Search found 327 matches

by WoodSpinner
Sun Dec 10, 2017 9:44 pm
Forum: Personal Consumer Issues
Topic: Espresso Machine suggestions?
Replies: 33
Views: 1615

Re: Espresso Machine suggestions?

I've developed a bit of an addiction to lattes. I'm pretty frugal in most other areas so I don't mind buying a few every week for myself and DW. What I do mind is the time it takes to drive to the other side of town to get a decent one. I was thinking of trying to make my own in house so I don't ha...
by WoodSpinner
Sun Dec 10, 2017 12:19 am
Forum: Personal Consumer Issues
Topic: Espresso Machine suggestions?
Replies: 33
Views: 1615

Re: Espresso Machine suggestions?

I've developed a bit of an addiction to lattes. I'm pretty frugal in most other areas so I don't mind buying a few every week for myself and DW. What I do mind is the time it takes to drive to the other side of town to get a decent one. I was thinking of trying to make my own in house so I don't ha...
by WoodSpinner
Sat Dec 09, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Save all this money, what do you splurge on?
Replies: 135
Views: 8435

Re: Save all this money, what do you splurge on?

Interesting to read everyone’s thoughts..... For me it’s a wonderful Pro-summer Espresso machine and grinder. Few things bring me as much pleasure as a well pulled shot and the enjoyment of a morning Americano . https://www.wholelattelove.com/expobar-office-lever-baratza-vario-w-metal-portaholder As...
by WoodSpinner
Thu Dec 07, 2017 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Just downsized at age 60...input appreciated
Replies: 29
Views: 3534

Re: Just downsized at age 60...input appreciated

OP, I started 2017 without much of a clue on how to setup investments my and plan for retirement. I had a similar nest egg but used newsletters and an FA to guide my me. When I decided to retire this year, I started a learning process. At first, I just wanted to make sure I understood the decisions ...
by WoodSpinner
Wed Dec 06, 2017 10:28 am
Forum: Personal Consumer Issues
Topic: working in the oil fields as a mechanic.
Replies: 21
Views: 2061

Re: working in the oil fields as a mechanic.

OP, What kind of info are you looking for? From a finance perspective: 1. Keep your living costs down (this can be challenging in a boom-cycle) . 2. Stash your cash—the boom WILL BE FOLLOWED BY A BUST and the cash is a vital safety net. Others will have to provide more details from their experiences...
by WoodSpinner
Mon Dec 04, 2017 6:29 am
Forum: Investing - Help with Personal Investments
Topic: Spending Taxable to Zero during Retirement
Replies: 42
Views: 4977

Re: Spending Taxable to Zero during Retirement

Thank you for your replies thus far. Somehow I seemed to have left the impression that I am spending down my taxable account in isolation from my tax advantage accounts. As I stated in my original post I am using withdawals from my taxable for both expenses and income tax on partial Roth conversion...
by WoodSpinner
Wed Nov 29, 2017 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: How much to convert to Roth without raising tax bracket
Replies: 12
Views: 1514

Re: How much to convert to Roth without raising tax bracket

Hi all, First-time poster here with a question about a Roth conversion. I am in a bit of a unique tax situation and am wondering if there is a method to determine how much of my IRA I can convert to Roth before pushing the tax bracket. I have played around with the previous year's TurboTax program ...
by WoodSpinner
Wed Nov 29, 2017 12:30 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 7063

Re: Does it make sense to drop health insurance?

OP, No it doesn't make sense!! You are gambling with Financial Ruin, Bankruptcy , not to mention Significantly Poorer Health Care that may be critical to save your life or the lives of your family. Health care costs are crazy -- but it is even crazier to go without. That's my take on the situation.....
by WoodSpinner
Tue Nov 28, 2017 11:37 am
Forum: Personal Consumer Issues
Topic: closet organizing system
Replies: 40
Views: 5887

Re: closet organizing system

OP, We used the ELFA System designed and purchased through the Container Store . As I recall they have a big sale in January, so we did the design in December, had it reviewed and approved (DW and Contractor) and hit the button when the sale began. Had them deliver and install -- definitely reduces ...
by WoodSpinner
Mon Nov 27, 2017 5:04 pm
Forum: Investing - Theory, News & General
Topic: Bonds - Throw it all on the table!!!
Replies: 201
Views: 33093

Re: Bonds - Throw it all on the table!!!

Ok, here goes ...

