, and Small cap stocks plus any inter...
by Raybo
Thu Apr 17, 2014 12:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Draft email to investment advisor re outperforming Total Mar
Replies: 15
Views: 862

Re: quick confirmation of last minute tax question, please?

What's your other option? Report the $7K, pay taxes and then request a refund? The worst case is that you get a letter from the IRS demanding money. You write them a letter saying the 1099R was incorrect, why that is the case, document it, and you're done. In both of these cases, you'll have to have...
by Raybo
Mon Apr 14, 2014 8:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: quick confirmation of last minute tax question, please?
Replies: 4
Views: 272

Re: What does "invest in the market mean"

Mutual funds (people who aggregate other investor's money into pools and invest it for them) charge a fee to manage the money they are given to invest. The more they have, the more they make. Thus, mutual fund companies have to convince people to give them money to invest. Now, why should I give som...
by Raybo
Mon Apr 14, 2014 11:18 am
 
Forum: Investing - Help with Personal Investments
Topic: What does "invest in the market mean"
Replies: 11
Views: 866

Re: Need Ear Bud Recommendation

I do a lot of bike riding and listen to both music and audio books while riding. I used to use the flat ear buds that came with my iPhone. But, they didn't fit into my ears very well and I had the same wind noise problem you do. I tried acoustic conduction (through the bones near the ear) headphones...
by Raybo
Mon Apr 14, 2014 10:45 am
 
Forum: Personal Consumer Issues
Topic: Need Ear Bud Recommendation
Replies: 9
Views: 678

Re: Wasting money on rent or buy in California

The unit is small less than 700 square feet 2 bedrooms 1 bath. We have 2 kids one of each. My kids have never shared a room before. We are currently living in over 3000 square feet house so this is a huge adjustment for us. My parents did something similar when I was a kid, relocating and jamming m...
by Raybo
Mon Apr 14, 2014 12:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Wasting money on rent or buy in California
Replies: 20
Views: 2186

Re: Woodpeckers...I'm desperate!

How about mounting a metal backed piece of wood over the area where the bird pecks? That way he can peck holes to his hearts delight and not damage the side of your house. I am assuming the metal will stop him. It might not look good (can paint it to look like the rest of the house), but it might so...
by Raybo
Sat Apr 12, 2014 8:25 pm
 
Forum: Personal Consumer Issues
Topic: Woodpeckers...I'm desperate!
Replies: 52
Views: 3312

Re: Car recommendations - Mazda6, accord, Prius

My wife and I had an Accord for years, maxing out at just over 40 MPG on a trip from SF to LA, though usually ending up in the mid-30s on the highway. In November, 2013, we bought a Prius after testing out several cars (all-electric, hybrid, gas only). The main problem with the Prius is its sight li...
by Raybo
Tue Apr 08, 2014 12:44 pm
 
Forum: Personal Consumer Issues
Topic: Car recommendations - Mazda6, accord, Prius
Replies: 23
Views: 1727

Re: Tax Freedom Day later this year

I didn't owe any taxes for 2013, so I guess Jan. 1 was it for me.
by Raybo
Tue Apr 08, 2014 10:49 am
 
Forum: Investing - Theory, News & General
Topic: Tax Freedom Day later this year
Replies: 5
Views: 586

Re: Liability Matching Portfoloio

As I understand Liability Matching, it is to cover expenses NOT covered by Social Security and Pensions. If I understand your post correctly (IIUYPC?), your Social Security and Pension payments cover your expenses. If so, than what liabilities do you have that need to be matched? If you Pension isn'...
by Raybo
Fri Apr 04, 2014 12:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Liability Matching Portfoloio
Replies: 15
Views: 857

Re: Going from S-Corp to Sole Proprietor

It's been a long time since I thought about this. But, I went from a C Corp to Sole Proprietorship (SP) many years ago (think Reagan Tax "cuts"). As a sole proprietor: 1. Will I be required to pay myself a W2 wage as I am currently as the owner of an S-Corp? (i.e. do I need to keep my payr...
by Raybo
Fri Apr 04, 2014 12:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Going from S-Corp to Sole Proprietor
Replies: 7
Views: 644

Re: New Friends are the Anti-Bogleheads, what to do?

