Search found 308 matches

by CyclingDuo
Sun Apr 23, 2017 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 49
Views: 3695

Re: Any regrets living a frugal life for high income/high networth individuals?

I am Top 5th percentile networth for my age group (40-49) and top 2-3% income with no debt thanks to being frugal and being a boglehead now for 10 yrs. We drive > 8 yr old cars and have a remodeled but modest house In a middle to upper middle class area worth about 650k. We can afford a house twice...
by CyclingDuo
Sat Apr 22, 2017 9:49 am
Forum: Investing - Theory, News & General
Topic: Why are pensions revered, but annuities reviled?
Replies: 77
Views: 4521

Re: Why are pensions revered, but annuities reviled?

I read lots of stuff about the good old days when everyone had a pension, but at the same time whenever anyone brings up annuities people's blood starts to boil. I don't get it. It seems to me that upon retirement, converting some portion of your retirement account into an single-premium immediate ...
by CyclingDuo
Sat Apr 22, 2017 9:29 am
Forum: Investing - Help with Personal Investments
Topic: A few questions about International... VXUS, VEA, VWO... low returns
Replies: 13
Views: 771

Re: A few questions about International... VXUS, VEA, VWO... low returns

Hi everyone, Thanks to this forum I have learned a lot over the past few weeks, eliminated a number of funds from my portfolio (PDBZX, MWTRX, VNQ) and my U.S. stock and bond portions are nice and simple. I am still debating on what to do with International. I don't like International (0.56% annual ...
by CyclingDuo
Sat Apr 22, 2017 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Help for Dividend Loving Widow
Replies: 13
Views: 1748

Re: Help for Dividend Loving Widow

Be prepared for the possibility that your mom might have a hard time letting go of individual stocks that your father bought. It isn't necessarily rational, but I think it's a fairly common emotional response, particularly while still grieving. It's very common. Whether one is dealing with a spouse...
by CyclingDuo
Sat Apr 22, 2017 8:11 am
Forum: Investing - Help with Personal Investments
Topic: 401K Expense Ratio
Replies: 7
Views: 757

Re: 401K Expense Ratio

So the 401K plan at my current employer offers only investments with high expense ratios. I'm currently investing in the S&P500 Index fund that's offered, which has a 1.38 expense ratio. I believe .40 of the 1.38 is billed directly to our employer as "Record Keeping" charges. If this ...
by CyclingDuo
Sat Apr 22, 2017 7:17 am
Forum: Investing - Help with Personal Investments
Topic: Hi I'm going to open up a taxable account
Replies: 10
Views: 975

Re: Hi I'm going to open up a taxable account

I was wondering what would be a good solid portfolio. I maxed Roth IRA and have no 401k offered. I have an emergency fund and just 2 years maxed out Roth and I'm 47 thank you. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 There are options depending on what you have in your Roth IRA...
by CyclingDuo
Fri Apr 21, 2017 7:13 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe : Integrated Investment Plan
Replies: 35
Views: 6277

Re: Larry Swedroe : Integrated Investment Plan

^ in current dollar$ or future inflated dollar$. :confused If you were talking to us, that was In today's dollars. Running a couple of quote services for our current ages, cost for a semi private as well as a single room in California, using 4 years as the duration of requiring LTC (basing it on th...
by CyclingDuo
Thu Apr 20, 2017 9:56 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe : Integrated Investment Plan
Replies: 35
Views: 6277

Re: Larry Swedroe : Integrated Investment Plan

Your LTC premiums would average over $50,000 per year for 30 years, is that correct? That sounds extreme. My wife and I started it a few years ago in our early 40s. Our combined premiums are about $1200/yr. I would expect it to be cheaper starting younger, but not by a factor of 40. My bad. Edited ...
by CyclingDuo
Thu Apr 20, 2017 7:47 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe : Integrated Investment Plan
Replies: 35
Views: 6277

Re: Larry Swedroe : Integrated Investment Plan

http://www.etf.com/sections/index-investor-corner/swedroe-integrated-investment-plan-key "Having a well-thought-out investment plan is a critical part of the financial planning process. However, it’s only the necessary condition for likely success. The sufficient condition is to integrate the ...
by CyclingDuo
Wed Apr 19, 2017 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Periodic Investing and Wanting the Market to Drop
Replies: 28
Views: 2963

Re: Periodic Investing and Wanting the Market to Drop

Hello, I have read countless times that if you are routinely and periodically investing in a market that you should be happy when that market drops because you start to get shares at a cheaper price. I struggle to wrap my head around that philosophy and am hoping for your help to understand it. I r...
by CyclingDuo
Wed Apr 19, 2017 6:10 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA or 403(b)??
Replies: 3
Views: 286

Re: Roth IRA or 403(b)??

