Search found 1204 matches

by 2015
Mon Feb 12, 2018 12:52 am
Forum: Investing - Theory, News & General
Topic: Barron's Magazine
Replies: 15
Views: 1490

Re: Barron's Magazine

This year I've been blessed to read a couple hundred non-fiction business books outside the fields of investing, economics, and personal finance written by some brilliant people. The information I gleaned added more value to all areas of my life (including investing) than ten or twenty years of read...
by 2015
Mon Feb 12, 2018 12:41 am
Forum: Investing - Theory, News & General
Topic: how did you determine your risk tolerance?
Replies: 103
Views: 4839

Re: how did you determine your risk tolerance?

These two paragraphs from Larry Swedroe's blog on willingness to take risk (risk tolerance) makes it clear that it is about understanding and controlling emotions. The first step in finding your willingness to take risk is to take what I refer to as the “stomach acid” test. Ask yourself this questi...
by 2015
Mon Feb 12, 2018 12:15 am
Forum: Investing - Theory, News & General
Topic: Has Seeking Alpha Become Worthless?
Replies: 20
Views: 3360

Re: Has Seeking Alpha Become Worthless?

IMO, it's always been worthless. Except for entertainment, maybe. I did read it from from to time, but not much recently. I've always wanted to start a counter website called "Accepting Beta". But that website already exists. It's called "Bogleheads.org"! +1 I was going to post "was it ever worthwh...
by 2015
Sun Feb 11, 2018 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Legal Docs
Replies: 16
Views: 1290

Re: Legal Docs

I live in a medium cost of living (MCOL) area and I am having all my documents updated: Last Will and Testament (with a trust amendment), Health Care Proxy, Living Will, and Power of Attorney. It's going to cost me $500. I consider that money very well-spent to obtain a legally valid, up-to-date, a...
by 2015
Sun Feb 11, 2018 10:21 pm
Forum: Investing - Theory, News & General
Topic: how did you determine your risk tolerance?
Replies: 103
Views: 4839

Re: how did you determine your risk tolerance?

The fog clears very quickly when you opt for simplicity. One of the best benefits is tuning out all of the nonsense, listening to what's best for you , and not only acting on that, but staying with it . There's no right answer to everything from risk tolerance to percentages or even what to hold in ...
by 2015
Sun Feb 11, 2018 10:09 pm
Forum: Investing - Theory, News & General
Topic: "If there were ironclad rules, we would all be following them."
Replies: 6
Views: 1162

Re: "Be Terrified"

Clickbait title, followed by an extremely drawn out “nobody knows nuthin” article. Yawn... Yawn? Really? This forum would have one half as many useful threads for the average investor (heads up: that means everyone not Warren Buffet or Charlie Munger) if everyone really believed what Brown posted. ...
by 2015
Sat Feb 10, 2018 10:40 pm
Forum: Investing - Theory, News & General
Topic: 70% chance of correction in 2018 according to Vanguard - Highest in 15 years
Replies: 96
Views: 10967

Re: 70% chance of correction in 2018 according to Vanguard - Highest in 15 years

In a video released today Joe Davis of Vanguard says the chance of a correction this year (at least a 10% decline) is 70% "the highest in 15 years" he's been at Vanguard. Sometimes it seems they do all but say, "rebalance NOW to your chosen stock allocation!". Joe goes on to explain why trying to t...
by 2015
Sat Feb 10, 2018 10:36 pm
Forum: Investing - Theory, News & General
Topic: A glidepath formula
Replies: 15
Views: 1776

Re: A glidepath formula

Makes me wanna hang myself.

The more complexity the less time for L.I.F.E., the less fun, the more dull boy imbalanced Johnny becomes. I don't find AA decisions before or after retirement to be rocket science.
by 2015
Sat Feb 10, 2018 10:32 pm
Forum: Personal Consumer Issues
Topic: Home printer
Replies: 21
Views: 976

Re: Home printer

If you can live without color, I'd strongly suggest a laser printer. Not only are they far cheaper to operate, but the toner doesn't go bad over time. You said "I think for my infrequent use the deskjet may be a good option". I became so frustrated with the short life of my ink cartridges despite i...
by 2015
Sat Feb 10, 2018 10:29 pm
Forum: Investing - Theory, News & General
Topic: Does Anyone Know Anything?
Replies: 36
Views: 3385

Re: Does Anyone Knows Anything?

