Search found 698 matches

by Swampy
Tue Jun 06, 2017 11:52 am
Forum: Personal Consumer Issues
Topic: Traveling for 3 weeks
Replies: 17
Views: 1567

Re: Traveling for 3 weeks

Three weeks is not that long, really - you don't have to worry about covering the toilets. Make sure you've paid any bills that may come in during your absence in advance before leaving which is easy with electronic bill pay. Make sure you have at least two different ATM/debit cards to access cash a...
by Swampy
Thu May 25, 2017 3:45 pm
Forum: Personal Consumer Issues
Topic: Air Conditioning unit / fix or replace
Replies: 14
Views: 1143

Re: Air Conditioning unit / fix or replace

As a prospective buyer, I'd insist on a completely new system for anything that is over 10-12 years old. Compressor failure at 17 years means the system is DOA. I'd do it right as a seller and not 'cheap out.' Buying a place with a makeshift patch job (compressor only) is just looking for trouble i...
by Swampy
Sat Apr 29, 2017 6:19 am
Forum: Investing - Theory, News & General
Topic: The Importance of “Cash on Hand” to Life Satisfaction
Replies: 29
Views: 3597

Re: The Importance of “Cash on Hand” to Life Satisfaction

...having a buffer of money available in checking and savings accounts confers a sense of financial security, which in turn is associated with greater life satisfaction. I retired in 2015 and, by design, keep three years' living expenses in cash. This absolutely "confers a sense of financial s...
by Swampy
Fri Apr 28, 2017 1:17 pm
Forum: Investing - Theory, News & General
Topic: The Importance of “Cash on Hand” to Life Satisfaction
Replies: 29
Views: 3597

The Importance of “Cash on Hand” to Life Satisfaction

This is an interesting article I came across. http://sonjalyubomirsky.com/files/2012/09/Ruberton-Gladstone-Lyubomirsky-2016.pdf An interesting excerpt toward the end is worth noting: Our results suggest that having a buffer of money available in checking and savings accounts confers a sense of finan...
by Swampy
Thu Apr 27, 2017 6:58 am
Forum: Personal Consumer Issues
Topic: Boglehead Ideas for College Graduation Gifts
Replies: 14
Views: 1220

Boglehead Ideas for College Graduation Gifts

Looking for Bogleheads inspired ideas of worthwhile gifting to college graduates. Feel free to include your rationale for the gift and what you would consider an over the top gift or one that might have unintended consequences.
by Swampy
Tue Apr 25, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Helping adult children
Replies: 81
Views: 8421

Re: Helping adult children

Son 1 has a lot of expenses, particularly with the children's many activities. We have been helping them with the many expenses related to activities as well as dental expenses and major home repairs... My question to you is "Has Son 1 asked for help?" I suggest you read "The Million...
by Swampy
Tue Apr 25, 2017 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Helping adult children
Replies: 81
Views: 8421

Re: Helping adult children

Son 1 has a lot of expenses, particularly with the children's many activities. We have been helping them with the many expenses related to activities as well as dental expenses and major home repairs... My question to you is "Has Son 1 asked for help?" I suggest you read "The Million...
by Swampy
Sat Feb 25, 2017 5:04 pm
Forum: Investing - Theory, News & General
Topic: Oscillating withdrawal rate - OWR
Replies: 10
Views: 919

Re: Oscillating withdrawal rate - OWR

Swampy, we may have acted similar to you. Isn't OWR another name for variable withdrawal rate? My 18 year withdrawal rate has certainly oscillated, but that was expected, so planned for. For me, planning for a big vacation in Europe or Asia, new autos, or buying and maintaining a lake cottage (all ...
by Swampy
Sat Feb 25, 2017 9:41 am
Forum: Investing - Theory, News & General
Topic: Oscillating withdrawal rate - OWR
Replies: 10
Views: 919

Re: Oscillating withdrawal rate - OWR

Why couldn't the FI or retired individual take advantage of this and vary the annual withdrawal rate, depending on his health, interests and portfolio ... I addressed this at the beginning. I don't suggest being lavish when adverse economic/markets dominate. The OWR can be as simple as annual withd...
by Swampy
Sat Feb 25, 2017 8:16 am
Forum: Investing - Theory, News & General
Topic: Oscillating withdrawal rate - OWR
Replies: 10
Views: 919

