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Re: skewing to take advantage of capital-loss carryforward?

Any suggestions for Bogleheadian investments that would be more tax-efficient with respect to skewing towards throwing off capital gains rather than dividends, without unduly sacrificing expected total return? Nope. You seem to be doing the best one can do. Those carryforward losses will be very us...
by freebeer
Tue Apr 15, 2014 10:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: skewing to take advantage of capital-loss carryforward?
Replies: 8
Views: 603

Re: SCV premium is a history/math story, its not scientific

Oh, and of course we always need to remember that... "Investing is not a science."--John C. Bogle... Tell that to the quants that are making billions for proprietary trading firms via high frequency trading! Well, as LH noted each of us is part of the investing herd and what one does as p...
by freebeer
Tue Apr 15, 2014 9:55 am
 
Forum: Investing - Theory, News & General
Topic: SCV premium is a history/math story, its not scientific
Replies: 46
Views: 2229

Re: Do I take the separation package offer?

btw - regarding unemployment - you can get it written in to the agreement that the employer "will not contest the application for unemployment benefits". Essentially, insuring in writing that you should be able to successfully apply for unemployment. It's worth asking, but OP already said...
by freebeer
Tue Apr 15, 2014 9:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Do I take the separation package offer?
Replies: 50
Views: 4430

Re: skewing to take advantage of capital-loss carryforward?

Any suggestions for Bogleheadian investments that would be more tax-efficient with respect to skewing towards throwing off capital gains rather than dividends, without unduly sacrificing expected total return? Nope. You seem to be doing the best one can do. Those carryforward losses will be very us...
by freebeer
Mon Apr 14, 2014 9:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: skewing to take advantage of capital-loss carryforward?
Replies: 8
Views: 603

Re: The slackening...

Recently read a wonderful novel by Phillipp Meyer, "The Son", about the origins of a very wealthy Texas rancher/oilman, and his many descendants.... What's interesting to me about this is how everyone puts it on the descendents . But, the successful self-made entrepreneur is really the &q...
by freebeer
Mon Apr 14, 2014 6:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: The slackening...
Replies: 57
Views: 5723

Re: How much is rich?

... To be in the 1%, one needs to have family wealth over about $15 million ...Source for the statistics: http://www2.ucsc.edu/whorulesamerica/power/wealth.html Misleading and incorrect. The $15 million number is the *mean* of wealth in the top 1% which is of course skewed by the ultra-wealthy few....
by freebeer
Sun Apr 13, 2014 10:53 am
 
Forum: Personal Finance (Not Investing)
Topic: How much is rich?
Replies: 47
Views: 2409

Re: How much is rich?

... To be in the 1%, one needs to have family wealth over about $15 million ...Source for the statistics: http://www2.ucsc.edu/whorulesamerica/power/wealth.html Misleading and incorrect. The $15 million number is the *mean* of wealth in the top 1% which is of course skewed by the ultra-wealthy few....
by freebeer
Sun Apr 13, 2014 9:10 am
 
Forum: Personal Finance (Not Investing)
Topic: How much is rich?
Replies: 47
Views: 2409

skewing to take advantage of capital-loss carryforward?

I noticed this year that our tax bill from dividends is getty pretty high, even though we have a simple portfolio with majority of our taxable equity allocation in TSM (VTSAX) and only 3 other holdings being slices for small-cap, total international, and emerging markets (VSMAX, VTIAX, and VEMAX). W...
by freebeer
Sat Apr 12, 2014 12:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: skewing to take advantage of capital-loss carryforward?
Replies: 8
Views: 603

Re: REITS up (Still impossible to time the mkt)

I have stuck with my REITs despite excellent posts by Dr. Bernstein, Larry Swedroe, and Garland Whizzer stating their informed opinions that REITs are overvalued compared to historical measures. I am still buying them... Do you have your own informed opinion that is contrary to those of Dr. Bernste...
by freebeer
Sat Apr 12, 2014 10:57 am
 
Forum: Investing - Theory, News & General
Topic: REITS up (Still impossible to time the mkt)
Replies: 13
Views: 1915

Re: Expensive med. test not covered by insurance

... The doctor is responsible for practicing medicine. What your insurance covers or how you finance the payment is, unfortunately, not the doctor's responsibility... This may be, technically, true. That being said my internist is extremely clear with me about what his understanding is of what insu...
by freebeer
Sat Apr 12, 2014 10:34 am
 
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 74
Views: 3512

Re: Do I take the separation package offer?

