Search found 163 matches

by Devil's Advocate
Sat Aug 12, 2017 10:33 pm
Forum: Investing - Theory, News & General
Topic: The Mathematics of Retirement Investing
Replies: 123
Views: 13615

Re: The Mathematics of Retirement Investing

At what time then would you suggest adding bonds North Texas Cajun?

DA
by Devil's Advocate
Thu Aug 10, 2017 3:42 am
Forum: Personal Finance (Not Investing)
Topic: Opinions Needed - Are We Good?
Replies: 32
Views: 2622

Re: Opinions Needed - Are We Good?

I like the 2 year plan of working and keeping expenses low too. Perhaps the knowledge that you don't need the job will make it less unpleasant. For me I notice when I changed my perceptions and expectations about work I can change how I feel when I'm at work. Being FI allows you to take less crap. G...
by Devil's Advocate
Wed Aug 09, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Save to buy home on cash
Replies: 17
Views: 1357

Re: Save to buy home on cash

Wife and I are saving for next home purchase in 5 year time frame. We decided to go 60/40 in our taxable account earmarked for new home. Will also sell current mortgage free home then as well. Our tax deferred and Roth's are roughly 75/25. We are maxing out all tax advantaged accounts including HSA....
by Devil's Advocate
Sun Jul 09, 2017 5:35 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 220
Views: 17385

Re: Buying house - Very important decision

And then there is a whole set of people who can't really afford the large and expensive houses but buy them anyway, even though it's a significant financial mistake to do so, because they face peer pressure from coworkers or friends, their realtors assure them it's okay, or they irrationally take o...
by Devil's Advocate
Sun Jul 09, 2017 5:31 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's advice on investing?
Replies: 57
Views: 4617

Re: Dave Ramsey's advice on investing?

Not many. His investing advice really sucks...bad.

DA
by Devil's Advocate
Tue Jul 04, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: "What I Learned From My 'Faux-tirement'"
Replies: 33
Views: 6892

Re: "What I Learned From My 'Faux-tirement'"

A few years ago I was deep in the MMM thought process of extreme early retirement...then reality blossomed in my mind. As a 40ish year old man with 2 young children and a pregnant wife I likely won't be able to take extended vacations (~greater than 2 weeks) anyway. Very much like the white coat inv...
by Devil's Advocate
Mon Jul 03, 2017 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy this house?
Replies: 50
Views: 4349

Re: Should I buy this house?

This is bordering on the absurd. Are we being trolled here ?!

DA
by Devil's Advocate
Mon Jul 03, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy this house?
Replies: 50
Views: 4349

Re: Should I buy this house?

I would be worried that someone is going to take your girlfriend out in a Toyota Camry while your Corvette is sitting in the garage and you're at work.

I would skip the house. Work on life balance.

DA
by Devil's Advocate
Sun Jul 02, 2017 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy this house?
Replies: 50
Views: 4349

Re: Should I buy this house?

I don't think you should buy this house.

You need to budget on your one job. Working 80 to 90 hours a week is going to freaking kill you.

Life is too short to work that many hours and definitely. I do admire your work ethic though.

DA
by Devil's Advocate
Wed Jun 28, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: My risk tolerance suddenly went down
Replies: 33
Views: 5454

Re: My risk tolerance suddenly went down

Using your taxable account for living expenses in the short-term while you are unemployed is fine. I doubt you will be unemployed long. As far as changing your asset allocation in your tax advantaged accounts I would not change over this unexpected layoff. In theory you will not need this money for ...
by Devil's Advocate
Thu Jun 22, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Save or Pay Down Mortgage?
Replies: 6
Views: 1065

Re: Save or Pay Down Mortgage?

I would just save the cash.

No complex math since I'm not an engineer or in software development.

Just seems like common sense.

