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Re: Has anyone ever voluntarily downsized their job?

I have often thought that had I remained another year or two in my senior federal government job, my pension would have been substantially higher. But I concluded then and after 20+ retirement years conclude now that the stress would likely have substantially shortened my life and degraded its quali...
by hq38sq43
Sun Mar 01, 2015 10:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Has anyone ever voluntarily downsized their job?
Replies: 32
Views: 2754

Re: Do you consider mortgage payments as savings?

Yes, if the house is a sensible purchase: significant down payment and affordable carrying cost (PITI + maintenance and repair).

Best wishes,
by hq38sq43
Sun Mar 01, 2015 9:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 317
Views: 12937

Re: How much did you have saved up for retirement at age 30?

$9,000 (Oppenheimer Fund installment contract w/8.5 front end load sold by neighbor who somehow learned of my 1965 FSO commissioning). Seemed a good step at the time. As DW and I learned and earned more, we met our goal of ending each year at least somewhat better off financially, if only through in...
by hq38sq43
Wed Feb 25, 2015 8:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much did you have saved up for retirement at age 30?
Replies: 173
Views: 12501

Re: Can someone please help me with this investment thing!

Welcome to the forum. Please don't be put off by suggestions that you read "books." There are any number of good books on investing and money management, but they all say pretty much the same things, e.g., live below your means, learn the basics of investing and money management, and avoid...
by hq38sq43
Wed Feb 25, 2015 4:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can someone please help me with this investment thing!
Replies: 17
Views: 1190

Re: Tax bill killing me on 401K to Roth in 2014

The long term benefit of rolling the entire 401k into a Roth IRA may well be substantial enough to justify borrowing whatever is needed to cover the tax cost. In today's historically low interest environment a manageable approach might be to use a home equity loan or even credit union loan (very low...
by hq38sq43
Mon Feb 23, 2015 6:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax bill killing me on 401K to Roth in 2014
Replies: 27
Views: 3377

Re: I'm not a bad Boglehead

In the brief, charming diaries his publlishers importuned him to keep toward the end of his life, Alec Guinness confessed his penchant for occasionally buying a lottery ticket or two. My Name Escapes Me: The Diary of a Retiring Actor (Penguin Books, 1998) A Positively Final Appearance (Penguin Books...
by hq38sq43
Tue Feb 10, 2015 8:21 pm
 
Forum: Personal Consumer Issues
Topic: I'm not a bad Boglehead [buying Powerball ticket]
Replies: 101
Views: 6158

Re: Bank adviser did some terrible advising...Help please

You say that girl friend went to a local credit union and then spoke to the bank's financial adviser. Banks and credit unions are very significantly different, e.g. credit unions are not for profit and owned by their members, banks are typically investor owned for profit. Please clarity.
by hq38sq43
Tue Jan 27, 2015 8:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bank adviser did some terrible advising...Help please
Replies: 25
Views: 1870

Re: Grandfather wanting to transfer portfolio to kids. Ques

It seems very unlikely that someone who has cultivated on his own a $2 million portfolio is ignorant of "stepped up basis" (called by tax practitioners the "angel of death"). It means, essentially, that proceeds from sale of a gift of stock that exceed the giver's "basis&quo...
by hq38sq43
Fri Jan 23, 2015 4:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Grandfather wanting to transfer portfolio to kids. Question
Replies: 67
Views: 3131

Riverboat Cruising in US

Having enjoyed 3 Viking Riverboat Cruises in Europe in recent years, DW and I now incline to a similar cruise this year in US, probably Mississippi, but possibly Columbia or other US river. Anyone care to advise or recommend?

Many thanks,
by hq38sq43
Tue Jan 20, 2015 6:16 pm
 
Forum: Personal Consumer Issues
Topic: Riverboat Cruising in US
Replies: 5
Views: 908

Re: What counts as "saving"?

Gill wrote:
mhc wrote:Paying off debt is spending not saving.

When you have debt you've already incurred an expense which created the debt. Reducing your debt is equivalent to saving because you are then reducing your liabilities and increasing your net worth.
Gill

+1
by hq38sq43
Mon Jan 19, 2015 6:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: What counts as "saving"?
Replies: 128
Views: 6890

Re: Wellington Fund as primary retirement investment

For many years, my IRA was 100% Wellington and I have been very happy with it. As Dirk said, for a woman in her sixties, you might consider Wellesley because of its lower equity percentage. But given that SS and an annuity are sufficient for all of her living expenses, it is probably not such a ris...
by hq38sq43
Sat Jan 17, 2015 2:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Wellington Fund as primary retirement investment
Replies: 29
Views: 4863

Re: How does an Efficient Market explain Buffett?

