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Re: How to invest in retirement

Two and a half years ago I ditched my advisor who was taking 1% in addition to his 12b-1 kickbacks and switched to index funds. The money I save by not paying the high advisory fee's each and every year just from that one move pays for 3 months worth of living expenses. Each and every year! You wrot...
by Swampy
Sun Mar 29, 2015 5:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to invest in retirement
Replies: 13
Views: 1287

Re: "Are Index-Fund Investors Smarter?"

I think Index Fund investors are more frugal than the average investor. For a long time, I considered myself an above average investor, complete with a high wrap fee to show for it (ego had a lot to do with it). I finally figured out that by thinking I was above average I was getting below average r...
by Swampy
Sat Mar 28, 2015 2:46 pm
 
Forum: Investing - Theory, News & General
Topic: "Are Index-Fund Investors Smarter?"
Replies: 10
Views: 1338

Re: Rick Ferri's 30 year market forecast 2015

Long term, equities have returned about 10% and bonds about 5%. There is a reversion to the mean and I have been of similar mind with Ferri's prediction that returns, going forward, will be suboptimal...meaning equities at 6-7% and bonds at 2-3%. Having worked this into my retirement planning, I wo...
by Swampy
Sat Mar 28, 2015 12:22 pm
 
Forum: Investing - Theory, News & General
Topic: Rick Ferri's 30 year market forecast 2015
Replies: 120
Views: 10562

Re: Can you really know your AA until you've hit a bear mark

Taylor Larimore wrote: Hi Bogleheads: Our family owned "Larimore's Diner" in Foxboro, Mass. in 1929. When the depression hit, my parents lost the Diner and we moved to Miami into one of my grandfather's empty homes. My Grandfather, Christopher F. Coombs, was one of the three principals of ...
by Swampy
Sat Mar 28, 2015 7:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Can you really know your AA until you've hit a bear market?
Replies: 74
Views: 5172

Re: Doctor's office requires credit card on file

Cancel any appointment and just find another doctor.
by Swampy
Fri Mar 20, 2015 6:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Doctor's office requires credit card on file
Replies: 55
Views: 2955

Re: Trust Advice

Bump.
by Swampy
Fri Mar 20, 2015 6:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Trust Advice
Replies: 6
Views: 650

Trust Advice

While meeting with an attorney to get the family trust set up, we were asked to provide a contingency plan in case the entire family was wiped out, like in a plane crash. The closest biological relatives are my wife's siblings and I do not feel comfortable with that scenario at all. I have more dist...
by Swampy
Wed Mar 18, 2015 8:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trust Advice
Replies: 6
Views: 650

Re: One Level or Two Level House

I've had homes with one story and homes with two stories. Hands down, a single story ranch for me. Lots of big talk about the merit of stairs. I disagree. A walk in the neighborhood will work wonders and you won't have the obstacle course that stairs impune. Just try maneuvering stairs with crutches...
by Swampy
Tue Mar 17, 2015 3:44 pm
 
Forum: Personal Consumer Issues
Topic: One Level or Two Level House
Replies: 68
Views: 5642

Re: 23 year old investing advice after large settlement (500

My first thought is to make sure all the medical bills have been paid or will be paid...before anything else is even contemplated.
by Swampy
Tue Mar 17, 2015 3:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: 23 year old investing advice after large settlement (500k)
Replies: 10
Views: 1841

Re: Savannah

Be prepared to do a lot of walking, it'll be fun. Visit Fort Jackson and Fort Pulaski (named for Casimir Pulaski, KIA in Savannah 1779 and buried in Monterrey Square) on the short side trip to Tybee Island. The parks, squares and cemeteries are an utter treasure trove of history, including Forsyth ...
by Swampy
Mon Mar 16, 2015 6:42 pm
 
Forum: Personal Consumer Issues
Topic: Savannah
Replies: 25
Views: 2653

Re: Cruise.Com Bait and Switch Tactics

Great information so far. Yes, Taylor, Miami is a great cruise port. How did you enjoy your RTW cruises? Did you do the full circle or just a segment at a time? We're lucky to have so many port and cruise line choices in Florida. DonM17, do those shipboard credits apply if you own less than 100 shar...
by Swampy
Sun Mar 15, 2015 6:17 pm
 
Forum: Personal Consumer Issues
Topic: Cruise.Com Bait and Switch Tactics
Replies: 28
Views: 2949

Re: Cruise.Com Bait and Switch Tactics

Costco???

