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Re: The Case for Dividend Stocks in Retirement (article)

I don't know, but I find this thread very discouraging. The belief in dividends as a magic sauce is a belief that markets are inefficient. Even in the face of all the yelling and shouting about dividends as a superior strategy. And now, from someone like Mr. Clements. It's sad. L. It seems like eve...
by tibbitts
Mon Apr 14, 2014 7:43 pm
 
Forum: Investing - Theory, News & General
Topic: The Case for Dividend Stocks in Retirement (article)
Replies: 27
Views: 2192

Re: Wife to work as a Contractor - Advice needed

Been contracting for over 7 years....most likely its not the MegaCorp that is lowballing her but the recruiting company that placed her there. MegaCorp is probably paying Recruiting Company somewhere around $60/hr or more. The recruiting company's take is usually about 2x. When I was contracting in...
by tibbitts
Mon Apr 14, 2014 7:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife to work as a Contractor - Advice needed
Replies: 30
Views: 1966

Re: Wife to work as a Contractor - Advice needed

I am now a contractor, part-time, for my previous employer. The contract is between my closely-held corporation and my ex-employer. Such an arrangement has a lot of advantages, especially with regard to options for retirement accounts that aren't available otherwise. I'm not aware of any retirement...
by tibbitts
Mon Apr 14, 2014 8:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Wife to work as a Contractor - Advice needed
Replies: 30
Views: 1966

Re: Wife to work as a Contractor - Advice needed

Been contracting for over 7 years....most likely its not the MegaCorp that is lowballing her but the recruiting company that placed her there. MegaCorp is probably paying Recruiting Company somewhere around $60/hr or more. The recruiting company's take is usually about 2x. When I was contracting in...
by tibbitts
Mon Apr 14, 2014 8:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Wife to work as a Contractor - Advice needed
Replies: 30
Views: 1966

Re: ER Copay Advice needed

My mother, has had to go to the emergency room via ambulance twice this year. Both times she was taken to the local small rural hospital. The first time she there were no rooms available and she was transferred to a larger regional hospital for treatment via ambulance. The second time she was trans...
by tibbitts
Mon Apr 14, 2014 8:39 am
 
Forum: Personal Finance (Not Investing)
Topic: ER Copay Advice needed
Replies: 2
Views: 269

Re: Wife to work as a Contractor - Advice needed

Contractors are normally paid significantly more than regular employees, because the contractors have to pay for their own benefits and, theoretically, have less job security. Your wife has to pay attention to her salary. She is probably happy that Megacorp wants to hire her and thinks well of them...
by tibbitts
Sun Apr 13, 2014 3:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife to work as a Contractor - Advice needed
Replies: 30
Views: 1966

Re: My financial advisor doubt

From what I understand, if I ever decide to end the relationship, theses DFA fund will need to be sold, probably generating a huge capital loss/gain. How this situation should be approached? FYI, I am at the very beginning of this relationship. Not true. If you end the relationship, your funds are ...
by tibbitts
Sun Apr 13, 2014 2:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: My financial advisor doubt
Replies: 28
Views: 3106

Re: Contractor not licensed but insured

Back in the old days no one needed a license to do anything. And the reason licensing started being required? Because people were doing crappy work. So to protect consumers who don't have a clue - certain occupations require people to be licensed. That is they have taken some schoolinging and testi...
by tibbitts
Sun Apr 13, 2014 2:14 pm
 
Forum: Personal Consumer Issues
Topic: Contractor not licensed but insured
Replies: 15
Views: 818

Re: Speculation on I Bond fixed rate for May 1st

Dale_G wrote:Zero fixed rate - and it will likely stay there for a while. Why should the Treasury pay any real return if they don't have to?

Dale

That's what everybody predicted last year, and of course everybody was wrong.
by tibbitts
Sat Apr 12, 2014 5:28 pm
 
Forum: Investing - Theory, News & General
Topic: Speculation on I Bond fixed rate for May 1st
Replies: 17
Views: 2041

Re: new vwelx and vwinx prospecti, concerning?

Having started to read this material I find that Wellesley and Wellington can no longer be bought unless through Vanguard. Seems a positive move. To the extent that purchase restrictions are similar to fund closures, I believe that historically, most funds have performed relatively worse after such...
by tibbitts
Sat Apr 12, 2014 11:41 am
 
Forum: Investing - Help with Personal Investments
Topic: new vwelx and vwinx prospecti, concerning?
Replies: 4
Views: 446

Re: new vwelx and vwinx prospecti, concerning?

