Search found 1230 matches

by Snowjob
Tue Mar 21, 2017 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: My retirement funding strategy - for comments please
Replies: 10
Views: 1102

Re: My retirement funding strategy - for comments please

Having a large gap between spouses age wise is an interesting dynamic. Not to side track it to much, but if your younger spouse worked and had accumulated the same social security benefit would that change the decision? what if the younger spouse was very successful and was entitled to a larger bene...
by Snowjob
Tue Mar 21, 2017 11:14 am
Forum: Investing - Theory, News & General
Topic: What's your strategy for withdrawing funds in Retirement ?
Replies: 25
Views: 1899

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

Heavily withdraw my 401k between 5x->70.

At the age of 70, convert what is left in the 401k to an inflation indexed SPIA.

Taxable account will be left to the kids for step up basis, If I don't have kids then it will be given to charity.
by Snowjob
Sun Mar 19, 2017 5:15 pm
Forum: Investing - Theory, News & General
Topic: What % of your income have you converted to wealth?
Replies: 74
Views: 9848

Re: What % of your income have you converted to wealth?

4 years later still 58%. Pleased with net worth progression but 4 peak earnings years for both of us and weak international equity performance (we are global market cap weighted) kept the wealth to cumulative income ratio in check. College costs wrapped up in 2016 - whew...... I don't recall where ...
by Snowjob
Thu Mar 16, 2017 5:53 am
Forum: Investing - Theory, News & General
Topic: Astrid Menks Buffett's Asset Allocation
Replies: 7
Views: 870

Re: Astrid Menks Buffett's Asset Allocation

Agreed, the portfolio will be sizable and their required with-drawls will be quite small -- if I recall they have always lived a modest lifestyle despite being enormously wealthy!
by Snowjob
Fri Mar 10, 2017 12:56 pm
Forum: Investing - Theory, News & General
Topic: Asset Placement Turned Upside Down, Bonds in Taxable?
Replies: 51
Views: 3784

Re: Asset Placement Turned Upside Down, Bonds in Taxable?

You guys are missing a important issue that has been around for more than 8 years. Tax exempt bonds yield (VWITX) is the same or more than intermediate term bonds (VFICX) and better than treasuries. So for a very long time just owning tax exempt bonds was a better deal than owing total bonds or tre...
by Snowjob
Fri Mar 10, 2017 10:14 am
Forum: Investing - Theory, News & General
Topic: Asset Placement Turned Upside Down, Bonds in Taxable?
Replies: 51
Views: 3784

Re: Asset Placement Turned Upside Down, Bonds in Taxable?

As someone has argued this point with Doc before, I'll summarize the findings. Yes, stocks in a Roth are expected to leave you with a higher ending balance HOWEVER, this is only the case if you do not re-balance to a tax adjusted set asset allocation (essentially your taking more risk). That was th...
by Snowjob
Fri Mar 03, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 15245

Re: Possibly Financially Independent and Feeling Miserable

1.) Keep saving in HSA and 401k for tax purpose and let the rest of your pay check go straight to the cash account. 2.) Ignore money all together from this point forward and focus 100% on the rest of life 2a.) Internally focus on eating well, exercising, and getting a full rest 2b.) Join a bunch of ...
by Snowjob
Thu Feb 23, 2017 11:42 am
Forum: Investing - Help with Personal Investments
Topic: S&P at 22 times multiple
Replies: 40
Views: 4624

Re: S&P at 22 times multiple

Some of this could be the pricing in of expected tax reductions boosting the E in that ratio. While this forum may ban talk about future policy the market does not ignore these things and is discounting some of this appropriately. If you back that down to 20, its more in line with the historical 16-...
by Snowjob
Wed Feb 22, 2017 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Millionaire
Replies: 65
Views: 7723

Re: New Boglehead Millionaire

Congrats!!

Impressive you did it in 5 years!!
by Snowjob
Tue Feb 21, 2017 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: "High conviction investing"
Replies: 26
Views: 1426

Re: "High conviction investing"

I believe "high conviction" means "a willingness to place large concentrated bets in a few stocks you really believe in, rather than playing it safe by spreading it around into lots of stocks that seem safe and sorta OK." In a mutual fund company--to the extent that it is anythi...
by Snowjob
Mon Feb 20, 2017 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Once having achieved 30X -- share your strategy?
Replies: 42
Views: 4118

Re: Once having achieved 30X -- share your strategy?