Wow, it would never have entered my mind to look there for a cruise.
by Swampy
Sun Mar 15, 2015 3:28 pm
 
Forum: Personal Consumer Issues
Topic: Cruise.Com Bait and Switch Tactics
Replies: 28
Views: 2949

Re: Retirement Issues: Life Expectancy

Life expectancy is a funny thing. It's inaccurate at best, genuinely misinformative at worst. Of the ancestors in my immediate family, each and every one lived (on average) at least 20% longer than the predicted life expectancy when they were born - except for several who died significantly younger...
by Swampy
Sun Mar 15, 2015 3:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement Issues: Life Expectancy
Replies: 24
Views: 2212

Cruise.Com Bait and Switch Tactics

I've been on a number of cruises over the years with a variety of cruise lines. The local paper always runs ads from Cruise.Com on Sundays. Over the last couple of years, I've phoned them at least half a dozen times for cruises that they advertised for a decent price. Amazingly, EACH AND EVERY TIME...
by Swampy
Sun Mar 15, 2015 2:52 pm
 
Forum: Personal Consumer Issues
Topic: Cruise.Com Bait and Switch Tactics
Replies: 28
Views: 2949

Re: If I Knew Then What I Know Now

The wisdom of experience is frequently lost on the young, falling more often than not on deaf ears. It's mind boggling how each and every generation literally has to re-invent the wheel. Precious few take advantage of this sage advice at a young age and go forward by implementing it. Those that do ...
by Swampy
Sun Mar 15, 2015 9:01 am
 
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 51
Views: 7377

Re: How to invest a large amount of cash?

I assume you have enough cash on hand for 6-12 months of emergency living reserves?

If not, then I strongly suggest a savings account not subject to market whims or upheavals before you even consider investing.
by Swampy
Sat Mar 14, 2015 3:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to invest a large amount of cash?
Replies: 10
Views: 1391

Re: Retirement Dreams on the Water

.....
by Swampy
Sat Mar 14, 2015 8:11 am
 
Forum: Personal Consumer Issues
Topic: Retirement Dreams on the Water
Replies: 17
Views: 2964

Re: Where to retire in New England?

New England???

:D

Maybe as a reverse snowbird from May through October.

Outside those months, any place in the U.S.A. south of 30 degrees north latitude and east of the Mississippi. :wink:
by Swampy
Wed Mar 11, 2015 6:38 pm
 
Forum: Personal Consumer Issues
Topic: Where to retire in New England?
Replies: 101
Views: 7528

Re: How to create a 3% return portfolio?

Given today's economic climate and portfolio return expectations/prognostications, I'm less optimistic than the numbers revealed on Vanguard's return chart. Going forward, I'm assuming a return of 6-7% for equities and 1.5-2% for bonds over then next decade or two, instead of 10.2% for equities and...
by Swampy
Tue Mar 10, 2015 5:58 am
 
Forum: Investing - Help with Personal Investments
Topic: How to create a 3% return portfolio?
Replies: 52
Views: 5478

Re: Tom Stanley-Millionaire Next Door Author Killed in Auto

There's another lesson in Tom Stanley's passing. He was only 71. Interestingly, on another Boglehead post, a large percentage of individuals indicated they would wait to age 70 before starting to collect Social Security benefits. My question to them is "Just how certain are you that you're goin...
by Swampy
Sat Mar 07, 2015 9:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Tom Stanley-Millionaire Next Door Author Killed in Auto Acci
Replies: 73
Views: 11350

Re: Closing docs from old mortgages - shred?

