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Re: Safe Withdrawal Rates - Is the 4% rule still good?

The dilemma is for those who might feel they are seriously missing out because of some cock-eyed mathematical model they feel they have to follow. If you are withdrawing 3% and everything is copacetic, there is no dilemma. If your are withdrawing 4% without fear or at least an acceptable Plan B, th...
by midareff
Thu Nov 27, 2014 10:23 am
 
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rates - Is the 4% rule still good?
Replies: 67
Views: 5006

Re: Safe Withdrawal Rates - Is the 4% rule still good?

+1 on the nicely written. I'm 2.5 years retired and I guess I'm more of a ceiling and floor kind of guy, although heavily influenced by Otar. Can't imagine waking up and going it's year 27 so 12.6% of my remaining money is to be withdrawn from my portfolio this year. After all, in year 27 it's past...
by midareff
Thu Nov 27, 2014 8:49 am
 
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rates - Is the 4% rule still good?
Replies: 67
Views: 5006

Re: Opinions Please - REIT's vs. EM

Interesting points of view... thanks to all.
by midareff
Thu Nov 27, 2014 8:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Opinions Please - REIT's vs. EM
Replies: 19
Views: 1291

Re: Opinions Please - REIT's vs. EM

Midareff: Many studies have found that market timing does not work. The Boglehead philosophy is to design a personal asset-allocation plan--then stay the course. Best wishes. Taylor Thanks Taylor... think of it more like rebalancing to a lower performing asset from a higher performing one, than mar...
by midareff
Wed Nov 26, 2014 5:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opinions Please - REIT's vs. EM
Replies: 19
Views: 1291

Opinions Please - REIT's vs. EM

By way of background I'm 67 next month, 2.5 years retired in drawdown. Have a cola'd pension and SS. Portfolio is one third of our income which has plenty of room for toys, vacations, etc. REIT's and Healthcare are in my IRA, TSM, TISM, SV and VSS are in taxable. Everything is in equal slices of 7.5...
by midareff
Wed Nov 26, 2014 5:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opinions Please - REIT's vs. EM
Replies: 19
Views: 1291

Re: Safe Withdrawal Rates - Is the 4% rule still good?

Personally, I'm not a fan of VPW since a few years of fixed amount high withdrawals and a spiking inflation rate with a declining market will have you eating Alpo under the bridge. midareff, Are you talking about the Bogleheads Wiki's Variable percentage withdrawal ? If yes, what parameters did you...
by midareff
Wed Nov 26, 2014 12:50 pm
 
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rates - Is the 4% rule still good?
Replies: 67
Views: 5006

Re: Fixing Social Security Earnings Mistake Advice

TheGreyingDuke wrote:Call your local SS office and make an appointment, this is best handled face to face without the traps of mail.



+1 and bring the W2 with you.
by midareff
Wed Nov 26, 2014 12:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fixing Social Security Earnings Mistake Advice
Replies: 11
Views: 1247

Re: Need for Int'l Investing

I have read and reread many of the investment books often referenced on this site over the years, including those by Bernstein, Bogle, Ferri, Larimore, Lindauer, Leboeuf, Malkiel, Schultheis, Swedroe, et al. As investors in our late 70s I still seem to We have COLA’ed pensions (SS and military), an...
by midareff
Wed Nov 26, 2014 11:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Need for Int'l Investing
Replies: 12
Views: 1040

Re: Girlfriend with a LOT of Student debt.

From what you've described, I'm willing to bet she's on either Public Service Loan Forgiveness or some other loan forgiveness program. If so, this debt is very manageable--just think of it as a tax on your joint income. Down the road, you might want to postpone an official marriage until the loans ...
by midareff
Wed Nov 26, 2014 11:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 166
Views: 13123

Re: Why should I avoid REITs?

