Search found 405 matches

by burt
Tue May 24, 2016 8:31 am
Forum: Investing - Theory, News & General
Topic: Why do we believe in the market?
Replies: 59
Views: 5112

Re: Why do we believe in the market?

In this thread I've read that businesses have to grow. Why ? Example: Suppose I have a small business that provides $50,000 income per year (adjusted for inflation). I'm happy with that, and will only invest enough into the business to produce $50,000/year for 40 years. At the end, I sell the busine...
by burt
Tue May 24, 2016 8:01 am
Forum: Investing - Theory, News & General
Topic: Rebalancing in Retirement.
Replies: 35
Views: 3105

Re: Rebalancing in Retirement.

Antiqueman, If you adopt a fairly conservative asset allocation in retirement, between 50% and 75% in bonds, and take your withdrawals once a year, you won't need to rebalance much. At the time of withdrawal, you simply have to calculate the target amounts of stocks and bonds, and take your withdra...
by burt
Sun May 22, 2016 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Plans - One Year to Go
Replies: 25
Views: 2626

Re: Retirement Plans - One Year to Go

Tell your brother he should be farting through silk... He won. Good one and I agree. :sharebeer It's time to celebrate! Enjoy! Ages 64 and 64. SS and Pension = $90,000 /yr Savings: $2,000,000 Expenses: $40,000/yr Please go back in time and retire 5 years ago. burt edit: hope to add something more c...
by burt
Sat May 21, 2016 6:36 pm
Forum: Investing - Theory, News & General
Topic: Is there a such thing as a blue collar Boglehead?
Replies: 149
Views: 11777

Re: Is there a such thing as a blue collar Boglehead?

So many here are doing well. High net worth with problems related to how to diversify and manage all of that. Many people thinking of working until 70. Are there any blue collar workers in BH land? People whose jobs are probably not much fun when you reach your sixties. When the physical demands ar...
by burt
Sat May 21, 2016 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Rebuilding our house for $1.5M: Bad Idea Financially?
Replies: 91
Views: 7990

Re: Rebuilding our house for $1.5M: Bad Idea Financially?

Add onto the present house to accomidate the kids. Visiters can use this new, trendy thing called a hotel. If they want to go total hipster, they could do air bnb. Why do you feel you have to build a hotel for visiters? Extra rooms for visitors ? In your situation, I would pay to accommodate visito...
by burt
Fri May 20, 2016 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Rebuilding our house for $1.5M: Bad Idea Financially?
Replies: 91
Views: 7990

Re: Rebuilding our house for $1.5M: Bad Idea Financially?

$1.5M for home addition/renovation ?
You just blew my mind.
I am not even close to being qualified to giving you advice.

However as an actionable item:
Maybe consider a California Monastery Retreat to clear your mind.

burt
by burt
Sun May 15, 2016 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Won the game - time to quit playing?
Replies: 46
Views: 7637

Re: Won the game - time to quit playing?

You likely have a self-defeating mindset if you're viewing these issues as a game that must be won or lost. I agree about the terminology, but for anything in life, if you are trying to reach a goal and you do, should you not stop and be done? Especially if continuing may jeopardize the accomplishm...
by burt
Sat May 14, 2016 6:37 pm
Forum: Investing - Theory, News & General
Topic: Jim Cramer doesn’t beat the market
Replies: 61
Views: 6354

Re: Jim Cramer doesn’t beat the market

Toons wrote:Cramer is entertaining. :happy


I agree, he is entertaining. From reading/watching interviews I think he is a pretty decent guy.
Watch him for entertainment, not investing advice.

burt
by burt
Sat May 14, 2016 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Safe? In Trouble? - 401K Retirement
Replies: 13
Views: 1607

Re: Safe? In Trouble? - 401K Retirement

Think "Income Leveling".
Run retirement calculations with the intent of maintaining your current (working) standard of living in retirement.
Your current standard of living is reduced because you are saving a fair amount for retirement.

burt
by burt
Fri May 13, 2016 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: What was your hardest retirement transition?
Replies: 61
Views: 8865

Re: What was your hardest retirement transition?

