Search found 8091 matches

by letsgobobby
Sat Aug 01, 2015 7:05 pm
Forum: Personal Consumer Issues
Topic: Major home renovation your thoughts
Replies: 32
Views: 2759

Re: Major home renovation your thoughts

We toured several homes today, in the range of what this home would cost plus renovations (so $700k-$800k). We didn't like what we saw. The nicest of the homes was still on a postage stamp lot. My five year old would already find it too small to play catch it. Crazy. But we also toured this home aga...
by letsgobobby
Sat Aug 01, 2015 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Best use of early retirement (low income) years?
Replies: 15
Views: 1202

Re: Best use of early retirement (low income) years?

Bear in mind that the tax brackets are indexed for inflation. 20 years out the interest on those EE bonds should be a smaller fraction of the income at the top of the 15% bracket than it is now. I think TIPS held in the regular IRA would be a better deal for you than I-bonds. TIPS pay a better real...
by letsgobobby
Sat Aug 01, 2015 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Donating from retirement accounts?
Replies: 9
Views: 491

Re: Donating from retirement accounts?

tl;dr: Is there a way to donate from retirement accounts (in my case, traditional 401k and/or Roth IRA) without incurring early withdrawal penalties? Context: My wife and I are currently saving a large fraction of our income. Ballpark numbers: We spend around $40k per year, give or take. We're maxi...
by letsgobobby
Sat Aug 01, 2015 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Best use of early retirement (low income) years?
Replies: 15
Views: 1202

Re: Best use of early retirement (low income) years?

I am buying EE bonds for the 20 year double. I am not buying I bonds today, but will in November. dbr, we don't have a pension, but we will have social security. Not sure what the optimal strategy will be, but I plan to delaying until 70 to claim my benefit (I am the far higher earner). She will tak...
by letsgobobby
Sat Aug 01, 2015 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Best use of early retirement (low income) years?
Replies: 15
Views: 1202

Best use of early retirement (low income) years?

I feel like I've posted a similar question before but can't find it. How do you plan ahead to most effectively use a period of early retirement (lower income), considering several competing priorities? Specifically, I'm defining 'early retirement' as the period between the end of your usual working ...
by letsgobobby
Sat Aug 01, 2015 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Enough is enough
Replies: 4
Views: 1734

Re: Enough is enough

bump!
by letsgobobby
Sat Aug 01, 2015 9:44 am
Forum: Personal Consumer Issues
Topic: What's Your Monthly Food/Groceries Spending? My is through the roof?
Replies: 61
Views: 2573

Re: What's Your Monthly Food/Groceries Spending? My is through the roof?

$600 per month for four, but we eat out a fair amount. If we didn't eat out out groceries would be more. We spend less on food in America than most countries, as a percentage of our income. To get good quality food you have to spend a little more. And food is one of life's great pleasures, so we tr...
by letsgobobby
Sat Aug 01, 2015 8:59 am
Forum: Personal Consumer Issues
Topic: What's Your Monthly Food/Groceries Spending? My is through the roof?
Replies: 61
Views: 2573

Re: What's Your Monthly Food/Groceries Spending? My is through the roof?

During the summer, when the kids are away, we spend ~$175 on ground coffee and jugs of cold brew iced coffee per month. Farmers market is another $200 per month. Are we counting pet food? That's another $250 per month (4 pets with dietary issues). I haven't even gotten to the grocery store yet. We ...
by letsgobobby
Sat Aug 01, 2015 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Retiring in a few days
Replies: 26
Views: 2676

Re: Retiring in a few days

Was it worth the burnout? If you'd had the option of working less intensely but for 5 or 10 more years would that have been better? What are you doing for health care? I have found a groove again at work... and after ten years of practice I eased up a bit the last two years and that may be helping. ...
by letsgobobby
Sat Aug 01, 2015 8:08 am
Forum: Personal Consumer Issues
Topic: What's Your Monthly Food/Groceries Spending? My is through the roof?
Replies: 61
Views: 2573

Re: What's Your Monthly Food/Groceries Spending? My is through the roof?

$600 per month for four, but we eat out a fair amount. If we didn't eat out out groceries would be more. We spend less on food in America than most countries, as a percentage of our income. To get good quality food you have to spend a little more. And food is one of life's great pleasures, so we try...
by letsgobobby
Fri Jul 31, 2015 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC to buy cabin
Replies: 20
Views: 1191

Re: HELOC to buy cabin

Owe:
car debt
family debt
school debt

Savings:
one month of income

Retirement:
4%

And you want to buy a second home.

