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by burt
Mon May 25, 2015 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 158
Views: 18792

Re: much ado about coasting (through life)

I worked 60 hours a week throughout my 20's, sometimes more. After work I was always satisfied walking around my awful studio apartment, petting my dog, researching dumb things on the internet, and generally doing nothing. I told myself it was because I was exhausted and needed to unwind. After a f...
by burt
Fri May 22, 2015 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 164
Views: 10371

Re: How much does social security factor into your retirement income?

While I hope to have enough that I wouldn't need SS, I fully expect it to still be there and still paying out near 100% for people like me (i.e. not a high enough earner or high enough net worth to get means tested out). Also, with my expenses and the spousal benefit, I expect SS to cover ~95% of o...
by burt
Fri May 22, 2015 7:29 am
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 164
Views: 10371

Re: How much does social security factor into your retirement income?

While I hope to have enough that I wouldn't need SS, I fully expect it to still be there and still paying out near 100% for people like me (i.e. not a high enough earner or high enough net worth to get means tested out). Also, with my expenses and the spousal benefit, I expect SS to cover ~95% of o...
by burt
Thu May 21, 2015 6:16 am
Forum: Personal Finance (Not Investing)
Topic: WP: Five big banks agree to pay more than $5 billion to settle regulatory charges
Replies: 6
Views: 800

Re: WP: Five big banks agree to pay more than $5 billion to settle regulatory charges

As shareholders of funds that have bank stocks.... is it fair to say that most of us on this board are indirectly paying this fine ?

:shock:

burt
by burt
Sat May 16, 2015 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 164
Views: 10371

Re: How much does social security factor into your retirement income?

For those who say SS factor is zero.......... better step up your saving. You'll probably need an extra cool million to replace it. burt Done. It's a sticky wicket. "If you want to retire early, what matters is not how much you save, but how much more than everyone else you save. In a world wh...
by burt
Sat May 16, 2015 9:45 am
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 164
Views: 10371

Re: How much does social security factor into your retirement income?

How much does social security factor into your retirement income ?

A lot.
1/3 of my retirement income when I start drawing in a few years.

For those who say SS factor is zero.......... better step up your saving.
You'll probably need an extra cool million to replace it.

burt
by burt
Sat May 16, 2015 6:17 am
Forum: Personal Finance (Not Investing)
Topic: Chasing the Big Dogs
Replies: 16
Views: 2205

Chasing the Big Dogs

Interesting article from Scott Burns. Distribution of net worth by age group. Some thoughts: - Median net worth looks much lower than I would have expected. - I am very glad to have a modest pension. - Maybe just maybe, I'm stepping just into the top 10% ..... and that ain't high living. http://asse...
by burt
Wed May 13, 2015 7:52 am
Forum: Personal Consumer Issues
Topic: I Hate Vacations
Replies: 113
Views: 9177

Re: I Hate Vacations

Image
by burt
Wed May 13, 2015 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Post- Retirement Jobs
Replies: 18
Views: 2288

Re: Post- Retirement Jobs

Maybe I've been in the professional workforce too long, but the consensus here seems to be that if you are out long enough (and particularly if you are over 50, and 55 agh! LOL) you are considered too rusty to return - the pattern I've seen in my work community (white collar professionals) is go bi...
by burt
Fri May 08, 2015 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 158
Views: 18792

Re: much ado about coasting (through life)

Slacker's Unite !

Image
by burt
Tue Apr 28, 2015 9:40 am
Forum: Personal Consumer Issues
Topic: [new position, facing an] hour commute (each way)
Replies: 52
Views: 3318

Re: [new position, facing an] hour commute (each way)

Regarding a long commute:

There is a reason why housing in the burbs is half the cost of city housing.
People will pay big money to avoid the commute.

burt
by burt
Tue Apr 21, 2015 4:46 am
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 146
Views: 15465

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

Yes, this is probably it. From 1940 to 1985 (a 45 years span!), in real dollars, intermediate term treasury (US) bonds lost more than 30% from their 1940 value, even 40% (!!) in the early 80s, before *finally* starting to recover in the mid 80s and 90s. It started by a 30% drop during the first dec...
by burt
Sat Apr 18, 2015 7:16 pm
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 146
Views: 15465

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

[/quote] See a lot of posts about losing it all 2008, 2010, will never do that again, etc, and don't quite understand. Can you please explain? Didn't you end up earning it back, or did you cash out? We lost too, what 45% or more?, but stayed in and it came back. Unfortunately didn't know about TLH t...
by burt
Sat Apr 18, 2015 8:29 am
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 146
Views: 15465

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

For those of us near retirement with modest means….. Mathematics of Loss and Sequence of Returns is a big deal. The early years of retirement set the stage for the remaining years. I suggest reading Jim Otar’s book “Unveiling the Retirement Myth”. Like William Bernstein, he speaks directly. 30/70, s...
by burt
Sun Apr 05, 2015 8:59 am
Forum: Investing - Theory, News & General
Topic: Did you learn anything from 2008?
Replies: 105
Views: 9052

Re: Did you learn anything from 2008?

