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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: 8
Views: 156

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: 86
Views: 6832

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: 6525

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: 1369

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: 13611

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: 14224

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: 797

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: 797

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: 1571

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: 3885

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: 1363

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: 241
Views: 29120

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: 1297

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: 1297

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: 1147

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: 1213

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: 7948

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: 1334

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: 7762

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: 3004

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: 1458

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: 1458

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: 3486

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: 5597

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: 5346

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: 3887

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: 4281

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: 4281

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: 4752

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: 1795

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: 13908

Re: Car Insurance - Which company do you use?

USAA since 1965. Can't beat them for service and hard to beat them for price. Their slogan is "We know what it means to serve," and I'm convinced they're right.

Best regards,
by hq38sq43
Wed Apr 30, 2014 7:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car Insurance - Which company do you use?
Replies: 19
Views: 1860

Re: San Francisco Restaurant Recommendations

While in Napa last week we were touted by a local couple (retired grade school teachers) to Fume Bistro and were very happy with its food, ambience, and prices.

:beer
by hq38sq43
Wed Apr 30, 2014 1:27 pm
 
Forum: Personal Consumer Issues
Topic: San Francisco Restaurant Recommendations
Replies: 44
Views: 3051

Re: Reducing Sequence of Returns Risk

I haven't researched reverse mortgages recently, but when I last did, the biggest knock on them was huge up-front cost. If they currently have anywhere near that cost, please compare it to establishing a low and sometimes no cost HELOC. "Reducing Sequence of Returns Risk" sounds to me like...
by hq38sq43
Thu Apr 10, 2014 7:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reducing Sequence of Returns Risk
Replies: 15
Views: 2326

Re: The Three Fund Portfolio

Why shouldn't i invest mostly in value funds? Phokus: Welcome to the Bogleheads Forum! It is dangerous to invest in only a single stock category. The Callan Table linked by BL shows this graphically. Consider the more diversified Three Fund Portfolio recommended by many investing authorities. Best ...
by hq38sq43
Tue Apr 08, 2014 9:49 pm
 
Forum: Investing - Theory, News & General
Topic: Why shouldn't i invest mostly in value funds?
Replies: 22
Views: 1624

Re: John Bogle, Index Icon, Accused of Timing Market

The lesson Nelson learns from the interview with Bogle, whose “cult-like following” has “hundreds of thousands of individual investors hanging on his every word,” is to “trust a philosophy, not a person” who “can easily be swayed by prevailing market sentiments.” I agree with “trust a philosophy, n...
by hq38sq43
Sun Apr 06, 2014 10:59 am
 
Forum: Investing - Theory, News & General
Topic: John Bogle, Index Icon, Accused of Timing Market
Replies: 44
Views: 8091

Re: When does depreciating a rental property save on taxes?

Great explanation, thanks. So, to make sure I understand correctly: If I sell the house I bought for 200k 27.5 years later for the same price, 200k, I would pay 25% of 200k which is 50k. If I were to sell at 30 years, do I pay the same 50k because taking depreciation ends at 27.5 years? Likewise, I...
by hq38sq43
Tue Apr 01, 2014 10:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: When does depreciating a rental property save on taxes?
Replies: 70
Views: 4958

Re: New job, ready to start retirement planning

Best advice I can think of: Buy a copy of The Bogleheads' Guide to Investing (ca. $15 from Amazon, hopefully linked from this web site)) spend a few hours with it, then keep it close at hand for periodic re-reading).

Warm regards,
by hq38sq43
Mon Mar 31, 2014 7:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: New job, ready to start retirement planning
Replies: 20
Views: 2320

Re: Are master limited partnerships worthwhile?

The handful of my tax clients who bought into (were sold) MLPs all got waxed. One was victimized by her brother, who played with her money (seven MLPs) until it almost disappeared. So much for affinity investing.

Best regards,
by hq38sq43
Thu Mar 27, 2014 6:09 pm
 
Forum: Investing - Theory, News & General
Topic: Are master limited partnerships worthwhile?
Replies: 25
Views: 1796

Re: When does depreciating a rental property save on taxes?

An important consideration is that upon sale of the property all depreciation, whether claimed (deducted) as an expense or not from time to time, will decrease the tax basis from which capital gain or loss is computed. Nothing is gained by declining or neglecting to claim the depreciation expense, s...
by hq38sq43
Sun Mar 23, 2014 9:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: When does depreciating a rental property save on taxes?
Replies: 70
Views: 4958

Re: New investor seeking advice.