I'm going to have nix that idea...
by letsgobobby
Fri Jul 31, 2015 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: gift for children 1 1/2 years old and 3 years old
Replies: 10
Views: 549

Re: gift for children 1 1/2 years old and 3 years old

our kids are in Vanguard target date 2060 funds. That is a true set it and forget it fund. We will tax gain harvest as necessary to mitigate their ultimate tax bills.
by letsgobobby
Fri Jul 31, 2015 11:36 am
Forum: Investing - Theory, News & General
Topic: Saving for College vs. Saving for Retirement: Why the Conventional Wisdom Is Wrong
Replies: 31
Views: 2533

Re: Saving for College vs. Saving for Retirement: Why the Conventional Wisdom Is Wrong

The keeping up with the Jones's style of personal finance definitely prioritizes college over retirement. Other people can see what school your kid is attending. I have yet to see a bumper sticker on a car that celebrates where the driver's IRA or 401(k) is held. http://www.vanguardgear.com/shop/li...
by letsgobobby
Fri Jul 31, 2015 9:07 am
Forum: Investing - Theory, News & General
Topic: Saving for College vs. Saving for Retirement: Why the Conventional Wisdom Is Wrong
Replies: 31
Views: 2533

Re: Saving for College vs. Saving for Retirement: Why the Conventional Wisdom Is Wrong

The keeping up with the Jones's style of personal finance definitely prioritizes college over retirement. Other people can see what school your kid is attending. I have yet to see a bumper sticker on a car that celebrates where the driver's IRA or 401(k) is held. http://www.vanguardgear.com/shop/li...
by letsgobobby
Fri Jul 31, 2015 12:31 am
Forum: Personal Consumer Issues
Topic: look for car suggestions
Replies: 39
Views: 1926

Re: look for car suggestions

An unplowed snowy hill sounds like high clearance, snow tires, and awd/4wd. I wouldn't buy something like a tesla with this in mind. I'd look at a dodge durango, lexus, or land cruiser. Reliability is important to me so land rover, mercedes, and jeep grand cherokee scary. Ride comfort argues against...
by letsgobobby
Thu Jul 30, 2015 11:33 pm
Forum: Personal Consumer Issues
Topic: Getting Hawaiian shave ice on the East Coast
Replies: 21
Views: 1282

Re: Getting Hawaiian shave ice on the East Coast

The first thing we do whenever we get to Oahu is go to Waiola shave ice. Best ice and flavors. Have never had anything close on the mainland but also I don't look too hard. Some things are better in context.
by letsgobobby
Thu Jul 30, 2015 4:13 pm
Forum: Investing - Theory, News & General
Topic: Are equities really as risky as anyone thinks?
Replies: 209
Views: 8329

Re: Are equities really as risky as anyone thinks?

Stock returns are not a pure random sequence. There is a fundamental value which is quite stable and there will be reversion to the mean fundamental return. That's one popular theory, but it's not a certain one. The math is hard to dispute. If you have a stock yieldings earnings stream {E1, E2, E3,...
by letsgobobby
Thu Jul 30, 2015 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Tracking Portfolio - What's your XLS, Google Sheet, or whatever look like?
Replies: 25
Views: 1633

Re: Tracking Portfolio - What's your XLS, Google Sheet, or whatever look like?

Mine is similar but like backpacker, the two most important numbers are highlighted at the top, while less important numbers are hidden at the bottom or not on the sheet at all. The important numbers are: Stock/bond allocation International vs domestic stock allocation The less important numbers are...
by letsgobobby
Thu Jul 30, 2015 8:46 am
Forum: Personal Consumer Issues
Topic: Need car for 6 months a year. Best ideas?
Replies: 16
Views: 1254

Re: Need car for 6 months a year. Best ideas?

