Search found 414 matches

by remomnyc
Thu Feb 22, 2018 4:53 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 97
Views: 12360

Re: Roll Call for the Retirement Class of 2018!

I had planned to give notice on Monday, but my boss told me I have a sizable bonus coming. Now I feel compelled to stay until then, which changes my exit to 5/18/18. I'm in the midst of two very stressful projects, so I resent staying but it's hard to leave so much money on the table. Every day seem...
by remomnyc
Thu Feb 22, 2018 10:34 am
Forum: Personal Consumer Issues
Topic: What big item (>20k) are you saving up for?
Replies: 133
Views: 9499

Re: What big item (>20k) are you saving up for?

We saved for 3 things: 1) house downpayment; 2) college funds; and 3) retirement. Everything else is paid out of cash flow or our emergency fund, which is replenished when it goes below a certain level.
by remomnyc
Thu Feb 22, 2018 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 43
Views: 3147

Re: Do you rent even if you can afford to buy?

We've been renting and looking for 3 years. The one thing we really liked, we bid 150k over ask and were outbid by 150k. Right now, it would cost us 27x rent to buy. The last time we bought we paid 13x rent to buy. Financially, we just can't justify buying, especially in our neighborhood. We also li...
by remomnyc
Thu Feb 15, 2018 8:02 am
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 11130

Re: Did you learn anything from the market correction?

I recently transitioned from 80/20 to 70/30 to 55/45 because I will ER (early retire) in a few months. I had been wondering if 55/45 was too conservative. I learned it was not.
by remomnyc
Fri Feb 09, 2018 10:48 pm
Forum: Investing - Theory, News & General
Topic: Should you sell your investments when they start dropping? When should you invest during this market correction?
Replies: 52
Views: 4123

Re: Should you sell your investments when they start dropping? When should you invest during this market correction?

I don't know much, but I know I can't time the market. I spent too much time in the past in cash waiting for corrections. I could probably have retired a few years earlier, if I had been more disciplined. Now, I sell only if I breach my 5% band or to tax loss harvest. I buy whenever I have money and...
by remomnyc
Fri Feb 09, 2018 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: I didn't tax-loss harvest this month, did you?
Replies: 86
Views: 4920

Re: I didn't tax-loss harvest this month, did you?

The only things in the red were brokered cds and bond holdings in tax deferred. No opportunities to TLH yet. I think the last time I TLH'd was in early 2016, and I still have most of the TLH credits from 2009 because I've been rebalancing with new money and haven't sold winners yet.
by remomnyc
Fri Feb 09, 2018 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody hit their rebalance bands?
Replies: 20
Views: 1194

Re: Anybody hit their rebalance bands?

I didn't trigger my 5% bands either, but I still have new money (401k contributions, match, dividends, interest) going in to rebalance.
by remomnyc
Thu Feb 08, 2018 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Investing $20K in portfolio under current market situation
Replies: 23
Views: 1659

Re: Investing $20K in portfolio under current market situation

If you have to ask the question, then 90/10 is clearly too aggressive for you. You need to lower your equity allocation to the point that "current or future market conditions" are a non-event in your life. What that number is we can't tell you, but 90/10 is not it. +1 If you can't invest according ...
by remomnyc
Thu Feb 08, 2018 7:50 am
Forum: Personal Consumer Issues
Topic: Who has had a pool?
Replies: 79
Views: 4107

Re: Who has had a pool?

We had a pool in my teens. It was great for parties, but otherwise not used regularly after the first summer. I was envious of all the kids who hung out at the community pool, which we couldn't join because we had one. My parents were never home and I am shocked that my siblings and our friends did ...
by remomnyc
Wed Feb 07, 2018 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: Retired or close to it -- what do you hold in bond portion?
Replies: 41
Views: 3993

Re: Retired or close to it -- what do you hold in bond portion?

Retiring in a few months. 55/41/4 (cash). The non-cash fixed income portion is comprised of a 3-yr CD ladder with the rest in total bond.
by remomnyc
Wed Feb 07, 2018 5:02 pm
Forum: Investing - Theory, News & General
Topic: Being a Disciplined Investor - How do you avoid temptations?
Replies: 41
Views: 2717

Re: Being a Disciplined Investor - How do you avoid temptations?

I didn't avoid it. Years ago, I set aside gambling money, $35k in my 401k to buy individual stocks. When I sold, I invested profits in my index funds and bought a new stock with the same $35k. I did great until I didn't. My last investment went down to $10k. I cashed in my losses and applied it to m...
by remomnyc
Tue Feb 06, 2018 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: $1000 a month for life into a taxable account
Replies: 23
Views: 3835

Re: $1000 a month for life into a taxable account

Assuming you have tax advantaged accounts AND assuming your fixed income is housed there, I would invest 60% VTI and 40% VXUS in a taxable account.
by remomnyc
Tue Feb 06, 2018 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Where would you tell a 12 year old to park his money
Replies: 32
Views: 1839

Re: Where would you tell a 12 year old to park his money

Our kids started out with a VG target retirement 2065 until they had amassed enough to buy VTI ($3k min).
by remomnyc
Sat Feb 03, 2018 9:06 pm
Forum: Investing - Theory, News & General
Topic: Total Bond Market Index Fund vs. CDs?
Replies: 27
Views: 3121

Re: Total Bond Market Index Fund vs. CDs?

