Search found 98 matches

by book lover
Thu Feb 22, 2018 9:40 am
Forum: Personal Finance (Not Investing)
Topic: What UN-frugal thing do you do?
Replies: 96
Views: 4107

Re: What UN-frugal thing do you do?

All things Apple and a new luxury car for my wife every ten years.
by book lover
Mon Feb 12, 2018 1:11 pm
Forum: Investing - Theory, News & General
Topic: how did you determine your risk tolerance?
Replies: 103
Views: 4869

Re: how did you determine your risk tolerance?

When the stock market dropped in 2008, we were at 50/50 stocks to bonds and I never did rebalance. After much deliberation in the proceeding years, my wife and I decided that we did not have a large need so down went the allocation of stocks to 30%. Overly conservative? Probably but that was where o...
by book lover
Sat Feb 10, 2018 10:48 am
Forum: Personal Consumer Issues
Topic: Financially secure, horrible workplace but just can't FIRE
Replies: 54
Views: 6296

Re: Financially secure, horrible workplace but just can't FIRE

Time has become more valuable than money. Why are you spending your time that way?
by book lover
Sat Jan 27, 2018 2:46 pm
Forum: Investing - Theory, News & General
Topic: Robert Shiller: Stock Market Like 1928
Replies: 57
Views: 6543

Re: Robert Shiller: Stock Market Like 1928

Stick to your plan, stay the course, no one has a crystal ball.
by book lover
Thu Jan 18, 2018 10:11 am
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 142
Views: 7691

Re: Short Commute or Nicer House?

Think of it this way: The number of minutes that you save not driving are multiplied daily then over the course of a year becomes time that can go towards other things that are more important. The happiness literature frequently mentions longer commute times as a source of unhappiness with the sweet...
by book lover
Fri Jan 12, 2018 1:43 pm
Forum: Personal Consumer Issues
Topic: Almost a pathological fear of debt, to my detriment?
Replies: 79
Views: 4699

Re: Almost a pathological fear of debt, to my detriment?

Debt is compounded interest in reverse. If you can avoid it except for a mortgage, I say that there is nothing wrong with that philosophy.
by book lover
Tue Jan 09, 2018 4:06 pm
Forum: Personal Consumer Issues
Topic: Early Retirement Incentive Plan is generating paranoia in a co-worker
Replies: 47
Views: 5692

Re: Early Retirement Incentive Plan is generating paranoia

There is a fascinating book you may want to read called the Psychology of Rumor. My takeaway from that book was that the more important the subject the more rumors would be generated. They studied what went on in WW2 with regards to the creation of rumors.
by book lover
Sat Jan 06, 2018 11:41 am
Forum: Forum Issues and Administration
Topic: Misuse of adverse when averse was meant
Replies: 145
Views: 6088

Re: Misuse of adverse when averse was meant

This reminds me of the debates that were had when the Bible was written and people who were editing a particular passage that they did not agree with would cross it out and change the wording or when the people that write dictionaries come to decide on what words should be added or subtracted.An int...
by book lover
Thu Jan 04, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Two vastly different career considerations...Stability vs. Income
Replies: 67
Views: 4589

Re: Two vastly different career considerations...Stability vs. Income

Remember reading that if you lasted two years in insurance sales you were golden, could you wait and begin to learn all you can about becoming a person that would be in the top one percent of sales people? Brain Tracy would be a very useful resource: his stuff is awesome.
by book lover
Thu Jan 04, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Financial checkup - just found out pregnant
Replies: 22
Views: 2030

Re: Financial checkup - just found out pregnant

Congratulations on your upcoming baby! Given your income levels, have you looked into umbrella insurance? This increases your auto and homeowner's liability and can be set at one to five million dollars.
by book lover
Wed Jan 03, 2018 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 123
Views: 13112

Re: What are your big-picture ‘rules of life’ —financial or otherwise?

