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Re: Bogleheads.org equivalents for other areas of life?

Amazon.com if you are looking to buy something and want to see unbiased reviews from people who have already bought whatever it is.There is also an area with questions and answers about the product sometimes depending on what it is
by hoops777
Tue Oct 28, 2014 10:28 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads.org equivalents for other areas of life?
Replies: 69
Views: 6714

Re: Gross Yearly Income needed in Retirement (Speculation)

You are right Bradshaw not too many people here need to hear what I was preaching......but if I maybe saved one person from early retirement so they could pound the pavement for 5 more years my mission is accomplished :twisted:
by hoops777
Tue Oct 28, 2014 7:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12445

Re: Gross Yearly Income needed in Retirement (Speculation)

Avalpert and Bradshaw...I do not understand what Bradshaw said about eliminating SS....I never said anything about SS but I consider it to be the most important asset a retiree has. Avalpert....You are right ,nothing in life is 100 pct guaranteed but treasuries and CD's are a lot more guaranteed tha...
by hoops777
Tue Oct 28, 2014 4:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12445

Re: Gross Yearly Income needed in Retirement (Speculation)

I am saying treasuries,cd's,ibonds and GO highest rated Muni's are guaranteed safe money.If some catstrophic event occured which caused these to lose money it would no longer matter because there would be chaos.The stock market however could return nothing or lose money over a prolonged period of ti...
by hoops777
Tue Oct 28, 2014 1:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12445

Re: Gross Yearly Income needed in Retirement (Speculation)

Well I am not so pessimistic to say there is no such thing as safe money.I would think treasuries,ibonds,cd's,cash and I would throw in highest rated GO muni's as safe money.If you have to worry about inflation then you should work a few more years.Retiring early is a luxury as discussed here so you...
by hoops777
Mon Oct 27, 2014 10:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12445

Re: Gross Yearly Income needed in Retirement (Speculation)

Not to be a pessimist but I would caution anyone retiring early because they assume the stock market will give them 6,7 8 or maybe 10 pct over the next x amount of years.Yes it probably will over time but probably does not give me the confidence that I will not have to sell my home at age 75 because...
by hoops777
Mon Oct 27, 2014 9:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12445

Re: Bucket Approach Redux

Very interesting thread.Everyone seems to do have their own version and the most important thing of course is to find one that you can handle and stick with it.Unless you go 100 pct safe money like treasuries,cd's,ibonds,etc.there will always be a degree of uncertainty regardless of historical figur...
by hoops777
Mon Oct 27, 2014 1:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bucket Approach Redux
Replies: 35
Views: 2563

Re: Bogleheads.org equivalents for other areas of life?

Trip advisor is excellent for all things travel
by hoops777
Sun Oct 26, 2014 7:09 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads.org equivalents for other areas of life?
Replies: 69
Views: 6714

Re: Gross Yearly Income needed in Retirement (Speculation)

Cashmeout....We are 62 and 64 and my wife loves to travel.We are trying to do all of our big trips now,while we know we can.It is a little tough to get away because of my business,but since I own it I have more flexibility.We do not want to be in that famous situation of always planning and never do...
by hoops777
Sun Oct 26, 2014 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12445

Re: Bucket Approach Redux

Deleted
by hoops777
Sun Oct 26, 2014 1:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bucket Approach Redux
Replies: 35
Views: 2563

Re: Bucket Approach Redux

Wizard....so you are 50/50....when the stock market tanks like in 2008 how do you handle it?Do you withdraw only from the bond portion?
by hoops777
Sat Oct 25, 2014 8:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bucket Approach Redux
Replies: 35
Views: 2563

Re: Gross Yearly Income needed in Retirement (Speculation)

I am 62 and trying to accumalate as many points as possible that do not expire for hotels and air.After reading this thread I realize that was a smart move.Most of my moves have not been so smart :D When I retire we should have enough points for free flights and hotels for quite a while.Really helps...
by hoops777
Sat Oct 25, 2014 8:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12445