I agree that, unless they ask, keep away from talking finances.

On the other hand, I'd enjoy the toys these people have!
by Raybo
Sun Mar 30, 2014 12:20 am
 
Forum: Personal Finance (Not Investing)
Topic: New Friends are the Anti-Bogleheads, what to do?
Replies: 93
Views: 8308

Re: Things to do in and around Boulder, CO

If you're ready to plan a several-day driving loop (specify 1,2,3+ days), I will expand those recommendations. I have left MANY things off this list. Again, a little more detail can help narrow suggestions - because there are a bunch. I've been here on my own since my teen years and don't really tr...
by Raybo
Sat Mar 29, 2014 9:34 pm
 
Forum: Personal Consumer Issues
Topic: Things to do in and around Boulder, CO
Replies: 16
Views: 835

Re: Things to do in and around Boulder, CO

If you can give more details about your stay I can give much more detail about where to go, i.e.; will meetings last all day every day and end at 5 p.m., or meetings for 3 days allowing for a driving tour, or meetings till noon. What is your radius (miles/hours/minutes) with a car and will/can you ...
by Raybo
Sat Mar 29, 2014 8:28 pm
 
Forum: Personal Consumer Issues
Topic: Things to do in and around Boulder, CO
Replies: 16
Views: 835

Re: How long to cash out IBond from treasurydirect

I have both an on-line bank and have cashed IBonds at Treasury Direct. They both took the same amount of time: 2 days.
by Raybo
Sat Mar 29, 2014 7:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: How long to cash out IBond from treasurydirect
Replies: 2
Views: 398

Things to do in and around Boulder, CO

My wife has a board meeting in Boulder in mid-May and I will be accompanying her there. While she is in meetings, I will likely do some local biking, hiking, and/or bus to Denver for some culture. After the meetings, we are looking for some places to (drive to) and hike or sightsee. She isn't a bike...
by Raybo
Sat Mar 29, 2014 7:27 pm
 
Forum: Personal Consumer Issues
Topic: Things to do in and around Boulder, CO
Replies: 16
Views: 835

Re: Retired one month, now what?

You say you lost a lot of money in 2000. This is either because a) you invested in companies that went broke or b) you sold at the bottom and didn't put anything back in until the market had recovered. If you can't maintain money in stock investments when they go down, you probably shouldn't be inve...
by Raybo
Thu Mar 27, 2014 8:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retired one month, now what?
Replies: 25
Views: 4639

Re: Bernstein on TIPS ladder vs TIPS fund

Yes, but don't you agree that with interest rates so low, that this is the worst time to set up such a ladder? If the purpose of such a ladder is to offset "known" costs at a future date without worrying about inflation, then what do low interest rates have to do with it? Even if the &quo...
by Raybo
Thu Mar 27, 2014 5:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bernstein on TIPS ladder vs TIPS fund
Replies: 25
Views: 2131

Re: Buying first home in SF - gut check

Your property tax will be close to $20k/year. While that shouldn't be a problem now, it may be a burden as you get older and closer to retirement. You can't pay off property tax. It is there every year. Otherwise, you're right, San Francisco is crazy. If it is an older home, check out its earthquake...
by Raybo
Wed Mar 26, 2014 1:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying first home in SF - gut check
Replies: 87
Views: 7040

Re: Open a Second Location...?

It is hard to offer an opinion without knowing something about the business. You say it is retail, but not if you have employees. If you have no employees now, will a second location require them? If so, the second location isn't "free" of management overhead. Also, why are you expanding? ...
by Raybo
Mon Mar 24, 2014 5:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Open a Second Location...?
Replies: 4
Views: 688

Re: Help me settle a debate -- Risk in Retirement

You don't say what you want to do with the $3 million after you and your wife pass. Do you want to maximize your spending, your legacy, or be super-secure in your dotage? Seems to me that each possible investment option has reasons based on what you see as the main purpose of your asset pile. Sorry,...
by Raybo
Fri Mar 21, 2014 11:46 am
 
Forum: Investing - Theory, News & General
Topic: Help me settle a debate -- Risk in Retirement
Replies: 61
Views: 4214

Re: Did you retire in your 30s?