Scenario: Age: 26 Goal: to set up a retirement investment account Employer offers a 403(b) with no match My question: 1) Would it be better to open up a Vanguard Roth IRA or take advantage of the deferred tax with the 403(b)?? 2) A this young age, should the asset allocation be all stocks or a mix?...
by CyclingDuo
Tue Apr 18, 2017 6:20 am
Forum: Investing - Help with Personal Investments
Topic: Too much inheritance to handle. Advice needed
Replies: 89
Views: 9536

Re: Too much inheritance to handle. Advice needed

I get saddened reading such scumbaggery. What makes you think that this is without a doubt, scumbaggery? I don't know nearly as much as most of you do, but everyone is saying get out. What are the red flags that you see and everyone else is seeing? THe read red flag that I saw was the fees attached...
by CyclingDuo
Mon Apr 17, 2017 9:12 am
Forum: Personal Consumer Issues
Topic: Cost Creep and Teen and College Years?
Replies: 52
Views: 3397

Re: Cost Creep and Teen and College Years?

I'm surprised no one has mentioned their kids working summers or afterschool for their money. When I was growing up, my parents paid for food and clothing (and obviously housing and utilities), but I never got an allowance or any money for recreation. Well, at least I didn't get it from my family, ...
by CyclingDuo
Mon Apr 17, 2017 8:01 am
Forum: Personal Consumer Issues
Topic: Donations to charity for 2016 tax year (and 2017)...
Replies: 9
Views: 1044

Re: Donations to charity for 2016 tax year (and 2017)...

We also gave 5% of our AGI in 2016. As Jebmke suggested, we use a Donor Advised Fund and the 5% figure is the amount we requested to be granted to various charities in 2016. If you add the 100% charitable matching that my company offers, charities got an amount that is equal to 10% of my AGI. In ad...
by CyclingDuo
Sun Apr 16, 2017 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Public School Teacher: Need help with 403b
Replies: 41
Views: 1739

Re: Public School Teacher: Need help with 403b

That being said, 403b plans are all considered annuity plans. Even those that have the options of underlying mutual funds. All 403b plans are not annuity plans. The generic 403b plans that are sold in the K-12 world can be either annuity based or mutual fund based. There’s a big difference. If annu...
by CyclingDuo
Sun Apr 16, 2017 2:09 pm
Forum: Personal Consumer Issues
Topic: Donations to charity for 2016 tax year (and 2017)...
Replies: 9
Views: 1044

Donations to charity for 2016 tax year (and 2017)...

We were curious, having just completed our taxes and looking at who we gave to, and how much we gave, etc... what other Bogleheads did in 2016 tax year? We read the Fool.com article, and evidently the latest data for charitable donations available lags by a couple years as the Fool's article used th...
by CyclingDuo
Sun Apr 16, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 10532

Re: My kids don't care about saving

Anybody else struggle with adult children who just don't care about saving? I have 4 children ages 24-30, they all have decent paying jobs but when I talk with them about contributing a small percentage to a Roth it falls on deaf ears. I have even gone as far as setting up ROTHS at VG and funded th...
by CyclingDuo
Sun Apr 16, 2017 10:34 am
Forum: Investing - Theory, News & General
Topic: Any avid users/haters of the Acorns platform?
Replies: 9
Views: 1469

Re: Any avid users/haters of the Acorns platform?

I have not personally used Acorns but I have counseled a few friends to avoid it. I would not say I identify as a "hater" though. Here is my rationale for suggesting that people look elsewhere: 1) Their costs are high on a ratio basis for micro accounts (arguably this is valid as they are...
by CyclingDuo
Sun Apr 16, 2017 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Question on managing own 403b
Replies: 25
Views: 1287

Re: Question on managing own 403b

So you are probably paying an annual fee of at least 2% to 3.5%, depending on which fund (subaccount) you are in. And no one goes to jail. :shock: Correct. However, if we all drove to Ameriprise HQ in Minnesota and robbed them at gun point - we'd all go to jail. :wink: We loathe Ameriprise with a h...
by CyclingDuo
Sun Apr 16, 2017 8:59 am
Forum: Investing - Help with Personal Investments
Topic: Public School Teacher: Need help with 403b
Replies: 41
Views: 1739

