Search found 1055 matches

by 22twain
Tue Jul 18, 2017 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Investment advice for $4 million - can I do all stocks?
Replies: 72
Views: 5525

Re: Investment advice for $4 million - can I do all stocks?

What are your current expenses, and what you do you expect/want them to be when you retire? It makes a difference whether you're in a low- or medium-cost-of-living area with relatively inexpensive lifestyle, hobbies and/or travel, or in a high cost-of-living area, go to expensive restaurants and enj...
by 22twain
Sun Jul 16, 2017 2:06 am
Forum: Investing - Help with Personal Investments
Topic: 3 fund vs robo investing program
Replies: 28
Views: 2054

Re: 3 fund vs robo investing program

We need bots to help on the buying side though. We need bots that will contact the Hollys and negotiate a price based on what we want. And do other things for us, representing our interests and priorities, not the vendor's. "Good morning, sir! While you were sleeping I renegotiated your car le...
by 22twain
Sun Jul 16, 2017 1:21 am
Forum: Investing - Help with Personal Investments
Topic: Income from investments, have 200k to use.
Replies: 8
Views: 1173

Re: Income from investments, have 200k to use.

If she needs the $15K for just one or two years, she can get part of it from dividends from the $200K in a suitable stock or bond index fund, and sell some shares from those funds to get the rest of it. Or simply set aside $30K in a savings account for this purpose and invest the remaining $170K wit...
by 22twain
Thu Jul 13, 2017 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Ready to Take the Plunge - Am I doing my 4-fund portfolio right? (Dumbest Post Ever?)
Replies: 7
Views: 856

Re: Ready to Take the Plunge - Am I doing my 4-fund portfolio right? (Dumbest Post Ever?)

International bonds are a rather new component of Vanguard's target retirement and other balanced funds. A lot of people here are skeptical about them and prefer to stick with a 3-fund portfolio using only domestic bonds (e.g. Total Bond Market). So I think it would be reasonable to replace the inte...
by 22twain
Thu Jul 13, 2017 1:19 am
Forum: Personal Consumer Issues
Topic: Best way to buy a iPAD
Replies: 13
Views: 1436

Re: Best way to buy a iPAD

Generally, when Apple introduces a new model of one of its devices, they cut the price of the preceding model to clear out stock. Therefore, if you don't need the "latest and greatest", you can save some money by buying the preceding model shortly after the new one appears. New desktop Mac...
by 22twain
Wed Jul 12, 2017 11:40 pm
Forum: Personal Consumer Issues
Topic: Outside Pittsburgh short trip ideas
Replies: 36
Views: 2116

Re: Outside Pittsburgh short trip ideas

Johnstown Inclined Plane - worth a ride up and down from the bottom. Note that the Johnstown Inclined Plane is different from the two inclines in Pittsburgh, because it carries both passengers and vehicles. The cars are much larger. If you're so inclined (heh), you can pay the extra fare and drive ...
by 22twain
Wed Jul 12, 2017 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: What to do after maxing out Roth IRA?
Replies: 9
Views: 2349

Re: What to do after maxing out Roth IRA?

What if your stipend gets cut back because of poor grades? It happened to me; my assistantship was cut back from 1/2-time to 1/4-time for a semester. What if you decide to bail out of academia, or you don't get a postdoc... how long would it take you to find a "real job"? Your emergency fu...
by 22twain
Tue Jul 11, 2017 11:24 pm
Forum: Personal Consumer Issues
Topic: Outside Pittsburgh short trip ideas
Replies: 36
Views: 2116

Re: Outside Pittsburgh short trip ideas

A bit specialized, but what the heck (I've actually visited these at various times, with one exception, and enjoyed them): East Liverpool, Ohio: the Pottery Museum chronicles the now mostly-gone pottery industry in the area around the northern bend of the Ohio River. If you're into college football,...
by 22twain
Tue Jul 11, 2017 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on individual dividend investing?
Replies: 80
Views: 5167

Re: Thoughts on individual dividend investing?

