Search found 901 matches

by bengal22
Thu Jul 23, 2015 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Explanatory Websites/Resources
Replies: 6
Views: 801

Re: Social Security Explanatory Websites/Resources

prudent wrote:I recommend Mike Piper's book "Social Security Made Simple" to understand the options. And the SSAnalyze tool at bedrockcapital.com to run claiming scenarios.


The SSanalyze tool was easy and very informative. Of course, I have to assume it is accurate. Is it?
by bengal22
Thu Jul 23, 2015 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should I consider Social Security Benefits as Assets
Replies: 44
Views: 2760

Re: Should I consider Social Security Benefits as Assets

Seems like there are two things that are important at retirement(at least 2); 1. Net Worth 2. Income Flows IMHO, SS falls into income flows. So to plan for retirement one needs to know his forecasted expense and his forecasted income(pension, SS, Part time jobs, RMD's, royalities, etc) and estimate ...
by bengal22
Thu Jul 23, 2015 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Bogle backfire?
Replies: 66
Views: 7643

Re: Bogle backfire?

I am a follower of the boglehead tenets. While new member, I am a long time lurker and have spent tons of time reading the site and books from Bogle, Swedroe and cohorts. I have some observations and experiences that I wanted to share. This is meant more as a discussion than a critique of Boglehead...
by bengal22
Thu Jul 23, 2015 1:42 pm
Forum: Personal Consumer Issues
Topic: Greatest money lesson movie
Replies: 63
Views: 5420

Re: Greatest money lesson movie

Moneyball - At the end of the day even if you are successful with your investments and you look like Brad Pitts - family still ranks number 1
by bengal22
Wed Jul 22, 2015 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Bogle backfire?
Replies: 66
Views: 7643

Re: Bogle backfire?

I am a follower of the boglehead tenets. While new member, I am a long time lurker and have spent tons of time reading the site and books from Bogle, Swedroe and cohorts. I have some observations and experiences that I wanted to share. This is meant more as a discussion than a critique of Boglehead...
by bengal22
Mon Jul 20, 2015 9:41 pm
Forum: Investing - Theory, News & General
Topic: When did you start investing in the Market?
Replies: 60
Views: 3294

Re: When did you start investing in the Market?

Started 1981 with company matched purchase of GM stock.
3 or 4 years later started to invest in Vanguard mutual funds. The crash in the 80's taught me to hold the course and at that time I even took CD money to buy at the bottom. But I was young then and had a long horizon.
by bengal22
Sat Jul 18, 2015 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 7477

Re: Why did you take SS at FRA instead of delaying until 70?

IMHO, At the end of the day, our decision when to take Social Security will mean very little to my end game. I am currently 63 and my plan is to take it at 66 and my wife will start her spousal(at 64). I have crunched a few scenarios(5) and the optimum is probably me filing and suspending until 70 a...
by bengal22
Mon Jul 13, 2015 8:24 pm
Forum: Investing - Theory, News & General
Topic: "Winning the Loser's Game (third edition)" -- A Gem
Replies: 13
Views: 1888

Re: "Winning the Loser's Game (third edition)" -- A Gem

Thanks for the quotes, Taylor. They are like the Proverbs of Finance. Regarding the quote below, if it is difficult to predict the future and pick stocks wouldn't the statement be more like: Managers that have had superior results in the past are no more likely to have superior results in the futur...
by bengal22
Mon Jul 13, 2015 1:26 pm
Forum: Investing - Theory, News & General
Topic: "Winning the Loser's Game (third edition)" -- A Gem
Replies: 13
Views: 1888

Re: "Winning the Loser's Game (third edition)" -- A Gem

Thanks for the quotes, Taylor. They are like the Proverbs of Finance. Regarding the quote below, if it is difficult to predict the future and pick stocks wouldn't the statement be more like: Managers that have had superior results in the past are no more likely to have superior results in the future...
by bengal22
Mon Jul 13, 2015 6:36 am
Forum: Investing - Theory, News & General
Topic: What 2008/09 has done to me
Replies: 158
Views: 18662

Re: What 2008/09 has done to me

This thread highlights two thoughts for me. 1. The markets are a reflection of the state of the economy. Anytime there are deep drops in market prices, there are real life stories being impacted. There are people losing jobs, homes, etc. Plus, there can be long reaching impacts that involves everybo...
by bengal22
Sat Jul 11, 2015 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Pulling equity out of home to invest?
Replies: 71
Views: 4911

Re: Pulling equity out of home to invest?

