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by bengal22
Wed May 27, 2015 9:49 pm
Forum: Personal Consumer Issues
Topic: Once in a life time trip.
Replies: 120
Views: 6123

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: 1091

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: 1282

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: 46
Views: 2054

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: 415

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: 2588

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: 11855

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: 4224

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: 23893

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: 201
Views: 37634

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: 4451

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: 2292

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: 60
Views: 5831

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: 173
Views: 20828

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: 2135

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 ...
by bengal22
Sat May 09, 2015 6:18 am
Forum: Personal Finance (Not Investing)
Topic: New Math for Retirees and the 4% Withdrawal Rule
Replies: 89
Views: 9866

NYT article on 4% retirement

[Thread merged into here, see below. --admin LadyGeek] Interesting read. http://www.nytimes.com/2015/05/09/your-money/some-new-math-for-the-4-percent-retirement-rule.html?hp&action=click&pgtype=Homepage&module=mini-moth&region=top-stories-below&WT.nav=top-stories-below&_r=0 ...
by bengal22
Thu May 07, 2015 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Easy careers to last me to retirement?
Replies: 141
Views: 17040

Re: What job to get to coast to Retirement at age 59 1/2?

With all due respect, if you are looking to "coast" please do not look for a job. I tried to accomplish things and get results up to the very end of my career(last hour). There are enough serious people out there looking for a job to waste one on someone putting in their time.
by bengal22
Tue May 05, 2015 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Forgiveness
Replies: 5
Views: 796

Re: Student Loan Forgiveness

Thanks, He is actually teaching at a Title One School and he does intervention for students with special needs. That would help him a bunch. Thanks for the reply. They wanted to charge $2000 to help him process the paperwork so we will do ourselves.
by bengal22
Tue May 05, 2015 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Forgiveness
Replies: 5
Views: 796

Student Loan Forgiveness

My son is a public school teacher with a large student loan that he will need to pay off starting soon. He has been told of programs that after a period of payment actually forgives the loan. I googled them and one is for school teachers and such and another is for low income(i.e. public teacher). H...
by bengal22
Sun May 03, 2015 6:56 am
Forum: Forum Issues and Administration
Topic: Polls Disabled
Replies: 60
Views: 3616

Re: Polls Disabled

I agree with Alex's decision. For the most parts the poles were pretty much worthless for information, especially actionable information. There is an art to constructing a useful pole and the real information is in the comments. Oh you said Poll.

Nevermind.
by bengal22
Fri May 01, 2015 2:32 pm
Forum: Investing - Theory, News & General
Topic: What do you consider "cash"
Replies: 32
Views: 2394

Re: What do you consider "cash"

I always considered CD's as cash although they are not as liquid as coins in your pocket.
by bengal22
Fri May 01, 2015 2:04 pm
Forum: Personal Consumer Issues
Topic: Things to do in Maui
Replies: 20
Views: 1652

Re: Things to do in Maui

road to Hana was fun
by bengal22
Thu Apr 30, 2015 1:32 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 849
Views: 119210

Re: What Movie Have You Recently Watched?

I just watched Heaven's Gate(the 2012 DVR edition) and absolutely love that movie. I watch it about every 2-3 years. Yes, the scenes tend to run slow, but each one packs a wallop. I love the plot, the acting, the music, and the scenery is unbelievable. This movie is one of the most maligned of all t...
by bengal22
Thu Apr 30, 2015 1:30 pm
Forum: Investing - Theory, News & General
Topic: What would happen if everyone at Fidelity went Boglehead?
Replies: 42
Views: 3555

Re: What would happen if everyone at Fidelity went Boglehead

Some non-profits structure themselves in such a way that they show no profits but their directors and other senior leaders get really good salaries. But they do not show a profit. I know of day-cares that operate this way. I assume Vanguard, which is not deemed a non-profit, does similar things such...
by bengal22
Mon Apr 27, 2015 5:28 pm
Forum: Investing - Theory, News & General
Topic: What would happen if everyone at Fidelity went Boglehead?
Replies: 42
Views: 3555

Re: What would happen if everyone at Fidelity went Boglehead

In the interest of full disclosure, I am a loyal customer of both Vanguard and Fidelity. I also strongly believe that Vanguard loves a "profit" as much as Fidelity does. Vanguard is an ultra-successful company that understood a consumer need before the consumer realized they needed it. Th...
by bengal22
Mon Apr 27, 2015 4:29 pm
Forum: Investing - Theory, News & General
Topic: What would happen if everyone at Fidelity went Boglehead?
Replies: 42
Views: 3555