In my 5th month of retirement. More of an adjustment for my wife than me.
Retirement is pretty easy if you didn't like your job(s) for the past 15 years.
Sunday afternoons are no longer filled with dread.

burt
by burt
Fri May 13, 2016 9:10 am
Forum: Personal Finance (Not Investing)
Topic: How much pay cut would you tolerate moving from private industry to federal government
Replies: 23
Views: 1644

Re: How much pay cut would you tolerate moving from private industry to federal government

Having retired from private industry after 40 years......... I would take a 25% cut if it meant some job stability, no OT (or at least compensated OT), and normal hours. On call 24/7 is painful. A pension is a big deal.

burt
by burt
Thu May 12, 2016 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Downsize to One Auto in Retirement ?
Replies: 43
Views: 3229

Re: Downsize to One Auto in Retirement ?

We have had one car here in San Diego county for the last 6 months. So far it's not too much of a problem. I did have to rent a car for a day when the car was in the shop for body work - didn't want to wait around all day. I suppose that's a lot cheaper than depreciation and insurance on a second c...
by burt
Thu May 12, 2016 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Downsize to One Auto in Retirement ?
Replies: 43
Views: 3229

Downsize to One Auto in Retirement ?

Wondering if there are any couples who have downsized to one auto in retirement ?
Is one auto working out OK for both of you ?

burt
by burt
Sat May 07, 2016 9:01 am
Forum: Personal Consumer Issues
Topic: how much cash do you carry in your wallet?
Replies: 152
Views: 13850

Re: how much cash do you carry in your wallet?

saltycaper wrote:About $100. Any more invites murder, as well as robbery. (Actually saw that in an old bank advertisement.)


30 years ago when visiting a large US city, I was told to carry $100-$200 cash so robbers wouldn't get mad and do something (more) violent.

burt
by burt
Sun Apr 24, 2016 6:06 pm
Forum: Personal Consumer Issues
Topic: Fixing up your home - or just selling it?
Replies: 17
Views: 1589

Re: Fixing up your home - or just selling it?

Sorry for your dilemma. I've been there. In my neighborhood with homes going for $500-700K, buyers expect move in ready. Can't blame the buyers, one or both are working really long hours to make the payments. I've seen some major renovations lasting 8-12 weeks before the sign is planted in the front...
by burt
Sun Apr 24, 2016 4:05 pm
Forum: Personal Consumer Issues
Topic: Took the Plunge, Bought an Accord Hybrid
Replies: 54
Views: 8668

Re: Took the Plunge, Bought an Accord Hybrid

Congrat's to the Bogleheads interested in high fuel economy vehicles.
Seems like I read that 60% of US oil consumption is used in vehicles.
If 60% could be halved, what an huge positive impact that would have on the worlds civilian population.

burt
by burt
Sat Apr 23, 2016 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Relocating to a tax free state with good weather need advice
Replies: 97
Views: 8493

Re: Relocating to a tax free state with good weather need advice

Mid-Michigan.

No crime, no traffic, low housing costs, no snakes, no brain eating amoeba's, no hurricanes.
Taxes are average for the US.

In the winter, put on a sweater and light a fire. Snuggle with your partner under heavy blankets.

burt
by burt
Fri Apr 22, 2016 7:16 pm
Forum: Personal Consumer Issues
Topic: How To Stay Motivated in Employment When You Might Have Enough?
Replies: 71
Views: 8742

Re: How To Stay Motivated in Employment When You Might Have Enough?

He says he will stay till 'something happens' ie it becomes unpleasant enough that the substantial salary he makes doesn't outweigh the negatives of going to work every day Why wait until it's unpleasant? Why not go out on top? When my time came, I looked at people like Bobby Richardson, the Yankee...
by burt
Thu Apr 21, 2016 7:01 pm
Forum: Personal Consumer Issues
Topic: How To Stay Motivated in Employment When You Might Have Enough?
Replies: 71
Views: 8742

Re: How To Stay Motivated in Employment When You Might Have Enough?

For me, the social aspect of work is overrated. Also, I worked to live (acquire financial security) - not live to work. This, forever. Please...retire, and make room for those of us who are nowhere near vested long enough to have a choice. (hope not a repeat) I told my young protegee's that it was ...
by burt
Thu Apr 21, 2016 9:42 am
Forum: Personal Consumer Issues
Topic: How To Stay Motivated in Employment When You Might Have Enough?
Replies: 71
Views: 8742

Re: How To Stay Motivated in Employment When You Might Have Enough?

