Search found 2446 matches

by Christine_NM
Sun May 21, 2017 6:47 pm
Forum: Investing - Theory, News & General
Topic: What % of your income have you converted to wealth?
Replies: 132
Views: 15341

Re: How many Bogleheads have investment assets that exceed their cumulative lifetime earned income?

Where can you calculate lifetime earning adjusted for inflation? I use the index values from Social Security for calculating benefits. See page two of this pdf: https://www.ssa.gov/pubs/EN-05-10070.pdf I've recorded all of my SS wages in a spreadsheet by year, and periodically update the index valu...
by Christine_NM
Sun May 21, 2017 10:29 am
Forum: Investing - Theory, News & General
Topic: What % of your income have you converted to wealth?
Replies: 132
Views: 15341

Re: How many Bogleheads have investment assets that exceed their cumulative lifetime earned income?

Where can you calculate lifetime earning adjusted for inflation? Usually I use the BLA inflation calculator, but that would be incredibly tedious.

I started at less than $100 a week net, and supported myself living in Boston. That is the same as $40k/yr gross today. The dollars are not the same.
by Christine_NM
Sat May 20, 2017 12:40 pm
Forum: Investing - Theory, News & General
Topic: Interesting conversation with an alleged SS actuary
Replies: 55
Views: 3340

Re: Interesting conversation with an alleged SS actuary

OK, to be precise, no life annuities sold to individuals or couples is unisex. 8-) BobK :wink: Charitable gift annuity rates are unisex. They are based on "a 50/50 blended rate of male and female mortality" according to http://acga-web.org . I know you mean commercial products, but blanke...
by Christine_NM
Sat May 20, 2017 11:21 am
Forum: Personal Consumer Issues
Topic: What goes in your smoothie?
Replies: 43
Views: 2022

Re: What goes in your smoothie?

For pink smoothie, frozen cherries and berries mix, Gk yogurt and water

For green smoothie, fresh kale spinach mix, banana, kefir

I'm going to try beet juice next.
by Christine_NM
Thu May 18, 2017 2:53 pm
Forum: Personal Consumer Issues
Topic: Neighbor draining onto / flooding my patio and yard daily - what can I do?
Replies: 59
Views: 4594

Re: Neighbor draining onto / flooding my patio and yard daily - what can I do?

^^ Some landscapers only do drainage, structural work like retaining walls, etc., no plants. I had a good one dig out my front garden, put in two retaining walls and flagstone walkway, and under the walkway a french drain to the street. This is not the lawncare type of landscaper. Mine had a minimum...
by Christine_NM
Fri May 12, 2017 12:47 pm
Forum: Investing - Theory, News & General
Topic: Rob Arnott [buy emerging market equities vs. US stocks]
Replies: 40
Views: 2921

Re: Rob Arnott

If I were "very worried" about US stocks, I'd put new money in Treasurys, not emerging markets. That's Asset Allocation 101. Recognize that all financial media is aimed at selling you something, not in rational discussion of your alternatives. Sometimes, starting something new, it is hard ...
by Christine_NM
Sun May 07, 2017 12:19 am
Forum: Investing - Help with Personal Investments
Topic: Need help with 73 year old FIL's portfolio - Bond/Fixed Inc
Replies: 8
Views: 901

Re: Need help with 73 year old FIL's portfolio - Bond/Fixed Inc

Consider immediateannuities.com. I looked up a quote for single life annuity (73 yo male in CA) with payments delayed 2 years to account for 2 more years of work. If he could "invest" $250k in an annuity he would get $2000/month for life. With limited money for investment and no time for g...
by Christine_NM
Sat May 06, 2017 1:09 am
Forum: Investing - Theory, News & General
Topic: Are indexed funds overblown?
Replies: 89
Views: 6518

Re: Are indexed funds overblown?

I watched the interview. Winters ignores the fact that a stock index will exist over time with different constituent stocks. This is a difficult concept to get across unless you have owned an index fund and watched the top holdings change. I remember being surprised when Apple showed up in the top t...
by Christine_NM
Fri May 05, 2017 3:38 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 17888

Re: Why save so much for when you're old?

