Search found 1168 matches

by EnjoyIt
Tue May 23, 2017 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: A Gem from Livesoft
Replies: 21
Views: 5327

Re: A Gem from [some guy not livesoft]

I wish these tables/graphs were able to show some flexibility. Such as a semi variable withdrawal rate. Did you read the entire series? Your wish was granted. Their overall conclusion seems to be to stick to 3.5% for periods greater than 30 years. They had a segment which picks apart the GK method ...
by EnjoyIt
Tue May 23, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: A Gem from Livesoft
Replies: 21
Views: 5327

Re: A Gem from [some guy not livesoft]

livesoft wrote:
EnjoyIt wrote:I wish these tables/graphs were able to show some flexibility. Such as a semi variable withdrawal rate.

Did you read the entire series? Your wish was granted.


Confession: No, but now that I know it is there I will read the whole series.
by EnjoyIt
Tue May 23, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: A Gem from Livesoft
Replies: 21
Views: 5327

Re: A Gem from [some guy not livesoft]

I wish these tables/graphs were able to show some flexibility. Such as a semi variable withdrawal rate. I would assume 4% has to be close to providing a 100% success rate if I am willing to decrease my spending during the bad years. This strategy works great for those retiring in a relatively comfor...
by EnjoyIt
Tue May 23, 2017 11:43 am
Forum: Investing - Theory, News & General
Topic: Anyone else track the value of their investments by discounting the value of equities?
Replies: 56
Views: 3019

Re: Anyone else track the value of their investments by discounting the value of equities?

Once could/should then discount any holding by your tax rate if held in a tax deferred account. If you have all your equity in Roth's no problem - $1 = $1 but if some is in an IRA, $1 of equity in a Roth does not equal $1 of equity in an IRA. So which number to use? Best, coy It is impossible to an...
by EnjoyIt
Sun May 21, 2017 12:32 pm
Forum: Investing - Theory, News & General
Topic: Anyone else track the value of their investments by discounting the value of equities?
Replies: 56
Views: 3019

Re: Anyone else track the value of their investments by discounting the value of equities?

The Trinity Study includes market downturns and shows 4% has succeeded in almost every scenario. Keeping that in mind do we really need to discount our investments? By doing this we are decreasing the risk of running out of money, but replacing that risk with wasting our time in accumulating more mo...
by EnjoyIt
Fri May 19, 2017 11:32 pm
Forum: Investing - Theory, News & General
Topic: Anyone else track the value of their investments by discounting the value of equities?
Replies: 56
Views: 3019

Re: Anyone else track the value of their investments by discounting the value of equities?

No. I put 10 years worth of living expenses in CDs and bonds and hence, I don't care how widely the market fluctuates. I plan to do similar but in a 5 year CD ladder as I start getting close to retirement. Although I just calculated by discounted value by 50% from equities and realize that I have e...
by EnjoyIt
Wed May 17, 2017 1:13 am
Forum: Personal Consumer Issues
Topic: Cars: Expense or Asset?
Replies: 84
Views: 4418

Re: Cars: Expense or Asset?

I don't fully understand the purpose of this exercise. Does it really matter? Unless you have a classic car, that car probably shouldn't be in your net worth calculation as it dubiously inflates it. On the contrary, taking the cash outlay for the purchase and not recognizing that you have an asset ...
by EnjoyIt
Tue May 16, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9226

Re: Was there a $$$ number after which things got easier?

For all you people that said "growth in the accounts exceeded wages from work" Why are you still working? Uh... because stocks may go down tomorrow.. uh... won't they come back up? shouldn't you have some fixed income sources to ride out a storm? I know, I know some bogleheads are very co...
by EnjoyIt
Mon May 15, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 6663

Re: Anyone else agree with my logic on silicon valley housing?

For 1mm in the bay area , you are looking at 1.3% to 1.4% in property tax with other assessments. Downtown Austin is fun for young people like you with lot of bars and restaurants. You will like Austin but be prepare for the summer heat. Don't know Austin specifically but OP needs to understand tha...
by EnjoyIt
Mon May 15, 2017 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9226

Re: Was there a $$$ number after which things got easier?

