Search found 204 matches

by TN_Boy
Tue Jan 16, 2018 10:21 am
Forum: Personal Consumer Issues
Topic: Need to buy new printer. Suggestions for best value?
Replies: 21
Views: 958

Re: Need to buy new printer. Suggestions for best value?

We gave up on color printing at home years ago because we realized very little of what we need to print needs to be in color, and ink is ridiculously expensive, and doesn't hold up well when it sits idle for weeks or months. We did the same mostly because you can print color photos online mailed to...
by TN_Boy
Mon Jan 08, 2018 7:36 pm
Forum: Personal Consumer Issues
Topic: The "Forever Home" Myth: Should I Plan on Buying 2 Homes?
Replies: 36
Views: 3268

Re: The "Forever Home" Myth: Should I Plan on Buying 2 Homes?

Don't know if it's a myth, but I am planning on owning exactly one home. The transaction costs, and the unpleasantness of dealing with lawyers, real estate agents, banks etc are more than enough to dissuade me from wanting a series of homes that is "just right" for each phase of my life; I just wan...
by TN_Boy
Mon Jan 08, 2018 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: What strategy do you use to reduce sequence of returns risk in retirement?
Replies: 117
Views: 7211

Re: What strategy do you use to reduce sequence of returns risk in retirement?

I view SS as largely guaranteed -- certainly for those already taking it. TN_Boy, Yes and no. 1) Yes. The amount might be guaranteed. 2) No. The government might increase the portion of SS that will be taxed. Hence, you will have less take-home SS income. KlangFool KlangFool, You are right, in fact...
by TN_Boy
Sun Jan 07, 2018 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: What strategy do you use to reduce sequence of returns risk in retirement?
Replies: 117
Views: 7211

Re: What strategy do you use to reduce sequence of returns risk in retirement?

OP, IMHO, this risk is only relevant if your portfolio is less than 50X your annual expense. To take an extreme example, if your portfolio is 100X or more your annual expense, this risk is totally irrelevant. So, the first question to ask on this problem is the portfolio size in relation to the ann...
by TN_Boy
Sat Jan 06, 2018 8:05 pm
Forum: Investing - Theory, News & General
Topic: Retire on dividends & pay taxes with principal?
Replies: 10
Views: 1258

Re: Retire on dividends & pay taxes with principal?

Dividends don't give you steady income. Why would you assume something crazy like that? Blue chip dividend tend to increase from year to year, correct... According to PortfolioVisualizer "living off dividends" would have meant going from $32,000 a year up to $57,000 and then down to $26,000 a year ...
by TN_Boy
Sat Jan 06, 2018 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: What strategy do you use to reduce sequence of returns risk in retirement?
Replies: 117
Views: 7211

Re: What strategy do you use to reduce sequence of returns risk in retirement?

TN_Boy Your read on Pfau/Kitces is correct. My personal approach to this was to have extra cash in my taxable account. Almost all of our non equities are in tax deferred and I did not want to tap that for living expenses as I wanted to do a series of Roth conversions. There has been a fair amount o...
by TN_Boy
Sat Jan 06, 2018 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: What strategy do you use to reduce sequence of returns risk in retirement?
Replies: 117
Views: 7211

Re: What strategy do you use to reduce sequence of returns risk in retirement?

I think one or two oeople mentioned incone flooring. That is the technique that most likely best protects against sequence of return risk. You establish an income stream using safe fixed income assets that have inflation protection: social security, COLA'd SPIAs, and TIPs at a level to cover projec...
by TN_Boy
Sat Jan 06, 2018 10:12 am
Forum: Investing - Help with Personal Investments
Topic: What strategy do you use to reduce sequence of returns risk in retirement?
Replies: 117
Views: 7211

Re: What strategy do you use to reduce sequence of returns risk in retirement?

Take a look at Wade Pfau's article "Rising Equity Glide Path." Basically it talks about being more conservative in terms of AA around the time you retire and letting your AA drift higher later. A few posters have hinted at a part of this strategy which is to keep a few years of income needs in cash...
by TN_Boy
Thu Jan 04, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: What strategy do you use to reduce sequence of returns risk in retirement?
Replies: 117
Views: 7211

Re: What strategy do you use to reduce sequence of returns risk in retirement?