What is not clear is what are the expected alternative benefits if you stay until your planned retirement date a year from now. If the answer is "nothing" then I agree with the other responses - take it! But if there are other benefits that would accrue if you stayed another year, such as ...
by freebeer
Tue Apr 08, 2014 2:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I take the separation package offer?
Replies: 50
Views: 4430

Re: Property investment: should my name be on the deed?

One question is whether you are will be the "passive" investor and your friend the "active" manager of the rehab (since he's in the construction business). If he is in some sense acting like the general contractor then does he get a fee for this on top of splitting the profits? I...
by freebeer
Mon Apr 07, 2014 9:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Property investment: should my name be on the deed?
Replies: 15
Views: 693

Re: Putting $ away for children

It's very simple. Money in a UGMA/UTMA belongs to the child. When the money is given, it belongs to the child. Which part of "belongs to the child" do you not understand? When the child becomes a major, the custodian's rights should be terminated and the UTMA retitled properly in the name...
by freebeer
Thu Apr 03, 2014 11:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Putting $ away for children
Replies: 103
Views: 5373

Re: building owners - Joint Tenants vs Tenants in Common

+1 to your needing a laywer. FWIW, I've found avvo.com to be a great place to get free legal advice from attorneys and preview who in your area has the relevant expertise (with caveat that the attorneys who have enough time to answer questions on avvo.com to troll for clients are probably not at the...
by freebeer
Wed Apr 02, 2014 11:36 am
 
Forum: Personal Finance (Not Investing)
Topic: building owners - Joint Tenants vs Tenants in Common
Replies: 2
Views: 234

What would a Bogleheads Variable Annuity Look Like?

We know we can get higher lifetime spending by pooling mortality risk (annuitizing). But the insurance companies who offer SPIAs tack on extra fees and in order to guarantee meeting their obligations have to make ultra-safe investments which means you are getting less spending and are subject to inf...
by freebeer
Wed Mar 12, 2014 2:06 am
 
Forum: Investing - Theory, News & General
Topic: What would a Bogleheads Variable Annuity Look Like?
Replies: 6
Views: 632

Re: Stay or move is the financial question.

I lived 15 years in the Bay Area and would take a 50% pay cut to live there instead of 25 minutes outside of Dallas! Well I suppose that's a slight exaggeration but still... I too like trees and mountains. And oceans and beaches. And... well, politics is banned on this forum. :shock: But... Bay Area...
by freebeer
Wed Mar 12, 2014 1:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Stay or move is the financial question.
Replies: 21
Views: 1556

Re: Retirement Account Growth exceeds Annual Retirement Expe

We're at the next inflection point - average return on investable assets (you said retirement accounts but I also include our taxable brokerage accounts, but not RE or 529s which hopefully have funded kids college) is more than double our estimated retirement expenses. At age 53 (DW age 47) we are b...
by freebeer
Tue Mar 11, 2014 11:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement Savings Growth exceeds Annual Retirement Expense
Replies: 29
Views: 2902

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

I think the whole concept of "won the game" is nonsensical. Why would you not want to continue to grow your portfolio at a risk that is acceptable to you. Taking one's money off the table is a risk in itself. I for one will stay in the game until I breathe my last. Because your attempts t...
by freebeer
Tue Mar 11, 2014 10:33 pm
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 241
Views: 24808

Re: any gotchas with 401K consolidation?

If the 401(k) you're abandoning has a Stable Value fund you may want to keep it. Billy Assume that both 401Ks have adequate choice of low-cost VG funds to implement my investment policy (again the one issue being lack of Admiral class options in the current employer 401K). My question remains wheth...
by freebeer
Tue Mar 11, 2014 10:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: any gotchas with 401K consolidation?
Replies: 5
Views: 604

any gotchas with 401K consolidation?

