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Re: New Tony Robbins Book on Financial Freedom

I spent 30 minutes in the bookstore skimming the book. My review in a nutshell is that it's a mixture of motivational speech, novice financial advice, and interviews of prominent investors. Unless you're interested in all three aspects, the book is far too long. The all-weather portfolio inspired by...
by dad2000
Sat Nov 22, 2014 8:07 am
 
Forum: Investing - Theory, News & General
Topic: New Tony Robbins Book on Financial Freedom
Replies: 69
Views: 12230

Re: Jim Cramer dad & LTCI

Would SPIA's have any problem? Isn't it like a straight forward monthly payment? Yes, but joe8d is probably concerned that the insurance company could fail, and that the state guarantee associations won't make him whole. Personally, I'd be willing to take my chances on a SPIA with an A++ company. U...
by dad2000
Sat Nov 22, 2014 7:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Jim Cramer Dad & LTCI
Replies: 30
Views: 3403

Jim Cramer Dad & LTCI

I was flipping through XM Radio tonight on the drive home and caught Jim Cramer talking about his Dad's recent passing. I normally can't listen to him for more than 10 seconds because of his antics, but tonight was obviously different. It was a nice tribute, and he was clearly upset (to say it nicel...
by dad2000
Fri Nov 21, 2014 9:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Jim Cramer Dad & LTCI
Replies: 30
Views: 3403

Re: I may not make my retirement goals! What to do?

You are basing your models on living past age 95. That may be beyond your actuarial life expectancy. Look into the cost of a deferred annuity to cover your floor from age 85 onward, then rerun your models. SPIA is another option, but the payout rates will be low at your age. Either way, the mortalit...
by dad2000
Wed Nov 19, 2014 4:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: I may not make my retirement goals! What to do?
Replies: 49
Views: 3385

Re: An alternative to alternative investments

Yes $5M, but maybe one could gain access through an advisor by paying an additional wrap fee? Larry: I know that your feelings are that QSPIX is worth 150bp for the factor exposure, but I have my doubts that many of us would find the fund useful. I consider my standard of living to be pretty high, b...
by dad2000
Tue Nov 18, 2014 2:25 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 140
Views: 9106

Re: Credit Card Fraud - Need Advice

As a previous poster noted, ATM and credit cards are easily duplicated, and no PIN is required to use a credit card. Was the Walmart where the transactions occurred outside your normal area of travel? The fraud detection departments of my credit cards seem to be pretty good at picking up on this. I'...
by dad2000
Tue Nov 18, 2014 2:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Fraud - Need Advice
Replies: 32
Views: 2827

Re: Parents can be forced to pay college tuition in NJ?

http://www.divorcenet.com/states/new_jersey/payment_of_college_costs After reading the linked article, I can certainly understand whey the judge ruled as he/she did. Personally, I think that parents need to provide a security net until emancipation, but that requiring college tuition goes too far. I...
by dad2000
Fri Nov 14, 2014 3:28 pm
 
Forum: Personal Consumer Issues
Topic: Parents can be forced to pay college tuition in NJ?
Replies: 31
Views: 1921

Re: Boglehead family vacations

We did the Disney thing when the kids were in the 5-9 age range, pulling them out of school for a couple days. There are various websites that document crowd patterns and strategies to optimize the park experience. Arriving on the weekend, we hit the less busy parks like Sea World. We hit Disney on ...
by dad2000
Thu Nov 13, 2014 12:37 pm
 
Forum: Personal Consumer Issues
Topic: Boglehead family vacations
Replies: 44
Views: 3717

Re: Consider freezing your credit

I looked into LifeLock. I think that what I do is as good or better, and I would implement most of these protections with or without Lifelock anyway: My credit has been frozen for years. I might do a temporary lift once every few years, but it's not a huge hassle. I have my own monitoring. My accoun...
by dad2000
Thu Nov 13, 2014 9:03 am
 
Forum: Personal Consumer Issues
Topic: Consider freezing your credit
Replies: 45
Views: 3751

Re: Your favorite classic toys for kids

Plastic soldiers.
Etch a sketch.
Lego
Operation
All the outdoor stuff... basketball hoop, red trike, red wagon, bike with training wheels

