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Re: Bucket Approach Redux

nisiprius wrote:
...What happens if a bear market hits at just the time that the other buckets are empty and you have only stocks?

Well that just depends.
Do you have $10M in stocks, or just $100k?
Arm-waving methods aren't going to fix fundamental problems, are they?
by The Wizard
Sat Oct 25, 2014 9:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bucket Approach Redux
Replies: 17
Views: 933

Re: where to invest

I think a summary of the OP's current age/job/accumulation is most of what we need.
For many of us, $100k is a nice additional amount.
HOWEVER, if that amount happens at age 25, it can make a big difference over 30 or 40 years to come...
by The Wizard
Sat Oct 25, 2014 9:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: where to invest
Replies: 2
Views: 299

Re: Bucket Approach Redux

Wizard....so you are 50/50....when the stock market tanks like in 2008 how do you handle it?Do you withdraw only from the bond portion? And when the stock market tanks and you have to take 1/12 of next year to refill your bucket, will you withdraw only from your bond portion? Or do you plan to time...
by The Wizard
Sat Oct 25, 2014 9:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bucket Approach Redux
Replies: 17
Views: 933

Re: Bucket Approach Redux

Wizard....so you are 50/50....when the stock market tanks like in 2008 how do you handle it?Do you withdraw only from the bond portion? Still working in '08, only retired 19 months ago. But if it happens again, I'll continue with my monthly Pro Rata scheme that's been set up. But that can be combin...
by The Wizard
Sat Oct 25, 2014 8:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bucket Approach Redux
Replies: 17
Views: 933

Re: THANK YOU!!! Bogleheads Conference #13 (2014)

There was an ongoing management conference (people wearing ties) going on along with ours, I think.
Hard to say who owned the Teslas, I would say...
by The Wizard
Sat Oct 25, 2014 8:13 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: THANK YOU!!! Bogleheads Conference #13 (2014)
Replies: 24
Views: 2013

Re: Bucket Approach Redux

If people want to play games with their money and keep 24 months of retirement income in cash, then good luck to them. Good luck to folks using Edward Jones to manage their portfolio, too. I prefer to keep my funds invested at 50/50 AA, working for me. I'm thinking we may need a Final and Definitive...
by The Wizard
Sat Oct 25, 2014 7:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bucket Approach Redux
Replies: 17
Views: 933

Re: Gross Yearly Income needed in Retirement (Speculation)

We need about 16k a year. Umm, $16k a year is way low for one person, not to mention a We. I know someone who pays just over $800 a month for ACA health insurance in retirement (not eligible for Medicare). And that's just one expense category. You are not factoring in all expenses to get that numbe...
by The Wizard
Sat Oct 25, 2014 7:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 110
Views: 7534

Re: Roll over to a ROTH or Traditional IRA

OP does imply he's in the 25% Federal tax bracket, so that's a decent income. The plan should be to have enough assets tax deferred from the current 25% bracket into traditional 401k and IRA so as to fill the present 10% and 15% brackets in retirement. And perhaps part of the 25% bracket as well. Br...
by The Wizard
Sat Oct 25, 2014 8:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Roll over to a ROTH or Traditional IRA
Replies: 4
Views: 372

Re: Emergency Fund Questions

Back when I was in the working class, I never worried about an emergency fund, in the 70's and 80's. I was married then, so we could survive on one income for a while if need be. But the need never arose, so I was just lucky. By the 1990's, I had enough "tiered" assets that I could liquida...
by The Wizard
Sat Oct 25, 2014 8:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund Questions
Replies: 14
Views: 1921

Re: Fidelity AMEX chip EMV cards

How do chip cards work for online use?
Old magstripe cards have that 3-digit extra number printed on the back that you use for online purchases.
With a chip card, you'd use your PIN, I would think. So how could a fraudster get that info?
by The Wizard
Sat Oct 25, 2014 3:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity AMEX chip EMV cards
Replies: 5
Views: 529

Re: Roll over to a ROTH or Traditional IRA

And the second question depends on your income, expenses and retirement savings rate.
Most of use the $5500 or $6500 into our Roth IRA as a supplemental amount, being that it's just not enough to get one's total savings rate into the 20 to 30% range...
by The Wizard
Sat Oct 25, 2014 2:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Roll over to a ROTH or Traditional IRA
Replies: 4
Views: 372

Re: Roll over to a ROTH or Traditional IRA

I'm not sure what a no long employment is.
Regardless, the answer depends mostly on how much you already have in traditional tax- sheltered accounts.
If you have only a small amount thus far, then roll this into a traditional IRA and keep deferring tax on it...
by The Wizard
Sat Oct 25, 2014 2:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Roll over to a ROTH or Traditional IRA
Replies: 4
Views: 372

Re: Can you outperform?

