Search found 238 matches

by Whiggish Boffin
Sun Aug 13, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Expect to spend $2.6M on healthcare?
Replies: 66
Views: 6019

Re: Expect to spend $2.6M on healthcare?

Your inflation factor amounts to a x 6.44 increase in price. Lots of things would seem expensive, but if wages keep pace, they won't be in real terms. Bananas now cost $0.50/lb, inflates to $3.16/lb. Gallon of milk now costs $2.69, inflates to $17.35. Modest house in Austin, TX now costs $300k, infl...
by Whiggish Boffin
Mon Aug 07, 2017 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: kids think lazy if retire?
Replies: 70
Views: 7716

Re: kids think lazy if retire?

Concur with the attaboy sentiments above.

Two handy phrases:

"Your mother and I are quite well-to-do. You don't have a dime."
-- Dr. Wm. Bernstein's father when asked "Dad, are we rich?"

"What you think of me is none of my business."
-- Therapy maxim.
by Whiggish Boffin
Mon Aug 07, 2017 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Expectations
Replies: 4
Views: 790

Re: Social Security Expectations

We don't know. The Social Security Administration would be glad to tell you. Set up a mySocialSecurity account, if you haven't already, here: https://www.ssa.gov/myaccount/message.html Download your latest Social Security statement, which includes your salary history. It will give a rough estimate o...
by Whiggish Boffin
Thu Jul 20, 2017 5:49 pm
Forum: Personal Consumer Issues
Topic: Would you let your teenager spend all his savings on a gaming computer?
Replies: 114
Views: 5648

Re: Would you let your teenager spend all his savings on a gaming computer?

Let him spend the money he earned. Strongly encourage him to give some. save some, and spend the rest with gladness. A 10% / 15% / 75% split would direct $150 to charity, $225 to savings, and $1,125 to the computer. Encourge him to build the computer, and document the build (photos, notes). If you c...
by Whiggish Boffin
Fri Jun 02, 2017 4:44 pm
Forum: Personal Consumer Issues
Topic: Favorite Biographies and Memoirs
Replies: 33
Views: 2016

Re: Favorite Biographies and Memoirs

Boyd: The Fighter Pilot Who Changed the Art of War , Robert Coram, 2004. Col. John Boyd, USAF, took over the Air Force's F-X fighter program in the 1960s. He gave an oral presentation to his commanding officer that began with him gesturing to the multi-volume industry studies on the side table, and...
by Whiggish Boffin
Wed Apr 19, 2017 11:18 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 39918

Re: Larry Swedroe says "Goodby."

In 2004, announcing that he would shut down his long-essay blog USS Clueless , the late Steven den Beste wrote: I've learned something interesting: if you give away ice cream, eventually a lot of people will complain about the flavors, and others will complain that you aren't also giving away syrup ...
by Whiggish Boffin
Thu Apr 13, 2017 1:04 am
Forum: Investing - Help with Personal Investments
Topic: STRIPS ladder to buy my retirement home?
Replies: 13
Views: 1475

Re: STRIPS ladder to buy my retirement home?

Thanks, kramer. I was aware, and property tax is a line item in my projected budget. With no state income tax, Texas has to pay the bills somehow. (If I rented, property tax would be rolled into the rent.)
by Whiggish Boffin
Wed Apr 12, 2017 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: STRIPS ladder to buy my retirement home?
Replies: 13
Views: 1475

Re: STRIPS ladder to buy my retirement home?

Thanks, everyone, for your replies! You have been clarifying and helpful. (When #Cruncher drops by to explain bond ladders, I feel kinda like James Clerk Maxwell dropped by to help with my algebra homework.) I'm trying to liability-match my essential retirement expenses. I want a guarantee that (unl...
by Whiggish Boffin
Tue Apr 11, 2017 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: STRIPS ladder to buy my retirement home?
Replies: 13
Views: 1475

STRIPS ladder to buy my retirement home?

Should I buy a Treasury STRIPS ladder in my tIRA to fund the mortgage on my retirement home? I retired last month at age 65. My barely 2-comma nest egg is 90% in a tIRA. I want to sell my 1-bed condo in the DC area and buy a 3-bed house in the Austin/Round Rock, TX area. Zillow and Redfin tell me th...
by Whiggish Boffin
Tue Apr 11, 2017 2:16 pm
Forum: Investing - Theory, News & General
Topic: Vanguard leaves crumbs for active fund managers
Replies: 26
Views: 4133

Re: Vanguard leaves crumbs for active fund managers

At the last Bogleheads conference, Jack Bogle talked about problems of Vanguard's size and growth rate. He said that Vanguard owns about 6% of every US corporation. The Investment Company Act of 1940 (subject of Jack's 1951 Princeton senior thesis) forbids a fund from owning more than 10% of any cor...
by Whiggish Boffin
Wed Mar 22, 2017 7:44 pm
Forum: Investing - Theory, News & General
Topic: The $1,124,176 Car.
Replies: 99
Views: 9612

Re: The $1,124.176 Car.

