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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: 241
Views: 24345

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: 6591

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: 334
Views: 22737

Re: Top 12.5% with $712,000 net worth

MichaelM24 wrote:Wow does that guy live in a bubble?

When you think being in the top 12.5% of the richest country ever is "modestly well off" you may be out of touch.


Think statistics. Mean vs Average.

burt
by burt
Sat Jan 11, 2014 8:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Top 12.5% with $712,000 net worth
Replies: 34
Views: 4932

Top 12.5% with $712,000 net worth

Interesting Scott Burns article. Hope the link works below. http://assetbuilder.com/scott_burns/another_kind_of_investing You reach a maximum net worth between the ages of 60-69. You are in the top 12.5% with a net worth of $712,000 - Including your home. Even with Social Security (and maybe a pensi...
by burt
Sat Jan 11, 2014 6:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Top 12.5% with $712,000 net worth
Replies: 34
Views: 4932

Re: The Winter Blahs

The short days are what bother me about winter, so I track the sunrise/sunset times closely. We are now at the point of the year where the sunset is getting later everyday and the sunrise is getting earlier. We are over the hump. That makes me feel better. Even though there is still a lot of cold w...
by burt
Sat Jan 11, 2014 5:56 pm
 
Forum: Personal Consumer Issues
Topic: The Winter Blahs
Replies: 48
Views: 2977

Re: Tired [of Corporate Life]

My two cents. 55 years old, making $400K per year. Not getting into numbers but it appears you are close to “Winning the Game”. Very close to maintaining your current lifestyle for the next 30 + years. Congratulations. You've fought battles over the years and have survived. In my experience, people ...
by burt
Tue Dec 31, 2013 9:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tired [of Corporate Life]
Replies: 57
Views: 6467

Re: How to fight work place bullying

Dear OP,
I am sorry for your situation. I have been in those shoes more than once in by 30+ year career.

1900’s Coal Mines:
“If the donkey dies, I have to buy another one. If you die, I just get another one.”

burt
by burt
Mon Dec 23, 2013 8:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to fight work place bullying
Replies: 76
Views: 4734

Re: What percentage of your income are you saving?

Wow, big numbers.
The Bogleheads are indeed not the average (or mean) of the population. Not even close.

Reminds me of the Bill Bernstein story.
Coconuts on an island. "matters not how much you save, but how much more you save than others".

burt
by burt
Sat Dec 14, 2013 8:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: What percentage of your income are you saving?
Replies: 208
Views: 11650

Re: Success Stories of Bogleheads

I feel very fortunate (lucky) to have stumbled onto the Bogleheads and the recommended reading list. When you are talking about investing 40 years of savings..... This is a Big Deal. When you are talking about living 30 years on savings........This is a Big Deal. For people of modest means it is eve...
by burt
Sat Nov 23, 2013 9:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Success Stories of Bogleheads
Replies: 62
Views: 6389

Re: Retiring at 50

praxis wrote: I do some things for others, which is key for me, and do some things for me.
"


Sometimes I wonder what to do in retirement. I would like to help others, as yourself.
Thank-you.

burt
by burt
Fri Nov 22, 2013 9:23 pm
 
Forum: Personal Consumer Issues
Topic: Retiring at 50
Replies: 67
Views: 8181

Re: Retiring at 50

solonseneca wrote:Without a doubt, at times I miss the people, activity and adrenaline of my former job. But I don't miss the stress. Life is good.


I hope to feel the same in a couple of years.

burt
by burt
Thu Nov 21, 2013 9:53 pm
 
Forum: Personal Consumer Issues
Topic: Retiring at 50
Replies: 67
Views: 8181

Re: Moving out of Thrivent

From looking at the website, Thrivent seems to believe they have found a niche market. They promote themselves to Lutherans. I am unaware that there is anything unusual about the investment habits of Lutherans. Seriously, this company is one to flee. I agree. Flee. Got my Mother out of Thrivent 20 ...
by burt
Sat Nov 09, 2013 9:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving out of Thrivent
Replies: 29
Views: 2008

Re: Poll: How conservative/aggressive is your AA for your ag

Age 58. 40% Stocks, 60% bonds/cash.
I guess I might be considered "conservative"......but I'm nervous.
No around the world vacations and trusts for children and grand-children.
Just trying to keep a roof over our head, and put food on the table for 30 years in retirement.

burt
by burt
Sun Nov 03, 2013 9:03 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: How conservative/aggressive is your AA for your age?
Replies: 106
Views: 5888

Re: How Do Bogleheads Diversify Fixed Income?