Re: Public School Teacher: Need help with 403b

If you are only setting aside $3,000/year, ditch the rip-off artists in your 403b plans and put that into a Traditional IRA with a provider like Vanguard. You'll get the same tax benefits as you would from the 403b without the rip-off fees. If you were setting aside something more than the contribu...
by CyclingDuo
Sat Apr 15, 2017 9:35 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Is Growing Faster Than Everybody Else Combined]
Replies: 33
Views: 1529

Re: NYT article on Vanguard

dont forget, Bogle thinks Fidelity wont exist in 5 years... Did he say that? Is there a link to a quote? It's hard to imagine the two largest fund companies - Vanguard, and Fidelity - both not being around in 5 years. http://www.investmentnews.com/gallery/20161207/FREE/120709999/PH/largest-mutual-f...
by CyclingDuo
Sat Apr 15, 2017 9:27 am
Forum: Investing - Theory, News & General
Topic: Any avid users/haters of the Acorns platform?
Replies: 9
Views: 1469

Re: Any avid users/haters of the Acorns platform?

You should also look into an Acorns competitor called "Clink". They are actually cheaper than Acorns. Acorns is quite expensive when your account is small and in the long run will always be more expensive than Clink. Acorns however may give you a bit more portfolio flexibility. I made a t...
by CyclingDuo
Sat Apr 15, 2017 8:34 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Is Growing Faster Than Everybody Else Combined]
Replies: 33
Views: 1529

Re: NYT article on Vanguard

Lot's of people seem to be defending Fidelity on this thread. I don't doubt they are a great place to have your money. But, the owner is worth $14 billion https://www.forbes.com/profile/abigail-johnson/?list=forbes-400/women, so she got her money from somewhere, i.e. her customers. What are people'...
by CyclingDuo
Sat Apr 15, 2017 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Roth During Children Years?
Replies: 14
Views: 1422

Re: Roth During Children Years?

kjv, also note that those expense ratios in your 501k, which are excellent, are not the only costs. 401k costs http://www.marketwatch.com/story/9-things-you-need-to-know-about-401k-fees-2014-07-08 401k up to the match, then IRA or Roth, then back to 401k with what's left. Paul Personally, with the ...
by CyclingDuo
Sat Apr 15, 2017 8:02 am
Forum: Investing - Help with Personal Investments
Topic: Quick Help - Your traditional IRA contributions are disallowed due to your AGI...
Replies: 18
Views: 1022

Re: Quick Help - Your traditional IRA contributions are disallowed due to your AGI...

Taxable investing is often better than non-deductible IRA. Understood. I wanted to get my tIra close to 200K. I'm doing most of the heavy equities in taxable. Regarding this - I'm extremely mad at Fidelity - because they constantly have these links on their site saying - it isn't too late to contri...
by CyclingDuo
Fri Apr 14, 2017 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Mixed Feelings - "Investing" in my car
Replies: 6
Views: 989

Re: Mixed Feelings - "Investing" in my car

While driving in the express lanes of one of the US's busiest highways my alternator gave out and I coasted to a stop. This is the first car I have kept more than 6 years. It is paid off and has 128K miles. With a tow, alternator, battery and much needed rear brakes and front tires 60% of my left-o...
by CyclingDuo
Wed Apr 12, 2017 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for College Student - Looking for Advice
Replies: 8
Views: 538

Re: Investing for College Student - Looking for Advice

Hi all, Trying to get some advice for a friend. Individual is 26 and currently in school. He does not have income and his tuition expenses are being covered. He has a few months of cash savings from prior jobs. He is trying to start investing/saving and was able to max out an IRA account for 2016. ...
by CyclingDuo
Wed Apr 12, 2017 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for child
Replies: 11
Views: 728

Re: Investing for child

+@ cyclingduo We did the same. ONLY assumed control at age 23(?). Remainder of the UGMA eventually used as a downpay for a home. However it really got mixed up into emergency funds, go a money on his first job, ROTHs, 401k/403b. He had a +800 FICO score because he had on time student loans, checkin...
by CyclingDuo
Wed Apr 12, 2017 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Investing for child
Replies: 11
Views: 728

Re: Investing for child

Hey everyone. I've been reading quite a bit about options for investing for a minor and I feel like I have it narrowed down to doing a UTMA for my 1 year old. I wanted to get others opinions before I make a move on that. I'm not interested in doing a 529 and I have no worries about whether or not m...
by CyclingDuo
Wed Apr 12, 2017 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Investing for College Student - Looking for Advice
Replies: 8
Views: 538

Re: Investing for College Student - Looking for Advice

Hi all, Trying to get some advice for a friend. Individual is 26 and currently in school. He does not have income and his tuition expenses are being covered. He has a few months of cash savings from prior jobs. He is trying to start investing/saving and was able to max out an IRA account for 2016. ...
by CyclingDuo
Wed Apr 12, 2017 6:10 am
Forum: Personal Finance (Not Investing)
Topic: Cheapest way to order contact lenses?
Replies: 27
Views: 3203

Re: Cheapest way to order contact lenses?

