Search found 264 matches

by bb
Mon Jul 10, 2017 11:42 am
Forum: Personal Finance (Not Investing)
Topic: early retirement, asset location
Replies: 9
Views: 1119

Re: early retirement, asset location

Sooner or later I will hit upon the right question - if you want x dollars to spend
how do you arrive at how much money you need saved up between y taxable
and z tax deferred accounts.
by bb
Mon Jul 10, 2017 9:31 am
Forum: Personal Finance (Not Investing)
Topic: early retirement, asset location
Replies: 9
Views: 1119

Re: early retirement, asset location

Guess I was thinking there are 2 issues here - accessing retirement accounts before 59 1/2 and how to go about spending money from taxable/tax deferred accounts which obviously affects taxes. If notionally you could live on 3% of assets how to think about tax rates and asset location to figure out h...
by bb
Sun Jul 09, 2017 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: early retirement, asset location
Replies: 9
Views: 1119

early retirement, asset location

Hypothetical question - if you were to reach a number whereby you thought
you could support your needed expenses at a 3% withdrawal rate would it
matter in terms of early retirement if the assets were 100/0, 50/50, or 0/100
taxable/tax deferred accounts?
by bb
Sat May 27, 2017 8:13 pm
Forum: Personal Consumer Issues
Topic: "sport short" workout/jogging shorts
Replies: 5
Views: 720

Re: "sport short" workout/jogging shorts

Sorry - didn't mean to imply that no one is making cotton shorts. I measured
my old shorts - 5" inseam. Recently bought a pair at Champion and they were 9" inseam.
Seems like no one i making shorts that are short anymore.
by bb
Sat May 27, 2017 1:08 pm
Forum: Personal Consumer Issues
Topic: "sport short" workout/jogging shorts
Replies: 5
Views: 720

"sport short" workout/jogging shorts

I always roll my eyes when people post topics such as this so here goes... Looking for 100% cotton shorts, navy, elastic waste, slightly less than mid thigh length (jogging short). Aware of Champion Brand - not crazy about weight (too light) and design/fit. Seems like they used to be common in place...
by bb
Wed May 24, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Insurance: To what extent does company matter
Replies: 3
Views: 553

Insurance: To what extent does company matter

Currently have auto through State Farm. Another company is quoting 30% less. Granted we are not talking large sums of money here. I have never put in an auto claim. To what extent does it matter which company is behind your car insurance and if it really matters how would you go about deciding which...
by bb
Tue May 09, 2017 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Retire Early?? Need a sense check
Replies: 42
Views: 8228

Re: Retire Early?? Need a sense check

I'm not sure how closely an estimate done today with AnyPIA, at say age 55 and stopping work at 55 will differ from an estimate say 5 years in the future when there would be a new version of AnyPIA with a new NAWI value (with 5 years of increases) to use for the index factors and new bend points. C...
by bb
Mon May 08, 2017 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Retire Early?? Need a sense check
Replies: 42
Views: 8228

Re: Retire Early?? Need a sense check

At full retirement age (67):
$2,906 a month
At age 70:
$3,608 a month
At early retirement age (62):
$2,000 a month


I thought redution was 25% at 62? $2k is about a 45%
reduction.
by bb
Mon May 08, 2017 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Retire Early?? Need a sense check
Replies: 42
Views: 8228

Re: Retire Early?? Need a sense check

I guess I would be interested in OP's AA and plan if there is a significant decline in taxable account. Is it clear that spending down taxable is better than ROTH conversions from a tax stand point. Is there value in treating taxable/tax defferred accounts as separate with regards to retirement plan...
by bb
Sun Feb 19, 2017 12:16 pm
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 46
Views: 4775

Re: economics of landlording

Does that maintenance cover new furnace, new roof?
Certainly that kid of return does not sound great on the
face of it. Do you expect the house to appreciate?
by bb
Sat Feb 18, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: life insurance vs extended warranties
Replies: 8
Views: 597

life insurance vs extended warranties

The general consensus is extended warraties are not a good deal. General wisdom is manufacturers make money on the agreements so a consumer would be better off not buying them. Wondered to what extent this is similar with life insurance. Companies price the policies knowing they will make a profit. ...
by bb
Sun Feb 12, 2017 10:03 pm
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 342
Views: 25444

Re: Why go with an 80% stock / 20% bond portfolio?

anticipate staying 100% equities until I'm 45 (10 years from tentative retirement), at which point I'll likely shift to around 70/30.


Thank you. That certainly helps me frame the discussion which I thought was lacking.
by bb
Sun Feb 12, 2017 8:39 pm
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 342
Views: 25444

Re: Why go with an 80% stock / 20% bond portfolio?

