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by sschullo
Tue May 26, 2015 7:45 pm
Forum: Investing - Theory, News & General
Topic: Supreme Court rules in favor of 401k participants who object to high fees
Replies: 31
Views: 3182

Re: Supreme Court rules in favor of 401k participants who object to high fees

Dan Solin published a piece today: http://www.huffingtonpost.com/dan-solin/the-supreme-court-decisio_b_7341772.html This case is such a "game changer" I am hoping it will spill over to the 403(b) world with k-12 school districts. And the LA Times once again published a featured editorial f...
by sschullo
Mon May 25, 2015 8:30 pm
Forum: Personal Consumer Issues
Topic: Do-it-yourself handy person: How did you learn?
Replies: 29
Views: 2681

Re: Do-it-yourself handy person: How did you learn?

Grew up on a farm where I learned lots of stuff: veggie gardening, operating dangerous farm machinery safely, roofing, fixing fences, chopping wood, maintaining machinery, repairing buildings, milking cows, taking care of livestock, fixing engines and machinery with my father, and other house chores...
by sschullo
Mon May 25, 2015 2:53 pm
Forum: Investing - Theory, News & General
Topic: "Does Your Fund Manager Consistently Beat the Stock Market?"
Replies: 42
Views: 3293

Re: "Does Your Fund Manager Consistently Beat the Stock Market?"

Many articles from M* reflect an active management philosophy. This old article is a bit unusual as it attempts to have it both ways, using the usual data that all of us agree while pointing out that the "extreme indexes" ruin it for the passive strategy. The author never "outed"...
by sschullo
Sun May 24, 2015 8:00 pm
Forum: Investing - Theory, News & General
Topic: Let's hear your Dave Ramsey success stories
Replies: 78
Views: 11446

Re: Let's hear your Dave Ramsey success stories

Yeah, I got a story too. Don't we all. I have nothing against Ramsey. I never listened to him only found out about him from prior discussions here. By hook or by crook my husband (life partner) and I on lower paying education salaries managed two properties in one of the highest property value state...
by sschullo
Sun May 24, 2015 6:34 am
Forum: Investing - Help with Personal Investments
Topic: need some clarification, just read "Bogleheads guide to investing"
Replies: 10
Views: 1253

Re: need some clarification, just read "Bogleheads guide to investing"

When I was in my 50s I found this graph over a decade ago that answered by AA question and took an approximately 30-35/65-70 stock/bond split. Its one of the most important AA decisions that you will make. This AA saved me threw the disastrous 2008 crash and has grown since then, assuming that your ...
by sschullo
Sat May 23, 2015 4:59 pm
Forum: Investing - Theory, News & General
Topic: Bill Gross Thinks the End Is Near
Replies: 54
Views: 6822

Re: Bill Gross Thinks the End Is Near

Turning it on its head though .. does anyone think medium-to-high returns from stocks and bonds are realistic over the next 15-20 years? Plus right now markets are reacting more to stimulus than to fundamentals (to the point strong fundamentals often send international markets down, and vice versa)...
by sschullo
Sat May 23, 2015 12:06 pm
Forum: Investing - Theory, News & General
Topic: Bill Gross Thinks the End Is Near
Replies: 54
Views: 6822

Re: Bill Gross Thinks the End Is Near

Don't we love Bill?
How about Cramer?
Roubini?
Wizard of OZ?
Obi-Wan Kenobi?

ALL NOISE!
by sschullo
Sat May 23, 2015 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: How much is enough diversification?
Replies: 10
Views: 1222

Re: How much is enough diversification?

Great ER at .20%. No domestic mid-caps?
by sschullo
Sat May 23, 2015 11:09 am
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 118
Views: 8813

Re: What's so great about simplicity?