Oscillating withdrawal rate - OWR

Essentially it's a way of using variation of the withdrawal rate to get some flexibility during FI and/or retirement. Suppose someone has achieved FI and has a portfolio with 20x, 25x or more in annual expenses saved to sustain them during their halcyon years. Now suppose that with or without the ad...
by Swampy
Thu Feb 23, 2017 8:01 am
Forum: Investing - Help with Personal Investments
Topic: Churchill Management
Replies: 7
Views: 754

Re: Churchill Management

I can only relate my personal experience with Churchill Management ( one of the financial advisors I have used in the past ). RUN! The money I have saved from leaving 'advisors' (with their hands in my pocket) and underperformance due to active management with high expense ratio funds is substantial...
by Swampy
Sat Feb 04, 2017 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: What do you include in your asset allocation calculations?
Replies: 43
Views: 3870

Re: What do you include in your asset allocation calculations?

So, to be clear, there is some disagreement as to what is or is not included. 1. As I see it, a sum total of the estate includes stocks and bonds including ETF's and funds, REITS, CD's, Life cash value, CD's and other cash products, personal residence, investment real estate and exclude vehicles, co...
by Swampy
Sun Jan 29, 2017 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: What do you include in your asset allocation calculations?
Replies: 43
Views: 3870

Re: What do you include in your asset allocation calculations?

fixed income= bonds: in any shape or form CDs: in any shape or form money market/high yield savings fixed annuities with that said my emergency fund (budget expense account) is not counted toward's AA. either is any income producing vehicle; SS/pension etc. good luck jim How do you reconcile the fa...
by Swampy
Sat Jan 28, 2017 7:27 am
Forum: Investing - Help with Personal Investments
Topic: What do you include in your asset allocation calculations?
Replies: 43
Views: 3870

Re: What do you include in your asset allocation calculations?

I see a divergence of opinions regarding annuities and also between the separation of laddered CD's vs bond holdings. As regards to the cash value of life, I have an old policy that pays minimum 4% a year and cash value keeps growing every year. What about including that with the bond allocation? Th...
by Swampy
Fri Jan 27, 2017 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: What do you include in your asset allocation calculations?
Replies: 43
Views: 3870

What do you include in your asset allocation calculations?

Trying to get a clearer picture of 'real' investment asset allocation, I'm wondering what you decide to include in your total investment portfolio for the sake of completeness. Do you include investment real estate, collectibles, cash value of life insurance, CD's, cash holdings, precious metals, et...
by Swampy
Fri Jan 27, 2017 12:05 pm
Forum: Personal Consumer Issues
Topic: What sort of doctor specialty should I see?
Replies: 4
Views: 703

Re: What sort of doctor specialty should I see?

Honestly, asking for medical advise here is the wrong thing to do.
Go see a family practitioner or internist to start with and let them decide.
It may or may not be serious.
In before the lock.
by Swampy
Sun Jan 01, 2017 4:42 pm
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2017 BOGLEHEAD CONTEST
Replies: 676
Views: 23963

Re: REGISTRATION FOR THE 2017 BOGLEHEAD CONTEST

2037.34

Less bearish than I was last year and hope I'm just as wrong as last year.
I like pleasant surprises.
by Swampy
Mon May 30, 2016 8:11 am
Forum: Local Chapters and Bogleheads Community
Topic: Thank you to all of our Veterans
Replies: 14
Views: 1366

Thank you to all of our Veterans

...especially those who gave all and those who never fully recovered from the sacrifices they made so that we can live in the Land of the Free. It is because this is the Home of the Brave that we can enjoy our liberties in so many different ways. Thank a Vet, not just today - but whenever you meet o...
by Swampy
Tue Apr 26, 2016 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Fund transfer HELP/QUESTIONS
Replies: 5
Views: 471

Re: Roth IRA Fund transfer HELP/QUESTIONS

This is fraught with risks. He advised me to liquidate the fund and have us bank send me a check then I write a check and sent it to Mainstay. Say 'Good Bye' to your financial advisor and call Vanguard. They'll walk you through the process, even if you have to transfer everything 'in kind.' I am so...
by Swampy
Tue Apr 26, 2016 10:15 am
Forum: Investing - Help with Personal Investments
Topic: any opinions about investment clubs?
Replies: 19
Views: 1371

Re: any opinions about investment clubs?