I retired at 62 so that's quite a bit older than you. I had enough several years prior. I kept going for a few more years just to make sure I had enough. I have no regrets and never suffer recriminations for not doing something "productive" in retirement. I was "productive" sinc...
by burt
Thu Apr 21, 2016 9:28 am
Forum: Personal Consumer Issues
Topic: How To Stay Motivated in Employment When You Might Have Enough?
Replies: 71
Views: 8742

Re: How To Stay Motivated in Employment When You Might Have Enough?

I recall reading that psychologists tell us it's healthy to go to work because humans need social connections and we have those in the workplace. So my takeaway is that it's totally fine to retire when you have enough but you need something to do with your time- could be a second job, could be a ho...
by burt
Tue Mar 01, 2016 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's Vanguard Annuity expired - Big Taxes
Replies: 24
Views: 3046

Re: Mom's Vanguard Annuity expired - Big Taxes

Miscommunication here. The contract's "Annuity Date", defined within as "the date annuity payments begin", was seemingly interpreted as an expiration date or at least some date where something was supposed to happen. Actually, the Vanguard rep could have been asked to extend the...
by burt
Mon Feb 29, 2016 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's Vanguard Annuity expired - Big Taxes
Replies: 24
Views: 3046

Re: Mom's Vanguard Annuity expired - Big Taxes

There wasn't any further explanation that the "new annuity" contract would be annuitized due to age? Anyway, it's too late now. I assume the 1099R is coded with the new D code in Box 7. Under this code, the gains on the annuity may be subject to the net investment income tax rate of 3.8% ...
by burt
Mon Feb 29, 2016 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's Vanguard Annuity expired - Big Taxes
Replies: 24
Views: 3046

Re: Mom's Vanguard Annuity expired - Big Taxes

I've had a Vanguard Variable Annuity for many years and I've never heard of it "expiring". Did your mom reached the age at which she had to annuitize or choose another option and she chose to cash it in? In my annuity that age is 92. Could that be what you mean? If so perhaps you might be...
by burt
Mon Feb 29, 2016 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's Vanguard Annuity expired - Big Taxes
Replies: 24
Views: 3046

Mom's Vanguard Annuity expired - Big Taxes

Hello Bogleheads, Requesting advice. Mom's Vanguard Variable Annuity contract expired last year. At the time it seemed like I only had two options. 1) Move to another annuity contract or 2) Surrender contract and transfer to taxable account. I choose option #2 "surrender and transfer to taxable...
by burt
Sat Feb 27, 2016 8:04 pm
Forum: Investing - Theory, News & General
Topic: Where does the money go when stocks and bonds are in the red ?
Replies: 34
Views: 4447

Re: Where does the money go when stocks and bonds are in the red ?

[/quote] It is created. Then it is destroyed. Seriously. This idea that it isn't there if it isn't realized is silly. It's there. Then it goes away. It doesn't go anywhere. It disappears. If you really want to get technical/philosophical, it is created by the exchange of peoples' life energy- i.e. a...
by burt
Fri Feb 26, 2016 5:34 pm
Forum: Investing - Theory, News & General
Topic: Where does the money go when stocks and bonds are in the red ?
Replies: 34
Views: 4447

Re: Where does the money go when stocks and bonds are in the red ?

Thank-you all for your replies. Some excerpts: "-When you see the price of a share of stock or a bond, what you see is the amount it could be sold for." -"Now You See It, Now You don't, It was imaginary." -"The only thing really changing are peoples "instantaneous"...
by burt
Thu Feb 25, 2016 7:13 pm
Forum: Investing - Theory, News & General
Topic: Where does the money go when stocks and bonds are in the red ?
Replies: 34
Views: 4447

Where does the money go when stocks and bonds are in the red ?

When looking at my portfolio returns today I noticed everything is green (positive). Large blend, large value, small blend, small value, TIPS, Total Bond, short term bond... all positive. Question: When everything is green (positive).... Where did all the money come from ?? OR When everything is red...
by burt
Wed Feb 24, 2016 8:47 pm
Forum: Personal Consumer Issues
Topic: Anyone ever buy Hilton's Timeshares (HGVC)?
Replies: 39
Views: 4873

Re: Anyone ever buy Hilton's Timeshares (HGVC)?