For those of you who order contacts online how do you go about getting your prescription? My eye appointment has become so routine that they do the check up and then order the contacts. However, I'm sick of paying $350+ for a one year supply. Do you simply tell your doctor to give you the prescript...
by CyclingDuo
Mon Apr 10, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Handling the Details of a Large Inheritance
Replies: 54
Views: 4448

Re: Handling the Details of a Large Inheritance

Since you've had the portfolio for 6 years, what's the average annual dividend payout? Looks to be rather hefty with a quick eye-ball of your diversified stock portfolio. Rather than sell all the stocks, why not use those dividends to establish your index portfolio? You've already got a great set u...
by CyclingDuo
Mon Apr 10, 2017 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation: what do we call an inherited fixed annuity...?
Replies: 3
Views: 226

Asset Allocation: what do we call an inherited fixed annuity...?

Quick question regarding what to call an inherited non-qualified fixed annuity (currently earning 3%) within our overall asset allocation. We have a 5 year window to take the lump sum distribution of the annuity (could take it now, could distribute it over 5 years, or could wait the full 5 years). I...
by CyclingDuo
Mon Apr 10, 2017 9:42 am
Forum: Investing - Help with Personal Investments
Topic: Handling the Details of a Large Inheritance
Replies: 54
Views: 4448

Re: Handling the Details of a Large Inheritance

Alright! Let me get into the inheritance: ~I received an inheritance of around $1.4 million in a brokerage account roughly 6 years ago. This inheritance was left untouched (except for college tuition payments) because my parents did not wanting me using it at such a young age. However, the situatio...
by CyclingDuo
Sun Apr 09, 2017 8:27 am
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 92
Views: 6755

Re: How does one determine their "number" and what exactly does it mean?

I guess when I mentioned Black Swan, I meant things like the Twin Towers going down/Pentagon being attacked, the housing bubble/burst subsequent financial crisis, and such things that will unfortunately happen in the future when we least expect it. We are definitely on board to save for all possibl...
by CyclingDuo
Sat Apr 08, 2017 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 92
Views: 6755

Re: How does one determine their "number" and what exactly does it mean?

Do Monte Carlo simulations include Black Swan events? We've used the simulations at Fidelity, TIAA, Vanguard, and seen it displayed for us in a consultation as well. If by Black Swan you mean distortions along the lines of living in caves and using bullets as currency, no. But, as an example, I don...
by CyclingDuo
Sat Apr 08, 2017 10:43 am
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 92
Views: 6755

Re: How does one determine their "number" and what exactly does it mean?

What do people think of Fidelity's simplistic approach of "how many times your annual income to have saved" along one's path as a guide? https://www.fidelity.com/viewpoints/retirement/how-much-money-do-i-need-to-retire That article mentions a nice and simplistic, easy way to understand wh...
by CyclingDuo
Sat Apr 08, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 92
Views: 6755

Re: How does one determine their "number" and what exactly does it mean?

What do people think of Fidelity's simplistic approach of "how many times your annual income to have saved" along one's path as a guide? [snip...] It seems to make sense as a nice guide, and the article talks about hypothetical adjustments (retiring earlier or later; spending more or spen...
by CyclingDuo
Sat Apr 08, 2017 8:18 am
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 92
Views: 6755

Re: How does one determine their "number" and what exactly does it mean?

What do people think of Fidelity's simplistic approach of "how many times your annual income to have saved" along one's path as a guide? https://www.fidelity.com/viewpoints/retirement/how-much-money-do-i-need-to-retire That article mentions a nice and simplistic, easy way to understand wha...
by CyclingDuo
Fri Apr 07, 2017 5:31 am
Forum: Personal Finance (Not Investing)
Topic: Pension -lump sum or monthly payout?
Replies: 29
Views: 1647

Re: Pension -lump sum or monthly payout?