I'm a couple years from retirement. 40/60 (stocks/bonds). 50% of fixed income is Vanguard Total Bond. 50% of fixed income is Vanguard TIPS. I don't know......... "if you've won the game why keep playing ?" burt Can you please clarify how you "have won the game"? BTW, 85% of your...
by burt
Mon Oct 14, 2013 7:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: How Do Bogleheads Diversify Fixed Income?
Replies: 48
Views: 4996

Re: How Do Bogleheads Diversify Fixed Income?

I'm a couple years from retirement. 40/60 (stocks/bonds).
50% of fixed income is Vanguard Total Bond. 50% of fixed income is Vanguard TIPS.

I don't know......... "if you've won the game why keep playing ?"

burt
by burt
Sat Oct 12, 2013 7:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: How Do Bogleheads Diversify Fixed Income?
Replies: 48
Views: 4996

Re: 401(k) giant Fidelity sued over its own plan

Remarkable.

I guess it's just maximizing shareholder value. Wait a minute...this is a privately owned company.
It's the employees fault for not finding a better job.

burt
by burt
Sat Sep 14, 2013 8:30 pm
 
Forum: Investing - Theory, News & General
Topic: 401(k) giant Fidelity sued over its own plan
Replies: 34
Views: 3788

Re: The Incredible Importance of Social Security

Good article. Some comments: - For most people Soc. Security is a big deal. For many it's a matter of "sustenance and survival". - Soc. Security is too big to fail. A huge impact on the national economy. - When young people causally say that they don't expect to receive Soc. Security.... t...
by burt
Sun Sep 08, 2013 10:51 am
 
Forum: Investing - Theory, News & General
Topic: The Incredible Importance of Social Security
Replies: 97
Views: 9671

Re: strongly tapered retirement sending

Dad lives off company pension with a cola and SS, continuing to do so for the last 23+ years. House long paid for and real estate taxes lowered for the elderly helped. He never saved much. Pensions are great if you can get them. Sounds like a case for living off income only. Most think. going forwa...
by burt
Sun Sep 01, 2013 7:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: strongly tapered retirement sending
Replies: 22
Views: 2480

Re: Why are you trying to save so much money?

Why am I trying to save so much money ?

Because I've spent the past 36 years making other people rich, and wish to do so no longer.

burt
by burt
Sat Aug 17, 2013 7:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why are you trying to save so much money?
Replies: 131
Views: 22415

Re: Are you Walking in your Father's footsteps?

Interesting because I was thinking about this recently. I have much more formal education than my parents or grandparents. Make much more money indexed for inflation and have much higher net worth. I was recently thinking about my family and neighbors growing up. None of the parents were profession...
by burt
Sun Jul 07, 2013 8:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are you Walking in your Father's footsteps?
Replies: 83
Views: 8490

Re: What are you seeing in your Local Housing Market?

Remarkable. 2 + 2 does not equal 4. Those are some big numbers. Median home prices v.s. Median Income.

Sometimes I forget...this forum does not represent main stream America.

burt
by burt
Sun Jul 07, 2013 5:47 pm
 
Forum: Personal Consumer Issues
Topic: What are you seeing in your Local Housing Market?
Replies: 82
Views: 5738

Re: Mid Life Crisis help!

To OP,

Don't feel bad, you are not alone.

Not sure of the remedy: maybe get politically involved or .... save like a son of a gun and get the hell out asap.

"Hang in there, we're all in this together" - Red Green

burt
by burt
Sun Jul 07, 2013 5:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mid Life Crisis help!
Replies: 28
Views: 5939

Re: Do I really need a Smartphone?

Regarding Smart Phones in the work place. Ok I'm older, but when I see someone locked into their smart phone in the elevator, hallway, parking garage, break area, lobby,.... I'm not thinking good things. I'm hoping for an acknowledgement. Something like "hello", "good morning",&q...
by burt
Thu Jul 04, 2013 7:30 pm
 
Forum: Personal Consumer Issues
Topic: Do I really need a Smartphone?
Replies: 433
Views: 25638

Re: What do you wish you had learned sooner?

First 4 years working. Didn't save a dime. Spent every penny. Missed 36 years of compounding. First 4 years working. Put Christmas on a credit card. Had it paid off, just in time for the next Christmas. Rinse and Repeat. Car payments suck. Didn't realize the joy of no car payments till much later. b...
by burt
Sun Jun 30, 2013 9:48 am
 
Forum: Investing - Theory, News & General
Topic: What do you wish you had learned sooner?
Replies: 104
Views: 12324

Re: Your Home is Not a Good Investment

Currently I'm trying to convince my landlord that his rental investment is better than a 3 year CD paying 1.3 %. Not sure if he is going to buy into that idea. Serious foundation, related plumbing, and old AC unit may be causing him consternation. Can't say I blame him. Ooooh the poor people who buy...
by burt
Sun May 26, 2013 8:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your Home is Not a Good Investment
Replies: 145
Views: 11507

Re: How much money do you need to retire at 40?