I would never, ever do it. The thing that surprises me a little about this thread is that everyone is telling you not to do it, but if you research the site for posts asking whether it makes sense to prepay a mortgage, my impression is that most of the responses suggest not to because people argue ...
by bengal22
Sat Jul 11, 2015 7:22 am
Forum: Personal Finance (Not Investing)
Topic: who do you have your term life insurance with?
Replies: 32
Views: 2138

Re: who do you have your term life insurance with?

i do not have life insurance.
by bengal22
Fri Jul 10, 2015 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Pulling equity out of home to invest?
Replies: 71
Views: 4911

Re: Pulling equity out of home to invest?

Like most questions - financial, social, political, spiritual - the answer is it depends. Every circumstance requires a different answer. In most cases, I would think it is a bad idea, especially if the money is to be used for some speculative investment(word used loosely). If you currently have no ...
by bengal22
Thu Jul 09, 2015 2:53 pm
Forum: Investing - Theory, News & General
Topic: Calculation of Asset Allocation to Gauge Risk to Net Worth
Replies: 12
Views: 843

Re: Calculation of Asset Allocation

I look at asset allocation as being a snapshot of my current investment allocation. I do not include any tax liabilities, future events, social security, etc. I use asset allocation to help me hold the course and to have some stability in my investment.
by bengal22
Thu Jul 09, 2015 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Stay the course vs. TLH
Replies: 20
Views: 1688

Re: Stay the course vs. TLH

If I sell Vanguard S&P500 index fund at a tax loss and buy Vanguard Large-cap index fund immediately (I do an exchange), does my asset allocation change? Does the amount I have invested change? Do I have more equities than before, less equities than before, or the same amount of equities as bef...
by bengal22
Thu Jul 09, 2015 9:05 am
Forum: Investing - Theory, News & General
Topic: "Vanguard's recommended international allocation."
Replies: 63
Views: 6684

Re: "Vanguard's recommended international allocation."

Vanguard's Portfolio Watch Tool recommends between 30 and 50 percent. I have 28% and get flagged with a "Consider" alert to add additional foreign stocks. This is fairly new in that in the more distant past I was not flagged having only 28%. I have learned to ignore Vanguard's alerts. Add...
by bengal22
Wed Jul 08, 2015 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: NYSE halted **Mutual Fund Trade**
Replies: 11
Views: 1246

Re: NYSE halted **Mutual Fund Trade**

it will go through. eventually.
by bengal22
Tue Jul 07, 2015 3:46 pm
Forum: Personal Consumer Issues
Topic: What is the best meal you've had at a restaurant?
Replies: 119
Views: 11422

Re: What is the best meal you've had at a restaurant?

Food Network picked Dayton's Pine Club as the 2nd best steakhouse in the U.S. Never been to #1 so I would have to say my best steak ever was from the Pine Club. Jeff Ruby's Precinct in Cincy is a close 2nd. Most memorable meal at a restaurant was probably the one to celebrate my parent's 70th weddin...
by bengal22
Tue Jul 07, 2015 7:08 am
Forum: Personal Finance (Not Investing)
Topic: What age did you become debt free and what opportunities did it create?
Replies: 95
Views: 9150

Re: What age did you become debt free and what opportunities did it create?