You do realize that a new prospectus is released annually, even if there aren't actually any updates to the fund terms/conditions?
by tibbitts
Sat Apr 12, 2014 11:29 am
 
Forum: Investing - Help with Personal Investments
Topic: new vwelx and vwinx prospecti, concerning?
Replies: 4
Views: 446

Re: 25 / Need help with investment advice & travel plan

My only suggestion is that $50k jobs, especially in low COL areas, aren't that easy to come by, so if you can work out some kind of leave vs. just quitting your job, I'd suggest doing that. Maybe you'd have to cut your travel down by three or six months, but for most people it would be a huge advant...
by tibbitts
Fri Apr 11, 2014 10:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: 25 / Need help with investment advice & travel plan
Replies: 4
Views: 472

Re: Problem with Vanguard website

It seems like a little downtime once in a while shouldn't be unexpected, or any cause for concern.
by tibbitts
Fri Apr 11, 2014 8:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Problem with Vanguard website
Replies: 25
Views: 2018

Re: Alternative to a car

This is a difficult situation. Almost any other vehicle (van, bus, etc.) other than a low-to-the-ground car is going to be more difficult, dangerous (less crash protection), or both. What specifically makes you think that she shouldn't be driving? It's one mile across the street, presumably with ver...
by tibbitts
Thu Apr 10, 2014 9:29 pm
 
Forum: Personal Consumer Issues
Topic: Alternative to a car
Replies: 30
Views: 1790

Re: Getting over huge mistakes

You have a higher net worth than approximately 95% of people your age, depending on which survey you choose, and your income is higher than approximately 80% of households in your age range. Exactly how would you feel if you were in that bottom 95/80%, like most of us?
by tibbitts
Wed Apr 09, 2014 10:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting over huge mistakes
Replies: 30
Views: 3146

Re: My Vanguard Financial Plan...additional bond funds

VG really can't win with regards to these plans. They've either been "cookie-cutter", or too simple, or too complicated, or insufficiently diversified, or excessively diversified, or... something. The fact that they've achieved nearly universal criticism probably means that they're pretty ...
by tibbitts
Wed Apr 09, 2014 8:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: My Vanguard Financial Plan...additional bond funds
Replies: 19
Views: 1877

Re: Why shouldn't i invest mostly in value funds?

Because several generations from now, finance students will be reading how value stocks routinely outperform value, "except for that inexplicable period from 2014 through 2077, when all categories of value dramatically underperformed the corresponding categories of growth."
by tibbitts
Tue Apr 08, 2014 6:41 pm
 
Forum: Investing - Theory, News & General
Topic: Why shouldn't i invest mostly in value funds?
Replies: 22
Views: 1390

Re: Do I take the separation package offer?

It sounds like a nice offer to me! Do companies offer such packages out of moral obligation? With employment at will, couldn't they terminate anyone for a $0 package? Offers like this are becoming less common, and packages are becoming less generous. Which is another why the OP needs to jump at thi...
by tibbitts
Tue Apr 08, 2014 8:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Do I take the separation package offer?
Replies: 50
Views: 4168

Re: Anyone else very reluctant to buy right now?

Based on one of Warren Buffet's favorite All due respect to him, but who cares? Who cares what he thinks? He has not beaten the market in 7 years from what I hear. I went to wsjonline, ran charts on BRK.B and SPX: value at 4/5/14: Brk.b 124.97 Spx 1911.63 value at 4/5/04: Brk.b 62.38 Spx 1107.30 ch...
by tibbitts
Mon Apr 07, 2014 8:51 am
 
Forum: Investing - Theory, News & General
Topic: Anyone else very reluctant to buy right now?
Replies: 124
Views: 11344

Re: Anyone else very reluctant to buy right now?

Yes, but it was much more difficult to buy in after the market had (most recently) dropped 50%: 1. There was absolutely no indication that the losses would stop anywhere close to 50% - further 50% losses seemed very likely; 2. Employment / job loss prospects for most people were even (at least margi...
by tibbitts
Mon Apr 07, 2014 8:48 am
 
Forum: Investing - Theory, News & General
Topic: Anyone else very reluctant to buy right now?
Replies: 124
Views: 11344

Re: Travel for work; file tax return in each state I work?

People who travel to other states seem to be paid by companies in those states to be required to file income tax of those states. I traveled often and worked at times 9 weeks straight in an office of my megacorp employer in Virginia, but was paid for that work by my employer in NY. I only paid NY i...
by tibbitts
Mon Apr 07, 2014 8:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Travel for work; file tax return in each state I work?
Replies: 14
Views: 1029

Re: To MBA or not MBA?

