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Re: Really confused by Bernstein

snip For quite a while rule of thumb of SWR has been discussed with implicit assumption that fixed portion of portfolio allows one to weather the risk of equities. Now discussion comes along and says if you only have 25 times needed expenses then none of that can be at risk. Reality is saving more ...
by Woodshark
Thu Mar 27, 2014 6:22 pm
 
Forum: Investing - Theory, News & General
Topic: Really confused by Bernstein
Replies: 168
Views: 12857

Re: Really confused by Bernstein

After some reflection, I see what the OP is talking about. I’ve been reading this and other investment and retirement forums for a couple of years. About 95% of the basic structure of all the advice has been to make sure to save at least 25 times your annual expected expenses. Invested in a good mix...
by Woodshark
Mon Mar 24, 2014 10:14 pm
 
Forum: Investing - Theory, News & General
Topic: Really confused by Bernstein
Replies: 168
Views: 12857

Re: State Farm or Allstate

One cautionary tale about Allstate. I switched all my business to them after getting a low quote, only to have my homeowner's rate retroactively increased by 20% about 4 months later, following a visit from Allstate's appraiser. The appraiser's valuation of my house was much higher than the valuati...
by Woodshark
Sun Mar 23, 2014 5:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: State Farm or Allstate
Replies: 26
Views: 1811

Re: Cedar Plank Siding

That’s a hard guess to come up with. It depends on several things…. The quality of the cedar The quality of the installation The quality of the stain used The degree and amount of sun and water exposure I would think if you use a good solid color stain maybe recoat every five years and it should las...
by Woodshark
Wed Mar 19, 2014 9:05 pm
 
Forum: Personal Consumer Issues
Topic: Cedar Plank Siding
Replies: 14
Views: 988

Re: Anyone know of places to purchase canes

You can buy a generic one or buy one custom made for your height and build. I made my FIL one for Christmas. He has had several back surgeries over the years and now needs one for balance. His has a brazilian cherry shaft with a mahogany handle and maple and purple heart accents. He shows it off all...
by Woodshark
Tue Mar 18, 2014 6:15 pm
 
Forum: Personal Consumer Issues
Topic: Anyone know of places to purchase canes
Replies: 26
Views: 1256

Re: "Getting Real About Retirement"

To the OP, thank you for the breath of fresh air. We almost always ("sometimes" would have been a gross under calculation) tend to over think things. With all the RMD spreadsheets and monte carlo simulations, it is nice to see a little real life presented here every now and then.
by Woodshark
Sun Mar 16, 2014 9:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Getting Real About Retirement"
Replies: 27
Views: 3045

Re: Two commas...

First off, congratulations! It's a tough crowd here some days but you know, compared to the general populous, it is a very nice achievement. Some consider is net worth, including your principal home minus any outstanding debts. Others consider it only if it's all in investable assets, not including ...
by Woodshark
Fri Mar 07, 2014 6:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Two commas...
Replies: 32
Views: 3208

Re: what's your number?? (for married couples)

I know you came here looking for answers and clarity. With all the different responses it's probably clear as mud now. Some of the early and simple answers are the best. Simple method- Figure out your expenses in retirement. Subtract any pensions from this amount. Take the result and multiply it tim...
by Woodshark
Thu Feb 27, 2014 6:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: what's your number?? (for married couples)
Replies: 70
Views: 6111

Re: Do you balance your checking account?

Levett wrote:Now I know for sure I'm an old-timer.

The very question strikes me as absurd.

Lev


My thoughts exactly. The first thing I thought was "of course I do". I cannot imagine not balancing it. I've caught way too many mistakes in the past to give it up.
by Woodshark
Sun Feb 16, 2014 6:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you balance your checking account?
Replies: 114
Views: 4899

Re: Joined the "Two Comma Club" Today

At 27. That is wonderful. I was around 50 before joining the club.
by Woodshark
Fri Jan 31, 2014 7:06 pm
 
Forum: Investing - Theory, News & General
Topic: Joined the "Two Comma Club" Today
Replies: 47
Views: 4456

Re: Best Boglehead lesson

I learned, after many years of doing the wrong things, that investing is simple. However, because of human nature to fiddle with things, not at all easy. I now understand what Taylor calls the majesty of simplicity. I learned that 1% is a lot of money for the price of advice when compounded over tim...
by Woodshark
Mon Jan 13, 2014 7:00 pm
 
Forum: Investing - Theory, News & General
Topic: Best Boglehead lesson
Replies: 74
Views: 5153

Re: What are your favorite websites and forums?