I am retired and probably will never be debt free. I have a low rate(3.25%) mortgage that will be paid off in 11 years. I also use a credit card, that earns 1.5% payback, that I pay off every month(but its still debt). Never found affordable debt to be stressful. Never found affordable debt to consu...
by bengal22
Sat Jul 04, 2015 12:05 pm
Forum: Personal Consumer Issues
Topic: Eating Out
Replies: 57
Views: 6839

Re: Eating Out

If it's not a financial issue, why worry over eating out. You have earned it. BH encourages one to live within their means, not to live the life of a monk. No where does the Bogle Creed tell us to agonize over spending. The Bogle Creed actually frees us through wise investing and wise spending to li...
by bengal22
Fri Jul 03, 2015 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: How often should I check my accounts online?
Replies: 20
Views: 2318

Re: How often should I check my accounts online?

I check every evening because it is quick and easy and I enjoy following. I adjust my holdings when it is time to re-balance. I do not see any correlation to the frequency of my checks to the frequency of my transactions.
by bengal22
Thu Jul 02, 2015 7:16 pm
Forum: Personal Consumer Issues
Topic: Do you buy used cars like a Boglehead actually should?
Replies: 168
Views: 19723

Re: Do you buy used cars like a Boglehead actually should?

I always thought we adhere to the Boglehead investing philosophy so we don't have to buy used cars.
by bengal22
Thu Jul 02, 2015 3:26 pm
Forum: Investing - Theory, News & General
Topic: 10 Year Anniversary
Replies: 2
Views: 721

Re: 10 Year Anniversary

I am coming up on my 30th year with Vanguard. Hoping for a watch.
by bengal22
Mon Jun 29, 2015 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: What happens when Admiral Shares drop below $50K?
Replies: 22
Views: 3696

Re: What happens when Admiral Shares drop below $50K?

I'm in a Vanguard fund with a $50K qualifier for Admiral Shares, which I had when I bought shares. Now that my fund balance has dropped below $50K because of losses, will I be kicked out of the Admiral Shares into the Investor Shares? No. I occasionally drop below 50K on certain funds(sometimes due...
by bengal22
Sun Jun 28, 2015 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Drawing from Retirement Savings to Delay SS
Replies: 43
Views: 4396

Re: Drawing from Retirement Savings to Delay SS

. How much of your retirement savings in percentages do you plan on depleting in order to fund your delay? Do not have a planned amount but my net worth is still going up with me pulling out about 2% 2. Are you currently delaying? yes 3. Will/does the performance of your portfolio change your saving...
by bengal22
Sat Jun 27, 2015 10:16 am
Forum: Forum Issues and Administration
Topic: Can we put up to vote if forum members want to see topics that are financial but related to politics
Replies: 22
Views: 2097

Re: Can we put up to vote if forum members want to see topics that are financial but related to politics

I would not like to open up forum to political issues. This forum is about investing, retiring, consuming, etc. See way to much political division on facebook and other social media.
by bengal22
Thu Jun 25, 2015 4:35 pm
Forum: Personal Consumer Issues
Topic: Electric Bicycles
Replies: 14
Views: 1438

Re: Electric Bicycles

I would definitely go cordless.
by bengal22
Tue Jun 23, 2015 11:19 am
Forum: Investing - Theory, News & General
Topic: What was the 2008 crash like in real time?
Replies: 218
Views: 23765

Re: What was the 2008 crash like in real time?

Being an investment forum, we always tend to focus on the "what happened to me" aspect of a deep recession. For me, I was lucky. While I lost my job through a forced retirement(treated great though with severance and pension), I got a better job and was able to invest heavily in the 2007-2...
by bengal22
Mon Jun 22, 2015 4:25 pm
Forum: Personal Consumer Issues
Topic: Your Top 10 Books
Replies: 56
Views: 7375

Re: Your Top 10 Books

Bible
Huckleberry Finn ...Twain
V...Pynchon
Catcher in the Rye...Salinger
Power and the Glory...Greene
Grapes of Wrath...Steinbeck
Dune Triology(first 3)....Herbert
Run Rabbit Run...Updike
Human Stain...Roth
Great Gatsby...Fitzgerald
by bengal22
Mon Jun 22, 2015 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: holding a mortgage in retirement
Replies: 14
Views: 1534

Re: holding a mortgage in retirement

I am retired and am keeping 15 year mortgage(3,25%). It is still tax deductible for me and based on past performance of stocks/bonds I think I can do better not using investments to pay it off(call it leveraging if you wish).
by bengal22
Sat Jun 20, 2015 8:34 am
Forum: Investing - Theory, News & General
Topic: The "4% Rule" revisited
Replies: 102
Views: 13990

Re: The "4% Rule" revisited

Leesbro63 wrote:How many of these threads have there been in the last few years?


