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Re: Backpedaling: Rising Equity Allocation During Retiremen

The flip side of this is the idea that equity allocations should drop around retirement. That is because of sequence of returns risk.* Put that together with the Kitces and Pfau paper, and you have this shiny new thing. I agree with nisiprius, the whole thing was (is) poorly understood and oversold...
by johnep
Thu Mar 05, 2015 8:07 am
 
Forum: Investing - Theory, News & General
Topic: Backpedaling: Rising Equity Allocation During Retirement
Replies: 30
Views: 2191

Re: Wife tired of saving...

Wife and I have had the same mindset since we meet and got married. Fast Forward 16 years and a net worth of 1.9m, she is tired of saving and not doing much with the money. We have 2 kids (9 and 2) and live in a townhome but now she wants to move to a larger home. The townhome is enough but every s...
by johnep
Thu Mar 05, 2015 7:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Wife tired of saving...
Replies: 130
Views: 8961

Re: Retiree Poll: Satisfaction with retirement

I chose neither satisfied nor dissatisfied. DW and I are in good health and have no financial worries so we are thankful for that. I have been retired for 4 years. The first 2 to 3 years were extremely busy. I did a lot of volunteer work, some major remodeling, did some traveling and took care of my...
by johnep
Wed Mar 04, 2015 8:14 am
 
Forum: Personal Consumer Issues
Topic: Retiree Poll: Satisfaction with retirement
Replies: 53
Views: 3702

Re: Opinions on living in Jacksonville FL?

I live 200 miles inland in NC. Most East Coast hurricanes hit the NC coast more often than anywhere else. If you look at a map, the NC coast is farther east than SC, GA or northern Florida. My daughter lives in Charleston and has only experienced a couple of minor hurricanes in the 20 years she has ...
by johnep
Tue Mar 03, 2015 1:25 pm
 
Forum: Personal Consumer Issues
Topic: Opinions on living in Jacksonville FL?
Replies: 18
Views: 1757

Re: Lumber Liquidators Safety Issue

Any company that buys their products from Chinese must be vigilant in quality control, otherwise they will eventually pay the price like LL. LL is not unique to this sort of thing. If they had exercised reasonable quality control, this would not have happened. I have bought LL wood flooring that was...
by johnep
Tue Mar 03, 2015 7:16 am
 
Forum: Personal Consumer Issues
Topic: Lumber Liquidators Safety Issue
Replies: 19
Views: 1856

Re: Is any sector fund better than Total Market fund?

The 10 year returns posted by sector show 7 that outperformed TSM and 4 that underperformed. The question is which sectors will outperform over the next 10 years. We can speculate about that but no one knows for sure. Those that have high expectations probably also have built those expectations into...
by johnep
Mon Mar 02, 2015 7:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Is any sector fund better than Total Market fund?
Replies: 10
Views: 891

Re: Would you buy into this state defined benefit pension?

This sounds like a good deal. The only caveat would be the health of the pension plan. As others have stated, some state pension systems are seriously underfunded. The following link is a ranking of funding levels: http://assets.thefiscaltimes.com/TFT2_20101228/App_Data/MediaFiles/8/A/7/%7B8A7FE094-...
by johnep
Sun Mar 01, 2015 7:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Would you buy into this state defined benefit pension?
Replies: 16
Views: 1155

Re: slice and dice question (fixed income)

I was recommended these by a financial adviser. Are these more/less risky than just investing the money in BND? They are all more risky. I have the Vanguard HY Corporate (VWEAX, ER: .13%) which is HY with the inherent credit risk but is more moderate in risk than many other HY funds. The big risk w...
by johnep
Sun Mar 01, 2015 7:24 am
 
Forum: Investing - Help with Personal Investments
Topic: slice and dice question (fixed income)
Replies: 10
Views: 671

Re: Replacing exterior door ease?

