Search found 971 matches

by 22twain
Wed Jan 18, 2017 12:48 am
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 9140

Re: How much do you typically spend in a restaurant?

Last week my wife and I went out for dinner for my birthday. We live in a VLCOL area (small town in the South). We went to a seafood restaurant out by the Interstate and paid about $30 total including tip, no beverage besides water. We each took half our food home, by the way. We've been to this pl...
by 22twain
Mon Jan 16, 2017 10:49 pm
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 9140

Re: How much do you typically spend in a restaurant?

Today I went to a locally-owned pizza place for lunch. The buffet is normally $8 (plus tax and tip). On Mondays, seniors like me pay $6. Today I got it for free thanks to my "buffet club" card with ten punches from previous visits. 8-)
by 22twain
Sun Jan 15, 2017 12:37 am
Forum: Investing - Help with Personal Investments
Topic: Cardinal Sin - went to cash the day before 2016 election
Replies: 56
Views: 6144

Re: Cardinal Sin - went to cash the day before 2016 election

But, it was virtually certain that one of the 2 leading contenders would win...and the date of the outcome was also certain. So, if the markets didn't care who won, then there was no uncertainty in the outcome - so, wouldn't the markets have priced this virtual certainty before the election day? II...
by 22twain
Fri Jan 13, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Predicting future Net Worth
Replies: 31
Views: 4035

Re: Predicting future Net Worth

I did visit the firecalc website but did not see anything about Net Worth projections. The only graph it shows is "year-by-year portfolio balances", which is exactly what a net worth projection is. If you're not retired yet, you can even go to the "Not Retired?" tab and put extr...
by 22twain
Fri Jan 13, 2017 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Mother's Recent Death: Helping Father with Retirement
Replies: 17
Views: 2095

Re: Mother's Recent Death: Helping Father with Retirement

It is often suggested that a grieving person not do any unneccesary decisions in about the first year. This might mean putting most of the money into a bank savings or short-term CD for a while. A short-term bond fund at a place like Vanguard would be fine for now. I agree, don't rush. Have him mak...
by 22twain
Fri Jan 13, 2017 2:03 am
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 9140

Re: How much do you typically spend in a restaurant?

Last week my wife and I went out for dinner for my birthday. We live in a VLCOL area (small town in the South). We went to a seafood restaurant out by the Interstate and paid about $30 total including tip, no beverage besides water.
by 22twain
Tue Jan 10, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to build passive income
Replies: 45
Views: 4289

Re: How to build passive income

Buy index funds. Buy some with every paycheck. Set it up for automatic buys. Then sit back and slowly make money. Don't forget to reinvest the dividends. :wink: This shows my retirement account balance and accumulated contributions. (Don't ask about the vertical scale.) It's a bit out of date. Righ...
by 22twain
Sat Jan 07, 2017 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Index Funds - ETFs - Are you ready to grumble?!
Replies: 10
Views: 813

Re: Index Funds - ETFs - Are you ready to grumble?!

If my taxable account were at Vanguard, I'd be perfectly happy with holding Total Stock Market et al. as mutual funds (Admiral shares). As others have noted, mutual funds are simpler to work with than ETFs. However, I started my taxable account at T. Rowe Price and was too lazy to move, so I set up ...
by 22twain
Sat Jan 07, 2017 12:00 am
Forum: Investing - Help with Personal Investments
Topic: Anybody else Age - 10 in bonds, rest in stocks
Replies: 58
Views: 3874

Re: Anybody else Age - 10 in bonds, rest in stocks

Age 63, 53% "bonds", 47% stocks.

(where "bonds" includes TIAA Traditional Account, Total Bond Market ETF, a CD and some cash.)
by 22twain
Fri Jan 06, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 252
Views: 15545

Re: Annual Vacation Budget

We don't do resort vacations. Our style is domestic road trips and an occasional budget-style European trip where we spend about a third of the time staying with friends. Usually about 2-3 weeks for $2K-3K, 2 people, once per year. Now that I'm completely retired, I'll take more short solo hobby-rel...
by 22twain
Thu Jan 05, 2017 11:21 am
Forum: Investing - Help with Personal Investments
Topic: Don't Shoot. Questioning 401k
Replies: 28
Views: 2966