Three books that shed considerable light on Buffett's life and financial success: The Snowball: Warren Buffett and the Business of Life by Alice Schroeder The Essays of Warren Buffett: Lessons for Corporate America, Third Edition, edited by Lawrence A. Cunningham The Intelligent Investor: The Defini...
by hq38sq43
Thu Jan 15, 2015 2:52 pm
 
Forum: Investing - Theory, News & General
Topic: How does an Efficient Market explain Buffett?
Replies: 257
Views: 13276

Re: Ever get 'Antsy' following BH

A golfer can always go for the green. A tennis player can always go for the winning cross-court or up-the-line winner. An investor can always try to beat the market by buying individual stocks, managed mutual funds, or other "market beating investments." Bogleheads responsible for the fina...
by hq38sq43
Mon Jan 12, 2015 11:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ever get 'Antsy' following BH
Replies: 26
Views: 2725

Re: What Movie Have You Recently Watched?

The Americanization of Emily (1964). Great Directo: Arthur Hiller; Great cast: James Garner, Julie Andrews, Melvyn Douglas, James Coburn, Joyce Grenfell, Keenan Wynn, Edward Binns, et al; quirky story set in England just before 1944 D Day invasion. Proudly coward admiral's "dog robber" (ad...
by hq38sq43
Sun Jan 11, 2015 8:27 pm
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 573
Views: 70934

Re: Thinking about retirement - it's depressing

I've extensively travelled the world while on expat assignments, and while I love my family I need a daily break from them How much time have you really spent with your family? I'm guessing you've worked very hard and a lot of hours with a lot of travel to achieve all your goals at 38. What do you ...
by hq38sq43
Fri Jan 09, 2015 10:26 pm
 
Forum: Personal Consumer Issues
Topic: Thinking about retirement - it's depressing
Replies: 80
Views: 8594

Re: Thinking about retirement - it's depressing

From 1971 (when our son was born) until 1991, when severe agency down-sizing resulted in my taking early retirement (at age 53) from a senior attorney job in a federal bank regulatory agency, I took great satisfaction in earning a comfortable living for my family. Occasionally, I reflect on the nega...
by hq38sq43
Thu Jan 08, 2015 10:25 pm
 
Forum: Personal Consumer Issues
Topic: Thinking about retirement - it's depressing
Replies: 80
Views: 8594

Re: Just left meeting with my advisor....

Your might enjoy and benefit from Fred Schwed's "Where are The Customers' Yachts?"

Best wishes,
by hq38sq43
Thu Jan 08, 2015 9:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just left meeting with my advisor....
Replies: 57
Views: 7845

Re: Games

Card Games: Ely Culbertson's Jo Jotte, Gin Rummy, Canasta

Board Games: Scrabble, Checkers

All easy to learn and fun to play

Happy New Year,
by hq38sq43
Wed Dec 31, 2014 2:59 pm
 
Forum: Personal Consumer Issues
Topic: Games
Replies: 38
Views: 4404

Re: Term life insurance- I don't have it. Do I need it?

That you don't need whole life insurance is pretty clear. How much term insurance you need is less clear, depending e.g., on you wife's earning potential. and her and the children's emotional and other needs. Could she earn enough to hire a true surrogate (fill-in for her) with with only a portion o...
by hq38sq43
Thu Dec 18, 2014 10:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term life insurance- I don't have it. Do I need it?
Replies: 19
Views: 1550

Re: Term life insurance- I don't have it. Do I need it?

Congratulations on thinking about life insurance. It is a very grown-up subject. A great many people who should think about life insurance don't. Chapter 21 of The Bogleheads' Guide to Investment has a good, brief introduction to insurance, including a very brief introduction to life insurance. Chap...
by hq38sq43
Thu Dec 18, 2014 7:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term life insurance- I don't have it. Do I need it?
Replies: 19
Views: 1550

Re: Documentaries to recommend?