Wonderful discussion. One of my favorite words related to simplicity is the ability to have common sense. Most people hate it for obvious reasons. Nobody wants to be common, they want sophistication, complexity and in the financial world want to be "above average." Another smart man beside...
by sschullo
Tue May 19, 2015 12:29 pm
Forum: Investing - Theory, News & General
Topic: Supreme Court rules in favor of 401k participants who object to high fees
Replies: 31
Views: 3182

Re: Supreme Court rules in favor of 401k participants who object to high fees

Very proud to say that my late husband provided expert analysis used by the plaintiffs in this case (as well as other related class action cases.) He worked on these issues for many years and discussed a great deal of the analysis with me. I was kind of his sounding board for analytical techniques ...
by sschullo
Tue May 19, 2015 9:58 am
Forum: Investing - Theory, News & General
Topic: Supreme Court rules in favor of 401k participants who object to high fees
Replies: 31
Views: 3182

Re: Supreme Court rules in favor of 401k participants who object to high fees

This case reached the front page of the LA Times! This type of coverage is rare in California. Sure its about Edison, which happens to be my power provider, but still, public discussion about fees and conflicts of interest with all tax deferred retirement plans are rare: http://www.latimes.com/inclu...
by sschullo
Sat May 16, 2015 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 169
Views: 11032

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

When I get it at 70, it will be about 10% of my fixed income.
by sschullo
Sat May 16, 2015 10:22 am
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 682
Views: 88896

Re: Tesla S

Cool. What Lexus did you have and how do you compare the ride, finish, and other characteristics to the S? The Tesla has no vibration or motor noise to intrude in the cabin, but road noise is louder in the Tesla. I've been told most of this is because I have the Goodyear tires and other brands are ...
by sschullo
Fri May 15, 2015 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Which Company Do You Have Auto Insurance With?
Replies: 105
Views: 5325

Re: Which Company Do You Have Auto Insurance With?

Allied: house, autos and umbrella. Much lower premiums than both State Farm and USAA-YIKES! And I'm a veteran!
by sschullo
Mon May 11, 2015 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Extrapolating Future Trends From Past: Never or Just Sometimes?
Replies: 12
Views: 643

Re: Extrapolating Future Trends From Past: Never or Just Sometimes?

I would never say never. Anywhere else I would agree, but in the financial markets it's okay to have this one absolute, prior data to extrapolate future trends puts the regular investor in the same place as the WS quants from Evy League schools, who do this for a living--uncertainty. Humans want so...
by sschullo
Mon May 11, 2015 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Frugality Reinforced - The Millionaire Next Door
Replies: 84
Views: 12567

Re: Frugality Reinforced - The Millionaire Next Door

I read the millionaire next door book quite a few years ago and really enjoyed it. I still run across people that are "all hat and no Cattle" :) I have been pretty frugal my whole life, keeping my vehicles until they hit 250,000 miles for example. my 1974 John Deere riding lawn just start...
by sschullo
Mon May 11, 2015 7:19 am
Forum: Investing - Help with Personal Investments
Topic: Extrapolating Future Trends From Past: Never or Just Sometimes?
Replies: 12
Views: 643

Re: Extrapolating Future Trends From Past: Never or Just Sometimes?

I would never say never. Anywhere else I would agree, but in the financial markets it's okay to have this one absolute, prior data to extrapolate future trends puts the regular investor in the same place as the WS quants from Evy League schools, who do this for a living--uncertainty. Humans want so...
by sschullo
Fri May 08, 2015 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Boglehead Interviewed about 403(b) plans and Published on M*
Replies: 6
Views: 659

Re: Boglehead Interviewed about 403(b) plans and Published on M*

Good for you Steve! Keep up the good fight. Thanks so much retiredjg. After 20 years, I can't stop! Success might be right around the corner. I will not rest until k-12 educators are out of those high cost inappropriate annuities and into low cost index funds. It's still a problem, the culture of a...
by sschullo
Fri May 08, 2015 8:25 am
Forum: Investing - Theory, News & General
Topic: Meeting to improve 403b with our plan administrator
Replies: 13
Views: 925

