Search found 265 matches

by CnC
Tue Dec 12, 2017 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in my early 40s? Crazy or actually doable?
Replies: 70
Views: 7945

Re: Retire in my early 40s? Crazy or actually doable?

Retiring is a mistake, until you have nothing more to contribute. That is not a moral statement, but an individualistic one. Over the course of my career I have met many mentally and physically men aged well before their time do to early retirement. People think how nice it would be not to answer t...
by CnC
Tue Dec 12, 2017 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in my early 40s? Crazy or actually doable?
Replies: 70
Views: 7945

Re: Retire in my early 40s? Crazy or actually doable?

Retiring is a mistake, until you have nothing more to contribute. That is not a moral statement, but an individualistic one. Over the course of my career I have met many mentally and physically men aged well before their time do to early retirement. People think how nice it would be not to answer t...
by CnC
Tue Dec 12, 2017 9:13 am
Forum: Investing - Help with Personal Investments
Topic: 401K / Roth IRA Decision
Replies: 15
Views: 1176

Re: 401K / Roth IRA Decision

28% tax bracket + NJ state tax The 401k matches 3% and the expense ratio is 1.47 % for target date + a 1% fee on the account balance . S & P fund has an ER of 1% Idk how long planning on staying - but not leaving any time soon ... Small company, seems like a costly 401K. Still do up to match ? Defi...
by CnC
Mon Dec 11, 2017 8:59 am
Forum: Investing - Help with Personal Investments
Topic: 401K / Roth IRA Decision
Replies: 15
Views: 1176

Re: 401K / Roth IRA Decision

28% tax bracket + NJ state tax The 401k matches 3% and the expense ratio is 1.47 % for target date + a 1% fee on the account balance . S & P fund has an ER of 1% Idk how long planning on staying - but not leaving any time soon ... Small company, seems like a costly 401K. Still do up to match ? Defi...
by CnC
Fri Dec 08, 2017 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in my early 40s? Crazy or actually doable?
Replies: 70
Views: 7945

Re: Retire in my early 40s? Crazy or actually doable?

My question to you is "why" do you want to retire? What will you do on Monday's at 10am? Honestly I wonder about people who have trouble figuring out what to do with their lives without work. The simple fact that someone would rather sacrifice 8-10 hours a day of their life in exchange for money th...
by CnC
Fri Dec 08, 2017 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: Does a Boglehead ever time the market?
Replies: 64
Views: 3732

Re: Does a Boglehead ever time the market?

Would Mr Bogle really advocate a new investor to put his life savings into an index fund only to have 30 to 60% wiped out, potentially overnight. Surely in this case it would be wiser to wait. Or, is it economical to invest in an overpriced market? I realise that once you are on the ship it makes s...
by CnC
Fri Dec 08, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7175

Re: At what age your investments start making more money than you?

KlangFool wrote:
Fri Dec 08, 2017 12:13 pm
OP,

1) Hopefully, this year.

2) I am in the 50s.

KlangFool
Congrats.

I have been thinking 50's is the reasonable number that can happen. Of course unemployment would make hitting it much less fun but also much easier.
by CnC
Fri Dec 08, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7175

Re: At what age your investments start making more money than you?

...Snip... To play devil's advocate here. To reach a level of investing that the growth surpassed your household gross income there is a very high likelihood that they are investing > 40% of their house income. Thus their growth will likely be much greater that 2x their yearly spending. Examples of...
by CnC
Fri Dec 08, 2017 11:07 am
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7175

Re: At what age your investments start making more money than you?

Gross is the wrong bar to set, I am more interested in seeing gains of Xtimes retirement expenses. That plus contributions accelerates the time you need to work before you can voluntarily retire. Example, you need 500k to retire, your portfolio earns gains of $25k and you save $10k. You might only ...
by CnC
Fri Dec 08, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversions: how far should I go in 2017?
Replies: 15
Views: 1273

Re: Roth conversions: how far should I go in 2017?

Church lady, I would like to say, hold off on taking SS at 62. I am usually pro early filing, but it sounds like you have more than enough assets that you don't 'need' social security. Think about this. Delay Social security to 64 and use the additional 2 years to convert as much to Roth as possible...
by CnC
Fri Dec 08, 2017 10:21 am
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7175

Re: At what age your investments start making more money than you?

Gross is the wrong bar to set, I am more interested in seeing gains of Xtimes retirement expenses. That plus contributions accelerates the time you need to work before you can voluntarily retire. Example, you need 500k to retire, your portfolio earns gains of $25k and you save $10k. You might only ...
by CnC
Fri Dec 08, 2017 9:49 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Is Worried About U.S. Pensions
Replies: 80
Views: 7022

Re: Jack Bogle Is Worried About U.S. Pensions

Low interest is linked to low inflation. Pension won't adjust to inflation. So people would rather low inflation. Company would like high inflation cause pension liability is lower if the interest rate goes higher. Low interest is actually linked to Federal Reserve's monetary policy, at least in th...
by CnC
Fri Dec 08, 2017 1:25 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity charges to close accounts!
Replies: 54
Views: 19797

Re: Fidelity charges to close accounts!