No. I retired in my late-40s. I don't know if my answers fit your requirements, but here goes: When I first retired, I told people who asked what I did that I was retired. It virtually always killed the conversation as the other person usually started ruminating on how they wouldn't be able to retir...
by Raybo
Thu Mar 13, 2014 8:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did you retire in your 30s?
Replies: 55
Views: 5294

Re: William Bernstein-When you've won the game, why keep pla

I have 2%! Do I hear 1.9%? Going, going, gone... Larry talks about the marginal utility of wealth. What about the marginal utility of time? Is retirement only about not running out of money? Surely, there is some trade-off between having enough money in case something far worse than has happened in ...
by Raybo
Thu Mar 13, 2014 12:51 pm
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 241
Views: 24587

Re: New callable CD offering

In the book "The Big Short" by Michael Lewis, a fund manager (who ended up making big money on credit defaults of sub-prime mortgages) never liked buying bonds from Goldman Sachs salesmen because he always knew he was getting the short end of the stick but he didn't know how. Once he'd bou...
by Raybo
Wed Mar 12, 2014 6:15 pm
 
Forum: Investing - Theory, News & General
Topic: New callable CD offering
Replies: 18
Views: 1269

Re: Why is index investing better considering these funds

Comparing index funds to managed funds is very hard unless you have confidence that both funds are holding the same types of stocks. An obvious example is comparing a short-term bond index fund against a managed long-term bond fund. Since these funds hold different kinds of investments, it is meanin...
by Raybo
Tue Mar 11, 2014 10:25 pm
 
Forum: Investing - Theory, News & General
Topic: Why is index investing better considering these funds
Replies: 23
Views: 3024

Re: Where is the market heading?

The market will fluctuate -- J.P. Morgan
by Raybo
Sat Mar 08, 2014 12:52 pm
 
Forum: Investing - Theory, News & General
Topic: Where is the market heading?
Replies: 28
Views: 1454

Re: Wealthfront - worth 25 basis points??

Are you rebalancing now? If not, and you feel this is a good thing to do, then go with them. While 25BPs won't kill you, on a $1 million portfolio, it is $2,500. So, it depends on how much you think the rebalancing bonus is. I do my own rebalancing and I make a transaction once or twice a year. For ...
by Raybo
Thu Mar 06, 2014 8:15 pm
 
Forum: Investing - Theory, News & General
Topic: Wealthfront - worth 25 basis points??
Replies: 11
Views: 809

Re: Bridging from Early Retirement to SS

I retired at 48 (I am now 62) and have funded my expenses using taxable investments. I sold my house in 2003 and used that boost to both invest and buy IBonds (when you could buy $40K/year). In 2008, I tax lost harvested big time and have been using those losses to cover the gains I've been selling ...
by Raybo
Thu Mar 06, 2014 8:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bridging from Early Retirement to SS
Replies: 9
Views: 1482

Re: California getaway

rixer wrote:Would that restaurant be El Palomar?


Bingo
by Raybo
Wed Mar 05, 2014 9:23 pm
 
Forum: Personal Consumer Issues
Topic: California getaway
Replies: 42
Views: 1369

Re: Do you have a favorite chocolate bar?

VictoriaF wrote:Is baker's dark chocolate a bar or a powder? I buy organic cacao powder.
Victoria


The powder is cacao. The unsweetened bar is baker's chocolate.
by Raybo
Wed Mar 05, 2014 7:00 pm
 
Forum: Personal Consumer Issues
Topic: Do you have a favorite chocolate bar?
Replies: 86
Views: 4043

Re: Do you have a favorite chocolate bar?

