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by lawman3966
Thu May 21, 2015 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: The end of the nest egg
Replies: 18
Views: 2834

Re: The end of the nest egg

I can't answer the central question you have posed. However, I feel the need to say that you have presented an overly simplified view of what most people's retirement finances really look like. Most people will retire on a combination of a lump sum and one or more guaranteed streams of income. For t...
by lawman3966
Thu May 21, 2015 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Age 56, Need Asset Allocation Advice
Replies: 16
Views: 961

Re: Age 56, Need Asset Allocation Advice

BL and Tiko and everyone--what is considered a really good (Low) ER on a Bond Index Fund? (I think Tiko answered this with the graphic--THANKS!) And I don't think I have access to a separate brokerage account on my 401K, but I'll ask. Lost Vanguard bond funds run about 0.10% for Admiral shares. I g...
by lawman3966
Thu May 21, 2015 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Being an Uber driver
Replies: 11
Views: 1513

Re: Being an Uber driver

I'd hold off on getting a new vehicle until you know how this venture pans out. If he begins getting a stable income from this job, it could be worth getting another vehicle. I've thought of doing this myself at some point. However, given the very low barriers to entry into this business/job, I tend...
by lawman3966
Sat May 16, 2015 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 158
Views: 9202

Re: How much does social security factor into your retirement income?

How much does social security factor into your retirement income ? A lot. For those who say SS factor is zero.......... better step up your saving. You'll probably need an extra cool million to replace it. burt One million sounds awfully high. When he proposed counting the value of SS as a bond, J ...
by lawman3966
Sat May 16, 2015 9:47 am
Forum: Investing - Theory, News & General
Topic: Fees on Mutual Funds Fall. Thank yourself.
Replies: 20
Views: 2609

Re: Fees on Mutual Funds Fall. Thank yourself.

Nice article from the New York Times that includes quotes from an interview with Bogle. http://www.nytimes.com/2015/05/10/your-money/fees-on-mutual-funds-fall-thank-yourself.html Great trend of course, but I worry if the lost revenue from people moving to index funds will cause 401k plan expenses t...
by lawman3966
Fri May 15, 2015 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Electronic Door Locks
Replies: 12
Views: 1134

Re: Electronic Door Locks

Another poster above beat me to the issue of hackers. Nevertheless, I feel I can add to the issue. I recently read that cars that lock/unlock automatically based on the presence of a transceiver on the key chain are now a point of vulnerability for car thieves. They use signal amplifiers to help the...
by lawman3966
Thu May 14, 2015 9:26 am
Forum: Investing - Theory, News & General
Topic: Your Safety Net
Replies: 31
Views: 3597

Re: Your Safety Net

I really wonder whether this is a "new method" at all. Placing 20% of one's assets in cash could easily fit into the traditional Bogle "age in bonds" (or more aggressive) age-based asset allocation approach. Cash usually just means the lowest risk, shortest-term end of the bond s...
by lawman3966
Fri May 08, 2015 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Retired, need help with investment
Replies: 15
Views: 1668

Re: Retired, need help with investment

From my quick mental calculations, you have about $ 1.1 million in lump sum assets in addition to $77K/year coming in. You didn't specify whether the $77K is all COLA adjusted or not, though the SS component of it surely is. In brief, you have done well and are likely in better shape than all but a ...
by lawman3966
Thu May 07, 2015 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Easy careers to last me to retirement?
Replies: 141
Views: 16991

Re: What job to get to coast to Retirement at age 59 1/2?

Move to a low cost country. (outside US) till you hit 59 1/2. Take a job, which will pay for your rental / house. use 4% of returns from your $100K taxable investment for eg: India - 4% of 100K would be USD 4000 pa = ~INR 21000 pm. You can pretty much live ok except for a rental house. Thailand, Me...
by lawman3966
Thu May 07, 2015 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Easy careers to last me to retirement?
Replies: 141
Views: 16991

Re: What job to get to coast to Retirement at age 59 1/2?