I just helped a relative shift $1M+ of assets from Fidelity (stupefyingly complex active management) to Vanguard PAS. Fidelity charged a couple hundred dollars in fees to leave. Well worth it to terminate a predatory business arrangement IMO. Fidelity may offer some cheap index funds, but at heart ...
by CnC
Fri Dec 08, 2017 1:23 am
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5311

Re: What do Bogleheads say when they don't want to spend money?

Reading some of these replies: :shock: When your waiter asks if you want a soda with your meal, Do you tell the waiter, You are charging $2.50 for a fountain soda. This price is greatly inflated and not a sound economic purchase for me regardless of my financial situation. Or do you say, "No thanks...
by CnC
Thu Dec 07, 2017 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity charges to close accounts!
Replies: 54
Views: 19797

Re: Fidelity charges to close accounts!

Leif wrote:
Thu Dec 07, 2017 4:48 pm
Earl Lemongrab wrote:
Thu Dec 07, 2017 4:44 pm
Where's the evidence that it does that?
lws6772 wrote:
Wed Dec 06, 2017 6:04 pm
One of the reasons I've yet to open an account with Fidelity.

Said on a Bogle Heads forums. I'm sure there is no bias here at all...

If 1 single 50 dollar fee will make or break your financial planning you probably need some help.
by CnC
Thu Dec 07, 2017 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity charges to close accounts!
Replies: 54
Views: 19797

Re: Fidelity charges to close accounts!

I just helped a relative shift $1M+ of assets from Fidelity (stupefyingly complex active management) to Vanguard PAS. Fidelity charged a couple hundred dollars in fees to leave. Well worth it to terminate a predatory business arrangement IMO. Fidelity may offer some cheap index funds, but at heart ...
by CnC
Thu Dec 07, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7175

Re: At what age your investments start making more money than you?

Largely for entertainment, on one of my spreadsheets, I calculate investment growth per hour the US stock exchanges are open. Using personal total return over the last 31 years (8.25%), an 8 hour day, and 252 open exchange days per year, I can presently expect to "make" $100.15 per hour. I sometime...
by CnC
Thu Dec 07, 2017 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable Spending or Roth Conversions
Replies: 5
Views: 329

Re: Taxable Spending or Roth Conversions

Here is my plan keep living off of taxable keeping it at the maximum to not pay capital gains. If you have headroom between your total expenses and the top of 0% capital gains tax return roth convert that much. Then a few years pack as much into Roth conversions as you possibly can and stay below sa...
by CnC
Thu Dec 07, 2017 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7175

Re: At what age your investments start making more money than you?

If you mean when was the first time that happened, then, well, I'm 56 now and it probably happened the first time when I was in my early 40's. But since I invest in stock funds, it's guaranteed that there will years where my investments will make less money than I will at my allocation. Yea not ask...
by CnC
Thu Dec 07, 2017 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5311

Re: What do Bogleheads say when they don't want to spend money?

Reading some of these replies: :shock: Do you people really speak to others like that? In what universe is "I do not have the budget for that." A response anyone would give or expect when asked about a $10 a month streaming service. When your waiter asks if you want a soda with your meal, Do you tel...
by CnC
Thu Dec 07, 2017 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5311

Re: What do Bogleheads say when they don't want to spend money?

I think you are reading way way too much into this. No sane person should need to nor expect someone to say "I can not afford $9.99 a month" likewise no normal person should say I do not feel that the opportunity cost of Netflix is favorable to the potential growth I expect to experience by investin...
by CnC
Thu Dec 07, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7175

Re: At what age your investments start making more money than you?

If you mean when was the first time that happened, then, well, I'm 56 now and it probably happened the first time when I was in my early 40's. But since I invest in stock funds, it's guaranteed that there will years where my investments will make less money than I will at my allocation. Yea not ask...
by CnC
Thu Dec 07, 2017 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Why ORP-I suggests you spending down aft-tax saving 1st?
Replies: 29
Views: 2197

Re: Why ORP-I suggests you spending down aft-tax saving 1st?

Well one good thing about selling taxable first is that you can potentially keep your agi under 15% and pay no long term capital gains.
by CnC
Thu Dec 07, 2017 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7175

Re: At what age your investments start making more money than you?

This is a fun thing to think about when you start out, but doesn’t matter. What matters is how much you need to retire. If you are concerned about your investments making more than you do, you are setting yourself up for disappointment. One year they might, the next they may not and the next they m...
by CnC
Thu Dec 07, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7175

Re: At what age your investments start making more money than you?

