Search found 304 matches

by TN_Boy
Thu May 24, 2018 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 82
Views: 7051

Re: Alzheimer's Disease, Long Term Care, and your Retirement Finances

Even those with the ability to self insure, a long tail yearly claim of 100,000 in today's dollars for 10 or more years is a very tough pill to swallow. Yes, that’s very true. I speak from experience; my mom suffered from Alzheimer’s for 12 years, 8 of those years in a private care home specializin...
by TN_Boy
Fri May 04, 2018 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Continuing Care facility - shielding some assets for the kids
Replies: 37
Views: 3848

Re: Continuing Care facility - shielding some assets for the kids

OP, since your kids are starving artists and may not have the big careers as many do on this site have you ever considered asking them if they are willing to take care of you as you age? I know in America this is not the norm but in many cultures children care for their elderly parents. You could p...
by TN_Boy
Tue May 01, 2018 5:12 pm
Forum: Personal Consumer Issues
Topic: If you really like the CR-V, you should check out the [_____]
Replies: 79
Views: 6333

Re: If you really like the CR-V, you should check out the [_____]

The car makers are moving to turbo 4s versus 6 cylinders because (I've read on the internet so it must be true*...) for a given power level, the turbo 4 gets a little better gas mileage. I really like the current generation of turbo 4s; excellent power, great torque. This shift to 4-cyl includes bo...
by TN_Boy
Tue May 01, 2018 1:32 pm
Forum: Personal Consumer Issues
Topic: If you really like the CR-V, you should check out the [_____]
Replies: 79
Views: 6333

Re: If you really like the CR-V, you should check out the [_____]

I wonder if those that get 4 cyl engines have only driven a 4 cyl. Serious question. Considering that the vast majority of cars have only 4-cyl options, I don't doubt it that the majority of consumers never drove anything other than 4-cyls. Not that it's a bad thing, but an interesting observation....
by TN_Boy
Thu Apr 26, 2018 9:54 am
Forum: Personal Consumer Issues
Topic: Comfortable Commuter Cars under $50K
Replies: 81
Views: 5766

Re: Comfortable Commuter Cars under $50K

A Subaru Outback is totally "suitable" to your age, whatever that means. As far as comfort, the only suggestion that makes any sense is that you are going to have to test drive some cars on long enough drives to find out what is comfortable for you. The issue is so personal and variable that I don'...
by TN_Boy
Wed Apr 25, 2018 5:41 pm
Forum: Personal Consumer Issues
Topic: Do you have a car w/o ABS?
Replies: 53
Views: 2227

Re: Do you have a car w/o ABS?

ABS alone helps you stop faster if you don't know how to optimally pump the brakes (even if you know to pump, you might start pumping after ABS would start). It's not just starting to pump- ABS can pump the brakes much more quickly than any human could. Also, ABS systems are getting better and bett...
by TN_Boy
Wed Apr 18, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?
Replies: 121
Views: 8800

Re: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?

A couple (male/female) who are 40 each can get 4.3% SPIA. The OP could take half his money (split among multiple insurance companies) and guarantee himself a 2.15% withdrawal rate for life. ($64,000) AND still have $1.5 million left over (throwing off $30,000 in dividends) I haven't gotten a quote,...
by TN_Boy
Wed Apr 18, 2018 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Divesting gun stocks
Replies: 11
Views: 1108

Re: Divesting gun stocks

Lately I've been reading a lot about the movement by the Parkland student survivors and I really want to support them. One of their more outspoken leaders David Hogg has suggested a boycott of Vanguard and Black Rock which are two of the biggest investors in gun manufacturers. Now most of my invest...
by TN_Boy
Wed Apr 18, 2018 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Divesting gun stocks
Replies: 11
Views: 1108

Re: Divesting gun stocks

If you have strong political views about not investing in a given industry or company, then don't buy index funds. You can pretty much replicate what an index fund does by picking 15 stocks at random (minus those that offend your sensibilities). I do not think picking 15 random stocks is at all equ...
by TN_Boy
Wed Apr 18, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?
Replies: 121
Views: 8800

Re: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?