Re: Have Ibonds do we need Tips

Thanks for the replies.When all is said and done at 70 I am projecting between 15 and 20 pct of my total portfolio in Ibonds and I will be 20 to 25 pct equities.
by hoops777
Tue Oct 21, 2014 6:49 pm
 
Forum: Investing - Theory, News & General
Topic: Have Ibonds do we need Tips
Replies: 5
Views: 1027

Have Ibonds do we need Tips

My wife and I have about 120k in Ibonds,age 62 and 64.I was planning on buying the max until the first one of us hits 70 which would give us another 140,000.I would think that is more than enough inflation protection,or is it better to diversify with tips and not buy more ibonds?My wife has one we b...
by hoops777
Mon Oct 20, 2014 7:05 pm
 
Forum: Investing - Theory, News & General
Topic: Have Ibonds do we need Tips
Replies: 5
Views: 1027

Re: Help me choose... [Retirement withdrawal strategy]

Set it up the best way you can that you are not at the mercy of the stock market.
by hoops777
Sun Oct 19, 2014 7:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help me choose... [Retirement withdrawal strategy]
Replies: 12
Views: 1278

Re: Dry Powder

Cash.....I do not see the evil in holding cash,especially in a low inflationary environment.You can put it in a bond fund,even short term and see your 100k become 96k real fast and wait for the fund to get you back to your 100k,which depending on the time it takes would also be subject to inflation ...
by hoops777
Sun Oct 19, 2014 1:26 pm
 
Forum: Investing - Theory, News & General
Topic: Dry Powder
Replies: 49
Views: 3528

Re: Health care tilt

I would respectfully comment because you are a physician does not mean you have any more insight to the stock market returns of the healthcare industry than anyone else who has a serious interest in it.Professional analysts constantly screw up their predictions covering just one large company and yo...
by hoops777
Sat Oct 18, 2014 7:04 pm
 
Forum: Investing - Theory, News & General
Topic: Health care tilt
Replies: 77
Views: 3799

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

You will probably need to own your own business which of course is even riskier than our much beloved stock market.You say you want to help people so I would focus on that and at least you will feel like 10 million bucks :)
by hoops777
Thu Oct 16, 2014 7:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: How did you get from $1M to $10M
Replies: 46
Views: 4056

Re: Dry Powder

Deleted
by hoops777
Thu Oct 16, 2014 5:22 pm
 
Forum: Investing - Theory, News & General
Topic: Dry Powder
Replies: 49
Views: 3528

Re: Bill Sharpe on the 4% SWR rule (he thinks it's silly)

I believe in the year 2014 we want to be able to plug in some numbers to a computer and be told everything is going to be ok.Sometimes you need to evaluate a situation with common sense and basic math and figure out what is going to work in the real world that changes day to day,sometimes drasticall...
by hoops777
Thu Oct 16, 2014 12:38 pm
 
Forum: Investing - Theory, News & General
Topic: Bill Sharpe on the 4% SWR rule (he thinks it's silly)
Replies: 51
Views: 4642

Re: Bill Sharpe on the 4% SWR rule (he thinks it's silly)

You gotta love this stuff....I think staythecourse has it right.The best way to look at it is to write yourself a paycheck based on what you can afford.Common sense is worth more than all of the academic research and expert opinion. In my humble opinion the main problem is investing in the stock mar...
by hoops777
Wed Oct 15, 2014 5:57 pm
 
Forum: Investing - Theory, News & General
Topic: Bill Sharpe on the 4% SWR rule (he thinks it's silly)
Replies: 51
Views: 4642

Re: Will and Estate Planning - do i or not need an attorney

Maybe he keeps it in his office as a sales tool....no....a lawyer would never do that :)
by hoops777
Tue Oct 14, 2014 7:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Will and Estate Planning - do i or not need an attorney
Replies: 26
Views: 2272

