Search found 338 matches

by CnC
Mon Feb 05, 2018 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Today was a Really Bad Day
Replies: 278
Views: 46512

Re: Today was a Really Bad Day

I'm actually ok with today and last week as long as it quits eventually. I'm 32 and I was tired of most of my investments being at ath.


Hopefully this ±10-15% correction will take the lid off the pot so it doesn't boil over and it won't go through a big long term crash.
by CnC
Mon Jan 29, 2018 2:02 pm
Forum: Investing - Theory, News & General
Topic: Wisdom of Bitcoin
Replies: 90
Views: 6850

Re: Wisdom of Bitcoin

I was a skeptic of bitcoin, until I watched this exteremely thoughtful video on the plusses and minuses of bitcoin. How could I have been so wrong. :shock: :oops: Link - https://www.youtube.com/watch?v=g-zIbVEjVpQ&feature=youtu.be Tip of the hat to Greg Mankiw for directing me to this bitcoin wisdo...
by CnC
Mon Jan 29, 2018 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Allocation Dilemma - Bonds or No Bonds, retiring 8 years @ 50y/o, w/ $ lasting to 90s.
Replies: 65
Views: 4551

Re: Allocation Dilemma - Bonds or No Bonds, retiring 8 years @ 50y/o, w/ $ lasting to 90s.

Yes, he's assuming a constant 8.74% growth every year in the charts. As if you had a savings account that gave you that exact return year after year, with no losses or variation. The way to factor volatility and divergent possible outcomes into a chart would be to show you the 90th to 10th percenti...
by CnC
Fri Jan 26, 2018 5:11 pm
Forum: Investing - Theory, News & General
Topic: Starting to feel like the late 1990s?
Replies: 145
Views: 12650

Re: Starting to feel like the late 1990s?

It's days like this that make me feel I have too much in bonds... or do some market timing :oops: I agree though.. it does feel frothy doesn't it? I will stay the course. Why? Because 2017 went nothing like what I had predicted. January 2018 has also gone nothing like I had predicted. So that conti...
by CnC
Fri Jan 26, 2018 4:45 pm
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 23682

Re: 401k millionaires

I wonder what percentage of people with access to a 401k are maxing it out though? It's got to be low single digits. The median household income in the US is ~$55k. As a family income there is no way most people can max out a 401k. Noone expects the "average" person to max out a 401k. But the top 1...
by CnC
Fri Jan 26, 2018 4:39 pm
Forum: Investing - Theory, News & General
Topic: Fidelity charging extra fee for Vanguard funds in 401k?
Replies: 31
Views: 2284

Re: Fidelity charging extra fee for Vanguard funds in 401k?

With all do respect, we here invest in the STOCK MARKET everything to do with it is a money grab. That's what for profit businesses do. There is a difference between profit-making and profiteering . If you create a revolutionary new cell phone, but it costs $700 -- I get it. If you sell cable and c...
by CnC
Thu Jan 25, 2018 3:43 pm
Forum: Investing - Theory, News & General
Topic: Fidelity charging extra fee for Vanguard funds in 401k?
Replies: 31
Views: 2284

Re: Fidelity charging extra fee for Vanguard funds in 401k?

I find the reaction of the Vanguard fans hilarious. Fidelity is not the one selecting the funds in your 401k. Your employer and/or a TPA are the ones selecting the funds. The custodian/record keeper is paid via some combination employer/employee/AUM fees and/or fund revenue sharing. No, but this is...
by CnC
Thu Jan 25, 2018 3:36 pm
Forum: Investing - Theory, News & General
Topic: Portfolio size needed to reach each tax bracket in retirement
Replies: 19
Views: 2491

Re: Portfolio size needed to reach each tax bracket in retirement

Here in another wrinkle arnt tax brackets adjusted for inflation?

Because most people asking about retirement tax brackets are not retired yet.
by CnC
Thu Jan 25, 2018 1:21 pm
Forum: Investing - Theory, News & General
Topic: Fidelity charging extra fee for Vanguard funds in 401k?
Replies: 31
Views: 2284

Re: Fidelity charging extra fee for Vanguard funds in 401k?