DA
by Devil's Advocate
Sun Jun 18, 2017 2:56 am
Forum: Personal Finance (Not Investing)
Topic: Example of why this forum is so good
Replies: 19
Views: 3320

Re: Example of why this forum is so good

"First, I don't believe thIs is market timing. Note the use of the "continue" word. Rather it's an encouragement to not market time, but to stay the course and pour in money at a normal rate even though (quite likely) it would drop even further the next day and you would be underwater...
by Devil's Advocate
Sat Jun 17, 2017 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: Where should I invest the home downpayment money I need in 5 years time
Replies: 9
Views: 1068

Re: Where should I invest the home downpayment money I need in 5 years time

I basically raised the same question in another thread... Some here suggest to invest it exactly as the rest if your portfolio. Others suggested to be more conservative... I am roughly 75/25 stock/bond in my tax advantaged accounts and decided 60/40 may be a sweet spot for me mentally. I suppose gra...
by Devil's Advocate
Sat Jun 03, 2017 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Any Reasons I shouldn't switch 529 plan
Replies: 7
Views: 694

Re: Any Reasons I shouldn't switch 529 plan

Does Franklin Templeton charge any fee for leaving? Other than that I wouldn't think there is a downside here. Hopefully someone more versed in New Jersey' 529 will chime in.

DA
by Devil's Advocate
Fri Jun 02, 2017 3:11 pm
Forum: Investing - Theory, News & General
Topic: Does anyone treat taxable as a "someday fund"?
Replies: 86
Views: 6668

Re: Does anyone treat taxable as a "someday fund"?

letsgobobby

Perhaps the reason I would rather be a bit more conservative in my taxable "house fund" is b/c my goal is to have a paid for house and not just a "downpayment" in 5 years. I would be prepared to draw it to zero and plan on it.

DA
by Devil's Advocate
Fri Jun 02, 2017 2:20 pm
Forum: Investing - Theory, News & General
Topic: Does anyone treat taxable as a "someday fund"?
Replies: 86
Views: 6668

Re: Does anyone treat taxable as a "someday fund"?

Thanks for the input NiceUnparticularman.

DA
by Devil's Advocate
Fri Jun 02, 2017 10:23 am
Forum: Investing - Theory, News & General
Topic: Does anyone treat taxable as a "someday fund"?
Replies: 86
Views: 6668

Re: Does anyone treat taxable as a "someday fund"?

I need to review TLH more it appears.
Thanks for the info gentleman.

DA
by Devil's Advocate
Fri Jun 02, 2017 1:25 am
Forum: Investing - Theory, News & General
Topic: Does anyone treat taxable as a "someday fund"?
Replies: 86
Views: 6668

Re: Does anyone treat taxable as a "someday fund"?

yes, there are many good options and one is not forced to 'sell stocks in taxable and lock in a loss'. Care to explain further? My new idea would be to keep my overall asset allocation and if my equities are down when I need the $$$ for house, sell the bonds for downpayment and borrow the rest until...
by Devil's Advocate
Thu Jun 01, 2017 10:16 pm
Forum: Investing - Theory, News & General
Topic: Does anyone treat taxable as a "someday fund"?
Replies: 86
Views: 6668

Re: Does anyone treat taxable as a "someday fund"?

I was thinking about this conundrum this afternoon while I was talking with the wife. If we maintain a more aggressive allocation with the taxable house fund and the market is in a bear market we could always just allow the portfolio to rebound and borrow more on the mortgage (selling bonds to pay d...
by Devil's Advocate
Thu Jun 01, 2017 2:08 am
Forum: Investing - Theory, News & General
Topic: Does anyone treat taxable as a "someday fund"?
Replies: 86
Views: 6668

Re: Does anyone treat taxable as a "someday fund"?

letsgobobby I kind of get what you're saying. However if I am 100 percent equity in my taxable account earmarked for new home purchase in five to 10 years and we sustained a dip in the market when I'm ready to pull the funds out then what? The other tax-advantaged accounts are earmarked for retireme...
by Devil's Advocate
Wed May 31, 2017 10:16 pm
Forum: Investing - Theory, News & General
Topic: Does anyone treat taxable as a "someday fund"?
Replies: 86
Views: 6668

Re: Does anyone treat taxable as a "someday fund"?

Ron, I think your original idea of having your taxable account a different asset allocation than your retirement funds is appropriate. I think I bonds could be used as your bond portion to limit tax inefficiencies. Just started my taxable account since wife and I have paid off our mortgage and are m...
by Devil's Advocate
Tue May 30, 2017 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: EE and I Bonds
Replies: 44
Views: 4270

Re: EE and I Bonds

After maxing out all tax-advantaged accounts and hoping for a 60/40 equity/bond split in a taxable account for funds to be used within 5 to 10 years would I bonds be an attractive option?