I was also going to suggest swapalease or similar.
by letsgobobby
Thu Jul 30, 2015 8:08 am
Forum: Investing - Theory, News & General
Topic: A look at gold and Peter Schiff's forecasts
Replies: 15
Views: 1838

Re: A look at gold and Peter Schiff's forecasts

Schiff is truly insufferable.
by letsgobobby
Wed Jul 29, 2015 10:54 pm
Forum: Personal Consumer Issues
Topic: Major home renovation your thoughts
Replies: 32
Views: 2759

Re: Major home renovation your thoughts

Sprinklers aren't as much as you might think. Advertised prices range from $1-$2 per sf in new construction, to $3-$4 per sf in remodels. So to irrigate a specific area (say, bedrooms, or kitchen plus fireplace area), would be a small price in the scheme of a major remodel. Irrigating the whole hous...
by letsgobobby
Wed Jul 29, 2015 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: when the rubber hits the road [updated]
Replies: 33
Views: 2728

Re: when the rubber hits the road [updated]

Thanks for the update, and for your willingness to disclose so much. This is such an important topic. Lifetime incidence rates will explain why. By the time we are 85, if we are lucky enough to have reached 85, 40% of us will have dementia. For some that may seem light years away. But consider that ...
by letsgobobby
Wed Jul 29, 2015 8:36 pm
Forum: Investing - Theory, News & General
Topic: Are equities really as risky as anyone thinks?
Replies: 209
Views: 8329

Re: Are equities really as risky as anyone thinks?

Complete disclosure. These threads irritate me with their glibness and self confidence. But I guess we were all young and stupid once, we have an annoying habit as humans of primarily learning through experience, ie, the school of hard knocks. Objectively, I would reply that 1. Losing 50% in a back ...
by letsgobobby
Wed Jul 29, 2015 12:08 pm
Forum: Personal Consumer Issues
Topic: Major home renovation your thoughts
Replies: 32
Views: 2759

Re: Major home renovation your thoughts

earthquake: this home is not in a flood or tsunami zone. It is at very low risk for a landslide, it is in a once meadowy area. I like the idea of just bolting to a foundation. I don't know if it has a crawlspace or not. sprinkler: will do more research. Bit idiosyncratic of an idea of mine, I know. ...
by letsgobobby
Tue Jul 28, 2015 9:55 am
Forum: Personal Consumer Issues
Topic: Major home renovation your thoughts
Replies: 32
Views: 2759

Re: Major home renovation your thoughts

I don't know much about them except they are effective in limiting fat tail risk from a fire, and that we looked at a home owned by a firefighter and he had installed them. Most home fires are in the kitchen so at least having one there seems worth considering.
by letsgobobby
Tue Jul 28, 2015 6:31 am
Forum: Personal Consumer Issues
Topic: Major home renovation your thoughts
Replies: 32
Views: 2759

Re: Major home renovation your thoughts

Thank you for the feedback. We can do sawed off broom handles in the windows, the bars always represented a known compromise in aesthetics and fire safety. The single level home is important for health/mobility/aging in place considerations.
by letsgobobby
Tue Jul 28, 2015 2:13 am
Forum: Personal Consumer Issues
Topic: Major home renovation your thoughts
Replies: 32
Views: 2759

Major home renovation your thoughts

We've been looking for about two years, looking very hard for a home with a large lot but in the city, right schools, yada yada, this looks like it. Home is 4000 sf, mostly single level, built in 1972 with major upgrades and add on in 1997. 1 acre. Portland suburbs, Washington state. Bottom line is ...
by letsgobobby
Mon Jul 27, 2015 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: How long until a $10,000 loss matters?
Replies: 39
Views: 3321

Re: How long until a $10,000 loss matters?

How long.... Since July 20th Probably a little longer than 7 days! Come on now. Were you bored and just felt like posting? :wink: I think livesoft overshot a little there, but you have talked about a $1 million portfolio. Ten thousand really concerns you??? Maybe stop watching the portfolio on a da...
by letsgobobby
Mon Jul 27, 2015 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard question. What to do with 80,000k in cash
Replies: 11
Views: 1433

Re: Vanguard question. What to do with 80,000k in cash

You say you save 10% of your monthly income or $1600 in a 401k. That implies a monthly income of $16,000. But elsewhere you say you have a monthly income of $6000 after taxes, of which you need $2500-3000 for expenses. Can you clarify?
by letsgobobby
Sun Jul 26, 2015 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Recent windfall - Currently 95% of assets in single stock - Tax and asset allocation advice appreciated
Replies: 79
Views: 5167

Re: Recent windfall - Currently 95% of assets in single stock - Tax and asset allocation advice appreciated

