Search found 371 matches

by burt
Sun Feb 07, 2016 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should You Work Longer ?
Replies: 10
Views: 1471

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: 1471

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: 3137

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: 2252

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: 40
Views: 6257

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: 1324

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: 5381

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: 2081

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: 5381

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: 5381

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: 3746

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: 137
Views: 13801

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: 137
Views: 13801

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: 6996

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: 2691
Views: 534108

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: 9071

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...
by burt
Wed Jan 13, 2016 6:15 pm
Forum: Investing - Theory, News & General
Topic: How common is this [Have more money 10+ years into retirement]
Replies: 72
Views: 8826

Re: How common is this [Have more money 10+ years into retirement]

truenorth418 wrote:
GerryL wrote: (Best case scenario, I joked, meant I might need to become a Republican.)
.


I don't get the joke, but this is a great thread and I wish we could keep the politics out of it.


Got to admit, I feel rich.
Retirement income is 150% of US median.
I do this while sitting on the couch.

burt
by burt
Sun Jan 10, 2016 4:19 pm
Forum: Personal Consumer Issues
Topic: Funeral costs
Replies: 76
Views: 9071

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 costs...
by burt
Sat Jan 09, 2016 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Is a Bear market the ideal market to retire?
Replies: 70
Views: 5331

Re: Is a Bear market the ideal market to retire?

Regarding "Is a Bear market the ideal market to retire ?"

No it isn't.
Retired in 2015.
I am not immortal, and will adjust as needed.

burt
by burt
Thu Jan 07, 2016 6:28 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 2691
Views: 534108

Re: U.S. stocks in freefall

Recently re-watched Margin Call with Kevin Spacey.
A reenactment of the collapse of Lehman Brother in 2008-2009.
One of my favorite movies.

"Its just money; its made up. Pieces of paper with pictures on it so we don't have to kill each other just to get something to eat."

burt
by burt
Wed Jan 06, 2016 6:58 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2015!
Replies: 231
Views: 31081

Re: Roll Call for the Retirement Class of 2015!

Please sign me up for the class of 2015.
After 38 years, this truly feels like a graduation.
Official last day on payroll Dec. 31, 2015.

burt


https://www.bogleheads.org/forum/viewtopic.php?f=2&t=180866&p=2739724#p2739724
by burt
Mon Jan 04, 2016 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: [What will you do differently in] 2016
Replies: 62
Views: 6421

Re: [What will you do differently in] 2016

Nicolas wrote:I'm going to quit working, i.e. retire, after 46 years of doing what I mostly dislike doing.


Good for you.
I recently quit working after 38 years doing what I mostly did not like.
Sometimes stamina and a tolerance for pain is not a good thing.

burt
by burt
Sat Jan 02, 2016 8:13 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 753
Views: 111123

Re: What are you up YTD? [Year To Date]

30/70 Stock/Bond
-0.6 %: 1yr return as of 1-2-16

Took a hit on TIPS (VIPSX) at -1.83%.

burt
by burt
Fri Jan 01, 2016 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: First Day of Retirement
Replies: 32
Views: 3342

First Day of Retirement

Hello Bogleheads, Today is my first day of retirement. Yes, it’s a Holiday but I don’t get paid for it, so I guess it’s official. Feels pretty good. No big plans other than to move back to my home state to be closer to friends and relatives. I’ve been chasing work across the US for the past 15 years...
by burt
Thu Dec 31, 2015 7:59 pm
Forum: Investing - Theory, News & General
Topic: Is the collapse of oil price a "black swan"?
Replies: 133
Views: 15350

Re: Is the collapse of oil price a "black swan"?

Looking to the future..and not too distant future, oil has run it’s course.
The Millennial’s around the world are well on their way to offering alternate energy solutions.
Don’t fight it, embrace it.

Actionable item: stay the course with your small growth and small value indexes.

burt
by burt
Sun Dec 27, 2015 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Age in Bonds
Replies: 108
Views: 7864

Re: Age in Bonds

[/quote] For the people in the marginal cases (your 80 with 10-15 years of expenses left), these asset allocations matter a ton. This is also the group of people that need to be looking into SPIAs.[/quote] Single Premium Immediate Annuities (SPIA) aren't just for people in their 80's. They are also ...
by burt
Sat Dec 26, 2015 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Age in Bonds
Replies: 108
Views: 7864

Re: Age in Bonds

If I have a $1.5 million portfolio and between SS, pensions and annuities I only need $30K/year in income from my portfolio, why not be a 100% S&P 500 and 0% bonds relying on the dividends? It seems even if the value of the equities drop that the dividends are fairly stable? Besides you are at ...
by burt
Thu Dec 24, 2015 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Worn Out Blue Collar Shift Worker
Replies: 18
Views: 3878

Re: Worn Out Blue Collar Shift Worker

Ripley, I know your situation. You are 56 but I bet you look like 66. I have experienced it, and have observed it with friends and relatives. Abnormal work hours combined with heavy overtime, will cause excessive stress to you and your family. Manufacturing was tough work in the 70-80’s with Union p...
by burt
Wed Dec 23, 2015 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Age in Bonds
Replies: 108
Views: 7864

Re: Age in Bonds

Age 60. Retiring end of year.
My goal is to maintain my modest standard of living for 30 years.
(maintain my take home pay for 30 years.)