I'm less trusting of computer technology than others and prefer to keep the actual papers. Digitally stored documents are not really stored if the system 'hiccups.' For documents like this, a safety deposit box or fire resistant file cabinet is good. I have organized and still have tax records datin...
by Swampy
Sat Mar 07, 2015 9:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Closing docs from old mortgages - shred?
Replies: 6
Views: 548

Re: Dr. Thomas Stanley

I found out I was already doing most of what they wrote in the book when my wife went out and bought a copy of Millionaire Next Door for my birthday. It came as a relief to know that we were on the right path especially when we had serious doubts as I saw my neighbors living large. Turns out the ne...
by Swampy
Wed Mar 04, 2015 11:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Tom Stanley-Millionaire Next Door Author Killed in Auto Acci
Replies: 73
Views: 11350

Re: Any ever do a small addition on their house?

Years ago, I looked into adding about 300 SF for an extra bedroom and closet without extra plumbing, etc. The quotes I got were for MORE than the original price of our home, purchased just a few years earlier.

We moved.
by Swampy
Wed Mar 04, 2015 7:16 am
 
Forum: Personal Consumer Issues
Topic: Any ever do a small addition on their house?
Replies: 24
Views: 1899

Re: Is Yahoo Mail working very slowly???

Here's the screwy thing, it's working fine tonight. I believe that the issue is with Yahoo and not with my computer, even though I installed a pop up blocker last month and initially considered blaming it. The problem with Yahoo Mail has happened intermittently in the past where it just did not oper...
by Swampy
Tue Mar 03, 2015 7:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is Yahoo Mail working very slowly???
Replies: 26
Views: 1380

Re: Tourists in Manhattan

Staying in NYC is crazy expensive! When I went, they wanted $75 a night just for overnight parking at a Manhattan hotel. Forget that. That was in 2010. FWIW, my recommendations: 1) Embassy Suites in Secaucus-Meadowlands. You get a full hot breakfast to start the day right. Free parking (at least wh...
by Swampy
Tue Mar 03, 2015 5:16 pm
 
Forum: Personal Consumer Issues
Topic: Tourists in Manhattan
Replies: 53
Views: 4502

Re: Is Yahoo Mail working very slowly???

A few weeks ago I added Adblock to the computer. It worked well stopping annoying popup ads. The Yahoo Mail problem didn't start until yesterday. Just to try it, I went into Adblock and adjusted the setting to not work on Yahoo Mail. Voila, Yahoo Email started working a lot faster...but still not ba...
by Swampy
Tue Mar 03, 2015 10:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Is Yahoo Mail working very slowly???
Replies: 26
Views: 1380

Is Yahoo Mail working very slowly???

My computer is a Mac Mini which has been working great...until the last 24 hours and only when on Yahoo Mail. It is a shared computer with the whole family. I use it for a variety of things, including financial transactions and bill pay as well as downloading financial statements. My family uses it ...
by Swampy
Tue Mar 03, 2015 8:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Is Yahoo Mail working very slowly???
Replies: 26
Views: 1380

Re: Tom Stanley-Millionaire Next Door Author Killed in Auto

I found out I was already doing most of what they wrote in the book when my wife went out and bought a copy of Millionaire Next Door for my birthday. It came as a relief to know that I was on the right path especially when I had serious doubts as I saw my neighbors living large. Thanks to Tom Stanl...
by Swampy
Mon Mar 02, 2015 10:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tom Stanley-Millionaire Next Door Author Killed in Auto Acci
Replies: 73
Views: 11350

Re: What if you already have a couple million?

The true question is "Why keep playing the game if you've already won?" Circumstances can change and you might want to retire earlier than planned. How would you position your assets 3-5 years from retirement? A true tragedy of life occurs when 30 and 40 year olds have plans to travel and...
by Swampy
Mon Mar 02, 2015 9:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: What if you already have a couple million?
Replies: 42
Views: 6565

Re: Paris France help/suggestions for women

I wouldn't be wandering around with all sorts of cash, ID's and credit cards. When we travelled, we only carried daily cash separated into several areas, including a money belt, button down shirt pockets and tucked into my wife's bra. DO NOT go to the currency exchange at the airport! You will do mu...
by Swampy
Mon Mar 02, 2015 9:02 pm
 
Forum: Personal Consumer Issues
Topic: Paris France help/suggestions for women
Replies: 22
Views: 1630

Re: airbnb tips?