I only started to read financial/investment news and analysis a couple years ago. But I have been deeply frustrated by what I read and what really happened. Looks like the experts have an explanation for everything, THEN reality hits. And experts quickly have a new theory for the new reality. For e...
by 2015
Fri Feb 09, 2018 12:58 am
Forum: Investing - Theory, News & General
Topic: There is no precise plan
Replies: 16
Views: 2023

Re: There is no precise plan

Maybe it's because I've been watching someone come close to dying all this past week in a hospital (which can really, really put life into perspective), but I don't get some of this. People keep talking about how we NEED to pay attention to predictions and "expected" returns to come up with a plan. ...
by 2015
Tue Feb 06, 2018 11:26 pm
Forum: Investing - Theory, News & General
Topic: RBD alert [Really Bad Day]
Replies: 86
Views: 10040

Re: RBD alert [Really Bad Day]

The psychological reaction I'm seeing is quite interesting. If the stock market had ended 2017 a little lower (about 6% lower) and we have gained 1-2% in 2018, to end up precisely where we are today, Feb. 5 2018, we'd all be happy. Loss aversion. Recency bias. All real psychological phenomena. An i...
by 2015
Tue Feb 06, 2018 11:22 pm
Forum: Investing - Theory, News & General
Topic: RBD alert [Really Bad Day]
Replies: 86
Views: 10040

Re: RBD alert

thangngo wrote:
Mon Feb 05, 2018 3:56 pm
TLH alert...
Nope. As of today still have some gains left in both VTSAX and VTIAX. I don't hang any deeper at the poker table than with those two bets because it's usually way more smoky in the casino than I can stand.
by 2015
Sat Feb 03, 2018 3:08 pm
Forum: Personal Consumer Issues
Topic: Bank signup bonus 1099
Replies: 36
Views: 2470

Re: Bank signup bonus 1099

Received one from US Bank for $200 bank sign up bonus. Waiting on Capitol One and WFB. I'm not reporting those if I don't receive 1099's because too much trouble to recreate in tax software. If IRS comes after me I'll send them the $1.32 or whatever it might be that they ask for in extra taxes. You...
by 2015
Sat Feb 03, 2018 2:48 pm
Forum: Personal Consumer Issues
Topic: Bank signup bonus 1099
Replies: 36
Views: 2470

Re: Bank signup bonus 1099

Received one from US Bank for $200 bank sign up bonus. Waiting on Capitol One and WFB. I'm not reporting those if I don't receive 1099's because too much trouble to recreate in tax software. If IRS comes after me I'll send them the $1.32 or whatever it might be that they ask for in extra taxes. You...
by 2015
Sat Feb 03, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Do you live on a budget?
Replies: 65
Views: 3357

Re: Do you live on a budget?

Since forever. What gets measured gets managed.
by 2015
Fri Feb 02, 2018 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 53
Views: 6119

Re: IRS Form 8606 (Nondeductible IRAs)

Why the rush? I usually hold off filing until at least March, lest I get "corrected" 1099s and have to file a 1040X. In my case, the "rush" is I've moved on to other more important projects now and want to slam the door on this still pending project which I began in December when preliminary tax so...
by 2015
Fri Feb 02, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Credit for Retirees
Replies: 29
Views: 3568

Re: Credit for Retirees

Other than credit cards, I haven't used credit in decades, pay cash for everything including housing and autos, and pay off all cc's monthly. In retirement now, I've been playing the credit card bonus sign up game and make up an income when asked (I think I use $40K, IIRC). My credit score is well a...
by 2015
Fri Feb 02, 2018 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Immediate Annuity
Replies: 20
Views: 1643

Re: Immediate Annuity

The problem is that most folks look at CD's and an SPIA as equal "products", but they are not. A CD is an investment product, while an SPIA is an income product. You don't buy an SPIA as an investment nor do you look at a CD to provide you with monthly retirement income (other than CD's that have t...
by 2015
Fri Feb 02, 2018 11:54 am
Forum: Investing - Help with Personal Investments
Topic: What advice would you give yourself if you were 27 again?
Replies: 120
Views: 7583

Re: What advice would you give yourself if you were 27 again?