I cannot see if it's posted here however, can you outperform the index? Say you have a three (or four) fund portfolio and invest into it regularly, rebalancing quarterly by adding new money to any lagging index, then over time will you outperform that index given that you have been buying when it h...
by The Wizard
Thu Oct 23, 2014 9:31 pm
 
Forum: Investing - Theory, News & General
Topic: Can you outperform [an index by rebalancing]?
Replies: 12
Views: 1150

Re: Just wondering how you personally calculate net worth

letsgobobby wrote:An equally valid question is, how do you calculate your height? I include my feet, and my head, when measuring my height.

Well stated, LGB...
by The Wizard
Thu Oct 23, 2014 2:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Just wondering how you personally calculate net worth
Replies: 53
Views: 3096

Re: [Wants current income and to leave an estate]

Careful with Merrill Lynch, but good luck with the whole thing...
by The Wizard
Thu Oct 23, 2014 12:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Wants current income and to leave an estate]
Replies: 9
Views: 712

Re: Squaring the Circle

:dollar It all depends on how MUCH current income you need or want.
Can you survive on $100k per year?
If so, you should be fine. You won't run out of money.

I would worry much less about your heirs. Does it really matter whether they get $5M vs $9M??
by The Wizard
Thu Oct 23, 2014 6:54 am
 
Forum: Personal Finance (Not Investing)
Topic: [Wants current income and to leave an estate]
Replies: 9
Views: 712

Re: Just wondering how you personally calculate net worth

I've not computed my net worth for a few decades now.
It's of no concern to me.
What matters is my financial assets and income in retirement...
by The Wizard
Wed Oct 22, 2014 9:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Just wondering how you personally calculate net worth
Replies: 53
Views: 3096

Re: Unlocking My Phone Blues

Buying an unlocked phone to start with can help also.
A thought for others; OP isn't asking for help here...
by The Wizard
Wed Oct 22, 2014 8:57 pm
 
Forum: Personal Consumer Issues
Topic: Unlocking My Phone Blues
Replies: 3
Views: 432

Re: Gross Yearly Income needed in Retirement (Speculation)

Point being, it costs money to go to this Kruger Park in South Africa for a couple weeks; I've not been, but other Bogleheads apparently have. It doesn't have to cost much at all to go to Kruger Park for a couple of weeks - rent a car (don't even need 4x4 there) and a tent, self drive around the pa...
by The Wizard
Tue Oct 21, 2014 8:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 110
Views: 7534

Re: Electric Garage Door

Two possibilities:
Despring it and put a digital scale in the middle of it while down and see what it says.
Google the brand/model of your door or a similar one.

I'd probably do both...
by The Wizard
Tue Oct 21, 2014 5:28 pm
 
Forum: Personal Consumer Issues
Topic: Electric Garage Door
Replies: 10
Views: 886

Re: Electric Garage Door

Just replace the springs, assuming the door itself is OK.
Springs come with different ratings: 120, 130, 140 lbs, so get the right size for your door.
And put those Safety Cables down the middle of the springs so when they let go they don't kill someone...
by The Wizard
Tue Oct 21, 2014 5:20 pm
 
Forum: Personal Consumer Issues
Topic: Electric Garage Door
Replies: 10
Views: 886

Re: Gross Yearly Income needed in Retirement (Speculation)

I'm a retiree, and the bigger question should be: what is your DESIRED income in retirement? Point being, it costs money to go to this Kruger Park in South Africa for a couple weeks; I've not been, but other Bogleheads apparently have. Depending on your ratio of tax-sheltered to taxable investments,...
by The Wizard
Tue Oct 21, 2014 5:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 110
Views: 7534

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

As an engineer, I never bought individual stocks, just the best rated mutual funds, like good old Magellen.
I will admit that certain things should be improved for their own sake, regardless of what the customer wants or can pay for...
:D
by The Wizard
Tue Oct 21, 2014 4:59 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 117
Views: 7154

Re: Smartphone questions

For me, the best smartphone on the market right now is the Sony Xperia Z3 Compact. It all comes down to what you value. I don't really have an interest in the giant screens, so the 4.7" display is perfect for me. I don't need the ridiculous battery-sucking 1080p displays (or higher) on a 4.7&q...
by The Wizard
Mon Oct 20, 2014 3:10 pm
 
Forum: Personal Consumer Issues
Topic: Smartphone questions
Replies: 68
Views: 4243

Re: Anyone cancelling travel plans?

VictoriaF wrote:
The Wizard wrote:I'm sensing a thread shutdown here..


Do you think the thread has become contagious?