While dividends are taxed as ordinary income, long term capital gains are usually taxed at a lower rate. My father-in-law worked for the original AT&T (pre-breakup) so my wife inherited shares of various post-breakup descendants. Last year she received dividends from AT&T, Verizon, CenturyL...
by 22twain
Mon Jul 10, 2017 10:24 am
Forum: Personal Consumer Issues
Topic: any way to eat healthier at Subway (or any other quick lunch ideas)
Replies: 102
Views: 4661

Re: any way to eat healthier at Subway (or any other quick lunch ideas)

https://www.cancer.org/latest-news/world-health-organization-says-processed-meat-causes-cancer.html Overall, the lifetime risk of someone developing colon cancer is 5%. To put the numbers into perspective, the increased risk from eating the amount of processed meat in the study would raise average ...
by 22twain
Sun Jul 09, 2017 10:45 am
Forum: Investing - Help with Personal Investments
Topic: New member with no direction
Replies: 15
Views: 1419

Re: New member with no direction

Perhaps I am missing something but how can you add $20k to your IRA accounts as a catch-up? :?: I think you're missing that this is a SIMPLE IRA for self-employed folks. (At least that's how I interpret his statement.) The contribution limits are higher for these than for ordinary IRAs (traditional...
by 22twain
Thu Jul 06, 2017 7:24 am
Forum: Investing - Help with Personal Investments
Topic: Index ETF vs. Index Mutual Fund
Replies: 7
Views: 713

Re: Index ETF vs. Index Mutual Fund

Welcome to Bogleheads!

The Bogleheads Wiki has a page about this question:

https://www.bogleheads.org/wiki/ETFs_vs_mutual_funds
by 22twain
Wed Jul 05, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: "What I Learned From My 'Faux-tirement'"
Replies: 33
Views: 6732

Re: "What I Learned From My 'Faux-tirement'"

Also what does the employer do about the missing worker's responsibilities? Is it just "piled" on top of the same level workers or do they hire temps? They would probably set their overall staffing level taking into account that a certain number would be away at any given time, and shuffl...
by 22twain
Mon Jun 26, 2017 1:13 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 3786

Re: Things to do in Iowa/Nebraska

If you're into classical music at all, you might arrange your route to pass through Spillville, Iowa. Antonin Dvorak spent the summer here to take a break from his duties at the conservatory in New York during his visit to the US, and composed some of his more famous works here. There's a small muse...
by 22twain
Wed Jun 21, 2017 7:32 am
Forum: Investing - Help with Personal Investments
Topic: [Kicked out of Vanguard; Moving to Merrill]
Replies: 20
Views: 2170

Re: Kicked out of Vanguard; now what

unclescrooge wrote:
caffemaven wrote:Hello. I have an interesting situation. [snip]

Consider this a favor. Move out of vanguard and don't look back.

Look carefully at the date on caffemaven's post.
by 22twain
Tue Jun 20, 2017 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 37708

Re: Regret early retirement/downsizing

Personally I think a 3 day work week would be perfection. My wife actually ended up with a setup like this. She retired from her full-time college teaching job because the stress was getting to her. Partly the teaching because of having to do regular "overloads", and partly the extra resp...
by 22twain
Sun Jun 18, 2017 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 4360

Re: Why do we need an emergency fund?

I have never had an emergency fund, and all I have is money invested and money to be invested. I did not have college fund for my kids too, but sent both of them to private colleges. Don't get me wrong. I just make an average salary, and have not inherited any money. What fraction of your investmen...
by 22twain
Thu Jun 15, 2017 4:34 pm
Forum: Personal Consumer Issues
Topic: Am I too far into the rabbit hole? (email with Gmail)
Replies: 29
Views: 3950

Re: Am I too far into the rabbit hole? (email with Gmail)

Note that at least some of the privacy concerns about free Gmail do not apply to the paid version in G Suite (formerly Google Apps) for Work and G Suite for Education. The college where I worked has used G Suite for Education for years, and I use G Suite for my personal email so I can use my own dom...
by 22twain
Thu Jun 15, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: With guaranteed pension, should 403(b) investments be more aggressive or more conservative?
Replies: 33
Views: 1868

Re: With guaranteed pension, should 403(b) investments be more aggressive or more conservative?

Trakl wrote:I will receive a state employee pension that should provide about 60% income replacement of my final salary, for life.

Will you also get Social Security? (Some pension plans are in addition to SS, whereas others replace SS.)
by 22twain
Wed Jun 14, 2017 3:25 pm
Forum: Investing - Theory, News & General
Topic: Poll: 401K Match
Replies: 99
Views: 16559

Re: Poll: 401K Match

Wow, a 9.5-year necropoll. :shock: I wonder how the 2008 data would compare to the current data if they were separated. The poll started before the financial crisis. My employer, from which I'm now retired, gives a fixed-percentage non-matching contribution. It was reduced when they got hit by the e...
by 22twain
Wed Jun 14, 2017 7:17 am
Forum: Personal Consumer Issues
Topic: How many tech devices do you have?
Replies: 75
Views: 3447

Re: How many tech devices do you have?