My son has done this for me a couple of times in a 43 year old house. The last time he replaced the door without the frame and it went in pretty well. It is a nice tight fit. My guess is if your door frame is pretty square it should not be a problem.
by johnep
Sat Feb 28, 2015 8:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Replacing exterior door ease?
Replies: 10
Views: 670

Re: I survived my initial performance improvement mtg. Now w

Congratulations on your PIP. It sounds like this will buy you time to find another job provided you execute your plan well. I think it is a good idea to interact in person with your field staff. I would caution about overdoing the rah rah company thing. You certainly need to represent the company po...
by johnep
Sat Feb 28, 2015 8:15 am
 
Forum: Personal Finance (Not Investing)
Topic: I survived my initial performance improvement mtg. Now what?
Replies: 33
Views: 4330

Re: Guns for hunting/defense

I have a S&W 38 snub note revolver and Ruger 32 semi automatic. I keep 38 at home for defense and have concealed carry and can easily conceal the 32 when I am going somewhere I feel it might be necessary (usually travel situations).

I also have a Remington 22 semi automatic rifle
by johnep
Fri Feb 27, 2015 8:19 am
 
Forum: Personal Consumer Issues
Topic: Guns for hunting/defense
Replies: 131
Views: 7043

Re: Is a generator worth it?

I bought a generator after a bad ice storm years ago when we were without power for about 4 days. I only used it once after that for about 3 hours over about 7 or 8 years. It was stolen out of my storage building and I have decided it is not practical to do again. We do lose power during ice storms,...
by johnep
Thu Feb 26, 2015 4:29 pm
 
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 105
Views: 5292

Re: Should you tip when picking up takeout food?

I usually tip about 10% for takeout which is usually curbside
by johnep
Thu Feb 26, 2015 4:24 pm
 
Forum: Personal Consumer Issues
Topic: Should you tip when picking up takeout food?
Replies: 54
Views: 3763

Re: Help! Ive been put on a performance improvement plan!

Your only hope of salvaging your position is to come up with a PIP that shows a genuine commitment to change your interaction and responsiveness with subordinates. I do not think you are facing imminent termination but you could be if you do not have a good PIP. You should have a better idea of what...
by johnep
Wed Feb 25, 2015 5:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help! Ive been put on a performance improvement plan!
Replies: 66
Views: 8437

Re: Spending trajectory for families with kids?

I did not see where you indicated the sex of your 2 children. If any are girls, your last big expense will likely be a major one: paying for a wedding. It is something I did gladly but it was not cheap.
by johnep
Wed Feb 25, 2015 5:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spending trajectory for families with kids?
Replies: 45
Views: 3476

Re: Tax Quiz

I got 7 out of 10. I thought I knew taxes pretty well so result was a little humbling.
by johnep
Wed Feb 25, 2015 5:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Quiz
Replies: 22
Views: 1319

Re: What are Costco's best deals?

Gas with Amex CC which is going away at end of calendar year OTC drugs Eyeglasses - great service, they will replace defective or damaged glasses at no charge (at least they did for me twice) Hearing aids (Costco claims they are largest seller of hearing aids) Electronics, especially TVs and compute...
by johnep
Wed Feb 25, 2015 10:01 am
 
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 176
Views: 13167

Re: Ideas of where to relocate

Raleigh area might be possibility. It is not low cost of living but much lower than where you are. Raleigh is state capital with lots of state jobs and there are federal facilities there too. I live near Charlotte which might be another possibility except that there are not many federal jobs here. A...
by johnep
Wed Feb 25, 2015 9:27 am
 
Forum: Personal Consumer Issues
Topic: Ideas of where to relocate
Replies: 32
Views: 2481

Re: How do you plan on spending your time during retirement?

4 years into retirement and these are things that have consumed a lot of my time: - Volunteer work, mostly with a Christian missionary - On board of a retiree association from my former employer, involved in programs and issues of concern for retirees - Church related ministries - Go to Y at least 3...
by johnep
Tue Feb 24, 2015 6:54 am
 
Forum: Personal Consumer Issues
Topic: How do you plan on spending your time during retirement?
Replies: 43
Views: 3081

Re: On line product reviews vs Consumers Reports

I use both. I have more confidence in CR's objectivity and thorough scientific approach. However, they do not cover everything and I sometimes get more details from online reviews about specific products I am interested in. You do have to be more discerning about online reviews but I find them to be...
by johnep
Sun Feb 22, 2015 8:27 am
 
Forum: Personal Consumer Issues
Topic: On line product reviews vs Consumers Reports
Replies: 37
Views: 2607

Re: Shouldn't bond fund holders celebrate if rates go up?