OP: Please indulge me on extending your asset allocation model from
from 20's to 60's. Please list your assumptions.
by bb
Sun Feb 12, 2017 11:35 am
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 342
Views: 25444

Re: Why go with an 80% stock / 20% bond portfolio?

Ok - even if we concede that 100/0 vs 80/20 might not drive any different
behavior in the 20s-30s - walk me through 40s-60s assuming no employment
contract, no defined benefit retirement plan, no employer provided health
insurance. When does the allocation to fixed income start?
by bb
Sat Feb 11, 2017 11:17 pm
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 342
Views: 25444

Re: Why go with an 80% stock / 20% bond portfolio?

OP: Have you ever worked for a Fortune 500 Company?
by bb
Sat Feb 11, 2017 11:51 am
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 342
Views: 25444

Re: Why go with an 80% stock / 20% bond portfolio?

I have very strong job security (civil service)


OP - do you have a defined benefit pension coming your way? Boy that sure would
be a relevant factor affecting need/ability/desire to take risk.
by bb
Sat Feb 11, 2017 11:45 am
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 342
Views: 25444

Re: Why go with an 80% stock / 20% bond portfolio?

What does the time frame have to do it, unless you're preparing to use your capital as a big emergency fund? If you are forced to retire your capital is all you have to live on. Conversely, if you don't have at least 25 times your desired income, retirement isn't going to catch you by surprise. If ...
by bb
Sat Feb 11, 2017 8:42 am
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 342
Views: 25444

Re: Why go with an 80% stock / 20% bond portfolio?

Summary: 1) OP didn't find any merit to 80/20 portfolio vs 100/0 in terms of reduced volatility being convincing 2) If you invest in stocks you need non-stock funds to weather a bear market - call it 5 years 3) As you get older you never know when you are going to be unemployed/underemployed/retired...
by bb
Fri Feb 10, 2017 7:22 pm
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 342
Views: 25444

Re: Why go with an 80% stock / 20% bond portfolio?

I'm not determined to prove a point, but I have yet to hear a convincing argument that the typical investor


You have heard several reasons. You just don't agree with them.
by bb
Sun Feb 05, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Do you account for likely life expectancy in retirement?
Replies: 63
Views: 5373

Re: Do you account for likely life expectancy in retirement?

Practically speaking I don't see how you can factor life expectancy
into retirement planning because it is something that will always
be unkown. If you had some certainty that you can withdraw
(x)% over a period of (y) years that would be one thing, but I don't
believe that is the case.
by bb
Sun Feb 05, 2017 11:31 am
Forum: Investing - Help with Personal Investments
Topic: duration: vanguard intermediate bond vs NY long term
Replies: 3
Views: 528

duration: vanguard intermediate bond vs NY long term

The vanguard intermediate bond has a duration and average maturity close to each other (6.5,7.2) while the new york state long term fund show (17.4,6.6). So I am confused why one fund is considered intermediate and the other fund is considered long term. For investing purposes would you put the inte...
by bb
Sat Feb 04, 2017 9:00 am
Forum: Personal Finance (Not Investing)
Topic: How much will i need to retire in my apartment in nyc?
Replies: 35
Views: 4299

Re: How much will i need to retire in my apartment in nyc?

If I were willing to draw down the principle and need to plan to live to 100 (grandparents died in late 90's) what would that be?


4% withdrawal adjusted for inflation (real) does assume you are drawing
down the principal.
by bb
Thu Feb 02, 2017 9:34 am
Forum: Personal Finance (Not Investing)
Topic: How much will i need to retire in my apartment in nyc?
Replies: 35
Views: 4299

Re: How much will i need to retire in my apartment in nyc?

2.5% average inflation, 1.025^20= 1.64 3.0% average inflation, 1.03^20=1.8 3.5% average inflation, 1.035^20=1.99 Take a guess at inflation and there is your multiple of today's dollars needed in 20 years. 4% withdrawal rate for today's $1.25M ($50k) will need to be $2.25M in 20 years assuming 3% inf...
by bb
Thu Jan 05, 2017 9:07 pm
Forum: Personal Consumer Issues
Topic: Can you recommend a good food scale?
Replies: 14
Views: 874

Re: Can you recommend a good food scale?

+1 for oxo (think mine might be 11#max)
by bb
Sun Nov 13, 2016 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: How much is business worth?
Replies: 49
Views: 5037

Re: How much is business worth?

