Search found 135 matches

by panhead
Fri Aug 18, 2017 8:24 am
Forum: Personal Consumer Issues
Topic: Bose Noise Cancelling Headphones
Replies: 49
Views: 3568

Re: Bose Noise Cancelling Headphones

I have a pair of older Bose battery and cable noise cancelling headphones. If you travel a lot on planes, some kind of noise cancelling headphones are a HUGE improvement in the experience. I've had a set of earbuds, but the over the ear Bose do a much better job. I'm not sure about the cheaper brand...
by panhead
Fri Aug 18, 2017 8:18 am
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 116
Views: 10298

Re: How does one determine their "number" and what exactly does it mean?

I did and am doing something similar. I have a modest HELOC balance from a refied mortgage that I wasn't worried about going into retirement four years ago. I pay $1000/month on it which is double the required payment. When paid off in a couple years, I'll have a nice effective increase in spendabl...
by panhead
Fri Aug 18, 2017 7:53 am
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 116
Views: 10298

Re: How does one determine their "number" and what exactly does it mean?

I'm in my mid to late 40s and the method I'm currently using is similar to many here. I pretty much spend everything that comes into my checking account as I have all my investments come out first. At the end of the year this makes it very easy to see what I spent, it's whatever was deposited (for t...
by panhead
Fri Aug 11, 2017 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Opinions Needed - Are We Good?
Replies: 32
Views: 2608

Re: Opinions Needed - Are We Good?

I gotta say, sometimes this board cracks me up. If I'm not missing anything, you guys have close to $3M in assets if you liquidate everything, not including the costs associated with that liquidation. If you really want to quit very soon, given your expenses, I see very little risk in it not working...
by panhead
Tue Jun 27, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Middle age job blues
Replies: 86
Views: 8808

Re: Middle age job blues

I'm 40 and already feel old for programming. I think changing jobs would be my recommendation. It is good idea to change every 3-4 years and not be in the same company for more than 6+ years. Big companies like Oracle, Dell, Raytheon are fine with with older people. Startups, facebook, google hire ...
by panhead
Tue Jun 27, 2017 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Middle age job blues
Replies: 86
Views: 8808

Re: Middle age job blues

Hello , Long time watcher but first time posting. I need some guidance from folks who might have found themselves in similar situations at middle age. I work in the IT industry and find myself at a point where the future does not seem very bright. I am 48 and made good money for a number of years b...
by panhead
Fri Jun 16, 2017 8:01 am
Forum: Investing - Theory, News & General
Topic: Anyone else gotten totally bored with investing?
Replies: 127
Views: 13804

Re: Anyone else gotten totally bored with investing?

DomDangelina wrote:
panhead wrote:
Other than that, jump on the Harley and go for a putt!

-pan-


I see you were just now watching Maria Bartiromo's interview with the Harley CEO at the U.S. Open. :sharebeer


Busted!!! lol!
by panhead
Fri Jun 16, 2017 7:56 am
Forum: Investing - Theory, News & General
Topic: Anyone else gotten totally bored with investing?
Replies: 127
Views: 13804

Re: Anyone else gotten totally bored with investing?

I wouldn't say I'm bored, I'm still very interested in financial news and am always trying to learn something new, but I am also at the point where I finally got the portfolio to a point where I am happy with its construction, and new contributions (for the most part) are automatically deducted out ...
by panhead
Fri Jun 02, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 252
Views: 19588

Re: KF's Worst Case Retirement Plan

Folks, For those that believe that 1 million at 54 years old does not work out, please let me about the number that you will be comfortable with. The number should be lower than 1.5 million. That is the highest achievable number for me. KlangFool Well, yeah, I think 1.5M would do the trick. If I ta...
by panhead
Fri Jun 02, 2017 10:10 am
Forum: Investing - Help with Personal Investments
Topic: Future Retirement Plan
Replies: 46
Views: 3301

Re: Future Retirement Plan

Folks, This is my worst-case retirement scenario. Please review and criticize. 1) Retire at 54 years old with a portfolio of 1 million and the AA of 60/40 2) 300K Mortgage -> may consider to pay this off at that time. 6 years into 30 years 3.49% fixed rate mortgage. 3) Taxable/Roth/Tax-deferred 45/...
by panhead
Thu Jun 01, 2017 6:21 am
Forum: Investing - Help with Personal Investments
Topic: Future Retirement Plan
Replies: 46
Views: 3301

Re: Future Retirement Plan

As conservative as this forum is I'm a bit surprised at the responses. If you don't pay off the mortgage, you are at 4% SWR, if you do pay off the mortgage, you are at a 3.33% SWR. That being said, with your proximity to social security, I suppose this mitigates much of the risk. You only have 10 ye...
by panhead
Tue May 23, 2017 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth and Roth IRA?
Replies: 5
Views: 668

Re: Mega Backdoor Roth and Roth IRA?