I would pay off all loans, including the student loans and the car and the mortgage. Rapidly figure out what your annual expenses are going to be. You're a student; will your income rise soon? Were you planning to increase your savings rate after graduation? Large windfalls like this can slip throug...
by letsgobobby
Sat Jul 25, 2015 2:43 pm
Forum: Investing - Theory, News & General
Topic: Mortgage as a reverse-bond technique
Replies: 36
Views: 1634

Re: Mortgage as a reverse-bond technique

I think you have way over thought this in an effort to justify a higher stock allocation. Just say, I don't plan to own any bonds until interest rates are higher. In the meantime, I will be prepaying my mortgage to get some modicum of guaranteed return. My home equity will have a low rate of return ...
by letsgobobby
Fri Jul 24, 2015 11:56 pm
Forum: Investing - Theory, News & General
Topic: [Original Research] The Failure of PE Market Timing Models
Replies: 43
Views: 3081

Re: [Original Research] The Failure of PE Market Timing Models

Can you give me your allocation then? Because I haven't seen a winning tactical allocation yet. People talk about how they use valuations to "time the market" but my series of experiments failed. The only "winners" I have seen tend to cook the data and come up with too many infl...
by letsgobobby
Fri Jul 24, 2015 9:45 am
Forum: Personal Finance (Not Investing)
Topic: estate planning when giving most to charity
Replies: 12
Views: 970

Re: estate planning when giving most to charity

Seems you could save a lot of trouble and money by just opening and funding a donor advised fund now. Then on death leave everything to the DAF. Then have the successor owner, say the lawyer, distribute according to your instructions.
by letsgobobby
Thu Jul 23, 2015 1:04 pm
Forum: Personal Consumer Issues
Topic: Is there a service that will email you with each credit card purchase?
Replies: 34
Views: 2065

Re: Is there a service that will email you with each credit card purchase?

so do folks who use this service stop getting credit card receipts, then? That would be a huge paper savings and would be far easier to reconcile each charge on each statement.
by letsgobobby
Thu Jul 23, 2015 8:35 am
Forum: Investing - Theory, News & General
Topic: [Original Research] The Failure of PE Market Timing Models
Replies: 43
Views: 3081

Re: [Original Research] The Failure of PE Market Timing Models

^^^ Well, you may know that but I have no idea what you just said. I still don't understand the rebalancing. A common PE10 timing strategy would be to be 60/40 unless PE10 were over 25, in which case allocation would go to 40/60, or under 12 in which case allocation would go to 80/20. That is a very...
by letsgobobby
Thu Jul 23, 2015 2:56 am
Forum: Investing - Help with Personal Investments
Topic: Balance between saving in taxable account and retirement account? (mega backdoor version)
Replies: 13
Views: 1532

Re: Balance between saving in taxable account and retirement account? (mega backdoor version)

From what you've written I cannot gather the whole picture. For example you are in the 33% bracket suggesting a gross income of, say, $300,000, or $150,000 in the first half of the year. But you also say you don't need to spend much. How then did you spend $50,000 more than your $150,000 in only six...
by letsgobobby
Thu Jul 23, 2015 2:40 am
Forum: Investing - Theory, News & General
Topic: [Original Research] The Failure of PE Market Timing Models
Replies: 43
Views: 3081

Re: [Original Research] The Failure of PE Market Timing Models

Two concerns off the top of my head with your work.

1. I still don't know exactly what method you used for timing. What did you rebalance? How did you decide how much to rebalance?

2. Endpoints matter. How did these strategies compare in March 2009?
by letsgobobby
Thu Jul 23, 2015 1:01 am
Forum: Personal Finance (Not Investing)
Topic: Parent caught up in forex (vietnamese dong) scam... What should I do?
Replies: 44
Views: 5363

Re: Parent caught up in forex (vietnamese dong) scam... What should I do?

I wouldn't let a loved one meet these crooks face to face. Unless I had law enforcement watching my back.
by letsgobobby
Mon Jul 20, 2015 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: When an HDHP and HSA are a no-brainer
Replies: 0
Views: 268

When an HDHP and HSA are a no-brainer

Last year I deliberated taking the HDHP option or the traditional PPO option. I ended up with the HDHP. As it turns out to have been the right choice but for an unexpected reason. I was prescribed a very expensive medicine, approximately $2500 per month. However, the manufacturer of this medicine pr...
by letsgobobby
Mon Jul 20, 2015 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for 23 year old aggressive investor
Replies: 19
Views: 1577

Re: Investing for 23 year old aggressive investor

Welcome to the forum :) . Do you have any other investments? Why do you say that you consider yourself an aggressive investor? What is your marginal tax bracket? Do you have any debt? If so, types, amounts, and interest rates? . . . . . In the 401k use: Vanguard Institutional Index I (a S&P 500...
by letsgobobby
Mon Jul 20, 2015 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for 23 year old aggressive investor
Replies: 19
Views: 1577

Re: Investing for 23 year old aggressive investor

Welcome to the forum.