I'm not really sure what the issue is... If your plan is hosted by Fidelity yet all your money is invested in vanguard funds they are presumably out to make some money on it. It doesn't matter where the money gets invested, Fidelity is already making money off the plans--they don't administer 401(k...
by CnC
Thu Jan 25, 2018 12:59 pm
Forum: Investing - Theory, News & General
Topic: Fidelity charging extra fee for Vanguard funds in 401k?
Replies: 31
Views: 2284

Re: Fidelity charging extra fee for Vanguard funds in 401k?

I'm not really sure what the issue is... If your plan is hosted by Fidelity yet all your money is invested in vanguard funds they are presumably out to make some money on it. If vanguard is better why don't 401k plans host through vanguard? Every one has to make money. That's how businesses work. I ...
by CnC
Thu Jan 25, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 77
Views: 9103

Re: The Power of Working Longer

Agreed, I had a post locked on here just last week where I pointed out an article showing that pooling suggests only 31% of us housholds could afford a single suprise $1000 bill. It makes me some time wonder just how much of a bubble we in boggelheads are living. I'm planning on saving and retiring...
by CnC
Thu Jan 25, 2018 12:33 pm
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 77
Views: 9103

Re: The Power of Working Longer

"Still disturbing that a actual University would allow this published in their name because it spreads dangerous misinformation." I do agree - but - as terrible as their information may seem it appears that it may apply well to a larger majority of the current population. That actually scared me mo...
by CnC
Thu Jan 25, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 23682

Re: 401k millionaires

If I include my Rollover IRA that was built through a 401(k) plus my current 401(k), I am projecting an age 65 nominal balance of $3,902,828.13 given a 6% nominal growth rate and 2% inflation. That's $1,941,577.202 real (2018 dollars). If I include potential employee match it will be well over $4MM...
by CnC
Thu Jan 25, 2018 12:06 pm
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 77
Views: 9103

Re: The Power of Working Longer

This is just bad math. The people who created it should be ashamed that they would publish such blatant lies. They claim 6months = 1% savings? They are saying that retiring 5 years later will allow you to save 10% less of your salary per year. That is just fiction. I can assure you that if you can ...
by CnC
Thu Jan 25, 2018 11:51 am
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 23682

Re: 401k millionaires

I wonder what percentage of people with access to a 401k are maxing it out though? It's got to be low single digits. The median household income in the US is ~$55k. As a family income there is no way most people can max out a 401k. Noone expects the "average" person to max out a 401k. But the top 1...
by CnC
Thu Jan 25, 2018 11:45 am
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 77
Views: 9103

Re: The Power of Working Longer

I'm still really struggling with the fact noone has pointed out that basic math does not work in their favor. 6 months of extra work ≠ saving 1 % for 30 years. How am I the only one to poi t this out? I showed that as well above. An extra 1% return for 30 years is far more effective than working an...
by CnC
Thu Jan 25, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 77
Views: 9103

Re: The Power of Working Longer

I'm still really struggling with the fact noone has pointed out that basic math does not work in their favor.


6 months of extra work ≠ saving 1 % for 30 years. How am I the only one to poi t this out?
by CnC
Thu Jan 25, 2018 10:56 am
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 77
Views: 9103

Re: The Power of Working Longer

This is just bad math. The people who created it should be ashamed that they would publish such blatant lies. They claim 6months = 1% savings? They are saying that retiring 5 years later will allow you to save 10% less of your salary per year. That is just fiction. I can assure you that if you can r...
by CnC
Thu Jan 25, 2018 10:19 am
Forum: Investing - Help with Personal Investments
Topic: I am adjusting my portfolio, can I get sanity check, please?
Replies: 9
Views: 954

Re: I am adjusting my portfolio, can I get sanity check, please?

I am using Rick Ferri core four portfolio, 20% bonds. The market has been doing really well for the past seven years, and I am very happy with the progress. Now I have these options, stay 20% bonds, or increase my bond allocation to 30%. Both allocation will allow me to be financially independent r...
by CnC
Tue Jan 23, 2018 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 82
Views: 5944

Re: Should I buy a business or suck it up at a job(s) with a pension.