When Bengen did his study he cited the 5 year Treasury returning 5.1% against 3% inflation. As a comparison, if interest rates go up 1% that treasury drops 5% but now yields 6.1% and the recovery time is under a year. Perhaps a year and change if you adjust for the CPI. Take today's 5 year yielding...
by burt
Sun Feb 22, 2015 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Cost basis of ESPP shares
Replies: 8
Views: 561

Re: Cost basis of ESPP shares

This issue is also discussed in https://www.bogleheads.org/forum/viewtopic.php?f=2&t=159031&p=2387064#p2387064 I am posting my response from that thread: It's not that Etrade does not want to provide the cost basis information. You have the IRS to thank for this confusion. The IRS issued a ...
by burt
Sun Feb 22, 2015 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Cost basis of ESPP shares
Replies: 8
Views: 561

Re: Cost basis of ESPP shares

I get 15% discount on ESPP shares. So shares worth 100 are bought at 85. After couple of years, say i sell them at 120 giving a gain of 35. I am seeing that in tax form broker is saying cost basis is 85 and reporting to IRS. Also on W2 15 dollar is shown as income and broker is providing a suppleme...
by burt
Tue Feb 17, 2015 7:50 am
Forum: Personal Finance (Not Investing)
Topic: When would you retire money no object?
Replies: 64
Views: 3721

Re: When would you retire money no object?

hoppy08520 wrote:
Dutch wrote:Today

Well, that didn't take long -- one minute after the starting post.

I'll second Dutch with another vote for "today".


Here's another "today". :beer

burt
by burt
Tue Feb 17, 2015 7:10 am
Forum: Investing - Theory, News & General
Topic: Average amount saved for retirement by age
Replies: 133
Views: 28558

Re: Average amount saved for retirement by age

I think there is going to be a time of serious reckoning in the next five to ten years when this sizable part of the population with much lower income/saving intersects with their current lifestyle/expenses. They are not going to make it with a few cut backs here and there. Any thoughts? The averag...
by burt
Fri Feb 13, 2015 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with problematic tenants.
Replies: 56
Views: 3816

Re: Dealing with problematic tenants.

ShiftF5 wrote:
burt wrote:Ohhhh Man, I like REIT's.

burt


You beat me to it.

I'd sell it and put the money in Total Stock Market Index and leave it.

"I never got a phone call from the stock market" 8-)


Nothing like sitting on my behind while making money.

Sometimes.......... I feel like a rich man.

burt
by burt
Fri Feb 13, 2015 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with problematic tenants.
Replies: 56
Views: 3816

Re: Dealing with problematic tenants.

Ohhhh Man, I like REIT's.

burt
by burt
Fri Feb 13, 2015 7:45 pm
Forum: Investing - Theory, News & General
Topic: Is "Financial Independence" the new "Retirement?"
Replies: 52
Views: 7168

Re: Is "Financial Independence" the new "Retirement?"

Interesting topic. Currently watching "The Men Who Built America". History Channel program now on Netflix. Vanderbilt, Carnegie, JP Morgan. A number I can't get out of my mind ... 1 in 11 steelworkers died per year in the late 1800's. The pendulum is swinging back. Yes, Financial Independe...
by burt
Sat Feb 07, 2015 4:50 pm
Forum: Investing - Theory, News & General
Topic: Vanguard and Corporate Governance
Replies: 7
Views: 627

Re: Vanguard and Corporate Governance

Voting proxies is one thing.... I guess I was thinking about large institutional investors stepping it up a notch. $3 trillion is a lot of weight to throw around. burt Beyond voting proxies, I'm not sure that Vanguard would or should be up to engaging corporate leaders at an individual company leve...
by burt
Sat Feb 07, 2015 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Advantages of working past your number
Replies: 53
Views: 4282

Re: Advantages of working past your number

Raybo wrote:Dying with more money.


