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Re: I am surely doing something wrong (FireCalc question)

What I have seen is 25 times expenses after social security, pensions and any other source of guaranteed income. That is a big difference from 25 times your expenses. As one who is retired, I find the former works just fine.
by jwa
Sat Oct 04, 2014 10:27 am
 
Forum: Personal Finance (Not Investing)
Topic: I am surely doing something wrong (FireCalc question)
Replies: 45
Views: 4440

Re: Looking for advice- Already Retired.

CORRECTION: The thread that Taylor Larimore started on the three fund portfolio is the very first thread under " Investing - Theory, News and General."
by jwa
Fri Sep 26, 2014 1:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Looking for advice- Already Retired.
Replies: 19
Views: 2477

Re: Looking for advice- Already Retired.

Is there a question in here somewhere or are there many? Sorry but I am lost as to what you are looking for. You do mention being nervous about having money in the stock market. We all are. We are all also nervous about money in the bond market. Nonetheless, we have our individual plans and we stick...
by jwa
Fri Sep 26, 2014 1:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Looking for advice- Already Retired.
Replies: 19
Views: 2477

Re: To LMP or Not to LMP? [Liability Matching Portfolio]

Thanks for the clarifications, jwa. Just to clarify a little further—a lot of what you wrote is what Dr. Bernstein recommended for the general case, but doesn’t apply to us. Our portfolio just hit its “magic number,” so if we go the LMP route, we would convert all of our equities into TIPS ladders ...
by jwa
Fri Jul 11, 2014 1:37 pm
 
Forum: Investing - Theory, News & General
Topic: To LMP or Not to LMP? [Liability Matching Portfolio]
Replies: 11
Views: 1996

Re: Retirement calculator?

I have looked at and used many different retirement calculators. The best in show as far as I am concerned is the Fidelity Retirement Planner. To the previous poster that wound up with 80 million or whatever it was I have to echo what was posted as to what were the inputs entered. I am within 5 year...
by jwa
Fri Jul 11, 2014 1:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement calculator?
Replies: 25
Views: 4170

Re: To LMP or Not to LMP? [Liability Matching Portfolio]

um... Dr Bernstein did not say convert all of your stocks to TIPS. What he has written is once you have won the game convert stocks to TIPS, short term bonds and other stable investments. Won the game was defined as 20 to 25 times your annual expenses minus social security and any pensions. Anything...
by jwa
Fri Jul 11, 2014 9:58 am
 
Forum: Investing - Theory, News & General
Topic: To LMP or Not to LMP? [Liability Matching Portfolio]
Replies: 11
Views: 1996

Re: Best Kayak Trailer

I will be interested to see if this thread has legs. I am 64 and lift a 50 fishing pound kayak on top of a full size passenger car and get the job done though I sometimes wish it weighed a bit less. However, I am finding myself lusting for a larger and heavier kayak that I know that I couldn't get o...
by jwa
Wed Jul 02, 2014 12:15 pm
 
Forum: Personal Consumer Issues
Topic: Best Kayak Trailer
Replies: 7
Views: 584

Re: SS Gap Until 70?

As GED said. I too wondered (actually worried) about the gap to 70 for several months thinking about it. I knew it would entail me taking out more than the so called safe 4% for a few years but with a big drop come 70. Humm... would I still jeopardize my long term financial status? I didn't think so...
by jwa
Sat Jun 28, 2014 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: SS Gap Until 70?
Replies: 29
Views: 2533

Re: Temporarily Dropping Car Insurance

Actually homeowner's insurance usually excludes automobiles. In the case of the car in the garage, the homeowner's insurance would probably cover the garage and contents of the garage, but not the car. THIS. Automobiles are excluded from the homeowners policy. If one puts a car on blocks over the w...
by jwa
Wed Jun 11, 2014 7:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Temporarily Dropping Car Insurance
Replies: 13
Views: 1241