Reviewing my portfolio and IPS strategy for 2018 forward. Have some questions for what other's do or strategize. mahalo j :D For reference: DFA on Sequence of Return Risk https://earlyretirementnow.com/2017/05/17/the-ultimate-guide-to-safe-withdrawal-rates-part-14-sequence-of-return-risk/ Wiki: Wit...
by TN_Boy
Mon Jan 01, 2018 12:05 pm
Forum: Personal Consumer Issues
Topic: help me optimize new snow tires
Replies: 30
Views: 1562

Re: help me optimize new snow tires

So there are two recommendations in this thread to run winters tires all year round, and I sure don't get the logic. Winter tires wear faster, and except when it is well, winter, are inferior to all seasons and summer tires in about all ways. In much of the country, running winters all year would b...
by TN_Boy
Sun Dec 31, 2017 4:57 pm
Forum: Personal Consumer Issues
Topic: help me optimize new snow tires
Replies: 30
Views: 1562

Re: help me optimize new snow tires

Wow you're getting some odd advice that's all over the map. In fact everything depends on your driving habits/requirements and related issues like how long you're going to keep this van. Unless you have and are willing to spend lots of money. As in many cases lots of money answers all questions and...
by TN_Boy
Sun Dec 31, 2017 1:11 pm
Forum: Personal Consumer Issues
Topic: help me optimize new snow tires
Replies: 30
Views: 1562

Re: help me optimize new snow tires

Just as some background: People use steel rims in winter because steel is more durable than alloy eg if you hit a curb. That may happen more often in Winter since the curb might be buried in snow. The Alumn wheels are preferred in summer since they look better (and presumably no one cares in winter...
by TN_Boy
Sat Dec 30, 2017 11:41 pm
Forum: Personal Consumer Issues
Topic: Another car thread - old ones?
Replies: 14
Views: 941

Re: Another car thread - old ones?

The word "vintage" is hard to define as is "semi vintage". I own and occasional drive several cars including early 70s BMWs (2002s) and a mid eighties Porsche 911 and while they are vintage they are also safe, somewhat modern, well built, well kept, and perfectly capable cars. They are not ideal da...
by TN_Boy
Wed Dec 20, 2017 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 11726

Re: A meal with friends yields a financial revelation

Don't most studies show that people spend LESS in retirement than they thought they would? I think you're trying to say that you are planning on spending MORE in retirement, just so that you can justify staying at work longer and letting your balances rise. (ergo One More Year) Wait until the next ...
by TN_Boy
Tue Dec 05, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 26720

Re: Why not take Social Security at 62

Thanks to all for the input, thoughts, resources, and suggestions. I am having a hard time finding a calculator that allows one to financially plan that includes social security without working until age 62 or later, or even a social security calculator that will allow a user to figure the retireme...
by TN_Boy
Sun Dec 03, 2017 2:06 pm
Forum: Personal Consumer Issues
Topic: How to convince DW that high miles used car is OK
Replies: 106
Views: 6893

Re: How to convince DW that high miles used car is OK

If you do get a high mileage car make sure the timing belt was replaced typically required at 100k miles. Not all cars have timing belts. But engines that have them are ruined if they fail while the engine is running You've got this a little bit twisted. First, ALL cars with internal combustion eng...
by TN_Boy
Sun Nov 19, 2017 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 91
Views: 5213

Re: Do you include the sale of your home as part of your retirement planning?

It depends on the location. We’re in California. Gains already exceeded capital gain exclusion, even for house just bought recently, let alone 30 years from now. Heirs still have to clean them out when parents go to nursing home, if not somebody has too, no way around it. If they don’t want to clea...
by TN_Boy
Sun Nov 19, 2017 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 91
Views: 5213

Re: Do you include the sale of your home as part of your retirement planning?

Sell your home, you will incur tax on capital gain. You can’t deduct HELOC anymore when the “cut” goes through. Renting the house makes sense for me because by the time I need LTC, the house will be paid off, I can also leave my house to my heirs. Plus I can get very high rent in my area if I need ...
by TN_Boy
Sun Nov 19, 2017 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 91
Views: 5213

Re: Do you include the sale of your home as part of your retirement planning?