I suspect I might overshoot to that level at some juncture.. In the event that I do, I'll probably keep about 7x of the 30x in the Vanguard All World ETF in the taxable account. Will use the dividends and leave the shares to heirs / charity. The other 23x will spent down to 0 / annuitized over my li...
by Snowjob
Fri Feb 10, 2017 11:19 am
Forum: Investing - Theory, News & General
Topic: Does Micheal Kitces Rising Retirement Glidepath Still have legs
Replies: 47
Views: 3872

Re: Does Micheal Kitces Rising Retirement Glidepath Still have legs

Based upon his misguided negative attitude against Back-Door Roths (and being the only one in this camp) I don't read anything Kitces writes. Not to deviate to much but I enjoy listening to dissent, please elaborate =) DaftInvestor is probably referring to these, among others: viewtopic.php?f=10&am...
by Snowjob
Wed Feb 08, 2017 1:58 pm
Forum: Investing - Theory, News & General
Topic: Does Micheal Kitces Rising Retirement Glidepath Still have legs
Replies: 47
Views: 3872

Re: Does Micheal Kitces Rising Retirement Glidepath Still have legs

Oddly enough, speaking solely for myself, I found that my personal risk tolerance did decline as I approached the "danger zone" years, and now that I am in retirement I find myself relaxing a bit. This is all 100% subjective. Most glide paths would call for continuing to reduce stock allo...
by Snowjob
Wed Feb 08, 2017 1:42 pm
Forum: Investing - Theory, News & General
Topic: Does Micheal Kitces Rising Retirement Glidepath Still have legs
Replies: 47
Views: 3872

Re: Does Micheal Kitces Rising Retirement Glidepath Still have legs

DaftInvestor wrote:Based upon his misguided negative attitude against Back-Door Roths (and being the only one in this camp) I don't read anything Kitces writes.


Not to deviate to much but I enjoy listening to dissent, please elaborate =)
by Snowjob
Wed Feb 08, 2017 10:39 am
Forum: Investing - Theory, News & General
Topic: Does Micheal Kitces Rising Retirement Glidepath Still have legs
Replies: 47
Views: 3872

Re: Does Micheal Kitces Rising Retirement Glidepath Still have legs

My allocation will become more equity heavy as I age -- probably to the 90/10 level at the upper end. However, the important side note to this is that I will be trading bonds for Social Security and Annuities in my 70's. Absent the safety nets of SS and Annuities, I don't think an increased allocati...
by Snowjob
Thu Feb 02, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Protecting a sizable amount of capital for 10 years.
Replies: 16
Views: 2021

Re: Protecting a sizable amount of capital for 10 years.

Erwin wrote:I wrote a while back about a goal to protect capital not needed until year 10 in the safest possible way. ...


May I ask what the purpose is? is there something that you need exactly X dollars for in 10 years?
by Snowjob
Wed Feb 01, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: At what point (if ever) it is OK to pause retirement contribution to buy a house?
Replies: 29
Views: 2114

Re: At what point (if ever) it is OK to pause retirement contribution to buy a house?

I am not a home owner but it has crossed my mind.

I suppose when asset prices are elevated as they are today, its as good a time as any to be funneling $$ to a house instead of stocks and bonds.
by Snowjob
Wed Feb 01, 2017 9:46 am
Forum: Investing - Theory, News & General
Topic: Thoughts on the S&P 400, 600 indexes?
Replies: 6
Views: 964

Re: Thoughts on the S&P 400, 600 indexes?

... In general you shouldn't expect any particular screening procedure to add or subtract value, but S&P's earnings requirements do end up screening out some relatively recent IPOs (which have historically subsequently underperformed) and companies on the short side of the quality and profitabi...
by Snowjob
Mon Jan 30, 2017 3:19 pm
Forum: Personal Consumer Issues
Topic: Nissan? (Cars.)
Replies: 52
Views: 3376

Re: Nissan? (Cars.)

My 2005 Sentra got me 300,000 miles before I scrapped it.

Looked through consumer reports and it appears quality has decreased since then. Ended up with a 2015 Subaru Imprezza and have been very happy so far. I would love to get another 300,000 there. Fingers crossed.
by Snowjob
Fri Jan 27, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Reached a milestone: $500K in Retirement Accounts
Replies: 44
Views: 5873

Re: Reached a milestone: $500K in Retirement Accounts

Congratulations!!