Re: Best Homeowners Insurance in IL

I would probably stay away from Homesite. I am in the business and in Illinois and I have never heard of them which may or may not mean anything. However, I did some research on them and they have only been in business since 1998 so I would be concerned with their capitalization. There also seem to ...
by jwa
Wed Jun 11, 2014 5:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best Homeowners Insurance in IL
Replies: 10
Views: 1139

Re: Temporarily Dropping Car Insurance

I speak as an agent and as a former underwriter for an insurance company. If you sell your car and move to another city that will not be frowned upon. What is frowned upon is the individual that lets their coverage lapse and allows time to pass before doing anything about it. That shows bad judgemen...
by jwa
Wed Jun 11, 2014 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Temporarily Dropping Car Insurance
Replies: 13
Views: 1241

Re: 20x expenses question

What I have read is 20 to 25 times your expenses beyond what is not covered by SS, pensions and other guaranteed sources of income. Intuitively this makes sense to me. If I have a large pension and nice SS checks to rely on that cover my expenses I probably don't need as much money. On the other han...
by jwa
Sun Jun 08, 2014 2:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: 20x expenses question
Replies: 8
Views: 1590

Re: Retirement Planning Calculator from Vanguard

Thanks Mel! Is it perfect? No. Is it a useful guide? For me it is.

It makes me wonder why I am still working.
by jwa
Wed May 21, 2014 10:12 am
 
Forum: Investing - Theory, News & General
Topic: Retirement Planning Calculator from Vanguard
Replies: 11
Views: 1848

Re: Are Single Premium Annuities a good deal?

Bustoff, not only is there the return of premium to contend with but survivorship credits as well. In other words, when others die, you win.
by jwa
Tue May 13, 2014 11:50 am
 
Forum: Investing - Theory, News & General
Topic: Are Single Premium Annuities a good deal?
Replies: 91
Views: 4470

Re: *poor* Bogleheads

What IlliniDave said! There are more like him here than one might imagine. Read the "Millionaire Next Door" and then live it. That's what I did and I never made 6 figures and my wife didn't work but raised our three kids. I'm nearing normal retirement age now and though I will never be con...
by jwa
Fri Apr 18, 2014 11:05 am
 
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 13482

Re: Farmers Auto, house, umbrella insurance

I am in the insurance business. My son had his insurance with Farmers. There is a coverage in the homeowners policy that they excluded. In the portion of the policy of additional coverages they basically say we are excluding the exclusion therefore you have this coverage. His claim was denied and he...
by jwa
Thu Mar 13, 2014 5:51 pm
 
Forum: Personal Consumer Issues
Topic: Farmers Auto, house, umbrella insurance
Replies: 9
Views: 942

Re: Should I contact ins. co. about possible homeowners clai

Unless you have significant damage from the leak itself, ie wet carpets, damaged furniture, etc. your event isn't covered anyway. The water damage clause usually provides for damage as a result of "sudden and accidental" leakage, and the repair to the piping itself us usually excluded. Re...
by jwa
Thu Mar 13, 2014 5:42 pm
 
Forum: Personal Consumer Issues
Topic: Should I contact ins. co. about possible homeowners claim?
Replies: 5
Views: 751

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

Maybe everyone is taking this into account but I'm not sure. Dr. Bernstein used the 25 x expenses after other income such as pensions, social security or annuities. This reduces the heavy lifting that needs to be done.
by jwa
Tue Mar 11, 2014 11:40 am
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 264
Views: 34575

Re: Need help buying health insurance

I didn't take the time to read every post so perhaps someone has already mentioned this. What state are you in? Perhaps your state adopted expanded medicare at the beginning of this year. Most states did and if in one of those states with a near poverty level income you should qualify for free cover...
by jwa
Thu Mar 06, 2014 12:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need help buying health insurance
Replies: 30
Views: 1546

Re: My Company's Retirement Seminar. . . What a sham!

