Search found 4748 matches

by Leesbro63
Sat Oct 21, 2017 8:53 am
Forum: Investing - Theory, News & General
Topic: Why is inflation so low? Moore's law?
Replies: 33
Views: 4193

Re: Why is inflation so low? Moore's law?

My only thought is that the plummet in oil prices may have something to do with it. Yes in that fracking is another one of a series of revolutionary changes taking place. In economic terms supply curve moved out to the right meaning for the same level of demand lower prices. No in that inflation ha...
by Leesbro63
Fri Oct 20, 2017 10:16 pm
Forum: Investing - Theory, News & General
Topic: 4% SWR Rule in Other Countries
Replies: 18
Views: 1547

Re: 4% SWR Rule in Other Countries

Withdrawal Rates are a special interest of mine, and you might enjoy the article I wrote recently on this topic: Your Home Country Is Inseparable From Your Withdrawal Rate So what’s your point? That 4%, which didn’t work in most other similar places, so therefore we shouldn’t have confidence in it?
by Leesbro63
Fri Oct 20, 2017 3:29 pm
Forum: Investing - Theory, News & General
Topic: 4% SWR Rule in Other Countries
Replies: 18
Views: 1547

4% SWR Rule in Other Countries

Somewhere recently I heard that the 4% rule did not work in 6 of 8 developed countries looked at. Honestly I didn't get all the info and should have. But this brings to mind the obvious question: Is the 4% rule just a fluke of the USA in the 20th century? (I sincerely apologize for starting YET ANOT...
by Leesbro63
Fri Oct 20, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Life in AMT Hell (or, How I Learned to Keep Worrying and Hate the Exemption Phaseout)
Replies: 37
Views: 4488

Re: Life in AMT Hell (or, How I Learned to Keep Worrying and Hate the Exemption Phaseout)

Doesn’t overpaying state estimated tax come back to bite you the next year? It doesn't if you overpay in a non-AMT year and get the refund in an AMT year. Oddly almost no "how-to-deal-with-the-AMT" articles mention this; editors must believe that no one sees it coming until they're actually in a ye...
by Leesbro63
Fri Oct 20, 2017 4:50 am
Forum: Personal Finance (Not Investing)
Topic: Life in AMT Hell (or, How I Learned to Keep Worrying and Hate the Exemption Phaseout)
Replies: 37
Views: 4488

Re: Life in AMT Hell (or, How I Learned to Keep Worrying and Hate the Exemption Phaseout)

I live in Texas, with no state income tax. But if I lived in a state with income tax, I would seriously consider bunching my tax payments too. One year you can "overpay" your state taxes using an estimated payment. This results in a higher deduction. The following year you have income from the stat...
by Leesbro63
Wed Oct 18, 2017 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Finding a 1965 (year) Mutual Fund Today
Replies: 3
Views: 411

Finding a 1965 (year) Mutual Fund Today

A not so financially savvy friend bought about $500 worth of "The Investor Stock Fund, Inc." way back in 1965 from a company called "IDS". Apparently today IDS is owned or was succeeded by Ameriprise. My friend has been sitting on this forever and finally was coaxed into waking up to see what he mig...
by Leesbro63
Thu Oct 12, 2017 4:40 pm
Forum: Personal Consumer Issues
Topic: Is there boglehead consensus on buying a car?
Replies: 73
Views: 4834

Re: Is there boglehead consensus on buying a car?

Just my humble opinion: The most Bogleheadish car purchase is a brand new Honda Civic or Accord or a Toyota Corolla or Camry...the smaller or bigger of each brand based on size needed. Or a Subaru if you must have all wheel drive. And drive them for 10 years. Again, this is just my opinion, but the...
by Leesbro63
Thu Oct 12, 2017 4:30 pm
Forum: Personal Consumer Issues
Topic: Is there boglehead consensus on buying a car?
Replies: 73
Views: 4834

Re: Is there boglehead consensus on buying a car?