I'm closing in on a big milestone myself. It is amazing when when I think back about the journey. You both a lot to be proud of, thanks for sharing and thanks for reminding us of these very important factors that have led to your success!
by Snowjob
Thu Jan 26, 2017 9:46 am
Forum: Investing - Theory, News & General
Topic: Any opinions on VDIGX vs VIG? (Vanguard Div Growth vs Div Apprec)
Replies: 12
Views: 919

Re: Any opinions on VDIGX vs VIG? (Vanguard Div Growth vs Div Apprec)

VDIGX wins hands down because its actively managed vs a passive rule constrained basket of stocks.

They can buy equity after a dividend has been cut or just introduced for example.

Whether investing in dividend funds is the right course of action is another topic entirely.
by Snowjob
Tue Jan 24, 2017 10:05 am
Forum: Investing - Theory, News & General
Topic: Bill Bernstein "If You Can"
Replies: 18
Views: 4686

Re: Bill Bernstein "If You Can"

Okay, William J. Bernstein wrote his seminal "If You Can" for Millenials. Yet did he ever write one for those of us in Generation X? We seemed to get along just fine with 4 Pillars of Investing, but we had longer attention spans than the millenials. :) I'm waiting for the next edition in ...
by Snowjob
Tue Jan 17, 2017 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total World Stock Index Fund Review
Replies: 49
Views: 8776

Re: Vanguard Total World Stock Index Fund Review

I use it for my taxable index. no capital gains ever Can you explain what you mean by this? How are there no capital gains distributions with this? Also, doesn't VT have 15% turnover, which is more than the average turnover of VTI+VXUS, and you could arrange the two of these between taxable and tax...
by Snowjob
Sat Jan 14, 2017 7:36 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 16962

Re: "Millennials may need to double how much they save for retirement"

Yay for fellow '82ers I am not sure why younger people needing to save more is a surprise. I think its obvious. If you take away the benefits of a pension, and threaten to take away social security, the response is to plan as if they don't exist. In that case our savings rates should trend much clo...
by Snowjob
Thu Jan 12, 2017 2:21 pm
Forum: Personal Consumer Issues
Topic: downhill skiing
Replies: 32
Views: 2354

Re: downhill skiing

I know a few 85 year old's that were up skiing my way last weekend
by Snowjob
Thu Jan 12, 2017 2:11 pm
Forum: Investing - Theory, News & General
Topic: Y2k retiree how is s/he holding up after 2016
Replies: 26
Views: 3957

Re: Y2k retiree how is s/he holding up after 2016

https://www.kitces.com/blog/why-merely-mediocre-returns-can-be-worse-than-a-market-crash/ This related article highlights some of biggest challenges. At some point, 10,15 years of mediocre / declining returns takes out everyone. The 10 year example he speaks of is only a 2 sigma event. The 2000 reti...
by Snowjob
Tue Jan 03, 2017 12:10 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 28522

Re: Whats your number to walk away?

Age - Low/Mid 30s Pension - None SS assump - 75% Walk away money 2M with a paid off house around 50 years old, 3.5M if that I were to quit today as the house has not yet materialized and there will be many more expenses between now and then.. w/o Social Security Id probably want 2.5M by 50 or just d...
by Snowjob
Thu Dec 15, 2016 8:40 am
Forum: Investing - Theory, News & General
Topic: "Twenty Ways To Tell If You're A Lousy Investor"
Replies: 57
Views: 6357

Re: "Twenty Ways To Tell If You're A Lousy Investor"

Guilty of about 6, but I'll take the "lousy" results I've had any day of the week
by Snowjob
Mon Dec 12, 2016 9:48 am
Forum: Investing - Theory, News & General
Topic: Roth wake-up call...
Replies: 24
Views: 3693

Re: Roth wake-up call...

Well, there is always the comparison anxiety -- I always have held that roughly 25% or so in bonds or more (graham rule) but did a good job with saving and employing strategic leverage etc. For someone of my income profile the results are spectacular, but achieving these great risk adjusted results ...
by Snowjob
Fri Dec 09, 2016 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: HSA - is keeping 40 years of medical records practical?
Replies: 128
Views: 9309

Re: HSA - is keeping 40 years of medical records practical?

I just keep the major expenses -- scan them / snap a pic of them and load them into a PDF at the end of each calendar year.

Simple spreadsheet showing the year and amount down column A&B so I know the total exclusion I have built up.