OP - Invest you must. The sooner you start, the less of your lifetime income you need to invest. PJW -- yes, I too am grateful to my younger self. I didn't know anything, I just saved because no one else would do it for me. Sometimes I wondered if I would be alive at 60 but I see that comment so oft...
by Christine_NM
Thu May 04, 2017 4:58 pm
Forum: Personal Consumer Issues
Topic: Where to Live on $60K or Less a Year?
Replies: 213
Views: 17813

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

Albuquerque and Santa Fe can be treated as one entity. They are a pleasant hour's drive on I-25 apart. I live in ABQ and go to Santa Fe once a month, usually lunch, museum, opera, or Bishop's Lodge weekend. Which one you live in depends on if you prefer a small town (pop. 70k) or a medium city (550k...
by Christine_NM
Wed May 03, 2017 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 211
Views: 16307

Re: Buying a luxury car (how dumb would it be to do this?)

I vote for the Highlander. Keep the dream of a BMW alive -- do not actually buy one. At least until you own your home free and clear. That mortgage is a killer. ETA - I mean, nothing wrong with BMW that I know of, but you probably enjoy thinking about a BMW more than you would enjoy owning it. And w...
by Christine_NM
Mon May 01, 2017 2:35 pm
Forum: Investing - Theory, News & General
Topic: Are we all forgetting our taxable accounts?
Replies: 79
Views: 9603

Re: Are we all forgetting our taxable accounts?

I paid down a 30 yr mortgage in 15 years while saving in an IRA and 401k. The maximum contributions were a lot lower then, and the interest rates were higher. But I started on a taxable mutual fund account as soon as I burned that mortgage and got back from a celebratory Hawaii trip. It grew fast an...
by Christine_NM
Sun Apr 30, 2017 4:36 pm
Forum: Investing - Theory, News & General
Topic: Myopic Loss Aversion
Replies: 14
Views: 1396

Re: Myopic Loss Aversion

In other words, if the theory of "Myopic Loss Aversion" is true, then you would become more sad and less happy as a consequence of literally nothing happening. Doesn't sound absurd to me at all. Don't we expect something to happen? The pants are not good example, you own both pockets. But...
by Christine_NM
Sun Apr 30, 2017 2:31 pm
Forum: Personal Consumer Issues
Topic: Buy condo now, or wait a few years and then enter CCRC?
Replies: 25
Views: 2080

Re: Buy condo now, or wait a few years and then enter CCRC?

In your place I would not try to create a new life just because the house is big. I have discovered the wonders of hiring people to do things. Not just yard and snow, but housework and laundry (avoid those basement steps at all costs) too. So, I'd stay put with help until ready for the CCRC.
by Christine_NM
Sun Apr 30, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with regret
Replies: 102
Views: 8604

Re: Dealing with regret

I've made mistakes, financial and otherwise, but always find it easier to move on than to blame a particular "mistake" for today's troubles. As livesoft implied, loss of appetite and poor sleep does not sound like simple regret about a decision made over 8 years ago, particularly when you ...
by Christine_NM
Fri Apr 28, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: A Morbid Subject
Replies: 20
Views: 2568

Re: A Morbid Subject

In my experience the older you are, the less you fear your own death. You may fear the death of loved ones, illness, and disability more, but not your own death. This is only me and I certainly do not speak for anyone else. Read up on death and dying. The more you know about something, the less you ...
by Christine_NM
Thu Apr 27, 2017 8:11 pm
Forum: Investing - Theory, News & General
Topic: Vanguard has switched to brokerage only accounts
Replies: 106
Views: 9605

Re: Vanguard has switched to brokerage only accounts

^^ Thank you, Kyle. Good to know. This is the only reason Vanguard could get me to agree to upgrade. Of course they could reaccommodate me without my consent, but you know how that sort of thing worked for United Airlines.
by Christine_NM
Thu Apr 27, 2017 5:51 pm
Forum: Investing - Theory, News & General
Topic: Vanguard has switched to brokerage only accounts
Replies: 106
Views: 9605

Re: "Invited" to change to Vang Brokerage

You get $500k in SIPC coverage with the brokerage account. Does anyone know if this is $500k for all accounts a customer holds at one institution, or is it $500k limit per brokerage account (IRA, Roth, taxable, etc.) per customer? I found Vanguard's page on account protection, but it is really vagu...
by Christine_NM
Thu Apr 27, 2017 12:39 am
Forum: Personal Consumer Issues
Topic: Bed comforter for spring / summer / fall in Maine
Replies: 13
Views: 801