Thanks for the replies, they really helped to clear things up! panhead - no other iras so that should be ok. batpot - they have 3 different options: 401k, Roth IRA, After-tax. It looks like the 401k and Roth IRA are the same thing (pre-tax), so I'll add to the after-tax option. Once the 401k max is...
by panhead
Tue May 23, 2017 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth and Roth IRA?
Replies: 5
Views: 668

Re: Mega Backdoor Roth and Roth IRA?

Thanks for the replies, they really helped to clear things up! panhead - no other iras so that should be ok. batpot - they have 3 different options: 401k, Roth IRA, After-tax. It looks like the 401k and Roth IRA are the same thing (pre-tax), so I'll add to the after-tax option. Once the 401k max is...
by panhead
Mon May 22, 2017 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth and Roth IRA?
Replies: 5
Views: 668

Re: Mega Backdoor Roth and Roth IRA?

I believe for employer (or self employed) 401k type plans all contributions cannot exceed $54,000 for 2017, unless you are 50 or over, then with catch up contributions you can do $60,000. Any amount you contribute to a Roth IRA ($5500 if under 50, otherwise $6500) is not counted in the limits for th...
by panhead
Wed May 17, 2017 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Conceptual strategy to safely fund an early retirement?
Replies: 10
Views: 1081

Re: Conceptual strategy to safely fund an early retirement?

Thanks for the replies. Every now and then I start thinking about things like this and like to run em' by the board. I think individual TIPs would work for the 20 year period very well, but as I understand it the durations would be an issue, and the tax drag would cause the same problem of not being...
by panhead
Wed May 17, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Conceptual strategy to safely fund an early retirement?
Replies: 10
Views: 1081

Re: Conceptual strategy to safely fund an early retirement?

CD's, T Bills and cash savings accounts are yielding negative real today. There is your first problem. Second, you have to pay taxes on returns that are negative putting you at a disadvantage. Third problem, getting 3% real on equities might be a stretch these days. Conceptually it works but only i...
by panhead
Wed May 17, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Conceptual strategy to safely fund an early retirement?
Replies: 10
Views: 1081

Re: Conceptual strategy to safely fund an early retirement?

I don't think the plan is that good. Partly because it seems simple which hides risk. If the underlying situation changes there is not much flexibility in the plan. A spike in inflation would be a good example. There would be no guarantee that bank CDs could keep up in real terms. Who knows if you ...
by panhead
Wed May 17, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Conceptual strategy to safely fund an early retirement?
Replies: 10
Views: 1081

Conceptual strategy to safely fund an early retirement?

Hi Bogleheads, I had an idea today about early retirement and withdrawal methods and wanted to see what the board thought. Here's a fictitious case that outlines what I was thinking: 47 year old (m/f) doesn't matter 1.2M in cash in taxable after selling out of all his stock and bond funds at vanguar...
by panhead
Fri Apr 21, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: When does it make sense to start paying down (or off) a low rate mortgage?
Replies: 53
Views: 5717

Re: When does it make sense to start paying down (or off) a low rate mortgage?

OP here, thank you for all of the replies, it has given me many more things to think about. My personal situation is a 3% mortgage on a very small mortgage that probably doesn't make much difference whether I pay it off or not, but I still think about it a lot, guess I like mental gymnastics. I've ...
by panhead
Fri Apr 21, 2017 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: What kind of stuff would you never DIY, assuming you could?
Replies: 75
Views: 6799

Re: What kind of stuff would you never DIY, assuming you could?

I will no longer snake or work on the main sewer line connected to my house. I've done it in the past when I had less money, but I'm all done with that....YUCK!