314
by bengal22
Thu Jun 18, 2015 9:35 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Did you spend much time wringing your hands over Retirement Savings as Many on Forum Do Today?
Replies: 98
Views: 14671

Re: Retirees: Did you spend much time wringing your hands over Retirement Savings as Many on Forum Do Today?

Well I'm certainly not deliberately trying to ruffle any feathers by asking the same old questions that you all have been obviously discussing for years. I'm relatively new on this site and have enjoyed learning a lot in my short time here. For me it's a brand new (and frightening) sensation - faci...
by bengal22
Thu Jun 18, 2015 6:32 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Did you spend much time wringing your hands over Retirement Savings as Many on Forum Do Today?
Replies: 98
Views: 14671

Re: Retirees: Did you spend much time wringing your hands over Retirement Savings as Many on Forum Do Today?

so let me get this straight: the majority of you have hundreds or thousands of posts on a retirement forum, and yet you confess how self-assured you were at retirement time with regards to a withdrawal rate and whether or not you'd have enough for retirement. call me skeptical :P I think the key ph...
by bengal22
Thu Jun 18, 2015 1:53 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Did you spend much time wringing your hands over Retirement Savings as Many on Forum Do Today?
Replies: 98
Views: 14671

Re: Retirees: Did you spend much time wringing your hands over Retirement Savings as Many on Forum Do Today?

Did not plan much but still followed the basic principles of personal finance: 1. Pay yourself 2nd(save, save, save), work hard at furthering career(more income), diversify investments, use low cost investments, and build personal/business relationships.
by bengal22
Mon Jun 15, 2015 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 226
Views: 50160

Re: Share your networth progression

Age 18: debt free, asset free Age 30: debt free, some assets Age 40: debt free, dot com theoretical millionaire Age 50: lots of housing equity, lots of housing debt, some financial assets-- falling interest rates mean I am probably worse off than I was 7 years ago (in terms of the annuity income th...
by bengal22
Wed May 27, 2015 9:49 pm
Forum: Personal Consumer Issues
Topic: Once in a life time trip.
Replies: 121
Views: 7512

Re: Once in a life time trip.

Based on my experience if the parents are involved and the trip is kept fun, then the kids will never forget it. Its not so much the destination but the family stuff that the kids will remember.
by bengal22
Mon May 25, 2015 2:45 pm
Forum: Local Chapters and Bogleheads Community
Topic: Memorial Day
Replies: 18
Views: 1771

Re: Memorial Day

Thanks for your service in WW2 and for your current service to this forum.
by bengal22
Mon May 25, 2015 2:44 pm
Forum: Personal Consumer Issues
Topic: Just bought new car, should I buy extended warranty?
Replies: 29
Views: 1768

Re: Just bought new car, should I buy extended warranty?

... So, I decided to try something brand new and was not too certain about the reliability of Hyundais. Well, I decided to purchase the "no deductible" plan and it turned out to be a very wise decision.... To each his own I guess. But if I was concerned about the reliability of a vehicle ...
by bengal22
Mon May 25, 2015 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads plan to utilize Independent Living facilities?
Replies: 59
Views: 3962

Re: Do Bogleheads plan to utilize Independent Living facilities?