Just my humble opinion: The most Bogleheadish car purchase is a brand new Honda Civic or Accord or a Toyota Corolla or Camry...the smaller or bigger of each brand based on size needed. Or a Subaru if you must have all wheel drive. And drive them for 10 years. Again, this is just my opinion, but the ...
by Leesbro63
Fri Oct 06, 2017 5:28 pm
Forum: Investing - Theory, News & General
Topic: Are stocks going up only because all the alternatives are lousy?
Replies: 45
Views: 4706

Re: Are stocks going up only because all the alternatives are lousy?

I don’t know if stocks and bonds are in a bubble or not. But my 83 year old father reminds me that all through the 1950s, “they” kept waiting for the Depression to return as stocks climbed the wall of worry.
by Leesbro63
Fri Oct 06, 2017 10:24 am
Forum: Investing - Theory, News & General
Topic: Muni Bond Funds With Regard to Puerto Rico
Replies: 14
Views: 933

Re: Muni Bond Funds With Regard to Puerto Rico

I was just trying to make a CA specific point. Re-reading my post it isn't as clear as I was hoping. some CA muni bonds are not fully CA they also toss in some territories sometimes. That was the point I was trying to make. Just a hold over from when I did taxes... we had to sometimes look up muni'...
by Leesbro63
Fri Oct 06, 2017 8:22 am
Forum: Investing - Theory, News & General
Topic: Muni Bond Funds With Regard to Puerto Rico
Replies: 14
Views: 933

Re: Muni Bond Funds With Regard to Puerto Rico

CA tax law states that a muni bond has to be 50% CA before you can even deduct anything and then only at that percentage. So CA muni bonds tend to be a bit more pure and have less of the islands mixed in. just an observation. What ARE you talking about? There are two types of municipal bond funds. ...
by Leesbro63
Thu Oct 05, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 228
Views: 27864

Re: Retirement Account Stolen by Identity theft

Please take this question with the respect that I mean: Is it possible that your dad forgot what he did? That, just perhaps, he's beginning to "age" and that this isn't what it seems? Again, just respectfully throwing that out there as a possibility.
by Leesbro63
Thu Oct 05, 2017 4:24 pm
Forum: Investing - Theory, News & General
Topic: Muni Bond Funds With Regard to Puerto Rico
Replies: 14
Views: 933

Re: Muni Bond Funds With Regard to Puerto Rico

I am the OP. I guess part of my comment was just noticing that there doesn't seem to be any expected "contagion effect". That if P.R. bonds go, so might the bonds of other financially weak states. If anything, muni bonds have been rallying. This just seems odd to me. But hey, long live the power and...
by Leesbro63
Thu Oct 05, 2017 10:01 am
Forum: Investing - Theory, News & General
Topic: Muni Bond Funds With Regard to Puerto Rico
Replies: 14
Views: 933

Muni Bond Funds With Regard to Puerto Rico

I've been watching the news with regard to the increasing risk of Puerto Rico municipal bonds. And noticing that my Vanguard muni bond funds have been going up, despite the P.R. risk. So I guess there aren't much, if any, P.R. bonds in the Vanguard funds. I'm just wondering about this. You'd THINK t...
by Leesbro63
Tue Sep 26, 2017 8:49 pm
Forum: Personal Consumer Issues
Topic: iPhone Voicemail Transcription No Longer Working w IOS11
Replies: 4
Views: 359

Re: iPhone Voicemail Transcription No Longer Working w IOS11

It no longer shows transcripts ever. Like before it was “a thing”
by Leesbro63
Tue Sep 26, 2017 8:19 pm
Forum: Personal Consumer Issues
Topic: iPhone Voicemail Transcription No Longer Working w IOS11
Replies: 4
Views: 359

iPhone Voicemail Transcription No Longer Working w IOS11

I upgraded to IOS11 and my voicemail transcription no longer works/is available (AT&T). I actually LIKE that feature, even though it gets many words wrong. Anyway, is there some sort of "secret handshake" to turn it back on with the iOS update?
by Leesbro63
Thu Sep 21, 2017 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: POD & IRA
Replies: 7
Views: 504

Re: POD & IRA

Is it accurate that a POD is not allowed or necessary on IRA accounts and that beneficiaries on these IRA accounts have the same effect? Effectively, yes. There is more to it than that, but it accomplishes the same upfront goal that you desire - keeping the accounts out of your estate when you die....
by Leesbro63
Thu Sep 21, 2017 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: POD & IRA
Replies: 7
Views: 504