When my investments start making more money than I do consistently will be either when, or sometime after, I retire in all likelihood. As when the growth of my money surpasses my income, it will also be well surpassing my spending so I'll have no reason to continue working.. Yea, but if you have 1 ...
by CnC
Thu Dec 07, 2017 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7175

At what age your investments start making more money than you?

Hey all CnC here and I just had a question for the older more well off Bogle Heads. How old were you when your investments Grew more in a year than your households 'Gross' income. We all know that making more money makes it easier to have a larger investment. But, this puts everyone on a more level ...
by CnC
Wed Dec 06, 2017 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: First post from this retiree with questions - my daughter sent me here!
Replies: 34
Views: 3818

Re: First post from this retiree with questions - my daughter sent me here!

I'll also chip in even though I am not adding anything new because when making decisions I know retirees like to hear many people saying the same thing. It boosts confidence :mrgreen: You are 67 and going to be forced to take RMD's Inna few years. No sense putting off feeling comfortable until then....
by CnC
Tue Dec 05, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 132
Views: 11671

Re: FIRE [financial independence/retire early]

Also retiring in 07/08 passed the fire test. That down turn was not enough to fail the 4% rule. If you retired in 07 and kept blindly withdrawing 4% by now you would be free and clear. Wow, so you have market data through the year 2037? Things might look good for those who retired in 2007, but to s...
by CnC
Mon Dec 04, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Family Finance Meeting Agenda
Replies: 23
Views: 2252

Re: Family Finance Meeting Agenda

When I think about the things that I have handled well in my finances, and areas that I need to improve one particular idea comes to the fore. Specifically, family finance meetings. For any of you that sit down regularly with your partner, I have a few questions: 1) How often do you sit down to tal...
by CnC
Mon Dec 04, 2017 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: The 4% rule, Firecalc and Human Nature
Replies: 86
Views: 5870

Re: The 4% rule, Firecalc and Human Nature

This is just a discussion, not an argument. As to your last two paragraphs, this is indeed something to consider. Many people on here, including me, tend to be pretty conservative on the numbers side, but there are qualitative factors as to why retiring early may be beneficial. Apologies if I ever ...
by CnC
Mon Dec 04, 2017 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: The 4% rule, Firecalc and Human Nature
Replies: 86
Views: 5870

Re: The 4% rule, Firecalc and Human Nature

Double post please ignore.
by CnC
Mon Dec 04, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 132
Views: 11671

Re: FIRE [financial independence/retire early]

Because the human mind is designed to adapt to reasonable goals and if you tell a 30 year old he will need 5.5 million to retire (40x) vs 3.5 million (25x) the chances of him saying well screw it im never going to retire anyway is much greater than the chances of him running out of money. I largely...
by CnC
Mon Dec 04, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: The 4% rule, Firecalc and Human Nature
Replies: 86
Views: 5870

Re: The 4% rule, Firecalc and Human Nature

I posted this in another fire thread that delt with the 4% rule . Based off of current SSA lifespan data the average 55 year old man only has a 39% chance of making it past 85. That means 61% of the time you will die before the 30 years are up. Lets say that the 4% rule only has a 90% success rate....
by CnC
Mon Dec 04, 2017 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: The 4% rule, Firecalc and Human Nature
Replies: 86
Views: 5870

Re: The 4% rule, Firecalc and Human Nature

I posted this in another fire thread that delt with the 4% rule . Based off of current SSA lifespan data the average 55 year old man only has a 39% chance of making it past 85. That means 61% of the time you will die before the 30 years are up. Lets say that the 4% rule only has a 90% success rate. ...
by CnC
Mon Dec 04, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 132
Views: 11671

Re: FIRE [financial independence/retire early]

[ I'm 50 and currently have assets to put me at 2.5% SWR or lower if home equity and future home downsize that seems likely counts. Not counting social security. May well retire next year, could very clearly retire "safely" now. No rainbows or unicorns needed for me. I'm not advocating, personally,...
by CnC
Mon Dec 04, 2017 10:24 am
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 132
Views: 11671

Re: FIRE [financial independence/retire early]

I will clarify for an American 4% is extremely safe. I'm sure many other less stable nations would require a much safer amount. I think the better wording than "is extremely safe" would be "historically was quite safe". The 4% study was a bit flawed in that success was reached by hitting $0 on the ...
by CnC
Mon Dec 04, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Regrets for taking SS at 62 or waiting?
Replies: 100
Views: 9198

Re: Regrets for taking SS at 62 or waiting?

Probably won't get a lot of responses from people who waited then died early.That could skew the results you receive. Well my dad took it at 62 and is extreamly happy. 2 of my coworkers had plenty of money yet worked untill 66+ and died within 2 years of retirement I can ask them but, I assume they...
by CnC
Mon Dec 04, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of going "back" to school nearing 40?
Replies: 22
Views: 2348

Re: Thinking of going "back" to school nearing 40?