Relish this moment in time! It's going to be one of several peak years in your life that you will remember for the rest of your life. Enjoy it Here. Now. While it's happening. You are so freaking lucky to be feeling this way.
by 2015
Fri Feb 02, 2018 11:39 am
Forum: Investing - Theory, News & General
Topic: Bonds in a well diversified portfolio
Replies: 13
Views: 2565

Re: Bonds in a well diversified portfolio

Total Bond Market supports me in not overthinking the role of bonds in a portfolio. If you ever ask yourself, “Am I overthinking this?” the answer is always “yes,” and you’re into marginal returns. and If our current choices don’t give us a convincing reason to opt for a choice we’ll likely seek out...
by 2015
Thu Feb 01, 2018 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Immediate Annuity
Replies: 20
Views: 1643

Re: Immediate Annuity

You can get some outstanding information about annuities from this guy: http://www.stantheannuityman.com/ Based on a post in a thread here, I ordered all of his booklets last year and was very impressed. They were all quite informative and helped me with the decision to rule out QLAC's. I highly rec...
by 2015
Wed Jan 31, 2018 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 53
Views: 6119

Re: IRS Form 8606 (Nondeductible IRAs)

TurboTax desktop says available 2/8/18. The form is in there currently but has a big red "DO NOT FILE" on it. Thanks for the 2/8/18 corroboration. Interestingly, I don't recall any IRS forms holding up my filing last year. I do recall the State of CA not releasing forms timely holding up my January...
by 2015
Wed Jan 31, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: How to think about your house from a financial perspective
Replies: 89
Views: 6664

Re: How to think about your house from a financial perspective

I'm 34 years old. I owe $345K on a house valued at $435K. Even if I never invest another dollar in my lifetime, my house appreciation combined with the future value of my 401K/IRA would set me up to have a decent retirement sum. Housing markets are local and fluctuate but U.S. housing prices have b...
by 2015
Wed Jan 31, 2018 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy - Is it worth it.
Replies: 43
Views: 2943

Re: Umbrella Policy - Is it worth it.

Stupid question I’m sure.... how do you find an insurance broker? Are they independent? Just google insurance broker and my zip code? I've been with the same broker for a couple of decades, so I found them inside what is nowadays a rare antique (a phone book). Couple years ago, when my bundled hoa/...
by 2015
Wed Jan 31, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 53
Views: 6119

Re: IRS Form 8606 (Nondeductible IRAs)

A bunch of forms, including the 8606, aren't scheduled to be finalized until 2/8/18. I have no idea why certain forms take a bit longer to be finalized. The above date is from the IRS Free Fillable Forms. I assume all the commercial E-File vendors will update at just about the same date. TaxAct did...
by 2015
Wed Jan 31, 2018 2:07 pm
Forum: Investing - Theory, News & General
Topic: The Vanderbilts
Replies: 26
Views: 3956

Re: The Vanderbilts

Love the WCI quote at the end of the article. Once is all it takes to make it. Keeping it takes something else entirely.
by 2015
Wed Jan 31, 2018 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: How to think about your house from a financial perspective
Replies: 89
Views: 6664

Re: How to think about your house from a financial perspective

I'm going to make a killing on this house when I unload it on some trendy air-headed entertainment hipster, that's how I think of it. :moneybag
by 2015
Wed Jan 31, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Accepting an offer from an employer who said previously no!
Replies: 30
Views: 3224

Re: Accepting an offer from an employer who said previously no!

I wouldn't do it. It means somebody doesn't know how to interview/select. If they're having these types of WTF (and there really is no other way to put it, other than attempting to put lipstick on a pig) issues at the outset they probably have other issues as a company/manager/department as well. E...
by 2015
Wed Jan 31, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy - Is it worth it.
Replies: 43
Views: 2943

Re: Umbrella Policy - Is it worth it.