Are you talking about investment / retirement or general interest? Frugal living and life-hacking goes to Mr. Money Mustache http://www.mrmoneymustache.com/2011/04/06/meet-mr-money-mustache/ Early retirement dreams are at http://www.early-retirement.org/forums/ Drop out and travel the world with you...
by Woodshark
Sun Jan 12, 2014 6:58 pm
 
Forum: Personal Consumer Issues
Topic: What are your favorite websites and forums?
Replies: 8
Views: 1982

Re: Thinking about buying a 2014 Acura RDX

Consider a loaded Honda CRV. Another vote for the CRV. We have some good friends who had the Acura for years. They decided to give it too their daughter and buy a new one for themselves. After comparing the Acura to the Honda, they chose the CRV because it was just as reliable and the ride was almo...
by Woodshark
Sun Jan 12, 2014 6:42 pm
 
Forum: Personal Consumer Issues
Topic: Thinking about buying a 2014 Acura RDX
Replies: 44
Views: 2944

Re: Made a $50k bet on Healthcare

but I am going to warn you seriously about the danger of slogans. Specifically, the danger of maintaining some little private stock of maxims and slogans, all mutually contradictory, that you can use in place of thought--a nice little baby rattle you can hand to your left brain to play with to dist...
by Woodshark
Sat Jan 11, 2014 7:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Made a $50k bet on Healthcare
Replies: 43
Views: 4813

Re: Surprises in 2014

Levett wrote:Vanguard will offer a new Managed Payout Fund simply called Plan B. :wink:

Lev

At first I laughed out loud. Then I thought about it.
All jokes aside, this would be very popular. :P
by Woodshark
Tue Jan 07, 2014 7:18 pm
 
Forum: Investing - Theory, News & General
Topic: Surprises in 2014
Replies: 51
Views: 3551

Re: Favorite Christmas Gift

Remote thermometer for my Big green egg.
by Woodshark
Sat Dec 28, 2013 6:43 pm
 
Forum: Personal Consumer Issues
Topic: Favorite Christmas Gift
Replies: 43
Views: 2083

Re: Cash in Your Wallet

I always have cash. Seldom less than $20 or more than $100.
by Woodshark
Sat Dec 28, 2013 6:42 pm
 
Forum: Personal Consumer Issues
Topic: Cash in Your Wallet
Replies: 93
Views: 4111

Re: Drawing Down a "Peace of Mind" Fund

A little over a month ago I finally drew off around 2 percent of our investments and purchased a car. (I've been driving a 98' and the wife has been suggesting for over a year it was time to upgrade.) At the time it bothered me to no end since it dropped our total figure below a nice round figure. N...
by Woodshark
Fri Dec 27, 2013 6:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Drawing Down a "Peace of Mind" Fund
Replies: 12
Views: 954

Re: Good Christmas (gag) gift

A DVD of the Disney/Pixar movie Cars. It's a gag gift for him but the daughter's would enjoy watching it.
by Woodshark
Mon Dec 16, 2013 6:14 pm
 
Forum: Personal Consumer Issues
Topic: Good Christmas (gag) gift
Replies: 18
Views: 1636

Re: Stock Picking is Hard

Argulator, I'm not sure if you did the research or found this juicy piece of investing irony on the web but thank you for posting it. Every once in a while those slick magazine covers with the large headers screaming "Best Stocks NOW! or Sell-Sell-Sell these stocks ASAP! almost lure me in to bu...
by Woodshark
Mon Dec 16, 2013 6:04 pm
 
Forum: Investing - Theory, News & General
Topic: Stock Picking is Hard
Replies: 21
Views: 1702

Re: Have 5 years to repay 20k. Where should I put it?