Computers and accessories, tablets, smartphones: 2008 MacBook 2008 Mac Pro Canon printer/scanner Nikon film scanner 2010 iMac (my office computer until I retired recently) 2012? iPad mini 2015 iPhone 5s Other phones: Ancient Nokia non-smartphone Landline speakerphone and caller-ID box Network infras...
by 22twain
Mon Jun 12, 2017 4:30 pm
Forum: Personal Consumer Issues
Topic: Anyone enrolled in Part B of Medicare?
Replies: 25
Views: 1478

Re: Anyone enrolled in Part B of Medicare?

FB01 wrote:there are certain things which are not clear

Which things?
by 22twain
Wed May 31, 2017 9:20 am
Forum: Investing - Help with Personal Investments
Topic: About to retire
Replies: 11
Views: 1782

Re: About to retire

Don't forget about dividends. My current spending is covered about 25% by deferred compensation, 25% by dividends from my taxable accounts, and 50% from selling taxable shares. I let the dividends accumulate in my money market fund, and sell shares into the money market fund once or twice a year, us...
by 22twain
Tue May 30, 2017 10:29 am
Forum: Investing - Theory, News & General
Topic: Question about paper currency
Replies: 12
Views: 939

Re: Question about paper currency

Surely only a small fraction of the currency in "circulation" is in paper or coin form?
by 22twain
Wed May 24, 2017 8:58 pm
Forum: Investing - Theory, News & General
Topic: Cash flow observation
Replies: 21
Views: 1649

Re: Cash flow observation

Let me guess: TMCD75's dad had a pension, and his brother didn't. Most people nowadays don't get pensions except for Social Security, and have to make their own instead, which requires a largish lump sum to start with.
by 22twain
Sat May 20, 2017 7:30 pm
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 138
Views: 13215

Re: For those with $500k-$1m in investments...

Just retired at 63. About 25% in taxable, most of it from an inheritance. At 54 I had < 5% in taxable.
by 22twain
Wed May 17, 2017 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: MRD Withdrawal Question:
Replies: 6
Views: 687

Re: MRD Withdrawal Question:

If you're going to reinvest the RMDs in a taxable account, and you want to maintain the same overall allocation, I'd take them by selling stocks and reinvesting in stocks. The taxes on dividends in the taxable account will be lower than with bonds. (Qualified versus non-qualified dividends)
by 22twain
Sun May 07, 2017 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Really need some advice for a 401k rollover after forced retirement
Replies: 21
Views: 1480

Re: Really need some advice for a 401k rollover after forced retirement

As a starting point, consider a single-fund portfolio. Since you already have Vanguard Target Retirement 2025 in a taxable account, you could simply open an IRA at Vanguard, roll your 401K into it, and fill it with TR 2025. This would give you a % of stocks that declines as time passes. If you'd pre...
by 22twain
Sat May 06, 2017 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: Worth It Or Not? [to Retire]
Replies: 28
Views: 4935

Re: Worth It Or Not? [to Retire]

If you have to take an unneeded RMD and you invest it in a taxable account then you have just moved the money around since an after tax dollar in your taxable account is worth more than a tax deferred dollar in the IRA. It is all still savings. Exactly. Uncle Sam doesn't care whether you actually s...
by 22twain
Wed May 03, 2017 5:53 pm
Forum: Personal Consumer Issues
Topic: Where to Live on $60K or Less a Year?
Replies: 248
Views: 27261

Re: Where to Live on $60K or Less a Year?

frugalprof wrote:Greenville, SC has nice biking trails, a good regional airport with multiple flights a day to Charlotte.

Or just drive to Charlotte. The Charlotte airport is on the west side of that city. From an east suburban Greenville location it's about 1.5 hours on I-85.
by 22twain
Wed May 03, 2017 12:26 am
Forum: Personal Finance (Not Investing)
Topic: Are we (nearly) ready to retire?
Replies: 32
Views: 3358

Re: Are we (nearly) ready to retire?