Pareto Principle: 80/20 rule, amazing how many things it can be applied to.
by book lover
Wed Jan 03, 2018 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: What strategy do you use to reduce sequence of returns risk in retirement?
Replies: 117
Views: 7752

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

Two books that I would highly recommend: Living Off Your Money: The Modern Mechanics of Investing During Retirement with Stocks and Bonds by Michael H. McClung and How Much Can I Spend in Retirement? : A Guide To Investment - Based Retirement Income Strategies by Wade D Pfau.
by book lover
Wed Jan 03, 2018 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking we are close to winning the game
Replies: 40
Views: 7283

Re: Thinking we are close to winning the game

You have many different funds. Can you simplify and reduce overlap? We use Vanguard Total Bond Market and Vanguard 500 Index and Vanguard Short Term Corporate Bond Index to park reserve cash. We agree with John Bogle regarding not needing International funds.
by book lover
Sun Dec 31, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 5990

Re: What is your threshold for paying down debt?

In 1990, my wife and I purchased our house for $81,000 in a low cost of living area. After reading the book The Debt Squeeze by Ron Blue, I thought it would be prudent to pay it off which we were fortunate to do in four years. Since that time, no debt. In addition, after attending college, before be...
by book lover
Fri Dec 15, 2017 10:24 am
Forum: Personal Finance (Not Investing)
Topic: For those in retirement, how close is your post retirement spending to your pre-retirement estimate?
Replies: 26
Views: 2660

Re: For those in retirement, how close is your post retirement spending to your pre-retirement estimate?

My wife and I have tracked our expenses for twenty seven years and each year we have had an average inflation rate of 1.5%. Since semi retirement, things have changed very little except our health insurance premium has went up substantially in order to get a decent network under an A.C.A. plan. In t...
by book lover
Thu Dec 14, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Help with ACA problem
Replies: 10
Views: 1382

Re: Help with ACA problem

My suggestions would be for her to track her income from the beginning of year so as know where she stands at all times. Perhaps she could pick up some other work in the beginning of the year to supplement what she is already doing and get ahead of the number that she will need to meet the income re...
by book lover
Sat Dec 09, 2017 11:59 am
Forum: Personal Consumer Issues
Topic: GPS tracker for loved one w Alzheimer’s
Replies: 21
Views: 1357

Re: GPS tracker for loved one w Alzheimer’s

There are also shoes that you can purchase that have a GPS tracker in them.
by book lover
Sat Dec 09, 2017 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage instead of buying bonds
Replies: 40
Views: 6688

Re: Paying off mortgage instead of buying bonds

My wife and I were fortunate to be able to pay off our mortgage early and the psychological benefits were wonderful.While doing the math is always important, there is something to be said for the feelings of security you derive from paying off early. Finally, you may want to evaluate the impact of t...
by book lover
Sat Dec 02, 2017 10:30 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 21170

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

If it is being used on the dark web as a medium of purchase, it is not something that I would be interested in being involved with when it comes to investing: the Vanguard 500 Index suits me just fine.
by book lover
Wed Nov 29, 2017 2:27 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 8042

Re: Does it make sense to drop health insurance?

Since you are self employed, have you been reducing your taxable income via a Solo 401 k plan? It makes much more sense to insure against a catastrophic financial event than to role the dice.
by book lover
Fri Nov 24, 2017 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Regrets for taking SS at 62 or waiting?
Replies: 100
Views: 9874

Re: Regrets for taking SS at 62 or waiting?

This discussion as well as previous ones have provided many useful ideas. I continue to go back and forth between taking at 62 or waiting to take at FRA. My mother and father did not live a long life which pulls me towards 62 , however, I realize those numbers do not necessarily mean that I will not...
by book lover
Tue Nov 21, 2017 12:51 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle, the world's richest man
Replies: 25
Views: 5338

Re: Jack Bogle, the word's richest man

Kenkat: Thank you for an improved articulation of my post, much appreciated.
by book lover
Tue Nov 21, 2017 9:46 am
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 91
Views: 14302

Re: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio

Fantastic! Can not wait to read and add to my collection of other Boglehead books.
by book lover
Sun Nov 19, 2017 11:19 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle, the world's richest man
Replies: 25
Views: 5338

Re: Jack Bogle, the word's richest man

How many people in the history of the world gave up billions to help others? I can think of only one.
by book lover
Thu Nov 16, 2017 9:08 am
Forum: Personal Finance (Not Investing)
Topic: [UPDATED 1/26/2018 ] 55+ Early retirement offer.
Replies: 90
Views: 12861

Re: 55+ Early retirement offer.