We are currently paying about $400/year for a $1M Umbrella Policy. With USAA. We have had it for years - never made a claim. In fact - I think we only had one claim of any kind (a medium size auto accident about 5 years ago) against all the various policies we have with USAA. Questions. 1) How do p...
by 2015
Tue Jan 30, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 1099-B
Replies: 15
Views: 1113

Re: 2017 1099-B

Just got off the phone with Taxact. For those waiting on Form 8606 to be released in order to file TA says it should be within the next week or two.
by 2015
Tue Jan 30, 2018 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Accepting an offer from an employer who said previously no!
Replies: 30
Views: 3224

Re: Accepting an offer from an employer who said previously no!

I wouldn't do it. It means somebody doesn't know how to interview/select. If they're having these types of WTF (and there really is no other way to put it, other than attempting to put lipstick on a pig) issues at the outset they probably have other issues as a company/manager/department as well. Ev...
by 2015
Tue Jan 30, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Free credit freeze lift at Equifax expires Jan 31, 2018 ?
Replies: 3
Views: 455

Re: Free credit freeze lift at Equifax expires Jan 31, 2018 ?

That's the message I got when I temporarily unfroze my credit for 30 days a couple weeks ago.

I just hate Equifax. They were just waiting for the massive breach uproar to die down to go back to business as usual. Effective 2/1/18, they will.
by 2015
Mon Jan 29, 2018 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 1099-B
Replies: 15
Views: 1113

Re: 2017 1099-B

Received all of mine a couple weeks ago. Loving my simple non-brokerage mutual fund account.

Now if only the IRS would release Form 8606 so that I could update my Taxact software and file. I've so already moved on to other projects beyond taxes by now.
by 2015
Sun Jan 28, 2018 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: The biggest problem in retirement is spending (not)
Replies: 118
Views: 10252

Re: The biggest problem in retirement is spending (not)

I have no idea why people get so spun up these things. I think the most probable outcome is that I will die with a very large amount of money left. To which I say, "so what?" I'm not going to artificially spend money just to make it go away. If I wanted it to go away I would give it to someone who ...
by 2015
Sun Jan 28, 2018 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: FIRECalc et al. - user experience
Replies: 11
Views: 959

Re: FIRECalc et al. - user experience

Pre-retirement I ran about 876,000 calculators at least monthly. I only retired after factoring in a very large cushion and considering worst case scenarios. In retirement I'm lazy (at least as far as tinkering with investing and my PF goes) and only run Fidelity's retirement calculator, and mostly ...
by 2015
Sun Jan 28, 2018 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Confused about Roth Conversions and MAGI for ACA Eligibility
Replies: 4
Views: 443

Re: Confused about Roth Conversions and MAGI for ACA Eligibility

First post. I started reading a couple of months ago. My wife and I are 59 and I plan to retire in a year or two. Based on I-ORP Calculator it looks we should be in good shape. The I-ORP has us doing Roth Conversions from a TIRA and using our taxable savings to pay the tax on the Conversion. This s...
by 2015
Sun Jan 28, 2018 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone own gold?
Replies: 25
Views: 2052

Re: Does anyone own gold?

Unfortunately, yes. Back when I was stupid(er) than I am now, I bought $21K worth of gold coins. I'm happy to report it's now worth around $16K after all these years. Even the small amount of space it takes in my safe deposit box is too much.
by 2015
Sun Jan 28, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: How do you know much retirement income is needed?
Replies: 53
Views: 3767

Re: How do you know much retirement income is needed?

An easy way to have an unexpected large expense is when a family member gets into big trouble one way or another through mental illness, accident, or disease. Absolutely. I've considered this, and fortunately, all of my family members are covered. 2015- What is your strategy for covering the worst ...
by 2015
Sat Jan 27, 2018 3:29 pm
Forum: Investing - Theory, News & General
Topic: How do you know much retirement income is needed?
Replies: 53
Views: 3767

Re: How do you know much retirement income is needed?

I agree that it is both simple and complicated. The simple part is just looking at what you do spend now on various categories of things. Someplace between simple and complicated is actually pricing what you will spend on some things. Medicare/Medigap can be priced. Your property taxes, insurance, ...
by 2015
Sat Jan 27, 2018 2:13 pm
Forum: Investing - Theory, News & General
Topic: How do you know much retirement income is needed?
Replies: 53
Views: 3767

Re: How do you know much retirement income is needed?