Re: POD & IRA

Is it accurate that a POD is not allowed or necessary on IRA accounts and that beneficiaries on these IRA accounts have the same effect? Effectively, yes. There is more to it than that, but it accomplishes the same upfront goal that you desire - keeping the accounts out of your estate when you die....
by Leesbro63
Thu Sep 21, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: POD & IRA
Replies: 7
Views: 504

Re: POD & IRA

Is it accurate that a POD is not allowed or necessary on IRA accounts and that beneficiaries on these IRA accounts have the same effect? Effectively, yes. There is more to it than that, but it accomplishes the same upfront goal that you desire - keeping the accounts out of your estate when you die....
by Leesbro63
Thu Sep 21, 2017 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Deceased Mother medical bill
Replies: 42
Views: 5365

Re: Deceased Mother medical bill

I am not a lawyer. But as a layman reading this, your comment about "completely forgot about the ($8300) bill" rings hollow. If you truly had an issue with the care at the nursing home, you should have taken action BEFORE they made the first move to sue for the bill. If I were on the jury, I'd concl...
by Leesbro63
Sun Sep 17, 2017 5:35 pm
Forum: Investing - Theory, News & General
Topic: The Difference Between Risk and Uncertainty
Replies: 41
Views: 2912

The Difference Between Risk and Uncertainty

What is the difference between risk and uncertainty? I heard a discussion about this on a non-financial topic and it made me wonder about this as applied to finance and investing. I guess I always assumed they are the same. But perhaps not.
by Leesbro63
Sat Sep 16, 2017 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Mother-In-Law dying, Wife wants to buy a Porsche
Replies: 51
Views: 5173

Re: Mother-In-Law dying, Wife wants to buy a Porsche

Certain personality types will NEVER EVER "get religion" on Dave Ramsey or Suze Orman...two I can think of offhand who appeal to "accumulator neophytes"...let alone Bogleheads with a much greater degree of sophistication toward accumulating and holding onto wealth. I am guessing that anyone who wan...
by Leesbro63
Sat Sep 16, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Mother-In-Law dying, Wife wants to buy a Porsche
Replies: 51
Views: 5173

Re: Mother-In-Law dying, Wife wants to buy a Porsche

Certain personality types will NEVER EVER "get religion" on Dave Ramsey or Suze Orman...two I can think of offhand who appeal to "accumulator neophytes"...let alone Bogleheads with a much greater degree of sophistication toward accumulating and holding onto wealth. I am guessing that anyone who want...
by Leesbro63
Sat Sep 16, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Mother-In-Law dying, Wife wants to buy a Porsche
Replies: 51
Views: 5173

Re: Mother-In-Law dying, Wife wants to buy a Porsche

I'm sorry for your situation. If she advances to the stage of actually taking action on this idea, I hope you can talk her out of it. The new car will not help her deal with the stress, and you both probably would end up regretting the purchase. I suppose the car always could be sold if that happen...
by Leesbro63
Wed Sep 13, 2017 10:22 am
Forum: Investing - Theory, News & General
Topic: Upcoming 2017 changes to Vanguard REIT fund(s)
Replies: 23
Views: 4448

Re: Upcoming 2017 changes to Vanguard REIT fund(s)

Thank you for the explanation. The current Vanguard REIT (Admiral) Fund is about 7% of my net worth. In my IRA. Is there a reason I should do anything with this change, if I want 7% of my net worth to be in a diversified real estate index fund?
by Leesbro63
Wed Sep 13, 2017 10:20 am
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 333
Views: 20253

Re: Iphone X is $1000

I'd take that bet in a heartbeat as well. Alfaspider is insane if he thinks the primary purchasers of this new phone are going to be the wealthy. I must have spoken to a dozen people yesterday who were itching to reserve one, not a single one of these people even makes $50k and several of them make...
by Leesbro63
Wed Sep 13, 2017 7:48 am
Forum: Investing - Theory, News & General
Topic: Upcoming 2017 changes to Vanguard REIT fund(s)
Replies: 23
Views: 4448

Re: Upcoming 2017 changes to Vanguard REIT fund(s)