Thank you, but I don't want my chocolate to be sweetened at all. Bitterness is not a goal, it's a potential trade-off. Are there brands of chocolate that have no sweet taste? Victoria I'm not sure I understand your request. You want 100% chocolate? Such bars are available. Have you not tried them? ...
by Raybo
Wed Mar 05, 2014 6:29 pm
 
Forum: Personal Consumer Issues
Topic: Do you have a favorite chocolate bar?
Replies: 86
Views: 4043

Re: California getaway

As another suggestion, Santa Cruz might meet your needs. It is on the ocean, an hour's bus ride from the San Jose Airport, has a cute downtown, the best Mexican restaurant in California (in my opinion), a boardwalk/amusement park, lots of live music, and a seriously laid back attitude.
by Raybo
Wed Mar 05, 2014 6:25 pm
 
Forum: Personal Consumer Issues
Topic: California getaway
Replies: 42
Views: 1369

Re: California getaway

What about Alcatraz? As a reminder, I am a docent at Alcatraz and am happy to make appointments to take fellow bogleheads around "the rock" anytime someone can get there. You still have to buy your own tickets (http://www.alcatrazcruises.com), but once on the island, I can show you things...
by Raybo
Wed Mar 05, 2014 6:23 pm
 
Forum: Personal Consumer Issues
Topic: California getaway
Replies: 42
Views: 1369

Re: Do you have a favorite chocolate bar?

I like chocolate but don't eat carbs. Does anyone have recommendations for chocolate without sugar or artificial sweeteners? Bitterness is fine; I drink tea and coffee black. Victoria There is, at least, one bar that is "sweetened" with Stevia, a non-nutritive sweetener made from the leaf...
by Raybo
Wed Mar 05, 2014 6:19 pm
 
Forum: Personal Consumer Issues
Topic: Do you have a favorite chocolate bar?
Replies: 86
Views: 4043

Do you have a favorite chocolate bar?

While chocolate bar makers aren't as numerous as wine makers, there are hundreds of them all over the world. Though I don't drink wine, I have had a serious chocolate habit for decades and, these days, "limit" my consumption to 1 bar (100 grams or 3.5 oz) a day. I only like one kind of cho...
by Raybo
Wed Mar 05, 2014 12:33 pm
 
Forum: Personal Consumer Issues
Topic: Do you have a favorite chocolate bar?
Replies: 86
Views: 4043

Re: Yet another 4% article

I find it odd that people want to know how much they can take out versus how much they need to spend. I've been retired since 2000 and I've never wondered how much I could take out. I've used what I required to pay my bills and if I wanted to spend more (say vacation or major purchase), I subtracted...
by Raybo
Tue Mar 04, 2014 3:13 pm
 
Forum: Investing - Theory, News & General
Topic: Yet another 4% article
Replies: 12
Views: 1406

Re: Can you identify the view in this painting?

The view across Swiftcurrent lake in Many Glaicer: https://lh6.googleusercontent.com/-lSmL6_hzo2M/UgKI5Xm6B-I/AAAAAAAAFvA/hLZs_EPQE58/s800/IMG_1205.JPG Looking back and down to Lake Louise: https://lh5.googleusercontent.com/-VH7lQg5e8GM/UgKzFJMS0_I/AAAAAAAAHp4/gGCJNO-qhyA/s800/IMG_2171.JPG Both phot...
by Raybo
Tue Mar 04, 2014 12:09 pm
 
Forum: Personal Consumer Issues
Topic: Can you identify the view in this painting?
Replies: 8
Views: 1347

Re: How are retirees from 2000 doing today ?

I retired in 2000 at 48. I didn't find the Boglehead forum until after I retired (it was still at M* in those days). I had a WR in the 7% range and when I discovered that a paid off house and low expenses wouldn't sustain me, I began wondering what I might do. I lucked out (could have been luckier) ...
by Raybo
Sat Mar 01, 2014 10:41 pm
 
Forum: Investing - Theory, News & General
Topic: How are retirees from 2000 doing today ?
Replies: 30
Views: 3627

Re: Newbie wanting to be a DIY investor to escape Ameriprise

Laura has done an excellent job reviewing your portfolio and making suggestions. I'll only add that this So it looks like a lot of the funds we hold through Ameriprise have high fees but maybe the return is so also higher than normal therefore justifying the high fees. is not true and will likely ne...
by Raybo
Sat Mar 01, 2014 1:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie wanting to be a DIY investor to escape Ameriprise
Replies: 2
Views: 316

Re: Help: do Ameriprise suggestions seem correct?