I have a theory that if one wants to stay young, one should stay amongst the young. My plans do not include me living in an Independent Living facility although in my current house I am pretty independent(within the confines of marriage of course).
by bengal22
Mon May 25, 2015 2:40 pm
Forum: Personal Consumer Issues
Topic: old books and stamp collection
Replies: 4
Views: 468

Re: old books and stamp collection

maybe a rephrase of the question would get a reply?
by bengal22
Mon May 25, 2015 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: A different way of calculating when to retire
Replies: 26
Views: 2873

Re: A different way of calculating when to retire

- NOT the typical lifestyle creep that comes from mindless spending due to rapid hedonic adaptation, but definitely spending beyond the bare necessities of what could also make us happy.[/b] I have to admit the phrase "typical lifestyle creep that comes from mindless spending due to rapid hedo...
by bengal22
Sun May 24, 2015 3:56 pm
Forum: Investing - Theory, News & General
Topic: Let's hear your Dave Ramsey success stories
Replies: 79
Views: 12834

Re: Let's hear your Dave Ramsey success stories

Does an adult of normal intelligence really need a radio show, a speech, or a book to understand that spending more than they earn and getting into debt is bad for their long-term financial status? Some do, yes. Why do people spend tons of money with weight loss groups to have them tell them to con...
by bengal22
Fri May 22, 2015 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Career Advice: Follow "Passion" or Follow the Money?
Replies: 73
Views: 4902

Re: Career Advice: Follow "Passion" or Follow the Money?

I would question whether either option is your passion. You defined passion as 1)you don't hate doing it and 2)you are good at it. My experience tells me that if you were so motivated you could develop a passion with either option. I think passion grows from seeing results, learning in your professi...
by bengal22
Mon May 18, 2015 4:26 pm
Forum: Investing - Theory, News & General
Topic: Do you think Ric Edelman is correct, never pay down mortgage
Replies: 257
Views: 26817

Re: Do you think Ric Edelman is correct, never pay down mortgage

Plus, once you are retired, banks are not very willing to loan you money without any income. If you say you have a lot of money in investments, they might just ask why you aren't using it rather than getting a new mortgage. :oops: I don't think that is very accurate. Banks want your money(closing c...
by bengal22
Sat May 16, 2015 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 226
Views: 50160

Re: Share your story of how you got wealthy

Would never claim I was wealthy but I suggest 1) marry the right partner 2) Live in the same house for 34 years 3) work very hard at your profession 4) live below your means and save prodigiously 5) never listen to or pay a dime to a broker or other thief It maybe hard to believe but there are brok...
by bengal22
Thu May 14, 2015 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Networth question
Replies: 54
Views: 4935

Re: Networth question

Net worth includes everything. It might even include life insurance proceeds, if you have that in force. Now what is the UTILITY of figuring your Net Worth? Not much, really... In my case, I track my net worth because I think it is the best measurement for if my overall value is going up or down. I...
by bengal22
Tue May 12, 2015 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Post- Retirement Jobs
Replies: 18
Views: 2460

Re: Post- Retirement Jobs

I have not seen the discrimination for those over 50 that you have mentioned. I know of several engineers that have received project type work for short periods of time(months) that they can complete and then go back to retirement until the next opportunity comes along. I know someone that worked in...
by bengal22
Sun May 10, 2015 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Philosophies of frugality.
Replies: 64
Views: 7393

Re: Philosophies of frugality.

I think the boglehead philosophy actually unlocks one to spend more money. After we have earned it. By investing wisely, and being "value-conscious"(prior post), we can actually enjoy the finer things in life(like good coffee). But we have to realize that we need to invest early in life an...
by bengal22
Sat May 09, 2015 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 256
Views: 35300

Re: much ado about coasting (through life)

I think the main issue I have with the original post is the word "coast" : "to continue without serious effort, letting one's past efforts carry one along." To live life without purpose for me is rather a sad thing. One does not need to ever coast in life - even in retirement. I ...
by bengal22
Sat May 09, 2015 4:24 pm
Forum: Investing - Theory, News & General
Topic: "Should We Teach Teenagers to Trade?"
Replies: 30
Views: 2401

Re: "Should We Teach Teenagers to Trade?"

Yes, I think everyone needs to know how the market works. If the contest was over a 5-10 year period they would learn the importance of being diverse in their portfolio. I think it also would be important for them to learn how bonds, commodities, and other financial tools operate. I think this is a ...

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