1. CDs (Next year Expenses + Emergency Fund)
2. Vanguard Short Term Bond (VCSH) - Year 2 & 3 Expenses
3. Vanguard Intermediate Term Bond (BIV) Year 4-10 Expenses

Currently at 52% (Equities)/ 44% Bonds/ 4% Cash (CDs)

Fire in Dec2017.

:D
by WoodSpinner
Mon Nov 27, 2017 4:50 pm
Forum: Personal Consumer Issues
Topic: Security Cameras - New home has been pre-wired
Replies: 10
Views: 914

Re: Security Cameras - New home has been pre-wired

pdanet wrote:
Mon Nov 27, 2017 3:32 pm
WoodSpinner wrote:
Mon Nov 27, 2017 3:25 pm

I have been very pleased with the LaView 3MP setup I installed this summer. If you act fast, there is a CyberMonday deal going on for 30% off. It uses CAT-6 cables for PoE .....
Thanks. Can you post the link here please?
Here you go ...

https://www.laviewsecurity.com/
by WoodSpinner
Mon Nov 27, 2017 3:38 pm
Forum: Personal Consumer Issues
Topic: 2018 Goals - Financial or Otherwise
Replies: 63
Views: 4634

Re: 2018 Goals - Financial or Otherwise

OP, Well here goes ... 1. Get used to being RETIRED ! I FIRE in December after 40 years of work. 2. Implement 2018 financial retirement plans including; 401K Rollover, large donation to a DAF (assuming current tax law remains), start of pension, and no more pay-checks. 3. Travel -- next year we have...
by WoodSpinner
Mon Nov 27, 2017 3:25 pm
Forum: Personal Consumer Issues
Topic: Security Cameras - New home has been pre-wired
Replies: 10
Views: 914

Re: Security Cameras - New home has been pre-wired

so we are about 2 months from moving into our new home and we paid the builder to have the home pre-wired for 4 security cameras and they cost a pretty penny. Any recommendation for 4 security camera, with night vision and larger hard-drive(1 or 2TB). Am checking few cyber monday deals but apprecia...
by WoodSpinner
Sun Nov 26, 2017 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another can I afford this house post- please weigh in
Replies: 27
Views: 2655

Re: Yet another can I afford this house post- please weigh in

OP,

Curious about what attracts you to a house? Just wondering if there were non-economic factors to consider.....

8-)
by WoodSpinner
Sat Nov 25, 2017 11:23 am
Forum: Investing - Theory, News & General
Topic: Bond fund duration(s) in retirement
Replies: 16
Views: 1330

Re: Bond fund duration(s) in retirement

Let's assume that an investor approaching retirement, or in the first few years of retirement, uses bond funds for the bond portion of his or her asset allocation. Let's also assume, for the moment, that (s)he accepts the view that intermediate-term (IT) bonds (or bond funds) represent the best dur...
by WoodSpinner
Fri Nov 24, 2017 9:25 pm
Forum: Personal Consumer Issues
Topic: I bought Vanguard Index Funds to get the black friday shopping out of my system
Replies: 17
Views: 1434

Re: I bought Vanguard Index Funds to get the black friday shopping out of my system

I observe Buy Nothing day. Black Friday looks like an exercise in insanity to me. :annoyed , personally I succumbed to the madness! I just love a good sale :greedy ! Fortunately, We LBOM and I consider it practice for spending some more in retirement. Happy with the deals I got—definitely filled a ...
by WoodSpinner
Thu Nov 23, 2017 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Bucket or Rebalance ?
Replies: 17
Views: 1375

Re: Bucket or Rebalance ?

In the past I have kept two years of basic expenses (about $100K) in Vanguard's Money Market Fund. I am considering putting the money in my four fund portfolio and withdrawing my annual expenses in January by rebalancing instead of keeping that much cash. My asset allocations is 50/50. Good idea? B...
by WoodSpinner
Wed Nov 22, 2017 1:10 pm
Forum: Personal Consumer Issues
Topic: Best Basic DESKTOP?
Replies: 72
Views: 4778

Re: Best Basic DESKTOP?

Honestly, unless you are a serious gamer (and if you have to ask if you are, you are not!) even the cheapest bare-bones desktop computer will suffice for general purpose computing. This question comes up all the time here, and I think it reflects the age of the demographics here, with plenty of old...
by WoodSpinner
Tue Nov 21, 2017 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Advice for end of 2017??
Replies: 11
Views: 1422

Re: Advice for end of 2017??