Victoria

Yes, perhaps too toxic for its own good...
by The Wizard
Mon Oct 20, 2014 2:56 pm
 
Forum: Personal Consumer Issues
Topic: Anyone cancelling travel plans?
Replies: 117
Views: 6298

Re: Anyone cancelling travel plans?

I'm sensing a thread shutdown here..
by The Wizard
Mon Oct 20, 2014 2:53 pm
 
Forum: Personal Consumer Issues
Topic: Anyone cancelling travel plans?
Replies: 117
Views: 6298

Re: Mold in dishwasher

Run the Rinse Cycle every day or two like I do, to flush away food chunks prior to eventual wash cycle.
No mold problems doing that...
by The Wizard
Sun Oct 19, 2014 11:21 am
 
Forum: Personal Consumer Issues
Topic: Mold in dishwasher
Replies: 14
Views: 1113

Re: POLL: How fulfilling is your retirement?

Nineteen months in, it's good.
I find I do need to push a bit to keep active in the ways I want.
Otherwise, too many lazy days can pile up, if that makes any sense...
by The Wizard
Sun Oct 19, 2014 10:40 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: How fulfilling is your retirement?
Replies: 34
Views: 2995

Re: "I've had it" at work - how often

Age 64. Engineering for 41 years, till March, 2013. Can't say I really had an I've Had It moment. I worked all 41 years for same employer, though a few different divisions. Thing with this type of engineering is: we would fluctuate over the years with too little work and too much work; but I dealt w...
by The Wizard
Sun Oct 19, 2014 10:11 am
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12366

Re: Anyone cancelling travel plans?

Yes, you're being overly paranoid...
by The Wizard
Sat Oct 18, 2014 11:15 am
 
Forum: Personal Consumer Issues
Topic: Anyone cancelling travel plans?
Replies: 117
Views: 6298

Re: Need advice: retired, now return to work FT at same empl

I returned to work PART-TIME at my former employer, about 18 months after retiring from there. I have No Desire to return on full-time basis even if I could. I'm now a Per Diem employee with hourly pay basically the same as what they paid me before. I just have taxes and OASDI withheld from that pay...
by The Wizard
Sat Oct 18, 2014 11:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Need advice: retired, now return to work FT at same employer
Replies: 17
Views: 1316

Re: Debit Card was hacked. Should I just use cash from now

Credit Card(s), yes.
I only use my "debit card" for ATM transactions, mostly to get cash.
I do have an app on my smartphone that acts like a debit card when buying gasoline at Cumberland Farms, but that's not likely to get hacked...
by The Wizard
Sat Oct 18, 2014 9:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Debit Card was hacked. Should I just use cash from now on?
Replies: 54
Views: 3311

Re: Considering a more aggressive AA than age = bonds

Getting back to the OP's question, I think a key point is to determine an AA that you are comfortable with for the remainder of your life, once retired. For some of us, myself included, that's 50/50. So you start our more aggressively, maybe 75% or 80% in stock and then eventually taper down to your...
by The Wizard
Sat Oct 18, 2014 8:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Considering a more aggressive AA than age = bonds
Replies: 41
Views: 3274

Re: Snow Blower

I strongly recommend heated handles, seemed like a luxury to me, so I did not get it. Once my hands get cold (which happens no matter what kind of gloves/ mittens/ hand warmers I wear) it turns into a miserable experience... Having serveral pairs of gloves is a good idea. Insulated ski gloves work ...
by The Wizard
Sat Oct 18, 2014 8:27 am
 
Forum: Personal Consumer Issues
Topic: Snow Blower
Replies: 49
Views: 2640

Re: Snow Blower

I ended up buying this unit $950 out the door: http://m.homedepot.com/p/Cub-Cadet-2X-528-SWE-28-in-277-cc-2-Stage-Electric-Start-Gas-Snow-Blower-with-Power-Steering-2X-528-SWE/203528131 Knowing my luck this will ensure against any snow fall this year. Looks good, OP. Get a package of Shear Pins for...
by The Wizard
Sat Oct 18, 2014 8:24 am
 
Forum: Personal Consumer Issues
Topic: Snow Blower
Replies: 49
Views: 2640

Re: Why do people use age instead of life expectancy?

Years Remaining Until Expected Retirement might also be a better metric to use for adjustments.
But I think simple age is fine for the most part. It still doesn't address individual Risk Tolerance and related issues...
by The Wizard
Sat Oct 18, 2014 8:14 am
 
Forum: Investing - Theory, News & General
Topic: Why do people use age instead of life expectancy?
Replies: 43
Views: 2914

Re: Smartphone questions

bungalow10 wrote:
Interesting. I don't know a single person who has switched from Android to Iphone, but I know the other way around. My office used to be about 100% Iphone because our IT only supported integrating our email on IPhone.