You may also want to familiarize yourself with the Affordable Care Act. There are some excellent posts here on the Bogleheads.
by book lover
Thu Nov 16, 2017 8:44 am
Forum: Personal Consumer Issues
Topic: Regrets after reaching retirement?
Replies: 42
Views: 4824

Re: Regrets after reaching retirement?

No regrets but a generous helping of serendipity: A friend suggested the right career for me, moved to a low cost of living area without giving that much thought, met me wife though a physician I was working with and had many business opportunities appear from being at the right place and the right ...
by book lover
Fri Nov 10, 2017 3:42 pm
Forum: Investing - Theory, News & General
Topic: "$1 Million is Closer Than You Think"
Replies: 54
Views: 9970

Re: "$1 Million is Closer Than You Think"

Great advertisement to attract people's attention. It's sad that many people believe that the only way to a million dollars is by winning a lottery.
by book lover
Fri Nov 03, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 16424

Re: 2018 ACA rates now live....

The premium went up by 76% mitigated somewhat by the subsidy. Anthem dropped out in Ohio which left my wife and I with a choice of four plans... three of which were Medicaid like in their networks.We chose the remaining one with a better network but higher cost.The A.C.A. came along at a perfect tim...
by book lover
Mon Oct 30, 2017 12:43 pm
Forum: Investing - Theory, News & General
Topic: BOGLEHEADS 2017 VIDEOS
Replies: 34
Views: 5654

Re: BOGLEHEADS 2017 VIDEOS

Thank you. The videos were very interesting and informative.
by book lover
Wed Oct 25, 2017 2:31 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 91
Views: 14302

Re: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio

Congratulations and thank you for helping to improve financial literacy on many fronts.
by book lover
Sat Oct 21, 2017 12:19 pm
Forum: Investing - Theory, News & General
Topic: Shiller: the 1987 stock market panic can happen again
Replies: 29
Views: 3036

Re: Shiller: the 1987 stock market panic can happen again

Ignore the noise, focus on your plan and stay the course.
by book lover
Tue Oct 17, 2017 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: You career roots and your path to financial independence. "Actionable: steps and tips for others?
Replies: 56
Views: 6339

Re: You career roots and your path to financial independence. "Actionable: steps and tips for others?

Begin planning your retirement when you get your first job. Save and monitor your expenses with a ledger. Invest savings in low cost indexed mutual funds. Max out retirement plans. Marry someone with a similar financial philosophy. Have written financial goals with specific timeframes. Be curious , ...
by book lover
Tue Oct 17, 2017 4:44 pm
Forum: Investing - Theory, News & General
Topic: Vanguard expects "decent sized correction" soon, sometime, maybe later
Replies: 68
Views: 7810

Re: Vanguard expects "decent sized correction" soon, sometime, maybe later

Any article that refers to corrections is just noise, stay the course.
by book lover
Sun Oct 15, 2017 9:11 am
Forum: Investing - Theory, News & General
Topic: Wade Pfau’s new book: How Much Can I Spend in Retirement?
Replies: 51
Views: 13019

Re: Wade Pfau’s new book: How Much Can I Spend in Retirement?

Reading Mr Pfau's book, very detailed and informative and would highly recommend.
by book lover
Sat Oct 14, 2017 6:50 am
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 4608

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

If I remember correctly, there is about a one percent chance of being killed while driving each year making it one of the more dangerous things that we do in life. Anything that distracts from paying attention to the nuances of driving when you are making over twenty some decisions each mile that yo...
by book lover
Thu Oct 12, 2017 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Anesthesiologist Advise [how to save money]
Replies: 45
Views: 6237

Re: Anesthesiologist Advise [how to save money]

My wife and I have been using a ledger for the past twenty seven years to track our expenses, or if you prefer use a software program to to keep track of your expenses.The old saying is don't expect what you don't inspect. Being able to compare our expenses from month to month and year to year was a...
by book lover
Wed Oct 04, 2017 10:29 am
Forum: Investing - Theory, News & General
Topic: Peter L. Bernstein: Cash BETTER than Bonds
Replies: 64
Views: 8157

Re: Peter L. Bernstein: Cash BETTER than Bonds

We have the Total Bond Market for all IRAs and I like to keep a cash cushion to match the duration of those funds. When people speak of inflation, we calculate our expenses each year and I compare to previous year for inflation rate which has averaged 1.5 percent over the past twenty seven years. Am...
by book lover
Mon Oct 02, 2017 1:36 pm
Forum: Local Chapters and Bogleheads Community
Topic: Retirement Class of 1998 (Sheepdog's Experience)
Replies: 45
Views: 4893

Re: Retirement Class of 1998 (Sheepdog's Experience)

Great post, the picture of your dog always cracks me up. I second your sentiment regarding feeling grateful to the Bogleheads for all the wonderful advice over the years.
by book lover
Fri Sep 29, 2017 7:55 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 16492

Re: Why do you LBYM? Why do you save and invest?