Have you considered increasing charitable donations? :greedy
by WoodSpinner
Tue Nov 21, 2017 9:42 am
Forum: Investing - Help with Personal Investments
Topic: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]
Replies: 53
Views: 2469

Re: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]

OP, My suggestion is to sell ALL DTE stock for the simple reason it is too risky and does not meet her portfolio objectives. Pay the taxes and invest based on your plan. You can make a quarterly payment by Jan 15, 2018 for FY2017. There are thousands of threads on the issue of Divedends versus selli...
by WoodSpinner
Mon Nov 20, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Asset location in retirement (stocks)?
Replies: 9
Views: 808

Re: Asset location in retirement (stocks)?

Check this WIKI entry and see if it helps with your question....

https://www.bogleheads.org/wiki/Tax-eff ... _placement
by WoodSpinner
Sun Nov 19, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services/Portfolio Review
Replies: 45
Views: 3498

Re: Vanguard Personal Advisor Services/Portfolio Review

I'll echo most of the comments above. Congrats and good plan... Several thoughts: 1. I too think one bond fund is sufficient, VG's total US bond. I do not understand the need for international bonds at all. VBTLX does the job in its entirety and is the cheapest way to go too. 2. I'm not a fan of in...
by WoodSpinner
Sun Nov 19, 2017 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services/Portfolio Review
Replies: 45
Views: 3498

Re: Vanguard Personal Advisor Services/Portfolio Review

I agree with Taylor that you only need one bond fund; your plan is reasonable. Humble apologies, but I disagree. I think it’s much better to structure your bond funds to match your spending horizon (eg when you need the money) to reduce the impact of yield changes over time. For instance, Cash (1 y...
by WoodSpinner
Sun Nov 19, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services/Portfolio Review
Replies: 45
Views: 3498

Re: Vanguard Personal Advisor Services/Portfolio Review

Looks like a great portfolio to me. I think you may have a small lack of flexibility since your stocks are essentially all in taxable and the bonds are all in IRA/Roth IRA. If this becomes an issue, it will not be difficult to figure out a simple solution. It seems to me you have way more money tha...
by WoodSpinner
Fri Nov 17, 2017 8:37 am
Forum: Investing - Theory, News & General
Topic: Where did you first learn about investing?
Replies: 98
Views: 5073

Re: Where did you first learn about investing?

<snip> I have exactly 8 working days left to Retirement and I wouldn’t have been prepared without all of these influences . Been working for 40 years—time for something different! WoodSpinner 8-) Congratulations! I do hope for you that your retirement will be as fantastic as mine has been for the p...
by WoodSpinner
Thu Nov 16, 2017 7:30 pm
Forum: Investing - Theory, News & General
Topic: Where did you first learn about investing?
Replies: 98
Views: 5073

Re: Where did you first learn about investing?

Op, Great question, here are a few of my experiences.... 1. My mother belonged to an investment club and used to pour over the stock charts looking for patterns. She enlisted me, As her 7 year-old sidekick hunting for the right pattern so she could invest her small pile. I don’t think a she got rich...
by WoodSpinner
Thu Nov 16, 2017 8:35 am
Forum: Investing - Theory, News & General
Topic: Fixed percentage withdrawal of maximum portfolio value?
Replies: 14
Views: 1198

Re: Fixed percentage withdrawal of maximum portfolio value?

AlohaJoe wrote:
Thu Nov 16, 2017 7:39 am
columbia wrote:
Thu Nov 16, 2017 7:32 am
In the bar graph, EM = ...what?
It is from Michael McClung's book Living Off Your Money. The full name is "Extended Mortality Updating Using Failure Percentage".
Gotta give you major kudos for that analysis!!

:sharebeer

How did you do it? I need to up my toolkit.
by WoodSpinner
Tue Nov 14, 2017 9:52 pm
Forum: Investing - Theory, News & General
Topic: BOGLEHEADS 2017 VIDEOS
Replies: 34
Views: 5165

Re: BOGLEHEADS 2017 VIDEOS

I really appreciate the videos and find them quite interesting and informative. All of the hard work it took to pull this together is definitely worthwhile! :greedy One suggestion for improvement for next year is to try and involve and show the entire panel. I would have liked to hear more from Chr...
by WoodSpinner
Tue Nov 14, 2017 9:50 am
Forum: Investing - Theory, News & General
Topic: BOGLEHEADS 2017 VIDEOS
Replies: 34
Views: 5165

Re: BOGLEHEADS 2017 VIDEOS

I really appreciate the videos and find them quite interesting and informative. All of the hard work it took to pull this together is definitely worthwhile! :greedy One suggestion for improvement for next year is to try and involve and show the entire panel. I would have liked to hear more from Chri...
by WoodSpinner
Mon Nov 13, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: POAs may not be that powerful
Replies: 94
Views: 5292

Re: POAs may not be that powerful

Banks and brokerages may refuse a POA. https://www.nytimes.com/2016/05/10/health/finding-out-your-power-of-attorney-is-powerless.html?_r=0 This was a wake-up call for me earlier this year and I bit the bullet and setup PoA authority for all of my accounts. Lots of paperwork and notary, but I sleep ...
by WoodSpinner
Mon Nov 13, 2017 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Failure to file Form 8606 30 years ago....
Replies: 6
Views: 1569

Re: Failure to file Form 8606 30 years ago....