Re: Bed comforter for spring / summer / fall in Maine

I like https://thecompanystore.com , specifically the lacrosse comforter in various weights. LL Bean is the same idea and almost as good.
by Christine_NM
Wed Apr 26, 2017 12:33 am
Forum: Investing - Help with Personal Investments
Topic: Very minor and possibly silly question about MMF exchange in tIRA
Replies: 14
Views: 508

Re: Very minor and possibly silly question about MMF exchange in tIRA

If you might want the mmf in the future, leave it nonzero. Nine cents is good. To open a mmf you would have to deposit $3000. See viewtopic.php?f=1&t=43168
by Christine_NM
Sat Apr 22, 2017 4:50 am
Forum: Personal Consumer Issues
Topic: Terminal Cancer Diagnosis for 5 year old: What would you do?
Replies: 32
Views: 5605

Re: Terminal Cancer Diagnosis for 5 year old: What would you do?

Agree that the most important thing is to stay in contact without interrupting family time. That's a difficult diplomatic maneuver. Friends often drift away from families with cancer because they do not know what to do or say. So stay in contact. Not sure about the make a wish idea. Something more m...
by Christine_NM
Fri Apr 21, 2017 8:27 pm
Forum: Personal Consumer Issues
Topic: My Doctor says I am "unusual" (declining some blood tests)
Replies: 51
Views: 6923

Re: My Doctor says I am "unusual" (declining some blood tests)

If you are unusual (in a good way) then I am too. My oncologist orders all the lab work and other docs can look at the EMR -- but I won't let anyone stick me routinely, as if routine tests (CMP, CBC, Thyroid screen, CA markers) were not already being done regularly. But if I were going in with new s...
by Christine_NM
Thu Apr 20, 2017 2:29 am
Forum: Personal Finance (Not Investing)
Topic: take pension or not..Help?
Replies: 12
Views: 1565

Re: take pension or not..Help?

^^ Thanks for the info. I guess we still don't know about OP situation.
by Christine_NM
Wed Apr 19, 2017 12:23 pm
Forum: Personal Consumer Issues
Topic: Improving my Math Skills
Replies: 27
Views: 3125

Re: Improving my Math Skills

I had to write a route optimization code once. I used the algorithm in my operations research (aka management science) textbook. I too think you might benefit from an operations research course more than advanced math. It's more fun too.
by Christine_NM
Mon Apr 17, 2017 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: All in with Balanced Index fund
Replies: 33
Views: 3398

Re: All in with Balanced Index fund

Congrats on pulling the trigger. Of course you can also own an international fund in any type of account in addition to VBINX. Why is it not more popular? No one is pushing it. Each investor has to discover it. I'd say it is certainly becoming more popular on this forum along with index funds in gen...
by Christine_NM
Mon Apr 17, 2017 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: take pension or not..Help?
Replies: 12
Views: 1565

Re: take pension or not..Help?

^^ My pension amount is based on hours worked. If spouse quits now pension most probably freezes and should be taken immediately. I believe that is the usual arrangement. Employers do not increase compensation after you quit. Of course, this may be different but I read it as continue work to get hig...
by Christine_NM
Sun Apr 16, 2017 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Why invest in International Index Fund?
Replies: 39
Views: 3501

Re: Why invest in International Index Fund?

Why have international markets lagged in prices? Part of it is the continued increase in the strength of the US dollar. Share prices for international are lower when valued in a stronger currency (US$) than their native one. When the dollar gets weaker, possibly by design, international funds will ...
by Christine_NM
Sun Apr 16, 2017 12:30 pm
Forum: Investing - Theory, News & General
Topic: Emergency Fund: 125% Wellesley or 100% Limited-Term MUNIs?
Replies: 22
Views: 1549

Re: Emergency Fund: 125% Wellesley or 100% Limited-Term MUNIs?

...Wellesley is not a good choice for a taxable account for a person in a high bracket... Wouldn't my after-tax return be larger with Wellesley compared to Limited-Term and to our current Ally Savings at 1%? Thanks Ha! That's a good point, Lt. C. But you should not be looking for investment return ...
by Christine_NM
Sat Apr 15, 2017 12:50 pm
Forum: Personal Consumer Issues
Topic: How does family of 4 spend $1,500/mo on groceries?
Replies: 25
Views: 1936

Re: How does family of 4 spend $1,500/mo on groceries?