DA
by Devil's Advocate
Mon May 29, 2017 8:01 am
Forum: Investing - Theory, News & General
Topic: DON'T pay off your mortgage; instead reduce Sequence of Return Risk
Replies: 206
Views: 16728

Re: DON'T pay off your mortgage; instead reduce Sequence of Return Risk

As I have recently paid off my mortgage and am debt-free currently This Thread is interesting. Mathematically I have to admit that going hundred percent stocks and leveraging your house with Mortgage Debt is most likely going to leave a larger balance. However in my situation we have maxed out our 4...
by Devil's Advocate
Sat May 27, 2017 2:12 pm
Forum: Personal Consumer Issues
Topic: Camping and pleasant walks in Missouri?
Replies: 11
Views: 1019

Re: Camping and pleasant walks in Missouri?

Ha ha Tonka State Park near Lake of the Ozarks has some nice walks and views.

DA
by Devil's Advocate
Mon May 15, 2017 4:28 pm
Forum: Personal Consumer Issues
Topic: Anyone use "MyPillow" pillows?
Replies: 51
Views: 6762

Re: Anyone use "MyPillow" pillows?

I have one and I love it. I too am a side sleeper and have problems with chronic neck pain and cervical radiculopathy. I find when I forget to bring it with me places I am back to struggling to sleep. Arm numb and tingly and flipping from side to side. Granted I have not tried any other memory foam ...
by Devil's Advocate
Sat May 06, 2017 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Motor Home Financing
Replies: 11
Views: 1260

Re: Motor Home Financing

If you pay cash I don't think tax deductibility is a factor at all. Pay cash or don't buy at all. Borrowing money is just a mental trick to get you to spend a huge amount of money a bit at a time. You already spent it the moment you sign the note. If you buy used and keep it up with maintenance ther...
by Devil's Advocate
Sat May 06, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Motor Home Financing
Replies: 11
Views: 1260

Re: Motor Home Financing

Pay a dollar to the bank and have the government send you $0.35 back. That's not doing smart things with money in my opinion. Pay cash.

DA
by Devil's Advocate
Wed Apr 12, 2017 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Funding a house build
Replies: 5
Views: 532

Re: Funding a house build

I would think this is no different than keeping a mortgage or paying it off ASAP. I plan on paying for the next house in cash from my taxable and sale from old house...mathematically it may be better to have mortgage and invest the rest. But I'd rather not owe anyone anything.

DA
by Devil's Advocate
Sat Apr 08, 2017 10:19 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA - Using Risk to Grow the Pie
Replies: 30
Views: 3132

Re: Roth IRA - Using Risk to Grow the Pie

I have to agree with Taylor. 3% of your portfolio just does not seem to make it worth the effort. Not that I would suggest increasing risk on a larger portion of your portfolio. I know some people like the mental stimulation of picking this or that, but if it were me I would spend my time doing some...
by Devil's Advocate
Sat Mar 25, 2017 12:29 pm
Forum: Investing - Theory, News & General
Topic: What's your strategy for withdrawing funds in Retirement ?
Replies: 57
Views: 7108

Re: What's your strategy for withdrawing funds in Retirement ?

I didn't think one could use HSA to pay for insurance premiums?

DA
by Devil's Advocate
Mon Feb 27, 2017 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Should we pay off our mortgage?
Replies: 44
Views: 2585

Re: Should we pay off our mortgage?

I would also argue that having cash on hand in a taxable account can easily be used for unexpected purchases rather than the original intent. By paying off the mortgage it is a forced savings in a sense. I know that Bogleheads as a group are superior to most who may have impulse purchases, but I kno...
by Devil's Advocate
Wed Feb 22, 2017 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: What are they trying to sell me here?
Replies: 27
Views: 3150

Re: What are they trying to sell me here?

Skip it.
Play with snakes long enough and you may get bit. No such thing as a free lunch.

DA
by Devil's Advocate
Fri Feb 17, 2017 12:54 pm
Forum: Personal Consumer Issues
Topic: Tell me about Alaska
Replies: 63
Views: 7824

Re: Tell me about Alaska

I've rented an RV many times on our annual Alaska adventure. The 30 footers can be a bit difficult to manouver into gas stations and parking lots. I started with a 24 footer and that is much more manageable. However with 6 people you will need a larger RV. It takes a little practice but I think it's...
by Devil's Advocate
Wed Feb 08, 2017 2:08 pm
Forum: Investing - Theory, News & General
Topic: Does Micheal Kitces Rising Retirement Glidepath Still have legs
Replies: 47
Views: 4404

Re: Does Micheal Kitces Rising Retirement Glidepath Still have legs

Sure
Nervous he'll encounter a bear market right before he retires and have too much in equities. That's pretty much the point of increasing bonds closer to retirement.