30% stocks/ 70% bonds

I think I've "won the game".
No need, ability, or desire to take more risk.

burt
by burt
Sat Dec 12, 2015 8:09 pm
Forum: Investing - Theory, News & General
Topic: Great Depression - 5 year Mortgage
Replies: 27
Views: 3880

Re: Great Depression - 5 year Mortgage

I'm reading "The Great Depression: A Diary". In an effort to prevent foreclosures, the Government stepped in the increase mortgages from 5 years to 10 years. Wondering why a 30 year mortgage is considered acceptable today ? Housing costs don't seem to correlate to income. burt I never kne...
by burt
Fri Dec 11, 2015 6:51 pm
Forum: Investing - Theory, News & General
Topic: Great Depression - 5 year Mortgage
Replies: 27
Views: 3880

Re: Great Depression - 5 year Mortgage

So, if you are a banker you have a problem. At any time people can come in and clear out their savings account which has been lent on long term mortgages. How do you solve this issue? 5 year balloon mortgages. Heck, lots of mortgages in those days had callable features so maybe even less. However, ...
by burt
Thu Dec 10, 2015 7:25 pm
Forum: Investing - Theory, News & General
Topic: Great Depression - 5 year Mortgage
Replies: 27
Views: 3880

Great Depression - 5 year Mortgage

I'm reading "The Great Depression: A Diary".
In an effort to prevent foreclosures, the Government stepped in the increase mortgages from 5 years to 10 years.

Wondering why a 30 year mortgage is considered acceptable today ?
Housing costs don't seem to correlate to income.

burt
by burt
Sun Dec 06, 2015 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security: What's the goal?
Replies: 47
Views: 3475

Re: Delaying Social Security: What's the goal?

Meaty wrote:I'm a long way from claiming, but I plan to take it as early as possible for the reason you mention - it's actuarily equivalent regardless of when I take it


I'm taking SS as soon as possible.
My job hurts me a lot, and I am not immortal.

burt
by burt
Sun Dec 06, 2015 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: A car nicer than the boss?
Replies: 169
Views: 11151

Re: A car nicer than the boss?

I never hated cars until I moved to Houston.
Can't imagine driving an expensive vehicle in this traffic.

burt
by burt
Fri Dec 04, 2015 7:31 am
Forum: Investing - Theory, News & General
Topic: Yahoo, a sad story and a good reason not to buy single stocks
Replies: 14
Views: 3813

Re: Yahoo, a sad story and a good reason not to buy single stocks

Today being the 10th anniversary of Enron declaring bankruptcy is another.... Actually, Enron declared bankruptcy on December 2, 2001 so it's actually been 14 years since their bankruptcy. https://en.wikipedia.org/wiki/Enron "Enron-The Smartest Guys in The Room" is available on Netflix. F...
by burt
Sat Nov 28, 2015 7:13 pm
Forum: Personal Consumer Issues
Topic: How do high earners get rid of their junk?
Replies: 59
Views: 8876

Re: How do high earners get rid of their junk?

Toons wrote:If I havent used it in a year or so I give it away. :happy



Oh Man, I'm trying to get there. Spouse is not quite on board.
In preparation for a move, I'm looking at boxes not opened from the last move (8 years ago).

burt
by burt
Sat Nov 28, 2015 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Housing one more time
Replies: 28
Views: 2775

Re: Housing one more time

How stable is your job ?
When stuff hits the fan, a house can be a very heavy anchor.

burt
by burt
Fri Nov 27, 2015 7:56 pm
Forum: Investing - Theory, News & General
Topic: "Why You Shouldn't Substitute Stocks for Bonds"
Replies: 16
Views: 2104

Re: "Why You Shouldn't Substitute Stocks for Bonds"

Need, ability, and willingness to take risk.
I have “just enough” to retire this year. No heirs needing help.

Need: none
Ability: very little
Willingness: very little.

30/70 : stock/bond

burt
by burt
Fri Nov 27, 2015 7:24 pm
Forum: Investing - Theory, News & General
Topic: Why do FDIC insured CDs yield more than treasuries?
Replies: 36
Views: 4333

Re: Why do FDIC insured CDs yield more than treasuries?