I plan to use them for tax efficiency when I'm older.
by Snowjob
Thu Dec 01, 2016 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: At 10x, how long before I reach 25x?
Replies: 18
Views: 3797

Re: At 10x, how long before I reach 25x?

All depends on your inputs -- I like to use 3% equity / 0% bond as I am a bit of a pessimist. Which at your proportions would be effectively a 2% real yield plus contributions. That works out to be ~11 years under the 1x a year savings plan vs ~18 years under the .5x plan. Change that to 4% equity /...
by Snowjob
Thu Dec 01, 2016 4:03 am
Forum: Investing - Theory, News & General
Topic: Paul Merriman challenges John Bogle
Replies: 157
Views: 13848

Re: Paul Merriman challenges John Bogle

... There's another thing, too. I'm about 2/3rds of the way through Charles Geisst's Wall Street: A History: From Its Beginnings to the Fall of Enron, and I'm becoming more and more and more convinced that modeling financial data in terms of time series and statistical processes is just too silly t...
by Snowjob
Wed Nov 30, 2016 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling like you've "made it"
Replies: 107
Views: 10942

Re: Feeling like you've "made it"

B0bL0blawsLawBl0g wrote:...Part of it is anxiety that we need to safeguard what we have built up....


And that is not something entirely under our control =O
by Snowjob
Wed Nov 30, 2016 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling like you've "made it"
Replies: 107
Views: 10942

Re: Feeling like you've "made it"

Similar age (early / mid 30s) and i've gone through a few stages Early 20's: starting to save early, thinking I was ahead of the game, very (optomistic) Late 20's: realizing its a terribly long slog and inflation is keeps moving the goal posts (depressed) Early 30's: achieved enough wealth to feel c...
by Snowjob
Wed Nov 30, 2016 10:56 am
Forum: Investing - Help with Personal Investments
Topic: 50/50 but too much cash
Replies: 6
Views: 1277

Re: 50/50 but too much cash

4% withdrawal rate. One home but in a different location. I was planning on selling current home and buying new home in new location. 4% withdrawal rate may be too aggressive at age 50 depending on the size of the portfolio. I suspect that is the initial, and would be reduced once SS or a pension o...
by Snowjob
Tue Nov 29, 2016 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: 50/50 but too much cash
Replies: 6
Views: 1277

Re: 50/50 but too much cash

I think the hard part for me is not understanding the other potential moving pieces -- Will you be keeping both houses and renting one? Just snowbirding perhaps? Having two homes has its expenses, so the differences between 1 and 2 abodes certainly affects things -- would this be and up-scaling, whe...
by Snowjob
Sat Nov 05, 2016 3:44 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs Buybacks & Index Weights
Replies: 4
Views: 651

Re: Dividends vs Buybacks & Index Weights

Ah I guess I confused myself -

I was thinking about the alternative of holding the stock directly vs an index fund and forgot that the fund would need reduce its holdings, otherwise It would be an increasingly overweight position. :oops:
by Snowjob
Sat Nov 05, 2016 1:21 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs Buybacks & Index Weights
Replies: 4
Views: 651

Dividends vs Buybacks & Index Weights

Simple Example Imagine an index representing just 2 companies. Same industry, same economics, same market share, growth profile etc etc. Each year the companies earn 10% on assets: The full 10% of the return goes to reinvestment in the business. As investors in this index our two stock index stays e...
by Snowjob
Sat Nov 05, 2016 12:23 pm
Forum: Investing - Theory, News & General
Topic: Secrets of the S&P500
Replies: 10
Views: 2372

Re: Secrets of the S&P500

To much demand for equity and not enough of it to go around for some of these companies as far as market makers are concerned. If it was true market cap, wouldn't the extra demand drive up the equity prices enough to eventually force more supply to leave insiders hands and hit the market? I think wh...
by Snowjob
Sat Nov 05, 2016 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 23608

Re: How to retire early (in your 30s or 40s)?