Re: Don't Shoot. Questioning 401k

You are avoiding taxes at your highest marginal rate right now. Let's say that's 28%. When you withdraw, you will withdraw starting at an effective rate of 0%. Then 10%, then 15% then 25%, etc. as you withdraw enough to move up through the tax brackets. That's a good point. I never thought to calcu...
by 22twain
Mon Jan 02, 2017 11:37 am
Forum: Personal Consumer Issues
Topic: Audiophiles help me with setup
Replies: 48
Views: 3438

Re: Audiophiles help me with setup

Input ->24 bit/192Khz music CD -> encode into a lossless format like FLAC. With 24 bit / 192 KHz, I suspect you're referring to the recording and mastering stages, rather than the final product, which must be 16 bit / 44.1 kHz according to the CD standard. IIRC 24/192 is indeed pretty much the stan...
by 22twain
Mon Jan 02, 2017 10:51 am
Forum: Investing - Help with Personal Investments
Topic: What are your portfolio/investments?
Replies: 38
Views: 2434

Re: What are your portfolio/investments?

Almost 63, just retired. Percentages rounded to nearest 5% Tax-deferred 403(b) at TIAA: 30% TIAA Traditional Account, basically a stable-value fund, currently returning > 4%, guaranteed minimum 3% 40% CREF Stock Account (which in turn is 70% domestic, 30% int'l) Roth IRA 5% Vanguard Total Stock Mark...
by 22twain
Mon Jan 02, 2017 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Generating income from my portfolio
Replies: 9
Views: 1309

Re: Generating income from my portfolio

Taxable = $120K; TIRA = $400K; Roth = $140K. How old are you? That is, how long will it be before you can withdraw from the TIRA and Roth without penalty? What other income streams, if any, will you have later on? Social Security? Pension? My point is, if your IRAs and other income streams are larg...
by 22twain
Sun Jan 01, 2017 1:20 pm
Forum: Personal Consumer Issues
Topic: Scenic train trip?
Replies: 21
Views: 1638

Re: Scenic train trip?

Wow. Interesting suggestions. I would love to see the Canadian Rockies. Has anyone taken any NY based trains? I wonder if NY to Chicago is on a nice route? Amtrak's Lake Shore Limited runs via Albany, Buffalo and Cleveland. The stretch along the Hudson River is very scenic, especially near West Poi...
by 22twain
Sun Jan 01, 2017 12:57 pm
Forum: Personal Consumer Issues
Topic: Scenic train trip?
Replies: 21
Views: 1638

Re: Scenic train trip?

There is a trip through the Canadian Rockies that goes I think from Vancouver to Banff. That's the Rocky Mountaineer , a privately-operated luxury train, sort of a cruise ship on rails. There's also VIA Rail's Canadian , a "normal" train with sleepers, that takes a different route through...
by 22twain
Sat Dec 31, 2016 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should we itemize or take the standard deduction?
Replies: 8
Views: 652

Re: Should we itemize or take the standard deduction?

Don't forget property tax and state income tax are both deductible on your Federal return. I hear you folks in Texas pay a lot of property tax. Just add up everything you can deduct and see if it comes out above or below the standard deduction. In TurboTax, I enter everything and let it make the dec...
by 22twain
Sat Dec 31, 2016 10:11 am
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2016!
Replies: 230
Views: 26359

Re: Roll Call for the Retirement Class of 2016!

Class of 2016 as of 31 Dec 2016 Currently, 63 members. If you want to add yourself retroactively to the class of 2016, or correct an entry, please post in this thread. At some point I'll post an updated list if needed. 01 Jan - nonurseorpurse 10 Jan - Misenplace (56) 20 Jan - Arichcrook 31 Jan - in...
by 22twain
Sat Dec 31, 2016 1:01 am
Forum: Personal Consumer Issues
Topic: What's your usual retirement day like ?
Replies: 195
Views: 40947

Re: What's your usual retirement day like ?

Tomorrow is retirement day #1 after 36.75 years with FedGov. You normally worked on Saturday? :P My last day at work was Friday Dec. 16, but that was the beginning of our normal holiday break. My first real day of retirement will be this coming Tuesday, which is when I would have had to go back to ...
by 22twain
Tue Dec 27, 2016 12:50 am
Forum: Investing - Theory, News & General
Topic: Remember what it was like before the recession?
Replies: 81
Views: 8119

Re: Remember what it was like before the recession?