1. SWR takes inflation into account. 2. Based on 4% SWR for 30 years, 2.5% SWR seems acceptable for 50 years. 3. You have no desire to leave an inheritance. (unless your portfolio does better) 4. You'll be getting social security at age 62 to 70. 5. You'll be on medicare at age 65 6. Hopefully you ...
by TN_Boy
Tue Apr 17, 2018 9:30 pm
Forum: Personal Consumer Issues
Topic: car at 80
Replies: 59
Views: 4539

Re: car at 80

randomizer wrote:
Tue Apr 17, 2018 10:27 am
I can't imagine having a car at 80. But then again, I didn't have one at 30 either.
I know a number of people safely driving at 80+ getting to and from various outings. I also know people that age that shouldn't be driving. It really depends on how well (or luckily I should say) the person ages.
by TN_Boy
Tue Apr 17, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?
Replies: 121
Views: 8800

Re: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?

No, I would not be comfortable. The stock market has helped me to accumulate the assets. But I would not rely on it paying my living expenses for the rest of my life. Victoria It's very reassuring to have SS and/or a good pension for part of retirement expenses, but do you really think a 2.5% withd...
by TN_Boy
Tue Apr 17, 2018 8:20 am
Forum: Personal Finance (Not Investing)
Topic: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?
Replies: 121
Views: 8800

Re: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?

No, I would not be comfortable. The stock market has helped me to accumulate the assets. But I would not rely on it paying my living expenses for the rest of my life. Victoria It's very reassuring to have SS and/or a good pension for part of retirement expenses, but do you really think a 2.5% withd...
by TN_Boy
Tue Apr 17, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?
Replies: 121
Views: 8800

Re: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?

Background : * Assume that you have $3,000,000 invested, with $2,275,000 in a taxable account and $725,000 in a mix of IRAs (Roth, Traditional, and Rollover) and a 401k. * Assume that your total portfolio is invested 40% Total Stock Market, 10% Total International Stock Market, 23% in Intermediate ...
by TN_Boy
Mon Apr 16, 2018 8:57 am
Forum: Investing - Theory, News & General
Topic: Trinity Study updated to 2018
Replies: 156
Views: 15784

Re: Trinity Study updated to 2018

Trying to predict the future with math and past performance. And then we debate it ad nauseum. I like Taylor’s method. Make sure you have a reasonable amount to cover basics (ss, pension, annuity) or enough $ to get there if early retirement. In bad years, you may have to buckle down, not travel, e...
by TN_Boy
Thu Apr 12, 2018 1:36 pm
Forum: Personal Consumer Issues
Topic: Mid-40s in tech - how to pass off as acceptably young
Replies: 111
Views: 10430

Re: Mid-40s in tech - how to pass off as acceptably young

Wow. OP is getting different opinions here. For what it is worth, I'd not do anything suggested in this post :-) Well, shaving every day is fine. And causal clothing if company and role permit. They will know about how old you are. OP, don't try and be a fake 25 year old. Any *smart* interviewer wi...
by TN_Boy
Thu Apr 12, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: Mid-40s in tech - how to pass off as acceptably young
Replies: 111
Views: 10430

Re: Mid-40s in tech - how to pass off as acceptably young

I didn't finish my CS degree until I was 32. I'm only 34 now, but people usually guess that I'm 25. If your hair is gray, absolutely dye it. If it's balding, you're really in trouble. Finasteride, Rogaine, hair transplant? Assuming you're not balding, grow your hair out. Concealer on any age spots ...
by TN_Boy
Thu Apr 12, 2018 9:46 am
Forum: Personal Consumer Issues
Topic: Mid-40s in tech - how to pass off as acceptably young
Replies: 111
Views: 10430

Re: Mid-40s in tech - how to pass off as acceptably young

You've narrowed in on your age as an issue, but are you sure that's it? How are you keeping your skills up-to-date? Have you been going to relevant professional society meetings or social gatherings to network with people in your area of specialization and to stay up-to-date? Can you talk with pass...
by TN_Boy
Thu Apr 12, 2018 9:42 am
Forum: Personal Consumer Issues
Topic: Mid-40s in tech - how to pass off as acceptably young
Replies: 111
Views: 10430

Re: Mid-40s in tech - how to pass off as acceptably young

Honestly, I think that coloring your hair is the single biggest thing you can do to help remove some age related biases. Both my brother and I have premature gray hair (started going gray in my early 20s). My brother lost his job at age 44 and searched for 8 months, had what he thought were excelle...
by TN_Boy
Tue Apr 10, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Prescription drug costs
Replies: 22
Views: 1349

Re: Prescription drug costs

One way my wife and I save a little on several continuing prescriptions (Kaiser) is mail order refills. We can just request the refills online (or by phone). One thing that greatly puzzles me is friends/acquaintences who absolutely refule to do mail refills. In our case, this is super convenient - ...
by TN_Boy
Wed Mar 28, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 9608

Re: How Do You Value Your Home for Net Worth Purposes?