It looks like your parents were nice enough to loan you 20K so that you did not have to sell 20K from your investment portfolio. (Maybe even interest free.) I would repay this kindness by paying them back with regular monthly payments. $350 a month is a good baseline and maybe even more occasionally...
by Woodshark
Sat Dec 07, 2013 4:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Have 5 years to repay 20k. Where should I put it?
Replies: 22
Views: 1417

Re: Buying a Honda in Atlanta

We live in metro Atlanta and have purchased two new Honda's in the past decade or so. I have no experience with the dealership you mentioned, Curry Honda, but I will give you my impression of a few I have dealt with. Carey Paul Honda in Gwinnett County on hwy 78: Very nice, honest and professional. ...
by Woodshark
Wed Dec 04, 2013 7:08 pm
 
Forum: Personal Consumer Issues
Topic: Buying a Honda in Atlanta
Replies: 16
Views: 1310

Re: Wine for daily consumption?

Apothic red. About $10.
by Woodshark
Wed Dec 04, 2013 6:53 pm
 
Forum: Personal Consumer Issues
Topic: Wine for daily consumption?
Replies: 105
Views: 5160

Re: Free Cloud storage

If it's really mostly old family photos then the bulk of the data is not going to change, it will just increase as time goes by. The simple answer for backup is to copy the files to a few DVD's and store them at another place. (Your house, bank lockbox, auntie Jean's basement etc.) Now with the bulk...
by Woodshark
Wed Dec 04, 2013 6:50 pm
 
Forum: Personal Consumer Issues
Topic: Free Cloud storage
Replies: 23
Views: 1661

Re: VTI vs. VTSMX

A difference I don't see mentioned yet is settlement dates. If you sell the VG fund will sell that night and the money can be used to buy another fund or sent to your bank then. With an ETF there is a 4 day settlement period where the funds are not yet paid and considered "untouchable". T...
by Woodshark
Tue Dec 03, 2013 6:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: VTI vs. VTSMX
Replies: 14
Views: 1326

Re: Why do TIAA CREF index funds have such high fees?

Although their expenses are not rock bottom, compared to the really poor selections that some employers offer I would be thankful to have TIAA CREF as an option.
by Woodshark
Tue Nov 19, 2013 6:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why do TIAA CREF index funds have such high fees?
Replies: 19
Views: 1612

Re: Investment allocation-Year 1 of Retirement and beyond

Run firecalc at firecalc.com at an asset allocation of 50/50 and see if you're at 90% probability to make sure your investments make it till you're 95 years old. Adjust your asset allocation and spending requirements as needed. As a side note, even in retirement I doubt that I will ever go less than...
by Woodshark
Mon Nov 18, 2013 4:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investment allocation-Year 1 of Retirement and beyond
Replies: 8
Views: 553

Re: Do Bogleheads have a number?

We (my wife and I) have a number but with a caveat. In less than two years she can retire with a state pension that almost exactly meets our monthly / yearly base spending requirements. I want to also have an investment portfolio that is at least 25 times that same yearly figure. Sort of a belt AND ...
by Woodshark
Sun Nov 17, 2013 4:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do Bogleheads have a number?
Replies: 118
Views: 11118

Re: Best "Indirect Financial advice" you ever received?

Two od my favs,

It's not how much you have, it's how much you enjoy that defines happiness.

With planning you can have anything you want, just not everything you want.
by Woodshark
Tue Nov 12, 2013 6:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best "Indirect Financial advice" you ever received?
Replies: 66
Views: 3374

Re: Dollar Cost Averaging -- good or evil?

There are statistics, there are emotions and then there is common sense. Statistics says that markets are more likely to go up than down so given a lump sum, it is statistically better to invest in all at once. Emotionally, with the market at or near record highs, I think it is easier on the investo...
by Woodshark
Thu Nov 07, 2013 7:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dollar Cost Averaging -- good or evil?
Replies: 48
Views: 2386

Re: Mini Cooper or Fiat 500?

Don't forget the VW GTI, winner of many awards over the last couple of decades, widely considered to be the original "hot hatch," and the standard to which all others are compared. Oh, fond memories. I had one of the original ones with the golf ball stick shifts way back in the early to m...
by Woodshark
Mon Nov 04, 2013 6:20 pm
 
Forum: Personal Consumer Issues
Topic: Mini Cooper or Fiat 500?
Replies: 49
Views: 3813

Re: Men's Leather Belt: Recommendations?