Aw, I see Taylor Larimore beat me to it... but I'm not going to waste a perfectly good posting. First of all, REITs are stocks and you are not "avoiding" them if you use the Vanguard Total Stock Market Index Fund. The question is "why shouldn't I overweight REITs?" Reason #1: He...
by midareff
Wed Nov 26, 2014 10:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Why should I avoid REITs?
Replies: 41
Views: 3574

Re: Rising Interest Rates And Bond Funds?

The rule of thumb is multiply the rise in interest rate X the funds duration to determine the drop (in %) of the NAV. This won't be finger snap instantaneous but should happen rather quickly. Example Bond Fund has a 5 year duration and yields 3.0% interest rates are raised 1.0%. NAV drops 1.0 X 5 or...
by midareff
Wed Nov 26, 2014 9:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Rising Interest Rates And Bond Funds?
Replies: 9
Views: 1036

Re: Safe Withdrawal Rates - Is the 4% rule still good?

I did read the Article ! - Nicely written ! FD - Have you looked at VPW ? - A safer Withdrawal Rate, that probably lets you spend more money. Fixed Percent WRs are soooo yesterday. :happy +1 on the nicely written. I'm 2.5 years retired and I guess I'm more of a ceiling and floor kind of guy, althou...
by midareff
Tue Nov 25, 2014 7:45 pm
 
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rates - Is the 4% rule still good?
Replies: 67
Views: 5006

Re: changing jobs after a decade - risky or exhilirating

There are times when warm and cozy is far superior to having you butt out in the cold breeze where it can be bitten or frozen.
by midareff
Tue Nov 25, 2014 5:21 pm
 
Forum: Personal Consumer Issues
Topic: changing jobs after a decade - risky or exhilirating
Replies: 5
Views: 741

Re: Discover Card - New Deal

That is fantastic! The Discover is not my main credit card and is only used for purchases that I'll get 5% back on. So I sometimes find myself having small amounts of cash sitting there for the quarters when I'm not using the card. +1 Had $8.02 sitting there for at least a year. Have a couple of 5%...
by midareff
Tue Nov 25, 2014 11:16 am
 
Forum: Personal Consumer Issues
Topic: Discover Card - New Deal
Replies: 13
Views: 1772

Re: Discover Card - New Deal

pennstater2005 wrote:The cash rewards for any amount, is that a permanent change or just for the holidays?



They said permanent but I'm sure that means as long as they keep the policy. There is no stated expiration date.
by midareff
Tue Nov 25, 2014 11:15 am
 
Forum: Personal Consumer Issues
Topic: Discover Card - New Deal
Replies: 13
Views: 1772

Discover Card - New Deal

Besides the offer of 5% online (to $1500) for the holidaze they have revised their policy to allow cash rewards in ANY amount, not even a $25 minimum, to be redeemed as a statement credit or transfer to a linked bank account. No more 8 or 10 or 12 dollar balances sitting around. Great policy change ...
by midareff
Tue Nov 25, 2014 10:17 am
 
Forum: Personal Consumer Issues
Topic: Discover Card - New Deal
Replies: 13
Views: 1772

Re: Update on the ascent of CAPE

Hasn't Larry provided a monologue indicating the current is about 4 points too high based on accounting changes, et.al.?

Not that 23.15 would provide any great comfort......
by midareff
Mon Nov 24, 2014 12:39 pm
 
Forum: Investing - Theory, News & General
Topic: Update on the ascent of CAPE
Replies: 19
Views: 1464

Re: Girlfriend with a LOT of Student debt.

I agree that this is a discussion you need to have sooner rather than later. While it sounds kind of cold to focus on finances, it will impact your entire future so you need to have a talk. She may not realize how much trouble she is in or she may just be choosing to ignore the bad news. You need t...
by midareff
Mon Nov 24, 2014 12:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 166
Views: 13123

Re: Trading in a car - worth it to fix cosmetic issues?