You realize that 1500/mo for 4 for 3 meals a day x 30 days/month comes to $4.25/meal/person? Not extravagant.

I shop at trader joes for myself and the expense is the same proportionally, about 90-100 per week. A couple of years ago it was about $77, but prices have crept up a little.
by Christine_NM
Thu Apr 13, 2017 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: 529/son got accepted to medical school whahoooo!
Replies: 30
Views: 3320

Re: 529/son got accepted to medical school whahoooo!

Cash for anything less than 5 years. You know that, right?

You want more stocks, add to your taxable account.
by Christine_NM
Tue Apr 11, 2017 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for my divorced mother (not sure to sell/not sell house)
Replies: 32
Views: 2478

Re: Advice for my divorced mother (not sure to sell/not sell house)

If it were me, I'd sell the house before it needed major repairs, but meanwhile keep it as long as there is stable rental income and she has not decided where else she would live. Once the house was sold I'd put $500k into an immediate annuity. Keep the rest in cash and CD's. Any job income would he...
by Christine_NM
Sat Apr 08, 2017 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone else own balanced index fund? [vbinx]
Replies: 26
Views: 3332

Re: Anyone else own balanced index fund? [vbinx]

I started investing in this fund in 2002 and now, after more investing and reinvesting dividends, it's over a million. I can't see much point in reinvesting dividends anymore, unless the price falls precipitously, so I take them in cash now. The biggest advantage of VBINX is that I stopped worrying ...
by Christine_NM
Thu Apr 06, 2017 2:17 pm
Forum: Personal Consumer Issues
Topic: Help on how to spend more on myself (First World Whine)
Replies: 93
Views: 5638

Re: Help on how to spend more on myself (First World Whine)

Stop the charitable donations for a while? See how that affects you. It is a little strange that you donate but have trouble spending small amounts on yourself. So try breaking your spending pattern and then rebuilding it. Another possibility: If those $200-$1500 items will soon end up lightly used ...
by Christine_NM
Wed Apr 05, 2017 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: TLH Partner -> Questions for TLH expert (Livesoft and others)
Replies: 17
Views: 989

Re: TLH Partner -> Questions for TLH expert (Livesoft and others)

^^ Then OP must add "use spec id lots" to the plan. Otherwise, sales are FIFO and purchases within 30 days before and after TLH will create wash sales. I've never bothered with spec id lots so have had to consider the 30 days before. A small wash sale is not a dealbreaker, just reduces the...
by Christine_NM
Wed Apr 05, 2017 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: TLH Partner -> Questions for TLH expert (Livesoft and others)
Replies: 17
Views: 989

Re: TLH Partner -> Questions for TLH expert (Livesoft and others)

The tricky part is remembering purchases made within 30 days BEFORE or after the date of taking the loss: "The wash-sale rule states that your tax write-off will be disallowed if you buy the same security, a contract or option to buy the security, or a “substantially identical” security, within...
by Christine_NM
Tue Apr 04, 2017 9:26 am
Forum: Investing - Help with Personal Investments
Topic: VBIAX
Replies: 5
Views: 650

Re: VBIAX

LifeStrategy Moderate Growth is 60s/40b with lots of international.
by Christine_NM
Mon Apr 03, 2017 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: IS 200k household income "middle income" these days? Has that threshold increased?
Replies: 42
Views: 2827

Re: IS 200k household income "middle income" these days? Has that threshold increased?

Maybe inflation is right around the corner? Wage inflation means competition for employees. Classically, I think wage inflation suggests we are near full employment, and from there we get no increase in growth, so the most likely next economic stop is recession or at best a soft landing. Hard to te...
by Christine_NM
Mon Apr 03, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Young-ish bogleheads: How much (if any) social security do you expect in retirement?
Replies: 88
Views: 4485

Re: Young-ish bogleheads: How much (if any) social security do you expect in retirement?

I'm in my 70s and all my life people (boomers, mostly) have been predicting they will get no Social Security retirement benefit. It seems to be a rite of passage. First you think by the time you are that old SS will surely be history. Then you start retirement planning and count on a partial amount,...
by Christine_NM
Fri Mar 31, 2017 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity advisor said I invested in too much S&P 500 at once for my portfolio; DCA it?
Replies: 75
Views: 4114

Re: Fidelity advisor said I invested in too much S&P 500 at once for my portfolio; DCA it?