I have 1 yr of expenses in an 11-mo no penalty CD and then a 3-yr CD ladder and the rest of my fixed income in total bond, so near term money in CDs and longer-term in total bond.
by remomnyc
Sat Feb 03, 2018 7:33 pm
Forum: Investing - Theory, News & General
Topic: Blood in the water- buying?
Replies: 117
Views: 15943

Re: Blood in the water- buying?

Still nothing in the red to TLH and still within my 5% bands, so nothing for me to do. The sideline sitters in my office were excited. I didn't have the heart to point out that even with the dip, we're still up for the month, the past year, etc. A colleague in the market went 50% cash and incurred c...
by remomnyc
Sat Feb 03, 2018 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Do you live on a budget?
Replies: 65
Views: 3384

Re: Do you live on a budget?

Kind of. I have a savings budget. I spend everything else. Big lumpy expenses come out of the emergency fund which is added to the savings budget when it gets too depleted.
by remomnyc
Fri Feb 02, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: What's your cash position
Replies: 84
Views: 6986

Re: What's your cash position

12 mos expenses in cash. However, we do have dry powder since half our house fund is in no penalty CDs. If the stock market were to tank, we may decide to remain renters and divert cash to stocks.
by remomnyc
Wed Jan 31, 2018 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Why do many bogleheads feel they can time the housing market but can't time the stock market?
Replies: 63
Views: 4609

Re: Why do many bogleheads feel they can time the housing market but can't time the stock market?

Real estate is lumpy and illiquid. You can't reallocate when the market moves against or in your favor. I time the market insofar I compare buy versus rent to inform my decision. The last time I bought, buying and renting were equivalent. For the past few years, renting has made more financial sense...
by remomnyc
Wed Jan 31, 2018 7:50 pm
Forum: Personal Consumer Issues
Topic: Travel Insurance...Is it worth it?
Replies: 16
Views: 1332

Re: Travel Insurance...Is it worth it?

Check your credit card. The Chase Sapphire Reserve has trip delay, baggage delay, trip cancellation, trip interruption, and emergency medical up to $2,500 if you purchase your fare with the card. When I travel to remote locations, I typically purchase medical evacuation insurance separately from the...
by remomnyc
Fri Jan 26, 2018 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: Convincing uninterested DW we have enough...
Replies: 13
Views: 1617

Re: Convincing uninterested DW we have enough...

I hired a financial planner, who convinced DH.
by remomnyc
Fri Jan 26, 2018 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Don't market time...i know, i know.
Replies: 34
Views: 4528

Re: Don't market time...i know, i know.

My IPS said invest 80/20 and reduce to 60/40 when I hit 25x expenses. In the past 3 yrs, I reduced from 80/20, to 70/30, and then to 55/45. I will pull the plug this year at 28x expenses. The market has been generous, but I don't consider reducing my risk market timing so much as responding to my re...
by remomnyc
Mon Jan 22, 2018 4:46 pm
Forum: Personal Consumer Issues
Topic: How much $ worth of things have you discarded without using?
Replies: 25
Views: 2383

Re: How much $ worth of things have you discarded without using?

I used to buy kids' clothes on sale for the next season and they often ended up being the wrong size for the next season. Now, I wait until they need stuff and avoid "saving" money. I used to buy shoes that turned out to be uncomfortable when worn outside the store, but I avoid that by spending mone...
by remomnyc
Mon Jan 22, 2018 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: Help Late Early Accumulators Be Comfortable Right Now with (Bogle-appropriate) Aggressive AA
Replies: 30
Views: 1950

Re: Help Late Early Accumulators Be Comfortable Right Now with (Bogle-appropriate) Aggressive AA

I'm glad you read about Bob, the world's worst market timer. You should also read Swedroe's Lessons from 2016, specifically lesson 2. http://www.etf.com/sections/index-investor-corner/swedroe-lessons-2016-part-1?nopaging=1 In a nutshell, returns are lumpy and if you miss the best days, you miss out ...
by remomnyc
Thu Jan 18, 2018 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: 1,000th post and a 'No-Fail' Retirement Formula
Replies: 50
Views: 4767

Re: 1,000th post and a 'No-Fail' Retirement Formula

Based on your formula, my expenses divided by the portfolio size is a 2.4% withdrawal rate. That is way too conservative. I think this is a result of two factors. Choosing a SS age of 70 results in more years of using a portfolio based on 0% growth and using a 3% withdrawal rate on amounts after one...
by remomnyc
Thu Jan 18, 2018 12:36 pm
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 142
Views: 7692

Re: Short Commute or Nicer House?