For all you people that said "growth in the accounts exceeded wages from work" Why are you still working? Uh... because stocks may go down tomorrow.. uh... won't they come back up? shouldn't you have some fixed income sources to ride out a storm? I know, I know some bogleheads are very co...
by EnjoyIt
Mon May 15, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9226

Re: Was there a $$$ number after which things got easier?

EnjoyIt, Let's assume that your income is 150K and your annual expense is 50K. In order to retire at retirement age, you need 1.25 million. In order to retire early, you need 1.5 million. Let's assume that you have 1 million now, it is entirely possible that you have 1 year with growth exceeding 15...
by EnjoyIt
Mon May 15, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 6663

Re: Anyone else agree with my logic on silicon valley housing?

We moved out of NY to Texas for the same reason about 8 years ago. Our lives couldn't be better.
by EnjoyIt
Mon May 15, 2017 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9226

Re: Was there a $$$ number after which things got easier?

If growth exceeds my income that means I have saved way way way too much money considering my taxes are 30% of my income and I spend about 25-30% of my income. That's not how it works because portfolio growth is not consistent year-in and year-out. Even early on before financial independence one's ...
by EnjoyIt
Mon May 15, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9226

Re: Was there a $$$ number after which things got easier?

For all you people that said "growth in the accounts exceeded wages from work" Why are you still working? EnjoyIt, SWR = 4% for retirement age. SWR = 3.33% or lower for early retirement. So, if the account growth exceeded 4%/3.33% or like 10% now, the investment is still not big enough fo...
by EnjoyIt
Mon May 15, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 215
Views: 16961

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

Fascinating range of opinions about the motivations for buying a car. Since I have been assigned the curmudgeon role, I continue: I have ridden in high powered cars and occasionally driven them. When driving them it can be obvious that I have to press gently on the accelerator to maintain safe and ...
by EnjoyIt
Mon May 15, 2017 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9226

Re: Was there a $$$ number after which things got easier?

For all you people that said "growth in the accounts exceeded wages from work"
Why are you still working?
by EnjoyIt
Sun May 14, 2017 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 215
Views: 16961

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

OP, of course you can afford it. But you are sorely mistaken if you think the x5 is 'fun' or truly 'luxury'. It's a people hauler. My advice - buy a cheap people hauler but buy yourself another fun car. Which leads us inexorably to the only logical answer that all car threads eventually converge to...
by EnjoyIt
Sun May 14, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9226

Re: Was there a $$$ number after which things got easier?

The number where you have enough to fund basic necessities for the rest of your life really puts perspective from that point on. Knowing every additional dollar saved/earned can be used for experiences, luxuries or assistance in daily life really makes things easier. It also gives you the ability to...
by EnjoyIt
Sun May 14, 2017 1:37 pm
Forum: Personal Consumer Issues
Topic: Cars: Expense or Asset?
Replies: 84
Views: 4418

Re: Cars: Expense or Asset?

I don't fully understand the purpose of this exercise. Does it really matter? Unless you have a classic car, that car probably shouldn't be in your net worth calculation as it dubiously inflates it. On the contrary, taking the cash outlay for the purchase and not recognizing that you have an asset ...
by EnjoyIt
Sun May 14, 2017 9:37 am
Forum: Personal Consumer Issues
Topic: Cars: Expense or Asset?
Replies: 84
Views: 4418

Re: Cars: Expense or Asset?

I don't fully understand the purpose of this exercise. Does it really matter?

Unless you have a classic car, that car probably shouldn't be in your net worth calculation as it dubiously inflates it.
by EnjoyIt
Sun May 14, 2017 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else dial down retirement savings?
Replies: 32
Views: 5044

Re: Anyone else dial down retirement savings?