Yes, we should celebrate if real interest rates go up. But if rates go up to match rising inflation, then it is a losing proposition after taxes - and most of us will eventually pay taxes on the accumulated bond interest in 401k or traditional IRA accounts. Dale You are correct if the stuff we are ...
by johnep
Sun Feb 22, 2015 8:08 am
 
Forum: Investing - Theory, News & General
Topic: Shouldn't bond fund holders celebrate if rates go up?
Replies: 55
Views: 5017

Re: Using the "10 year" and "Since Inception" to pick funds

On this forum, the main criteria for picking specific funds within an asset class would probably be..... cost. The Expense Ratio on the fund is one of the main criteria I look at when determining funds. As for past performance, you're right it doesn't indicate future returns, so I guess the better ...
by johnep
Fri Feb 20, 2015 9:12 am
 
Forum: Investing - Theory, News & General
Topic: Using the "10 year" and "Since Inception" to pick funds
Replies: 23
Views: 1650

Re: Poll: Largest fraudulent charge to your credit card(s)?

Someone hacked my Paypal account and charged $999 to my credit card. Fortunately I was notified of the suspicious charge and was able to get it cleared up quickly with Paypal and my CC company. The irony was that I only had the Paypal account for sale of tickets on Stubhub and had not used it in yea...
by johnep
Fri Feb 20, 2015 8:26 am
 
Forum: Personal Consumer Issues
Topic: Poll: Largest fraudulent charge to your credit card(s)?
Replies: 49
Views: 2425

Re: A House Deal: To Move Or Not To Move

You seem to have analyzed this thoroughly and the numbers simply do not work for you. I would politely and gracefully tell your friend that. I would be cautious of taking on any responsibility for overseeing the house's renovation. A project of that magnitude will have issues. Unless you have the ex...
by johnep
Fri Feb 20, 2015 8:15 am
 
Forum: Personal Finance (Not Investing)
Topic: A House Deal: To Move Or Not To Move
Replies: 14
Views: 1012

Re: What is your favorite consumer product?

Publix yogurt and fruit cups
Starbucks coffee
by johnep
Wed Feb 18, 2015 4:39 pm
 
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 165
Views: 9952

Re: Ironic Downside to Retirement Planning

I had planned my retirement very carefully and intended to retire at age 63 when I would get full credit for my pension. I had a lot of pressure in my job and the office politics were brutal. This caused me to eagerly anticipate my retirement for years. However, my job situation improved dramaticall...
by johnep
Wed Feb 18, 2015 7:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Ironic Downside to Retirement Planning
Replies: 17
Views: 2873

Re: Total Stock Market Index Fund

I voted to hold but if you are making a change in your AA, this could be a reasonable move. I own both funds and like them both.
by johnep
Wed Feb 18, 2015 7:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Total Stock Market Index Fund
Replies: 4
Views: 730

Re: Large Age Gap with Spouse/Partner

I'm considerably older than my wife, but less than the gap you're looking at. For me, 50 didn't feel much different from 25. But during that next decade, the years definitely caught up to me. I don't think relationships are that challenging for most people at 25/50, but you have to consider how you...
by johnep
Tue Feb 17, 2015 11:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Large Age Gap with Spouse/Partner
Replies: 63
Views: 5164

Re: active vs passive in response to Larry Swedroe posting

The gist of the article was to compare a top notch active investing mutual fund - Tweedy Brown - to a similar passively invested DFA Wow. First off, in my opinion, DFA is not a true index fund. Index fund definition from The Street. This term generally refers to index funds. The manager is not actu...
by johnep
Mon Feb 16, 2015 8:38 am
 
Forum: Investing - Theory, News & General
Topic: active vs passive in response to Larry Swedroe posting
Replies: 30
Views: 3269

Re: Your car repair/parts expenses for 2014

$1,400 for 2007 Toyota Avalon with 115k miles which includes tires for $800. I expect this to increase as the car ages. Avalons are more expensive to repair than most Toyotas. Other car is 2014 Camry still under warranty.
by johnep
Mon Feb 16, 2015 8:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Your car repair/parts expenses for 2014
Replies: 29
Views: 1744

Re: rank order fixed income options

Intermediate munis (taxable)
Intermediate corporate inv grade (pre tax)
CDs
HY corporate (pre tax)

I own some TIPS but not a big fan of them in today's environment. Ditto for treasuries.
by johnep
Sat Feb 14, 2015 9:10 am
 
Forum: Investing - Theory, News & General
Topic: rank order fixed income options
Replies: 14
Views: 1034

Re: Where to buy nice men's dress shirts?