I'm both frugal AND a belt snob. The absolute best belts in the world are made with glove leather. Once you own one you will not want anything else. The best ones for the money are at Lands End. http://www.landsend.com/products/mens-glove-belt/id_257515 With a discount code your looking at $35 and f...
by Woodshark
Mon Nov 04, 2013 5:50 pm
 
Forum: Personal Consumer Issues
Topic: Men's Leather Belt: Recommendations?
Replies: 45
Views: 4593

Re: Mini Cooper or Fiat 500?

Mini Cooper. I'm betting it's funner to drive and will have a higher resale value. They have a fairly good dependability rating as long as you don't buy the turbo model.

Plus the Fiat 500 doesn't look near as good!
by Woodshark
Wed Oct 30, 2013 5:01 pm
 
Forum: Personal Consumer Issues
Topic: Mini Cooper or Fiat 500?
Replies: 49
Views: 3813

Re: [how should I allocate my] bonds

Although a little complicated for my taste, you seem to have it well thought out.
by Woodshark
Wed Oct 30, 2013 4:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: [how should I allocate my] bonds
Replies: 1
Views: 188

Re: How did your retirement plans evolve over your career?

Never had a master plan to speak of. I started investing when I was 23 years old. We got married at 30 and both me and my wife are natural savers. We just contributed into our retirement accounts every year, paid for things in cash if we could (new cars, vacations etc) and lived below our means. The...
by Woodshark
Wed Oct 30, 2013 4:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: How did your retirement plans evolve over your career?
Replies: 28
Views: 2459

Re: Spices for Cooking - Cost, Duration, etc.

Spices don't last forever. My advice is to trash anything that is two or three years old except peppercorns or whole nutmegs. If you live in a large metro area then seek out the larger farmers market. Most of them have bulk/cheap spices that sell for about 20% of what you are paying in a grocery sto...
by Woodshark
Tue Oct 29, 2013 4:27 pm
 
Forum: Personal Consumer Issues
Topic: Spices for Cooking - Cost, Duration, etc.
Replies: 28
Views: 2148

Re: Brothers response to index investing

Not sure where he is getting his talking points but his prose has a Robert Kiyosaki /"Rich Dad Poor Dad" feel to it. The simple answer is that over time the market has always gained. It has endured the great depression, several wars, multiple recessions, the dot-com boom/bust, the real est...
by Woodshark
Mon Oct 28, 2013 4:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Brothers response to index investing
Replies: 52
Views: 3789

Re: What to Read After the Bogleheads Guide to Investing?

Then, buy yourself a copy of "Making the Most of Your Money Now" by Jane Bryant Quinn. (Used, of course, at http://www.addall.com/used.) Keith This is a wonderful book that covers everything- investing, insurance, housing, taxes etc., in a fun relaxed format that is helpful and easy to re...
by Woodshark
Tue Oct 22, 2013 4:55 pm
 
Forum: Investing - Theory, News & General
Topic: What to Read After the Bogleheads Guide to Investing?
Replies: 25
Views: 2480

Re: A Message from Jack

Although I did not attend the conference, I would like to take this opportunity to thank you for all that you have done to help common everyday investors (like me) achieve our financial milestones and goals. It took me many years but I've finally come to understand (I think Taylor said originally) t...
by Woodshark
Tue Oct 22, 2013 4:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: A Message from Jack
Replies: 22
Views: 3825

Re: Roth IRA for emergency fund?

I like the idea. I have invested my second tier emergency fund into my Roth IRA. If I don't need it, it grows tax free. If I do, then I can pull out what I put in ( not growth) without a penalty. It's a win-win.
by Woodshark
Sat Oct 19, 2013 3:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for emergency fund?
Replies: 20
Views: 1937

Re: Want income but preserve capital

A totally off the wall idea is to buy a rental home in your area. If you buy in a good neighborhood a 5% yield after taxes etc is very easy to do plus the house should retain it's value or even go up over time. This could give you a nice income stream and the house could be sold at a nice profit at ...
by Woodshark
Thu Oct 17, 2013 6:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Want income but preserve capital
Replies: 40
Views: 3026

Re: newbie at $50K/YR, help!