I recently joined an investment club in my area. It's run under the aegis of //www.betterinvesting.org/. Although I do have the bulk of my investments in passive equity and bond funds, I joined this club primarily to meet other people and make new friends. But I can't help but question the investme...
by Swampy
Sun Apr 24, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Income AMount
Replies: 10
Views: 1902

Re: Retirement Income AMount

joebh wrote:
leaddog49 wrote:Can I retire comfortably in Florida on $65-70k a year after taxes?


Yes, depending on your definition of "comfortably".


+1
by Swampy
Thu Apr 21, 2016 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Should I bother with Options Trading?
Replies: 36
Views: 3580

Re: Should I bother with Options Trading?

Is there a compelling reason for me to bother with Options?
Is trading Options contradictory to Boglehead investing?


No.
Yes.
by Swampy
Thu Apr 21, 2016 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Reverse Mortgage - To pay off existing mortgage?
Replies: 6
Views: 884

Re: Reverse Mortgage - To pay off existing mortgage?

Personally, I think the reverse mortgage industry is guilty of predatory lending
practices similar to the 'cash out' from structured settlement operators.
by Swampy
Mon Apr 18, 2016 9:36 am
Forum: Personal Consumer Issues
Topic: Coin Collecting (will coins increase or decrease in value?)
Replies: 36
Views: 3948

Re: Coin Collecting (will coins increase or decrease in value?)

Like my other thread about baseball cards dying in value, will coins be that way you think? My dad gave my sister and I a huge old coin collection that his grandfather started. I have coins as old as the upper 1800's from several countries. I have about 30lbs worth of various coins and wonder if we...
by Swampy
Mon Apr 18, 2016 9:25 am
Forum: Forum Issues and Administration
Topic: How about a buy/sell (personal goods) forum?
Replies: 27
Views: 3668

Re: How about a buy/sell (personal goods) forum?

TravelGeek wrote:

Bottom line for me - I come here to learn and share, not to buy or sell. Not every site needs to do everything.

+1
by Swampy
Mon Apr 18, 2016 8:29 am
Forum: Investing - Help with Personal Investments
Topic: $100,000 fell into my lap and I have no idea what to do
Replies: 14
Views: 3508

Re: $100,000 fell into my lap and I have no idea what to do

First, if it is not too late, I would keep this pretty quiet. If word gets out that you "have money", lots of people are going to want you to loan them some of it. Second, beware of any of your friends from church, clubs, etc. who offer to help you manage your inheritance. I know this see...
by Swampy
Sun Apr 17, 2016 4:04 pm
Forum: Forum Issues and Administration
Topic: How about a buy/sell (personal goods) forum?
Replies: 27
Views: 3668

Re: How about a buy/sell (personal goods) forum?

jay22 wrote:I edited the title to remove any confusion.


Craigslist.
by Swampy
Fri Apr 15, 2016 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Magic Number? How much to save for retirement
Replies: 45
Views: 7780

Re: Magic Number? How much to save for retirement

Depending on the age you plan to retire, the 'magic number' is between 15-40 times your anticipated annual expenses . Earlier retirement means you need a higher multiple. That number will be constantly shifting and changing, but a realistic estimate while working toward a goal will get you further ...
by Swampy
Thu Apr 14, 2016 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: grateful for any input on a major, urgent real estate decision
Replies: 75
Views: 6615

Re: grateful for any input on a major, urgent real estate decision

You've gotten a lot of good advice so far. It's Thursday. Sleep on it for the next three nights (BUT don't 'stew' about it). If the answer doesn't come together logically by Sunday morning, don't buy it. 'Trying' to make something happen when all else signals otherwise is a mistake. Don't let the la...
by Swampy
Thu Apr 14, 2016 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: grateful for any input on a major, urgent real estate decision
Replies: 75
Views: 6615

Re: grateful for any input on a major, urgent real estate decision

PS...
we've had three realtors over this week who all told us it's a "great investment" at the price on the table.