I realized I might qualify for the separation-from-service exception to 10% penalty on early withdrawals if I stick with my current employment another 20 months and get to the year I'll turn 55, not a biggie as I could spend from taxable, but drawing down tax-deferred balances could minimize overall...
by freebeer
Tue Mar 11, 2014 1:32 am
 
Forum: Investing - Help with Personal Investments
Topic: any gotchas with 401K consolidation?
Replies: 5
Views: 604

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

... Dr Bernstein makes a mention in that interview with Money magazine, of risk in those years - " A lot of people had won the game before the crisis happened: They had pretty much saved enough for retirement, and they were continuing to take risk by investing in equities. Afterward, many of t...
by freebeer
Mon Mar 10, 2014 9:55 pm
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 241
Views: 24808

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

... once you have saved 25 X yearly expenses... I am 57 and plan to retire at 60 The issue I see is that 25 X yearly expenses is not quite having "won the game". That implies a withdrawal rate of 4% of the starting balance, which many (most?) feel is no longer safe given current environme...
by freebeer
Mon Mar 10, 2014 9:18 pm
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 241
Views: 24808

Re: Staying the Course has never been harder

I think staying the course has never been *easier* - we have all been through a 100-year-scale market crash, one that led many even long-timers on this forum to talk about "capitulation", yet those of us who stayed the course are now well ahead of the game. Those of us who panicked and sol...
by freebeer
Sun Mar 09, 2014 3:08 pm
 
Forum: Investing - Theory, News & General
Topic: Staying the Course has never been harder
Replies: 45
Views: 4633

Re: You Will Be Investing For Free In 5 Years - Article

... high price investing will STILL continue however. The reason is not because of the demand from retail investors, but from the industry's influence of 401k plans, pension plans, and endowments. I am sorry to say it is the professional folks and NOT the retail investor that has not learned about ...
by freebeer
Sun Mar 09, 2014 4:35 am
 
Forum: Investing - Theory, News & General
Topic: You Will Be Investing For Free In 5 Years - Article
Replies: 21
Views: 5333

Re: $5k-$10k CUV/SUV recommendations?

Last spring we picked up a 2007 CR-V as a 2nd car, first year of the 3rd gen that went on through 2011 with few changes. And many folks (inc. us) like the 3rd gen looks better than the current 4th gen. We found a 4x4 in LX trim level with low miles from orig owner at a good price and I expect it wil...
by freebeer
Sat Mar 08, 2014 11:05 pm
 
Forum: Personal Consumer Issues
Topic: $5k-$10k CUV/SUV recommendations?
Replies: 7
Views: 687

Re: Questions about a Lingering Divorce

For the home, the key question is how much equity is there. Given Boston RE market I assume it's well "above water". Independent of the rest of the financial analysis it would probably make sense to sell it immediately and divide/invest the proceeds, all you need for that is a RE agent. Yo...
by freebeer
Sat Mar 08, 2014 11:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Questions about a Lingering Divorce
Replies: 28
Views: 1595

Re: Your stock/bond mix for those ~20 yrs from retirement

... Suppose you are 47 years old in Feb-2014 and will retire in 20 years (Feb-2034) at age 67. To keep the numbers easy, suppose you determine that you will require a minimum of $6,221 per month or $74,652 per year starting in 2034. If I go to http://www.immediateannuities.com, a man 67 can buy an ...
by freebeer
Sat Mar 08, 2014 11:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Your stock/bond mix for those ~20 yrs from retirement
Replies: 42
Views: 2791

Re: Bridging from Early Retirement to SS

I think the main point is that your proposed strategy almost certainly gives you better odds of sustainable spending at your desired level in the case of a market downturn early in retirement than taking SS earlier than 70. Because you get an actuarially-fair inflation adjusting annuity from SS and ...
by freebeer
Fri Mar 07, 2014 12:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Bridging from Early Retirement to SS
Replies: 9
Views: 1482

Re: Overseas investor interested in US real estate

Absentee landlord is asking for failure, at least based on personal experience with six rental houses that were only 150 miles from our residence. You lose the ability to save by doing some work/maintenance yourself, and your renters have a psychological advantage if they decide to skip town since ...
by freebeer
Thu Mar 06, 2014 6:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Overseas investor interested in US real estate
Replies: 14
Views: 761

Re: How much is a fair hourly fee?