It's interesting to read about the 'legality' status of rentals. The place we had a problem with the landlord was literally on embassy row in a European city. While the unit itself was 'OK,' it was in a high security neighborhood and building which did not allow short term rentals and sublets. Fortu...
by Swampy
Mon Mar 02, 2015 8:33 pm
 
Forum: Personal Consumer Issues
Topic: airbnb tips?
Replies: 20
Views: 1693

Re: airbnb tips?

I'm less than impressed with AirBNB after staying in several of their listed properties. I would strongly urge you to be sure you know exactly how to contact them from Europe when you have problems with a rental, especially with a weirdo landlord. Read the listings carefully, if it sounds too good t...
by Swampy
Sat Feb 28, 2015 5:58 pm
 
Forum: Personal Consumer Issues
Topic: airbnb tips?
Replies: 20
Views: 1693

Re: Life insurance - how much is needed

I've heard life coverage recommendations between 8-20 times annual income from agents. It certainly depends on your debts and the number of kids you leave behind. Since life insurance is tax free, it should be more than enough to offset your lost income minus income taxes. Based on your numbers for...
by Swampy
Fri Feb 27, 2015 7:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance - how much is needed
Replies: 18
Views: 1353

Re: The Non-Millionaire Next Door

The favorite commercial that continues to epitomize my neighbors over the last few decades is this: https://www.youtube.com/watch?v=r0HX4a5P8eE I used to beat myself up for years when I saw others with all the latest cars, boats, toys and do-dads and expensive vacations...wondering what I was doing ...
by Swampy
Tue Feb 17, 2015 8:16 am
 
Forum: Investing - Theory, News & General
Topic: The Non-Millionaire Next Door
Replies: 43
Views: 6389

Re: When would you retire money no object?

That would have happened right after graduating from high school. Decades of work kept me from enjoying and truly living a long part of my life. Now that I'm retired, I realize what I've been missing all those years. I started with nothing. After all these years, I have most of it left. :wink:
by Swampy
Tue Feb 17, 2015 8:07 am
 
Forum: Personal Finance (Not Investing)
Topic: When would you retire money no object?
Replies: 64
Views: 3428

Re: Not clearing snow from driveway

Our neighbors, much older than us, are extremely diligent...We, not so much...is there a cost to this? Why don't you call your insurance agent or one of those personal injury lawyers who advertise on TV and ask them? I started with nothing. After all these years, I have most of it left. :wink:
by Swampy
Tue Feb 17, 2015 8:03 am
 
Forum: Personal Consumer Issues
Topic: Not clearing snow from driveway
Replies: 81
Views: 5963

Re: Spring Break Ideas for Apr 4-11 for girls 4,6 yrs

Hands down - Florida Gulf Coast. Should be quite toasty in April.

The girls will like the beaches.

Easy drive from Georgia, not as crazy as Orlando and overall better family atmosphere than the Atlantic side of Florida.

Take your pick anywhere from Clearwater to Naples.
by Swampy
Sat Feb 14, 2015 5:16 pm
 
Forum: Personal Consumer Issues
Topic: Spring Break Ideas for Apr 4-11 for girls 4,6 yrs
Replies: 45
Views: 2528

Re: why stocks outperform other asset classes in the long ru

Do they? The stock market operates on the "Greater Fool Theory" in my opinion. Disney has nothing on the fantasies offered by Wall Street. Unfortunately, sooner or later, the guy at the end of the line gets to hold a really angry cat in the bag that'll shred him to bits. Just look at the P...
by Swampy
Sat Feb 14, 2015 9:39 am
 
Forum: Investing - Theory, News & General
Topic: why stocks outperform other asset classes in the long run ?
Replies: 51
Views: 3526

Re: About to stop using DFA/Dropping Advisor

mikedc813 wrote: I confirmed that all of my DFA funds can be held in Vanguard. True, however I just got off the phone with Vanguard. You can only hold or sell DFA funds after you transfer DFA funds to Vanguard, you CANNOT buy more which puts a damper on rebalancing. So, if you plan on annual rebalan...
by Swampy
Tue Feb 10, 2015 10:37 am
 
Forum: Investing - Help with Personal Investments
Topic: About to stop using DFA/Dropping Advisor
Replies: 29
Views: 3962