Why don't you take it to CarMax or other national outfit and have it appraised for purchase. They offer higher $ than a dealer trade and should give you a better idea of value. They don't charge for this. You can use that price offer as leverage in your negotiation.
by midareff
Mon Nov 24, 2014 10:54 am
 
Forum: Personal Consumer Issues
Topic: Trading in a car - worth it to fix cosmetic issues?
Replies: 8
Views: 984

Re: Queston About Allocation of Assets

Your asset allocation will change over time based on market and new contributions. So, how much do you plan on contributing to your accounts each year? What other options do you have in the 401k? My 401k is with Fidelity and I have a few decent bond options. I plan on investing around $30,000 a yea...
by midareff
Mon Nov 24, 2014 10:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Queston About Allocation of Assets
Replies: 10
Views: 972

Re: bond fund yield variation and the case for long-term fun

Why not just buy a treasury of a desired duration? 100% predictable cash flow. The problem is the inflation rate. The 10 year was paying (CNBC, my comedy channel) 2.33% this AM, and that's taxable income. The rolling 12 month CPI-U is 1.68%, inclusive of October numbers. If your tax rate is 28% tha...
by midareff
Mon Nov 24, 2014 10:21 am
 
Forum: Investing - Theory, News & General
Topic: bond fund yield variation and the case for long-term fund
Replies: 18
Views: 1352

Re: How to Plan for an Unknown Future

"As of 2034, folks can count on 75% of their benefits accrued to be paid out. What does that mean to you? You have gone online to ssa.gov to see estimates of your benefit right? " from Grt2bOutdoors for me.. at age 67, I doubt I'll know the difference in 20 years, for the younger crowd, if...
by midareff
Mon Nov 24, 2014 10:05 am
 
Forum: Investing - Theory, News & General
Topic: How to Plan for an Unknown Future
Replies: 23
Views: 1850

Re: Bogleheads, anyone doing "Black Friday"

Looking for a deal on a new camera I would like to add but it will be online or will be after xmas. No rush.
by midareff
Mon Nov 24, 2014 9:36 am
 
Forum: Personal Consumer Issues
Topic: Bogleheads, any "Black Friday" [recommendations]
Replies: 59
Views: 4795

Re: Car "concierge" service

MB does at home or office with a mobile service truck.
by midareff
Mon Nov 24, 2014 9:34 am
 
Forum: Personal Consumer Issues
Topic: Car "concierge" service
Replies: 15
Views: 1230

Re: What would be the investing strategy for a coming crash?

Continue with an asset allocation that meets your need, willingness and ability to take risk and rebalance as required by your IP.
by midareff
Mon Nov 24, 2014 9:32 am
 
Forum: Investing - Theory, News & General
Topic: What would be the investing strategy for a coming crash?
Replies: 81
Views: 6648

Re: What percent "Boglehead" are you?

97% ... LOL..... 3% is play money in a Roth
by midareff
Sun Nov 23, 2014 1:33 pm
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 119
Views: 6257

Re: Retirement around the corner, seeking advice on getting

Emergency funds: yes Age: 62 Desired Asset allocation: 60% stocks / 40% bonds & cash Desired International allocation: ?? % of stocks (least amount reasonable) 20 to 30% of equity is frequently floated but some go as high as 50% and some go less or none. There is no right answer to this. Most c...
by midareff
Sun Nov 23, 2014 12:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement around the corner, seeking advice on getting hous
Replies: 21
Views: 1902

Re: Apple Stock - Seems great, right?

"because the world has proven that from 2007-into the 2010s " ... and that is the problem. 8 track tapes were a sure thing, so were cassettes. OMG, the horse and buggy was a sure thing before the automobile. Life is littered with things that were a sure thing when you are looking in the re...
by midareff
Sun Nov 23, 2014 11:02 am
 
Forum: Investing - Theory, News & General
Topic: Apple Stock - Seems great, right?
Replies: 116
Views: 10922

Re: Dominican Republic: Punta Cana

Spend a five days about 8 years ago. Had a small free standing hut with a/c and all the amenities right on the sand with a short walk to the dining facilities. It was all inclusive, was nice if a bit isolated.
by midareff
Sun Nov 23, 2014 10:49 am
 