Re: Meeting to improve 403b with our plan administrator

FWIW as this is a long shot. What we did was bypass the 403b and implement a 457b, but you have still have to oversee it with an ongoing committee with a genuine fiduciary financial consultant (not another insurance agent or a broker/dealer). Its a lot of work because we are with a k-12 school distr...
by sschullo
Thu May 07, 2015 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead Interviewed about 403(b) plans and Published on M*
Replies: 6
Views: 659

Re: Boglehead Interviewed about 403(b) plans and Published on M*

Thanks so much Taylor for your message of encouragement. Keep up the good fight, Steve. And give my best to Dan. Thanks Mel! Done. BTW I talked Dan into selling his long-term bond fund investment because he was up to his old tricks, chasing returns! He learned his lesson as the fund was very volati...
by sschullo
Thu May 07, 2015 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead Interviewed about 403(b) plans and Published on M*
Replies: 6
Views: 659

Re: Boglehead Interviewed about 403(b) plans and Published on M*

Thanks so much Taylor for your message of encouragement.
by sschullo
Thu May 07, 2015 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: Stable Value Funds ~ cash? if so, increase duration?
Replies: 7
Views: 792

Re: Stable Value Funds ~ cash? if so, increase duration?

I would not exchange the total bond market for long term bonds. I don't like long term bonds because of the interest rate risk.
by sschullo
Thu May 07, 2015 8:39 pm
Forum: Investing - Theory, News & General
Topic: Should You Time the Markets When Experts Can’t?
Replies: 21
Views: 2231

Re: Should You Time the Markets When Experts Can’t?

"It’s hard to imagine individuals or advisers experiencing better results with fewer resources available, which leads me to conclude that market timing remains a strategy best avoided."

Couldn't agree more.
by sschullo
Thu May 07, 2015 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead Interviewed about 403(b) plans and Published on M*
Replies: 6
Views: 659

Boglehead Interviewed about 403(b) plans and Published on M*

W. Scott Simon who publishes articles on M* Advisor about 403(b) and other issues interviewed me about the sad state of 403b affairs. It's the first of a two-part series. This part is about the problem and next month is about one solution, the 457(b) plan and how it works with the 2nd largest school...
by sschullo
Thu May 07, 2015 7:06 pm
Forum: Investing - Theory, News & General
Topic: 403b investment club help
Replies: 8
Views: 543

Re: 403b investment club help

Hi wenderella, Great idea. Another colleague and I started a self help 403b group years ago in the late 1990s with the Los Angeles Unified School District teachers. We met at local restaurant about 6 times a year during the week and we got to present at some union sponsored events or events on our o...
by sschullo
Thu May 07, 2015 8:37 am
Forum: Investing - Help with Personal Investments
Topic: New member, and way behind the 8-ball (long and boring)
Replies: 15
Views: 2097

Re: New member, and way behind the 8-ball (long and boring)

Hi, I too welcome to this forum. 20 years from now you will not regret coming here and learning to live frugally without suffering, setting up a low cost plan and stay the course. Please don't take this as an insult, but I just smile when I hear 30 somethings say things like you did, "way behin...
by sschullo
Wed May 06, 2015 2:20 pm
Forum: Personal Consumer Issues
Topic: Wisconsin vacation ideas
Replies: 34
Views: 2333

Re: Wisconsin vacation ideas

Devil's Lake near Baraboo used to be a white sand lake with white sand swimming beach and lake bottom. Don't know if it still looks like that but was a great stop to walk in the white sand, wade, swim, dip your toes. Used to stop there when I was a little kid and my parents drove from Peoria to Bou...
by sschullo
Tue May 05, 2015 11:29 pm
Forum: Personal Consumer Issues
Topic: Wisconsin vacation ideas
Replies: 34
Views: 2333

Re: Wisconsin vacation ideas

Great Italian food at the Tower House ( http://www.cumberlandtowerhouse.com/Tower_House/Home.html ) and Bona Casa at Wisconsin's island city, Cumberland. http://www.bonacasafoodsinc.com/menu/# I second The House on the Rock, wondrous. The dolls are so real, numerous and creative that the beauty of t...
by sschullo
Wed Apr 29, 2015 3:00 pm
Forum: Investing - Theory, News & General
Topic: Retirees - What would you have done differently?
Replies: 48
Views: 6566

Re: Retirees - What would you have done differently?