I think you mean Blackberry.
That's the device that corporate email prefers...
by The Wizard
Fri Oct 17, 2014 6:31 pm
 
Forum: Personal Consumer Issues
Topic: Smartphone questions
Replies: 68
Views: 4243

Re: New House Built on a Wrong Lot

General comment thread, sorry to say...
by The Wizard
Fri Oct 17, 2014 1:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: New House Built on a Wrong Lot
Replies: 9
Views: 1735

Re: Livesoft - Thank you

Probably not lock it up as much as move it to the BH Community forum.
And yes, Livesoft is OK... :twisted:
by The Wizard
Fri Oct 17, 2014 12:59 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Livesoft - Thank you
Replies: 37
Views: 4069

Re: Smartphone questions

I'm on my second android phone now and am happy with it. It's a Nexus 5 which I used with Cricket for a while but now on Consumer Cellular. Since the OP is new to smartphones, it will take a while to figure out which apps to get for it and how to integrate in into your life to the point that it beco...
by The Wizard
Fri Oct 17, 2014 12:55 pm
 
Forum: Personal Consumer Issues
Topic: Smartphone questions
Replies: 68
Views: 4243

Re: Can I reduce my *retirement* savings rate?

...Could you expand on what you mean by "Express a Retirement Concept"? I would love to do that, but don't quite understand. Sounds like you're just in your 20's so maybe it's early to be pondering your retirement lifestyle much. Right now is the time to find out the recreational things y...
by The Wizard
Fri Oct 17, 2014 12:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can I reduce my *retirement* savings rate?
Replies: 35
Views: 3325

Re: What will you do when you retire?

This is a good question. The answer depends to a degree on what you did BEFORE you retired, since it's fairly easy to do twice as much of certain things you enjoy already, now that you have much more time and (hopefully) sufficient money to do them. In my particular case, 19 months into retirement, ...
by The Wizard
Fri Oct 17, 2014 12:33 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: What will you do when you retire?
Replies: 37
Views: 3659

Re: Can I reduce my *retirement* savings rate?

...Also don't understand the her retirement MY retirement, do you live together and are legally married? Final question, what is FI money? It's either Fixed Income or Financial Independence money, but your Q about legally married made me smile. Somehow, I think it would be good if the OP could expr...
by The Wizard
Fri Oct 17, 2014 10:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Can I reduce my *retirement* savings rate?
Replies: 35
Views: 3325

Re: Can I reduce my *retirement* savings rate?

Seems to be a bit of a dichotomy here with the wife retiring at 35 and you working forever.
That approach isn't for everyone, but if the numbers work for you, I suppose it's OK...
by The Wizard
Fri Oct 17, 2014 10:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Can I reduce my *retirement* savings rate?
Replies: 35
Views: 3325

Re: Roll Call for the Retirement Class of 2014!

Retiring yet again on 25th of September for the nth time after consulting for 11 months. I was goofing off since January 2011... I don't think it's necessary to retire AGAIN if you didn't go back to work close to full time. I retired in March, 2013 and returned to work on an engineering project I h...
by The Wizard
Fri Oct 17, 2014 10:07 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2014!
Replies: 228
Views: 21497

Re: How did you get from $1M to $10M

Not in target audience either. But the "problem" is: that number ($10M) exceeds the retirement goals of most people by a factor of two or more. So MOST Bogleheadish people will quit work and retire with $5M at age 45, for example. True entrepreneurs will keep going, but they aren't always ...
by The Wizard
Thu Oct 16, 2014 2:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: How did you get from $1M to $10M
Replies: 46
Views: 4037

Re: Can I put 52000 a year in my 403b (401k whatever)

I was close to that level of contribution to my 403(b) plans the last few years before I retired. While I was able to max out the voluntary contribution, the mandatory contribution was tied by a percentage formula to my salary. And it wasn't possible simply to increase my salary for purpose of maxin...
by The Wizard
Thu Oct 16, 2014 12:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I put 52000 a year in my 403b (401k whatever)
Replies: 27
Views: 2474

Re: Feeling very fortunate today!

What's so special about December 1st anyway?
by The Wizard
Thu Oct 16, 2014 12:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Feeling very fortunate today!
Replies: 52
Views: 6157

Re: Retirement pension options -- CONFUSED!

I would not take the lump sum in cash. I would only do a lump sum if it could remain tax-sheltered and roll it over into my IRA. OP needs to be ACCUMULATING funds for retirement, not sapping them to pay down current expenses. Agree with others that Big Picture needs to be examined, but that's my ans...
by The Wizard
Thu Oct 16, 2014 7:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement pension options -- CONFUSED!
Replies: 15
Views: 1249
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