My kids are still in grade school and played with all of them. The basketball hoop will always be a great long term investment.
by dad2000
Tue Nov 11, 2014 11:06 pm
 
Forum: Personal Consumer Issues
Topic: Your favorite classic toys for kids
Replies: 89
Views: 4178

Re: Boglehead family vacations

Florida and Caribbean are always going to demand top dollar during spring break if you go anywhere near the kid stuff. San Diego has plenty to do for both kids and adults. Charleston, S.C. is a beautiful town. Being from the northeast, we found that the beaches there were okay for us during spring b...
by dad2000
Tue Nov 11, 2014 11:00 pm
 
Forum: Personal Consumer Issues
Topic: Boglehead family vacations
Replies: 44
Views: 3717

Re: Scan my books to PDF?

There are only two ways I know of to do it in volume.

1. Destructive. Cut the spine, auto feed sheets.
2. Non-destructive. Person flips pages, camera takes pictures.

Destructive is relatively inexpensive. Non-destructive is not, usually $20-100 per book.
by dad2000
Thu Nov 06, 2014 12:12 pm
 
Forum: Personal Consumer Issues
Topic: Scan my books to PDF?
Replies: 8
Views: 922

Re: Question re Roth conversion and state (MA) tax reporting

I used the more popular one, so I wouldn't expect the same bugs. I have done Roth conversions as an MA resident.

In 2012, I did have an anomaly with the Forms 8606 where my basis wasn't carried over from the previously filings, so the taxable amount was wrong. I had to override it.
by dad2000
Wed Nov 05, 2014 3:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question re Roth conversion and state (MA) tax reporting
Replies: 7
Views: 448

Re: Question re Roth conversion and state (MA) tax reporting

Could you share with us which tax software you used?
by dad2000
Wed Nov 05, 2014 2:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question re Roth conversion and state (MA) tax reporting
Replies: 7
Views: 448

Re: Job Satisfaction and Risk Tolerance

Job dissatisfaction, and risk to my human capital in general could influence my allocation.

I would certainly ensure that my ER was adequate, but eliminating debt would be higher on my list.
by dad2000
Sat Nov 01, 2014 9:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Job Satisfaction and Risk Tolerance
Replies: 9
Views: 915

Re: Would this be a wash sale?

Looking at their composition, it seems to me like VTIAX and VFWAX are more likely to be called substantially identical.
by dad2000
Fri Oct 31, 2014 9:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Would this be a wash sale?
Replies: 4
Views: 338

Would this be a wash sale?

Sell: VTIAX (Total International Stock Index)
Buy: VTMGX (International Developed Market Index) + VEMAX (Emerging Markets Stock Index)

In reading the rules, I don't think so, but just want to make sure.
by dad2000
Fri Oct 31, 2014 9:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Would this be a wash sale?
Replies: 4
Views: 338

Re: What are you up YTD?

I trust that everyone who TLH'd earlier this month is happy with the place they landed. Flipping back to the original holdings may not be in the cards. But don't worry, there will be other chances for you to get back "home." It's difficult to find much to TLH in a 5 year bull market. I sl...
by dad2000
Fri Oct 31, 2014 11:32 am
 
Forum: Investing - Help with Personal Investments
Topic: What are you up YTD?
Replies: 213
Views: 18626

Re: What savings vehicle should I use for my car?

I-bond yields are also attractive relative to short term CDs and deposit accounts.
by dad2000
Thu Oct 30, 2014 11:09 am
 
Forum: Personal Finance (Not Investing)
Topic: What savings vehicle should I use for my car?
Replies: 35
Views: 1661

Re: MS Windows 7 Dead?

When you say security patches will be forthcoming as long as Win7 is on enterprise desktops. is that a fact or a wish? I love my Windows 7 but since they discontinued support for XP(that I loved) I have every reason to believe they will take this also 'from my cold dead hands.' Microsoft pledged su...
by dad2000
Wed Oct 29, 2014 4:02 pm
 
Forum: Personal Consumer Issues
Topic: MS Windows 7 Dead [in 2020]?
Replies: 26
Views: 2248

Re: MS Windows 7 Dead?

