Search found 253 matches

Return to advanced search

Re: Feeling rich to feeling poor overnight

Employers locate where they do in the perceived interest of the company's owners as filtered through the incentives the owners give to the managers who actually make the decisions, obviously. That's the thought process Usually a significant concentration of tech people are 'settled' in the bay area...
by burt
Sun Oct 26, 2014 7:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Feeling rich to feeling poor overnight
Replies: 85
Views: 10609

Re: Gross Yearly Income needed in Retirement (Speculation)

Hmm, apparently my previous post attempt got lost in the ether.... My wife and I are pretty sure we can live a good life on $50k (current after tax dollars). That would include a couple long vacations a year, some major increases in our hobby spending, and ACA health insurance. We could get by on <...
by burt
Sat Oct 25, 2014 8:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12466

Re: Feeling rich to feeling poor overnight

Do employers really understand the cost of locating employees in high cost areas? It was a big deal to move all project people on the same floor and wing so we could “collaborate”. However it was not an issue to work share half of the engineering hours to a group half way around the world with a 12 ...
by burt
Sat Oct 25, 2014 7:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Feeling rich to feeling poor overnight
Replies: 85
Views: 10609

Re: When can I afford to buy a home?

Don't buy a home until your job is stable.


burt
by burt
Sun Oct 19, 2014 7:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: When can I afford to buy a home?
Replies: 21
Views: 2541

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

I'm 52, an Engineering Project Manager, and have this feeling just about everyday now... Ahhh.... I'm not alone. 59, Engineering Leader. Currently more bad days than good days. The day's of fulfillment disappeared in 1996, and are now replaced with survival. Globalization and Shareholder value cont...
by burt
Sun Oct 19, 2014 7:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12473

Re: House broken into--please help

Another thing to keep in mind is that they will likely strike again if they get away with it this time. They will return after they believe the stuff has been replaced by insurance, remember they aren't that bright. Several of the people that I work with have been hit 2 and 3 times. Eventually thei...
by burt
Fri Sep 19, 2014 7:42 pm
 
Forum: Personal Consumer Issues
Topic: House broken into--please help
Replies: 16
Views: 2391

Re: Feeling smug until 10 year ROR from Vanguard

Maybe this is only new to me, but just noticed that Vanguard now has personal 10 year Rate of Return. I've been feeling smug during the past couple years with 5 year personal ROR's in the 9-10 % range. Now I see 10 year personal ROR at 5.1%. From memory I will attempt to paraphrase an author (maybe...
by burt
Sat Sep 13, 2014 7:15 pm
 
Forum: Investing - Theory, News & General
Topic: Feeling smug until 10 year ROR from Vanguard
Replies: 81
Views: 7783

Re: Calculated Spending: Cars

I never hated cars until I moved to a large city 7 years ago.
Even if by luck you don't get smashed the week after purchase, 20k per year commute will make the car worthless after 4 years.

Spend just enough to get reasonable reliability. $10,000 should do it.

burt
by burt
Fri Sep 12, 2014 7:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculated Spending: Cars
Replies: 42
Views: 2932

Feeling smug until 10 year ROR from Vanguard

Maybe this is only new to me, but just noticed that Vanguard now has personal 10 year Rate of Return. I've been feeling smug during the past couple years with 5 year personal ROR's in the 9-10 % range. Now I see 10 year personal ROR at 5.1%. From memory I will attempt to paraphrase an author (maybe ...
by burt
Fri Sep 12, 2014 7:15 pm
 
Forum: Investing - Theory, News & General
Topic: Feeling smug until 10 year ROR from Vanguard
Replies: 81
Views: 7783

Re: housing market - houston

I am amazed at how many people are so confident there's a housing bubble. Can they tell me tomorrow's lottery's numbers too? When people are bidding above asking price, that's a pretty good indication of a frothy market. I supposedly have a good job, and can't afford the "tear down" prope...
by burt
Thu Sep 11, 2014 8:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: housing market - houston
Replies: 15
Views: 807

Re: Would you quit over the pretend boss

Exec's don't like being told "no". they don't want you to simply lay the problems back at their feet. They DO want you to propose a way of working through this that solves problems and is visible. I am "disappointed" when someone stops by and sh*ts on my desk. And I tell them so...
by burt
Thu Sep 11, 2014 7:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would you quit over the pretend boss
Replies: 33
Views: 3040

Re: Quit/retire - should I do this?