Re: Will and Estate Planning - do i or not need an attorney

I am not an attorney,but I can form an opinion about this topic.I believe it all depends upon how simple or complex your estate is.There is ZERO reason to pay thousands of dollars to an attorney if your situation is not complex,although most attorneys will find some reason to convince you otherwise....
by hoops777
Tue Oct 14, 2014 1:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Will and Estate Planning - do i or not need an attorney
Replies: 26
Views: 2272

Re: It's a good day to be heavy in REITs

It is a good day until it is a bad day :(
by hoops777
Tue Oct 14, 2014 12:47 pm
 
Forum: Investing - Theory, News & General
Topic: It's a good day to be heavy in REITs
Replies: 42
Views: 3996

Re: Fidelity AMEX: Close Saphire and SPG

It all depends upon your needs.We have SPG,SWA and a Venture cap one that pays double points and can be used to fill any needs our SPG and SWA do not meet.The swa is great if you can earn a companion pass.The SPG can be used for intl flights as noted earlier in this thread.The SPG is great if you st...
by hoops777
Tue Oct 14, 2014 12:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity AMEX: Close Saphire and SPG
Replies: 14
Views: 2253

Re: CD ladder

Thanks for your replies.I think I will make life simple and just go with 5 year at 2.4 which is very close to an intermediate bond fund.I was going to wait and see what Penfed comes out with but it is so much easier to just have it all in one place and the difference in the return if they come out w...
by hoops777
Sun Oct 12, 2014 12:57 pm
 
Forum: Investing - Theory, News & General
Topic: CD ladder
Replies: 3
Views: 603

CD ladder

Thinking of doing a brokered cd ladder with vanguard....2 yr 1.2 3 yr 1.65 4 yr 2.15 5 yr 2.4 7 yr 2.85....already have a large 10 yr at 3.4 from 8 months ago.Never did a ladder before....any thoughts?
by hoops777
Sat Oct 11, 2014 9:08 pm
 
Forum: Investing - Theory, News & General
Topic: CD ladder
Replies: 3
Views: 603

Re: Bonds Beware

With stocks the saying I believe is buy when there is blood in the water or when the market has dropped off a cliff like 2008.With bonds on the other hand if the much talked about downturn finally happens and interest rates rise for a period if years,is there a point where you go all in with say the...
by hoops777
Sun Oct 05, 2014 8:20 pm
 
Forum: Investing - Theory, News & General
Topic: Bonds Beware
Replies: 34
Views: 4441

Re: Should I buy this house

Is the Bogleheads a great resource or what?Nice to be able to get so many opinions from experienced people with no agenda.Any websites on the worldwide web better than this? :sharebeer
by hoops777
Thu Oct 02, 2014 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I buy this house
Replies: 37
Views: 2169

Re: Should I buy this house

I do not know where you live but in Ca.the housing market is starting to cool down.Is this some dream house in a once in a lifetime location or something?Do you have to buy such an expensive house or do you want to because you can?Wait a few years and save a ton of money and you will probably get a ...
by hoops777
Wed Oct 01, 2014 12:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I buy this house
Replies: 37
Views: 2169

Re: Aspiring Personal Finance Advisor

Make sure you have the stomach for it.It sounds great when the market keeps going up for 5 straight years.How you going to deal with your client dealing with a 20 or 30pct loss on paper if things go south.
by hoops777
Tue Sep 30, 2014 1:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Aspiring Personal Finance Advisor
Replies: 8
Views: 1414

Re: Chartway offers 2.5% 5-year CD, only 90 day penalty!

