Search found 350 matches

by gips
Sat May 26, 2018 11:59 am
Forum: Investing - Theory, News & General
Topic: Simba's backtesting spreadsheet [a Bogleheads community project]
Replies: 1112
Views: 610875

Re: Simba's backtesting spreadsheet [a Bogleheads community project]

thank you for the information and, again, thank you for the great work.
by gips
Fri May 25, 2018 11:39 am
Forum: Investing - Theory, News & General
Topic: Simba's backtesting spreadsheet [a Bogleheads community project]
Replies: 1112
Views: 610875

Re: Simba's backtesting spreadsheet [a Bogleheads community project]

thank you for this fine work! I was reading a thread about merriman that included this link to published returns of his portfolio: https://paulmerriman.com/wp-content/uploads/2018/02/UBH-FTYAA-Tables-50-50-0-2017-Returns-Update.pdf when I change the starting year to 1970 in the lazy portfolio tab, h...
by gips
Sun May 20, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Career planning in IT/software development when over 40
Replies: 100
Views: 7960

Re: Career planning in IT/software development when over 40

Since you have good interpersonal, pm and tech skills, why not become a team lead? The role combines all three skill sets. Personally, I found my career accelerated when I started learning about business (in my case, wall st). Combining top-tier tech and business skills with strong written and verb...
by gips
Sun May 20, 2018 8:48 am
Forum: Investing - Help with Personal Investments
Topic: spend down 529? continue to contribute?
Replies: 2
Views: 368

spend down 529? continue to contribute?

- my d is sophomore in the fall, her 529 balance is $85k, her cost to graduate will be $165k - my s is senior in the fall, his 529 balance is $35k, his cost to graduate is $65K - the balance of funds will come from taxable accounts should we: - transfer funds from s to d to allow it to grow tax-free...
by gips
Sat May 19, 2018 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Career planning in IT/software development when over 40
Replies: 100
Views: 7960

Re: Career planning in IT/software development when over 40

Since you have good interpersonal, pm and tech skills, why not become a team lead? The role combines all three skill sets. Personally, I found my career accelerated when I started learning about business (in my case, wall st). Combining top-tier tech and business skills with strong written and verba...
by gips
Sat May 19, 2018 10:01 am
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 76
Views: 3298

Re: Road trip Newark NJ to Albany

just had another thought, you might want to do an overnight at lake placid. great hiking from the Adirondack lodge, nice hotels, restaurants, walk around town, tour the Olympic center and ice rink where "the miracle" occurred.
by gips
Fri May 18, 2018 10:38 am
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 610
Views: 69515

Re: Netflix, Your Current Favorite Show

we enjoyed collateral on netflix, they don't spoon feed you plot points. I watched friday night lights on hulu, thought it wonderful.
by gips
Fri May 18, 2018 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Would you send your children to private school in my situation?
Replies: 93
Views: 6010

Re: Would you send your children to private school in my situation?

I was making $1m/year and wasn't as fast to dismiss financial impact as most of the posters here. Some questions for the op to consider: - where are you vs. the goal of financial independence? - when do you want to retire? - how many kids do you have/plan to have? - what is the likelihood of your in...
by gips
Fri May 18, 2018 7:07 am
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 76
Views: 3298

Re: Road trip Newark NJ to Albany

hudson ny is worth visiting if you like antiques. Depending on timing, suggest you visit saratoga race track (the flat track, not the harness track).
by gips
Thu May 17, 2018 6:05 pm
Forum: Personal Consumer Issues
Topic: sharing cars with two kids home from college?
Replies: 25
Views: 1479

Re: sharing cars with two kids home from college?

thanks for all the replies! my wife and i are retired so don't need a car for work but, as noted, are active, and out and about during the day. as tempting as "let them figure it out" seems, I'm not sure that's really going to work. They both need to be at work five days per week, on different sched...
by gips
Tue May 15, 2018 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: close bank/credit union accounts after cd matures?
Replies: 1
Views: 392

close bank/credit union accounts after cd matures?