I took a lump sum for my pension in 1998 partially because I didn't trust the company finances. This report is how it worked out for me. What I have left of that lump sum today and how much I have taken out. I will compare that with how much I would have received to date if I had taken the pension ...
by CyclingDuo
Thu Apr 06, 2017 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Spending beyond my means, I think..is my budget out of whack?
Replies: 81
Views: 8154

Re: Spending beyond my means, I think..is my budget out of whack?

Not sure why multiple folks have advised that savings rate reductions should come from the 401k. OP has said that they get 50% match of ALL contributions up to max. Unless all IRA contributions were stopped first and that still wasn't enough to get cash flow back on track, I wouldn't give up one ce...
by CyclingDuo
Thu Apr 06, 2017 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 23250

Re: Low-earners- What is your profession?

...We are in our 50's now and have ground, scratched, clawed, worked our way up to finally bump over the $100K hurdle as I guess we have now hit our "peak earning years". Although it's barely over $100K. The timing of reaching that mark happened to be right when we had two kids in college...
by CyclingDuo
Thu Apr 06, 2017 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Spending beyond my means, I think..is my budget out of whack?
Replies: 81
Views: 8154

Re: Spending beyond my means, I think..is my budget out of whack?

I had this huge "oh crap" moment....I'm spending beyond my means. 4 in the family, myself (~35yo full time), wife (part time), two young kids. One child has special needs. Retirement: 250k across 401k, roth; maxed out every year and never borrowed. All in Vanguard Savings: 75k liquid Sala...
by CyclingDuo
Wed Apr 05, 2017 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Best way of transferring wealth to kids?
Replies: 27
Views: 2414

Re: Best way of transferring wealth to kids?

My kids are <5 yrs old and I have excess income that I would like to transfer to them in a tax-advantaged way. I already have 529 accounts. I can't setup IRAs for them since they don't have W2s. Idea #1: I -think- I can just open a stock brokerage account in their name, stay below gift limits, and ...
by CyclingDuo
Wed Apr 05, 2017 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Lazy and Simple Teacher Portfolio
Replies: 21
Views: 2002

Re: Lazy and Simple Teacher Portfolio

OP here. I appreciate everyone's comments. I didn't take cyclingduo's comment as instructions only as his experience. It is a valid point. I hope I do enjoy it in my 50s. I love the time in the classroom. The governmental/political role in education is getting a bit irritating even now. Even since ...
by CyclingDuo
Wed Apr 05, 2017 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Lazy and Simple Teacher Portfolio
Replies: 21
Views: 2002

Re: Lazy and Simple Teacher Portfolio

Questions: 1) Any general comments? [color=#8040FF][b]Why in the world would you want to retire so young? You'll be bored stiff, as well as still parenting through the transition of your kids leaving home, and going to college. What a load of codswallop. Granted some people retire and are bored sti...
by CyclingDuo
Wed Apr 05, 2017 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 23250

Re: Low-earners- What is your profession?

We would have qualified for this thread as a dual income household in our 20's, 30's, and all through our 40's for sure. :sharebeer The debate between low income vs. lower income obviously always has potential to ruffle some feathers. Respecting why people are here on BH includes many different inco...
by CyclingDuo
Wed Apr 05, 2017 6:43 am
Forum: Personal Finance (Not Investing)
Topic: Help with college choice
Replies: 125
Views: 5132

Re: Help with college choice

Hello Bogleheads, I am avid reader of this forum and value the advice given by the forum members. I wanted to get your opinion on college choices for our kid ( 1st one of 2) We are classic middle class 2 income family, but not much assets and classified as full pay at colleges. He attended a compet...
by CyclingDuo
Tue Apr 04, 2017 9:18 am
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 144
Views: 13114

Re: Social Security for Millennials

Fellow Millennials: How do you plan to compensate for this 21% shortfall in Social Security retirement benefits as dictated by current law? Say that Social Security replaces 40% of pre-retirement income for the typical family. In other words, millennial Bogleheads cannot use the 15% rule of thumb, ...
by CyclingDuo
Tue Apr 04, 2017 6:35 am
Forum: Investing - Help with Personal Investments
Topic: 403(b) vs Taxable Account
Replies: 9
Views: 638

Re: 403(b) vs Taxable Account

Given the choices, I am curious, would anyone here use funds other than Vanguard within the 403b choices? I know the expense ratios are a bit higher yet it seems the Plan Service credits help offset those fees in part. Would they be considered reasonable options if over the past three to five years...

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