Can you describe why you consider yourself an aggressive investor?
by letsgobobby
Mon Jul 20, 2015 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Considering Life Insurance Overfund as Short-Term Investment
Replies: 18
Views: 1448

Re: Considering Life Insurance Overfund as Short-Term Investment

Why don't you just send them $16,000 on February 28, then withdraw it on March 2, then repeat annually?

:D
by letsgobobby
Mon Jul 20, 2015 1:18 am
Forum: Investing - Theory, News & General
Topic: SoFi.com - thoughts
Replies: 32
Views: 5864

Re: SoFi.com - thoughts

I didn't end up investing with SoFi. However, they are planning to go public late this year.

http://ww2.cfo.com/social-media/2015/03 ... valuation/
by letsgobobby
Sun Jul 19, 2015 9:53 am
Forum: Investing - Help with Personal Investments
Topic: How do you allocate assets in an HSA (if you don't know when you'll need the money)
Replies: 20
Views: 982

Re: How do you allocate assets in an HSA (if you don't know when you'll need the money)

Mine is 100% VSS but it is a long term retirement account, not a sinking fund for health care expenses. We pay for health care out of pocket.
by letsgobobby
Sun Jul 19, 2015 9:39 am
Forum: Personal Finance (Not Investing)
Topic: losing money on a house....how do Bogleheads deal with it emotionally?
Replies: 76
Views: 6036

Re: losing money on a house....how do Bogleheads deal with it emotionally?

Housing is my blind spot and I have shown no ability to invest in it well. Condo 1 I bought for $42k and sold 4 years later for $55k. Four years after that it was worth $120k+. I console myself by thinking of the small gain I did have, not the large gain I didn't have, and by reminding myself that I...
by letsgobobby
Sun Jul 19, 2015 8:48 am
Forum: Investing - Help with Personal Investments
Topic: How to invest the proceeds of a house sale
Replies: 3
Views: 510

Re: How to invest the proceeds of a house sale

I would think excellent Medicaid planning is in order here.
by letsgobobby
Sat Jul 18, 2015 3:41 pm
Forum: Personal Consumer Issues
Topic: Tipping at pay-first restaurants: what would you do?
Replies: 35
Views: 3299

Re: Tipping at pay-first restaurants: what would you do?

I almost never tip before eating. Afterward I might leave a dollar, but until tipping at McDonalds is expected, I won't be routinely tipping before a meal where I provide all of the wait service or at most someone buses my table.
by letsgobobby
Sat Jul 18, 2015 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Concierge Care
Replies: 36
Views: 3390

Re: Concierge Care

Sawhorse said "(I realize there are low paying specialties such as psychiatry in which case the comment about pay would not apply.)" Perhaps in your area. This source suggests they are among the best paid. http://www.doctor-salaries.com/physician-salary/psychiatrist-salary/ "Psychiat...
by letsgobobby
Fri Jul 17, 2015 9:53 pm
Forum: Investing - Theory, News & General
Topic: Wade Pfau on Asset Allocation Using PE10
Replies: 83
Views: 6025

Re: Wade Pfau on Asset Allocation Using PE10

Leeraar wrote:
As I said in another thread, if PE10 is high, expected returns are low. So, save more. Changing your AA is an inappropriate response.

L.

Why is it inappropriate?

If expected returns are lower, are risks higher? If inherent risks are higher, shouldn't I take less risk in my investments?
by letsgobobby
Fri Jul 17, 2015 12:38 am
Forum: Personal Consumer Issues
Topic: Recommended World War I book
Replies: 43
Views: 3100

Re: Recommended World War I book

Either the NY Times or the Wall Street Journal just reviewed a new book which comprised stories of various everymen on all sides of the conflict but I cannot find the article or remember the name. If anyone recalls it I'd be obliged. I've enjoyed several books by John Keegan and Barbara Tuchman's G...

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