A few years back, the corporate America firm I was employed by had a 401K plan with many high price mutual fund choices. The lowest cost fund was a S & P 500 index that had a .73 expense ratio. Finally I had enough. I was in touch via email a couple times and even had a phone conversation with t...
by jwa
Mon Mar 03, 2014 3:42 pm
 
Forum: Investing - Theory, News & General
Topic: My Company's Retirement Seminar. . . What a sham!
Replies: 15
Views: 2670

Re: Early Retirement and ObamaCare

Net worth has nothing to do with Obama Care. It could be that your friend's income is low enough to qualify for medicaid in those states that agreed to expand medicaid and net worth doesn't apply to medicaid in those states any longer. The key now is MAGI. I don't remember the exact details and I am...
by jwa
Thu Feb 27, 2014 2:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Early Retirement and ObamaCare
Replies: 26
Views: 2914

Re: How Much Auto Coverage Do I need?

Tell me how much you are going to get sued for and I will tell you how much liability insurance you need. I would say state minimum limits like 15/30 is woefully inadequate. Have an at fault accident on the interstate and run a semi or high priced RV off the road and that limit isn't going to help y...
by jwa
Wed Feb 26, 2014 1:16 pm
 
Forum: Personal Consumer Issues
Topic: How Much Auto Coverage Do I need?
Replies: 16
Views: 1243

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

As a holding company, Berkshire Hathaway has large investments in the insurance business with both primary insurance and reinsurance. Statutory requirements are that insurors hold a certain percentage of policyholder surplus in bonds. Regardless if Mr Buffet likes or dislikes bonds at any given time...
by jwa
Tue Feb 25, 2014 2:03 pm
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett's portfolio for his wife: Vanguard index fund
Replies: 70
Views: 12025

Re: "The dangers of long-term care insurance"

Those same regulators approved the previous assumptions/pricing. You do realize insurance companies have gone under in the past and this is without any of the ltci issues mentioned in this thread and some people have lost money? I can't recall who posted it but a while back someone posted a link in...
by jwa
Sat Feb 22, 2014 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: "The dangers of long-term care insurance"
Replies: 132
Views: 13205

Re: Best place to buy bike parts

Don't get a recumbent trike. I've always had Shimano but I do like Campy triple and that's how I'd probably go today. 48-38-28 crankset appeals to me more than Shimano 52-42-30. However, with a longer mountain rear derailler with Shimano rear gearing can be as low as 36. Depends on how you are going...
by jwa
Sat Feb 22, 2014 12:46 pm
 
Forum: Personal Consumer Issues
Topic: Best place to buy bike parts
Replies: 22
Views: 1732

Re: TAYLOR'S UPCOMING 90th BIRTHDAY

In childhood we seem to have many heros but in adulthood not so many. In recent times, since venturing to the Bogleheads forum, you have become a hero to me. :sharebeer

PS: Keep Mel in line.
by jwa
Fri Jan 24, 2014 1:31 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Taylor's 90th Birthday
Replies: 272
Views: 23227

Re: Early Retirement

One might read/review Jim C. Otar's "Unveiling the Retirement Myth" for more knowledge and ideas. I would but I can't afford it. The pages must be gold instead of paper. Amazon has used copies of the paperback for $500 to $3000. That's for 1 copy. Wow. Come on. A read-only PDF is availabl...
by jwa
Wed Jan 22, 2014 11:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Early Retirement
Replies: 19
Views: 3449

Re: Early Retirement

livesoft wrote:One might read/review Jim C. Otar's "Unveiling the Retirement Myth" for more knowledge and ideas.


I would but I can't afford it. The pages must be gold instead of paper.
by jwa
Tue Jan 21, 2014 10:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Early Retirement
Replies: 19
Views: 3449

Re: SA: Why I'm Not A Passive Investor

I'm not a stock picker. Stocks that I think are great buys many times turned out to be dogs. Warren Buffett is a great stock picker but I am not and studies have shown most people are not either. Then one needs to ask if they are as savvy as Warren Buffett or am I just one of the faces in the crowd....
by jwa
Fri Jan 17, 2014 4:09 pm
 
Forum: Investing - Theory, News & General
Topic: SA: Why I'm Not A Passive Investor
Replies: 19
Views: 2611

Re: Rethinking my asset allocation

I am reading a chapter in a book that was written by Jim Otar. If I am understanding him correctly, he seems to think 60% FI and 40% equities has the best survival rate for retirees. I said the heck with it though. I'm going to be bold even in my mid 60's and do 50/50. :D
by jwa
Thu Jan 02, 2014 11:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rethinking my asset allocation
Replies: 24
Views: 2623

Re: Should I opt out of my bond allocation?