My brothers and I could go to college, largely because my father bought sensible used cars until we were done.
by Whiggish Boffin
Tue Mar 07, 2017 1:42 am
Forum: Personal Finance (Not Investing)
Topic: Steps to take now before family member's imminent death
Replies: 24
Views: 3444

Re: Steps to take now before family member's imminent death

Make sure you can get to the will and other documents. My father's' will made me his executor. I was also his legal power of attorney. His will was in his safe-deposit box. While he was alive, I could have gotten the will, but I didn't. When he died, I couldn't get into the box any more. I couldn't ...
by Whiggish Boffin
Fri Mar 03, 2017 12:36 am
Forum: Investing - Theory, News & General
Topic: claim: stock/bond allocation should be independent of investment horizon
Replies: 58
Views: 5373

Re: claim: stock/bond allocation should be independent of investment horizon

Paul Samuelson showed in 1979 that stocks don't have less risk as you hold them a long time. You might want to skim, but be sure to read the end:
Why We Should Not Make Mean Log Of Wealth Big Though Years To Act Are Long
by Whiggish Boffin
Thu Feb 23, 2017 10:35 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 208
Views: 25975

Re: Roll Call for the Retirement Class of 2017!

On April Fools' Day i will become a gentleman of leisure. I gave notice today. -Will do good- and -cinghiale- : At the DC Area Diehards meeting last September, Victoria said she is happy to pass this baton. These days, I gather she's more interested in getting people to walk the Camino de Santiago .
by Whiggish Boffin
Sat Feb 11, 2017 11:27 am
Forum: Investing - Theory, News & General
Topic: 'Won the game', but what factors could potentially derail it?
Replies: 57
Views: 4860

Re: 'Won the game', but what factors could potentially derail it?

If the US implements a national sales tax or Value-Added Tax (VAT), you'd be taxed on your spending, not your income. The Roth IRA wouldn't protect you from that tax.
by Whiggish Boffin
Thu Jan 12, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your emergency fund?
Replies: 80
Views: 7405

Re: Where do you keep your emergency fund?

A few days' living expenses in the cookie jar. 10 weeks in a negligible-interest savings account at my local bank (walking distance from home). 28 weeks in paper-certificate Series I savings bonds in the safe-deposit box. 20 weeks in electronic-format Series I savings bonds at TreasuryDirect. I like...
by Whiggish Boffin
Sat Jan 07, 2017 12:58 am
Forum: Investing - Theory, News & General
Topic: Bogle worried Vanguard is getting too big
Replies: 68
Views: 13152

Re: Bogle worried Vanguard is getting too big

In this interview , in Money Magazine on 27 July 2015, Jack Bogle said: Q: One critic of indexing, money manager David Winters, says that because index funds own a stock no matter what, corporate boards have no incentive to rein in executive pay. A: He just doesn’t know what he’s talking about. Ther...
by Whiggish Boffin
Wed Jan 04, 2017 10:54 pm
Forum: Investing - Theory, News & General
Topic: Bogle worried Vanguard is getting too big
Replies: 68
Views: 13152

Re: Bogle worried Vanguard is getting too big

At last October's Bogleheads conference, Bogle gave one hard limit on Vanguard's size. By the Investment Company Act of 1940, a mutual fund can't own more than 10% of any corporation. Vanguard owns about 6% of every corporation now. So, could Vanguard close Total Stock Market to new investors, and o...
by Whiggish Boffin
Mon Dec 26, 2016 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA?
Replies: 5
Views: 695

Re: SPIA?

Bobcat2 has studied annuity pricing pretty intensely. In this post , he gives an approximate formula for the payout of a constant-dollar SPIA (with no inflation adjustment) as: payout = 1/remaining-life-expectancy + (10-year-Treasure-rate)/2 I haven't seen a formula for payout of an inflation-adjust...
by Whiggish Boffin
Tue Dec 20, 2016 10:06 pm
Forum: Investing - Theory, News & General
Topic: Some novice questions
Replies: 6
Views: 741

Answer to novice question 1) on backdoor Roths

For a step-by-step guide to backdoor Roth conversions, Boglehead contributor tfb (The Finance Buff) has you covered:
Backdoor Roth: A Complete How-To
by Whiggish Boffin
Wed Nov 23, 2016 12:37 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 476
Views: 67051

Re: TIPS - Did you give up?