So, long story short, my wife transferred a pre-tax traditional IRA over to Vanguard in 1989 that was less than $2,000, but Vanguard required a minimum opening balance of $2,000, So she kicked in $300 at the time of the transfer. The transfer was executed as a distribution then contribution (1009-R...
by WoodSpinner
Mon Nov 13, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Policy Statement (RPS) -- Is anyone else using one?
Replies: 12
Views: 1222

Re: Retirement Policy Statement (RPS) -- Is anyone else using one?

siamond,

If you are comfortable with it, I would love some insights into your decision making rules. What are they? How did you structure them?

Thanks

joel
by WoodSpinner
Sun Nov 12, 2017 10:12 am
Forum: Personal Consumer Issues
Topic: Unnecessary Corporate Meetings
Replies: 25
Views: 1945

Re: Unnecessary Corporate Meetings

I sometimes have meetings to discuss what to talk about during the next meeting. Sigh. My personal favorite is the The meeting before the meeting to make sure there are no disagreements at the meeting Followed closely by The meeting after the meeting to make sure the agreements were really there an...
by WoodSpinner
Fri Nov 10, 2017 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Looking for some feedback on finances/planned home purchase.
Replies: 14
Views: 1266

Re: Looking for some feedback on finances/planned home purchase.

OP here. Just wanted to give a quick update to this thread (I know I like to see closure on others' threads). We ended up buying a townhouse for $375,000 and put 20% down. That left us with a mortgage right at $300,000, which is right at 2x our income. PITI + HOA is just under $2,000 (16% of gross ...
by WoodSpinner
Thu Nov 09, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning and Suggestions Needed
Replies: 5
Views: 646

Re: Retirement Planning and Suggestions Needed

Op,

You might find this WIKI article helpful.

Prioritizing Imvestments.

8-)
by WoodSpinner
Thu Nov 09, 2017 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Bogleizing Widowed Mom's Portfolio (tax considerations)
Replies: 25
Views: 1765

Re: Bogleizing Widowed Mom's Portfolio (tax considerations)

DA200, One suggestion fwiw, Use the remaining space in the 15% bracket to sell off the larger Taxable gains. After that, take the Tax hit and shift to a more Bogle approach. Might consider a Donor Advised Fund if she is interested in charitable deductions—you can donate holdings from the Taxable acc...
by WoodSpinner
Thu Nov 09, 2017 2:05 pm
Forum: Investing - Theory, News & General
Topic: Wes Gray: Do Trend Folowing Managed Futures Increase Safe Withdrawal Rates?
Replies: 14
Views: 1076

Re: Wes Gray: Do Trend Folowing Managed Futures Increase Safe Withdrawal Rates?

https://alphaarchitect.com/2017/11/08/trend-following-managed-futures-safe-withdrawal-rates/ This is an article I found on alpha architect by Wes Grey. It looks at how adding Time Series Momentum (Managed Futures) to a Portfolio can increase the safe withdrawal rate in retirement. This is potential...
by WoodSpinner
Thu Nov 09, 2017 8:50 am
Forum: Personal Consumer Issues
Topic: Coffee
Replies: 51
Views: 3979

Re: Coffee

For those interested in learning more about coffee I recommend the “Caffeinated” documentary on Netflix. Watch it on your iPad while enjoying your favorite brew. On that note since wine came into the equation, I recommend “Somm” and its follow up documentary also on Netflix. Thanks-will do just that.
by WoodSpinner
Thu Nov 09, 2017 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Bond Fund question - active vs. managed (VBMFX vs. PICYX)
Replies: 16
Views: 847

Re: Bond Fund question - active vs. managed (VBMFX vs. PICYX)

I think we are in agreement on this—especially since the fund they are proposing as a replacement cement is taking on significantly more risk to improve returns.