Buy and read either The Only Investment Guide You'll Ever Need by Andrew Tobias, Smart and Simple Financial Strategies for Busy People by Jane Bryant Quinn, or The Bogleheads' Guide to Investing by Taylor Larimore et al. My favorite is the first one, because it is the shortest, most fun, and tells y...
by hq38sq43
Sat Mar 22, 2014 8:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: New investor seeking advice.
Replies: 14
Views: 862

Re: Max TSP or Diversify Elsewhere?

Max it out. There's a few of us here that have done that and are TSP millionaires...all done without moving rollover IRA or 401k money from previous employers into the TSP. We did it the hard way, maxing out every year, one year at a time. It's very doable. Go for it. Agree completely. IMO the dive...
by hq38sq43
Thu Mar 20, 2014 11:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Max TSP or Diversify Elsewhere?
Replies: 21
Views: 3260

Re: Using a convenience check

Deleted

Regards to all,
by hq38sq43
Tue Mar 18, 2014 10:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Using a convenience check
Replies: 13
Views: 2098

Re: Viking River Cruises

DW and I have cruised twice with Viking: Rhone/Saone in 2009 and Danube in 2011. Very pleased with both. Are booked for Portugal's River of Gold Cruise this summer. We've been on one big ship ocean cruise and are disinclilned to go on another. Viking boats are just right for a relaxing, congenial cr...
by hq38sq43
Tue Mar 18, 2014 4:50 pm
 
Forum: Personal Consumer Issues
Topic: Viking River Cruises
Replies: 31
Views: 4624

Re: Used $35k Porsche on $64k income?

Beware the cost of maintaining an upscale vehicle.

Regards,
by hq38sq43
Tue Mar 04, 2014 5:32 pm
 
Forum: Personal Consumer Issues
Topic: Used $35k Porsche on $64k income?
Replies: 95
Views: 6954

Re: Savings & investment buckets for FSOs (TSP, Roth IRAs, E

During my 4-year FSO career in late '60s (truncated by 4 months in Vietnam, which caused me to resign) DW and I saved and paid down debt ferociously. Very glad now that we did. Don't deny yourselves unduly now, but early saving and investment is the passport to comfort in your "golden years.&qu...
by hq38sq43
Mon Mar 03, 2014 9:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Savings & investment buckets for FSOs (TSP, Roth IRAs, ERs)
Replies: 11
Views: 690

Re: Paying IRS taxes with a credit card when e-filing

If your credit card charges a 1.87% fee but rewards are 2.00%, then you save 13 basis points by using your card. On a $10,000 tax bill this earns you $13. How much do you value your time? I would be inclined to just write a check. Why assume OP's bill is $10,000? Working in an H&R Block office ...
by hq38sq43
Sun Mar 02, 2014 8:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying IRS taxes with a credit card when e-filing
Replies: 7
Views: 653

Re: Why the love for target date funds?

Clearly, target retirement funds are not for everyone. But in her "Smart and Simple Financial Strategies for Busy People" Jane Bryant Quinn makes a very good case that for very many people they are virtually ideal. She agrees with Jack Bogle, Warren Buffett, and many others of like reputat...
by hq38sq43
Sun Mar 02, 2014 3:02 pm
 
Forum: Investing - Theory, News & General
Topic: Why the love for target date funds?
Replies: 71
Views: 4498

Re: Girl Scout Cookies - why not tax-deductible?

The seller's cost is irrelevant to tax deduction. The difference, if any, between what you pay for the cookies and their "fair market value" is your deduction, if any. Probably not worth fretting about. Buy the cookies, enjoy them, and forget about tax deduction.

Best regards,
by hq38sq43
Sat Mar 01, 2014 7:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Girl Scout Cookies - why not tax-deductible?
Replies: 25
Views: 2075

Re: Wrist Watches

Timex. "It takes a licking and keeps on ticking." Jumped in the pool ca. 4 years ago forgetting the $80 Pulsar my son had gifted me from one of his first regular pay checks was on my wrist. Big mistake. Bought a $40 Timex replacement which I suspect would survive such a plunge, but I now a...
by hq38sq43
Fri Feb 28, 2014 8:37 pm
 
Forum: Personal Consumer Issues
Topic: Wrist Watches
Replies: 81
Views: 7614
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