Windows 7 is firmly embedded on many corporate/enterprise desktops. Windows Vista was largely a disaster, and Windows 8 was a major step backward in usability for productivity type users. I wouldn't worry about this too much. While you may not be able to get phone support from Microsoft, security pa...
by dad2000
Wed Oct 29, 2014 11:34 am
 
Forum: Personal Consumer Issues
Topic: MS Windows 7 Dead [in 2020]?
Replies: 26
Views: 2248

Re: Are we really in the 0% bracket?

For reference, a documented TaxCaster LTCG bug: https://ttlc.intuit.com/questions/25794 ... al-bracket
by dad2000
Wed Oct 29, 2014 11:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Are we really in the 0% bracket?
Replies: 32
Views: 3903

Re: Do I need life insurance?

I haven't bought in almost a decade, but my recollection is that there were age tiers that caused sudden jumps in premiums. For example, I recall that getting my policy in effect before I turned 40 was a big deal. If this is still the case, and since you are 29, you may be on one of those tier bound...
by dad2000
Tue Oct 28, 2014 2:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I need life insurance?
Replies: 21
Views: 1380

Re: Done with Honda, not sure what next car should be?

I think we are looking for the Jack Bogle of auto manufacturing. He/she probably doesn't exist. I am generally a fan of Elon Musk in that he is forcing other manufacturers to innovate, and seems to be interested in doing the right thing. Their cars are still a little pricey from a pure value standpo...
by dad2000
Sun Oct 26, 2014 4:46 pm
 
Forum: Personal Consumer Issues
Topic: Done with Honda, not sure what next car should be?
Replies: 77
Views: 7437

Re: Retiring without any additional investments for 25 years

You are certainly well on your way.

I would suggest running your scenario through Firecalc to get an idea of the probabilities. But many life events can happen in the next 25 years, so nothing is certain. Do you have all of the insurance that you should (umbrella, term life, DI, etc.)?
by dad2000
Sun Oct 26, 2014 4:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiring without any additional investments for 25 years
Replies: 20
Views: 2881

Re: new interesting piece by Asness on hedge funds

I consider myself a BH, but don't feel that I have to be 100% indexed (Right now I'm 95% if you exclude my iBonds). I'm willing to consider any liquid, low-fee, well-diversified investment with decent risk adjusted returns. This is particularly the case if it has low or negative correlation to my ex...
by dad2000
Sat Oct 25, 2014 8:42 am
 
Forum: Investing - Theory, News & General
Topic: new interesting piece by Asness on hedge funds
Replies: 26
Views: 2301

Re: Feeling rich to feeling poor overnight

How long would you be able to keep the current arrangement if she weren't visiting? How long is she visiting for? I think the best options are: 1. Do a short term rental while she's visiting, continue to be caretaker. Pay double rent. 2. Move out of the current arrangement and rent something. Do the...
by dad2000
Fri Oct 24, 2014 8:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Feeling rich to feeling poor overnight
Replies: 85
Views: 10882

Re: question re. capital gains tax on "mandatory exchange"

This isn't official from the IRS, but otherwise seems to answer your question: https://ttlc.intuit.com/questions/14608 ... e-of-stock
by dad2000
Thu Oct 23, 2014 11:43 am
 
Forum: Investing - Help with Personal Investments
Topic: question re. capital gains tax on "mandatory exchange"
Replies: 5
Views: 467

Re: How did you buy your largest home?

Bought a $210k home with $50k down in 1997, sold it for $420k in 2003. I rolled the equity (about $270k) into an $800k+ home. I was able to refinance several times and paid it off. Having decent equity in the home from the beginning gave us the flexibility to refinance and minimized the stress level...
by dad2000
Wed Oct 22, 2014 8:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: How did you buy your largest home?
Replies: 25
Views: 2700

Re: Gross Yearly Income needed in Retirement (Speculation)

Will likely settle in a high cost of living area because we like the ocean.