We chose short commute with 1/4 of the space and about 1.4x more housing cost. We started reaping the rewards a few years ago because not only do we not have to commute, the children are able to use public transportation to get themselves around, so no need to have a parent/nanny/live-in au pair to ...
by remomnyc
Mon Jan 15, 2018 4:43 pm
Forum: Personal Consumer Issues
Topic: A "Home" cell phone?
Replies: 53
Views: 4922

Re: A "Home" cell phone?

Our "home" phone is a prepaid sim card in a desk phone that stays plugged in at home. I think it costs us about $5/month.
by remomnyc
Sun Jan 14, 2018 11:11 pm
Forum: Investing - Theory, News & General
Topic: A modified-Bogle approach to safe withdrawals
Replies: 7
Views: 1137

Re: A modified-Bogle approach to safe withdrawals

IMHO, if real return is 1.6% over the next decade, it's more than likely to be higher than average over the next 10 years and likely to be 4% or higher over 30 years.
by remomnyc
Sun Jan 14, 2018 5:56 pm
Forum: Personal Consumer Issues
Topic: Any high-end skincare products worth it?
Replies: 37
Views: 3114

Re: Any high-end skincare products worth it?

My dermatologist friends say no. I wash with Cetaphil and moisturize with Neutrogena with SPF.
by remomnyc
Sun Jan 14, 2018 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: ‘Fun’ Money
Replies: 17
Views: 1459

Re: ‘Fun’ Money

Why would you hold bonds in brokerage? Are you out of space in your 401k?
by remomnyc
Sun Jan 14, 2018 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 39
Views: 4744

Re: Merrill Edge best choice for higher net worth accounts?

I have my 401k at Merrill, my taxable at Schwab, the kids' UTMAs at Vanguard, and I used to have a Chase Private Client account. Every once in a while I'm tempted to chase fees, but end up staying put. IMO, Schwab has the best customer service.
by remomnyc
Sun Jan 14, 2018 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Unwinding Stocks - Where to Start?
Replies: 21
Views: 1366

Re: Unwinding Stocks - Where to Start?

Livesoft's list is a good one. Also keep in mind, unless each of those stocks was purchased in one lot, those capital gains are the average, so there may be opportunities to tax loss harvest or sell with little gains even within stocks that have capital gains.
by remomnyc
Fri Jan 12, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 96
Views: 10749

Re: Our 'cure' for emergency expenses

Our emergency expenses come from our emergency fund. Emergency expenses is a misnomer as it's everything lumpy that's not a typical expense, such as camp costs, new furniture/appliances, vacations, etc. When the emergency fund is down more than 10k, we replenish it using interest and dividends. No s...
by remomnyc
Thu Jan 11, 2018 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: "Emergency Fund" Strategy
Replies: 39
Views: 4101

Re: "Emergency Fund" Strategy

Also, I would not count my EF in my asset allocation because it could really skew it when your assets are small. I only started counting it this year because I am retiring and all my assets are now essentially an EF. It should be skewed if your assets are small, as you shouldn't be taking a lot of ...
by remomnyc
Thu Jan 11, 2018 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: A half year at full pay or a full year at half pay?
Replies: 49
Views: 4797

Re: A half year at full pay or a full year at half pay?

I wanted to do this, but my children, ages 14 and 12, did not want to take a year off from school or change schools for a year.
by remomnyc
Thu Jan 11, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8336

Re: How much/little money to give kids in will so they continue to work

You may be missing inflation for college tuition. 10k *18 = 180k. That's "enough" for some colleges, now. Will it be enough for grandkids? How much will it grow in the market? Maybe "10k/year for grandkids with child as custodian up to median cost of private tuition and room and board"? You may als...
by remomnyc
Thu Jan 11, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: "Emergency Fund" Strategy
Replies: 39
Views: 4101

Re: "Emergency Fund" Strategy

Tier 1 - Brick 10k Tier 2 - credit card (to be paid off with Tier 3, or 4) Tier 3 - Online Savings Account 24k Invest the rest. Tier 4 - brokerage account You perfectly described my approach. I like to keep it simple. :sharebeer +2. My only quibble is with the amount, which I think may be light. As...
by remomnyc
Thu Jan 11, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: How many years of fixed income for Sequence of Return Risk
Replies: 26
Views: 2056