Yeah, I've heard that whopper before.
by Swampy
Thu Apr 14, 2016 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: grateful for any input on a major, urgent real estate decision
Replies: 75
Views: 6615

Re: grateful for any input on a major, urgent real estate decision

We learned this week that our landlord has decided to sell. This is the second time this has happened for us in the past 4 years. Our landlord has offered us first dibs, at a price that is 1. significantly below the current market value of the house, and 2. significantly more than we'd like to pay....
by Swampy
Wed Apr 13, 2016 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: CPA pricing and physical location
Replies: 41
Views: 2986

Re: CPA pricing and physical location

Anyone? Any suggestion on who to go with? Have to pick soon as deadline approaching! :?: If it's for 2015 tax prep, waiting till this week was a poor move on your part. File an extension form, then perform your due diligence. Decisions made at the last minute aren't usually the best. Good CPA's are...
by Swampy
Sun Apr 10, 2016 4:10 pm
Forum: Personal Consumer Issues
Topic: Car hit - Insurance or Small Claims Court
Replies: 16
Views: 2306

Re: Car hit - Insurance or Small Claims Court

Has a police report been filed???

You've got to get legal documentation and a verifiable timeline established.
Your first mistake was waiting a week if you didn't call the police.

Honestly, this sounds like a Judge Judy episode in the making.
by Swampy
Sun Apr 10, 2016 8:53 am
Forum: Personal Consumer Issues
Topic: Van vibration problem - any car experts?
Replies: 14
Views: 1024

Re: Van vibration problem - any car experts?

If you're willing to spend $5-700 for new tires, I bet it would 'buy' that kind of time for you. Maybe you'll be happy enough to wait a little longer to replace the vehicle. Then again, it may not 'fix' the problem but, by your own admission, Wheels rotated because the front wheels were balding on t...
by Swampy
Sun Apr 10, 2016 8:39 am
Forum: Personal Consumer Issues
Topic: Van vibration problem - any car experts?
Replies: 14
Views: 1024

Re: Van vibration problem - any car experts?

What's magical about 4-5 months from now, other than the new models coming out?
by Swampy
Tue Mar 29, 2016 8:29 am
Forum: Personal Finance (Not Investing)
Topic: When to drop life insurance after achieving FI?
Replies: 10
Views: 1404

Re: When to drop life insurance after achieving FI?

Any other thoughts out there?
by Swampy
Tue Mar 29, 2016 8:27 am
Forum: Investing - Help with Personal Investments
Topic: When do I sell????
Replies: 36
Views: 3994

Re: When do I sell????

Hey so I just found out about ETF investing and it really is the best thing since slice bread, but I still need some clarification on when to sell the ETF. Some advisors recommend to sell once it goes below -8% to prevent further losses,while others recommend to buy more when it goes under(DVA). Ne...
by Swampy
Mon Mar 28, 2016 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: When to drop life insurance after achieving FI?
Replies: 10
Views: 1404

Re: When to drop life insurance after achieving FI?

Caduceus wrote: My instincts would be to try and quantify what replacing this caregiving would cost, and then protecting just for this amount... A very good and valid point. Watty brought up another interesting angle: It would also help cover only getting one Social Security check if one of you dies...
by Swampy
Mon Mar 28, 2016 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: When to drop life insurance after achieving FI?
Replies: 10
Views: 1404

Re: When to drop life insurance after achieving FI?

Obviously with a special needs child you can not afford to take any chances that would result in your child not receiving the help they need. By definition, if you are financially independent you have sufficient assets to meet your financial needs and so no longer need the insurance. If not, you're...
by Swampy
Mon Mar 28, 2016 3:10 pm
Forum: Investing - Theory, News & General
Topic: It's all about saving, not investing really.
Replies: 84
Views: 9129

Re: It's all about saving, not investing really.