Thank you and I will. I know that last year he made $750,000.00 but 2008-2009 would be interesting. And I realize that I may not be able to duplicate those sales even his help and more importantly, what toll might running a car wash like his take on my family life, it's a seven days per week operat...
by CnC
Tue Jan 23, 2018 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Help me retire at 50!
Replies: 2
Views: 810

Re: Help me retire at 50!

You didn't post your current or expected living expenses. That is more important than anything else. I'll explain. You have 1.73m in net assets not counting home equity. That could support you retiring on 50k indexed for inflation a year from now on for the rest of your life. If you tell us your exp...
by CnC
Tue Jan 23, 2018 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of leaving my IRA split between my wife and sons
Replies: 6
Views: 624

Re: Thinking of leaving my IRA split between my wife and sons

The only way to protect assets from the nursing home is 5 years without your name on them. As far as I know.



You can't "give away" your IRA so your stuck paying for your care.
by CnC
Tue Jan 23, 2018 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: A 4-5% rebalance to bonds barely budges risk/return
Replies: 43
Views: 3539

Re: A 4-5% rebalance to bonds barely budges risk/return

Honestly anything from 60/40 to 90/10 are basically the same. You are talking about average growth differences of ±1% between a 100/0 and a 60/40 portfolio. Bonds are to hedge bets, they are for when the risk of loss outweighs the benifits of gain. Squeamish stomach risk of loss outweighs the benifi...
by CnC
Tue Jan 23, 2018 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Job offer - no 401k offered
Replies: 34
Views: 3763

Re: Job offer - no 401k offered

I took my job mainly for the pension. Benifits are a huge factor in choosing your employer. Because I chose not to chase the highest $$ I am now vested in a pension that is extreamly generous. Couple that with our modest living we will be able to retire between 45 and 55 tepending on market returns ...
by CnC
Tue Jan 23, 2018 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Job offer - no 401k offered
Replies: 34
Views: 3763

Re: Job offer - no 401k offered

Traditional IRA. Negotiate increased salary to compensate for lack of employer match and tax deferral benefits. Keep looking for a job with better benefits. If you have any consulting gigs or side income, you can do solo 401k and contribute nearly all of that money. Agreed. Assuming you can save en...
by CnC
Tue Jan 23, 2018 12:08 am
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 82
Views: 5944

Re: Should I buy a business or suck it up at a job(s) with a pension.

"...stay at my current job till I’m 55 and then retire with full medical and that would also allow my wife to retire at 50 and call it a day......but that’s another 8 years. Which I could contribute to my 457 and Roth IRA.... . . . . run from the car wash idea . . . . as fast as you would run from ...
by CnC
Mon Jan 22, 2018 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 82
Views: 5944

Re: Should I buy a business or suck it up at a job(s) with a pension.

Best of luck I hope we were not too rough on you.

Glad you are looking into this with your wife communication is very important!
by CnC
Mon Jan 22, 2018 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 82
Views: 5944

Re: Should I buy a business or suck it up at a job(s) with a pension.

Hey Vinny one question that has no negativity for a change :mrgreen: Is your pension imrf? If so it's pretty well funded. That is a plus. It sounds similar to my pension but I'm not a leo so I can't punch out at 50. Followed by more negativity. Sorry can't help it. :oops: I still question the possib...
by CnC
Mon Jan 22, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 82
Views: 5944

Re: Should I buy a business or suck it up at a job(s) with a pension.

Wow 5000 return a week (5000x52) $260,000 profit a year on $800,000 I'm fairly certain only playing black jack or Bitcoin can you hope for that kind of return.
by CnC
Mon Jan 22, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 82
Views: 5944

Re: Should I buy a business or suck it up at a job(s) with a pension.

I to will chime in with you are an adult as an adult you are expected to choose the right thing over what could be fun. Choosing a carwash over punching the clock for 8 more years to be guaranteed easy Street is crazy. If you want crazy go ahead but it would be like choosing a 22 year old you met on...
by CnC
Mon Jan 22, 2018 12:25 pm
Forum: Investing - Theory, News & General
Topic: likely date for a bitcoin crash: does this make sense to you?
Replies: 114
Views: 10123

Re: likely date for a bitcoin crash: does this make sense to you?