The rest of the pipes I have no problem with......
by panhead
Fri Apr 21, 2017 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: When does it make sense to start paying down (or off) a low rate mortgage?
Replies: 53
Views: 5717

Re: When does it make sense to start paying down (or off) a low rate mortgage?

OP here, thank you for all of the replies, it has given me many more things to think about. My personal situation is a 3% mortgage on a very small mortgage that probably doesn't make much difference whether I pay it off or not, but I still think about it a lot, guess I like mental gymnastics. I've a...
by panhead
Thu Apr 20, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: When does it make sense to start paying down (or off) a low rate mortgage?
Replies: 53
Views: 5717

When does it make sense to start paying down (or off) a low rate mortgage?

The question of whether or not to pay down a mortgage is a staple on this and many other sites, as we are all very aware, so I hope this question is different enough that it doesn't go down the same rabbit hole. So, the question is, if you have a low rate mortgage (say 3% in todays environment) Is t...
by panhead
Thu Apr 20, 2017 10:41 am
Forum: Personal Consumer Issues
Topic: Security deposit issues upon rental move-out. Or, how do I not get ripped off?
Replies: 39
Views: 3012

Re: Security deposit issues upon rental move-out. Or, how do I not get ripped off?

If California is anything like Mass then this is completely illegal. I'm a landlord in Mass and actually stopped collecting security deposits because they have to be treated differently than other deposits, and if not treated properly the tenant can get up to triple damages. Add to this that keeping...
by panhead
Thu Mar 23, 2017 7:35 am
Forum: Investing - Help with Personal Investments
Topic: Very Sad - Loss of Backdoor Roth IRA all these years
Replies: 19
Views: 4997

Re: Very Sad - Loss of Backdoor Roth IRA all these years

OP: If you have decent choices and expenses in your 401k, and you are allowed "roll-ins" to your 401k, you can hide your rollover IRA by rolling it into your 401k. Then you also will be able to do backdoor Roths without hitting the pro-rata rule, which is why your advisor says you cannot d...
by panhead
Mon Mar 20, 2017 12:52 pm
Forum: Personal Consumer Issues
Topic: Rule of Thumb for Getting Rid of Car
Replies: 51
Views: 6007

Re: Rule of Thumb for Getting Rid of Car

As someone also living in the rustbelt, I'll say this: I've seen trucks of that year (2005) have frames that have rusted so badly that they split. I've seen driveshafts rust in half. Never mind the brake, transmission, and fuel lines that always seem to rust off first and that can be dangerous. That...
by panhead
Mon Mar 20, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: taxes with megabackdoor roth
Replies: 29
Views: 2809

Re: taxes with megabackdoor roth

+1 to what retiredjg said, you need to keep track of how the money got into the Roth.

Congratulations and welcome to the Mega Backdoor Roth IRA, truly one of the cooler things I've learned on this forum, and I'll say thanks again to AlanS who walked many of us first timers through it in detail.
by panhead
Thu Oct 06, 2016 1:46 pm
Forum: Personal Consumer Issues
Topic: Johnnie Walker Blue worth the cost?
Replies: 70
Views: 6777

Re: Johnnie Walker Blue worth the cost?

Nobody ever lost a friend over Macallan 18 That's what occurred to me when I read the title "Johnnie Walker Blue worth the cost?" Answer: no it's not, in a world where you can get a bottle of Macallan 18 for roughly the same price. (Although in my opinion, Macallan 12 is 99% as good for a...
by panhead
Wed Aug 31, 2016 3:17 pm
Forum: Personal Consumer Issues
Topic: Toyota Tacoma - 4 cylinder vs. 6
Replies: 24
Views: 5495

Re: Toyota Tacoma - 4 cylinder vs. 6

I' had a late 90s Tacoma 4 cylinder 4wd with the access cab (not the 4 door) 5 speed. If it was not a manual transmission I think I would have hated it. With the stick the truck performed very well. I've towed a couple 16' powerboats with it and it did so pretty well. It is not a rocket ship, but I ...
by panhead
Wed Aug 31, 2016 2:21 pm
Forum: Investing - Theory, News & General
Topic: "Your Age In Bonds"vs. Target Retirement 2015 Fund AA
Replies: 14
Views: 1378

Re: "Your Age In Bonds"vs. Target Retirement 2015 Fund AA

I am 46 and can't imagine having 46% of my AA in bonds. If you are going to retire at 65, that is 18 years away. Way too conservative for me. In fact, I doubt I will ever have more than 40% in bonds. I am also 46 and am close to age in bonds, including all FI (CDs etc) I have more than age in bonds...
by panhead
Fri Aug 19, 2016 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 48463

Re: Self-made Millionaires: how did hitting 7 figures change you?