When I started in my late 20's with a 401k, I ran somewhat contrary to what many here have done. At that age, I did not allocate any of my investment to FI. For a couple of decades I bought the S & P 500 with every paycheck. I dollar cost averaged. I told people who were frightened when the mark...
by jwa
Thu Jan 02, 2014 11:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I opt out of my bond allocation?
Replies: 47
Views: 3984

Re: Do you think Warren Buffet was being irresponsible

With the Schuler 10 year pe index at slightly over 26, at this juncture, and given my age I will not move everything over to stocks. Yes interest rates may go up causing bond values to go lower. While I have some uneasiness with the Schuller index and don't completely trust it I do think it signals ...
by jwa
Mon Dec 30, 2013 3:22 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think Warren Buffet was being irresponsible
Replies: 31
Views: 3184

Re: What Was Your Best Portfolio move in 2013

Taylor Larimore is my mentor I've not met. This year I consolidated everything into the 3 fund portfolio and I couldn't be happier. :D
by jwa
Fri Dec 27, 2013 2:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: What Was Your Best Portfolio move in 2013
Replies: 125
Views: 7815

Re: Bogleheads favorite Task management App?

I have been using a MS Word file for my task management for so long that I am reluctant to transition to anything else. And here lies the key question with all technology: To move or not to move? Victoria I have decided with many trials and errors on new ways that if I have something that works I w...
by jwa
Thu Dec 19, 2013 3:31 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads favorite Task management App?
Replies: 17
Views: 1391

Re: Whole Life Help

I wonder why there is no "whole hazard" policy for your house and car. You know, it would have a savings/investment account with it, as well as insuring your house against fire and your car against theft and liability. After all, a house or car insurance policy is, like term life, "h...
by jwa
Fri Dec 13, 2013 5:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Whole Life Help
Replies: 17
Views: 1626

Re: Any bogleheads work "for the dark side"?

If the red and white you speak to is based out of Bloomington, IL, I would say investigate. A contract with them 20 to 30 years ago was in my opinion a very valuable franchise. I almost took them up to start a scratch start up agency but at the time they were heavily life insurance oriented and fran...
by jwa
Fri Dec 13, 2013 4:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any bogleheads work "for the dark side"?
Replies: 36
Views: 4238

Re: Umbrella coverage for lawsuits

nodenuff2 wrote:Best answer is Trimms. Not to say thothers aren't ok.


I'm hurt :( .
by jwa
Thu Dec 12, 2013 4:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella coverage for lawsuits
Replies: 34
Views: 3376

Re: Umbrella coverage for lawsuits

Like all liability policies, umbrellas cover the policyholders negligence for bodily injury to third party or property damage to a third parties property. In many cases there is coverage for personal injury like slander or libel if it was unintentional. As mentioned about the umbrella but true of th...
by jwa
Thu Dec 12, 2013 2:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella coverage for lawsuits
Replies: 34
Views: 3376

Re: Signing up for health care

I should also add that the income I reported on the initial application was in excess of the minimum not to be on Medicaid by a couple thousand so I was confused by this. When I added another $7,000 to my income everything was copesetic.
by jwa
Thu Dec 12, 2013 2:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Signing up for health care
Replies: 324
Views: 26306

Re: Signing up for health care

Yes you can start a brand new application as I did with complete new account (can't delete completed one yet - see post above) and got approved with a subsidy. I wonder if it's possible to be honest in filling out the application (you have to submit it under penalty of perjury) and still get the co...
by jwa
Thu Dec 12, 2013 2:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Signing up for health care
Replies: 324
Views: 26306

Re: Tips on staying the course...