Attorneys, accountants, and other client-oriented service providers regularly bill over 2,000 hours per person per year, = 40 hours x 50 weeks (see e.g. http://www.nalp.org/billablehours). We live in different universes... I don't know of any CPA who regularly bills at that level of chargeability. ...
by freebeer
Wed Mar 05, 2014 12:32 am
 
Forum: Investing - Theory, News & General
Topic: How much is a fair hourly fee?
Replies: 86
Views: 4840

Re: Yet another 4% article

...Trying to figure out how much I can spend in a given year smacks of spending more than someone can afford versus living below one's means. Even if those means are one's retirement assets. Living below one's means is a time-honored Bogleheads principle with which I don't think anyone on this foru...
by freebeer
Tue Mar 04, 2014 3:53 pm
 
Forum: Investing - Theory, News & General
Topic: Yet another 4% article
Replies: 12
Views: 1406

Re: where to go to make a database

... though I am not doing the website with the intent of making money, it could very possibly be profitable down the road. I would want to protect myself, I have heard you trademark the idea? Do I go to lawyer and pay high rates and expect them to protect me? I am very very new at anything like thi...
by freebeer
Tue Mar 04, 2014 12:30 am
 
Forum: Personal Consumer Issues
Topic: where to go to make a database
Replies: 5
Views: 458

Re: Helping an irresponsible dad preserve a financial windfa

...an SPIA annuity seems to be the best option. A quick calculator shows a 58-year old male would get $1200 or so per month from $250,000 (and that's with the principle guarantee and inflation protection, which I suspect he might appreciate). ... Inflation protection, yes, although these are genera...
by freebeer
Mon Mar 03, 2014 8:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping an irresponsible dad preserve a financial windfall
Replies: 29
Views: 2401

Re: Is John Bogle Wrong on Retirement Asset Allocation?

This is the one area where Mr. Bogle confuses me! I really enjoy reading his articles, books, and watching his interviews, but this whole social security and pension area just not agree with his advice of "age in bonds"... Well again "age in (bonds + NPV of social security)" is ...
by freebeer
Mon Mar 03, 2014 7:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is John Bogle Wrong on Retirement Asset Allocation?
Replies: 43
Views: 4827

Re: How much is a fair hourly fee?

Like others I don't think $250/hour is ...as it imputes roughly $500K/year compensation for the advisor. But it's not like a salary, it's more like a consulting fee. You might only spend a few hours working up a plan for a client and that's all they want. It seems like you would have to be off the ...
by freebeer
Mon Mar 03, 2014 12:52 am
 
Forum: Investing - Theory, News & General
Topic: How much is a fair hourly fee?
Replies: 86
Views: 4840

Re: TIPS & Sequence of Return Risk

... And of course the unstated point is to save enough to get to 3% annual withdrawal means working years longer... Why would you assume that anyone has to work longer than 65yo to save 33x expenses? Isn't it obvious that one has to work significantly longer (and/or spend significantly less en rout...
by freebeer
Mon Mar 03, 2014 12:26 am
 
Forum: Investing - Theory, News & General
Topic: TIPS & Sequence of Return Risk
Replies: 27
Views: 1820

Re: How much is a fair hourly fee?

Like others I don't think $250/hour is unfair and for you Rick it'd be a bargain. But I do think it's high except maybe in Manhattan, as it imputes roughly $500K/year compensation for the advisor. And unlike a lawyer who's had to go to years of law school and then pass the bar exam and so on the fin...
by freebeer
Sun Mar 02, 2014 11:48 pm
 
Forum: Investing - Theory, News & General
Topic: How much is a fair hourly fee?
Replies: 86
Views: 4840

Re: The "Deceased" Stamp

??????
by freebeer
Sun Mar 02, 2014 10:35 pm
 
Forum: Personal Consumer Issues
Topic: The "Deceased" Stamp
Replies: 10
Views: 1079

Re: TIPS & Sequence of Return Risk

... 1. Say you are on pace to save 33x the expenses - net of sources of income - to cover a projected 30-year retirement (age 65-94, inclusive). 2. Say you can emotionally handle about 20% portfolio loss from Equity corrections and invest for total return. That essentially translates to about 40% E...
by freebeer
Sun Mar 02, 2014 1:50 am
 
Forum: Investing - Theory, News & General
Topic: TIPS & Sequence of Return Risk
Replies: 27
Views: 1820

Re: New Toyota Sienna vs Used

Regarding "curbstoners" I have bought many cars from private parties and only once from a pseudo-dealer. That was a salvage title car 25 years ago. It ran for about 20 more years (me and then passed on to a family member) so it turned out to be a good deal but I think that was the exceptio...
by freebeer
Sat Mar 01, 2014 11:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: New Toyota Sienna vs Used
Replies: 17
Views: 1253

Re: Subaru Eyesight Technology - worth it?