Post tax:
$70K essentials
$50K discretionary
by dad2000
Tue Oct 21, 2014 5:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12939

Re: Kids & Sports

This isn't addressing the potential physical issues, but more the mental side and the tentativeness. Some kids prefer individual sports to team sports because they don't have that natural aggression to the ball that sports like soccer or basketball require. Have you considered other individual sport...
by dad2000
Fri Oct 17, 2014 4:23 pm
 
Forum: Personal Consumer Issues
Topic: Kids & Sports
Replies: 26
Views: 2348

Re: Target Date Funds

There is generally nothing wrong with target-date retirement funds as long as the fees are low. They may not result in the best tax-efficiency for individuals with significant assets in both taxable and tax-advantaged accounts. As has been said in other posts, you are better off choosing a target-da...
by dad2000
Fri Oct 17, 2014 3:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Target Date Funds
Replies: 4
Views: 566

Pimco vs. Jack Bogle on active management of bonds

http://www.pimco.com/EN/Insights/Pages/ ... ongly.aspx

Not much new in terms of the arguments. Perhaps the outflows into bond etfs are getting to them...
by dad2000
Fri Oct 17, 2014 11:25 am
 
Forum: Investing - Theory, News & General
Topic: Pimco vs. Jack Bogle on active management of bonds
Replies: 18
Views: 2037

Re: How did you get from $1M to $10M

I have to assume that you are referring to $10M in today's dollars absent any other information. In that context, I found $1M fairly easy to get to, but would find $10M almost impossible to get to while still enjoying life. Echoing others, very few people here need $300-400K for annual retirement ex...
by dad2000
Thu Oct 16, 2014 2:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: How did you get from $1M to $10M
Replies: 46
Views: 4130

Re: What are you up YTD?

+2.66%. AA is about 68/32, but the 68% includes tilting and slice/dice with foreign, reit, sv, ccf.
by dad2000
Wed Oct 15, 2014 11:48 am
 
Forum: Investing - Help with Personal Investments
Topic: What are you up YTD?
Replies: 213
Views: 18626

Re: Crazy asset-based fees in my 401K!

This is where size matters :D Do you know the size of your 401k plan (essentially Assets Under Management)? If it's under $10M, then the .95% wrapper probably puts your average ER in the 1.5% range, which would be fairly normal for a small plan by industry standards. If your plan is much larger than...
by dad2000
Tue Oct 14, 2014 10:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Crazy asset-based fees in my 401K!
Replies: 49
Views: 2578

Re: Gross microwave post

The interior coating of the microwave is probably acrylic enamel that has started peeling. This isn't an uncommon problem.

It is possible to recoat it with Microwave Cavity paint, but the safest thing to do is to replace it.
by dad2000
Mon Oct 13, 2014 6:01 pm
 
Forum: Personal Consumer Issues
Topic: microwave [inner surface problem]
Replies: 4
Views: 498

Re: Asness/AQR - Smart Beta Not New, Not Beta, Still Awesome

Try this: https://www.aqr.com/cliffs-perspective/ ... ll-awesome

Asness is a great writer, and I like his approach. But the multifactor fund is way too expensive by Boglehead standards.
by dad2000
Tue Oct 07, 2014 9:09 pm
 
Forum: Investing - Theory, News & General
Topic: Asness/AQR - Smart Beta Not New, Not Beta, Still Awesome
Replies: 2
Views: 460

Re: Question about popularity of HSAs

HSAs are limited by a list of eligible/ineligible expenses. 401K/IRA withdrawals are mostly limited by your age. I think most here would prefer to fill the 401K & IRA first because of the flexibility down the road. In retirement HSAs can pay for Medicare Part B Premiums and LTCI. They can also ...
by dad2000
Wed Sep 17, 2014 4:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about popularity of HSAs
Replies: 23
Views: 1434

Re: Question about popularity of HSAs

HSAs are limited by a list of eligible/ineligible expenses. 401K/IRA withdrawals are mostly limited by your age. I think most here would prefer to fill the 401K & IRA first because of the flexibility down the road. Also, IRAs and 401Ks, on average, have better investment choices than do HSAs. I ...
by dad2000
Wed Sep 17, 2014 2:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about popularity of HSAs
Replies: 23
Views: 1434

Re: Cape Cod; where to go and what to do?