The jobs I'm going to recommend are the ones I've considered when I start coasting. The following have occurred to me: Driving for Uber or Lyft: The barriers to entry are so low that I wonder how good the income can be. But, it's worth checking out. Teaching English as a second language: There is no...
by lawman3966
Thu Apr 30, 2015 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Finding the actuarial value of delaying SS benefits
Replies: 35
Views: 3507

Re: Finding the actuarial value of delaying SS benefits

It's more accurate to say that SS benefits were intended to be actuarially neutral. However, in practice, the intended neutrality may or may not be achieved, depending upon currently prevailing real interest rates. The determination of when to take benefits with the 62-70 age range depends on two ma...
by lawman3966
Tue Apr 28, 2015 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA, ACA, etc?
Replies: 21
Views: 1324

Re: COBRA, ACA, etc?

Looks like you can't enroll in ACA outside the annual enrollment period unless your COBRA eligibility has run out. https://www.healthcare.gov/unemployed/cobra-coverage/ Has anyone gone through this COBRA-versus-Marketplace comparison themselves. COBRA for me is a known quantity with a known cost. B...
by lawman3966
Fri Apr 24, 2015 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: TSP ==> Vanguard or not
Replies: 15
Views: 1433

Re: TSP ==> Vanguard or not

I'd keep the TSP. There are several aspects to retirement accounts worth considering, including the backdoor Roth option. Since others have raised the Roth issue, I'm focusing on other issues here. (1) Creditor protection: The TSP like 401K/403(b) plans is protected from creditors to a greater exten...
by lawman3966
Tue Apr 21, 2015 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Have a saved enough to retire?
Replies: 18
Views: 1984

Re: Have I saved enough to retire?

At your current spending level, with our stated assets, it seems likely that you could retire. One issue is what spending level is sustainable in view of your assets and costs. A much more definite answer could be provided if you provide additional information. The most glaring omissions from my sta...
by lawman3966
Mon Apr 20, 2015 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: [Who is Ameriprise? Got invitation from a financial advisor]
Replies: 32
Views: 2968

Re: [Who is Ameriprise? Got invitation from a financial advi

Regardless of the name, just think of any of the big name financial advisory firms as being Boglehead-like forums that give bad advice and charge for it.

The rest is elaboration.

(I'm going to stick with the forum that gives good advice for free).
by lawman3966
Sat Apr 18, 2015 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Budgeting
Replies: 9
Views: 1526

Re: Retirement Budgeting

The only things regarding cost savings that spring to mind are: (a) budget cell phone plans; and (b) adjusting one's investments to maximize the ACA subsidy. While you're at it, you could check to see which states are best for ACA in addition to having lower costs of living. There are a number of bu...
by lawman3966
Fri Apr 10, 2015 4:33 pm
Forum: Investing - Theory, News & General
Topic: One percent can mean a lot... (article)
Replies: 7
Views: 1967

Re: One percent can mean a lot... (article)

My initial reaction is that of any boglehead - that they're ignoring the "other" 1% - the fees usually imposed by active management. However, I can't even imagine how many people are employed in this world solely because of the innumeracy of others. If they all became unemployed, what woul...
by lawman3966
Tue Apr 07, 2015 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Cell phone question
Replies: 10
Views: 985

Re: Cell phone question

Can you take pictures and video on a cell phone without cell phone service? Yes, but for me, the issue is what connectivity the phone has, rather than merely its ability to take a photo. I had an old Evo smartphone that I canceled mobile service to. Once the mobile service was cut, the phone functi...
by lawman3966
Wed Apr 01, 2015 11:09 am
Forum: Investing - Help with Personal Investments
Topic: 401k with decent options, but outrageous advisory fee
Replies: 11
Views: 875

Re: 401k with decent options, but outrageous advisory fee

In my experience, fees at the level you report are indeed common in the small-firm 401K world. Smaller firms usually end up with insurance company providers who are coupled to financial advisors, or learn of Employee Fiduciary or other low cost providers, however, the latter case is a small percenta...
by lawman3966
Mon Mar 23, 2015 5:53 pm
Forum: Investing - Theory, News & General
Topic: 401(k) Plan Administrator Career Path
Replies: 7
Views: 1087

Re: 401(k) Plan Administrator Career Path

While I'm not an administrator, I can address some of what you've asked about. At small firms I've worked at in the past, there was cast of characters in the 401K system, of which the administrator was just one. There was the sponsor (the employer), the provider (usually a financial company, that of...
by lawman3966
Tue Mar 10, 2015 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: What would YOU want from a financial advisor?
Replies: 28
Views: 2488

Re: What would YOU want from a financial advisor?