I bought some nice 2028 30-year TIPS last week. They are for the liability-matched part of my portfolio. Its purpose is to support me in Genteel Poverty to the end of my days, at the least possible risk. Its components are: 1) the big-rung TIPS ladder, to spend before taking Social Security; 2) Soci...
by Whiggish Boffin
Mon Aug 29, 2016 1:31 am
Forum: Investing - Theory, News & General
Topic: Rich Dad/Poor Dad Assets
Replies: 57
Views: 7383

Re: Rich Dad/Poor Dad dissected by John T. Reed

John T. Reed is a real-estate investor and educator, who kept getting questions about Kiyosaki. He researched Kiyosaki and wrote the brutal dissection found here: John T. Reed's analysis of Robert T. Kiyosaki's book Rich Dad, Poor Dad, Part 1 John T. Reed's analysis of Robert T. Kiyosaki's book Rich...
by Whiggish Boffin
Tue Jul 26, 2016 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking wisdom on a career crossroad
Replies: 27
Views: 2610

Re: Seeking wisdom on a career crossroad

Perhaps the job at Company A is a man-killer? Peter Drucker warned about such jobs in The Effective Executive : “[The effective executive is] forever on guard against the ‘impossible’ job, the job that simply is not for normal human beings. Such jobs are common. They usually look exceedingly logical...
by Whiggish Boffin
Wed Jul 13, 2016 9:39 pm
Forum: Investing - Theory, News & General
Topic: Any thoughts on REIT run up so far?
Replies: 14
Views: 2395

Re: Any thoughts on REIT run up so far?

White Coat Investor said: Nice to be rewarded for holding and rebalancing them in 2008 after I lost 78% of my initial investment in the asset class. Hey! I did that, too! Went all-in on a Swensen portfolio in Jan. 2007 (30% US stock, 15% developed int'l stock, 5% emerging int'l stock, 20% REIT, 15% ...
by Whiggish Boffin
Sat Jun 18, 2016 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Debt Free [Investment help for deployed airman]
Replies: 23
Views: 2089

Re: Debt Free

Have you seen the Boglehead wiki page on Military Finanaces ? It's mostly written by EmergDoc ( Dr. Jim Dahle ), who got the Air Force to put him through med school. Yes, the Federal Thrift Savings Plan has the L funds, which are very good target-date funds. Here are the Federal webpage: https://www...
by Whiggish Boffin
Tue Jun 07, 2016 11:56 pm
Forum: Investing - Help with Personal Investments
Topic: Total Bond vs Intermediate Treasuries?
Replies: 22
Views: 2983

Re: Total Bond vs Intermediate Treasuries?

David Swensen prefers Treasuries to Total Bond. Swensen runs the Yale endowment. He's mad that the finance industry doesn't treat common folk as respectfully as it treats his endowment. He wrote Unconventional Success for the likes of us, recommending a default portfolio for individual investors of:...
by Whiggish Boffin
Mon May 23, 2016 8:49 pm
Forum: Investing - Theory, News & General
Topic: What was your first investment?
Replies: 117
Views: 6989

Re: What was your first investment?

In 1983, I opened my first IRA with $513 into the Value Line Leveraged Growth Investors Fund (VALLX), and kept contributing into 2006. Now, why did I do that? I bought Value Line's story that they could pick winners, so the expense ratio and the use of leverage would be overwhelemed by their expert ...
by Whiggish Boffin
Wed May 11, 2016 8:51 pm
Forum: Investing - Theory, News & General
Topic: "The Value of Active Management" - a thoughtful analysis
Replies: 14
Views: 3308

Re: "The Value of Active Management" - a thoughtful analysis

I feel smarter for having read this Philosophical Investor blog post, and the two that led up to it. Thanks to you, daffyd, and to susze, for calling our attention to them.
by Whiggish Boffin
Thu May 05, 2016 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: Was VTIVX a good choice?
Replies: 5
Views: 771

Re: Was VTIVX a good choice? Yes.

Yes, it was a good choice. Vanguard's overview page for VTIVX, the Target Retirement 2045 fund , shows its allocation as 89.9% stock, 10.1% bonds. Most Bogleheads say you should always have some bonds, and 10% in bonds is as low as you'd want to go. Vanguard's graph of the target retirement glide pa...
by Whiggish Boffin
Wed May 04, 2016 8:57 pm
Forum: Personal Consumer Issues
Topic: Sci-Fi ... your favorite movies and episodes??
Replies: 145
Views: 15763

Re: Sci-Fi ... your favorite movies and episodes??