Best advice for a couple in their 40s is treat your partner very very very nicely. Your partner's health and happiness is the single most important factor in your successful retirement planning. Not sure its limited to your 40s. Upon celebrating our 40th year anniversary this year, I find this udde...
by sschullo
Wed Apr 29, 2015 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Manager consistently crushing the market [calculation error]
Replies: 27
Views: 3686

Re: Manager consistently crushing the market

Jeez, Madoff only got 12% annually no matter what the market did.
by sschullo
Tue Apr 28, 2015 5:25 pm
Forum: Personal Consumer Issues
Topic: Documentaries to recommend?
Replies: 138
Views: 16961

Re: Documentaries to recommend?

PBS Frontline: The Retirement Gamble http://www.pbs.org/wgbh/pages/frontline/retirement-gamble/. Besides, Mr. Bogle's wisdom, there are a couple of ordinary guys featured that are hilarious! :wink:

John Adams series was great: http://www.imdb.com/title/tt0472027/
by sschullo
Tue Apr 28, 2015 5:16 pm
Forum: Personal Consumer Issues
Topic: Freshly roasted coffee beans
Replies: 29
Views: 1929

Re: Freshly roasted coffee beans

Here is another source. Since I have to watch my acid level, I order my no acid coffee from here: http://www.LivingBeyondOrganic.com
by sschullo
Thu Apr 23, 2015 1:21 pm
Forum: Investing - Theory, News & General
Topic: A Great List of Useless Financial Porn Phrases
Replies: 30
Views: 4177

Re: A Great List of Useless Financial Porn Phrases

fourwedge wrote:
livesoft wrote:We turn your money and our experience into our money and your experience.


This has to be the line of the year!!!!


+2
by sschullo
Thu Apr 23, 2015 9:07 am
Forum: Investing - Theory, News & General
Topic: A Great List of Useless Financial Porn Phrases
Replies: 30
Views: 4177

Re: A Great List of Useless Financial Porn Phrases

Here are a few more: 1. “My fees are paid by the company, not you.” 2. “I have a product that is right for you.” 3. “I guarantee X percent returns for X number of years.” 4. “I can double your money in ten years with guaranteed rates.” 5. “You have a death benefit.” 6. “Don’t worry about my costs. T...
by sschullo
Tue Apr 21, 2015 4:10 pm
Forum: Personal Consumer Issues
Topic: Ted Talks
Replies: 15
Views: 2334

Re: Ted Talks

Been listening off and on for almost a decade. Can't say that any were life changers, its refreshing just to hear good ideas about how to solve many of our economic, medical and social problems sans political negativity and divisiveness.
by sschullo
Sun Apr 19, 2015 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Coming to terms with low risk tolerance
Replies: 46
Views: 3582

Re: Coming to terms with low risk tolerance

That’s why Mr. Bernstein recommends that young investors start with a portfolio that’s roughly 50% stocks (split evenly between foreign and domestic) and 50% U.S. bonds until they experience their first bear market. “Then you see how you respond and you learn what your actual risk tolerance is,” he...
by sschullo
Sun Apr 19, 2015 7:17 am
Forum: Personal Finance (Not Investing)
Topic: how to deal with it [regret over past investing choices]
Replies: 74
Views: 5922

Re: regret and depression...how to deal with it

I lost a million when I was in my 50s!, during the 2000 crash and I don't regret a bit. It was a learning experience and wrote a book about it and just finished another because of the 403(b) experience, by making mistakes all along And doing some things right too. Only a few bogleheads came out of ...
by sschullo
Sun Apr 19, 2015 6:18 am
Forum: Investing - Help with Personal Investments
Topic: Mom is 59.5, in a terrible 403b. can she rollover?
Replies: 24
Views: 2185

Re: Mom is 59.5, in a terrible 403b. can she rollover?