I found tax advantaged accounts to be very advantageous. I maxed 401ks and added to non-deductible tIRAs. Later I did back door Roth IRAs. When I paid off my mortgage early I did it out of a taxable account. Later when income went down after retirement I converted the traditional accounts. Are you ...
by EnjoyIt
Sat May 13, 2017 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Home Owner ---- mortgage or cash?
Replies: 5
Views: 847

Re: First Time Home Owner ---- mortgage or cash?

cash vs mortgage is an age old question around these parts. There are pros and cons to both. If I was in your situation I would take out the mortgage for the following reasons: 1) Historically over long term Investing beats out paying extra into a mortgage. 2) Having a mortgage would free up some ca...
by EnjoyIt
Thu May 11, 2017 5:05 pm
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 5849

Re: Buffett/IBM

EKG machines have been spitting out abnormalities for a long time now. Same with flagging "abnormal" labs. I don't know how accurate they are or how much they have improved. Not sure if this is AI or if modern AI techniques can make this more accurate, but I think what many of us have in ...
by EnjoyIt
Thu May 11, 2017 1:12 pm
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 5849

Re: Buffett/IBM

As for a law degree. Knowing a history of common law suits in medicine will allow a machine to "practice" defensively to minimize bad outcomes. The idea is frightening; turning over medical decision making to machines AND letting them use law suits as the criteria for treatment. I think y...
by EnjoyIt
Thu May 11, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: General question of balance and compromise
Replies: 22
Views: 1283

Re: General question of balance and compromise

I think once you realize that shiny things don't really buy that much happiness, all of a sudden some of your splurges become meaningless. For example look at the latest expensive thing you bought. Do you still love it, does it still bring you the same amount of joy as compared to when you bought it...
by EnjoyIt
Wed May 10, 2017 2:27 pm
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 5849

Re: Buffett/IBM

...Currently Watson is going to medical school. It is believed in a few years he will be reading all radiology exams removing all the normal studies giving radiologists only the abnormal ones. I'm sure in no time Watson will be diagnosing patients providing a differential diagnosis and recommending...
by EnjoyIt
Tue May 09, 2017 7:31 am
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 5849

Re: Buffett/IBM

...Currently Watson is going to medical school. It is believed in a few years he will be reading all radiology exams removing all the normal studies giving radiologists only the abnormal ones. I'm sure in no time Watson will be diagnosing patients providing a differential diagnosis and recommending...
by EnjoyIt
Mon May 08, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Most Common Financial Mistakes
Replies: 108
Views: 13592

Re: Most Common Financial Mistakes

I think many have it completely off. The biggest destroyers of wealth 1) Divorce 2) taxes and not maximizing retirement accounts if possible 3) too much house 4) new cars every 3 years that are outside your income 5) spending an unlimited amount of money on kids. If a family can prevent the above, e...
by EnjoyIt
Sun May 07, 2017 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a 800K house?
Replies: 52
Views: 4611

Re: Can we afford a 800K house?

My spouse and I moved to USA two years back and live in a HCOL area. We end up making around 580-680K (based on our company stock) in total per year. After around 200K taxes, we end up spending 50K for our rental home per year (15 minute drive to work on most days, 30 minutes by Bus), 40K per year ...
by EnjoyIt
Sun May 07, 2017 9:54 am
Forum: Personal Consumer Issues
Topic: Best salads
Replies: 46
Views: 3818

Re: Best salads

First off, anything with iceberg lettuce is not a salad, it is just a filler since it has no nutritional value. My base salad is this: Tomatoes Cucumbers onions avocado Tuscan spices (you may want to add salt if it is not in the tuscan spices) fresh ground black pepper fresh dill if you have it but ...
by EnjoyIt
Sun May 07, 2017 9:07 am
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 5849

Re: Buffett/IBM

Can you say IRRELEVENT. Yep IBM is just another company with nothing special to offer and no great products to sell. Do you remember Compaq or Univac or Digital? They were great computer companies back when. Now they are gone. IBM is all set to go the same way. They are selling a little service and...
by EnjoyIt
Tue Apr 18, 2017 11:53 am
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 342
Views: 21622

Re: Your USER NAME...what does it mean?