Having spent most of my life making others (and their legacy) rich....Your goal is admirable.
All you need to do is make a lot and save a lot. Good luck.

burt
by burt
Sat May 11, 2013 8:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: How much money do you need to retire at 40?
Replies: 90
Views: 13259

Re: Are you Walking in your Father's footsteps?

I’m a Boomer. All things considered (kids, Mom stayed home, no degree) Dad did better.
Us children had stability and security..…something which I miss now.

burt
by burt
Fri Mar 29, 2013 7:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are you Walking in your Father's footsteps?
Replies: 83
Views: 8490

Re: Money Mag Article

I like this quote from Mr. Bernstein: "It's hard to cut back on risk and accept lower returns when your neighbors are getting rich." burt Show me your balance sheet, then we'll see if you truly are rich or is it just a mirage. In other words, show me the money. :moneybag ?? Not sure your ...
by burt
Fri Mar 15, 2013 7:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Money Mag Article
Replies: 74
Views: 13311

Re: What % of gross income do you spend on rent/mortgage?

Rent is 16% of gross.

burt
by burt
Fri Mar 15, 2013 9:36 am
 
Forum: Personal Consumer Issues
Topic: What % of gross income do you spend on rent/mortgage?
Replies: 132
Views: 6674

Re: Money Mag Article

I like this quote from Mr. Bernstein:

"It's hard to cut back on risk and accept lower returns when your neighbors are getting rich."



burt
by burt
Fri Mar 15, 2013 9:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Money Mag Article
Replies: 74
Views: 13311

Re: What's your number? Why?

60.

I had enough. Close to having enough.

burt
by burt
Mon Mar 11, 2013 5:44 am
 
Forum: Investing - Theory, News & General
Topic: What's your number? Why?
Replies: 258
Views: 21152

Re: What's your usual retirement day like ?

PaulW wrote:
find it hard to imagine the rigors of a full time job.

Paul


Ohhhhh I can imagine it. In fact I'm living it.........but not for long.
Monday is so bad, it even screws up Sunday.

burt
by burt
Sat Feb 09, 2013 10:21 am
 
Forum: Personal Consumer Issues
Topic: What's your usual retirement day like ?
Replies: 180
Views: 19536

Re: How Will Retirement Affect Our FICO score?

Good topic, which I've been pondering for a while. I plan to put 50% down on a retirement home and mortgage the remainder. Sounds like I should be buying the retirement home a few months prior to leaving the workforce. Will that plan work ?

burt
by burt
Sat Feb 09, 2013 9:20 am
 
Forum: Personal Finance (Not Investing)
Topic: How Will Retirement Affect Our FICO score?
Replies: 34
Views: 1878

Re: What podcasts do you listen to?

by burt
Sat Jan 19, 2013 9:03 pm
 
Forum: Personal Consumer Issues
Topic: What podcasts do you listen to?
Replies: 46
Views: 8675

Re: HELOC woes

I'm also one of these guys who pays cash for cars, pays off any credit card bills every month and does all those other financially responsible things. But that is going to bite me on the butt on the HELOC, meaning that I will have to liquidate some mutual fund assets I'd prefer not to. I'm another ...
by burt
Fri Jan 18, 2013 12:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: HELOC woes
Replies: 14
Views: 1369

Re: "7 retirement-planning myths debunked"

Us oldsters are paying dearly for the 2008-2009 crash. It ain't a tax but it sure feels like one. burt Why?...... If you didn't change your asset allocation, you should actually be ahead of the game. You would have bought stocks cheaper and they have recovered from the crash, so being a Bogelhead w...
by burt
Sun Dec 09, 2012 9:01 am
 
Forum: Investing - Theory, News & General
Topic: "7 retirement-planning myths debunked"
Replies: 17
Views: 3332

Re: Ever regretted a promotion? why?

Yes, I have regretted a promotion.

Got a promotion with only a bonus, no pay raise. Now being measured against higher level performers. Your ratings against peers has to go down.

There is a big salary overlap between pay grades.