Re: What would happen if everyone at Fidelity went Boglehead

In the interest of full disclosure, I am a loyal customer of both Vanguard and Fidelity. I also strongly believe that Vanguard loves a "profit" as much as Fidelity does. Vanguard is an ultra-successful company that understood a consumer need before the consumer realized they needed it. Th...
by bengal22
Mon Apr 27, 2015 3:46 pm
Forum: Investing - Theory, News & General
Topic: What would happen if everyone at Fidelity went Boglehead?
Replies: 42
Views: 3555

Re: What would happen if everyone at Fidelity went Boglehead

In the interest of full disclosure, I am a loyal customer of both Vanguard and Fidelity. I also strongly believe that Vanguard loves a "profit" as much as Fidelity does. Vanguard is an ultra-successful company that understood a consumer need before the consumer realized they needed it. The...
by bengal22
Sun Apr 26, 2015 6:43 am
Forum: Personal Consumer Issues
Topic: TV show recommendations?
Replies: 351
Views: 149768

Re: TV show recommendations?

watching 3rd season of Bored to Death - funniest thing on television
by bengal22
Sat Apr 25, 2015 9:50 pm
Forum: Investing - Theory, News & General
Topic: Tilting
Replies: 37
Views: 2212

Re: Tilting

I tilt heavily towards small and value. However, I often wonder why active managers under perform the s&p 500. Do they tilt? I understand the historical data behind small and value but why then haven't active managers been able to simply tilt and beat the market? Thx I would suspect the reason ...
by bengal22
Sat Apr 25, 2015 9:49 pm
Forum: Investing - Theory, News & General
Topic: Tilting
Replies: 37
Views: 2212

Re: Tilting

I tilt heavily towards small and value. However, I often wonder why active managers under perform the s&p 500. Do they tilt? I understand the historical data behind small and value but why then haven't active managers been able to simply tilt and beat the market? Thx I would suspect the reason ...
by bengal22
Sat Apr 25, 2015 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Tough to get a mortgage while retired?
Replies: 26
Views: 2610

Re: Tough to get a mortgage while retired?

I did not have a problem being retired and buying a house. I think if you have enough assets and no credit issues you will find someone to give you a good mortgage rate.
by bengal22
Fri Apr 24, 2015 7:46 am
Forum: Personal Consumer Issues
Topic: Who still have Cable TV?
Replies: 63
Views: 3099

Re: Who still have Cable TV?

I think a more important measurement is what do we pay for telephone, cell phones, internet, and television. Currently, I have a bundled housephone, cable TV, and internet, plus cell phones. Since we enjoy streaming(wife likes Hallmark stuff, some detective shows, and I like sports). We are looking ...
by bengal22
Thu Apr 23, 2015 2:14 pm
Forum: Investing - Theory, News & General
Topic: Do you Bogleheads really follow the 3-4% SWR rule?
Replies: 48
Views: 4723

Re: Do you Bogleheads really follow the 3-4% SWR rule?

No I don't. For one reason the onset of Social Security income will have changed the need for withdrawals before and after that change. SS is not the only financial factor that changes at some point in time. There have been and will be changes is expenses that have to be supported. One can anticipa...
by bengal22
Thu Apr 23, 2015 2:10 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds Poll
Replies: 72
Views: 3952

Re: Age in Bonds Poll

age - 13 but I have a pension and future S.S. to supplement, I am in stocks for the long haul.
by bengal22
Thu Apr 23, 2015 2:02 pm
Forum: Personal Consumer Issues
Topic: TV show recommendations?
Replies: 351
Views: 149768

Re: TV show recommendations?

abuss368 wrote:Finished "House of Cards" on Netflix. Is another season going to be released?


yes
by bengal22
Thu Apr 23, 2015 2:02 pm
Forum: Investing - Theory, News & General
Topic: Do you Bogleheads really follow the 3-4% SWR rule?
Replies: 48
Views: 4723

Re: Do you Bogleheads really follow the 3-4% SWR rule?

coachz wrote:What are some of the though processes they use please ?

jebmke wrote:I have said before, I know a lot of retirees and not one of them uses a mathematical method to draw from assets.


See above :happy
by bengal22
Thu Apr 23, 2015 2:00 pm
Forum: Investing - Theory, News & General
Topic: Do you Bogleheads really follow the 3-4% SWR rule?
Replies: 48
Views: 4723

Re: Do you Bogleheads really follow the 3-4% SWR rule?