:beer

burt
by burt
Sat Feb 07, 2015 8:31 am
Forum: Investing - Theory, News & General
Topic: Vanguard and Corporate Governance
Replies: 7
Views: 627

Re: Vanguard and Corporate Governance

Voting proxies is one thing.... I guess I was thinking about large institutional investors stepping it up a notch. $3 trillion is a lot of weight to throw around. "Shareholder activism is in full roar as hedge funds prowl and companies retreat, but Nelson Peltz’s campaign to replace four direct...
by burt
Fri Feb 06, 2015 6:25 pm
Forum: Investing - Theory, News & General
Topic: Vanguard and Corporate Governance
Replies: 7
Views: 627

Vanguard and Corporate Governance

Regarding: Vanguard Insight-Market and Economy. “5 Themes Critical to Investors Success” A letter to investors by Bill McNabb, Vanguard CEO, Jan. 23 2015 [/url]https://personal.vanguard.com/us/insights/article/5-themes-investor-success-012015[/url] "Corporate boards and mutual fund firms must e...
by burt
Sat Jan 31, 2015 8:31 am
Forum: Investing - Theory, News & General
Topic: The lowest stock allocation you plan to stay with
Replies: 79
Views: 4834

Re: The lowest stock allocation you plan to stay with

Texas Radio wrote:for simplicity will probably move all to Wellesley due to my future feeble mind and for uneducated heirs, so 40/60


Very Good !
There is wisdom in that simple sentence.

burt
by burt
Fri Jan 30, 2015 8:11 pm
Forum: Investing - Theory, News & General
Topic: The lowest stock allocation you plan to stay with
Replies: 79
Views: 4834

Re: The lowest stock allocation you plan to stay with

... Once you have accumulated a bit more than what you think will be more than enough, why invest in stocks at all? Some might argue why not invest the 'more than enough' in stocks since it won't matter if you lose it all. Exactly. Data doesn't mean much without knowing age and expected % withdrawa...
by burt
Fri Jan 30, 2015 8:20 am
Forum: Investing - Theory, News & General
Topic: The lowest stock allocation you plan to stay with
Replies: 79
Views: 4834

Re: The lowest stock allocation you plan to stay with

these allocations are bount to adjust lower once a black swan hits, I will be 20/80 at max in retirement. I want to sleep well at night. Retirement is not to try multiply assets in order to leave some behind, retirement investing goal is to preserve capital to meet ones financial obligation, if you...
by burt
Sat Jan 24, 2015 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Home Maintenance Expenses
Replies: 47
Views: 8588

Re: Annual Home Maintenance Expenses

I'm thinking of buying a house in the next few months, and I'm wondering how much I should budget annually for maintenance expenses. I've read that one can expect to pay 1% of the home's value annually in maintenance expense, but that seems high to me. I'm looking at houses in the $500K-$600K range...
by burt
Sat Jan 24, 2015 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Time for me to buy a condo?
Replies: 15
Views: 1161

Re: Time for me to buy a condo?

[/quote]
Right now I pay almost $3000/month in rent and I don't particularly like the place. Prices for a contemporary condo (perhaps a renovated townhouse) is about $550k for a 1BR and $750k for a 2BR. [/quote]

That is absolutely remarkable.
It's settled... I live on another planet.


burt
by burt
Sat Jan 24, 2015 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: negotiating vacation days
Replies: 37
Views: 2915

Re: negotiating vacation days

afurry91 wrote:15 is pretty good. I wouldn't push for more. That's the negative of starting new jobs.

I get 10, and don't get an increase for another 36 months.


I work with some young people and see their energy, optimism, excitement, vitality for life .... and weep that they are harnessed to the plow.

burt
by burt
Sat Jan 24, 2015 6:57 pm
Forum: Investing - Theory, News & General
Topic: TIPs, what do they really add
Replies: 33
Views: 2957

Re: TIPs, what do they really add

saltycaper wrote:
That said, I think TIPS are the best inflation protection out of a variety of generally poor options.


Very Good. I like that.

burt
by burt
Sat Jan 24, 2015 7:05 am
Forum: Investing - Help with Personal Investments
Topic: Gotta Be a Bear Market Coming
Replies: 64
Views: 8002

Re: Gotta Be a Bear Market Coming

Well I don't know, bull or bear.
However I did find this article interesting. Stocks seem to be overvalued.

http://www.huffingtonpost.com/jesse-felder/the-single-greatest-mista_b_6528350.html?utm_hp_ref=business&ir=Business

burt
by burt
Sat Jan 10, 2015 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security and Pension Question:
Replies: 36
Views: 3685

Re: Social Security and Pension Question:

A $95k annual income from COLA adjusted annuities is better than about 80% of American families. That gives you the freedom to do pretty much anything you want with your portfolio. OMG. What I would give for a COLA pension. Click the COLA box in the Otar calculator.... and live happily ever after. ...
by burt
Sat Jan 10, 2015 10:14 am
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 237
Views: 20971

Re: WHY is retirement enjoyable / something to look forward

Van wrote:If you had an extremely demanding and stressful occupation with no realistic alternative, you would not be asking this question.