At the end of many days I check out the CNN website to see the headlines for the day. Invariably I look over to the right to see what the markets are doing and then I ask myself - why did I do that? I never act on it.
by jwa
Wed Dec 11, 2013 9:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tips on staying the course...
Replies: 19
Views: 1489

Re: Which retirement calculator do you trust?

Firecalc and Fidelity's retirement planner. I'm not smart enough to use an Excel spreadsheet and I hate playing around with numbers with a passion, thus, I personnally favor these plug and play type of calculators. These two are the ones I turn to the most but I recently started to look at cfiresim ...
by jwa
Tue Dec 03, 2013 8:18 pm
 
Forum: Investing - Theory, News & General
Topic: Which retirement calculator do you trust?
Replies: 25
Views: 2669

Re: Malkiel suggests a different asset allocation

Didn't Dr Bernstein just suggest that with the value of stocks now would be a good time to ratchet down some? I'm so confused. Perhaps I should just stay the course. :D
by jwa
Wed Nov 27, 2013 2:36 pm
 
Forum: Investing - Theory, News & General
Topic: Malkiel suggests a different asset allocation
Replies: 41
Views: 4646

Re: Help Pick ObamaCare Plan?

Jack is right. The exchange is not government insurance but merely an on line marketplace. One way or another to qualify for subsidies you have to do it through the exchange. Go to the private marketplace and you don't qualify for subsidies unless the insurance agent or whomever does the work to get...
by jwa
Tue Nov 26, 2013 11:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help Pick ObamaCare Plan?
Replies: 51
Views: 2631

Re: Poll: House value as % of assets when mortgage paid off.

20.54794% but this is a swag as I truly don't know what my house is worth for sure. It is paid for and I have lived in it a long time and plan on living in it for long time to come so I've not really paid much attention to the real estate market in over 20 years. Therefore, my house value is perhaps...
by jwa
Tue Nov 26, 2013 5:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: House value as % of assets when mortgage paid off.
Replies: 41
Views: 3073

Re: If want a good laugh watch this [advisor] video

Thanks for sharing Larry.... I guess... sort of. In all honesty I couldn't take more than about three and a half minutes and turned it off.
by jwa
Thu Nov 14, 2013 11:17 pm
 
Forum: Investing - Theory, News & General
Topic: If want a good laugh watch this [advisor] video
Replies: 41
Views: 4204

Re: Liability Insurance [umbrella policy questions]

Tell me how much you might get sued for and I will tell you how much you need :D . For the vast majority of people a one million dollar umbrella is sufficient and this is the limit on my own umbrella.
by jwa
Wed Oct 30, 2013 5:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Liability Insurance [umbrella policy questions]
Replies: 28
Views: 3017

Re: Managers of The Three Fund Portfolio.

Excellent picture. The guy without a tie has guided me to my current investment portfolio. The guys with ties are executing that strategy.

Thanks for the picture Taylor!
by jwa
Tue Oct 29, 2013 3:22 pm
 
Forum: Investing - Theory, News & General
Topic: Managers of The Three Fund Portfolio.
Replies: 13
Views: 2731

Re: What AA would you suggest going into early retirement?

I am 63 and 7 mos and just retired. I'm planning to start Roth conversions in a year or so when my wife retires, and will be delaying my SS to age 70. My wife has already started taking her SS. My portfolio right now is about 1.3 million. So for the next 6/7 years I will have my highest withdrawal ...
by jwa
Tue Oct 29, 2013 3:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: What AA would you suggest going into early retirement?
Replies: 14
Views: 1214

Re: Why can Auto Insurers give Educational Discounts ?

Back to the original poster. I am sure that the insurance company in question has done actuarial studies of their book of business and have found those with a college degree to be a profitable segment to them. Car insurance is a commodity purchase and the best way to attract the market segment desir...
by jwa
Wed Oct 23, 2013 7:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why can Auto Insurers give Educational Discounts ?
Replies: 31
Views: 1368
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