I thought LTC insurance only paid for the medical treatment aspects of assisted living (could be wrong). From experience the range of services and costs associated with assisted living varies greatly and usually progress with length of stay. It just doesn't seem logical to me that an insurance poli...
by TN_Boy
Sun Nov 19, 2017 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 91
Views: 5213

Re: Do you include the sale of your home as part of your retirement planning?

But I absolutely view the home equity as part of the solution for long term care; e.g. I move to something like assisted living, and use sale proceeds of house to fund it. So, do I have LTC insurance? Sort of -- equity in the house would pay for about four years of assisted living in my area. Depen...
by TN_Boy
Sun Nov 19, 2017 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 91
Views: 5213

Re: Do you include the sale of your home as part of your retirement planning?

But I absolutely view the home equity as part of the solution for long term care; e.g. I move to something like assisted living, and use sale proceeds of house to fund it. So, do I have LTC insurance? Sort of -- equity in the house would pay for about four years of assisted living in my area. Depen...
by TN_Boy
Sun Nov 19, 2017 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 91
Views: 5213

Re: Do you include the sale of your home as part of your retirement planning?

But I absolutely view the home equity as part of the solution for long term care; e.g. I move to something like assisted living, and use sale proceeds of house to fund it. So, do I have LTC insurance? Sort of -- equity in the house would pay for about four years of assisted living in my area. Depen...
by TN_Boy
Sat Nov 18, 2017 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 91
Views: 5213

Re: Do you include the sale of your home as part of your retirement planning?

For me the importance lies in my wanting to maximize what I can spend in the first 10 years of retirement. Including or not including the sale of the house is material to the amount I would have available. Everyone has different priorities. Well, I don't have any plans to spend as much as possible....
by TN_Boy
Wed Nov 08, 2017 12:41 pm
Forum: Investing - Theory, News & General
Topic: "I took all my money out of the stock market and it feels amazing"
Replies: 69
Views: 9272

Re: "I took all my money out of the stock market and it feels amazing"

Some important details missing here, such as home ownership, life partner, family/dependents, health insurance and medical history, pensions, and actual value of investments at this time. Working part time as a librarian to me means no pension or insurance, which would require a hefty amount of cas...
by TN_Boy
Wed Nov 08, 2017 10:28 am
Forum: Investing - Theory, News & General
Topic: "I took all my money out of the stock market and it feels amazing"
Replies: 69
Views: 9272

Re: "I took all my money out of the stock market and it feels amazing"

Now all my money is stashed in U.S. Treasuries, Treasury Inflation-Protected Securities (or TIPS bonds), and laddered CDs, which, in the years to come, I can count on to earn me essentially nada. Why would I do this? I once figured out exactly how much money I would need to live on — not lavishly, ...
by TN_Boy
Sun Oct 29, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 97
Views: 9105

Re: Is it ok to have 100% stocks, 15 years+

<snip the long quotes as it was becoming unwieldy> But I still think it much riskier than Hyperborea does to enter retirement with 90/10 or more. If, as I keep saying, you really need to withdraw 4% ish of your portfolio. One can really need or want something but it might not be possible. One can w...
by TN_Boy
Sun Oct 29, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 97
Views: 9105

Re: Is it ok to have 100% stocks, 15 years+

Before joining the BH discussions I tried to determine my own safe withdrawal rate (be it age-dependent or otherwise) and came to the conclusion that, on the basis of SP500 returns between 1966 and 2016 (50 years) and the recorded dividends and inflation, a 5% WR of current portfolio value is safe ...
by TN_Boy
Sat Oct 28, 2017 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 97
Views: 9105

Re: Is it ok to have 100% stocks, 15 years+

I retired last year, I have no pension, and I am nearly 2 decades from taking SS at 70. I did move to 90/0/10 before retirement. How would you have dealt with a 50% crash that happened a month after you retired that took 5 years to recover? What about a 70% crash? Just kept on spending? Gone back t...
by TN_Boy
Fri Oct 27, 2017 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 97
Views: 9105

Re: Is it ok to have 100% stocks, 15 years+

Not good enough. It has been studied, and mutual fund investing is a life-deferral plan. Just read every other thread: "I am 6X, can I retire?".. It only works for those who plan on busting their butt for 20-40 years, then pray there isn't another 2008 when they hit 65. Thats a crying shame. I have...
by TN_Boy
Thu Oct 26, 2017 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 97
Views: 9105