+1
It's not a challenge.....it's survival.

burt
by burt
Fri Jan 02, 2015 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Help my friend's dad retire in 18 years
Replies: 15
Views: 1223

Re: Help my friend's dad retire in 18 years

Work till 70 ? That's a stretch.
I might be thinking about plan B.

burt
by burt
Thu Jan 01, 2015 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: 2015 Investment Resolutions
Replies: 9
Views: 855

Re: 2015 Investment Resolutions

This year I am going to give Jim Otar's Unveiling the Retirement Myth a second, more careful reading as I work toward a better and clearer mindset about entering the financial disbursement-- as opposed to accumulation-- phase of life. I've run the numbers. What I want to do before pulling the retir...
by burt
Wed Dec 31, 2014 8:35 am
Forum: Personal Finance (Not Investing)
Topic: What would you have done differently when retiring?
Replies: 116
Views: 13440

Re: What would you have done differently when retiring?

You are where I hope to be in just a few more years. For me, it's hard to plan how I'll manage all that free time when right now I don't have enough free time to do the planning :happy . So I'm thinking that, after I quit my job, I'm going to give myself at least a month to do nothing except decomp...
by burt
Sat Dec 27, 2014 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: How much notice to give prior to Retirement ?
Replies: 62
Views: 4865

Re: How much notice to give prior to Retirement ?

Thank-you Bogleheads for your response. Some judgmental (and unsubstantiated) comments. - Retirement notice ranged from 2 weeks to 2 years. - I'm guessing that longer notice is from older workers (like myself) who have a hard time adjusting to the new "paradigm shift". - Younger workers ? ...
by burt
Tue Dec 23, 2014 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: How much notice to give prior to Retirement ?
Replies: 62
Views: 4865

How much notice to give prior to Retirement ?

It’s not an evil organization, but they have damaged people and families in the past with sudden layoffs (In the name of shareholder value). Not evil, just business. They have been pretty good to me… but I don’t necessarily trust them. That being said, I don’t want to screw my co-workers by dumping ...
by burt
Sat Dec 20, 2014 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Taxes - Sticker Shock (And how to reduce)
Replies: 58
Views: 5638

Re: Federal Taxes - Sticker Shock (And how to reduce)

[OT comments removed by admin LadyGeek]

burt
by burt
Sat Dec 20, 2014 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: A perfect profession
Replies: 61
Views: 7006

Re: A perfect profession

For example, engineering worked very well for me, and 15-20 years ago, I was strongly recommending it. But now I am not so sure. Victoria You got that right. Engineering has turned into Nomads following work around the country and the world. Project complete or cancelled .... you're gone. Plant eng...
by burt
Fri Dec 19, 2014 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Having my year end review with my manager, what to expect?
Replies: 30
Views: 2962

Re: Having my year end review with my manager, what to expec

Performance reviews are a crock. Just engage, smile and play along. I wish management would concentrate on the top 10% “shooting stars” and the bottom 10% “one foot out the door”. For the 80% in the middle, it doesn’t make any difference how you perform. In fact for the 80% in the middle, chances ar...
by burt
Thu Dec 18, 2014 7:48 pm
Forum: Investing - Theory, News & General
Topic: Odds of portfolio survival = 90%; odds of my survival = 0.1%
Replies: 171
Views: 12131

Re: Odds of portfolio survival = 90%; odds of my survival =

I’d rather retire at 60 eating oatmeal, than 65 eating hot dogs.
Age 65 seems unreal.

burt
by burt
Sat Dec 06, 2014 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Helping my dad with his portfolio
Replies: 52
Views: 2803

Re: Helping my dad with his portfolio

Here is a booklet written for a beginner so you may like it and your dad might gain from "Hurdle five" about brokers: http://www.etf.com/docs/IfYouCan.pdf Also click on Amazon to the left column and it will bring you to Boglehead books there. See recommended books in Wiki. I like Boglehea...
by burt
Sat Nov 22, 2014 8:53 pm
Forum: Personal Consumer Issues
Topic: POLL: Do you personally own a cell phone?
Replies: 92
Views: 6763

Re: POLL: Do you personally own a cell phone?

Yes, recently bought a smart phone. Still, trying to figure out why. Told my friend at work that I now have one of those little boxes.....now I don't have to talk to him anymore. Most people look like idiots staring at those little boxes, vs interacting with those around them. OK...maybe it's just m...
by burt
Sat Nov 22, 2014 8:19 pm
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 125
Views: 10727

Re: What percent "Boglehead" are you?

Based on my investments.... 100%.
Diversified Index funds.

burt
by burt
Sun Oct 26, 2014 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling rich to feeling poor overnight
Replies: 85
Views: 11763

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
Sat Oct 25, 2014 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 14373

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 <...

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