One Bright Shining Moment: The Forgotten Summer of George McGovern (2005). [Political comments removed by Mod Mel.}
by hq38sq43
Thu Dec 11, 2014 1:45 pm
 
Forum: Personal Consumer Issues
Topic: Documentaries to recommend?
Replies: 127
Views: 14931

Re: What is the best meal you've had at a restaurant?

Rack of lamb at a neighborhood restaurant DW and I stumbled on in Sidney many years ago during our only visit to Australia. My request for mint sauce conveyed to the chef resulted in one he whipped up just for us. My first ever request to congratulate a chef for an outstanding meal was rewarded by h...
by hq38sq43
Tue Dec 09, 2014 10:56 pm
 
Forum: Personal Consumer Issues
Topic: What is the best meal you've had at a restaurant?
Replies: 88
Views: 7127

Re: Fundamental Theory of Index Investing

The best case I know of for index investing is Jack Bogle's The Little Book of Common Sense Investing. It's short, well written, and very persuasive. If you read it and thereafter decide to play the "loser's game" of active investing, more power to you. You might be among those talented, d...
by hq38sq43
Tue Dec 09, 2014 7:30 pm
 
Forum: Investing - Theory, News & General
Topic: Fundamental Theory of Index Investing
Replies: 16
Views: 1458

Re: Girlfriend with a LOT of Student debt.

Have you considered sharing the cost of a session or two for her with a fee-only CFP (Certified Financial Planner)? That would demonstrate your commitment to her and possibly provide the basis for the two of you to put your obviously smart heads together to work out a solution to a very difficult co...
by hq38sq43
Mon Nov 24, 2014 9:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 166
Views: 13847

Re: Small cap value premium

But if you are only paying 25bp or less (and in some cases you gain 7bp per year for holding SCV) you don't need much factor persistence to make the SCV fund better than the S&P 500. Packer 16: Personally, I would sleep better knowing I was invested in the S&P 500 companies which are among ...
by hq38sq43
Sun Nov 23, 2014 9:48 pm
 
Forum: Investing - Theory, News & General
Topic: Small cap value premium
Replies: 150
Views: 20282

Re: Can't quite max out TSP contribution--what to do?

If the shortfall is not unbridgeable, you might consider borrowing the amount needed to close it. As with any use of "leverage," there is risk to that, but depending on all the circumstances, it might be beneficial in the long run. Run the numbers, assess the probabilities, and do what se...
by hq38sq43
Sun Nov 23, 2014 9:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can't quite max out TSP contribution--what to do?
Replies: 8
Views: 861

Re: Can't quite max out TSP contribution--what to do?

If the shortfall is not unbridgeable, you might consider borrowing the amount needed to close it. As with any use of "leverage," there is risk to that, but depending on all the circumstances, it might be beneficial in the long run. Run the numbers, assess the probabilities, and do what see...
by hq38sq43
Sun Nov 23, 2014 8:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can't quite max out TSP contribution--what to do?
Replies: 8
Views: 861

Re: A week in Tuscany: April 2015. Suggestions?

Ca. 20 years ago, DW, teen age son and daughter, and I rented on a shoe string a week in a villa near Sienna and had a wonderful time. Some glitches, e.g., loss of electricity the first night, but mostly just wonderful memories. One glitch still rankles: drawing $300 worth of Lira from a public ATM ...
by hq38sq43
Sat Nov 22, 2014 11:29 pm
 
Forum: Personal Consumer Issues
Topic: A week in Tuscany: April 2015. Suggestions?
Replies: 22
Views: 1807

Re: What to do with a million

This question is specifically addressed in The Only Investment Guide You'll Ever Need (AndrewTobias) and The Bogleheads' Guide to Investing (Taylor Larimore et al.). For a cost of ca. $40 (Amazon) those books provide excellent, unbiased advice on this any many other personal finance questions. Buy a...
by hq38sq43
Mon Nov 03, 2014 11:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with a million
Replies: 26
Views: 3945

Re: 22 year old trying to get a grasp on personal finance.