Your mom's employer might have a decent offering by your state pension plan. Here in California most districts have a terrific Pension2 that is offered by our state teachers' pension plan.
by sschullo
Sat Apr 18, 2015 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Can't Just Do Nothing
Replies: 45
Views: 6287

Re: Can't Just Do Nothing

Get involved in something. Before long, you'll realize it's been months since you looked at your finances. Or help people here with theirs. That's far more interesting than looking at my own, again. In short, get a life! :) +1 Help others. It gets the world off of you, being humble is powerful, it ...
by sschullo
Sat Apr 18, 2015 7:30 am
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 146
Views: 15480

Re: Bernstein: "If you've won the game, stop playing."

Once the game has been won by accumulating enough safe assets to retire on, it makes little sense to keep playing it, at least with the “number”: the pile of safe assets sufficient to directly provide or indirectly purchase an adequate lifetime income stream. Bogleheads: I am in retirement and I ta...
by sschullo
Sat Apr 18, 2015 7:22 am
Forum: Personal Finance (Not Investing)
Topic: how to deal with it [regret over past investing choices]
Replies: 74
Views: 5922

Re: how to deal with it [regret over past investing choices]

I vote this thread as the best for 2015. I sometimes notice people seeking help here and every now and then they get negative advice instead of being encouraged. I'm glad to see this thread because it encourages people to never give up and not beat yourself up for making mistakes or just having bad...
by sschullo
Sat Apr 18, 2015 6:13 am
Forum: Personal Finance (Not Investing)
Topic: how to deal with it [regret over past investing choices]
Replies: 74
Views: 5922

Re: regret and depression...how to deal with it

I lost a million when I was in my 50s!, during the 2000 crash and I don't regret a bit. It was a learning experience and wrote a book about it and just finished another because of the 403(b) experience, by making mistakes all along And doing some things right too. Only a few bogleheads came out of ...
by sschullo
Wed Apr 15, 2015 7:23 am
Forum: Investing - Help with Personal Investments
Topic: 403B vendor choices - stay at TRP or transfer to Fidelity
Replies: 9
Views: 766

Re: 403B vendor choices - stay at TRP or transfer to Fidelit

.3% more in costs is minimal at the beginning with zero assets. But after saving for 20 years, your $525,000 with a .3% adds up to $1575 more in costs per year, according to my math. Add that for the next 40 years should you live to ninety--$63,000. And that's just the basic cost based on a static $...
by sschullo
Tue Apr 14, 2015 6:00 pm
Forum: Forum Issues and Administration
Topic: How does this site make money?
Replies: 39
Views: 5690

Re: How does this site make money?

The real story behind all this is the selflessness of the owners of this site. This is a million dollar a year site they have simply decided not to monetize. The beauty of capitalism is that you can make money and at the same time serve your purpose better. If the site chooses to monetize, it can h...
by sschullo
Tue Apr 14, 2015 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Does your family know about your net worth (ball park)?
Replies: 98
Views: 11570

Re: Does your family know about your net worth (ball park)?

From looking at the recent annual income poll result, I think most BHs are already millionaires or will become one. Q1. Does your family (parents, siblings) know about your net worth (ball park figure)? Q2. Do you know their net worth? Q3. How does knowing one's net worth affect family relationship...
by sschullo
Tue Apr 14, 2015 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: I... must... stop... Spending!
Replies: 25
Views: 3866

Re: I... must... stop... Spending!

sunny_socal wrote:Ok I didn't really have a question in my first post, it was more of a rant! :mrgreen:

But I don't actually need anything more.


If you really believe what you wrote, that's 90% of the battle to live frugally, save, pay off debts and find non expensive experiences that you enjoy.
by sschullo
Mon Apr 13, 2015 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Talking to People About Retirement
Replies: 70
Views: 6632

Re: Talking to People About Retirement

Beth, Retired at 60 with a smaller pension but had money in my 403(b) plan. Was the best decision I made. You don't know how lucky you are and all of the Bogleheads that we paid attention to spending, saving, learning investing, risking and making mistakes, starting late, knowing nothing at 40 years...

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