Re: Is it ok to have 100% stocks, 15 years+

I find it funny how index investors compare only capital appreciation and leave out the 4 other ways real estate pays the investor. I don't believe that is the case. We get it, you like real estate. But equities HAVE been the most rewarding major asset class over the very long term. That is not a f...
by TN_Boy
Wed Oct 25, 2017 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 97
Views: 9105

Re: Is it ok to have 100% stocks, 15 years+

OP, If you can stay the course for 15+ years, I don't think there is anything wrong with being 100% in stocks. Of course, if you have a sizable amount of cash on hand, some would argue you're not really 100% in stocks. :wink: Except that some of us are still waiting for an answer to this question: ...
by TN_Boy
Wed Oct 25, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 97
Views: 9105

Re: Is it ok to have 100% stocks, 15 years+

"You are a fearless investor, 100% stocks. Volatility does not scare you. You are planning on retiring in 6 months. The market crashes by 50%. How do you feel about 100% stocks then?" Yes, fearless (the willingness to take risk) is not the same as the ability to take risk. If you are retiring in 6 ...
by TN_Boy
Wed Oct 25, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 97
Views: 9105

Re: Is it ok to have 100% stocks, 15 years+

OP, If you can stay the course for 15+ years, I don't think there is anything wrong with being 100% in stocks. Of course, if you have a sizable amount of cash on hand, some would argue you're not really 100% in stocks. :wink: Except that some of us are still waiting for an answer to this question: ...
by TN_Boy
Tue Oct 24, 2017 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 97
Views: 9105

Re: Is it ok to have 100% stocks, 15 years+

I retired last year, I have no pension, and I am nearly 2 decades from taking SS at 70. I did move to 90/0/10 before retirement. How would you have dealt with a 50% crash that happened a month after you retired that took 5 years to recover? What about a 70% crash? Just kept on spending? Gone back t...
by TN_Boy
Mon Oct 23, 2017 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 97
Views: 9105

Re: Is it ok to have 100% stocks, 15 years+

If you need the money in that portfolio at retirement, 100% stocks is really scary. And if you don't need the money (pension, SS, or maybe you retired at age 85) then yes, it doesn't matter. I am always baffled at the people who post things like "I've been 100% stocks for years, I sleep great at ni...
by TN_Boy
Mon Oct 23, 2017 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 97
Views: 9105

Re: Is it ok to have 100% stocks, 15 years+

If you have job security and are able to continue to put money into the market when the bear returns you will benefit. Unfortunately, investors tend to sell when the market has bargain prices and to buy when the market is expensive. In a recession some jobs are at risk which would mean you might ha...
by TN_Boy
Mon Oct 23, 2017 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 97
Views: 9105

Re: Is it ok to have 100% stocks, 15 years+

I also fear that a 100% stock allocation makes trying for a "number" much riskier (not that I argue for a slavish focus on a single number, but most people have a decent idea of the savings they want to support their retirement). Say I need $1,000,000 to retire. I'm 100% stocks. It's 2017 and I hav...
by TN_Boy
Mon Oct 23, 2017 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 97
Views: 9105

Re: Is it ok to have 100% stocks, 15 years+

OP, in my opinion, if you did not experience the bear of 2009, which I believe you are alluding to, then I don't believe that you should be 100% stocks. We have had a 9-year-bull market which makes it easy to think that the party will last forever. I am about 20 years from retirement and I have 65%...
by TN_Boy
Mon Oct 23, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Helping college costs of grandchildren
Replies: 37
Views: 2547

Re: Helping college costs of grandchildren

Is there a particular reason to worry that helping with college costs for the grandchildren but not otherwise giving anyone any money would not be fair? I myself would see doing that as perfectly fair but I can understand why someone might take a different view and be of the opinion that each of th...
by TN_Boy
Fri Oct 20, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: I have to fire someone that I care about personally
Replies: 83
Views: 5668