No one is going to invest $250k to make $40k a year


I have wondered to what extent small businesses that are for sale are akin
to buying a job.
by bb
Sat Oct 29, 2016 7:51 pm
Forum: Personal Consumer Issues
Topic: Valuation of Commercial Property
Replies: 11
Views: 1186

Re: Valuation of Commercial Property

I know someone who offered seller financing - buyer eventually stopped paying
and it took several years to get the property back. No I am not kidding.
by bb
Sat Aug 27, 2016 11:25 am
Forum: Investing - Theory, News & General
Topic: "How to Tell if Your Retirement Nest Egg Is Big Enough"
Replies: 61
Views: 15131

Re: "How to Tell if Your Retirement Nest Egg Is Big Enough"

with 20-25 years worth of residual expenses in "safe" fixed income In the age of no pensions having 20-25 years invested with no risk does not seem practical for middle class. Think that would translate into never retiring or maybe retiring at 65. A plan to work until 65 for Fortune 500 c...
by bb
Sun May 08, 2016 1:12 pm
Forum: Investing - Theory, News & General
Topic: Got a Question for Jack Bogle? Post it Here.
Replies: 88
Views: 12379

Re: Got a Question for Jack Bogle? Post it Here.

Where are answers to questions posted?
by bb
Fri Apr 22, 2016 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: withdrawing money from 401k plan at 55
Replies: 3
Views: 693

withdrawing money from 401k plan at 55

I was wondering if all 401k plans allow you to leave employment at 55 and
take distributions penalty free? My plan document doesn't mention being
able to do that. Are the rules governing this set by the plan or IRS?
by bb
Sat Feb 13, 2016 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: deducting government obligation income from NYS income tax
Replies: 13
Views: 917

Re: deducting government obligation income from NYS income tax

Thanks for help. Would be nice if when you called the tax department ....
by bb
Fri Feb 12, 2016 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: deducting government obligation income from NYS income tax
Replies: 13
Views: 917

Re: deducting government obligation income from NYS income tax

Hodor wrote:Bond interest payments are not qualified dividends and are taxed at your ordinary interest rate. Only qualified dividends from US and some foreign stocks are taxed at the capital gains rate.


I didn't say they were qualified dividends but they do appear on the 1099-DIV as dividends.
by bb
Fri Feb 12, 2016 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: deducting government obligation income from NYS income tax
Replies: 13
Views: 917

Re: deducting government obligation income from NYS income tax

S-121 Certain investment income from U.S. government agencies Enter any interest or dividend income on bonds or securities of any U.S. authority, commission, or instrumentality that is exempt from state income taxes under federal laws (but included in federal income). https://www.tax.ny.gov/pdf/cur...
by bb
Fri Feb 12, 2016 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: deducting government obligation income from NYS income tax
Replies: 13
Views: 917

Re: deducting government obligation income from NYS income tax

(Certainly not trying to argue - still a question) Line 28 of IT-201 is Interest Income on US government bonds If you go under the instructions for Line 28 it says: Did you include interest income from U.S. government bonds or other U.S. government obligations on lines 2, 6, or 11? If No, go to line...
by bb
Fri Feb 12, 2016 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: deducting government obligation income from NYS income tax
Replies: 13
Views: 917

Re: deducting government obligation income from NYS income tax

So would you have to also move that income on the federal 1040 from from dividends to income? Obviously that would not be a favorable thing to do as you would pay federal income tax rates on that money vs capital gains and dividends rate? Issue is NYS says only include income from line 2 - interest ...
by bb
Fri Feb 12, 2016 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: deducting government obligation income from NYS income tax
Replies: 13
Views: 917

deducting government obligation income from NYS income tax

I hold vanguard intermediate term bond index in a taxable account. Fund holds >50% assets with US government obligations. The income is reported as ordinary dividends (1099-DIV). According to NYS income from US government bonds can be deducted but only if it is reported as interest income - not divi...
by bb
Fri Jan 22, 2016 10:38 am
Forum: Personal Finance (Not Investing)
Topic: 401k plans that penalize in service withdrawals of after tax money
Replies: 10
Views: 811

Re: 401k plans that penalize in service withdrawals of after tax money

No - not talking hardship withdrawal.