Someone I know (who seems to have been pretty succesful in money management) pointed out the following, when asked about Bitcoin: 'There are certain times in the year: Tulips – first week of September 1637 Wall Street 1929 - September 3rd Gold 1980 - January 21st UK Tech mania 1999 - December 31st ...
by CnC
Thu Jan 18, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Can We Retire in Hawaii? Please Critique
Replies: 146
Views: 13530

Re: Can We Retire in Hawaii? Please Critique

Be sure you have a plan B in case things don’t work out and you and wife could get jobs and find another place you want to live. Good luck! I'm planning for the worst-case financial scenario, which is us not working again. The truth is, my wife wants to do something. She's a lawyer by trade, but cu...
by CnC
Thu Jan 18, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Can We Retire in Hawaii? Please Critique
Replies: 146
Views: 13530

Re: Can We Retire in Hawaii? Please Critique

Last critique. Not going to say you can or can't, you want to and seem to be willing to make it work. I'm not versed in us military pensions, but what sort of shape would your wife be in if you happen to pass away in the next 10-15 years. It may be unlikely but it's something to think about and perh...
by CnC
Thu Jan 18, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Exit strategy for bitcoin
Replies: 72
Views: 5186

Re: Exit strategy for bitcoin

Interested in how this plays out.
by CnC
Wed Jan 17, 2018 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Can We Retire in Hawaii? Please Critique
Replies: 146
Views: 13530

Re: Can We Retire in Hawaii? Please Critique

Regardless of if the Op can do it or should do it I think k he was at least provided "how" to do it. Figure your budget in Hawaii make sure you put your down payment out of taxable. Make sure you have enough in taxable to account t for overruns and payments for 6 years. Start a Roth ladder and in 5 ...
by CnC
Tue Jan 16, 2018 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Are we in an Index fund bubble? Are we irrationally overlooking individual stock analysis?
Replies: 18
Views: 2770

Re: Are we in an Index fund bubble? Are we irrationally overlooking individual stock analysis?

I too have thought about this. That must mean that neither you nor I are unique. So one could argue others must think the same. One also has to assume some of the others believe they can make more money picking stocks rather than index investing. The only question then is, how many stock pickers doe...
by CnC
Tue Jan 16, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can We Retire in Hawaii? Please Critique
Replies: 146
Views: 13530

Re: Can We Retire in Hawaii? Please Critique

You need to give us more numbers if you want math questions answered. Let's assume your 70k expenses a year takes into account all the increase in expenses from moving to Hawaii as well as expenses of kids growing up. If you get an 700k loan (assume 100k down) Your new yearly expenses is around $110...
by CnC
Tue Jan 16, 2018 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Can We Retire in Hawaii? Please Critique
Replies: 146
Views: 13530

Re: Can We Retire in Hawaii? Please Critique

Average single house construction cost in Honolulu is $760 per square foot, so for $500,000 you are looking at a 640 square foot house. Doing it yourself will be somewhat less, but permits and materials will, as you know, be quite dear. Also, building to earthquake & hurricane code can be a bit tri...
by CnC
Tue Jan 16, 2018 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring at 46 - Need Help with Allocation
Replies: 10
Views: 1547

Re: Retiring at 46 - Need Help with Allocation

That does not seem like a reasonable expectation.


You certainly can get $120,000 a year with a reasonably safe location but it simply isn't a realistic goal to withdraw that much a year.
by CnC
Mon Jan 15, 2018 9:01 am
Forum: Personal Consumer Issues
Topic: Looking for a reasonably priced, safe international destination
Replies: 107
Views: 6657

Re: Looking for a reasonably priced, safe international destination

Jamaica always jamaca I love that place. If you do one of the family friendly all inclusives it's extremely reasonable and everyone speaks English.
by CnC
Fri Jan 12, 2018 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: A " Bond Tent" During the "Retirement Red Zone?"
Replies: 59
Views: 5957

Re: A " Bond Tent" During the "Retirement Red Zone?"