Re: I have to fire someone that I care about personally

guitarguy, My sympathies for a difficult situation. I haven't been on either side of the "you're fired" meeting, but from my life in the corporate world, I believe one of the main things they train the managers on is, as others in this thread have stated, being firm: "the decision has been made , yo...
by TN_Boy
Thu Oct 19, 2017 9:40 pm
Forum: Personal Consumer Issues
Topic: 1st Time Cruise - Princess and wifi
Replies: 23
Views: 2172

Re: 1st Time Cruise - Princess and wifi

I recommend what the others have said; take this opportunity to disconnect. That is a vacation in and of itself. Reset your mind. The first 24-48 hours will odd, but afterward, you will love it. I got Wifi on one cruise and regretted it. You can use the opportunities in port (restaurants typically ...
by TN_Boy
Thu Oct 19, 2017 9:25 pm
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 135
Views: 11454

Re: anyone else not liking the new cars?

Very little interests me about new cars. I still subscribe to Car and Driver, but they mostly go unread, and get recycled. My Honda "appliance" car is good enough. Cars have never been better, and high horsepower cars are everywhere. The reality is they are very expensive and traffic, construction,...
by TN_Boy
Thu Oct 19, 2017 6:56 pm
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 135
Views: 11454

Re: anyone else not liking the new cars?

I actually don't like all the little creature comforts newer cars seem to have. To me (and maybe I'm a stick in the mud) it's just more stuff that can break. My first car was built in the mid-60's. It didn't have power anything, windshield wipers had one speed (slow), no computer controls, etc, but...
by TN_Boy
Thu Oct 19, 2017 6:48 pm
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 135
Views: 11454

Re: anyone else not liking the new cars?

Very little interests me about new cars. I still subscribe to Car and Driver, but they mostly go unread, and get recycled. My Honda "appliance" car is good enough. Cars have never been better, and high horsepower cars are everywhere. The reality is they are very expensive and traffic, construction,...
by TN_Boy
Thu Oct 19, 2017 6:43 pm
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 135
Views: 11454

Re: anyone else not liking the new cars?

Gas stations will convert to places where you exchange battery packs. Quicker than filling a tank with liquid fuel. Range infinite. Automated, you just pull in over a mechanism and voila! You are ready to go with a full charge. Quicker than filling a tank with gas? How come that doesn't exist now? ...
by TN_Boy
Sat Oct 14, 2017 3:35 pm
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 135
Views: 11454

Re: anyone else not liking the new cars?

"we will just engineer batteries that charge in 10 minutes when we really care to." I read recently about (another...) potential breakthrough in battery charging time -- forget the article. But "when we care to" is not always possible. We would "care to" cure cancer but while we have periodic wins,...
by TN_Boy
Sat Oct 14, 2017 1:12 pm
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 135
Views: 11454

Re: anyone else not liking the new cars?

It will be really interesting to see what the car market looks like in 20 years. The magic battery pack exchange (am I right that the Tesla can do something like this now? .. actually googling a bit it seems like they tried that but have backed off it) however, is not going to happen across the spe...
by TN_Boy
Sat Oct 14, 2017 10:56 am
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 135
Views: 11454

Re: anyone else not liking the new cars?

If it makes you feel better....those new cars will likely have terrible resale too after EVs take over. We are currently a 1 battery-EV, 1 gasmobile family, with the former covering 60-70% of our family driving miles, and the latter mostly for family road-trips. The gasser will be paid off in a few...
by TN_Boy
Sat Oct 14, 2017 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Bonds v. bond funds
Replies: 36
Views: 2216

Re: Bonds v. bond funds

Individual bond investor here, and claim that it is quite different than owning a bond fund or ETF. I've averaged about .5% more than the Fidelity Total Bond Fund over the last 5 years. My objective is to match future liabilities with a cash flow generated by the bond ladder, with some modification...
by TN_Boy
Wed Oct 11, 2017 8:23 am
Forum: Investing - Theory, News & General
Topic: 100% in bond to wait for market crash?
Replies: 122
Views: 13275

Re: 100% in bond to wait for market crash?

Still not following. Check out the 3 and 5 year returns on total bond. Or look at the yield on 5 year treasuries (1.97% per fidelity). Or 5 year AAA corporate bonds (2.38% also per fidelity). Quality intermediate term bonds (and CDs) are right now poised to deliver after tax, after inflation return...