Do your Social Security estimates take into account stopping work early, and therefore not paying more SS taxes? IIRC, the simple estimates from the SSA that you see on your annual (?) statements assume that you will continue to work until the stated ages.
by 22twain
Thu Apr 27, 2017 12:18 am
Forum: Investing - Help with Personal Investments
Topic: Retirement income for 50+ years?
Replies: 167
Views: 15522

Re: Retirement income for 50+ years?

Have you tried Firecalc yet? Enter $300,000 for the spending rate, $11,000,000 for the (initial) portfolio, and 60 years, and see what you get. Note that the resulting graph is in current dollars. I get a final worst-case balance (in today's dollars!) of what looks like about $40,000,000, give or ta...
by 22twain
Tue Apr 18, 2017 10:50 am
Forum: Investing - Theory, News & General
Topic: Unwinding all positions and buy back after French Elections
Replies: 55
Views: 5997

Re: Unwinding all positions and buy back after French Elections

Even if I lived and invested in France, I wouldn't make any changes just because of the elections there. I'm in the US and I didn't make any changes because of the US election last fall. I admit to feeling some tiny twitches when I saw that stock futures were waaaay down around midnight on election ...
by 22twain
Tue Apr 18, 2017 10:05 am
Forum: Investing - Theory, News & General
Topic: What is the max SS income you could receive this year?
Replies: 38
Views: 4532

Re: What is the max SS income you could receive this year?

The FRA went up this year ...for someone who turns 62 this year, versus someone who turned 62 last year,... so there are fewer months to collect DRCs. This decreases the difference between benefits at FRA and at age 70. I may not understand how that works, but for a person reaching FRA this year, a...
by 22twain
Sun Apr 16, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Why would anyone want to buy bond funds?
Replies: 92
Views: 9763

Re: Why would anyone want to buy bond funds?

foodstamp wrote:why anyone would want to purchase bond funds at this point in time?

Type "why bonds" into the forum search box at the top of this page. It seems like we have a thread like this every week.
by 22twain
Sun Apr 16, 2017 7:38 am
Forum: Investing - Theory, News & General
Topic: Is there any reason a buy-and-hold investor would buy gold?
Replies: 121
Views: 7195

Re: Is there any reason a buy-and-hold investor would buy gold?

Charlie Munger, Warren Buffett's better half in the partnership said it best: "I think gold is a great thing to sew into your garments if you're a Jewish family in Vienna in 1939, [...]" Some of those refugees used rare postage stamps instead, because they were lighter and less conspicuou...
by 22twain
Thu Apr 13, 2017 1:15 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage: Husband died, now what?
Replies: 13
Views: 4111

Re: Mortgage: Husband died, now what?

It would help a lot if you could tell us which state you're in. A Google search on "Register of Wills" suggests it might be Pennsylvania or Maryland. Then people who know something about the laws in that state can chime in.
by 22twain
Wed Apr 12, 2017 6:07 pm
Forum: Personal Consumer Issues
Topic: See advice for traveling to NYC on a regular basis
Replies: 14
Views: 1291

Re: See advice for traveling to NYC on a regular basis

(car? plane? or train?) If I lived near an Amtrak station (Niagara Falls, Buffalo, Rochester, Syracuse, Utica and maybe some places in between), I'd take the train. Arriving at Penn Station is probably more convenient than driving in and paying for parking, or flying in and getting to Manhattan fro...
by 22twain
Tue Apr 11, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: mutual fund vs etf
Replies: 7
Views: 679

Re: mutual fund vs etf

jayhawkerbeef wrote:Topic is often debated on this site. Can search the forum in the upper right.


There's also an article in this site's Wiki:

Main page --> ETFs and mutual funds --> ETFs vs mutual funds
by 22twain
Sat Apr 01, 2017 9:54 am
Forum: Investing - Theory, News & General
Topic: educate me on spending/cost in retirement
Replies: 27
Views: 2426

Re: educate me on spending/cost in retirement

Different people can have very different tax situations in retirement. One person might get all his money via withdrawals from a 401k, which are taxed at rates for ordinary income. Another might get it from a taxable account via qualified dividends which are taxed at a reduced rate, and from selling...
by 22twain
Sun Mar 26, 2017 9:33 pm
Forum: Investing - Theory, News & General
Topic: Christine Benz's Three Bucket System
Replies: 77
Views: 8508

Re: Christine Benz's Three Bucket System

I'm now retired, several years away from taking Social Security at 70. My only external (non-portfolio) income in the meantime is a bit of deferred compensation for the next few years. I don't use anything like Benz's bucket scheme, only a small cash bucket for convenience, so that I need to make st...
by 22twain
Thu Mar 23, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: How did you do your income taxes?
Replies: 96
Views: 5161

Re: How did you do your income taxes?