Science fiction is a literature of ideas, and it's hard to make that work on screen. Even so, here goes: Movies: Forbidden Planet (see avatar -> ) And a couple nobody else has mentioned -- The Adventures of Buckaroo Banzai Across the 8th Dimension -- Wacky yet remarkable for internal consistency. St...
by Whiggish Boffin
Wed May 04, 2016 8:27 pm
Forum: Personal Consumer Issues
Topic: WOW fantastic Cars in the Wild
Replies: 91
Views: 13748

Re: WOW fantastic Cars in the Wild

In the DC area I've seen a couple of Ferraris, a Bentley, and an Aston Martin or two. The real status symbol here is a motorcade of armored Chevy Suburbans with flashing blue lights.
by Whiggish Boffin
Mon May 02, 2016 1:05 am
Forum: Personal Finance (Not Investing)
Topic: 7 month / 7% / $7K CD at nrlfcu
Replies: 43
Views: 7423

Re: 7mo/7%/7K CD at nrlfcu

I've been a member for some years. I recently asked about qualifying for the 7% / 7 month / $7000 CD. I was told I had to meet three of five conditions. Two of them were: 1) They hold your first or second mortgage; 2) You have $200,000 on deposit. (Or was it $250,000?) So, since I met neither condit...
by Whiggish Boffin
Sun Apr 17, 2016 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Goodbye College Loan!
Replies: 12
Views: 1250

Re: Goodbye College Loan!

Mazel tov! (To use an old American expression...)
by Whiggish Boffin
Tue Mar 29, 2016 12:55 am
Forum: Personal Consumer Issues
Topic: Moving my life into a storage unit
Replies: 42
Views: 4571

Re: Moving my life into a storage unit

I betcha the storage fee will be increased annually in a boiling-frog fashion -- just enough that you grumble, but keep paying it. Five years on, you'll look at the new customers' rate vs. what they've jacked yours up to, and feel you've been had. (Speaking from experience -- I was my late parents' ...
by Whiggish Boffin
Mon Mar 28, 2016 1:17 am
Forum: Investing - Theory, News & General
Topic: TIPS Anyone?
Replies: 92
Views: 9324

Re: TIPS Anyone? I bought some last week.

(I've been traveling, missed the party!) itstoomuch asked about my TIPS ladder: But why not CDs or like? What Dodecahedron said: I am not Whiggish, but in the 50s and early 60s, inflation was running around 1% to 2% per year. Someone in his position in the mid to late 1960s would have been much bett...
by Whiggish Boffin
Sun Mar 27, 2016 12:43 am
Forum: Investing - Theory, News & General
Topic: TIPS Anyone?
Replies: 92
Views: 9324

Re: TIPS Anyone?

It'stoomuch: Hoping this answers your query -- I'm 64. I'm employed in a well-paid Gov't-contract job that could have disappeared anytime in the last 4 years. I will have no pension. Employed or not, I won't touch Social Security until I'm 70. Social Security at age 70 will pay about 2/3 of my accep...
by Whiggish Boffin
Sat Mar 26, 2016 11:40 pm
Forum: Investing - Theory, News & General
Topic: TIPS Anyone?
Replies: 92
Views: 9324

Re: TIPS Anyone? I bought some last week.

I use TIPS to secure a tolerable level of purchasing power, consistent with Genteel Poverty, at minimum risk. If I get an investment return, so much the better. My job is not secure. Two years ago, at age 62, I bought an 8-year TIPS ladder that let me put off Social Security until age 70, even if un...
by Whiggish Boffin
Thu Mar 10, 2016 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Brother undercharged himself as family trustee
Replies: 26
Views: 3871

Re: Brother undercharged himself as family trustee

Your brother would't charge enough as executor, so you and your siblings are in conflict about how to make him take his fair share. That's a pretty nice problem to have. A high-powered accountant helped me with my Dad's small estate. The receptionist told me about estates where they had to put the h...
by Whiggish Boffin
Sat Mar 05, 2016 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: How do you handle a steadily declining nest egg?
Replies: 50
Views: 7213

Re: How do you handle a steadily declining nest egg?