To promise not to get violent when I have him removed from my employer's 401K plan, so that the employees, rather than the advisor, can accumulate wealth from the employees' investment capital.
by lawman3966
Sat Mar 07, 2015 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Protect rollover IRA from potential lawsuit
Replies: 41
Views: 4522

Re: Protect rollover IRA from potential lawsuit

In case it helps, the following is a state by state summary of the protection of IRA and Roth IRA accounts.

http://www.aicpa.org/Publications/taxad ... achart.pdf
by lawman3966
Sat Mar 07, 2015 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Can my friend retire at 30 with 800K saved?
Replies: 19
Views: 2469

Re: Can my friend retire at 30 with 800K saved?

The way you've asked the question, it can be answered only conditionally, based on what happens in her relationship. If the relationship ends, with no further contribution of wealth to her from her ex, I'd say that $800K is not enough to retire on at age 30, let alone retire, AND raise a child with....
by lawman3966
Thu Mar 05, 2015 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: not sure about my adviser
Replies: 68
Views: 5990

Re: not sure about my adviser

Isn't my advisor going to call me and ask "What happened?" Doesn't there have to be some kind of formal closure with the FA? When I transferred my investments from an expensive 401K plan to Vanguard, I never had to speak to the advisor or any administrator for the 401K plan. Once VG proce...
by lawman3966
Thu Mar 05, 2015 9:47 am
Forum: Investing - Help with Personal Investments
Topic: not sure about my adviser
Replies: 68
Views: 5990

Re: not sure about my adviser

In addition to listing the ERs for each fund, also list the Loads (front and/or back end loads). The incentive for churning your account (40 trades for a retirement portfolio is churning in my book) is not the $30 trading fee, it's more likely the load you pay each time money is moved into a new fun...
by lawman3966
Tue Mar 03, 2015 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: .
Replies: 37
Views: 3861

Re: US citizen vs green card

I think the answer ultimately depends on which country you expect to spend the rest of your life in. If you and she intend to remain in the U.S., getting citizenship seems like the right way to go. If she or both of you intend to move to Canada, getting U.S. citizenship can cause problems later on. ...
by lawman3966
Fri Feb 20, 2015 7:29 pm
Forum: Personal Consumer Issues
Topic: Music / Song Help
Replies: 52
Views: 2593

Re: Music / Song Help

"The Spirit of New Orleans" by Arlo Guthrie

"Victoria" by the Kinks.

"Banana Republics" by Jimmy Buffett (who usually gets lower billing than the other Buffett on this forum).
by lawman3966
Thu Feb 19, 2015 9:44 pm
Forum: Investing - Theory, News & General
Topic: 3-1/3% SWR = you can manage it by intuitive household budget
Replies: 40
Views: 3815

Re: 3-1/3% SWR = you can manage it by intuitive household bu

While a 3.33% WR seems reasonable, I don't know that it reaches some particular threshold level of safety that 3.5% or other WR fails to achieve. It appears that the most reliable way to have this WR work would be to form a TIPS ladder and stick to an inflation-adjusted spending rate. The success of...
by lawman3966
Fri Jan 30, 2015 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: .
Replies: 37
Views: 3861

Re: US citizen vs green card

As a Canadian-born, one-time green card holder who became a dual citizen in 1997, my advice would be to err on the side of preserving green card status, unless there's a compelling reason to become a U.S. citizen - such as a job that requires this status. To my knowledge, there's no hindrance collec...
by lawman3966
Thu Nov 27, 2014 10:41 pm
Forum: Personal Consumer Issues
Topic: Cell phone usage while visiting Canada
Replies: 10
Views: 1875

Re: Cell phone usage while visiting Canada

It's not clear whether you plan to bring your Sprint phone to Canada with you. A Sprint rep told me in 2011 that watching a 3-minute youtube video while visiting Toronto would cost me about $60 U.S. Thus, you have to be very careful when traveling with a US-based cell phone. I wish I knew as much ab...
by lawman3966
Sun Nov 16, 2014 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in IPOs / Risks, Warnings?
Replies: 10
Views: 669

Investing in IPOs / Risks, Warnings?