I read that the newest model, as yet only available in Japan, is much much better (color image processing not just B&W, and other features). http://www.autoguide.com/auto-news/2013/10/subarus-eyesight-adds-new-tech-enhanced-features.html So this would make me a bit reluctant to buy the "ol...
by freebeer
Fri Feb 28, 2014 11:03 am
 
Forum: Personal Consumer Issues
Topic: Subaru Eyesight Technology - worth it?
Replies: 24
Views: 1591

Re: Subaru Eyesight Technology - worth it?

I read that the newest model, as yet only available in Japan, is much much better (color image processing not just B&W, and other features). http://www.autoguide.com/auto-news/2013/10/subarus-eyesight-adds-new-tech-enhanced-features.html So this would make me a bit reluctant to buy the "old...
by freebeer
Fri Feb 28, 2014 1:05 am
 
Forum: Personal Consumer Issues
Topic: Subaru Eyesight Technology - worth it?
Replies: 24
Views: 1591

Re: Estate Sales

In our area a number of estate sale "mavens" are really dealers who mainly use the houses to stage antiques and art pieces that they cart around from sale to sale. The actual belongings of the deceased are just fill-in. So it's kind of a scam, and I doubt that the heirs are getting any of ...
by freebeer
Fri Feb 28, 2014 1:01 am
 
Forum: Personal Consumer Issues
Topic: Estate Sales
Replies: 23
Views: 2290

Re: appropriate spending rate to target for retirement?

Thanks for the feedback. Re: "Pfau estimates a fifty-fifty portfolio of stocks and bonds is likely to deliver a long-run annual average return after inflation of just 2.2%, less than half the historical rate." I take issue with the word "estimates". How can anyone *estimate* that...
by freebeer
Mon Feb 24, 2014 10:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: appropriate spending rate to target for retirement?
Replies: 8
Views: 930

Re: Attention Apple Users-Possible Security Issues

This breach has been out for 18 months and admitted by Apple for nearly 2 months so... nothing particularly new here. Update your systems and, as always, be cautious about what websites you visit. I suspect Mac and iDevice users are still 100x less at risk than the WinXP users that apparently still ...
by freebeer
Mon Feb 24, 2014 8:09 pm
 
Forum: Personal Consumer Issues
Topic: Attention Apple Users-Possible Security Issues
Replies: 13
Views: 1232

Re: Warren Buffett's portfolio for his wife: Vanguard index

but... but... what happened to "age in bonds" ????
by freebeer
Mon Feb 24, 2014 6:44 pm
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett's portfolio for his wife: Vanguard index fund
Replies: 70
Views: 10184

Re: When to cut and run on owning a home?

Well if you sell for $171K then minus commission & fees - say $10K minimum - you will net $31K max. If you don't need multiple bathrooms and that much space then you may find renting or a condo more cost-effective in the long run. But the answer may depend on the neighborhood of your current hou...
by freebeer
Mon Feb 24, 2014 1:33 am
 
Forum: Personal Finance (Not Investing)
Topic: When to cut and run on owning a home?
Replies: 11
Views: 1275

appropriate spending rate to target for retirement?

DW & I are not sure how to plan for spending levels in retirement. Bottoms-up modeling is hard, with two kids at home and various work-related expenses that won't exist. But top-down estimates seem all over the map. I respect Wade Pfau very much, but his suggested goal of 50% of final pre-retire...
by freebeer
Sun Feb 23, 2014 10:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: appropriate spending rate to target for retirement?
Replies: 8
Views: 930

Re: Getting a Good Start in Retirement

Basically the "sequence of returns reward" is that your safey level of subsequently spending X% of original portfolio goes way up and you are much more likely to leave an inheritance (since "safe withdrawal rates" are engineered to withstand even worst-case market drops at the st...
by freebeer
Sun Feb 23, 2014 7:17 pm
 
Forum: Investing - Theory, News & General
Topic: Getting a Good Start in Retirement
Replies: 4
Views: 853

Re: Cash - Should we combine accounts into one?

There have been earlier threads about the dangers associated with debit cards. The best recommendation is not to have one, even if it is not used. If someone even guesses the number, or if there is an error, they can empty your checking account, and you have to argue with the bank to get your money...
by freebeer
Sun Feb 23, 2014 2:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cash - Should we combine accounts into one?
Replies: 18
Views: 1212
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