I've been chasing CD rates for the last couple of years resulting in accounts at many banks and credit unions. I'm concerned about identity theft where someone accesses my account and obtains a loan/credit. I could close the accounts but it is convenient to have an open account in case the instituti...
by gips
Tue May 15, 2018 2:20 pm
Forum: Personal Consumer Issues
Topic: sharing cars with two kids home from college?
Replies: 25
Views: 1479

sharing cars with two kids home from college?

When my youngest went off to college last fall, it seemed to make sense to sell our repair-prone, old minivan as opposed to letting it sit/depreciate in our driveway. The kids will be home from college in a week, they're both working locally and will need a car to get to/from work and around town. M...
by gips
Tue May 15, 2018 8:54 am
Forum: Personal Consumer Issues
Topic: Hawaii vacation suggestions
Replies: 38
Views: 4092

Re: Hawaii vacation suggestions

Side Notes: I would definitely get the book “Maui Revealed: The Ultimate Guidebook”. It is written by people who live on the island and tell you about places that you may not normally hear about, (Giant blow hole or Slaughterhouse beach) and travel tips on the island. They may have an App for the b...
by gips
Mon May 14, 2018 8:48 am
Forum: Personal Consumer Issues
Topic: How to think about schools/homes (Greatschools/Niche)
Replies: 70
Views: 4502

Re: How to think about schools/homes (Greatschools/Niche)

And don’t worry about the “they want to stay with their friends” argument. I was sent to an all boys high school against my will where I knew no one. I look back upon high school more fondly than I do college...and boy did I love college. In fact my closest friends today are the guys I went to high...
by gips
Mon May 14, 2018 8:06 am
Forum: Personal Consumer Issues
Topic: How to think about schools/homes (Greatschools/Niche)
Replies: 70
Views: 4502

Re: How to think about schools/homes (Greatschools/Niche)

Such a home would be larger and less than $100k more, but will add $6-800 to our house payment -i.e. from $1200 to $2000 max. tax deductible, right? so after tax impact is probably closer to $500-$600? what about property taxes? We can comfortably afford the home, although we would miss the extra d...
by gips
Tue May 01, 2018 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter starting college and I am retiring
Replies: 45
Views: 4494

Re: Daughter starting college and I am retiring

We are in VA and while our daughter still is a couple of years from college, one strategy that may work is to buy a cheap apartment in any part of Virginia. A few folks in NoVA use that as a strategy especially to get admission into competitive VA schools so that they can be in a lower percentile d...
by gips
Tue May 01, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter starting college and I am retiring
Replies: 45
Views: 4494

Re: Daughter starting college and I am retiring

Thank you all for the information. I understand that I will have to live, maintain residency and pay taxes in Virginia for the full duration of her going to college in Virginia. The thing that I was considering was - would it be cost effective for me to move to Florida next summer and have her pay ...
by gips
Tue May 01, 2018 2:28 pm
Forum: Personal Consumer Issues
Topic: Bicycle Questions
Replies: 44
Views: 2370

Re: Bicycle Questions

personally, I think this is a great opportunity for you to step back and let your daughter drive the process. we told each of them that we'd pay for a bike at college but they needed to let us know if they wanted one. My oldest decided he wanted one to start his junior year, we gave him a budget, le...
by gips
Tue May 01, 2018 2:19 pm
Forum: Investing - Theory, News & General
Topic: Yield Curves-Treasury, CD, AA/AAA muni
Replies: 91
Views: 8657

Re: Yield Curves-Treasury, CD, AA/AAA muni

why not purchase muni etfs?
by gips
Mon Apr 30, 2018 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: How do you know when you have "won the game"?
Replies: 142
Views: 15278

Re: How do you know when you have "won the game"?

I often see here they say that you should stop playing when you have won the game. How do you know when you have won the game? everyone is going to have a different definition. I subtracted our primary home and college expenses ($750k for 3 kids) from our net worth and figured at 50x projected expe...
by gips
Fri Apr 27, 2018 6:52 pm
Forum: Investing - Theory, News & General
Topic: Yield Curves-Treasury, CD, AA/AAA muni
Replies: 91
Views: 8657