8-)
by WoodSpinner
Wed Nov 08, 2017 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Fund question - active vs. managed (VBMFX vs. PICYX)
Replies: 16
Views: 847

Re: Bond Fund question - active vs. managed (VBMFX vs. PICYX)

Op, I think bonds are an area where Active investing often outperforms passive investing, even with higher ER expenses. I hold some PIMCO (PONPX) in the Portfolio along with VCSH and BIV. :beer Eh, it's been a few years, but all of the studies I read concluded that, once you choose the type of bond...
by WoodSpinner
Wed Nov 08, 2017 7:05 pm
Forum: Personal Consumer Issues
Topic: Coffee
Replies: 51
Views: 3979

Re: Coffee

Love small coffee shops and high quality roasters (we are lucky to have a Peet's close by). ... I don't understand the proliferation of Starbucks and other large chains, yet somehow they are making a living. I like Peet's too, but I would definitely consider it one of the large chains!!! 5000 emplo...
by WoodSpinner
Wed Nov 08, 2017 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Fund question - active vs. managed (VBMFX vs. PICYX)
Replies: 16
Views: 847

Re: Bond Fund question - active vs. managed (VBMFX vs. PICYX)

Op,

I think bonds are an area where Active investing often outperforms passive investing, even with higher ER expenses.

I hold some PIMCO (PONPX) in the Portfolio along with VCSH and BIV.

:beer
by WoodSpinner
Wed Nov 08, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Policy Statement (RPS) -- Is anyone else using one?
Replies: 12
Views: 1222

Re: Retirement Policy Statement (RPS) -- Is anyone else using one?

Very nicely done. You mention that one of the reasons for doing this is... "Becomes a vehicle my DW can use in case I pass early or loose my faculties." Is your DW able to manage the portfolio as currently designed ? Would she know how to re-balance ? If she can, that's great. If not, perhaps a sec...
by WoodSpinner
Wed Nov 08, 2017 12:01 pm
Forum: Personal Consumer Issues
Topic: Coffee
Replies: 51
Views: 3979

Re: Coffee

OP, Coffee is also one of my passions and I really appreciate a well pulled Americano! Love small coffee shops and high quality roasters (we are lucky to have a Peet's close by). That said--I have invested in a Grinder and Espresso machine and normally can pull better shots than just about any store...
by WoodSpinner
Wed Nov 08, 2017 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Policy Statement (RPS) -- Is anyone else using one?
Replies: 12
Views: 1222

Retirement Policy Statement (RPS) -- Is anyone else using one?

As part of planning for retirement this year, I decided to build a Retirement Policy Statement (RPS) to document our retirement finances, cash-flows, and key strategies. Originally I was inspired by an article on Morningstar but this has quickly morphed into a much more extensive document. This docu...
by WoodSpinner
Sun Nov 05, 2017 7:30 am
Forum: Investing - Help with Personal Investments
Topic: Thinking about opening an account with Merrill Edge
Replies: 30
Views: 4446

Re: Thinking about opening an account with Merrill Edge

One thing I forgot to ask but discovered on the web is making the regular account a TOD account requires a notary. I have never encountered this before. My plan is to request the local Bank of American branch to notarize it for free. Yes, it's true and fairly annoying. I like to do things online an...
by WoodSpinner
Sun Nov 05, 2017 7:25 am
Forum: Investing - Help with Personal Investments
Topic: Thinking about opening an account with Merrill Edge
Replies: 30
Views: 4446

Re: Thinking about opening an account with Merrill Edge

OP, I have accounts with Merrill Edge and have been pleased with the service and expenses. Maybe a bit to dependent on manual forms (vs online actions) in some areas (change beneficiaries, POA, Xfer money in/out). That said, I am there because I wanted to consolidate to a single broker to simplify l...
by WoodSpinner
Fri Nov 03, 2017 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loans: Best to Pay Down or Wait for Forgiveness?
Replies: 33
Views: 2112

Re: Student Loans: Best to Pay Down or Wait for Forgiveness?

Op, I admire you for working this issue proactively and not hoping it will just magically go away. Personally, I suggest: 1. Consolidate loans and reduce that interest rate-forget forgiveness. 2. I think you have done well in having a house, and renters to help cover the costs of mortgage. I would k...
by WoodSpinner
Fri Nov 03, 2017 8:42 am
Forum: Investing - Theory, News & General
Topic: Is there a way to track CalPers as an investment?
Replies: 4
Views: 477

Re: Is there a way to track CalPers as an investment?

Hi all - my spouse recently started working for the state of CA and is eligible for CalPers pension benefits (meaning she is contributing and is getting employer contributions). I'd like to somehow keep track of these contributions in our overall portfolio - I use personalcapital.com to manually tr...