I hold this fund in my IRA. I just tuned into this thread. It's not clear what will happen and what I might need to do. What about folks who have this as a highly appreciated taxable fund? Will they have to sell and pay big cap gains taxes?
by Leesbro63
Tue Sep 12, 2017 9:31 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 333
Views: 20253

Re: Iphone X is $1000

I view getting a new iPhone every year as a cheap luxury. Sort of like folks who used to buy a new car every year, but with comparatively no cost. I use it all the time. Even at $1000-$1200 for a top of the line iPhone with Applecare, it's a cheap luxury. I give my "old" phone to one of my kids, but...
by Leesbro63
Tue Sep 12, 2017 5:03 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 333
Views: 20253

Re: Iphone X is $1000

And when I can do the earliest order? Is it during the night sometime?
by Leesbro63
Tue Sep 12, 2017 5:02 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 333
Views: 20253

Re: Iphone X is $1000

What's the monthly cost for the iWatch data? Is this for unlimited data, or might the charge be variable?
by Leesbro63
Tue Sep 12, 2017 4:55 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 333
Views: 20253

Re: Iphone X is $1000

How much is the top of the line phone that's equivalent to today's iPhone 7Plus (the big one) with the max memory?
by Leesbro63
Tue Sep 12, 2017 4:25 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 333
Views: 20253

Re: Iphone X is $1000

How will the cordless thing work with a case?
by Leesbro63
Tue Sep 12, 2017 4:24 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 333
Views: 20253

Re: Iphone X is $1000

How does charging work with the cordless thing? I often use an external battery to recharge during the day when I'm out and about. The cordless thing sounds like it will have to be laying on the flat surface. That's a dealbreaker for me. It does the opposite of the intent...the intent of wireless c...
by Leesbro63
Tue Sep 12, 2017 4:22 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 36256

Re: Michael Kitces 4% rule podcast on Madfientist

2015 wrote:
Tue Sep 12, 2017 2:28 pm
<discussion of Cal Newport's book>
Can you elaborate on this book...or even perhaps start a new thread on it? This sounds like an area worth further exploration for many of us.
by Leesbro63
Tue Sep 12, 2017 4:16 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 333
Views: 20253

Re: Iphone X is $1000

How does charging work with the cordless thing? I often use an external battery to recharge during the day when I'm out and about. The cordless thing sounds like it will have to be laying on the flat surface. That's a dealbreaker for me. It does the opposite of the intent...the intent of wireless ch...
by Leesbro63
Sun Sep 10, 2017 6:03 am
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 36256

Re: Michael Kitces 4% rule podcast on Madfientist

Paul, I can't speak for others, but I can definitely speak for myself. I haven't suggested a "liability-matching portfolio". I have suggested to build a workable retirement plan combining stable income with variable portfolio withdrawals, while also keeping an eye on longevity issues ... I have spe...
by Leesbro63
Sat Sep 09, 2017 8:26 am
Forum: Personal Consumer Issues
Topic: Luxury car: perception vs reality
Replies: 118
Views: 6495

Re: Luxury car: perception vs reality

One observation is that even "average" cars today are excellent. "Back in the day", you really did have to spend to get something beyond basic and sparse. Today that's not the case. The 1975 Cadillac Seville was way nicer/better than the same year Chevy Nova on which is was based. But the difference...
by Leesbro63
Fri Sep 08, 2017 5:15 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 36256

Re: Michael Kitces 4% rule podcast on Madfientist

The following table gives an idea how hard it would be for a worker to retire at age 35. Assuming he starts at age 25, in order to have enough money at age 35 to last until age 100, each period for ten years he'd need to save from 588% to 107% of his desired retirement spending... I would assume th...
by Leesbro63
Thu Sep 07, 2017 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Paying 4 years tuition for college to get discount?
Replies: 22
Views: 2410

Re: Paying 4 years tuition for college to get discount?

That's exactly what happened in my case. In the end it did work out fine, but I admit that I wasn't sure how it was going to transact.
by Leesbro63
Thu Sep 07, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Paying 4 years tuition for college to get discount?
Replies: 22
Views: 2410

Re: Paying 4 years tuition for college to get discount?