3) Children. This (or these) will almost certainly be the absolute most expensive decision you will make . I have two, and MAN they are expensive. If you count all the expenses from conception to graduation... throw in the bigger house and car needed to accommodate them, extra curricular activities...
by Snowjob
Thu Oct 27, 2016 7:20 am
Forum: Personal Consumer Issues
Topic: Mr. Money Mustache donates $100k to charity, writes about effective altruism
Replies: 100
Views: 11062

Re: Mr. Money Mustache donates $100k to charity, writes about effective altruism

Just to put things in perspective if you plan do do something similar - Mr Money Mustasche makes over $400k per year from advertisements on his websites alone. It's in a New Yorker article from earlier this year. Obviously he doesn't spend the vast majority of it given his thriftiness, but it does ...
by Snowjob
Mon Oct 24, 2016 8:21 am
Forum: Investing - Theory, News & General
Topic: Decline in number of publicly traded companies in US
Replies: 2
Views: 594

Re: Decline in number of publicly traded companies in US

Yeah I've always thought this was a problem. On one hand, I have no immediate solution. On the other hand, I think I am still early enough in the game where the lack of diversity across industries doesn't matter. Maybe in 50 years the make up of the index will be quite lacking.
by Snowjob
Fri Oct 21, 2016 10:51 am
Forum: Investing - Theory, News & General
Topic: "Years Of Expenses": Preferable To "% Of Portfolio" For Retirees' Fixed Income?
Replies: 39
Views: 3015

Re: "Years Of Expenses": Preferable To "% Of Portfolio" For Retirees' Fixed Income?

I plan on keeping X% to control risk, however I find it very comforting to just divide that number by (expected expenses less 50% of equity dividends) to see how deep of a recession I could probably ride out. Ultimately if I had way more than I needed I would adopt a liability matching portfolio wit...
by Snowjob
Fri Oct 21, 2016 10:40 am
Forum: Investing - Help with Personal Investments
Topic: 61 yo in all stocks - tone this down & life annuity choice...
Replies: 19
Views: 2620

Re: 61 yo in all stocks - tone this down & life annuity choice...

Good advice from everyone so far -- I am curious if you have always worked that your small retail business. With that wage profile I think you have down an outstanding job preparing for retirement. What got you into the duplex? That looks like it was/is a great driver of your wealth and current inco...
by Snowjob
Mon Oct 17, 2016 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Laid off at 40 - What to do?
Replies: 42
Views: 6768

Re: Laid off at 40 - What to do?

I don't understand why you are not retired or very close to it right now.. Because his wife doesn't want him to be retired. She doesn't think it is "fair" for him to not work while she does. She uses socialization at the day care as the excuse. A very real factor to consider for some peop...
by Snowjob
Fri Oct 14, 2016 9:27 am
Forum: Investing - Theory, News & General
Topic: 39 Years Old; 50/50 Asset Allocation Reasonable?
Replies: 19
Views: 2058

Re: 39 Years Old; 50/50 Asset Allocation Reasonable?

I think your risk comes far more from whether or not that $50k estimate of spending will really stand than from what the asset allocation is in your retirement portfolio. Of course a difference is that you cannot control the market but you can control what you spend, pending some possible event bey...
by Snowjob
Thu Oct 13, 2016 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total World Stock Index Fund Review
Replies: 49
Views: 8776

Re: Vanguard Total World Stock Index Fund Review

I use it for my taxable index. no capital gains ever and I can tweak portfolio tilts as needed in the roth or 401k
by Snowjob
Tue Oct 04, 2016 12:25 pm
Forum: Personal Consumer Issues
Topic: Aging and Spending
Replies: 54
Views: 9547

Re: Aging and Spending

My parents are now in their early 70's and one of them does not wish to travel much anymore among other things. While very active they have become less adventurous. Additionally, physical ailments have crept in. These will generally put a cap on certain entertainment items (big vacations, ski trips ...
by Snowjob
Thu Sep 29, 2016 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Anyone feel like ripping this asset allocation to shreds?
Replies: 58
Views: 3623

Re: Anyone feel like ripping this asset allocation to shreds?

Thanks for all the great feedback. So much meat on the bone from you guys ... I'm super impressed with the minds paying attention to this forum. ---------UPDATED AA--------- PROCESS: Move cash into these allocations at rate of 30K/quarter, rebalancing by adding rather than selling. Do this for 8-10...
by Snowjob
Thu Sep 29, 2016 9:37 am
Forum: Personal Consumer Issues
Topic: The Bogleheads' "100 Things Worth Every Penny" List
Replies: 275
Views: 37472

Re: The Bogleheads' "100 Things Worth Every Penny" List

Living in California, instead of one of those cheap knock-off states people try to talk themselves into! There are only two types of people in this world. People who live in New York and those who wish they could live in New York. I agree. Ithaca NY is awesome. I thought Ithaca was gorge ous =P

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