Re: Yield Curves-Treasury, CD, AA/AAA muni

One guideline suggested by Larry Swedroe is to only extend maturity if you earn at least an additional 20 basis points (bps) of yield per extra year of maturity. Kevin, thank you for the good analysis. I've started thinking about larry's 20bps rule. Do you think Larry's rule makes sense in every ma...
by gips
Fri Apr 27, 2018 6:52 pm
Forum: Investing - Theory, News & General
Topic: Yield Curves-Treasury, CD, AA/AAA muni
Replies: 91
Views: 8657

Re: Yield Curves-Treasury, CD, AA/AAA muni

One guideline suggested by Larry Swedroe is to only extend maturity if you earn at least an additional 20 basis points (bps) of yield per extra year of maturity. Kevin, thank you for the good analysis. I've started thinking about larry's 20bps rule. Do you think Larry's rule makes sense in every ma...
by gips
Tue Apr 24, 2018 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 98
Views: 10136

Re: Salary Negotiation gone sour

I've hired lots of people. I don't think you lost the job because of the way you negotiated, they'd probably have gone with the internal candidate in any case (you didn't have a written offer) but $3k on $97k total comp is too little to risk another round of negotiation, especially if they are subst...
by gips
Sun Apr 22, 2018 5:01 pm
Forum: Investing - Theory, News & General
Topic: when to rebalance?
Replies: 12
Views: 1071

Re: when to rebalance?

thanks for all the thoughtful replies. I should have added in my op that I'm retired. in any case, I have to think more about it, but I like the idea of 2-3 percent.

best,
by gips
Sat Apr 21, 2018 8:04 pm
Forum: Investing - Theory, News & General
Topic: when to rebalance?
Replies: 12
Views: 1071

when to rebalance?

I'm having a hard time figuring out reasonable bands for rebalancing. for example, my target asset allocation is 40-60 equities to fixed income. I'm currently sitting at 45-55. My pre-tax space is completely full of fixed income, so rebalancing would incur a large long-term cap gain bill. And were I...
by gips
Sat Apr 14, 2018 12:43 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 206
Views: 28147

Re: 2-year CDs at Vanguard and Fidelity Today

yesterday purchased 2-year MS cds on vanguard, 2.65%. We do have 5 year+ cds which yield 3% and 4% but I don't see us going out more than 2 years btw now and the end of the year. I will say, it wasn't much fun acquiring and tabulating 1099s.
by gips
Thu Apr 12, 2018 7:54 am
Forum: Investing - Theory, News & General
Topic: Shorting the actively managed mutual fund market
Replies: 26
Views: 2007

Re: Shorting the actively managed mutual fund market

There's a certain mental puzzle I've been trying to deal with. It is, basically, why not a contrarian strategy? If most investors underperform the market, why isn't it easy to "just" to do the opposite of what the crowd is doing? I think the best answer I have for this currenty is that the "opposit...
by gips
Mon Apr 02, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: portolio questions
Replies: 8
Views: 643

Re: portolio questions

The problem that I frequently see when posters are talking about retiring prior to receiving SS (or a pension) is that they try to evaluate their readiness based on a consistent withdrawal percentage. But given that portfolio withdrawals need to vary so much between pre-SS and post-SS, the 2 phase ...
by gips
Sun Apr 01, 2018 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: portolio questions
Replies: 8
Views: 643

Re: portolio questions

thanks for your reply and the analysis. since $4.3mm has already been taxed, not sure if your calculation around withdrawal amount for taxes is correct?
by gips
Sun Apr 01, 2018 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: portolio questions
Replies: 8
Views: 643

Re: portolio questions

thank you for your replies. I will look into the ss plan again. It is all a bit unclear. Is the college money coming out of your portfolio? yes Do you want $200,000 after taxes? yes Do you need $200,000 net of SS or in addition to SS? net What age are you planning to start withdrawals? today What do...
by gips
Sun Apr 01, 2018 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: portolio questions
Replies: 8
Views: 643

portolio questions

I've been playing with various calculators but thought it would be good to get a gut check. I've taken what I believe to be a bb approach: "if you've won, no reason to play the game" approach pre-tax $220k fbidx $480K cd ladder post tax equity $1.4mm vtsax $760k vtiax fixed income $1.8mm cd ladder $...
by gips
Sun Apr 01, 2018 5:54 am
Forum: Investing - Help with Personal Investments
Topic: Retiree looking for investment advice
Replies: 15
Views: 1848