DA
by Devil's Advocate
Sat Feb 04, 2017 2:38 pm
Forum: Personal Consumer Issues
Topic: Any books really change your outlook on life?
Replies: 280
Views: 45972

Re: Any books really change your outlook on life?

How I Found Freedom in an Unfree World

Harry Browne

DA
by Devil's Advocate
Fri Jan 27, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Best courses and books on negotiation
Replies: 17
Views: 1670

Re: Best courses and books on negotiation

I got some decent beginner tips from the Art of the Deal...
by Devil's Advocate
Fri Jan 27, 2017 2:34 pm
Forum: Investing - Theory, News & General
Topic: Firecalc and inflation question
Replies: 2
Views: 497

Re: Firecalc and inflation question

That's the way I understand it.

DA
by Devil's Advocate
Wed Jan 25, 2017 12:40 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 10078

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

Happy birthday Taylor!

I always appreciate your insights. Thank you very much for your input on this great forum.

DA
by Devil's Advocate
Sat Jan 21, 2017 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: evacuate HSA?
Replies: 10
Views: 1338

Re: evacuate HSA?

After retirement age HSA can be treated like a Roth, correct?
by Devil's Advocate
Thu Jan 12, 2017 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Did you get an IRS pin code for filing?
Replies: 15
Views: 1697

Re: Did you get an IRS pin code for filing?

Yes
My W2 came last year with the envelope torn. An obvious attempt at stealing my SS # and info. I called the IRS and they granted me a PIN. My credit has been frozen for years so I feel fairly confident I am safe enough.

DA
by Devil's Advocate
Tue Jan 10, 2017 11:06 pm
Forum: Personal Consumer Issues
Topic: I want to go to Alaska this summer - tell me what, why and when!
Replies: 18
Views: 1993

Re: I want to go to Alaska this summer - tell me what, why and when!

I would suggest flying to Anchorage and renting RV... $250/day and that would be less expensive than car and hotel. Driving to Kenai peninsula is a great way to see some cool stuff. Animal conservatory near Girdwood, Double Musky inn, Mt. Alyeska, Kenai Visitor Center in Kenai, Homer spit, Seward. C...
by Devil's Advocate
Mon Sep 19, 2016 6:28 pm
Forum: Personal Consumer Issues
Topic: Vacation bundling sites (Expedia, Priceline, etc)
Replies: 14
Views: 1630

Re: Vacation bundling sites (Expedia, Priceline, etc)

Thanks Pugs...food for thought!
DA
by Devil's Advocate
Mon Sep 19, 2016 4:21 pm
Forum: Personal Consumer Issues
Topic: Vacation bundling sites (Expedia, Priceline, etc)
Replies: 14
Views: 1630

Re: Vacation bundling sites (Expedia, Priceline, etc)

Thanks nedsaid... I appreciate your help. I looked at costco's service as well. Seems very similar to Expedia and priceline...
DA
by Devil's Advocate
Mon Sep 19, 2016 2:50 pm
Forum: Personal Consumer Issues
Topic: Vacation bundling sites (Expedia, Priceline, etc)
Replies: 14
Views: 1630

Vacation bundling sites (Expedia, Priceline, etc)

I am looking to go on a vacation to Hawaii next year and was wondering if using an Expedia like site will save $$$ when flight/hotel/rental car is bundled together? Or is it better to try to ala carte everything?
Thanks Bogleheads.

DS
by Devil's Advocate
Wed Sep 07, 2016 3:22 pm
Forum: Investing - Theory, News & General
Topic: Anyone else experiencing number drift
Replies: 51
Views: 7126

Re: Anyone else experiencing number drift

Time Lord

Your machinations on the OMY phenomenon is becoming comical. Like Ground Hog Day. I love the fact your work ethic is what it is, but seriously must you make a public display of your angst? (tongue firmly in cheek)


DA
8-)
by Devil's Advocate
Tue Aug 16, 2016 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Getting out of my debt vs using tax advantaged space - which is better?
Replies: 18
Views: 1826

Re: Getting out of my debt vs using tax advantaged space - which is better?

+1 letsgobobby

Dave Ramsey's advice is great to get out of debt. You need to seriously read the total money makeover. It will change your life.

After you are debt free avoid his investment advice.

Good luck.

DA