Net worth equals assets - liabilities therefore your home value is part of your net worth. You value your home at present market value for net worth purposes. Of course this is offset by any debts on the property, HELOC or mortgage. Your home equity only serves to reduce your required cashflow for ...
by TN_Boy
Tue Mar 27, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: How does your retirement spending compare to pre-retirement spending?
Replies: 48
Views: 6554

Re: Retirees: How does your retirement spending compare to pre-retirement spending?

Sheepdog, You've posted these numbers before, but as I recall, they are nominal, not real? If that's the case, your spending has dropped, not increased, through the years. 64k in today's dollars is quite a bit less than 57k in 1998 dollars. Yes, of course, these expenditures are nominal as all mone...
by TN_Boy
Mon Mar 26, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How does your retirement spending compare to pre-retirement spending?
Replies: 48
Views: 6554

Re: Retirees: How does your retirement spending compare to pre-retirement spending?

There are studies, but individuals seldom match a study. Mine doesn't. All retires are not the same. Spending, of course, relates to how much has been saved and how much other income you may have. What is your lifestyle? We bought cars on a scheduled basis before retiring. We traveled domestically ...
by TN_Boy
Mon Mar 26, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: What Budget? Do you keep one?
Replies: 116
Views: 7393

Re: What Budget? Do you keep one?

We budget our savings and spend the rest like drunken sailors on shore leave. About 3 years ago I started documenting total monthly spending which is easy since we charge everything possible on rewards credit cards and have their statement date set to the same day so we have a monthly "closing". Si...
by TN_Boy
Tue Mar 20, 2018 8:12 pm
Forum: Personal Consumer Issues
Topic: Is a Model Release normal for wedding videography?
Replies: 28
Views: 2224

Re: Is a Model Release normal for wedding videography?

DW and I are professional photographers with our portfolios at Getty, iStock, Adobe, etc. This appears to be a non-specific model release which can allow all of the videos and pictures that were taken of you to be used across the internet for publication on postcards, colanders, news articles, reti...
by TN_Boy
Tue Mar 20, 2018 12:19 pm
Forum: Personal Consumer Issues
Topic: Is a Model Release normal for wedding videography?
Replies: 28
Views: 2224

Re: Is a Model Release normal for wedding videography?

My daughter just got married and had a "professional" photographer do it. My wife is an avid photographer and understands the art and science well. The photos that have been released to us are arty but do not show any real technical ability, either with the camera and its setting or in the "lab wor...
by TN_Boy
Tue Mar 20, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Retirement will cost the average American $828,000
Replies: 36
Views: 5972

Re: Retirement will cost the average American $828,000

With 4% average annual real growth, my current retirement balance will exceed $828K in 2018 dollars by the time I'm 60, even if I don't contribute anymore (and I obviously will). So that's reassuring. More reassuring is Sheepdog's information given. I figure that retirement time would have been a p...
by TN_Boy
Mon Mar 19, 2018 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement will cost the average American $828,000
Replies: 36
Views: 5972

Re: Retirement will cost the average American $828,000

Did your investment make up for the money spent? Yes, it has....invested very conservatively (age in bonds until it reached 77% bonds (23% stock)) where it has remained. My nest egg is about 42% more than when I retired 20 years ago, and after taking out an average of 4.59% a year. That is both ama...
by TN_Boy
Sat Mar 03, 2018 10:49 pm
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 316
Views: 34476

Re: What if you only live off dividends?

if not the largest, economies in the world US based investors should be okay. Late 1960's to 1990 and the US economy contracted down from 75% to near 25% (by eye) https://upload.wikimedia.org/wikipedia/commons/thumb/6/65/Country_equity_capitalization.jpg/800px-Country_equity_capitalization.jpg whil...
by TN_Boy
Sat Mar 03, 2018 9:49 am
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 316
Views: 34476

Re: What if you only live off dividends?