That PenFed 3 pct cd last year is looking mighty good.I did not bite because of the hassle but I will if they have another great rate at the end of the year.I was actually thinking of setting it all up now and transferring funds but if I do I will put a curse on everyone else and there will be nothi...
by hoops777
Mon Sep 29, 2014 6:17 pm
 
Forum: Investing - Theory, News & General
Topic: Chartway offers 2.5% 5-year CD [with uncertain terms]
Replies: 12
Views: 2342

Re: TIPS & Rick Ferri

If one has 20000 a year to invest in tips or ibonds for a husband and wife which is the better choice?
by hoops777
Sun Sep 28, 2014 10:03 pm
 
Forum: Investing - Theory, News & General
Topic: TIPS & Rick Ferri
Replies: 28
Views: 4939

Re: What is your best estimate of the SWR (Safe Withdrawal R

After all the technical mumbo jumbo and academic research is done I have the answer.You withdraw the lowest amount that you can that will either get you by or provide a comfortable living depending upon your circumstances.I am so tired of reading about x amount and adjusting for inflation each year....
by hoops777
Sat Sep 27, 2014 12:44 pm
 
Forum: Investing - Theory, News & General
Topic: What is your best estimate of the SWR (Safe Withdrawal Rate)
Replies: 77
Views: 4023

Re: Withdrawl from Target Retirement or Life Strategy Fund

Am I missing something or is it safe to say the ideal situation for a balanced fund in retirement is your withdrawal rate is equal to or below the dividend payment which means not selling shares in a down market.
by hoops777
Tue Sep 23, 2014 6:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Withdrawl from Target Retirement or Life Strategy Fund
Replies: 51
Views: 4558

Re: Barron's article: Don't Panic! (retirement news & theory

Livesoft....you like having 10 years of expenses in bond funds.Question...Are balanced funds a bad idea because you would be selling stocks when the market has tanked?IProbably better to keep bond funds and stock funds seperate?
by hoops777
Tue Sep 23, 2014 3:01 pm
 
Forum: Investing - Theory, News & General
Topic: Barron's article: Don't Panic! (retirement news & theory)
Replies: 28
Views: 3821

Re: Barron's article: Don't Panic! (retirement news & theory

Dkturner....you said a more aggressive investor is likely to have a larger portfolio at the start of retirement.....depends upon my new favorite phrase...the luck of your sequence of returns.
by hoops777
Mon Sep 22, 2014 6:26 pm
 
Forum: Investing - Theory, News & General
Topic: Barron's article: Don't Panic! (retirement news & theory)
Replies: 28
Views: 3821

Re: Barron's article: Don't Panic! (retirement news & theory

Good article.The more I read about this topic the clearer it becomes that a common sense withdrawal rate and a realistic budget are the keys to retirement.....along with a little luck with the sequence of returns issue.
by hoops777
Mon Sep 22, 2014 1:51 pm
 
Forum: Investing - Theory, News & General
Topic: Barron's article: Don't Panic! (retirement news & theory)
Replies: 28
Views: 3821

Re: Barron's article: Don't Panic! (retirement news & theory

Leeraar....never mind...I can read it now at Barron's.I could not yesterday for some reason.Thanks
by hoops777
Mon Sep 22, 2014 1:26 pm
 
Forum: Investing - Theory, News & General
Topic: Barron's article: Don't Panic! (retirement news & theory)
Replies: 28
Views: 3821

Re: Barron's article: Don't Panic! (retirement news & theory

Leeraar...You gave me a link that goes to this boglehead page....I cannot read it off Barron's site without being a subscriber.
by hoops777
Mon Sep 22, 2014 1:23 pm
 
Forum: Investing - Theory, News & General
Topic: Barron's article: Don't Panic! (retirement news & theory)
Replies: 28
Views: 3821

Re: Barron's article: Don't Panic! (retirement news & theory

I panicked because you have to be a subscriber to read it
by hoops777
Sun Sep 21, 2014 11:07 pm
 
Forum: Investing - Theory, News & General
Topic: Barron's article: Don't Panic! (retirement news & theory)
Replies: 28
Views: 3821

Re: Another take on "rising equity glidepath" in retirement

What I am really beginning to love about all the technical analysis of investing is that no matter how detailed and intense a particular study is....no matter how many years it covers.....no matter how brilliant the researchers are......it always ends with there is no guarantee of these results repe...
by hoops777
Sat Sep 20, 2014 10:24 pm
 