I wasn't referring to a change in the recommended withdrawal rate. What I see is many people think "I need $1.25M in order to retire because I have expenses of 4k/month". Then they get close to that number and think "Well I actually need $1.5M plus my personal residence paid off beca...
by panhead
Thu Aug 18, 2016 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 48463

Re: Self-made Millionaires: how did hitting 7 figures change you?

For me, yes I was excited when I hit $1m, yes I was excited when I hit $2m, yes I was excited when I hit $10m. However, by and large nothing has changed except I stress differently ..... As you can see from the above post, being a part of this community also tends to motivate one to get "more&...
by panhead
Wed Aug 17, 2016 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Anyone else getting nervous and converting to cash as a short-term move?
Replies: 116
Views: 13022

Re: Anyone else getting nervous and converting to cash as a short-term move?

Nervous? yeah a bit watching the market claw up the wall of worry. I did however make a move, but not because I was nervous. The market pushed my portfolio to a point where my IPS says I can cash out enough to pay off my mortgage. Now, I have a nice 3% CD with NWFCU from last year that is about equa...
by panhead
Mon Aug 15, 2016 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 48463

Re: Self-made Millionaires: how did hitting 7 figures change you?

For me, yes I was excited when I hit $1m, yes I was excited when I hit $2m, yes I was excited when I hit $10m. However, by and large nothing has changed except I stress differently ..... As you can see from the above post, being a part of this community also tends to motivate one to get "more&...
by panhead
Mon Aug 15, 2016 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 48463

Re: Self-made Millionaires: how did hitting 7 figures change you?

I've been working to be FI since before I graduated college. I always craved the choices that would allow me. That being said, getting there has been like grabbing a fish! When I first calculated what I needed (late 90s) I figured 500k would be enough at 5% As the years rolled on, I decided that I ...
by panhead
Mon Aug 15, 2016 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 48463

Re: Self-made Millionaires: how did hitting 7 figures change you?

Well, perhaps you have grabbed the fish, but keep deciding to throw it back in the water! At some point, you need to look at the fish, admire it, and say, "this will do...this will do". Lol, yeah, I hear you. At some point, I have to stop moving the goalpost. I think this is very common h...
by panhead
Mon Aug 15, 2016 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 48463

Re: Self-made Millionaires: how did hitting 7 figures change you?

I've been working to be FI since before I graduated college. I always craved the choices that would allow me. That being said, getting there has been like grabbing a fish! When I first calculated what I needed (late 90s) I figured 500k would be enough at 5% As the years rolled on, I decided that I n...
by panhead
Fri Aug 12, 2016 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Are we there yet?
Replies: 34
Views: 5391

Re: Are we there yet?

Welcome aboard! Welcome aboard to our shipmate Casey! Your first post. You are doing great! You are only 45, and [if feasible] just hang in there for at least another five years and continue investing as much as you can to your tax-advantaged and taxable account [you are investing at a good pace]. ...
by panhead
Sun Aug 07, 2016 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Actual SWR when considering mortgage principal payments
Replies: 16
Views: 1310

Re: Actual SWR when considering mortgage principal payments

Does one subtract the monthly principal payment from your WR? I ask, because this money isn't really being "spent", it's more like taking it from your left pocket and putting it in the right, although the right pocket is much harder to take the money back out of Here is an example of of h...
by panhead
Sun Aug 07, 2016 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Actual SWR when considering mortgage principal payments
Replies: 16
Views: 1310

Re: Actual SWR when considering mortgage principal payments

Yeah, I agree with most of these comments. It's clearly the cash flow issue that's important as that is what the portfolio has to support. I guess my point was that the principal portion of the mortgage payment isn't effectively "spent" it's more re-allocated. Mathematically, if you hold ...
by panhead
Sat Aug 06, 2016 11:15 am
Forum: Personal Finance (Not Investing)
Topic: taxes with megabackdoor roth
Replies: 29
Views: 2809