I've seen plenty of posts where people mention what it felt like during the 2008/2009 market crash, but I've heard very few people talk about what it felt like before that. It seemed like no investment was cheap and inflation was running away. During the early 2000s, inflation was higher than it is...
by 22twain
Tue Dec 20, 2016 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Moved to the USA one year ago, how to build credit?
Replies: 12
Views: 830

Re: Moved to the USA one year ago, how to build credit?

patrick wrote:You can check your US credit report for free once a year with https://www.annualcreditreport.com/


Actually, you can check it for free three times per year, once for each of the participating credit-reporting agencies.
by 22twain
Sun Dec 18, 2016 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: How much cash do you keep?
Replies: 103
Views: 8663

Re: Retirees: How much cash do you keep?

I generally have about 6-12 months of expenses in cash. Right now I'm at the 12-month level because I recently sold some ETF shares to rebalance, fund my Roth IRA and top off my cash. I do this mainly as a matter of convenience so I need to sell shares only once or twice per year. Most of the cash i...
by 22twain
Tue Dec 13, 2016 6:57 am
Forum: Investing - Theory, News & General
Topic: How to work a minimum wage job, retire a multimillionaire, and leave your grandchildren multibillionaires
Replies: 17
Views: 2546

Re: How to work a minimum wage job, retire a multimillionaire, and leave your grandchildren multibillionaires

CAsage wrote:At what age you having these children? If you leave them assets at 70, they probably won't live 50 years after that!

Unless you're Mick Jagger, in which case you probably aren't earning minimum wage anyway. :wink:
by 22twain
Sun Dec 11, 2016 8:11 am
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2016!
Replies: 230
Views: 26359

Re: Roll Call for the Retirement Class of 2016!

[List updated on 31 Dec 2016 - see below]
by 22twain
Thu Dec 08, 2016 7:04 am
Forum: Investing - Help with Personal Investments
Topic: Schwab retirement quote on 4 mil. Advice??? Can I do better?
Replies: 29
Views: 4598

Re: Schwab retirement quote on 4 mil. Advice??? Can I do better?

Est. Rate of return- 5.1% In one conversation the Schwab person quoted .7% as their annual management "fee". Assuming for the sake of argument that the 5.1% return is correct (it's at least a plausible long-run figure), that fee would be about 14% of your returns. How happy would you be i...
by 22twain
Wed Dec 07, 2016 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: Academia female professional seeking your suggestion
Replies: 47
Views: 7317

Re: Academia female professional seeking your suggestion

Three months have passed and there was no increase overall in my account except that the FSTVX was 3% up while the other two are both 2-3% down. So there seem to be the same balance as before. Three months is really too short to observe any long-term trends in the market. Here are my daily totals s...
by 22twain
Tue Dec 06, 2016 9:07 pm
Forum: Personal Consumer Issues
Topic: Eclipse viewing
Replies: 34
Views: 1868

Re: Eclipse viewing

People who are thinking of traveling to the eclipse zone need to figure out what they're going to do about lodging, if they haven't yet. I read somewhere a few months ago (maybe even in another thread here) that most or all of the hotels along the I-26 corridor in South Carolina are already booked up!
by 22twain
Mon Dec 05, 2016 3:43 am
Forum: Personal Consumer Issues
Topic: Smartphone for a low techie
Replies: 18
Views: 1578

Re: Smartphone for a low techie

Apple doesn't sell the iPhone 5s any more, but you can get good deals on new ones from third-party sellers. For example, Consumer Cellular has the 5s for $160, plus monthly usage fees (no contract). The biggest potential "gotcha" is that the 5s is now three years old, which means it may be...
by 22twain
Wed Nov 30, 2016 11:59 pm
Forum: Personal Consumer Issues
Topic: another New York rental question
Replies: 39
Views: 2423