Forum: Investing - Theory, News & General
Topic: Another take on "rising equity glidepath" in retirement
Replies: 14
Views: 1494

Re: Proposed: 35% Maximum Bond Allocation, For Life

Thanks Financial Dave.I really am planning on keeping 25 pct in stocks and hopefully I will still have a lot left when a turn 100 and at that time Iwill check back at the Boglehead forum for advice :D Stick around because I may need your help :)
by hoops777
Fri Sep 19, 2014 1:50 pm
 
Forum: Investing - Theory, News & General
Topic: Proposed: 35% Maximum Bond Allocation, For Life
Replies: 37
Views: 3799

Re: Proposed: 35% Maximum Bond Allocation, For Life

Thanks John.I bought some of the ten yr CD at Vanguard about 7 months ago at 3.4.I read a book last year by some bond gurus who invest 100 % in high quality muni and treasuries....no stocks.You got to have a few bucks to live off of that portfolio.
by hoops777
Thu Sep 18, 2014 11:23 pm
 
Forum: Investing - Theory, News & General
Topic: Proposed: 35% Maximum Bond Allocation, For Life
Replies: 37
Views: 3799

Re: What evidence would prove the Boglehead mentality wrong?

Bogleheads is like choosing to eat a healthy balanced diet,walk everyday and not smoke.It is sensible but not innovative or cutting edge.It is best for the vast majority of people.It is boring but gives most people the best chance for success.
by hoops777
Thu Sep 18, 2014 7:41 pm
 
Forum: Investing - Theory, News & General
Topic: What evidence would prove the Boglehead mentality wrong?
Replies: 212
Views: 15624

Re: Proposed: 35% Maximum Bond Allocation, For Life

Just out of curiosity....what if a person retired at 65 and had a 100 pct intermediate bond portfolio of 1 million and planned on withdrawing the 2.3 pct for 30 years and whatever is left goes to the kids.How much would be left at the end....easy to guess :D best and worst case.
by hoops777
Thu Sep 18, 2014 4:44 pm
 
Forum: Investing - Theory, News & General
Topic: Proposed: 35% Maximum Bond Allocation, For Life
Replies: 37
Views: 3799

Re: Financial Psychology - Mind Over Money

Just a thought....Financial advisors are human and have biases and emotions.The argument that they will not have any of the emotional problems managing your acct because it is not their personal money kind of bothers me.I would actually feel more emotion managing other peoples money.
by hoops777
Thu Sep 18, 2014 12:52 pm
 
Forum: Investing - Theory, News & General
Topic: Financial Psychology - Mind Over Money
Replies: 78
Views: 4192

Re: Financial Psychology - Mind Over Money

I believe I read that someone said people invest in individual stocks knowing that they will underperform the index?Maybe everybody else's individual stocks but certainly not mine :happy Seriously,maybe I misinterpreted something,but I think people invest in individual stocks because they believe th...
by hoops777
Tue Sep 16, 2014 6:31 pm
 
Forum: Investing - Theory, News & General
Topic: Financial Psychology - Mind Over Money
Replies: 78
Views: 4192

Re: Roth stock/bond allocation

Yes that is the plan.Hopefully we will never touch the Roths or Ibonds.If something happens and I cannot keep working until I am 70 or more in my small business as planned :oops: there are a lot of unknowns that can alter even the best laid plans :D I have decided to be in protection mode,thus the l...
by hoops777
Tue Sep 16, 2014 1:24 pm
 
Forum: Investing - Theory, News & General
Topic: Roth stock/bond allocation
Replies: 8
Views: 689

Re: Roth stock/bond allocation

My thinking is that the money in the Roths will be there hopefully 25 years or so and we will probably never need to withdraw from them,so it makes sense to go with stocks.If at some point they have massive gains we can always change the allocation.I do understand your point but we are looking at th...
by hoops777
Tue Sep 16, 2014 9:56 am
 
Forum: Investing - Theory, News & General
Topic: Roth stock/bond allocation
Replies: 8
Views: 689
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