About thirty years ago, I read articles in Parade Magazine and/or Newsweek by Jane Bryant Quinn and Andrew Tobias that made sense to me, so I bought, read, and recommended to others Quinn's Making the Most of Your Money (currently Making The Most of Your Money Now) and Tobias's The Only Investment G...
by hq38sq43
Sat Nov 01, 2014 10:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: 22 year old trying to get a grasp on personal finance.
Replies: 20
Views: 1424

Re: What Book Are You Currently Reading? Part VI

The Good Society (1996), John Kenneth Galbraith. Among other things, Professor Galbraith debunks the notion that deficit government spending inherently and unfairly burdens future generations. He argues that deficit spending for education, health care, infrastructure, and even national defense is ak...
by hq38sq43
Sat Oct 18, 2014 6:30 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 511
Views: 68895

Re: Question - Being a Trustee

Gill wrote:
hq38sq43 wrote:...undivided loyalty to the trust and trustees.

Don't you mean undivided loyalty to the beneficiaries?
Gill

Yes
by hq38sq43
Thu Oct 16, 2014 8:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question - Being a Trustee
Replies: 19
Views: 1335

Re: Question - Being a Trustee

Congratulations. Being named a trustee is a very high honor. But, of course, with the honor comes obligation and liability. The obligation, according to Justice Cardozo, is a punctilio of honor the most sensitive; that is, undivided loyalty to the trust and beneficiaries. Of course, the liability fo...
by hq38sq43
Thu Oct 16, 2014 7:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question - Being a Trustee
Replies: 19
Views: 1335

Re: Advisable to buy a home for short term?

After marrying in 1962 and re-settling in the DC area in 1968, DW and I decided to live not too close to in-laws or too far from work. Results: commuting time 30 min or less each way for next 25 years with stress-free option whether and when to visit in-laws. Worked for us.

Best regards,
by hq38sq43
Sun Oct 05, 2014 7:13 pm
 
Forum: Personal Consumer Issues
Topic: Advisable to buy a home for short term?
Replies: 10
Views: 1337

Re: General Investing Question [Investing in Individual stoc

Our mentor, Jack Bogle, has often condoned modest investment in individual stocks for those interested in trying their hand at the "loser's game." So, if the OP wishes to do that, who are we to say him nay? For guidance on such activity, I highly recommend "The Essays of Warren Buffet...
by hq38sq43
Thu Sep 25, 2014 11:46 pm
 
Forum: Investing - Theory, News & General
Topic: General Investing Question [Investing in Individual stocks]
Replies: 34
Views: 1226

Re: Feeling smug until 10 year ROR from Vanguard

Current values of stock investments fluctuate. Depending on when you buy and sell, you will do better or worse. For Bogleheads who buy and hold (perhaps re-balancing periodically) the periodic notional "profits" and "losses" are just noise.

Best regards,
by hq38sq43
Sat Sep 13, 2014 6:44 pm
 
Forum: Investing - Theory, News & General
Topic: Feeling smug until 10 year ROR from Vanguard
Replies: 81
Views: 8077

Re: Please help. Been here before but have been frozen

I recommend you read two fairly short books: The Only Investment Guide You'll Ever Need (Andrew Tobias) and The Bogleheads' Guide to Investing (Taylor Larimore, et al). Both include very good, concise segments on managing a windfall. They are excellent, unbiased, and easy (sometimes fun) to read. Af...
by hq38sq43
Sun Sep 07, 2014 9:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please help. Been here before but have been frozen
Replies: 9
Views: 1339

Re: If you own a car, do you have a car payment?

No. Paid cash for both our cars.
by hq38sq43
Sat Jul 19, 2014 8:47 pm
 
Forum: Personal Consumer Issues
Topic: If you own a car, do you have a car payment?
Replies: 112
Views: 7938

Re: How much to retire

On TV's Wall Street Week many years ago, investment icon John Templeton used to opine that looking out 40 years prudent investments should yield this, that, or the other. Even at my age at that time, visions like that never appealed to me. Hard to argue with an icon, but just consider the many, many...
by hq38sq43
Sat Jun 28, 2014 6:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much to retire
Replies: 21
Views: 3012

Re: Equity% if 3% withdrawal for 40 years?

Apparently I misread your post. Sorry.

Best regards,
by hq38sq43
Fri Jun 20, 2014 11:30 am
 
Forum: Investing - Theory, News & General
Topic: Equity% if 3% withdrawal for 40 years?
Replies: 12
Views: 1460

Re: Equity% if 3% withdrawal for 40 years?