Another vote for Brooks Brothers non iron. They look great and last a long time. I have always bought mine on sale. A cheaper alternative that is pretty good is Eagle no iron shirts. I can get on sale for $25 to $30. I buy those from Steinmart although local dept stores also carry at a higher price.
by johnep
Thu Feb 12, 2015 7:15 am
 
Forum: Personal Consumer Issues
Topic: Where to buy nice men's dress shirts?
Replies: 84
Views: 6116

Re: Your lifetime earnings are probably determined in your 2

No surprise to me. Essentially the article is saying that the pyramiding affect still applies to workers. As workers ascend the pyramid, there are fewer and fewer opportunities for advancement. There is only one CEO per company.
by johnep
Wed Feb 11, 2015 7:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Your lifetime earnings are probably determined in your 20s
Replies: 5
Views: 2026

Re: Warren Buffett donot like stock Analysts

About 20 years ago, I bought my first 2 stocks. Since I was the director of an IT organization, I bought 2 tech stocks. They were doing really well and then one day one of the companies dropped 25% in one day. I checked the Internet to find out why and really could not find any information. In fact,...
by johnep
Mon Feb 09, 2015 12:19 pm
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett doesn't like stock analysts [valuing BRK]
Replies: 18
Views: 1741

Re: How much was your Tax Refund (or amount DUE)

Federal $200 refund, NC owe $1700, SC refund $2400. I sold land in SC in 2014 and had a large LTCG. SC required payment of $3100 at closing even though actual tax would be less. I miscalculated required NC estimated tax (NC income tax law changed dramatically in 2014). The interest penalty on my NC ...
by johnep
Mon Feb 09, 2015 8:19 am
 
Forum: Personal Finance (Not Investing)
Topic: How much was your Tax Refund (or amount DUE)
Replies: 110
Views: 7220

Re: Your Future According to Yale Star Robert J. Shiller

Everyone's circle is different and the next 20 years will likely be very different than the last 20. Over the last 20, I've easily known well over 100 people who have lost jobs. Different companies, different industries, both white and blue collar. Virtually none due to automation (I'm not saying i...
by johnep
Mon Feb 09, 2015 8:09 am
 
Forum: Investing - Theory, News & General
Topic: Your Future According to Yale Star Robert J. Shiller
Replies: 86
Views: 10178

Re: Advantages of working past your number

Working longer will increase your retirement savings, increase the probability that your savings will last, enable you to live at a higher level in retirement, etc. For some people, there is never enough money. Also, working longer will increase the chance you will die at your desk or retire after y...
by johnep
Sun Feb 08, 2015 7:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Advantages of working past your number
Replies: 53
Views: 4053

Re: Stay until vested?

Many government pension plans allow the purchase of time spent in other government pension plans, whether vested or not. You should check on this for your prospective new employer as it may be worth your while to do so. You usually have to be vested in the new plan in order to do buy back time if th...
by johnep
Sun Feb 08, 2015 7:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Stay until vested?
Replies: 10
Views: 1222

Re: Medicare & medigap before age 65

There is a SHIIP organization in each state whom you can call with questions about Medicare programs. This is a free service and they are pretty good at helping people. They can help you decipher the complexities of these programs. This is a free service, these people are not selling anything, and a...
by johnep
Sat Feb 07, 2015 8:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Medicare & medigap before age 65
Replies: 15
Views: 1679

Re: Investment vs Pension

I did a similar thing in NC. I bought back 5 years at cost of $63k. In addition to increasing my pension payout, it enabled me to reach full retirement at an earlier age, gave me added vacation and longevity pay. Overall, it was well worth it. Your retirement pay will be calculated on the highest pa...
by johnep
Fri Feb 06, 2015 7:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Investment vs Pension
Replies: 19
Views: 1416

Re: Private Car Sale - Risks ?

I have sold several cars over the years myself. Times have changed and I will never do it again. I will either trade in and sell to CarMax. IMO, the risks are too great in this day and age to compensate for money I might receive. I did what others suggest, meeting at a very public place in daylight ...
by johnep
Fri Feb 06, 2015 7:27 am
 
Forum: Personal Consumer Issues
Topic: Private Car Sale - Risks ?
Replies: 35
Views: 1833

Re: Advice on Selling Car with Manual Transmission?