You paid money for a plan and that plan includes all high expense mutual funds, likely all with serious loads. The likely reason Ameriprise wants you to pay for the plan is to get you psychologically committed to following through with it. Treat the $1800 as sunk costs and don't assume that an Ameri...
by Raybo
Fri Feb 28, 2014 3:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help: do Ameriprise suggestions seem correct?
Replies: 27
Views: 2498

Re: Best place to buy bike parts

I've never bought used bike parts and never will. I can't imagine buying a used bottom bracket or gears. I might try "unused" bike parts, say those someone took off a new bike and replaced with something else. I suggest biting the bullet and buying new. If the bike isn't worth $300 in part...
by Raybo
Fri Feb 21, 2014 8:30 pm
 
Forum: Personal Consumer Issues
Topic: Best place to buy bike parts
Replies: 22
Views: 1392

Re: What do you do with index funds when...

The current value of your stock investments are not relevant unless you need to sell today. The value is always changing. In fact, if you own stocks, you never really quite know your true net worth as you can only reliably value them when the market is closed. When it is open (the only time you can ...
by Raybo
Fri Feb 21, 2014 7:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: What do you do with index funds when...
Replies: 49
Views: 1779

Re: Economist covers Bogle's Arithmetic

In my experience, people make investment decisions based on lots of things but rarely is it because they understand or have run the numbers. Most people I know simply hand the decision off to someone else who "knows" more than they do and hope for the best (mediated by whatever their "...
by Raybo
Fri Feb 21, 2014 6:50 pm
 
Forum: Investing - Theory, News & General
Topic: Economist covers Bogle's Arithmetic
Replies: 13
Views: 1776

Re: Tools for developing PHP / MySQL-based data driven web s

How good is your JavaScript and CSS? While PHP can do the backend data gathering and serving, you still need JavaScript and CSS to do the data display on the browser. You should have no problem finding examples of backend programs that open the database, make a query of the database, and return a pa...
by Raybo
Thu Feb 20, 2014 11:48 am
 
Forum: Personal Consumer Issues
Topic: Tools for developing PHP / MySQL-based data driven web site?
Replies: 72
Views: 4461

Leaving a legacy?

Leaving money to heirs is an admirable goal, assuming you have some. But, not all of us have people we want/need to leave money for. This single fact makes a huge difference in financial planning. Given this, I decided to conduct a poll to see how many are basing their plans on having significant mo...
by Raybo
Fri Feb 14, 2014 2:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Leaving a legacy?
Replies: 21
Views: 1566

Re: Why Own Bonds at All?

There is a lot of talk about loss of "purchasing power" with bonds but nothing about inflation adjusted bonds. Loss of purchasing power, namely that inflation will outstrip the bond's interest payments and return of capital, can be (mostly) avoided by using inflation adjusted bonds like TI...
by Raybo
Sat Feb 08, 2014 12:32 pm
 
Forum: Investing - Theory, News & General
Topic: Why Own Bonds at All?
Replies: 492
Views: 28266

Re: If trading is a losing game, how do you explain prop fir

One angle is unequal amounts at risk. I see it like running a casino. The house has a much larger stake than any single bettor. If the game goes on long enough, the bettor will hit a bad streak and run out of money. The proprietary trading firms have huge bankrolls. If you are betting against them, ...
by Raybo
Fri Jan 24, 2014 8:51 pm
 
Forum: Investing - Theory, News & General
Topic: If trading is a losing game, how do you explain prop firms?
Replies: 38
Views: 2941

Re: SWRs/Expenditure multiples for longer retirement periods

Planning unknowns: Life expectancy Market returns Interest rates Inflation rate Health care costs and Long Term care Unexpected expenses You can only estimate sustainable withdrawal rates (SWR) if you can put numbers to the above values. That is assuming, of course, that your expenditures are knowab...
by Raybo
Wed Jan 15, 2014 10:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: SWRs/Expenditure multiples for longer retirement periods
Replies: 17
Views: 772
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