I don't see the value prop with MBAs in many scenarios, especially when they're not from Wharton, Sloan, Kellogg, etc. You mentioned you wanted your MBA to continue to move up at your current employer. Do you have a mentor or sponsor in the organization? What did they tell you to do? If you're cons...
by tibbitts
Sun Apr 06, 2014 8:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: To MBA or not MBA?
Replies: 57
Views: 4421

Re: Help with daughter's investments

If she's working full-time and making $30k, she's vastly more successful than most 23yr olds. Is she paying rent or otherwise contributing to the household expenses? You won the lottery with that stock, so you can reasonably claim to be more of an individual stock expert than 99.99% of the rest of u...
by tibbitts
Sun Apr 06, 2014 5:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with daughter's investments
Replies: 15
Views: 1041

Re: Any Bogleheads here into real estate investing?(renting

Let's say a rental house costs $250,000. 250k of you hard earned money. Okay, now for some reality. A friend of mine owns 6 or 7 single family homes. The average purchase price of these homes has been around $50,000. The homes are obviously smaller bungalows. The rent from each house is $700-$800 p...
by tibbitts
Sun Apr 06, 2014 1:31 pm
 
Forum: Investing - Theory, News & General
Topic: Any Bogleheads here into real estate investing?(renting out)
Replies: 53
Views: 3641

Re: Travel for work; file tax return in each state I work?

Especially for the self-employed, this is a huge burden, because you don't just have personal taxes, you have business registration and licensing requirements that are specific to each state, county, and city. And that's even assuming your business doesn't have other tax requirements, like sales tax...
by tibbitts
Sun Apr 06, 2014 12:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Travel for work; file tax return in each state I work?
Replies: 14
Views: 1029

Re: Options for the medical grad but no residency

I know this sounds harsh, but it's true: OP's problem is common in many fields of endeavor today. Folks do not want to put the time and effort into completing the requirements for their goal -- but they still want the job, and the income. I've had this same discussion with my three daughters, only ...
by tibbitts
Sat Apr 05, 2014 2:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Options for the medical grad but no residency
Replies: 95
Views: 7135

Re: Investing in Equities, But Avoiding Market Top

It wasn't that long ago that 50/50 was considered a maximum equity allocation by many here on the forum, but that was when the 50%+ equity drop was fresh in everyone's mind. For your age is very aggressive, unless you have so little or so much money that the outcome won't matter either way. You have...
by tibbitts
Sat Apr 05, 2014 12:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing in Equities, But Avoiding Market Top
Replies: 13
Views: 1072

Re: I accidentally discovered a coworkers salary... now what

Do not tell her anything. Do ask for a raise. +1 and ... about the raise, be thankful that 20+ years with the company is worth something. She has paid her dues, you haven't. People who work in non-union/government type jobs don't have that kind of mind-set. It has nothing to do with "dues"...
by tibbitts
Sat Apr 05, 2014 12:51 am
 
Forum: Personal Finance (Not Investing)
Topic: I accidentally discovered a coworkers salary... now what?
Replies: 59
Views: 5409

Re: I accidentally discovered a coworkers salary... now what

Regarding your issue with salary, the reality is that for many years, cost-of-living and merit increases were common - almost universal, every year. Basically it was pretty common to be better off and enjoy a higher standard of living every year. Your coworker was employed by your company through ma...
by tibbitts
Fri Apr 04, 2014 8:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: I accidentally discovered a coworkers salary... now what?
Replies: 59
Views: 5409

Re: Transmission rebuilt ($2k) or buy a new car? [Honda Civi

You need more estimates and need to verify that you need the transmission itself and not some control component.

I'd hesitate to have a shop rebuild a transmission, assuming that's what's required, vs. buying a brand-name factory-rebuilt model.
by tibbitts
Fri Apr 04, 2014 8:49 am
 
Forum: Personal Consumer Issues
Topic: Transmission rebuilt ($2k) or buy a new car? [Honda Civic]
Replies: 23
Views: 1119

Re: Transmission rebuilt ($2k) or buy a new car? [Honda Civi

Have you obtained additional estimates? $2k seems inexpensive for a factory-remanufactured transmission with a warranty, including labor. Do you mean "expensive" instead of "inexpensive"? Have not received additional estimates. That estimate was a worst-case, it may be closer to...
by tibbitts
Thu Apr 03, 2014 9:13 pm
 