I agree that it is both simple and complicated. The simple part is just looking at what you do spend now on various categories of things. Someplace between simple and complicated is actually pricing what you will spend on some things. Medicare/Medigap can be priced. Your property taxes, insurance, ...
by 2015
Sat Jan 27, 2018 2:07 pm
Forum: Personal Consumer Issues
Topic: Universal Studios FL - Express Pass?
Replies: 15
Views: 666

Re: Universal Studios FL - Express Pass?

I used this site to both purchase tickets and plan my excursion to Universal Studios Hollywood. Especially valuable are their planning tools to help optimize your time spent in the park(s). Here's a link to park planning tools for Universal Orlando (sroll down to see the plans for Orlando): https://...
by 2015
Fri Jan 26, 2018 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Excel for Personal Finance Accounting ?
Replies: 42
Views: 3417

Re: Excel for Personal Finance Accounting ?

I have been a Quicken user since the old MS-DOS days but now that Quicken has gone to a annual fee based upgrade model (which I refuse to upgrade to) I would like to find a replacement to reconcile and maintain our deposit and credit card accounts that is Excel based. The simpler the better. Any su...
by 2015
Fri Jan 26, 2018 8:03 pm
Forum: Personal Consumer Issues
Topic: Your favorite beach vacation destination?
Replies: 64
Views: 5135

Re: Your favorite beach vacation destination?

My wife and I love St. John and have been going the past 5 years, however we may change it up this year due to the hurricane damage. What's your favorite beach destination? I'm looking for some new ideas for a July vacation. I've never tried an all-inclusive so not sure if that's an option we would...
by 2015
Fri Jan 26, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 162
Views: 17844

Re: How to Minimize Your Emergency Care Expenses

Many thanks to WCI for being so generous as to take the time to post and respond in this thread. As a result of reading, I've double-checked the three urgent care centers I'm covered under with my insurance.
by 2015
Fri Jan 26, 2018 7:41 pm
Forum: Investing - Theory, News & General
Topic: When did the bad news start in 2008?
Replies: 135
Views: 12621

Re: When did the bad news start in 2008?

When I was laid off on top of my PF and overall net worth beginning to slide.
by 2015
Fri Jan 26, 2018 7:24 pm
Forum: Personal Consumer Issues
Topic: Medical Bill - how to proceed
Replies: 10
Views: 821

Re: Medical Bill - how to proceed

Despite the bills being legit, we are very confused on how to move forward for payment. ... There are over 20 different invoices that are being processed 1 at time; some are still being processed. The bills are complicated and no one can explain them to us. The first thing I'd do is to try to organ...
by 2015
Thu Jan 25, 2018 10:19 pm
Forum: Investing - Theory, News & General
Topic: Question to Taylor and others regarding bucket approach in retirement
Replies: 53
Views: 3230

Re: Question to Taylor and others regarding bucket approach in retirement

My thought is that buckets strategies are useless mental accounting... Basically correct. I'm thinking that folks who are most drawn to bucket strategies are those who do not have sufficient Retirement Income from sources aside from portfolio withdrawals. If pensions + immediate annuities + SS cove...
by 2015
Thu Jan 25, 2018 9:51 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5576
Views: 1262255

Re: U.S. stocks in freefall

Was just thinking the same thing the other day. Wishing for another 40% drop. As long as I don't lose my job of course! A 40% drop would take the S&P 500's Shiller PE down from a crazy-high 34 to a much more reasonable 20. I could see it happening. As someone who wants to buy low of course it's app...
by 2015
Thu Jan 25, 2018 9:37 pm
Forum: Personal Consumer Issues
Topic: Is there some kind of fraud?
Replies: 14
Views: 2835

Re: Is there some kind of fraud?

Today, I received a call from Discover card. I called them back using the phone# at the back of my card. I was transferred to their fraud department, where the person attending the call informed me that an unauthorized user called them. Fortunately, they could not recognize the caller's number, and...