Age 58
$2.5 M savings
$3.5 K/month S.S. @ age 66
No debt
$65 K/yr expenses
$20K/yr fun

It's time. Enjoy.

burt
by burt
Thu Sep 11, 2014 7:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quit/retire - should I do this?
Replies: 41
Views: 3839

Re: Drawing down a windfall...

Live below your means (you are not doing that).
Financial security is freedom, peace of mind, and tranquility.

burt
by burt
Sat Sep 06, 2014 7:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Drawing down a windfall...
Replies: 55
Views: 4252

Re: How to become a millionaire retiree -- then and now

I'm only being pedantic about this because I'm convinced that the reason many people don't save for retirement is they're convinced doing so requires a million dollars and that saving that much is "impossible" at their income levels (I don't believe this; a 50% savings rate isn't that har...
by burt
Mon Sep 01, 2014 6:49 pm
 
Forum: Investing - Theory, News & General
Topic: How to become a millionaire retiree -- then and now
Replies: 67
Views: 10141

Re: How to become a millionaire retiree -- then and now

Now, after nearly a whole 30 year public service job I am once again making about what a graduating engineer makes. You're doing OK if 30 year public service job was stable. How I wished that. Moving cross country in search of work really sucks at the age of 48 and 53. "It's not living, it's s...
by burt
Mon Sep 01, 2014 5:25 pm
 
Forum: Investing - Theory, News & General
Topic: How to become a millionaire retiree -- then and now
Replies: 67
Views: 10141

Re: How to become a millionaire retiree -- then and now

Those mean salaries seem rather low to me, so probably include minimum wage and lower workers. Minimum wage was about $1.80 in 1976. So 50 weeks times 40 hours times $1.80 per hour = $3600 a year at minimum wage in 1976, Fresh out of college engineers in 1978 - 1979 made about $30,000 a year with C...
by burt
Sun Aug 31, 2014 8:13 pm
 
Forum: Investing - Theory, News & General
Topic: How to become a millionaire retiree -- then and now
Replies: 67
Views: 10141

Re: Why invest in bonds?

"When you've won the game why keep playing ?" - Bill Bernstein

"Sequence of Returns is a Tough Nut" - burt

burt
by burt
Sun Aug 31, 2014 7:12 pm
 
Forum: Investing - Theory, News & General
Topic: Why invest in bonds?
Replies: 103
Views: 6607

Re: Investors Pour Into Vanguard, Eschewing Stock Pickers

I actually find this just a little bit troubling. No, I am not someone who sells active funds using the "what if everybody indexed" talking point, but I do worry about "will success spoil Vanguard?" Jack Bogle has a essay, is it in "Clash of the Cultures?" about the ri...
by burt
Sat Aug 23, 2014 7:19 pm
 
Forum: Investing - Theory, News & General
Topic: Investors Pour Into Vanguard, Eschewing Stock Pickers
Replies: 70
Views: 7195

Re: To be truly rich, take stock of your life before investi

Toons wrote:"So Why Bother Too Invest?"
Well speaking for myself,it was to eventually put my spouse and myself in a position where we could choose to do want we wanted to do with "our time". :happy


+1
Time...we are not immortal.
Not looking for riches, looking for peace of mind.

burt
by burt
Sat Aug 23, 2014 6:55 pm
 
Forum: Investing - Theory, News & General
Topic: To be truly rich, take stock of your life before investing
Replies: 30
Views: 4618

Re: Renting forever: financial suicide?

Suicide is an inflammatory word, and in the context of renting, it's used by those who want you to buy real estate. Keeping up with the theme, here are some other types of housing related suicide: - financial suicide of buying a house one cannot afford - lifestyle suicide of being cash-poor - life ...
by burt
Sat Aug 23, 2014 5:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Renting forever: financial suicide?
Replies: 92
Views: 11346

Re: Do Private Company's have an advantage ?