A friend of a friend has put me in touch with someone whose company works on IPOs for various emerging companies. I expect to be offered the opportunity to invest in one or more IPOs, prior to the company going public. The participants have so far spoken of the large potential gains, indicating that...
by lawman3966
Tue Sep 16, 2014 10:18 pm
Forum: Personal Consumer Issues
Topic: Air Purifier for Allergies
Replies: 29
Views: 2535

Re: Air Purifier for Allergies

I see that someone else has already recommended the Austin Air Healthmate. I purchased one of these upon first moving to Dallas in the late 90s. It made the difference between being continously allergic at the level of an incurable common cold, and feeling completely well. Whether other units have s...
by lawman3966
Sat Sep 13, 2014 3:56 pm
Forum: Personal Consumer Issues
Topic: Local Mover Selection
Replies: 8
Views: 536

Re: Local Mover Selection

*Bump.
by lawman3966
Sat Sep 13, 2014 7:29 am
Forum: Personal Consumer Issues
Topic: Local Mover Selection
Replies: 8
Views: 536

Local Mover Selection

I'm choosing from two possible movers for a local move, more accurately a move of stuff from a home into a cargo trailer. One is a national company (Elite Moving Labor, in case anyone has direct experience with them) that franchises its work using local movers. This company is registered with the BB...
by lawman3966
Sat Sep 06, 2014 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: roll pension over to Trad. IRA in this situation?
Replies: 8
Views: 545

Re: roll pension over to Trad. IRA in this situation?

Assuming you will have an average expected longevity, it appears to me that #3 is clearly the best choice, especially if your other investments and income can cover you for the next 15 years and you can get your insurance through alternative means. I did quick calculations of total payout: retire a...
by lawman3966
Tue Sep 02, 2014 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: My early 30's Ameriprise portfolio - UPDATE
Replies: 45
Views: 5366

Re: My early 30's Ameriprise portfolio

1. Could you simply offer high-level feedback on the existing fund lineup? My real feelings are unprintable. My feedback is to move the whole thing into 3-4 low-fee index funds at Vanguard. 2. Do you see any overlap or needless complexity? Yup, big time. 3. How best to compare this to the appropria...
by lawman3966
Fri Aug 29, 2014 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Wrong state tax withheld, over $1000 extra tax
Replies: 10
Views: 1075

Re: Wrong state tax withheld, over $1000 extra tax!

I will answer based on my own experience, but can't guarantee that this applies in your case. When I earned money in two states in one year (both of which had state income tax), I filled out partial-year income tax returns for both states. As I recall, the earned income was taxed only by the state t...
by lawman3966
Fri Aug 29, 2014 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Help - 401k Plan at Work Switching From Fidelity to JH
Replies: 11
Views: 1090

Re: Help - 401k Plan at Work Switching From Fidelity to JH

Once you see the fund lineup, you should be able to pick the funds that closest to being Vanguard-like index funds, and opt for them. For the purpose of selecting among the funds in the JH plan, picking the funds with index-like investing strategies and the lowest fees is all you can do. However, mo...
by lawman3966
Thu Aug 28, 2014 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Only need $315k non-retirement $ to retire at Age 43?
Replies: 36
Views: 5536

Re: Only need $315k non-retirement $ to retire at Age 43?

As noted above, you need to adjust for inflation. That said, I think $400K in retirement accounts and $315K in taxable is actually enough for a 43-year-old single person to retire to a modest standard of living (~$30K/year), assuming one is eligible for Social Security. Keep in mind, you'll likely ...
by lawman3966
Mon Aug 25, 2014 8:51 am
Forum: Personal Consumer Issues
Topic: Seeking New Mobile Service Provider
Replies: 5
Views: 539

Seeking New Mobile Service Provider

I'll be moving from NJ to Colorado next month, and am exploring my options regarding mobile service providers. I currently have a simple/cheap Verizon prepaid phone which I got because my 2011 vintage Spring Evo smartphone had bad reception in this area (central Jersey). And, I still have my Sprint ...
by lawman3966
Tue Aug 19, 2014 1:44 pm
Forum: Personal Consumer Issues
Topic: About to Order my first Mini Cooper S
Replies: 19
Views: 1362

Re: About to Order my first Mini Cooper S

Can't respond to the color question. However, when I faced this issue, selling a used manual transmission vehicle proved to be very difficult. Dealers pretty much refused to even look at it. I had ads running in various places in the Boston area for weeks without a response. I ended up keeping it an...
by lawman3966
Tue Aug 12, 2014 9:21 pm
Forum: Personal Consumer Issues
Topic: How much should a New Jersey home inspection cost?
Replies: 7
Views: 685

Re: How much should a New Jersey home inspection cost?