A couple of key caveats. The money can't come from a 529 because only the expenses in the year of the payment will be qualified. Technically this is correct but there is a workaround if you have "extra money". And the workaround is that you use your own money to do the prepay, then withdraw from th...
by Leesbro63
Thu Sep 07, 2017 5:57 am
Forum: Personal Finance (Not Investing)
Topic: Paying 4 years tuition for college to get discount?
Replies: 22
Views: 2410

Re: Paying 4 years tuition for college to get discount?

My son graduated last December (a semester early) from a full-cost-to-me Ivy. And I did exactly that...I prepaid. I figured that the 2=5% annual tuition increases saved was a better risk free return than I could get elsewhere on that short term money. In the end, my son was able to graduate a semest...
by Leesbro63
Wed Sep 06, 2017 11:22 am
Forum: Personal Consumer Issues
Topic: Locking hub nuts on a vehicle - worth having?
Replies: 24
Views: 1178

Re: Locking hub nuts on a vehicle - worth having?

The lug nut key thing is a pain in the neck. Remembering to give it to the mechanic, remembering to get it back. Unless you park the car in places likely for crime, I'd pass. My cars have them and I'm almost ready to buy 4 regular lug nuts and forget it.
by Leesbro63
Wed Sep 06, 2017 11:12 am
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 36256

Re: Michael Kitces 4% rule podcast on Madfientist

What if the 85 year old lives to a 100 and then dies today? Apart from long-term care issues, which are tangential to the discussion here, the heirs would certainly have more than if the retiree was all fixed income for 15 years. Nothing is guaranteed, and all roads carry risk. That's my point. Som...
by Leesbro63
Wed Sep 06, 2017 10:25 am
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 36256

Re: Michael Kitces 4% rule podcast on Madfientist

As people age, for instance, they may reevaluate their buckets. For instance, it may not make as much as sense to have a full decade of spending in fixed income for an 85 year old considering that would easily cover than their remaining life expectancy (roughly six years). Oh really. Then what shou...
by Leesbro63
Wed Sep 06, 2017 10:22 am
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 36256

Re: Michael Kitces 4% rule podcast on Madfientist

The real problem comes when communicating broadly and someone using a bucket approach touting how they are 100% stocks and everyone else should be to, forgetting to mention the mental accounting they are doing to make their 'portfolio' appear to be all in risky assets... Exactly. Or someone with a ...
by Leesbro63
Wed Sep 06, 2017 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Variable Percentage Withdrawal
Replies: 13
Views: 1244

Re: Variable Percentage Withdrawal

What happens long term? With the Bengen approach, you COULD go broke but probably will die with a huge amount (compared to when you started). Is VPW set up to almost guarantee that you die nearly broke? I guess what I am saying is that I want to have my cake and eat it too. I want to withdraw just e...
by Leesbro63
Wed Sep 06, 2017 10:11 am
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 36256

Re: Michael Kitces 4% rule podcast on Madfientist

P.S: the problems with buckets in the traditional sense, is when some considers it to be superior...having non-volatile bucket for immediate spending etc. and saying that's a better strategy....nothing superior about it vs overall portfolio having the same mix of asset "types". True that in the end...
by Leesbro63
Wed Sep 06, 2017 10:08 am
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 36256

Re: Michael Kitces 4% rule podcast on Madfientist

As people age, for instance, they may reevaluate their buckets. For instance, it may not make as much as sense to have a full decade of spending in fixed income for an 85 year old considering that would easily cover than their remaining life expectancy (roughly six years). Oh really. Then what shou...
by Leesbro63
Wed Sep 06, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Variable Percentage Withdrawal
Replies: 13
Views: 1244

Variable Percentage Withdrawal

OK, you finally got my attention with this Variable Percentage Withdrawal thing. Looks promising. I went to the WIKI and looked it over. It's still not clear to me what is the "Cliffs Notes" version of what this is and how it works?
by Leesbro63
Sat Sep 02, 2017 12:31 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 36256

Re: Michael Kitces 4% rule podcast on Madfientist

Great chart. It clearly shows something most of us don't look at...the chance of death. We worry about having enough money to age 95. And I get it the goal needs to be to have a sustainable lifestyle/withdrawal rate to last as long as we do. But this sort of makes you realize that the odds are that ...