Re: When 60/40 just isn't appropriate

nisiprius wrote: The results usually show the optimum to be at 50% stocks or less--sometimes much less. For example, if we consider 1926 to 1952, the year in which CREF was founded, I am seeing this. 35/65 was the optimum. Personally, I am on the side of caution. Attributed to Will Rogers: "I a...
by Swampy
Sat Feb 07, 2015 5:55 pm
 
Forum: Investing - Theory, News & General
Topic: When 60/40 just isn't appropriate
Replies: 127
Views: 13525

Re: What exactly is "wealthy?"

Wealth is not only proportionate to what one has banked. It is also proportionate to how much 'healthy' time one can reasonably expect to enjoy and still have on Earth. Of what use is $73 BILLION to an 84 year old? I think the 'financial services industry' advocates a fool's game, especially when th...
by Swampy
Tue Feb 03, 2015 10:02 am
 
Forum: Personal Finance (Not Investing)
Topic: What exactly is "wealthy?"
Replies: 47
Views: 4124

What exactly is "wealthy?"

It seems that the government and media seem to get net worth and income confused all the time. Based on definitions from the "Millionaire Next Door,' here are a few examples: A 60 year old neurosurgeon earning $700,000 a year who has a nest egg (excluding his home) of $2,000,000 is NOT (in my o...
by Swampy
Tue Feb 03, 2015 7:39 am
 
Forum: Personal Finance (Not Investing)
Topic: What exactly is "wealthy?"
Replies: 47
Views: 4124

Re: Best ways to save on electricity bill

Sending energy hogs away to college!
:)
by Swampy
Mon Feb 02, 2015 9:22 am
 
Forum: Personal Consumer Issues
Topic: Best ways to save on electricity bill
Replies: 58
Views: 6995

Re: Met a Vanguard basher TransAmerica Insurance pusher

[naked link and over-the-top comments removed by admin alex]
by Swampy
Mon Feb 02, 2015 9:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Met a Vanguard basher TransAmerica Insurance pusher
Replies: 41
Views: 4729

Re: 4 essential documents: Suze Orman

Gosh, anything for a buck!
by Swampy
Fri Jan 30, 2015 9:57 am
 
Forum: Personal Finance (Not Investing)
Topic: 4 essential documents: Suze Orman
Replies: 27
Views: 3694

Re: giving money

I think a lot depends on why this friend is down on their luck.

The last thing you want to do is enable or encourage bad decisions on their part. All that does is allow them to dig their hole deeper.

That, and it usually ends any relationship - permanently.
by Swampy
Fri Jan 30, 2015 8:30 am
 
Forum: Investing - Help with Personal Investments
Topic: giving money
Replies: 13
Views: 812

Re: The lowest stock allocation you plan to stay with

Currently retired. Have conservatively eased back from 35 to 25% over the last year. When there is a major correction, I'll ease back up to 35-40% max. I see absolutely no reason to take more risk than necessary at this stage. I have a low annual withdrawal. Unlike others, I have to concern myself w...
by Swampy
Fri Jan 30, 2015 8:23 am
 
Forum: Investing - Theory, News & General
Topic: The lowest stock allocation you plan to stay with
Replies: 79
Views: 4487

Re: Get 17% in russian savings account?

8-)
https://www.youtube.com/watch?v=5yTVWXYctoY

Oh! Those Russians!


[link is to Boney M "Rasputin" music video]
by Swampy
Mon Jan 26, 2015 6:30 pm
 
Forum: Investing - Theory, News & General
Topic: Get 17% in russian savings account?
Replies: 49
Views: 4603

Re: Time to stop driving for 85 yo MIL

I think a letter from her doctor to the DMV would suffice - but with all the new laws on privacy and HIPAA, you might not get anywhere. I suppose you could call her auto insurance agent and see if the auto insurance policy can be cancelled. That, alone, might be enough to keep her from getting behi...
by Swampy
Sun Jan 25, 2015 10:48 am
 
Forum: Personal Consumer Issues
Topic: Time to stop driving for 85 yo MIL
Replies: 89
Views: 5983
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