Open a roth IRA , invest the max and then start building a portfolio. A simple method is to use a all in one target retirement fund at Vanguard. https://personal.vanguard.com/us/funds/vanguard/TargetRetirementList If you're more of a DIY person you can build your own portfolio. I would start with a ...
by Woodshark
Thu Oct 10, 2013 6:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: newbie at $50K/YR, help!
Replies: 5
Views: 832

Re: FireCalc help

FireCalc works fine for me and probably thousands of others also. If you're have trouble then you're most likely doing sometime I do on a daily basis, that is misinterpreting something. It's asking for X, and you are thinking it needs Y. Wait 24 hours, read the links above and go in again with a new...
by Woodshark
Thu Oct 10, 2013 5:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: FireCalc help
Replies: 9
Views: 924

Re: How Close Are You To Your Number and Financial Independe

I'm 53 and my wife is 50. We are on track for retirement in about 18 months. Pretty much at our number right now. A pension that will kick in upon retirement that takes care of our minimum annual expenses plus we have almost 1M in investments (60/40) and two paid off homes. The plan is to retire in ...
by Woodshark
Sun Sep 29, 2013 5:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: How Close Are You To Your Number and Financial Independence?
Replies: 71
Views: 6201

Re: When budgeting, do you take a yearly or monthly view?

As long as you understand the figures and expenses then taking a yearly view makes sense. Month to month is too hard to predict in a business. Farmers, CPAs and the IRS take a yearly view and you can too.
by Woodshark
Sat Sep 21, 2013 6:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: When budgeting, do you take a yearly or monthly view?
Replies: 16
Views: 1363

Re: How to calculate AA when one has a pension

I noticed that you wanted to match your current salary. A quick but often overlooked reminder. When you're retired, you are no longer contributing a part of your salary towards retirement. For example, if you make $80,000 a year but put 20% into your retirement accounts, you only need to come up wit...
by Woodshark
Thu Sep 19, 2013 4:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to calculate AA when one has a pension
Replies: 11
Views: 1091

Re: your favorite Virgin Island

As many people have mentioned, I would opt for St. John. It's still mostly a national park with limited development. If your coming from the U.S. then hit it first, then you will only have to clear customs in and out of Tortola (a BVI). Otherwise you're bopping in and out of customs a bit. For fun t...
by Woodshark
Mon Sep 16, 2013 4:48 pm
 
Forum: Personal Consumer Issues
Topic: your favorite Virgin Island
Replies: 14
Views: 1284

Re: "The Clash of the Cultures" -- A Gem

Thank you Jack. It seems so simple, yet simple is not always easy..... What's the line.... don't do something, just sit there? TEN SIMPLE RULES FOR INVESTMENT SUCCESS: 1. Remember Reversion to the Mean 2. Time is Your Friend, Impulse is Your Enemy 3. Buy Right and Hold Tight 4. Have Realistic Expect...
by Woodshark
Fri Sep 13, 2013 8:53 pm
 
Forum: Investing - Theory, News & General
Topic: "The Clash of the Cultures" -- A Gem
Replies: 14
Views: 2066

Re: Home PC Upgrade Path (from Win98SE). Yes, it's time.

No advice but thanks for letting me know I'm not the only one hanging on to old OS computers. I still have a couple of PC's running Win2000 because of some proprietary software from companies that went out of business many years ago. Plus I still have documents in a Lotus word processing program lon...
by Woodshark
Tue Sep 10, 2013 6:14 pm
 
Forum: Personal Consumer Issues
Topic: Home PC Upgrade Path (from Win98SE). Yes, it's time.
Replies: 35
Views: 1837

Re: What's wrong with deflation?

After reading the original question, I too was wondering what was wrong with a little deflation. My thinking was that lower prices are always good..... right? I did not think of the broad possible effects to the overall economy. Simplistic thinking is often a hazard. Thank you for broadening my mind.
by Woodshark
Mon Sep 09, 2013 5:40 pm
 
Forum: Investing - Theory, News & General
Topic: What's wrong with deflation?
Replies: 37
Views: 2851
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