Be careful.

burt
by burt
Sat Dec 08, 2012 9:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ever regretted a promotion? why?
Replies: 33
Views: 3364

Re: "7 retirement-planning myths debunked"

Taylor, this is a good article as it shows that the world has changed and that the old assumptions about retirement aren't true anymore. The current low interest rates makes it very hard to live off of a bond portfolio and it causes payments from immediate annuities to be lower. The lower returns f...
by burt
Sat Dec 08, 2012 9:15 pm
 
Forum: Investing - Theory, News & General
Topic: "7 retirement-planning myths debunked"
Replies: 17
Views: 3332

Re: Thoughts on Edward Jones?

I remember playing golf with a EJ guy 20 years ago. Mid 30's living high.

Run...........Don't walk.


Burt
by burt
Sat Dec 08, 2012 8:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Edward Jones?
Replies: 44
Views: 4830

Re: Does looking forward to retirement mean you havent found

Retirement is and always has been my passion. For most of my working years I had fairly decent employment, except for the last few years when it was horrible. But retirement, not career advancement, was always the ultimate goal. Even during the job's most enjoyable years I always viewed as a means ...
by burt
Sun Nov 04, 2012 10:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Does looking forward to retirement mean you havent found...
Replies: 77
Views: 4571

Re: What triggered you?

Back in 2000 a co-worker sent me a link to Scott Burns. From there it snow balled. I found the Bogleheads forum. Bought recommended books. Did a 401k rollover to Vanguard. I'm convinced this forum has saved me many thousands of dollars, and will allow me to retire 3 years early. Thanks to all. burt
by burt
Sun Oct 21, 2012 8:38 am
 
Forum: Personal Finance (Not Investing)
Topic: What triggered you?
Replies: 76
Views: 4999

Re: Long Term Care Policy: 45% premium increase!

dhodson wrote:of course its legal. The rate is NOT guaranteed with 99% of LTCi policies.


Pay expensive premiums for 20 years until you can't afford the increase......then be forced to let the policy lapse just about the time you need it.
What a deal.

burt
by burt
Sat Oct 20, 2012 8:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Policy: 45% premium increase!
Replies: 19
Views: 1663

Re: Long Term Care Policy: 45% premium increase!

This is legal ?

Kinda like mortgages with variable interest rates, and we know where that went.

burt
by burt
Fri Oct 19, 2012 7:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Policy: 45% premium increase!
Replies: 19
Views: 1663

Re: POLL: Do you freeze your credit?

Dentist office called and said they needed my social security number for insurance purposes. That gave me the creeps. I froze my credit reports immediately thereafter.

burt
by burt
Sun Oct 14, 2012 8:14 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Do you freeze your credit?
Replies: 27
Views: 1748

Re: coping with 9/80 schedule ?

9/80 schedule is a big deal for me.
8 hours, 10 hours, 12 hours....doesn't matter. If I have to go into work, the day is already ruined.

burt
by burt
Tue Sep 18, 2012 8:31 am
 
Forum: Personal Consumer Issues
Topic: coping with 9/80 schedule ?
Replies: 68
Views: 2651

Re: Boglehead-recommended books on Early Retirement

Although it impressed me at the time, I don't know how well its advice has held up (and I know the investment advice is flawed), but "Your Money or Your Life" is well worth a read for putting work in perspective. http://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/014311576...
by burt
Tue Sep 18, 2012 7:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Boglehead-recommended books on Early Retirement
Replies: 23
Views: 4428

Re: Boglehead-recommended books on Early Retirement

Seen this in my own family as well as watching The Living Dead at work in their 60's--tired, sick, and hanging on "just a few more years" (annually, it seems "just one more year) to either boost a pension, get to Medicare age, or to cover for unexpected life events or perhaps really ...
by burt
Tue Sep 18, 2012 6:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Boglehead-recommended books on Early Retirement
Replies: 23
Views: 4428

Re: Poll: Equity allocation if you had enough to retire

I've seen some "high number" people seriously--and terminally--whacked by terrible, debilitating, lingering illnesses. Their estates have largely evaporated. Lev Good point. A co-worker is considering whether to retire in the US or go back to his home country. His comment "Even with ...
by burt
Sun Sep 16, 2012 9:03 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Equity allocation if you had enough to retire
Replies: 61
Views: 3452

Re: 70 is the New 65

" The 401k experiment has been a train wreck." Hasn't this view been expressed, more or less, by Bill Bernstein and J Bogle? Correct me if I'm wrong. Lev The 401K experiment has been the best thing for my household since sliced bread. The train wreck comment is in regards to the fact that...
by burt
Sat Sep 08, 2012 5:23 pm
 
Forum: Investing - Theory, News & General
Topic: 70 is the New 65
Replies: 67
Views: 5748
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