Whenever contemplating my mortality while the primary financial support of my family (wife and 2 children), I always assumed that DW would and could immediately take the laboring oar financially and otherwise. My job was to provide what help I could through insurance, investments, etc., to ease that...
by hq38sq43
Thu Jun 19, 2014 11:59 pm
 
Forum: Investing - Theory, News & General
Topic: Equity% if 3% withdrawal for 40 years?
Replies: 12
Views: 1460

Re: Can a dead woman take her RMD?

Throwing around a few Latin terms doesn't add to your credibility. Bruce Without getting into the rest of it. Mens rea is a term 'derived" from Latin but with a specific English language legal meaning. Cf. Subpoena , impromptu, verbatim , pro Rata, Habeus Corpus , versus etc. etc etc Habeas Co...
by hq38sq43
Wed Jun 04, 2014 2:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can a dead woman take her RMD?
Replies: 47
Views: 3521

Re: Can we defend a 4% Safe Withdrawal Rate?

Regardless of history, how can 4% or any other starting withdrawal rate not subject to adjustment as conditions change be rational? If the portfolio has shrunk the previous year, one withdraws less in the current year; if it has increased, one withdraws more or reinvests or give away the excess. Wha...
by hq38sq43
Mon May 26, 2014 7:54 pm
 
Forum: Investing - Theory, News & General
Topic: Can we defend a 4% Safe Withdrawal Rate?
Replies: 62
Views: 5609

Re: Favorite Investing Book?

It's very very hard for me to choose my favorite from the following list: Cashing in on The American Dream (Paul Terhorst) The Only Investment Guide You'll Ever Need (Andrew Tobias) Smart and Simple Financial Strategies for Busy People (Jane Bryant Quinn) The Little Book of Common Sense Investing (J...
by hq38sq43
Fri May 23, 2014 6:32 pm
 
Forum: Investing - Theory, News & General
Topic: Favorite Investing Book?
Replies: 50
Views: 5417

Re: Books for someone who is not that interested

The Only Investment Guide You'll Ever Need-Andrew Tobias At your local library :happy "The Dow was under 1000 when the book came out in 1978" "The basics never change. Live beneath your means, get off the debt treadmill, minimize your transaction costs, trust no one" http://andr...
by hq38sq43
Thu May 15, 2014 11:30 am
 
Forum: Investing - Theory, News & General
Topic: Books for someone who is not that interested
Replies: 48
Views: 4015

Re: Thoughts on prenups

An alternative to hedging at the altar:

"With this Ring I thee wed, with my Body I thee worship, and with all my worldly Goods I thee endow . . ."

Anglican Book of Common Prayer (1662)

Best wishes,
by hq38sq43
Mon May 12, 2014 7:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on prenups
Replies: 99
Views: 4305

Re: Thoughts on prenups

In some cases, especially second marriages, prenups may be desirable, even necessary. But in most cases they indicate, IMHO, a lack of trust and confidence between the prospective partners. Warren Buffett has said and written many times that he has learned to do business only with people he likes, t...
by hq38sq43
Sat May 10, 2014 7:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on prenups
Replies: 99
Views: 4305

Re: "The Simplest Wealth Plan Ever"

As we manage our own finances and opine how others should manage theirs, we should remember Clint Eastwood's admonition that tomorrow is promised to no one. Financial advisers (croupiers in Mr Bogle's words) also warn us (as required by law) that yesterday's results do not guarantee tomorrow's. But ...
by hq38sq43
Wed May 07, 2014 9:08 pm
 
Forum: Investing - Theory, News & General
Topic: "The Simplest Wealth Plan Ever"
Replies: 26
Views: 4762

Re: Why have a HELOC

Lots of good reasons to get or keep a HELOC noted by other posters. The only down side that occurs to me is that it might be abused/misused. Is there another?

Best regards,
by hq38sq43
Mon May 05, 2014 6:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why have a HELOC
Replies: 19
Views: 1834

Re: Skip IRA for 1 year to buy engagement ring

[quote="Raymond"]An old article (Feb. 1982) from The Atlantic : "Have You Ever Tried to Sell a Diamond?" As mentioned earlier in this thread, I think $1000 - 1500 would get you a decent engagement ring. However, you need to talk about a LOT of things with your girlfriend. I would...
by hq38sq43
Sun May 04, 2014 7:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Skip IRA for 1 year to buy engagement ring
Replies: 194
Views: 14040
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