Re: How many years of fixed income for Sequence of Return Risk

In a typical 25x expenses, 60/40 retirement allocation, there would be 10 yrs of fixed income and 15 yrs of equity. Personally, I have ~13 yrs of fixed income and more than 25x expenses with a 55/45 allocation because I am retiring early. I believe Kitces said the first 10 years was the most dangero...
by remomnyc
Thu Jan 11, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8336

Re: How much/little money to give kids in will so they continue to work

If you could see the future and you learned your kids would lose their work incentive upon receiving their full inheritance, would you still be willing to leave your entire estate to them? As an outsider to this matter, (I don't have kids nor do I expect to get an inheritance) I don't think gifts t...
by remomnyc
Thu Jan 11, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8336

Re: How much/little money to give kids in will so they continue to work

Okay, I read White Coat Investor's 20s Fund. Our kids have 529 accounts sufficient for 4 years of private university and UTMA accounts. I expect the balances of the UTMA will exceed $10k when they are 18. They know we will contribute $1 for every dollar they earn to a ROTH until they are 22 and then...
by remomnyc
Thu Jan 11, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8336

Re: How much/little money to give kids in will so they continue to work

Nearly a Moose: Thank you. I hope my children turn out as level headed as you. I will check out White Coat Investor's Twenties Fund. Sandtrap: I can find a good attorney. The problem is deciding what I want. In my family, we've never had the luxury of worrying about having money since we had none. I...
by remomnyc
Thu Jan 11, 2018 7:48 am
Forum: Investing - Help with Personal Investments
Topic: Buy bonds until market correction
Replies: 28
Views: 2588

Re: Buy bonds until market correction

I would invest according to your IPS unless there has been a change in life circumstances that causes you to revise your IPS (e.g., you inherited a windfall, you lost your job, you hit your #, etc). For any new funds that would go into fixed income, I would consider CDs given that the Fed has signal...
by remomnyc
Wed Jan 10, 2018 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8336

Re: How much/little money to give kids so they continue to work

OP, Why would you only give out money when you die? Won't it makes a lot more sense to give out some of the money while you alive? Then, you could see how it had been used and decide what to do next. I come from a multi-generation business family. We believe in training/teaching/coaching our kids o...
by remomnyc
Wed Jan 10, 2018 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8336

Re: How much/little money to give kids so they continue to work

OP, Why would you only give out money when you die? Won't it makes a lot more sense to give out some of the money while you alive? Then, you could see how it had been used and decide what to do next. I come from a multi-generation business family. We believe in training/teaching/coaching our kids o...
by remomnyc
Wed Jan 10, 2018 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8336

Re: How much/little money to give kids so they continue to work

To be clear, I am talking about how to structure our will to distribute money to kids who are now 14 and 12 should we die before they are self-supporting. It will be easy to dole out the money if we are still alive because then I can see what kind of people they turn out to be. Our existing will, wr...
by remomnyc
Wed Jan 10, 2018 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8336

Re: How much/little money to give kids so they continue to work

We have told the kids that we expect to fund college, but their inheritance will be that they won't have to support us. They know I had to pay my way through school and that we support my parents, so not having these financial burdens resonates with them. College is covered by 529 accounts. So far, ...
by remomnyc
Wed Jan 10, 2018 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8336

How much/little money to give kids in will so they continue to work

The "trusts for adult children" thread prompted me revisit our wills. They distribute everything to a trust to pay out 10% at age 25 and the balance at 30 plus health, education, maintenance and support (HEMS). When we made the wills, we didn't have a penny saved for college, The bulk of the estate ...
by remomnyc
Wed Jan 10, 2018 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Sequence of Return Risk impact on Retirement
Replies: 103
Views: 4519

Re: Sequence of Return Risk impact on Retirement

I entered your data into cfiresim.com. Retirement start 2022 (age 62), end 2055 (age 95). Portfolio value $1.6M, 60/40. Spending $60k adjusted for inflation. Rebalance until 2022. Then target asset 100% equities start 2022 (at retirement), end 2030 (8 yrs later, to simulate spending down all bonds)...
by remomnyc
Wed Jan 10, 2018 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Sequence of Return Risk impact on Retirement
Replies: 103
Views: 4519

Re: Sequence of Return Risk impact on Retirement

I entered your data into cfiresim.com. Retirement start 2022 (age 62), end 2055 (age 95). Portfolio value $1.6M, 60/40. Spending $60k adjusted for inflation. Rebalance until 2022. Then target asset 100% equities start 2022 (at retirement), end 2030 (8 yrs later, to simulate spending down all bonds)....
by remomnyc
Sun Jan 07, 2018 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 7805

Re: How much are you putting in a 529?

Goal set 12 yrs ago was $250k per child to pay most of the cost of 4-yr private. Started with $10k/yr/kid contributions and then reduced to $500/mo/kid then to $10k/yr (to match state tax deduction) as balances grew. Child 1: Age 14, contributions $100k, stopped contributing 2 yrs ago, balance $210k...