Congratulations on paying off the mortgage. That is a big step toward retirement. Your advisor isn't making any sense. The plan to take an $800 short term (taxable at ordinary rate) gain and DCA is, in a word, nuts. Stay invested. If we have a nice pullback in the summer or fall, use it to buy more ...
by Christine_NM
Fri Mar 31, 2017 12:42 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Balanced Index Fund In Retirement?
Replies: 20
Views: 2798

Re: Vanguard Balanced Index Fund In Retirement?

Based on this thread I was running PV and, as always, the time period matters a lot.

VBINX looks like a loser when you start in 2000. I moved the start year to 2004, my retirement year, and suddenly everything looked different. Beware back testing.
by Christine_NM
Thu Mar 30, 2017 5:11 pm
Forum: Personal Consumer Issues
Topic: Health Insurance two states NY and NM
Replies: 8
Views: 686

Re: Health Insurance two states NY and NM

My Mom moved from Mass to NM and kept her same fee-for-service Medicare with Blue Cross Medigap. All went smoothly. But it sounds like you are not quite Medicare-age yet?

If you end up on Medicare in NM, consider Presbyterian Medicare Advantage.
by Christine_NM
Thu Mar 30, 2017 1:53 pm
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 187
Views: 25814

Re: John Bogle on international

Nibbana -

Find the episode of W$W on Youtube and we will believe you. Otherwise, I too think you misheard or misremembered. Perhaps he said 50% of the world's market cap is outside the US, but without a vid I don't believe he ever recommended 50% international to a general audience.
by Christine_NM
Tue Mar 28, 2017 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 4890

Re: Daughter maxed out credit cards, needs help from me

Grt2bOutdoors wrote:Now I know who's picking up the restaurant bills at the hotspots in NYC - it's the bank of Mom and Dad! :oops:


You did not know this already?
by Christine_NM
Tue Mar 28, 2017 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 4890

Re: Daughter maxed out credit cards, needs help from me

Scratching my head, too. Sons are undeserving of $28k/year in support!?! :wink: JT The point is, if I really need to spell it out for you, that young people tend to be underpaid and so not make enough to live in a HCOL situation without getting into debt. The IRS lets each person give any other per...
by Christine_NM
Tue Mar 28, 2017 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 4890

Re: Daughter maxed out credit cards, needs help from me

If she has a job that does not pay a decent wage, gift her some money ($28k or less) each year. Some women are lucky enough to get by with that extra family support, rather than suffer all their lives and get a lump sum at the end. Parents should support their adult daughters with an annual stipend...
by Christine_NM
Tue Mar 28, 2017 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 4890

Re: Daughter maxed out credit cards, needs help from me

Agree with KlangFool. I get no sense from OP of what your daughter is like, how she got into debt, or that your plan would help at all. As a former daughter, there were a few times in my younger life when I was desperate for money but had learned never to ask my parents for it. They never helped and...
by Christine_NM
Tue Mar 28, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: How to easily organize personal finances
Replies: 31
Views: 2501

Re: How to easily organize personal finances

I would be lost without my spreadsheets. I start a new one each year (copy the old one and clear out the old year transactions). I track asset allocation, portfolio accounts, income and tax estimate for current year on one page. I keep Decembers and delete other months. There is a page for each mont...
by Christine_NM
Tue Mar 21, 2017 2:42 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard IRA Acceptance Letter
Replies: 4
Views: 358

Re: Vanguard IRA Acceptance Letter

I'd just call Vanguard. IIRC you fill out a Vanguard form that provides Vgd with the info to make the request. Stand back and let the pros duke it out. It is all over in a few weeks. You don't want to slow things down by being in the middle of the process.
by Christine_NM
Tue Mar 21, 2017 2:20 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard IRA Acceptance Letter
Replies: 4
Views: 358

Re: Vanguard IRA Acceptance Letter

You would not need to ask for the letter. You would call Vanguard to initiate the rollover and this is the type of letter Vanguard would send to your plan.
by Christine_NM
Sun Mar 12, 2017 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Forced role change, what would you do?
Replies: 38
Views: 2728

Re: Forced role change, what would you do?

I learned in business school that your job belongs to the employer, not to you, and an employer does not exist for your amusement. You are put where you are needed and if you are lucky and work at it, it will not be so bad. Anyway it is too soon to quit. You can always leave if it does not work out....

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