...2. Yes - read the "fine print" on direct issue CDs. While most banks and credit unions allow early withdrawal (for a penalty), not all do and there is no requirement to do so,,, And--this always seems to me like a Catch-22-- sometimes the terms and conditions give them the right to cha...
by burt
Thu Nov 26, 2015 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Comparative negligence (car accident)
Replies: 35
Views: 3462

Re: Comparitive negligence (car accident)

Passing in a narrow lane is an absolute no no ! Right turn signal or not. Why was the other driver in such hurry? We have 3 car lanes in our neighborhood and I never pass other cars - there are kids playing everywhere ! I agree. I live on a residential street, 2 lanes, 25mph. Lot's of people walkin...
by burt
Sat Nov 21, 2015 10:56 am
Forum: Personal Consumer Issues
Topic: Finding a low cut work shoe with a thick sole
Replies: 12
Views: 1417

Re: Finding a low cut work shoe with a thick sole

MoneyIsntEverything wrote:Not sure if you mean work shoes for working outdoors, getting dirty, etc., or "office work" shoes that need to look nicer than tennis shoes. If the former, Redwing. If the latter, try Rockports or Clarks. I've heard Ecco shoes are popular, too.


I second Ecco. The only shoe I wear.

burt
by burt
Sat Nov 21, 2015 10:16 am
Forum: Personal Finance (Not Investing)
Topic: What was your eureka! Boglehead moment?
Replies: 86
Views: 7017

Re: What was your eureka! Boglehead moment?

Late 90's before the Dot.com crash, a coworker sent me a link to Scott Burns website and the Couch Potato portfolio. At that time I watched others trade tech mutual funds on a weekly basis by looking at fund performance in the newspaper. I was told "buy the winners, sell the losers". Lucki...
by burt
Sat Nov 14, 2015 6:49 pm
Forum: Personal Consumer Issues
Topic: First smartphone recommendations
Replies: 28
Views: 3042

Re: First smartphone recommendations

I'm older and not tech savvy.
Last year, got a Motorola G ($100) with Consumer Cellular and am pretty happy with it.

burt
by burt
Sat Nov 14, 2015 5:08 pm
Forum: Personal Consumer Issues
Topic: Watch under $100
Replies: 46
Views: 3832

Re: Watch under $100

Nothing wrong with wearing an analog watch, I do too (while working in IT). I have a Citizen Calibre 8700, it runs an Eco Drive and is Solar powered so no battery changing. And it has a perpetual calendar, so it knows the month and thus the day of the month stays correct every month. Only caveat, i...
by burt
Sun Nov 08, 2015 7:02 pm
Forum: Investing - Theory, News & General
Topic: IBT interview with Dr. Bill Bernstein
Replies: 80
Views: 6866

Re: IBT interview with Dr. Bill Bernstein

Of all the boomers I know the one's whose retirements are "toast" have the problems they have not because they did not pay attention to investing but because they are mentally ill, drug and alcohol addicts, abandoned in grisly divorces (mother abandoned while pregnant with three other chi...
by burt
Sat Nov 07, 2015 7:26 pm
Forum: Investing - Theory, News & General
Topic: IBT interview with Dr. Bill Bernstein
Replies: 80
Views: 6866

Re: IBT interview with Dr. Bill Bernstein

Here's how I'd synthesize the data from RCC, EBRI, etc. etc: About a third, more or less, of retirees will have a satisfactory, or more than satisfactory, retirement. The rest wil be divided between those who will have to "make do" and those who will be truly desperate. A not insignifican...
by burt
Sun Oct 25, 2015 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Is there an ideal age to retire?
Replies: 137
Views: 11369

Re: Is there an ideal age to retire?

Regarding "Is there an ideal age to retire"?"

Yes, leave at the "Top of Your Game".
(It's earlier than you think)

burt
by burt
Sun Oct 25, 2015 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Uncertainty as Federal Employee
Replies: 54
Views: 4440

Re: Uncertainty as Federal Employee

Age 60 working for Mega Corp’s 39 years. Engineer. Canned, layed off, downsized, 3 times. Moved out of State 2 times. Nothing like coming home in the middle of the afternoon and telling your spouse that you have been canned. The look of fear, then tears. That is a memory that will stay with you fore...
by burt
Sat Oct 17, 2015 6:47 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle's AA now at 50/50
Replies: 45
Views: 6012

Re: Jack Bogle's AA now at 50/50

If I had $1 Million at age 60 I would be 30/70. (stock/bond)
If I had $1 Billion at age 60 I would be 90/10. (Sell the 500 ft. yacht if I had to.)

burt
by burt
Sat Oct 17, 2015 6:08 pm
Forum: Investing - Theory, News & General
Topic: hedge funds dropping like flies
Replies: 59
Views: 6483

Re: hedge funds dropping like flies

When it comes to hedge funds I think of the "Vig". "Vigorish, or simply the vig, also known as juice, the cut or the take, is the amount charged by a bookmaker, or bookie, for taking a bet from a gambler. In the United States, it also means the interest on a shark's loan. The term ori...

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