It is to remind me to enjoy life and not just try and make as much money as possible.

Life is too short to just spend it working.
by EnjoyIt
Sun Apr 09, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Spending beyond my means, I think..is my budget out of whack?
Replies: 81
Views: 8488

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

Sorry, but most of that is just baloney. I have small children and they were in a community "pre school" or "daycare" depending on how you define it. I think we paid $250/month. It was great for socialization, but most real education came from my wife or I. My kids could all rea...
by EnjoyIt
Thu Apr 06, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Spending beyond my means, I think..is my budget out of whack?
Replies: 81
Views: 8488

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

I passed over the part where you are contributing to your roth as well. I would stop doing this and you should be fine for the next two years. Two years wont make a big deal and you are already saving a lot in your 401k plus have a very high matching. I completely disagree. He is better off funding...
by EnjoyIt
Thu Apr 06, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Got my second comma -- what is this anticlimactic feeling?
Replies: 55
Views: 6699

Re: Got my second comma -- what is this anticlimactic feeling?

$1 million and a paid off house is a huge milestone. Don't even think of selling yourself short. Just look at the math. If you don't add a single dime it will grow to $2.7 million (real) by the time you are 68 with the assumption that growth will be slightly lower than historical. Add in social secu...
by EnjoyIt
Thu Apr 06, 2017 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Spending beyond my means, I think..is my budget out of whack?
Replies: 81
Views: 8488

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

I haven't read through all of the posts, but $1500/month for a 2-year old's "pre-school" sounds incredibly high. Why doesn't your wife stop working (or work a different part time schedule) and take care of the 2-year old. Sounds like you wouldn't miss her income and an extra $1500/month w...
by EnjoyIt
Thu Apr 06, 2017 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax not fill in 8606 lines 6-12 with Roth conversion, is this ok?
Replies: 12
Views: 816

Re: TurboTax not fill in 8606 lines 6-12 with Roth conversion, is this ok?

You are right it does ask about the conversion, but when I removed the automatically imported documents and followed the finanbebuff guideline (link above), I got different result. So I'd be careful. Turbotax seamed to do an appropriate job on its own this year. I used turbotax premier. I believe i...
by EnjoyIt
Tue Apr 04, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax not fill in 8606 lines 6-12 with Roth conversion, is this ok?
Replies: 12
Views: 816

Re: TurboTax not fill in 8606 lines 6-12 with Roth conversion, is this ok?

Turbotax seamed to do an appropriate job on its own this year. I used turbotax premier. I believe it actually asked me about post tax conversion from tIRA to Roth. I was impressed.
by EnjoyIt
Sun Mar 19, 2017 3:42 pm
Forum: Investing - Theory, News & General
Topic: It's worth remembering that bull markets don't last forever
Replies: 95
Views: 6963

Re: It's worth remembering that bull markets don't last forever

Just as it is worth noting that bull markets don't last forever, it is also worth noting that the longer the bull runs the more optimistic that investors get. When everybody is an optimist, the market runs out of buyers. Don't get caught in the trap of excessive optimism. ^ This ^ I get a little ne...
by EnjoyIt
Tue Feb 28, 2017 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Deciding how much house to get
Replies: 25
Views: 3037

Re: Deciding how much house to get

I can not believe what I am reeding on this thread and some of the very poor advice. Let me lay this out for you the way I understand it. You are a few years out of college buy a house? You are not sure if you should spend $250k or $400k? 1) Do you have a wife and kids? If not then you should not be...
by EnjoyIt
Sun Jan 29, 2017 9:14 pm
Forum: Personal Consumer Issues
Topic: Input on Apple Watch-Buy or Not?
Replies: 64
Views: 4394

Re: Input on Apple Watch-Buy or Not?