Re: Retiree looking for investment advice

If your goal is 3% nominal, why not purchase CDs? Take a look at the depositaccounts website, many are yielding 3%

Here’s one:
https://www.depositaccounts.com/banks/u ... ce-cu.html
by gips
Fri Mar 30, 2018 9:26 am
Forum: Investing - Theory, News & General
Topic: KF Annual Expense Based Personal Finance Strategy
Replies: 149
Views: 6727

Re: KF Annual Expense Based Personal Finance Strategy

Folks, Simple step by step to FI. 0) Count your current portfolio size. This excludes your home equity. 1) Calculate your current annual expense. Let's call this as A. 2) Pick an FI portfolio size based on the age when you want to be FI. The FI should range from 25X to 50X of A. 3) Look at your ann...
by gips
Tue Mar 27, 2018 6:53 am
Forum: Investing - Theory, News & General
Topic: So... What bond fund or bond-like instrument do you use?
Replies: 68
Views: 7662

Re: So... What bond fund or bond-like instrument do you use?

It's been a while since low interest rates started. And all of our fears of hyperinflation seems to have went up in smoke (I certainly had some during 2008). What funds are you guys using these days, assuming we have no predictive power or whether the future with be deflationary or hyperinflationar...
by gips
Mon Mar 26, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Home Security
Replies: 26
Views: 2556

Re: Home Security

the direction of the industry is to merge home automation with security monitoring. We purchased a system from vivint, integrates with alexa, allows us to control garage doors, front door, etc. we pay around $50 per month for monitoring and receive a $32 per month discount on home insurance.
by gips
Mon Mar 26, 2018 10:06 am
Forum: Personal Consumer Issues
Topic: Good cheap/free email mailing list for about 200 people?
Replies: 10
Views: 781

Re: Good cheap/free email mailing list for about 200 people?

Why not just create a contact list in yahoo or gmail? I used a free, sophisticated, Linux based email app to manage thousands of people, do you speak Linux?
by gips
Sun Mar 25, 2018 4:55 pm
Forum: Investing - Theory, News & General
Topic: financial advisory post-retirement?
Replies: 27
Views: 3009

Re: financial advisory post-retirement?

thanks for all the replies! 61 and 55 Any fees you pay to a financial advisor would need to come out of that so that if you use one that charges a 1% fee of the assets under management then that needs to come from your 3% so you are paying the a third of your money each year even if they did not put...
by gips
Sat Mar 24, 2018 8:44 pm
Forum: Investing - Theory, News & General
Topic: financial advisory post-retirement?
Replies: 27
Views: 3009

Re: financial advisory post-retirement?

What are your ages? 61 and 55 Not fee-based, fee-only! A fixed amount just for recommendations, no investing actions, and acting as a fiduciary. They exist, but I wouldn't know where to find one. I have seen a firm or two mentioned here so maybe do a search if you don't get some suggestions. yes, e...
by gips
Sat Mar 24, 2018 6:05 pm
Forum: Investing - Theory, News & General
Topic: financial advisory post-retirement?
Replies: 27
Views: 3009

financial advisory post-retirement?

During my accumulation phase I felt a financial advisor was not necessary. However, now that I'm retired, I need a strategy that takes into account our ages, the ages of our kids, expenses, RMDs, social security, medicare, obamacare, taxable vs nontaxable accounts, tax loss and gain harvesting. And ...
by gips
Fri Mar 23, 2018 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: avoiding taxable interest income and dividends?
Replies: 12
Views: 1604

Re: avoiding taxable interest income and dividends?

You can use BerkshireHathaway stock. It pays no dividend. But $80,000 of dividends per year means a portion of your portfolio is at least $4,000,000.00 I would think. thanks, but the idea is to maintain my fixed income allocation. The money is being spun off of cds/bond fund/mutual fund distributio...
by gips
Fri Mar 23, 2018 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: avoiding taxable interest income and dividends?
Replies: 12
Views: 1604

avoiding taxable interest income and dividends?