I do not follow a 3-4% SWR rule. In fact, I would be hard pressed to know what my WR really is. I have a reduced private pension(thanks to government), distributions from my taxable accounts, and fun work income(4K). When there is a shortfall of funds to match expenses, I pull from my taxable accoun...
by bengal22
Thu Apr 23, 2015 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Marriage and splitting expenses
Replies: 112
Views: 7676

Re: Marriage and splitting expenses

We have a rule that solves the splitting expenses issues: "What is mine is hers and what is hers is hers."
by bengal22
Wed Apr 22, 2015 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: What age did your Net Worth first equal 10,000x your Weight?
Replies: 48
Views: 3581

Re: What age did your Net Worth first equal 10,000x your Wei

I follow Mr. Bogle's advice on never peeking at your weight. I know my net worth but have no idea what I weigh.
by bengal22
Tue Apr 21, 2015 10:35 am
Forum: Personal Consumer Issues
Topic: Taking Care Of Leaves
Replies: 18
Views: 1332

Re: Taking Care Of Leaves

I did it with a rake and a sheet and I carried it to the street where they sucked it up. Plus I mulched most of the area with the mower.
by bengal22
Sun Apr 19, 2015 10:31 am
Forum: Personal Consumer Issues
Topic: Anyone here experience a change to a "right to work" state
Replies: 14
Views: 1476

Re: Anyone here experience a change to a "right to work" sta

This will be a hard one to not make a political issue but I do know that union membership in private industry has been suffering a large decrease in the past 15 years. I live in a non-right to work state and many union members have seen layoffs or plant closings. I think it will be hard to predict f...
by bengal22
Fri Apr 17, 2015 9:53 am
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 146
Views: 15501

Re: Bernstein: "If you've won the game, stop playing."

I agree with Taylor's comments above. But, I think the concept of "winning the game" is nebulous at best. There is the winning that involves surviving, there is a winning that involves surviving with a certain level of frills, and there is a winning that involves fulfilling your dream of w...
by bengal22
Thu Apr 16, 2015 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Do you wish you retired earlier?
Replies: 28
Views: 3707

Re: Do you wish you retired earlier?

No, but I have kind of eased into it. I retired from a mega-corp at 56(drawing pension) but I then worked out of state for four years, retired again, and then last year had a 6 month job out of country. Now I volunteer at taxes and work at a golf course in the summer(low pay with plenty of golf). I ...
by bengal22
Tue Apr 14, 2015 1:40 pm
Forum: Personal Consumer Issues
Topic: Vehicle for tall people/Spouse wants 50k car help!
Replies: 77
Views: 5839

Re: Vehicle for tall people/Spouse wants 50k car help!

I am 6 foot 5 and loved my Tahoe and Avalanche . There is plenty of head and leg room in both the front and back seat. Plus, I have had no problems with quality or reliability. I think the japanese perceived edge in quality is a myth.
by bengal22
Mon Apr 13, 2015 10:32 am
Forum: Investing - Theory, News & General
Topic: Record keeping with Excel
Replies: 19
Views: 1615

Re: Record keeping with Excel

I do a simple balance sheet that I update monthly. I split it out by taxable, non-taxable, investment sum, house, total, liabilities, net worth. I do some formulas of investments to track performance on investment accounts(non-cash) to compare with benchmarks - Vanguard Target 2015,2020, Vanguard s&...
by bengal22
Thu Apr 09, 2015 4:10 pm
Forum: Personal Consumer Issues
Topic: Should I buy extended warranty for our new Toyota Sienna
Replies: 50
Views: 3507

Re: Should I buy extended warranty for our new Toyota Sienna

Hi, We just bought a new Toyota Sienna for our growing family. The sale manager applied tons of pressure to get us to purchase the extended warranty for the new car for the reason that there are so many electronics in the car that's basically waiting to break. We did pretty much get all the options...
by bengal22
Mon Apr 06, 2015 2:55 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 849
Views: 119210

Re: What Movie Have You Recently Watched?

I watched Robert Altman's The Player this morning (for perhaps the 10th time). One of the best films ever made about Hollywood. Also, it probably has the most A-List celebrity cameos in the history of film. When The Player first came out I really liked it and recommended it to a friend. A few weeks...
by bengal22
Mon Apr 06, 2015 2:53 pm
Forum: Investing - Theory, News & General
Topic: Mohamed El-Erian Has Most of His Money in Cash
Replies: 69
Views: 7950

Re: Mohamed El-Erian Has Most of His Money in Cash

Do not confuse him with Leon Russell. I have to admit I do not understand or remember the Leon Russell reference but I do have to say that I saw him in concert last week and he was great. While he walks with a cane, and has many health issues, he can still bang on the piano and sing away for 90 min...
by bengal22
Mon Apr 06, 2015 2:50 pm
Forum: Investing - Theory, News & General
Topic: Mohamed El-Erian Has Most of His Money in Cash
Replies: 69
Views: 7950

Re: Mohamed El-Erian Has Most of His Money in Cash

Do not confuse him with Leon Russell. I have to admit I do not understand or remember the Leon Russell reference but I do have to say that I saw him in concert last week and he was great. While he walks with a cane, and has many health issues, he can still bang on the piano and sing away for 90 min...

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