But I figure that if we're saving 35-40% of our combined gross salary, I can spend a few hundred dollars on something that I will use and enjoy every single day, running perhaps 2,500 miles per year with the Apple Watch and AirPods. (I'm recovering from a non-running foot injury last year, but I ha...
by EnjoyIt
Sun Jan 29, 2017 5:36 pm
Forum: Personal Consumer Issues
Topic: Input on Apple Watch-Buy or Not?
Replies: 64
Views: 4394

Re: Input on Apple Watch-Buy or Not?

I can actually think of very few better things to spend $400 on. There are few things I spend more time doing--other than sleeping--or thinking about other than running. Not carrying a phone or iPod is priceless. But as I've said a couple of times, I agree that fitness is its raison d'être. Sounds ...
by EnjoyIt
Sun Jan 29, 2017 11:35 am
Forum: Personal Consumer Issues
Topic: Input on Apple Watch-Buy or Not?
Replies: 64
Views: 4394

Re: Input on Apple Watch-Buy or Not?

Please buy an apple watch. Apple is my most heavy weighted stock in my US index and I need it to continue to rise in value Realistically the apple watch is a useless piece of tech junk that adds little real value. In the work place it does nothing my phone doesn't already do. There is no real value ...
by EnjoyIt
Thu Jan 26, 2017 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Receipt capture and sorting iOS app
Replies: 5
Views: 465

Re: Receipt capture and sorting iOS app

thanks for the advice. I am a little skeptical regarding Microsoft lens since I use a Mac, but will give it a try as well as expensify.
by EnjoyIt
Sun Jan 22, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Receipt capture and sorting iOS app
Replies: 5
Views: 465

Receipt capture and sorting iOS app

I am looking for an iPhone app that will help me store and categorize my receipts. My reasoning is that I run a business, and often times I have expenses that are business related such as a hotel stays, hardware purchases, flights, business dinners, or meals purchased for colleagues who are staying ...
by EnjoyIt
Sat Jan 14, 2017 1:49 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 29926

Re: Whats your number to walk away?

Never really had a number until my job became a "chore". Probably around age 53. When I projected what my actual might be (uncashed incentive comp plus actual portfolio) turned out I already had more than enough. The very idea of deciding what your number might be implies you don't like w...
by EnjoyIt
Sat Jan 14, 2017 11:15 am
Forum: Personal Finance (Not Investing)
Topic: 1099 vs W2
Replies: 7
Views: 602

Re: 1099 vs W2

I am currently maxing out all tax sheltered spaces with my W2 job. The moonlighting job will be worth about 20-30K, so realistically I can only put 25% of that into a i401k as employer, correct? And I'm fairly certain pay with be the same either way since I am covering for salaried employees and th...
by EnjoyIt
Sat Jan 14, 2017 1:50 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401K Question
Replies: 13
Views: 688

Re: Solo 401K Question

Thanks. For example Box1 is 29000; Box: 3 is 47000; and Box 12A is 18000-(Employee Salary Deferral); (Add 18000 to Box1 number, you get Box 3 number). In this scenario, S corp can contribute 25% of 29000 = 7250$. Correct? no, S corp can contribute 25% of (29000+18000) It look like it is 25% of box ...
by EnjoyIt
Sat Jan 14, 2017 1:24 am
Forum: Personal Finance (Not Investing)
Topic: 1099 vs W2
Replies: 7
Views: 602

Re: 1099 vs W2

Just because you are maxing 401k at one job does not limit you to another $53k of employer contributions at another job. That is, if do not have any substantial ownership at your main W2 job. Also, being 1099 will allow you to deduct certain expenses if they are business related. The downside of 109...
by EnjoyIt
Sat Jan 14, 2017 1:18 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401K Question
Replies: 13
Views: 688

Re: Solo 401K Question

neither. Only the employee portion is reported on the W2 and it is located in box 12a. Last years max was $18K The employer portion is reported on your yearly corporate tax return. Box 1 is your wages that are taxable by the federal income tax. In your case it is wages minus employee portion of your...

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