After tax contributions mean after you have either contributed the max annual contribution to
401k/roth 401k and put extra money in it goes to regular 401k.
by bb
Fri Jan 22, 2016 9:57 am
Forum: Personal Finance (Not Investing)
Topic: 401k plans that penalize in service withdrawals of after tax money
Replies: 10
Views: 811

401k plans that penalize in service withdrawals of after tax money

Current and former company penalize in service withdrawals of after tax money in the 401k plan (which has to be contributed to the traditional 401k) - believe it is 6 month suspension from plan participation and company match. (Q1) Any theory on why some companies do and some companies do not penali...
by bb
Sat Dec 12, 2015 11:47 pm
Forum: Personal Consumer Issues
Topic: Where to Rent a Honda Accord
Replies: 25
Views: 4660

Re: Where to Rent a Honda Accord

Just go on a bunch of test drives - could do several at each Honda dealership.
After 10-20 test drives I think you will know if you want the car or not.
by bb
Fri Nov 20, 2015 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: High Earner Careers?
Replies: 254
Views: 34722

Re: High Earner Careers?

"I would guess total compensation of 160-180k is median in the bay area ..."


Ahh - am I the only one that does not consider median salary in the Bay Area the
median salary for software development - or anything else? The OP was not
about salaries in the Bay Area.
by bb
Mon Nov 16, 2015 11:06 am
Forum: Personal Finance (Not Investing)
Topic: taxable account vs roth 401k
Replies: 7
Views: 915

Re: taxable account vs roth 401k

I was under the impression that distributions from a roth 401k would not affect AGI? Does it really affect AGI and is the answer different between a Roth 401k and a Roth IRA? I assume money in a Roth 401k could be moved to a Roth IRA if there was any benefit to that.
by bb
Mon Nov 16, 2015 8:28 am
Forum: Personal Finance (Not Investing)
Topic: taxable account vs roth 401k
Replies: 7
Views: 915

Re: taxable account vs roth 401k

I thought about this a little more and I guess it comes down to is having the extra deferral space offered by roth 401k (converting after tax traditional 401k to roth 401k) worth giving up flexibility in terms of early retirement of a taxable account. I realize the money can be rolled into a roth ir...
by bb
Mon Nov 16, 2015 7:38 am
Forum: Personal Finance (Not Investing)
Topic: High Earner Careers?
Replies: 254
Views: 34722

Re: High Earner Careers?

so if we define "mid level" as "the average at top tech companies in a high COL area" I guess the rest of the country is just fly-over country. But yes - a legitimate answer - but lots of caveats that should be mentioned. As has already been mentioned it is like asking what you ...
by bb
Sun Nov 15, 2015 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: High Earner Careers?
Replies: 254
Views: 34722

Re: High Earner Careers?

Realizing this thread has been somewhat high jacked - does anyone care to hazard a guess on what % of software developers in the US are making $250-$300k ? I am not talking about what google is paying, or facebook - what is the median salary, what salary puts you in the top 25%. If I was looking at ...
by bb
Sun Nov 15, 2015 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: taxable account vs roth 401k
Replies: 7
Views: 915

taxable account vs roth 401k

After maxing traditional 401k IRS limits would it be better to contribute to a 401k after tax that could be converted to roth 401k (in plan conversion) or keep the money in a taxable account? My employer's plan allows for in-plan roth 401k conversions. Withdrawal of after tax contributions results i...
by bb
Sun Nov 15, 2015 11:37 am
Forum: Personal Finance (Not Investing)
Topic: High Earner Careers?
Replies: 254
Views: 34722

Re: High Earner Careers?

I guess it's fine to say some software developers/engineers are making $300K but what is being left out is all the caveats. When someone asks what jobs are people making $300K I think the caveats need to be mentioned - what is the median. If all we are talking about is the top 10% then it should be ...
by bb
Sat Nov 14, 2015 10:28 am
Forum: Personal Finance (Not Investing)
Topic: High Earner Careers?
Replies: 254
Views: 34722

Re: High Earner Careers?

I don't think $300K in engineering after 10 years is
a realistic expectation. I would be interested in
data on what % of engineers make that kind
of money - at 10 years and at any age.
by bb
Fri Mar 06, 2015 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Does My Daughter Need A Prenup?
Replies: 175
Views: 10916

Re: Does My Daughter Need A Prenup?

I am sure someone with way more knowledge than me will post
but I think answer depends on state you live in with regards to
how property is divided. Believe in some states trust can
be used to segregate property.
by bb
Wed Mar 04, 2015 10:13 pm
Forum: Personal Consumer Issues
Topic: Honda fit vs VW GTI
Replies: 54
Views: 10424

Re: Honda fit vs VW GTI

I absolutely loved the GTI.

I bought a camry.
by bb
Sat Feb 21, 2015 12:51 pm
Forum: Forum Issues and Administration
Topic: question on doing forum search
Replies: 2
Views: 758

Re: question on doing forum search

I guess :

search term site:bogleheads.org

Does work. Any idea why the difference?

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