J. Paul Getty at the time the richest man in the world had pay phones installed in his house because he was fed up with people using his phones. He was once at a party and asked the host how much it cost for the event and when the host did not know told the host that for each party he knew exactly w...
by book lover
Thu Sep 28, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: My Smartest Financial Moves
Replies: 62
Views: 6591

Re: My Smartest Financial Moves

Marrying my wife ( Numero Uno). Keeping a ledger for all expenses for the past twenty seven years. Following the great advice given by Bogleheads on this website including keeping investing expenses low and the use of indexed mutual funds and the importance of asset allocation as well as many other ...
by book lover
Wed Sep 27, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Where to invest cash to retire tomorrow?
Replies: 22
Views: 3036

Re: Where to invest cash to retire tomorrow?

If you have ten million to draw from, then $300,000 to $400,000 would be drawing down three to four percent per year. If you can keep it at $300,000 to $350,000 you should be in good shape.Guess it depends on how conservative you want to be between stocks and bonds and legacy issues. May want to loo...
by book lover
Sat Sep 23, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Can i max out a Roth at the start of the year?
Replies: 6
Views: 937

Re: Can i max out a Roth at the start of the year?

Absolutely, I make my contributions January 1. The sooner you make contributions the sooner you have compounding beginning to work for you.
by book lover
Sat Sep 23, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 27682

Re: Calling out the not so rich bogleheads

Being a citizen of the United States gives us a huge advantage to begin building wealth, however, wealth could be defined as having your needs satisfied and having enough to satisfy a reasonable number of wants. Accumulation beyond that does not seem like a path to happiness.
by book lover
Sat Sep 23, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 112
Views: 9527

Re: Age you retired

Retired from full time work at age 55 and have been doing a little PRN work which is winding down. Current age: 59.
by book lover
Fri Sep 22, 2017 8:01 am
Forum: Personal Consumer Issues
Topic: Tips/Steps for selling a car
Replies: 19
Views: 1540

Re: Tips/Steps for selling a car

You may want to consider meeting the person at your bank so you can deposit the money: for security and to assure you are not getting counterfeit.
by book lover
Thu Sep 21, 2017 8:27 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 26346

Re: I won the Lottery. Need sound advice.

Do not be in a hurry to do anything, give yourself time to read and use the Boglehead Wiki it is an excellent resource. Study what happens to many lottery winners: money is gone after a relatively short period of time leaving the winner with many regrets. True, a million dollars is not what it used ...
by book lover
Fri Sep 15, 2017 11:59 am
Forum: Investing - Theory, News & General
Topic: [WSJ] Your Tolerance for Investment Risk Is Probably Not What You Think
Replies: 49
Views: 6706

Re: [WSJ] Your Tolerance for Investment Risk Is Probably Not What You Think

When the crash came in 2008/2009, we were down 17%. When things began to normalize, my wife and I decided that our asset allocation to stocks needed to go lower which we did. In retrospect, had we stayed where we were at our net worth would be more but we certainly sleep better at night and are not ...
by book lover
Fri Sep 15, 2017 11:18 am
Forum: Personal Consumer Issues
Topic: 1st medical bill, already overdue and threaten to send to collection
Replies: 44
Views: 4344

Re: 1st medical bill, already overdue and threaten to send to collection

Seems to me that people should be informed and give consent prior to being billed if their insurance company will not be paying , sounds like common sense to me.
by book lover
Thu Sep 14, 2017 12:45 pm
Forum: Personal Consumer Issues
Topic: The true cost of Luxury
Replies: 32
Views: 4139

Re: The true cost of Luxury

From hunter gatherer to the iPhone X, quite the journey.