I'm planning a floor-and-upside strategy in the spirit of Bodie, Milevsky, and Bobcat2. I wil live no worse than Genteel Poverty to the end of my days, and probably will end up better off than that. Genteel Poverty covers my basic life-support needs, and also provides dignity and some diversions. I ...
by Whiggish Boffin
Thu Jan 28, 2016 12:08 am
Forum: Investing - Help with Personal Investments
Topic: Starting off 2016: If you had $15,000.00 to invest, what would you do with it?
Replies: 21
Views: 2958

Re: Starting off 2016: If you had $15,000.00 to invest, what would you do with it?

Four-wheeler, snowplow blade, dig out the DC/Maryland side streets that haven't seen a city snowplow yet? You've missed your chance for SnowZilla, but the Farmers' Almanack predicts a couple of February snowstorms...
by Whiggish Boffin
Sat Jan 23, 2016 1:58 am
Forum: Forum Issues and Administration
Topic: Upcoming East Coast snow and Bogleheads servers
Replies: 18
Views: 2849

Re: Upcoming East Coast snow and Bogleheads servers

I thought the market went up because the Federal government went home at noon...
by Whiggish Boffin
Thu Dec 24, 2015 4:47 pm
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Gift to You
Replies: 60
Views: 6552

Re: My Christmas Gift to You

Taylor --
As I get old and prosperous, it's hard to think of a present I want that I haven't already bought for myself. Your Christmas gift is something I could never afford. Thank you. I've really enjoyed the freedom.
by Whiggish Boffin
Sat Dec 12, 2015 9:58 pm
Forum: Personal Consumer Issues
Topic: 10 Best Guitar Finger Style Tunes
Replies: 19
Views: 2169

Re: 10 Best Guitar Finger Style Tunes

Here are some YouTube clips -- Three versions of "Anji", sometimes called "Angie", by: Davey Graham (the composer), Paul & Al Simon , and Bert Jansch . YouTube has several instructional vids for "Angie". And here's a lovely rendition of "Walk Away, Renee" ...
by Whiggish Boffin
Fri Sep 11, 2015 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab lost me thousands ... mostly venting, wondering if any recourse?
Replies: 51
Views: 6618

Re: Schwab lost me thousands ... mostly venting, wondering if any recourse?

A management proverb:
People don't do what you expect.
People do what you inspect.
by Whiggish Boffin
Thu Sep 10, 2015 5:31 pm
Forum: Personal Consumer Issues
Topic: I am running out of excuses to not move out
Replies: 71
Views: 8566

Re: I am running out of excuses to not move out

Graduated spring 1976 with BSEE, got hired that Christmas. (Engineering recession then, as space program wound down, prolonged the job hunt.) Lived with parents for about 2 years. Paid school debts, paid parental debts, bought a beater, refurbed it in Dad's garage. I wanted to be my own man, needed ...
by Whiggish Boffin
Sat Sep 05, 2015 11:06 pm
Forum: Personal Consumer Issues
Topic: Classical Music
Replies: 31
Views: 2392

Re: Classical Music

I listen in the car these days. Before I fell into the time-sucks of cable TV and internet, I would sit and listen with undivided attention. When I retire, I hope to take up that practice again. (oragne lovre: The score is the sheet music showing the parts of all the instruments. That's what the orc...
by Whiggish Boffin
Sun Aug 30, 2015 1:31 am
Forum: Investing - Theory, News & General
Topic: Does anyone buy individual bonds and CDs?
Replies: 32
Views: 3351

Re: Does anyone buy individual bonds and CDs?

I needed a TIPS ladder to assure a minimum-risk, inflation-protected source of basic living expenses for the next 7 years. I used #Cruncher's spreadsheet to make the shopping list, and bought the TIPS ladder at the Vanguard fixed-income page. I'm 63. My job is hanging by a thread. If the thread brea...
by Whiggish Boffin
Thu Jul 23, 2015 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: I'm a spender?
Replies: 44
Views: 6947

Re: I'm a spender?

As to your spending impulse: Robert Heinlein's 2000-year old hero Lazarus Long had rules for a happy marriage. One was: "Budget the luxuries first." That is, make a budget, and put in a line item, not imprudently large , for live musicals or champagne or a Jaguar or whatever delights you. ...
by Whiggish Boffin
Sun Jul 19, 2015 10:54 pm
Forum: Investing - Theory, News & General
Topic: Annuities-when and why?
Replies: 46
Views: 8186

Re: Annuities-when and why?

There are many insurance-company products called "annuities" and most of them are awful. The Bogleheads generally approve of one kind, or maybe two: SPIA and Longevity Insurance. The SPIA -- Single-Premium Immediate Annuity -- has you pay a huge chunk of money to the insurance company. Tha...