After reading this thread, I'm wondering....

Timeshares are legal; right ? :D

burt
by burt
Wed Feb 24, 2016 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: How is the Class of 2015 retirement folks doing?
Replies: 18
Views: 2809

Re: How is the Class of 2015 retirement folks doing?

Doing OK.
2/3 of retirement income comes from pension and S.S. in a few years.
1/3 of retirement income is from savings at 30/70, Stock/Bond.
I’m pretty comfortable with that.

The transition to retirement is easier if you leave a job you did not like.

burt
by burt
Sun Feb 21, 2016 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Which one is better? Pension vs. 401k?
Replies: 14
Views: 1839

Re: Which one is better? Pension vs. 401k?

31 years old, planning to retire 65. More consideration: #1 120h vacation+ 48h sick time paid out if unused, OT after 10 hours worked, 3 additional PDO #2 120h vacation+ 40h sick time never gets paid out , OT after 8 hours worked, no additional days off I was never big on OT even when paid. Definit...
by burt
Fri Feb 19, 2016 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Running out of money in retirement
Replies: 49
Views: 9856

Re: Running out of money in retirement

^ Ken, This is an important point that many don't understand until they're in the thick of it. Medicaid will not pay for independent living, but more importantly, it will not pay for assisted living. It is only after someone qualifies for full nursing care (meaning, a nursing home) that Medicaid be...
by burt
Sun Feb 14, 2016 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: What is your decline in Net Worth as of today?
Replies: 96
Views: 10631

Re: What is your decline in Net Worth as of today?

Recently retired and down -1.8% this year. Conservative 30/70 stock/bond portfolio. (down -3% including December 2015) Reminds me of the Zvi Bodie video's on YouTube. "Every morning, look at yourself in the mirror and say: Do Not Lose Money Today". He advocated TIPS. If the low return of T...
by burt
Sat Feb 13, 2016 7:23 pm
Forum: Investing - Theory, News & General
Topic: S&P500 has basically gone nowhere for 15 years
Replies: 59
Views: 6905

Re: S&P500 has basically gone nowhere for 15 years

Regarding: "It's showing that, including dividends, 2000 through 2015 inclusive: --1.83% real (annualized) when corrected for inflation, --4.02% uncorrected for inflation, --over the whole period $1.00 grew to $1.88 " Seems like I remember Mr. Bogle mentioning in one of his books, to be ve...
by burt
Sun Feb 07, 2016 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should You Work Longer ?
Replies: 10
Views: 1604

Re: Should Your Work Longer ?

Toons wrote:We decided it was more about "time" than money.


I swear, some people think they are immortal.

burt
by burt
Sat Feb 06, 2016 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Should You Work Longer ?
Replies: 10
Views: 1604

Should You Work Longer ?

Interesting article by Scott Burns. “Should You Work Longer”. https://assetbuilder.com/knowledge-center/articles/should-you-work-longer “Together, they worked an additional 4,000 hours to enjoy a benefit of $5,760. So their benefit comes to $1.44 an hour, before income taxes. In the 15 percent tax b...
by burt
Fri Feb 05, 2016 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Uber driving for extra income in retirement.
Replies: 31
Views: 3393

Re: Uber driving for extra income in retirement.

Tried Uber as a rider for the first time yesterday.
Pretty darn convenient and reassuring if you are stranded.
I have no problem using Uber again.

burt
by burt
Sun Jan 31, 2016 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Banks or credit unions
Replies: 37
Views: 2661

Re: Banks or credit unions

I've used Credit Unions for 30 years.
The 2008-2009 crash has only reinforced my utmost hatred of banks.

burt
by burt
Sun Jan 31, 2016 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: I got let go yesterday
Replies: 45
Views: 9706

Re: I got let go yesterday

40 year career in engineering. Retired December 2015. I have been in your situation 3 times in 40 years. (yes, it sucks) I felt pretty special when they needed me. Not so much when they didn't. This is no reflection on you. From reading your post... you won't have any problems getting back in the ga...
by burt
Sat Jan 30, 2016 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for Dad.....
Replies: 10
Views: 1411

Re: Plan for Dad.....