For what it's worth, my grandfather went back and finished school in his late 50's. Kept working in his second career until into his early 90's. Yep exactly, there are outliers. Sounds like your grandfather found his calling. But assuming the op makes good money being a professional Fisherman. And ...
by CnC
Mon Dec 04, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of going "back" to school nearing 40?
Replies: 22
Views: 2348

Re: Thinking of going "back" to school nearing 40?

Honestly you need to look at the cost/benefit of going back to school. What is it you hope to achieve? What is it you hope to learn? How much personal time and money are you willing to invest? Are you doing this as a method of self improvement or a way to get ahead? As a college graduate let me assu...
by CnC
Sun Dec 03, 2017 10:46 am
Forum: Investing - Help with Personal Investments
Topic: The 4% rule, Firecalc and Human Nature
Replies: 86
Views: 5870

Re: The 4% rule, Firecalc and Human Nature

You are not missing anything. What you are seeing is people in a hysteria to be "safe" without stopping to think about how things work... retiring on nothing but a volatile portfolio places the retiree between the rock of not having enough and hard place of spending much less than one might have. I...
by CnC
Sun Dec 03, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 132
Views: 11671

Re: FIRE [financial independence/retire early]

Why is it that if people disagree with others on the internet they love to say things like you are denying reality! Rather than they simply disagree. A college grad is no where near as desired as a highly skilled 45 year old who has not been working for 1-2 years in my field. Also, who would wait t...
by CnC
Sat Dec 02, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 132
Views: 11671

Re: FIRE [financial independence/retire early]

Well I'm not hear to argue, :oops: but the 4% rule worked for the 1966 retiree. Despite record inflation. https://investingforaliving.us/2013/09/09/safe-withdrawal-rates-insist-on-1966/ I am just pointing out that every research paper I have read shows that 4% is extreamly safe if you are willing t...
by CnC
Sat Dec 02, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 132
Views: 11671

Re: FIRE [financial independence/retire early]

You are denying reality. A college grad is not remotely the same things as a 45-50 year old person who hasn't worked in their field for 5 years. Why is it that if people disagree with others on the internet they love to say things like you are denying reality! Rather than they simply disagree. A co...
by CnC
Fri Dec 01, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: The College Bubble - investment opportunities after the collapse?
Replies: 114
Views: 7689

Re: The College Bubble - investment opportunities after the collapse?

I don't see colleges going out of business. 1) there is lots of political gains through colleges and since they are spending the someone elses money I don't see them quitting. 2) Despite college actually teaching you very little, it does act as an indicator that by graduating with honors in 4 years ...
by CnC
Fri Dec 01, 2017 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 132
Views: 11671

Re: FIRE [financial independence/retire early]

You are denying reality. A college grad is not remotely the same things as a 45-50 year old person who hasn't worked in their field for 5 years. Why is it that if people disagree with others on the internet they love to say things like you are denying reality! Rather than they simply disagree. A co...
by CnC
Fri Dec 01, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 132
Views: 11671

Re: FIRE [financial independence/retire early]

Well if you retire at 45 and the market crashes before you are 50, congratulations you still have 15 years to work before normal retirement age. If you have a typical market first 5 years of retirement, congratulations you are set and now are withdrawing less than 4% and have a 100% success rate of...
by CnC
Fri Dec 01, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: I met my first Retirement Savings goal
Replies: 26
Views: 1988

Re: I met my first Retirement Savings goal

Congrats 32 here and I broke the 500k mark just last month.

Its a great feeling and you are well on track. You will marvel at how much more quickly that 1 turns into a 2.


Keep fighting the good fight. :beer
by CnC
Fri Dec 01, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 132
Views: 11671

Re: FIRE [financial independence/retire early]

Personally I think the 4% rule is much safer for someone retiring at 45 than someone retiring at 65. What! You might think, that the extra 20 years withdrawal would make 4% more risky. But in my opinion it makes it much LESS risky. The simple fact is that the 4% rule works +90% of the time and ±50% ...
by CnC
Fri Dec 01, 2017 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversions prior and after required minimum distributions.
Replies: 9
Views: 801

Re: Roth conversions prior and after required minimum distributions.

You can have a heck of a lot more than 75,000 and stay in the 15% bracket. It's closer to 100,000 after deductions Note that OP said 75,000 of taxable income, not gross. Perhaps you are right and he meant taxable income after all deductions. I myself refer to 'taxable' income as income that is taxe...
by CnC
Fri Dec 01, 2017 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversions prior and after required minimum distributions.
Replies: 9
Views: 801

Re: Roth conversions prior and after required minimum distributions.

You can have a heck of a lot more than 75,000 and stay in the 15% bracket. It's closer to 100,000 after deductions