Mostly reiterating what others have said, though my preference is for the mid to outer Cape: Definitely rent bikes for a day. The designated bike trails (Shining Sea included) are easy, even for casual riders. Strongly encourage a day trip to Ptown. Check out the Pilgrim Monument. Along the way, the...
by dad2000
Wed Sep 10, 2014 3:50 pm
 
Forum: Personal Consumer Issues
Topic: Cape Cod; where to go and what to do?
Replies: 13
Views: 1064

Re: Who sells fresh coffee that is not as strong as Starbuck

I'm in New England. We have a ubiquitous convenience store chain called Cumberland Farms. They've been upgrading their stores, and are definitely a step up from 7/11. Anyway, they have Green Mountain self-serve, any size, hot/cold, any flavor, for $0.99. I just make myself a half-caff. They do a dec...
by dad2000
Sat Aug 16, 2014 6:10 pm
 
Forum: Personal Consumer Issues
Topic: Who sells fresh coffee that is not as strong as Starbucks?
Replies: 50
Views: 2582

Re: Vanguard Lost My Account

How did they know that the person who accessed your account was not you? Their logs would contain the IP address of the person accessing the account. Those narrow down pretty well where the access is coming from. In my experience with fraud, the IP address will be associated with other (somewhat la...
by dad2000
Fri Aug 15, 2014 9:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Lost My Account
Replies: 94
Views: 12132

Re: Treasury Direct--just blowing off steam

My problem wasn't deleting OldBank. As you say, the form says you need to do that via the website, and I did. Sorry, I think I understand. You're trying to replace the OldBank with (FirstBank, Secondbank). I'm guessing that TD staff is instructed not to delete banks, so you'd have to do this: 1. Ad...
by dad2000
Fri Jul 25, 2014 5:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Treasury Direct--just blowing off steam
Replies: 58
Views: 4517

Re: Looking for insights on San Antonio

The Riverwalk is okay, but it's a dining/tourist attraction, and shouldn't be that much of a factor in whether you'd move there. Like many others, I did some stints in S.A. while on military active duty. OP: Are you single or married? Kids? Talked to your spouse? Investigated the school system? Mayb...
by dad2000
Fri Jul 25, 2014 5:01 pm
 
Forum: Personal Consumer Issues
Topic: Looking for insights on San Antonio
Replies: 33
Views: 1674

Re: Treasury Direct--just blowing off steam

I hadn't checked my TD account for a while, so I decided to log in. Here is the form: http://www.treasurydirect.gov/pdf/rs/PDF5512.pdf I think page 4 very clearly states that nothing on the PDF form leads to the deletion of bank accounts and that you should delete accounts through the web site. I'm ...
by dad2000
Fri Jul 25, 2014 4:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Treasury Direct--just blowing off steam
Replies: 58
Views: 4517

Re: Conservative Assumptions For Retirement Calculators

Just remember that real-life returns can be highly volatile as compared to average returns, and the sequence of returns can make or break things. Make sure you account for this.

You mentioned Firecalc. Otar ORC is another good tool that doesn't just rely averages.
by dad2000
Thu Jul 24, 2014 1:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Conservative Assumptions For Retirement Calculators
Replies: 14
Views: 1768

Re: Help with Math Problem

Oicuryy wrote:My guess.

Capacity A = Capacity B * ((Cost A/Cost B) ^ (1/.07))

Capacity B = Capacity A / ((Cost A/Cost B) ^ (1/.07))

Ron



Should be 0.7 not .07.
by dad2000
Thu Jul 24, 2014 1:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with Math Problem
Replies: 7
Views: 588

Re: 500K Sitting in a Bank Account

I would have a conversation with my siblings and all agree to a plan. Write it down. All sign it. +1 If necessary, spread it across institutions so that you have full FDIC insurance. Use a site like depositaccounts.com to ensure you're getting the best yields. Generally speaking, the yields for 1 y...
by dad2000
Thu Jul 24, 2014 12:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: 500K Sitting in a Bank Account
Replies: 17
Views: 1639

Re: Where is your brokerage account?

Vanguard & Schwab. The Schwab interface is far superior. And although this is slowly changing, the separate brokerage accounts within Vanguard are annoying. My Vanguard web account has more sub accounts (15) than funds owned because of all the permutations of types of accounts (mutual-fund, brok...
by dad2000
Wed Jul 23, 2014 3:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where is your brokerage account?
Replies: 41
Views: 2898
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