Hi, I'm retired, have maxed out my pretax space with fi. My post-tax space is going to throw off more than $80k which is going to make maneuvering around obamacare and roth conversions tough. Are there any investment options to help reduce my year-to-year taxable income? Perhaps a fi etf that increa...
by gips
Thu Mar 22, 2018 8:51 pm
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 13861

Re: Working till retirement is not a great plan

I worked for a competitor of IBM for ten years and was let go when I turned 45. Two years before I was let go, I was awarded the consultant of the year award for our division. The year before I was let go, I was named manager of the year. After they let me go, my client, the cio of an asset mgmt com...
by gips
Thu Mar 22, 2018 12:16 pm
Forum: Personal Consumer Issues
Topic: Entrepreneurs - Self Made Success Stories & Book Recommendations
Replies: 8
Views: 748

Re: Entrepreneurs - Self Made Success Stories & Book Recommendations

book recommendation: - Getting to Yes, because so much of business revolves around a negotiation advice: - model: Before you launch, create a spreadsheet which models expected revenue, expenses, cash flow, etc on a monthly basis. Take it five years out. show it to a friend, a spouse, a financial adv...
by gips
Thu Mar 15, 2018 2:25 pm
Forum: Investing - Theory, News & General
Topic: Sharonview FCU 64 month CD - 4%
Replies: 90
Views: 12424

Re: Sharonview FCU 64 month CD - 4%

At one of my local credit unions, using the COOP shared branching, I was able to transfer funds from one of my other CU accounts to the Sharonview FCU, this showed up in my Sharonview account right away. thanks, saved me $30 in wire transfer fees! >>Did you cash a check, or how did you get the fund...
by gips
Tue Mar 13, 2018 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 12894

Re: Need advice re: Liberal Arts Colleges...

my S just graduated from u mich (we're out of state) with a liberal arts degree (pub policy). IMO, he received a fabulous education. His ability to analyze, write and communicate is light years beyond what I took away with my computer science degree. It took him 6 months to find a job, he's working ...
by gips
Sat Mar 10, 2018 12:42 pm
Forum: Investing - Theory, News & General
Topic: Sharonview FCU 64 month CD - 4%
Replies: 90
Views: 12424

Re: Sharonview FCU 64 month CD - 4%

thanks for your reply! Yes there is some legwork to opening an CD - I don't chase yield and constantly looking for the best CD deal but I have found after opening a couple CD's its just as convenient as any other financial business I want to conduct. I don't agree, much less work if using one or two...
by gips
Sat Mar 10, 2018 11:38 am
Forum: Investing - Help with Personal Investments
Topic: sell or keep home?
Replies: 7
Views: 753

sell or keep home?

we own - a 4br home in nyc suburbs that's worth around $800k, taxes are $20k per year. oil, electricity, maintenance, insurance is another $20k per year - a 2br coop in manhattan, maintenance charges are $20k per year - no mortgages - two kids in college - deep roots in our suburban community though...
by gips
Sat Mar 10, 2018 11:07 am
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 610
Views: 69515

Re: Netflix, Your Current Favorite Show

here are some shows I liked: frankenstein chronicles season 1 altered carbon - I loved the vision of the future, good acting but as usual, the mix of film noir and sci fi doesn't quite work le mante travellers - good, not great sci fi stranger - loved this, well plotted and acted, yes the subtitles ...
by gips
Sat Mar 10, 2018 10:51 am
Forum: Investing - Theory, News & General
Topic: Sharonview FCU 64 month CD - 4%
Replies: 90
Views: 12424

Re: Sharonview FCU 64 month CD - 4%

I opened an account earlier in the week, still hadn't heard back. I gave them a call yesterday, they said I'd be able to fund a cd when they got around to approving my app. Honestly, I'm ambivalent about the offer, my strategy to date has been two year or less CDs unless accompanied by a low EWP. we...
by gips
Thu Mar 08, 2018 9:28 pm
Forum: Personal Consumer Issues
Topic: structured vs. unstructured time in retirement
Replies: 18
Views: 2237

structured vs. unstructured time in retirement

Hi, retired 1.5 years ago, started strongly on a number of goals around improving my health, travel, online classes, non-profit volunteering and two new hobbies. I met a lot of these goals, most notably around health (lost 15 pounds, improved strength and cardio system), took three classes, but have...