Forum: Personal Consumer Issues
Topic: Dominican Republic: Punta Cana
Replies: 6
Views: 788

Re: Social Security 62 vs 66

and then again let's assume Jack turned 62 in 2009 although it could be 2010 or seemingly 2011 for that matter. He made this decision since he did not want to use up his liquidity and left his equity money invested in TSM. Jack has since more than doubled the money he did not use in those four years...
by midareff
Sun Nov 23, 2014 10:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Social Security 62 vs 66
Replies: 58
Views: 4999

Re: Diversification among Bonds?

As Taylor Larimore is fond of saying, "there are many roads to Dublin". You have a good grasp of the bond investment universe. However, most investors would probably not really benefit from owning municipal bonds unless the munis were held in the investor's taxable account and the investo...
by midareff
Sat Nov 22, 2014 9:37 am
 
Forum: Investing - Theory, News & General
Topic: Diversification among Bonds?
Replies: 32
Views: 2881

Re: Rick Ferri 60/40 portfolio

My guess is that you read an older copy of his Asset Allocation book. Back then EAFE and were separate funds for instance. Now days, Vanguard and others have combined things to make things much simpler. So for instance, a nearly identical portfolio today on the equity side might simply be: 30% VTSA...
by midareff
Fri Nov 21, 2014 10:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Rick Ferri 60/40 portfolio
Replies: 18
Views: 4302

Re: smartphone over wifi - still possible?

My latest AT&T contract ends this month, and I'd like to switch from a dumb phone with no data to a smartphone, but I don't want to pay for data. I have heard that it was once possible to use a smartphone with wifi, to surf the net and check email, but then thought I saw that the carriers were ...
by midareff
Fri Nov 21, 2014 10:28 am
 
Forum: Personal Consumer Issues
Topic: smartphone over wifi - still possible?
Replies: 31
Views: 2395

Re: What doyou splurge on?

rob wrote:Photography & Travel


+1 and add home audio and video.
by midareff
Fri Nov 21, 2014 9:08 am
 
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 150
Views: 9397

Re: What financial tools/software do you use?

Occasion pen and paper. Excel for 99% and the Fido retirement planner maybe once a year.
by midareff
Thu Nov 20, 2014 12:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: What financial tools/software do you use?
Replies: 35
Views: 2233

Re: Outperforming the Indexes

How about writing some software to tell us which of these will outperform in ADVANCE.. :-)
by midareff
Thu Nov 20, 2014 8:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Outperforming the Indexes
Replies: 13
Views: 1900

Re: Selecting Charities for Donation

Operation Smile..... we donate in place of birthday gifts to each other.
by midareff
Thu Nov 20, 2014 7:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Selecting Charities for Donation
Replies: 55
Views: 3330

Re: Another bond fund question do I need short term in my 40

"We are 47/49 years old and don't plan on using out retirement funds for 15 years and then as typical the retirement could last 30 years (+\-) so to me that seems like retirement money is long term and not sure I see what the benefit of short term bonds are, unless it has something to do with b...
by midareff
Wed Nov 19, 2014 5:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Another bond fund question do I need short term in my 401k?
Replies: 7
Views: 477

Re: Cost to furnish a condo

and that 84" 4K Sony TV was how much? Crate and Barrel or vintage Scandinavian Teak and Italian leather?
by midareff
Wed Nov 19, 2014 4:55 pm
 
Forum: Personal Consumer Issues
Topic: Cost to furnish a condo
Replies: 29
Views: 2668

Re: 10 Reasons why Merriman dislikes Total Stock Mkt

Remember, Jack set up Vanguard with the investors as the owners. And he freely advises investors to own the market and hold forever vs trying to outsmart the market, as with DFA and tilting. And, following Jack's advice vs a DFA advisor's (which Paul recommended at the end of his broadcast), there ...
by midareff
Wed Nov 19, 2014 4:47 pm
 
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 88
Views: 8228

Re: I may not make my retirement goals! What to do?