I'm reading with amusement the argument that a 2% withdrawal rate is too high/not safe. Perhaps that IS true. Probably not though. But if you accept that a 2% WR is not S, you might as well quit investing altogether and live for today. Because that type of thinking is a bet on doomsday. I believe D...
by TN_Boy
Fri Mar 02, 2018 11:18 am
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 316
Views: 34476

Re: What if you only live off dividends?

I remember the good old days when we used to argue about whether 4% was too aggressive or too conservative. But, lately it seems like there is a race to see who can conjure up the direst scenarios to see how low of a SWR we can justify. We are now debating whether 2% is safe, or whether it should b...
by TN_Boy
Fri Mar 02, 2018 10:09 am
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 316
Views: 34476

Re: What if you only live off dividends?

People are arguing about assertions that 1) using dividend rate is a logical way to set a safe withdrawal rate If you used the prevailing dividend yield value as your initial SWR value (perhaps also using that as a guide as to when you'd accumulated enough in order to retire) - that didn't always w...
by TN_Boy
Thu Mar 01, 2018 5:41 pm
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 316
Views: 34476

Re: What if you only live off dividends?

With the exception of an alleged approach in some paper by Pfau, if I am not mistaken, withdrawal studies do not account for costs, taxes, and investor "behavior" so the comments are relevant. It is not crazy to imagine a 25% tax or to believe that half the withdrawal has gone to advisor fees, ERs,...
by TN_Boy
Thu Mar 01, 2018 5:06 pm
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 316
Views: 34476

Re: What if you only live off dividends?

But once people start going into discussions where 2% is not safe, I sort of lose interest As you're not interested I'll be brief, as a suggestion that you should perhaps take more interest. The financial sector is the worlds largest and richest sector. Factor in costs, taxes, behaviour and for the...
by TN_Boy
Thu Mar 01, 2018 2:08 pm
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 316
Views: 34476

Re: What if you only live off dividends?

If you only want to withdraw 2% or less of your portfolio, it doesn't matter how you do it -- dividends only or a total-return strategy Does matter. Single stocks can go broke, so we tend to diversify to reduce that risk, however even entire market indexes can go broke, diversifying across the enti...
by TN_Boy
Thu Mar 01, 2018 9:27 am
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 316
Views: 34476

Re: What if you only live off dividends?

The 4% rule is a good rule of thumb to approximate the amount of money needed to last through retirement. But none of this stuff is chiseled in stone. There are some people who, for whatever reason, would be more comfortable using a lower withdrawal rate than 4%. There is nothing wrong with that ei...
by TN_Boy
Wed Feb 28, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 316
Views: 34476

Re: What if you only live off dividends?

my larger point was that tying SWR to dividend payouts is a bit strange. I see no obvious link between the two. The link is that if you want to live off shares without "spending your capital", the equivalent of living only on rents from properties, without selling properties, or the produce of your...
by TN_Boy
Tue Feb 27, 2018 11:18 pm
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 316
Views: 34476

Re: What if you only live off dividends?

Don't worry. Dividends might come from Berkshire Hathaway in the near future. From Fortune, 2017: http://fortune.com/2017/05/06/warren-buffett-berkshire-hathaway-stock-dividend/ “When the time comes—and it could come reasonably soon, even while I’m around—and we really don’t think we can get the mo...
by TN_Boy
Tue Feb 27, 2018 11:49 am
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 316
Views: 34476

Re: What if you only live off dividends?

It's conservative only in the context of history. It could be that the entire distribution is shifted down, so your anticipated 95% odds of success might be closer to 75% or even lower. If you're okay with those lower odds, that's okay, but you should at least be aware of the real potential odds. Y...
by TN_Boy
Mon Feb 26, 2018 2:25 pm
Forum: Investing - Theory, News & General
Topic: Blasphemy... DO PEEK!
Replies: 100
Views: 9601

Re: Blasphemy... DO PEEK!