Re: taxes with megabackdoor roth

Thanks to all of you for replying to my post. I did verify that I cannot roll-over (or whatever the term is) an IRA in to my 401K. I have also checked with the 401k administrator that I can only withdraw up to the contribution amount to roll it over to an IRA (110k in my case). I suspect that they ...
by panhead
Fri Aug 05, 2016 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: taxes with megabackdoor roth
Replies: 29
Views: 2809

Re: taxes with megabackdoor roth

I question #4 there. Why can you only move 110k combination of after-tax and earnings? Are you sure that you aren't allowed to roll over the entire 110k of after-tax, in which case all of the earnings would come along as well? I wondered about that as well. Different plans are allowed to have diffe...
by panhead
Fri Aug 05, 2016 10:09 am
Forum: Personal Finance (Not Investing)
Topic: "4% Rule" ...is broken? [argumentative]
Replies: 150
Views: 11406

Re: Conflict of Interest

For those retiring earlier, I would recommend accumulating more. A rule of the thumb would be to multiply the ratio of VPW rates between retirement and 65 by 4%. Example: To retire at 55 , I would multiply VPW's ratio of 55-years old and 65-years old percentages by 4% (see lines 55 and 65 of the 50...
by panhead
Fri Aug 05, 2016 8:37 am
Forum: Personal Finance (Not Investing)
Topic: taxes with megabackdoor roth
Replies: 29
Views: 2809

Re: taxes with megabackdoor roth

How much does your employer allow you to put in the after-tax 401k sub-account every year? If it's up to the maximum 401k amount, it's probably somewhere between 25-34k, depending on how much your employer contributes to your 401k. If this is the case, I would forget about the backdoor ($5500) Roth ...
by panhead
Sat Jul 30, 2016 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Actual SWR when considering mortgage principal payments
Replies: 16
Views: 1310

Re: Actual SWR when considering mortgage principal payments

This is a good case for treating the mortgage as a negative bond, and computing the non-mortgage withdrawal based on the remainder. For example, suppose you will be paying $20K per year for the next ten years in mortgage interest. If you bought a bond portfolio with bonds maturing in each of the ne...
by panhead
Fri Jul 29, 2016 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Actual SWR when considering mortgage principal payments
Replies: 16
Views: 1310

Re: Actual SWR when considering mortgage principal payments

Yeah, I agree with most of these comments. It's clearly the cash flow issue that's important as that is what the portfolio has to support. I guess my point was that the principal portion of the mortgage payment isn't effectively "spent" it's more re-allocated. Mathematically, if you hold e...
by panhead
Fri Jul 29, 2016 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Actual SWR when considering mortgage principal payments
Replies: 16
Views: 1310

Actual SWR when considering mortgage principal payments

Hi Bogleheads, This is probably semantics, but I have a question about actual SWR when withdrawing from a portfolio while you still have a mortgage. Does one subtract the monthly principal payment from your WR? I ask, because this money isn't really being "spent", it's more like taking it ...
by panhead
Wed Jul 20, 2016 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Feeling discouraged
Replies: 60
Views: 6725

Re: Feeling discouraged

Thank you so much for the continued replies. They have really helped to add context and put things in perspective. There will be other times in the future when I feel anxious or discouraged but I know that this is a marathon not a sprint, I've got a good plan in place, I'm very fortunate to be able...
by panhead
Tue Jul 19, 2016 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Feeling discouraged
Replies: 60
Views: 6725

Re: Feeling discouraged

I didn't read all the replies but I'll try to add my $.02 here, and that is probably what it is worth, lol. I started (seriously) investing around 1997. Before that I had token amounts of money, but 1997 is when I started throwing real $$ at the market. Then came 2000 and the tech meltdown. OK, no p...
by panhead
Tue Jul 19, 2016 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Career Change?Age 32---Personal Trainer to Real Estate
Replies: 16
Views: 2226

Re: Career Change?Age 32---Personal Trainer to Real Estate

I had an acquaintance whose wife was a RE agent and he was the mortgage broker. I agree there are advantages to this relationship. That being said, have you had to "chase and sell" clients as a personal trainer? If so, and you were good at it and personable, this experience would help you ...