IMHO the Fidelity calculator is the most detailed and best by far. Again, without knowing the other 73% I would have to float the concept you are too light on equities at this point in retirement. Why don't you retry the Fidelity calculator at 35%, 40%, 45% and 50% and print the results so you can ...
by midareff
Wed Nov 19, 2014 4:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: I may not make my retirement goals! What to do?
Replies: 49
Views: 3378

Re: Custom House in Florida

You might want to give additional consideration to heating ability in central Florida ... it can get quite chilly and downright cold many winter nights. As another posted advised....... glass exposure placement will be extremely important. Lot's of west facing glass in Florida will be extremely cost...
by midareff
Wed Nov 19, 2014 10:02 am
 
Forum: Personal Consumer Issues
Topic: Custom House in Florida
Replies: 11
Views: 1928

Re: Poll: Net cost of your checking account annually?

Ally checking and MM (can write checks against it) provide in the $200 + range annually. FDIC insured and my first line of "what if" money, a year's retired portfolio draw.
by midareff
Wed Nov 19, 2014 9:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Net cost of your checking account annually?
Replies: 44
Views: 2263

Re: Jack Bogle: expect 7% annualized for the foreseeable fut

Play football... take what the market gives you and don't chase return in equities or FI. If you want to slice and dice with a bit of SCV, REITS or such fine, but remember the old adage: Bulls will make money, bears will make money... it is the destiny of a pig to go to slaughter. Personally I'll ta...
by midareff
Wed Nov 19, 2014 9:48 am
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle: expect 7% annualized for the foreseeable future
Replies: 42
Views: 6070

Re: I may not make my retirement goals! What to do?

Was looking around how these artificially low rates are particularly hard on retirees who desire to have low risk but rely on return from bonds to live. http://www.businessweek.com/articles/2012-12-20/interest-rates-near-zero-put-savers-in-a-bind .... just wait until interest rates start climbing t...
by midareff
Wed Nov 19, 2014 9:38 am
 
Forum: Investing - Help with Personal Investments
Topic: I may not make my retirement goals! What to do?
Replies: 49
Views: 3378

Re: I may not make my retirement goals! What to do?

I am 66 and retired. Using the different forecasting tools, Fidelity's, Firecalc, Otar's, etc., they indicate that I am borderline in meeting my goals in retirement although my current annual expenditures to total liquid assets ratio is 3.6 (surprise!!). It appears that the issue revolves around my...
by midareff
Wed Nov 19, 2014 9:35 am
 
Forum: Investing - Help with Personal Investments
Topic: I may not make my retirement goals! What to do?
Replies: 49
Views: 3378

Re: Investment Critique, unclear long term goals

#1.... "even though I love the company so much". Love and investing are from different planets, investing isn't emotional other than the love you will eventually have for retirement. "After that, unclear of what I am going to do with the proceeds." The factor having the greatest ...
by midareff
Mon Nov 17, 2014 11:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Investment Critique, unclear long term goals
Replies: 4
Views: 566

Re: How often do you go out to dinner?

I indicated 3 but it's probably more a good bit more often than that if you count breakfasts and lunches. We are retired and it's not a budget or $$ constraint. The rest 9of the time my wife (Thai) loves to cook and we have a seafood and veggie heavy home diet.
by midareff
Mon Nov 17, 2014 11:18 am
 
Forum: Personal Consumer Issues
Topic: How often do you go out to dinner?
Replies: 60
Views: 4578

Re: Deciding When to Retire

"If I had the type of job where I could go part-time or really take the extensive leave that I have, I would not be thinking about retiring now. One of my issues is that I'm tired of vacations where I spend hours on my cell phone dealing with work crises. My employer might agree to me going par...
by midareff
Mon Nov 17, 2014 11:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Deciding When to Retire
Replies: 47
Views: 4992
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