Forum: Personal Consumer Issues
Topic: Transmission rebuilt ($2k) or buy a new car? [Honda Civic]
Replies: 23
Views: 1119

Re: Transmission rebuilt ($2k) or buy a new car? [Honda Civi

Have you obtained additional estimates? $2k seems inexpensive for a factory-remanufactured transmission with a warranty, including labor.
by tibbitts
Thu Apr 03, 2014 8:54 pm
 
Forum: Personal Consumer Issues
Topic: Transmission rebuilt ($2k) or buy a new car? [Honda Civic]
Replies: 23
Views: 1119

Re: Boglehead Cruise Line Preference

I don't understand any excessive preference for one cruise line or another, especially since many of the share the same corporate ownership. Generally one cruise line will have a particular itinery that's either considerably better or cheaper than any of the others, so that's the one you take. I hav...
by tibbitts
Thu Apr 03, 2014 7:06 pm
 
Forum: Personal Consumer Issues
Topic: Boglehead Cruise Line Preference
Replies: 57
Views: 6566

Re: Bailing On Pimco Bond?

The S&P 500 is doing great but $3 billiion was withdrawn from Pimco's bond fund....any Bogleheads heading for the door on Pimco? Lucky3 I don't understand the comment. Why would the performance of the S&P500 have anything to do with people withdrawing from a Pimco bond fund? Obviously the p...
by tibbitts
Wed Apr 02, 2014 7:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bailing On Pimco Bond?
Replies: 19
Views: 1959

Re: Being my own contractor for a bathroom remodel?

Obviously hiring a GC should be free or even save money vs. doing that work yourself, but projects don't usually work out that way. The GC should have access to far lower cost labor than you do, and labor is usually the biggest part of any project.
by tibbitts
Mon Mar 31, 2014 6:49 pm
 
Forum: Personal Consumer Issues
Topic: Being my own contractor for a bathroom remodel?
Replies: 19
Views: 1436

Re: IRS letter claiming return is late - anyone experience t

My own issue is with "informational returns", like 1065s, where there is no feedback, positive or negative - no deposit or financial transaction involved. I still maintain certified mail won't buy you anything without some other proof that you didn't just mail an envelope, you mailed a form.
by tibbitts
Sun Mar 30, 2014 8:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRS letter claiming return is late - anyone experience this?
Replies: 34
Views: 3391

Re: Purchasing New Tires for Car and Need Suggestions

Hello, I recently had my tires inspected and have been told that I need to get new tires as they are not in the best shape. They are the factory tires that came with the car and have lasted almost 5 years. I am wanting to get all season tires. I live in the Northeast and definitely need something t...
by tibbitts
Sun Mar 30, 2014 12:39 pm
 
Forum: Personal Consumer Issues
Topic: Purchasing New Tires for Car and Need Suggestions
Replies: 38
Views: 2008

Re: New Friends are the Anti-Bogleheads, what to do?

There is sometimes an assumption here that the "boglehead way" is also the "right way." It's not - it's just one reasonable path of many. Another reasonable path for a couple making $400k is to buy two cars, a boat, and try some expensive hobbies.
by tibbitts
Sun Mar 30, 2014 11:38 am
 
Forum: Personal Finance (Not Investing)
Topic: New Friends are the Anti-Bogleheads, what to do?
Replies: 93
Views: 8221

Re: BH Vacations

Although the posts about having travel paid for by work are interesting, the OP should realize that both having work pay for travel and having the flexibility to schedule a vacation around that travel is rare. When I was traveling for work frequently, sometimes hundreds of days a year, I only rarely...
by tibbitts
Sun Mar 30, 2014 11:01 am
 
Forum: Personal Consumer Issues
Topic: BH Vacations
Replies: 50
Views: 3169

Re: IRS letter claiming return is late - anyone experience t

I never understood the certified mail thing - all you're proving is that you mailed an empty envelope. If the recipient wants to claim you mailed something other than what you did, there's nothing to prevent them from doing that. So for taxes I'd imagine you'd need to use some kind of service that ...
by tibbitts
Sun Mar 30, 2014 10:39 am
 
Forum: Personal Finance (Not Investing)
Topic: IRS letter claiming return is late - anyone experience this?
Replies: 34
Views: 3391

Re: IRS letter claiming return is late - anyone experience t

I never understood the certified mail thing - all you're proving is that you mailed an empty envelope. If the recipient wants to claim you mailed something other than what you did, there's nothing to prevent them from doing that. So for taxes I'd imagine you'd need to use some kind of service that w...
by tibbitts
Sat Mar 29, 2014 10:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRS letter claiming return is late - anyone experience this?
Replies: 34
Views: 3391

Re: Being older/younger in class -- benefits, issues?