Broken Man 1999 wrote:Personally I wouldn't be inclined to retire at such young ages as your parents given their level of retirement assets, unless health issues compelled.
Broken Man 1999


Age 63 and 60. That ain't young.
We are not immortal.
Reduce expenses.

(The boomers are reaping what they sowed.)

burt
by burt
Thu Jan 28, 2016 7:06 pm
Forum: Investing - Theory, News & General
Topic: What was the 2000 crash like in real time?
Replies: 65
Views: 5839

Re: What was the 2000 crash like in real time?

Thanks to everyone for sharing their experiences, it's been fascinating to read for me. Especially like hearing from the tech folks on their specific issues. DW and I are both mechanical engineers in oil&gas (about 5 years out of college) and the last year has been the stressful grind that a lo...
by burt
Tue Jan 26, 2016 7:05 pm
Forum: Investing - Theory, News & General
Topic: Baby Boomers
Replies: 22
Views: 2246

Re: Baby Boomers

William Bernstein's article may provide some insight. "If you want to retire early, what matters is not how much you save, but how much more than everyone else you save. In a world where everyone saves as if they’re going to retire at fifty-five, or even at sixty-five, none can." http://ww...
by burt
Sat Jan 23, 2016 8:34 pm
Forum: Investing - Theory, News & General
Topic: What was the 2000 crash like in real time?
Replies: 65
Views: 5839

Re: What was the 2000 crash like in real time?

I didn't have enough invested in stocks at the time for it to really hit me. I remember the build up more than the crash. Throughout most the of the 1990's the stock market didn't "feel" right to me. Lucky for me, most of my money was going towards some real estate at the time. I do remem...
by burt
Sat Jan 23, 2016 7:53 pm
Forum: Investing - Theory, News & General
Topic: What was the 2000 crash like in real time?
Replies: 65
Views: 5839

Re: What was the 2000 crash like in real time?

In regards to investments, not bad. Didn't really phase me. (age 45 at that time) 75% S&P, 25% bonds. Then 9/11 in 2001. Company freaked. Projects shutdown. Called to the conference room for separation. 15 minutes later, found myself standing in the parking lot wondering what just happened. Thos...
by burt
Sat Jan 23, 2016 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: How bad off are we?
Replies: 24
Views: 3917

Re: How bad off are we?

When do you plan to retire ?

burt
by burt
Fri Jan 22, 2016 8:49 pm
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 153
Views: 17602

Re: The Big Short

Recently saw “The Big Short”. Really enjoyed it and will watch it again to pick up nuances I missed. A memorable scene: Fund manager when conversing with S&P Credit Rating Agency representative, learned that high ratings were rubber stamped so banks (customers) wouldn’t go to competitors. The f...
by burt
Fri Jan 22, 2016 7:15 pm
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 153
Views: 17602

Re: The Big Short

Recently saw “The Big Short”. Really enjoyed it and will watch it again to pick up nuances I missed. A memorable scene: Fund manager when conversing with S&P Credit Rating Agency representative, learned that high ratings were rubber stamped so banks (customers) wouldn’t go to competitors. The fu...
by burt
Wed Jan 20, 2016 8:15 pm
Forum: Investing - Theory, News & General
Topic: Capitulation!
Replies: 61
Views: 7419

Re: Capitulation!

I am retired as of December 2015.
I will re-balance end of year.
If that means buying more stocks...so be it.

burt
by burt
Sat Jan 16, 2016 5:09 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 2901
Views: 623402

Re: U.S. stocks in freefall

TheTimeLord wrote:Personally any time 5 digits disappears from my account without a new car appearing in my driveway I am a little grumpy and I do take notice.


Very good. That's funny !

burt
by burt
Thu Jan 14, 2016 7:27 pm
Forum: Personal Consumer Issues
Topic: Funeral costs
Replies: 76
Views: 9821

Re: Funeral costs

Regarding funeral costs: Relative is in a nursing home with limited funds. Planning to pre-pay funeral costs, which are not included in Medicaid look back. Small town in Mid-West. Funeral Home has been serving the family for 40 years. I would be interested in your comments. Overpriced ? Normal cost...

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