Re: another New York rental question

Sometime during the past year I read an article in New Yorker magazine about buildings that have been converted into something sort of like suite-type college dormitories, but not as Spartan. Each person (or couple) gets a private bedroom and (I think) bathroom, but everyone on a floor shares a livi...
by 22twain
Mon Nov 28, 2016 10:56 am
Forum: Investing - Help with Personal Investments
Topic: $ 4 mil. after bs. sale. Redeploy & Portfolio advice?
Replies: 29
Views: 3372

Re: $ 4 mil. after bs. sale. Redeploy & Portfolio advice?

the idea is to do nothing because the 8-10 year market cycle will "self correct?" and have higher peaks over time. Is this correct??? :confused Rather counter-intuitively, it turns out that shifting investments between asset classes (e.g. between stocks and bonds, or stocks in different i...
by 22twain
Tue Nov 22, 2016 4:34 pm
Forum: Personal Consumer Issues
Topic: Bowling alley in the basement
Replies: 30
Views: 3086

Re: Bowling alley in the basement

Over $100K for a decent one: http://www.fusionbowling.com/pricing/ Unless you're going to use it really often, you could probably save a bit of money by dispensing with the machinery and hiring a kid (yours or someone else's) to set the pins and roll the ball back. Or just have the players take tur...
by 22twain
Sat Nov 19, 2016 12:15 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2016!
Replies: 230
Views: 26359

Re: Roll Call for the Retirement Class of 2016!

[List updated on 11 Dec 2016 - see below.]
by 22twain
Fri Nov 11, 2016 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Help for former check to check and drowning in debt 30 yr old!
Replies: 15
Views: 1948

Re: Help for former check to check and drowning in debt 30 yr old!

Mutual funds are funds that hold a collection of stocks. The cheapest mutual funds (generally) are called index funds. They hold many stocks. Advisors are people who charge you for advice. You don't need one. They may sell you mutual funds, or they may try to sell you something else. To make it mor...
by 22twain
Tue Nov 08, 2016 11:09 pm
Forum: Personal Consumer Issues
Topic: Which state to move for milder weather
Replies: 118
Views: 12719

Re: Which state to move for milder weather

Anyway, how much difference is there in summertime heat/humidity and wintertime cold/snow between the Hendersonville/Greenville area and the coast near Wilmington? Hendersonville is more like Asheville than Greenville. There's about a 1200' drop in elevation going from H'ville to G'ville. The TV st...
by 22twain
Sat Nov 05, 2016 1:55 am
Forum: Personal Consumer Issues
Topic: Visiting San Francisco
Replies: 21
Views: 1742

Re: Visiting San Francisco

Muir Woods is one of my favorite places to visit when I'm in SF. You would need uber, lyft or car to visit. It appears that is true this time of year. However, during the summer tourist season it is possible to visit Muir Woods via public transportation: http://www.marintransit.org/routes/66.html W...
by 22twain
Sat Oct 29, 2016 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: 65 and 63 year old - retirement question (non-investment)
Replies: 21
Views: 2345

Re: 65 and 63 year old - retirement question (non-investment)

$8K (Him starting January 3, 2017 when he turns 66. This is the Social Security spousal benefit only - he is delaying until 70) I'm sorry to inform you the rules for filing for SS spousal benefits changed last year. A "restricted application" for spousal SS while delaying one's own SS is ...
by 22twain
Sat Oct 29, 2016 3:24 am
Forum: Personal Finance (Not Investing)
Topic: retirement readiness = residual living expenses + funding the gap?
Replies: 56
Views: 6542

Re: retirement readiness = residual living expenses + funding the gap?

Suppose that one wants to, instead of calculating "The Number" needed to fund a given level of retirement spending, calculate what spending can be safely done for a given portfolio given that SS will be kicking in in N years. You can use Firecalc for this. On the "Start Here" ta...
by 22twain
Thu Oct 27, 2016 2:30 am
Forum: Personal Consumer Issues
Topic: Family Calendar
Replies: 19
Views: 1386

Re: Family Calendar

soboggled wrote:How we do it:
1. Buy a big calendar.
2. Hang it in the kitchen.
3. Write stuff in it.


+1
by 22twain
Wed Oct 26, 2016 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Spent too much?
Replies: 36
Views: 7691

Re: Spent too much?