So I've come to the conclusion that investing money properly is only a small part of the equation to early retirement. I read so many posts by people wanting to retire early so they go 70%->100% on equities thinking that's the major component to building a nest egg. Correct me if I'm wrong, but eve...
by Swampy
Mon Mar 28, 2016 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: When to drop life insurance after achieving FI?
Replies: 10
Views: 1404

When to drop life insurance after achieving FI?

My wife and I feel comfortable in that we believe we have achieved FI and are into our 4th year of post-work life. Our portfolio has increased steadily every year in spite of some unexpected expenses. We have a disabled child who will require lifetime care and have set up a Supplemental Needs (Speci...
by Swampy
Sat Mar 26, 2016 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Unwanted cold call from Mass Mutual agent
Replies: 46
Views: 4345

Re: Unwanted cold call from Mass Mutual agent

Any thoughts or advice in this? I no longer answer calls from unknown callers. If it's that important - they can leave a message. My wife, on the other hand, likes to answer all callers :oops: and just gets flustered, much to my chagrin. If I inadvertently pick up a cold call, my response is simple...
by Swampy
Sat Mar 26, 2016 9:28 am
Forum: Personal Consumer Issues
Topic: Groupon Deal - Feels like a scam
Replies: 11
Views: 2393

Re: Groupon Deal - Feels like a scam

Such a deal: :oops:
...half priced coupon to be used at Starbucks...

That said, it's still overpriced by, at least, a factor of 2-3.
:P

Make your own. It'll taste better and you'll achieve FI earlier.
:moneybag :moneybag :moneybag
by Swampy
Wed Mar 23, 2016 11:27 am
Forum: Investing - Help with Personal Investments
Topic: take money from expiring HELOC for opportunities
Replies: 8
Views: 490

Re: take money from expiring HELOC for opportunities

I'm really undecided about how I want my life to proceed, so that is the appeal of having more resources, but there is the cost.


Borrowed money is not something I would consider as a resource.

That said, I think you have a terrible idea.
by Swampy
Wed Mar 23, 2016 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Financially, how have you done/doing vs. your parents?
Replies: 134
Views: 13158

Re: Financially, how have you done/doing vs. your parents?

There's a lot written that the young folks today won't do as well as their parents did financially perhaps for the first time. I was wondering how you feel you are doing or have done compared to your parents? If you could explain why that would be helpful. Considering my parents lost everything , i...
by Swampy
Wed Mar 23, 2016 7:57 am
Forum: Personal Consumer Issues
Topic: How to get rid of poison ivy
Replies: 58
Views: 4175

Re: How to get rid of poison ivy

Pay someone to do it for you. It'll be less expensive than a trip to the clinic or ER. By your own admission "I'm really allergic to the stuff and have a lot in my yard." FYI - Roundup kills everything - not just poison ivy - so, depending on the concentration, you'll have a giant dirt pa...
by Swampy
Mon Mar 21, 2016 11:40 am
Forum: Investing - Theory, News & General
Topic: How can we see if stock markets are about to crash?
Replies: 52
Views: 5051

Re: How can we see if stock markets are about to crash?

What indicators do you personally track to identify when market is about to crash? What advice can you provide to understand market conjuncture better? I use my personal "Sleep well at night" indicator. All others are irrelevant. Don't be swayed by bluster, bravado or B S. There is NO way...
by Swampy
Thu Mar 10, 2016 8:54 pm
Forum: Personal Consumer Issues
Topic: Concierge medicine Worth It????
Replies: 168
Views: 17048

Re: Concierge medicine Worth It????

Concierge medicine worth it????


In a word - NO.
by Swampy
Thu Mar 10, 2016 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Renting to Family Members
Replies: 26
Views: 2891

Re: Renting to Family Members

It's nice that you care but... My opinion is to let them work it out and learn the life lessons. They are educated adults with two incomes. If you must do something, offer a gift that they could use for higher rent if they wanted but let them make any decisions. It sounds like you are wanting to pu...
by Swampy
Thu Mar 03, 2016 12:37 pm
Forum: Investing - Theory, News & General
Topic: "If You Can" book - Free Promo
Replies: 27
Views: 4624

Re: "If You Can" book - Free Promo

Thank you, Doctor Bernstein.

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