Ooops, may have messed this one up. See's is owned by Berkshire Hathaway. Berkshire is a public company. But.....they don't seem interested in competing with Hersey or Nestle. Not interested in being the Global Lord of Candy. Edit ---------------------------------------------------------------------...
by burt
Sat Aug 16, 2014 7:22 pm
 
Forum: Investing - Theory, News & General
Topic: Do Private Company's have an advantage ?
Replies: 11
Views: 686

Re: Do Private Company's have an advantage ?

I think it is public companies who have the advantage as they have easy access to capital. Private companies have to fund everything from cash flow from operations or through debt. I'm thinking Krispy Kreme donuts. Talked to a guy who said their family would drive 30 miles on Sunday morning for fre...
by burt
Sat Aug 16, 2014 6:54 pm
 
Forum: Investing - Theory, News & General
Topic: Do Private Company's have an advantage ?
Replies: 11
Views: 686

Do Private Company's have an advantage ?

Do private companies have an advantage over public companies ? I think of Wegmans grocery stores in the North East (founded 1916. 83 stores. 10 more being built). We would frequently drive 45 minutes one way to go to Wegmans. We loved that store. Wegmans consistently ranks high for employee satisfac...
by burt
Sat Aug 16, 2014 5:39 pm
 
Forum: Investing - Theory, News & General
Topic: Do Private Company's have an advantage ?
Replies: 11
Views: 686

Re: A new stock index: companies with happy employees

Sorry, but I think I'm off topic. I'll start another thread. burt I think of Wegmans grocery stores in the North East (founded 1916. 83 stores). We would frequently drive 45 minutes one way to go to Wegmans. We loved that store. Wegmans consistently ranks high for employee satisfaction. Wegmans is a...
by burt
Fri Aug 15, 2014 8:32 pm
 
Forum: Investing - Theory, News & General
Topic: A new stock index: companies with happy employees
Replies: 23
Views: 2211

Re: Renting forever: financial suicide?

"Landed gentry is a largely historical privileged British social class, consisting of land owners who could live entirely off rental income." Food, clothing, shelter, the basics of life. Amazing how shelter became a speculative casino. Really glad to be stepping off this train next year. b...
by burt
Thu Aug 14, 2014 8:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Renting forever: financial suicide?
Replies: 92
Views: 11346

Re: That sudden moment when Money is not a Problem.........

This thread reminds me that my 59-year-old husband (in apparently vibrant health, and having meticulously cared for himself via lifestyle and regular physician visits due to family history) and I were planning a dream trip to Finland for last summer. We were having so much fun planning it. Sadly an...
by burt
Fri Aug 08, 2014 7:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: That sudden moment when Money is not a Problem
Replies: 33
Views: 6833

Re: Landlording for long-term wealth? Who's doing it?

Probably been discussed before but here is my take. Re-watching "The Flaw" on Netflix. There are "goods" and there are "assets" "Goods" are those items which are consumed (cars, dishwashers, clothes, food, i-phones, etc) "Assets" are those items whic...
by burt
Sat Aug 02, 2014 7:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Landlording for long-term wealth? Who's doing it?
Replies: 68
Views: 8082

Re: Landlording for long-term wealth? Who's doing it?

I have been a landlord for 50 years. I'm sure you know this, but it's more hands on than Boglehead type investing. You are lucky to have a good tenant. I am almost 71 years old. All my rentals are paid off, so I have good cash flow. It can be financially rewarding but keep in mind there will be man...
by burt
Fri Aug 01, 2014 8:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Landlording for long-term wealth? Who's doing it?
Replies: 68
Views: 8082

Re: Principal Residence = Poor Investment?

It comes down to:

How long do you plan to live in the home ?