My experience, based on early September, was that it probably would have been better to be behind vs. ahead, but it depends on the person. Even someone with personal experience can't say for sure what would have worked out better for them, but I'd think that more often, being older would work out be...
by tibbitts
Sat Mar 29, 2014 12:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Being older/younger in class -- benefits, issues?
Replies: 98
Views: 4728

Re: Being my own contractor for a bathroom remodel?

I don't understand the requirement. If you pay someone to be a general contractor, they probably have to be licensed, but you're apparently going to do the general contracting yourself. How is your full-time journeyman plumber friend doing plumbing in your city without being at least affiliated with...
by tibbitts
Fri Mar 28, 2014 9:41 pm
 
Forum: Personal Consumer Issues
Topic: Being my own contractor for a bathroom remodel?
Replies: 19
Views: 1436

Re: Possible TSP Changes

Change happens very slowly with the TSP. Just look at how long they took to get the Roth TSP up and running. A fund company could have had that up and running in a matter of days/weeks. I can't remember an exact time span but I believe it was over 3 years to implement. Ridiculous. And look at what ...
by tibbitts
Wed Mar 26, 2014 7:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Possible TSP Changes
Replies: 20
Views: 2425

Re: Are Vanguard Index Funds pure ??? Not So

Today I researched the VFINX fund on Vanguard`s website which is indexed to perform along with the S&P 500 ( all large cap). I learned that this fund has 32.3 % in mid cap large, 18.6 % in midcap and 2.6 % in mid cap small. Is something wrong with this as a large cap index fund? Can this be sty...
by tibbitts
Tue Mar 25, 2014 7:12 pm
 
Forum: Investing - Theory, News & General
Topic: Are Vanguard Index Funds pure ??? Not So
Replies: 67
Views: 4243

Re: Creating a "secondary" retirement account

It would be silly to assume the pension wouldn't be there, or that the pension plus two maxed roths "will likely not be enough." There might be some adjustments along the way, like elimination of COLAs, etc. but the pension will be there. The 2%/yr for the top 3-5 years you mentioned is pr...
by tibbitts
Mon Mar 24, 2014 9:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Creating a "secondary" retirement account
Replies: 18
Views: 1607

Re: Looking at Total Bond vs Malkiel/Ellis div stocks + EM b

My point is that if indeed the current environment (interest rate repression) was something these gurus had experienced before, and this thread seems to be acknowledging it was, then there should have been no need for refinement of any recommendation. All along there should have been an algorithm fo...
by tibbitts
Mon Mar 24, 2014 7:14 pm
 
Forum: Investing - Theory, News & General
Topic: Looking at Total Bond vs Malkiel/Ellis div stocks + EM bonds
Replies: 32
Views: 1962

Re: Looking at Total Bond vs Malkiel/Ellis div stocks + EM b

It all depends upon the probability you put on the events occurring. Based upon history, the 50% drop for 10 years and stay there has never happened in the US or other Anglo-Dutch market except during WWII when a country was overrun by Germany and the Great Depression in the US. We are no were near...
by tibbitts
Sun Mar 23, 2014 10:48 pm
 
Forum: Investing - Theory, News & General
Topic: Looking at Total Bond vs Malkiel/Ellis div stocks + EM bonds
Replies: 32
Views: 1962

Re: Looking at Total Bond vs Malkiel/Ellis div stocks + EM b

Yes and wall street is lined with brilliant people with impressive academic credentials, and they all have a timing or valuation or some other story to tell, yet we all second-guess them all the time. We second-guess Rick when he advocates junk; we second-guess Larry when he advocates CCFs; we seco...
by tibbitts
Sun Mar 23, 2014 7:26 pm
 
Forum: Investing - Theory, News & General
Topic: Looking at Total Bond vs Malkiel/Ellis div stocks + EM bonds
Replies: 32
Views: 1962

Re: Looking at Total Bond vs Malkiel/Ellis div stocks + EM b

I think some of you are missing Ellis' point. During interest rate repression (which we are experiencing now), interest rates are held to a rate below inflation so real rates are negative. Until recently most of the TIPS yield curve was negative, now the shorter portion (less than 10 years is negat...
by tibbitts
Sun Mar 23, 2014 7:16 pm
 
Forum: Investing - Theory, News & General
Topic: Looking at Total Bond vs Malkiel/Ellis div stocks + EM bonds
Replies: 32
Views: 1962
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