If you turn things around now and start saving, you have plenty of time to catch up for retirement. I didn't start saving seriously until after I finished my Ph.D., started my first "real" job, and became eligible for a 401k-like retirement plan at the ripe old age of 30. At that time I ha...
by 22twain
Sun Oct 23, 2016 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: I think it's final approach
Replies: 21
Views: 3676

Re: I think it's final approach

I read his $3500 per month as grand total for everything: $2446 + $505 + ($550 to $650).
by 22twain
Tue Oct 18, 2016 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA traditional: annuity vs. RMD
Replies: 7
Views: 894

Re: TIAA traditional: annuity vs. RMD

This also meets IRS RMD requirements. The amount ("principal") that is annuitized is not subject to the RMD requirement, because it's not part of your account balance after the annuity income stream begins. If you annuitize part of your account, then the remaining balance is subject to th...
by 22twain
Thu Oct 13, 2016 8:29 am
Forum: Investing - Theory, News & General
Topic: Retirees: Where are you going for income?
Replies: 102
Views: 15153

Re: Retirees: Where are you going for income?

If you are retired, don't you need some income to live on? I understand you can sell appreciated securities to generate income, but what do you do in a sustained down market? That's what my bonds (funds) and other fixed-income stuff are for. If my stocks (funds) are above my target allocation to th...
by 22twain
Mon Oct 03, 2016 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: 4 year graduation rate
Replies: 16
Views: 1955

Re: 4 year graduation rate

At the college where I work, it's common for athletes to stick around for a fifth year of eligibility.
by 22twain
Sat Oct 01, 2016 7:16 am
Forum: Local Chapters and Bogleheads Community
Topic: How Did You Become A Boglehead? What Led You Here?
Replies: 138
Views: 10381

Re: How Did You Become A Boglehead? What Led You Here?

When I inherited some money from my mother several years ago, I invested it in T. Rowe Price mutual funds because my father had been with TRP, and I saw they had a reputation for low-ish expenses. This was enough money to give me a free Morningstar subscription as a perk, so I started reading the Mo...
by 22twain
Thu Sep 29, 2016 4:05 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2016!
Replies: 230
Views: 26359

Re: Roll Call for the Retirement Class of 2016!

Retiring at the end of this year, shortly before my 63rd birthday. Last day at work is Dec. 16. This is the beginning of our normal Christmas / New Year holiday break, so I won't actually feel like I'm retired until Jan. 2. :wink:
by 22twain
Thu Sep 29, 2016 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement based on not on #, but healthcare?
Replies: 62
Views: 4544

Re: Retirement based on not on #, but healthcare?

Our large academic employer has a very good retiree health insurance plans for those retiring in the next <relatively large number> years. We need to get Medicare at that time. (Prior to that, we only needed to sign up for Medicare A when reaching 65.) A few years ago, they announced a lesser plan ...
by 22twain
Fri Sep 23, 2016 8:34 pm
Forum: Personal Consumer Issues
Topic: OTA Antenna
Replies: 19
Views: 2355

Re: OTA Antenna

Some broadcasters may move from the UHF frequencies to the VHF frequencies, so whatever antenna you buy now may be suboptimal in a couple years. If you start with a UHF antenna (which is what that "square array" sounds like, e.g. a Channel Master 4224 or 4228), and you need better VHF cap...
by 22twain
Fri Sep 23, 2016 9:25 am
Forum: Personal Consumer Issues
Topic: OTA Antenna
Replies: 19
Views: 2355

Re: OTA Antenna

Antenna rotator. Second link did remind me that antenna rotators are still available. Maybe add an antenna rotator to your mother's antenna and teach her to point it to the correct direction. As scanning for channels depends upon signal strength (antenna pointing direction) this too could be a prob...
by 22twain
Fri Sep 23, 2016 8:32 am
Forum: Investing - Theory, News & General
Topic: Understanding cliches we hear often for the newbie investor
Replies: 7
Views: 834

Re: Understanding cliches we hear often for the newbie investor

Johnnie wrote:"dead cat bounce" always makes me smile.

Me too... also "bunny market".
by 22twain
Sun Sep 18, 2016 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: What do people mean when they say taxable account? Confused...
Replies: 21
Views: 2581

Re: What do people mean when they say taxable account? Confused...

Unforunately, humans, unlike Vulcans (e.g. Mr. Spock) are not logical. Deal with it. :(

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