For those who check their portfolio frequently, WHY?? What are you going to do about what you observed? Paul Why? 1) Occasionally re-balance. 2) To satisfy my curiosity about what the portfolio is doing. 3) (Actionable) fraud check, if there is a "surprise" in my transactions or portfolio balances,...
by TN_Boy
Sun Feb 25, 2018 8:11 pm
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 168
Views: 17904

Re: Retirees: The common sense withdrawal method

Based on my Dec ending balances, I would run out of money around age 108. After the current quarter market correction, it will be sooner - but since my retirement balances are still higher than my "run out of money when I turn 104" spreadsheet, I expect it would be age 105 or so. At age 80, the pay...
by TN_Boy
Sun Feb 25, 2018 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: Simple question regarding caring for elderly parents
Replies: 16
Views: 2374

Re: Simple question regarding caring for elderly parents

Hi all, I've enjoyed the good advice here for many years, I finally registered so that I could ask for your thoughts. My parents are both mid-eighties, Mom is in pretty good shape physically (but forgetful), Dad has been steadily declining for a couple of years. There are four "kids", we all get al...
by TN_Boy
Wed Feb 21, 2018 11:23 pm
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 168
Views: 17904

Re: Retirees: The common sense withdrawal method

I agree with you that the Withdrawal methods wiki page is in need of a serious rewrite. In particular, it should first explain that portfolio withdrawal must be considered as part of a larger retirement plan. I also think that it shouldn't prominently present constant-dollar withdrawal (commonly kn...
by TN_Boy
Wed Feb 21, 2018 6:00 pm
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 168
Views: 17904

Re: Retirees: The common sense withdrawal method

TN_Boy, The "raw" version of VPW has potentially more variation in yearly spending than I like I've showed, in previous posts, that the impact of a 50% stock drop on retirement income could be as low a 15% when combining VPW on a balanced portfolio with non-portfolio income (including any necessary...
by TN_Boy
Wed Feb 21, 2018 9:45 am
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 168
Views: 17904

Re: Retirees: The common sense withdrawal method

SWR carries a high probability of an undesired outcome. When SWR "succeeds", it tends to leave a humongous unspent portfolio behind. Worse: when SWR fails, it completely fails , leaving the retiree penniless. This can be a huge source of anxiety during retirement. I'll never use such a method to wi...
by TN_Boy
Wed Feb 21, 2018 9:22 am
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 168
Views: 17904

Re: Retirees: The common sense withdrawal method

#1 (To Vested1) I would need another level of detail to fully understand your strategy as described above. #2 (To longinvest) Okay, I didn't understand the percentage in "safe" instruments. Thanks for the clarification. But I'll stand by my assertion that a 5% withdrawal rate for 10 years is not co...
by TN_Boy
Tue Feb 20, 2018 2:02 pm
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 168
Views: 17904

Re: Retirees: The common sense withdrawal method

Let's stress test this, now: What I would do in this situation is build a portfolio, maybe 60/40 or 50/50 stocks/fixed income, and withdraw around 5% from age 60 to 70. If the market crashes, there is quite a lot of money in bonds/CDs to cushion that impact. And probably some "common sense" applied...
by TN_Boy
Tue Feb 20, 2018 1:00 pm
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 168
Views: 17904

Re: Retirees: The common sense withdrawal method

The notion of putting aside seven, or in my question, ten years of expenses in instruments guaranteed to NOT beat inflation is a good way to ensure that you wind up with less total money (for you or your heirs) when all is said and done. Also not stated in my example, but a factor, in this example ...
by TN_Boy
Tue Feb 20, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 168
Views: 17904

Re: Retirees: The common sense withdrawal method

TN_Boy, The notion of putting aside seven, or in my question, ten years of expenses in instruments guaranteed to NOT beat inflation is a good way to ensure that you wind up with less total money (for you or your heirs) when all is said and done. I don't understand the problem, here. Someone worried...
by TN_Boy
Mon Feb 19, 2018 7:41 pm
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 168
Views: 17904

Re: Retirees: The common sense withdrawal method

TN_Boy, The notion of putting aside seven, or in my question, ten years of expenses in instruments guaranteed to NOT beat inflation is a good way to ensure that you wind up with less total money (for you or your heirs) when all is said and done. I don't understand the problem, here. Someone worried...