I use TurboTax Premier, because I get a discount through my account at T. Rowe Price. Total cost for federal + state was about $50 this year.
by 22twain
Wed Mar 22, 2017 9:27 am
Forum: Investing - Theory, News & General
Topic: Very basic undertanding of taxable and tax-advantaged accounts
Replies: 12
Views: 862

Re: Very basic undertanding of taxable and tax-advantaged accounts

Oops, NYC_Guy beat me to it. Anyway... 1) The ROTH contribution limits ($6500) are lifted if I roll over all or part of my 401k to it, once retired? The contribution limit is still $6500. Contributions and rollovers are different things. Contributions are money that does not come from an IRA, 401k, ...
by 22twain
Sun Mar 19, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: At 66, how much is continued earned income helping my Social Security?
Replies: 13
Views: 1845

Re: At 66, how much is continued earned income helping my Social Security?

was disappointed to hear last year that the FICA income limit was going from $118,500 to $127,200. [OT comment removed by admin LadyGeek] We had a long thread about this a couple of weeks ago: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=212384 Bottom line: the increase was larger than ...
by 22twain
Sat Mar 18, 2017 9:41 am
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 224
Views: 19937

Re: How Bad was 2008, really?

I live in a small town out in the boonies. While driving to a "big city" about an hour away, I pass through a commercial strip on the outskirts of a somewhat larger town along the way. On one such trip in spring 2009, I thought, "wow, this place looks like a ghost town." At least...
by 22twain
Sat Mar 18, 2017 1:20 am
Forum: Personal Consumer Issues
Topic: Driving Savannah to New Orleans
Replies: 17
Views: 1157

Re: Driving Savannah to New Orleans

I've enjoyed (twice) the ferry across the mouth of Mobile Bay, from Fort Morgan to Dauphin Island. If you combine that with driving along Florida's Gulf coast, you should probably figure on two days from St. Augustine to New Orleans, with an overnight in the Pensacola area.
by 22twain
Mon Mar 13, 2017 10:09 pm
Forum: Personal Consumer Issues
Topic: Utility Bills - How do ours compare?
Replies: 44
Views: 3882

Re: Utility Bills - How do ours compare?

Small town in SC Approx 2000 sq ft, 2 people Monthly averages for 2016: Electricity $127 (includes kitchen appliances, water heater, and A/C in summer) Gas $63 (includes dryer, and heat in winter) Water $22 Sewer $53 Trash $13 Total $278 Winter high was $371 in February (more heat) Summer high was $...
by 22twain
Sun Mar 12, 2017 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: CREF variable annuity in 403(b) -- any reason to pay the high expense ratio?
Replies: 37
Views: 2518

Re: CREF variable annuity in 403(b) -- any reason to pay the high expense ratio?

Before rolling the money into an IRA, also consider if there are any benefits to keeping it in an employer plan, like being able to do a backdoor Roth. You might also want to look into any differences in legal protection against creditors or lawsuits, for money inside a 403(b) versus a rollover IRA...
by 22twain
Sat Mar 11, 2017 5:50 pm
Forum: Investing - Theory, News & General
Topic: Anyone sorry they used bonds when starting out
Replies: 94
Views: 7521

Re: Anyone sorry they used bonds when starting out

When I started my TIAA-CREF 403(b) accounts at my first teaching job 32 years ago, I set my contributions to 50% CREF Stock and 50% TIAA Traditional. Minor correction: this was actually more like 33-34 years ago. More important, it was in the early 1980s, after a long period of stock-market stagnat...
by 22twain
Sat Mar 11, 2017 11:49 am
Forum: Investing - Theory, News & General
Topic: Anyone sorry they used bonds when starting out
Replies: 94
Views: 7521

Re: Anyone sorry they used bonds when starting out

When I started my TIAA-CREF 403(b) accounts at my first teaching job 32 years ago, I set my contributions to 50% CREF Stock and 50% TIAA Traditional. They remained that way until I retired last December. Around 1999 I started to think, maybe I ought to change it to 75% CREF Stock. Then the dot-com b...

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