What I don't understand is why people don't just keep 10 years expenses in bonds and withdrawal 100% from equities. Once a bear market hits start withdrawal 100% from bonds. I don't believe there has been a time in American history where the market is significantly lower than it was 10 year prior ....
by CnC
Fri Jan 12, 2018 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: 401K high fees, no match - don't use it? Backdoor Roth instead...
Replies: 24
Views: 1138

Re: 401K high fees, no match - don't use it? Backdoor Roth instead...

Sorry for not being clear in my original post where I mentioned that I receive profit sharing contributions every year in my employer profit sharing retirement plan. I receive around $15k per year from my employer. I can't contribute to this plan. This plan has the same investment options and fees ...
by CnC
Fri Jan 12, 2018 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: A " Bond Tent" During the "Retirement Red Zone?"
Replies: 59
Views: 5957

Re: A " Bond Tent" During the "Retirement Red Zone?"

What I don't understand is why people don't just keep 10 years expenses in bonds and withdrawal 100% from equities. Once a bear market hits start withdrawal 100% from bonds. I don't believe there has been a time in American history where the market is significantly lower than it was 10 year prior. I...
by CnC
Fri Jan 12, 2018 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: A " Bond Tent" During the "Retirement Red Zone?"
Replies: 59
Views: 5957

Re: A " Bond Tent" During the "Retirement Red Zone?"

I started reading the article then hit this and wondered if this is really true for folks who are saving 35%-50% of their gross income now that the kids are gone. I wonder what percentage contributions would have to be for him to consider them meaningful? And they are also covering expenses for an ...
by CnC
Fri Jan 12, 2018 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Help me stop my addiction to stock market peeping!
Replies: 66
Views: 4627

Re: Help me stop my addiction to stock market peeping!

I say checking is good.


But do my method.

Only check when the market goes us. When it goes down pretend like you don't know that and ignore it.
by CnC
Fri Jan 12, 2018 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: 401K high fees, no match - don't use it? Backdoor Roth instead...
Replies: 24
Views: 1138

Re: 401K high fees, no match - don't use it? Backdoor Roth instead...

Sorry for not being clear in my original post where I mentioned that I receive profit sharing contributions every year in my employer profit sharing retirement plan. I receive around $15k per year from my employer. I can't contribute to this plan. This plan has the same investment options and fees ...
by CnC
Fri Jan 12, 2018 9:10 am
Forum: Personal Consumer Issues
Topic: Is this solar panel bid reasonable?
Replies: 47
Views: 2562

Re: Is this solar panel bid reasonable?

I have decided (I think) to purchase solar panels for a home in Colorado (great sun exposure). Want to take advantage of federal investment tax credit before it expires (30% through 2019, then starts decreasing). I received two bids: (a) LG 350 W panels, total 7.7kW system. It would produce 8162 kW...
by CnC
Fri Jan 12, 2018 8:32 am
Forum: Investing - Help with Personal Investments
Topic: 401K high fees, no match - don't use it? Backdoor Roth instead...
Replies: 24
Views: 1138

Re: 401K high fees, no match - don't use it? Backdoor Roth instead...

Do you think the backdoor Roth or 401k would be a better option for this money? By that you mean "backdoor Roth or traditional 401k", correct? That adds another facet: your marginal rate now vs. your expected marginal rate in retirement. See the '401k vs Taxable' tab in the personal finance toolbox...
by CnC
Thu Jan 04, 2018 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: After tax 401k mega Roth conversation timing.
Replies: 4
Views: 251

After tax 401k mega Roth conversation timing.

I just found out that my wife as access to after tax 401k contributions and they allow either in service withdrawal or in service roll overs. She had to speak to the advisor since it is hers through her work so I don't know the exacts. But the guy from Fidelity knew about Roth conversions and compli...
by CnC
Wed Jan 03, 2018 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Age In Bonds after 65 with 25X, 35X, 50X ??? Your Approach?
Replies: 35
Views: 2970

Re: Age In Bonds after 65 with 25X, 35X, 50X ??? Your Approach?

We will have multiple streams of income: pension, two SocSec checks, plus investment income. Our plan is to be age - 20 in bonds at retirement (we're at age - 35 right now). We will hold at a 60/40 split in retirement, since we consider the pension and Social Security incomes to provide the FI port...