I don't know if a "special" inspection is needed. However, hiring a high quality inspector, preferably one who is not recommended by a real estate agent, can be extremely valuable. NJ may be full of old houses, but it isn't necessarily full of objective home inspectors. I have heard that s...
by lawman3966
Tue Aug 12, 2014 8:10 am
Forum: Investing - Theory, News & General
Topic: A financial “guru” for world travelers?
Replies: 18
Views: 2197

Re: A financial “guru” for world travelers?

I'll confess to not having read the article you linked to. However, having an acquaintance who day trades has given me a little insight into this world. He mentioned that he had to migrate from one market sector to another as other day traders did the same. In other words, the day traders largely tr...
by lawman3966
Mon Aug 11, 2014 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Renting forever: financial suicide?
Replies: 92
Views: 12252

Re: Renting forever: financial suicide?

There are many reasons why it's not financial suicide to be a lifelong renter. I will turn to the specific issue of buying a 1-br condo now, as I'm sure people smarter than me will chime in later with all sorts of more detailed financial data. I think it would be a major error to buy a place, just t...
by lawman3966
Sun Aug 10, 2014 1:13 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 25376

Re: Dave Ramsey still defending 12% and still angry at "nerd

See, the thing is, on this excellent forum, there are members who will wrangle to the death about an invisible-to-the-naked-eye percentage point in an expense ratio or how to slice and dice their 3% of small cap value - and it's not likely either of those things will matter a hill of beans to the f...
by lawman3966
Sun Aug 10, 2014 12:01 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 25376

Re: Dave Ramsey still defending 12% and still angry at "nerd

See, the thing is, on this excellent forum, there are members who will wrangle to the death about an invisible-to-the-naked-eye percentage point in an expense ratio or how to slice and dice their 3% of small cap value - and it's not likely either of those things will matter a hill of beans to the f...
by lawman3966
Wed Aug 06, 2014 10:42 am
Forum: Investing - Help with Personal Investments
Topic: How to give advice when you don't know much.
Replies: 33
Views: 1552

Re: How to give advice when you don't know much.

The pressure to buy within a limited time frame is nearly always a surefire sign of bad intentions on the part of the salesperson. The only real "rush" present here is for the salesman to get a commission before her client gets wise to the scam, and wisely decides not to fall for it. This ...
by lawman3966
Mon Aug 04, 2014 5:40 pm
Forum: Investing - Theory, News & General
Topic: Why would anyone buy a deferred income annuity?
Replies: 59
Views: 5382

Re: Why would anyone buy a deferred income annuity?

Browser For many deferred annuities make much more sense than immediate--why buy longevity insurance for the period it's not needed? Only need it if live longer than expected. Larry The question isn't why longevity insurance, in theory, makes sense. The issue is whether there the actual product rea...
by lawman3966
Mon Aug 04, 2014 12:16 am
Forum: Investing - Theory, News & General
Topic: Suze Orman - Doesn't Like Target Date Funds
Replies: 26
Views: 4900

Re: Suze Orman - Doesn't Like Target Date Funds

Totally Surprised. In my opinion she is an entertainer. Are serious individual investors watching and listening to her? Just asking. Thanks for reading. Your comment remind me of Adlai stevenson's famous remark in response to someone saying that a speech of his would win the votes of all thinking A...
by lawman3966
Fri Aug 01, 2014 8:52 am
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 4972

Re: ? Best simple reference to dissuade a day trader

Your post stole my thunder. About a year ago, a friend of mine lost a job that will now be very difficult to replace. (He's about 50 now, which doesn't help). He also day trades, using programs that show fancy colorful charts showing what he should or shouldn't bet on. He recently told me that the &...

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