How much control do you have in deciding to live in the home ?

burt
by burt
Fri Aug 01, 2014 8:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Principal Residence = Poor Investment?
Replies: 70
Views: 5547

Re: Dave Ramsey still defending 12% and still angry at "nerd

Dave Ramsey is a well paid entertainer with knowledge of budgets, debts, and maybe real estate.
His knowledge of investments is limited to those who pay him.

burt
by burt
Fri Aug 01, 2014 7:44 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 23373

Re: Engineer career change

Currently engineer at Mega Corp.
5 employers over 30 years. Some moves my decision.... some not.
I used to like the profession until Wall Street gained control in the mid 90's.
It's a tough profession.
I probably wouldn't choose it again.


burt
by burt
Sat Jul 12, 2014 7:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Engineer career change
Replies: 55
Views: 5818

Re: Real Estate Prices By Region

Redfin is another one. I live in the Phoenix area and spent a lot time in Arizona and then the Phoenix area nailing down where I wanted to retire. +1. If your target area is supported by RedFin, I would highly recommend their site. very easy to use and updated daily. much better than zillow/trulia....
by burt
Sat Jul 12, 2014 7:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Real Estate Prices By Region
Replies: 9
Views: 1787

Re: Recent problems with Vanguard's website?

Yesterday tried to reserve a rental car..... but website was crashing using Chrome.
Successful using Internet Explorer.

Maybe try using a different browser.

burt
by burt
Sat Jul 12, 2014 5:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Recent problems with Vanguard's website?
Replies: 21
Views: 1617

Re: Are hybrid cars a good idea yet?

I wish gasoline was priced at the true price without subsidies, direct and indirect.
$7/gallon would benefit the country, if not the world.

burt
by burt
Sun Jun 15, 2014 7:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are hybrid cars a good idea yet?
Replies: 105
Views: 8619

Re: Poll: Luxury and Happiness

cheese_breath wrote: Now my primary luxury is Nabisco pinwheel cookies.


I like that. Very good.

I guess my pleasures might be homemade bread and quality shoes. Not stylish shoes, comfortable shoes.
OK, Good Bourbon.

burt
by burt
Sat Jun 07, 2014 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Luxury and Happiness
Replies: 141
Views: 8853

Re: Worst "Large purchase" ever?

We took vacations in 2005 (Greece) and 2006 (Paris) that we really couldn't afford at the time. We were newly married back then and weren't really thinking very clearly about the consequences of spending so casually. At least we got to see some interesting places, have some memorable experiences, a...
by burt
Mon May 26, 2014 7:49 pm
 
Forum: Personal Consumer Issues
Topic: Worst "Large purchase" ever?
Replies: 110
Views: 12133

Re: Worst "Large purchase" ever?

Perhaps luckily, the engine blew at 18k miles and I bought a used car that I didn't idolize and since then cars are just transportation. "since then cars are just transportation". I'm with you 100%. Since moving to the big city, I've realized that driving is a damn dangerous activity and ...
by burt
Sat May 24, 2014 8:18 pm
 
Forum: Personal Consumer Issues
Topic: Worst "Large purchase" ever?
Replies: 110
Views: 12133

Re: How do you make your money?

Engineer Mega Corp.

I'm really valuable when they need me....not so much when they don't.

burt
by burt
Sat May 24, 2014 7:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you make your money?
Replies: 97
Views: 14692

Re: Roll Call for the Retirement Class of 2014!

BoulderTrojan wrote:My last day of work was April 10, 2014. Age 53. My goal since age 18 has been to retire.


I like that. Not many will admit it.

burt
by burt
Sat May 24, 2014 7:14 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2014!
Replies: 228
Views: 21615

Re: Roll Call for the Retirement Class of 2014!

Congratulations to the Class of 2014 !

You guys/gals are the cool seniors....I'm a Junior looking at you as a role model.
Graduation in 2015.

burt
by burt
Fri May 23, 2014 8:14 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2014!
Replies: 228
Views: 21615

Re: Social Security at 62? Let’s Run the Numbers

I don't spend any time thinking about what I could have had if I had waited to take Social Security at a later age. I do know that I have received about 20k in payments since I turned 62 and have enjoyed spending every penny of it...No regrets whatsoever,the plan is working :happy You got it. Congr...
by burt
Sat May 17, 2014 9:24 pm
 
Forum: Investing - Theory, News & General
Topic: Social Security at 62? Let’s Run the Numbers
Replies: 101
Views: 7878

Re: Social Security at 62? Let’s Run the Numbers

Johm221122 wrote:
burt wrote:Everyone has different circumstances ...but for me....