I sold my 1992 Camry LE with 5 speed in 2004. It had 150k miles and was mechanically sound but the AC did not work (which is a big deal in the South and an expensive repair). There were a few cosmetic defects. My wife said no one would buy the car. I advertised and immediately a guy contacted me and...
by johnep
Thu Feb 05, 2015 8:27 am
 
Forum: Personal Consumer Issues
Topic: Advice on Selling Car with Manual Transmission?
Replies: 30
Views: 2331

Re: Approaching 50...What to expect?

The 50s are a good time to make sure you take good care of yourself for the long term. Establish a good exercise regimen and develop a reasonable diet. Many health problems develop slowly over decades and catch up with us in our 50s and 60s. Many of these can be prevented or minimized by taking good...
by johnep
Wed Feb 04, 2015 9:18 am
 
Forum: Personal Consumer Issues
Topic: Approaching 50...What to expect?
Replies: 108
Views: 10010

Re: Freedom to take Financial Employment Risks

My first professional job lasted 13 years. The company decided to merge our operation with another facility in another state about 800 miles away. I really enjoyed my job, the people I worked with and the company had been very good to me. I was really tormented about my decision but finally decided ...
by johnep
Wed Feb 04, 2015 8:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Freedom to take Financial Employment Risks
Replies: 5
Views: 611

Re: Bearish Boglehead, is there such a thing?

You see a lot of variety in AA of people on this forum. Some have 100% in equity, although I think most are between 80/20 and 40/60. There are a fair number of retirees who are more conservatively invested, using age in bonds or something less. I do not think of it as bullish or bearish, but rather ...
by johnep
Wed Feb 04, 2015 8:22 am
 
Forum: Investing - Theory, News & General
Topic: Bearish Boglehead, is there such a thing?
Replies: 45
Views: 3945

Re: Replacing a reliable Toyota

I bought my DW a 2008 Hyundai Sonata new in 2008. At the time, I was driving a 2004 Camry LE. We quickly realized the Camry was a much better car. Smoother ride, quieter, better appointed. Due to dissatisfaction, we traded the Sonata for a 2007 Toyota Avalon in 2010. First time we did not go at leas...
by johnep
Mon Feb 02, 2015 12:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Replacing a reliable Toyota
Replies: 43
Views: 4054

Re: How to sell directly held municiple bonds?

I have brokerage accounts with both Fidelity and Vanguard. I know that both have bond desks that buy and sell bonds for clients. I would suggest contacting either of these, especially if you have funds invested with them or plan to do so. They should be able to guide you in this process.
by johnep
Mon Feb 02, 2015 11:56 am
 
Forum: Investing - Help with Personal Investments
Topic: How to sell directly held municipal bonds?
Replies: 7
Views: 519

Re: How to fire a client? [software ownership issues]

I understand and agree with your desire to be held harmless for any future issues from use of software. Ownership of the software is unclear. If you were paid by the client to develop the software, I doubt that you can now claim ownership absent any agreement to that fact. You will need legal advice...
by johnep
Mon Feb 02, 2015 8:55 am
 
Forum: Personal Finance (Not Investing)
Topic: How to fire a client? [software ownership issues]
Replies: 69
Views: 4893

Re: Are there skilled investors and managers?

I agree that there are a small number of skilled investors and managers. As OP stated, skilled managers generally succumb to asset bloat or they close the fund before it gets too large and unmanageable. The ideal is to find one before they close their fund, but that is hard to do. Active investors m...
by johnep
Mon Feb 02, 2015 8:10 am
 
Forum: Investing - Theory, News & General
Topic: Are there skilled investors and managers?
Replies: 25
Views: 1439

Re: Best ways to save on electricity bill

Make sure you have adequate insulation in attic and floors if you have a crawl space. Seal cracks and make sure windows and doors are properly insulated and air tight. We have attic stairs and use our attic for additional storage. I installed an attic tent which seals the opening to the folding atti...
by johnep
Mon Feb 02, 2015 7:51 am
 
Forum: Personal Consumer Issues
Topic: Best ways to save on electricity bill
Replies: 47
Views: 4635
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