Time is more valuable than money. Taking SS at 62.

burt

What does time have to do with it, you don't have to take SS to retire :?:
John


Yes, if you have sufficient assets, you could just skip SS.

burt
by burt
Sat May 17, 2014 8:43 pm
 
Forum: Investing - Theory, News & General
Topic: Social Security at 62? Let’s Run the Numbers
Replies: 101
Views: 7878

Re: An easy way to save money: Avoid the $300,000 car.

If you truly love driving a nice car, get one... I value 3-5 years of not having to work more.[/quote]

"I value 3-5 years of not having to work more."

You got it.

burt
by burt
Sat May 17, 2014 8:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: An easy way to save money: Avoid the $300,000 car.
Replies: 152
Views: 18423

Re: Social Security at 62? Let’s Run the Numbers

Everyone has different circumstances ...but for me....

Time is more valuable than money. Taking SS at 62.

burt
by burt
Sat May 17, 2014 7:51 pm
 
Forum: Investing - Theory, News & General
Topic: Social Security at 62? Let’s Run the Numbers
Replies: 101
Views: 7878

Re: Behavioral Impacts of the Sequence of Returns

Sequence of Returns……Ohh Damn, now I have something else to worry about. I like these Monte Carlo Simulations… I run out of money at 85 or I die with $2 million at age 90. Feels like the lottery. (and half the population doesn’t know the difference between a stock and a bond...assuming they have any...
by burt
Sat May 10, 2014 7:24 pm
 
Forum: Investing - Theory, News & General
Topic: Behavioral Impacts of the Sequence of Returns
Replies: 53
Views: 2534

Re: A Short Survey for Retirees

I had a stressful job with lots of projects, deadlines, and scrutiny by management when problems ensued. I always joked that I delegated stress but that was clearly not true. What I did not realize is how that affected me outside of work. I retired 3 years ago and I am now much more relaxed and it ...
by burt
Fri May 09, 2014 7:40 pm
 
Forum: Personal Consumer Issues
Topic: A Short Survey for Retirees
Replies: 73
Views: 5455

Re: Why am i stressed after being laid off? (3yr expenses sa

Yes, I think it is normal to be stressed after a layoff. Fear of the future. Fear of the unknown. I've been there. Laid off twice within 5 years. I remember losing my youthful optimism during those times. It never really came back. Remember, you can't prevent the attack....only your response to it. ...
by burt
Sat May 03, 2014 10:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Why am i stressed after being laid off? (3yr expenses saved)
Replies: 15
Views: 2589

Re: William Bernstein-When you've won the game, why keep pla

What a great thread. To the OP: My situation is very close to yours. My plans are similar to yours. To Bill Bernstein: Thank-you, for sharing your knowledge. Your statement “When you’ve won the game, why keep playing ?” is incorporated into my investment plan (verbatim). I’ve read the statement “nee...
by burt
Sat Mar 15, 2014 7:38 pm
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 264
Views: 34034

Re: Age in Bonds - Who Follows a Different Strategy?

Yes, I guess I follow this formula. 40/60 stocks/bonds... but I am apprehensive. Basic living needs.... need to be secure. You can gamble a bit with trust funds for Grandchildren. In my opinion Age in Bonds works best for those with assets beyond basic living needs. burt For those that need a remind...
by burt
Sat Jan 25, 2014 8:49 pm
 
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Who Follows a Different Strategy?
Replies: 132
Views: 7139

Re: High Earners - What's Your Profession?

Software in the Midwest. The definition of "high earner" is debatable, of course. Yes, if you make over $100k, you are in the top ~6% of individual income, so in that sense you would be a high earner compared to the 94% that make less than you. Looked at from that vantage point, of course...
by burt
Sun Jan 12, 2014 11:41 am
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 357
Views: 28780
Next

Return to advanced search