Search found 107 matches

by skor99
Mon Mar 05, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Here's how much the top 1% of Americans have saved for retirement
Replies: 11
Views: 3350

Here's how much the top 1% of Americans have saved for retirement

https://www.cnbc.com/2017/07/31/how-muc ... ement.html

This shows really low numbers even for the 90th %ile family. True or some vested interest behind this ‘study’ showing low numbers ?
by skor99
Sun Feb 25, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Help! Soon to be Divorced - Filing taxes Separately and potential huge tax burden
Replies: 28
Views: 2562

Re: Help! Soon to be Divorced - Filing taxes Separately and potential huge tax burden

One of the core boglehead principles is to have a spouse who is financially compatible. I believe it is the most important step one can take to ensure financial success in life. Now, all marriages have some disagreements, but the best thing to do would be to try your best and then some more to recon...
by skor99
Mon Feb 19, 2018 7:43 pm
Forum: Investing - Theory, News & General
Topic: What seems to matter
Replies: 25
Views: 3716

Re: What seems to matter

Just my opinion: 2 - helpful, but not necessary. The actual compounding is overrated IMO (the ADDITIONAL return of the return is minor, even over long times, compared to the actual saving and simple return) - of course starting early makes it easier. The whole 'invest early and enjoy compounding' i...
by skor99
Wed Feb 14, 2018 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 17684

Re: Number at which to stop worrying

Thanks for all the responses - very interesting to see some people in the same boat as me and others completely unconcerned. I personally do not worry about the unprobable things much, if somebody has the misfortune to get a disease or accident that proves to be very expensive, then it is bad luck. ...
by skor99
Mon Feb 12, 2018 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 17684

Re: Number at which to stop worrying

amitb00 wrote:
Mon Feb 12, 2018 5:32 pm
What is your expense per year and age?
Late 40s ; $72 K per year approximately
by skor99
Mon Feb 12, 2018 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 17684

Number at which to stop worrying

This is different from other threads which talk about the number for early retirement. I want to continue working for the foreseeable future, but keep thinking at what level of NW could I relax a bit and not worry too much. Family of four in a MCOL area and single earner. Kids yet to go to college. ...
by skor99
Fri Feb 09, 2018 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: 4% rule and early retirement?
Replies: 69
Views: 8872

Re: 4% rule and early retirement?

If not looking at the past, on what do you base your 3-3.5% ? Yep, that's the question and you might not like my answer, but here goes. I'm triangulating into it, looking at the future like this: 1. I believe my grandparents, parents and I have lived during a Golden Age in America. Sure, we had war...
by skor99
Fri Feb 02, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Is it advantageous to have kids in college simultaneously from an aid perspective ?
Replies: 14
Views: 643

Re: Is it advantageous to have kids in college simultaneously from an aid perspective ?

We have two in college--a sophomore at a private university and a freshman at a more expensive community college. Both live on campus. I have seen no advantages from an aid perspective. They are willing to offer loans, which we simply are not interested in at this point. Would there have been more ...
by skor99
Fri Feb 02, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Is it advantageous to have kids in college simultaneously from an aid perspective ?
Replies: 14
Views: 643

Re: Is it advantageous to have kids in college simultaneously from an aid perspective ?

EFC means for all kids in college. If your EFC is $90k, then they expect you'd pay $90k for all of your kids, whether that's one kid ($90k for him alone) or 10 kids in college ($9k average each). So yes, there may be advantage to multiple kids from the perspective of receiving "aid". As others have...
by skor99
Fri Feb 02, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Is it advantageous to have kids in college simultaneously from an aid perspective ?
Replies: 14
Views: 643

Re: Is it advantageous to have kids in college simultaneously from an aid perspective ?

A lower EFC means more loans. Some think that more loans is a win. Others don't see that as a win for a student exiting college. Is it only more loans or more Aid like grants etc. which does not have to be paid back ? Being a boglehead, I obviously do not see a loan as a win, but any aid that does ...
by skor99
Fri Feb 02, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Is it advantageous to have kids in college simultaneously from an aid perspective ?
Replies: 14
Views: 643

Is it advantageous to have kids in college simultaneously from an aid perspective ?

I have been researching college finances and talking to people. Somebody mentioned that the EFC (expected financial contribution) of the family goes down drastically for the second kid onwards, if somebody has 2 or more kids in college together, REGARDLESS of the family’s financial status - meaning ...
by skor99
Sun Jan 28, 2018 11:30 am
Forum: Investing - Theory, News & General
Topic: Personal Capital 10th percentile ?
Replies: 0
Views: 379

Personal Capital 10th percentile ?

If my understanding is correct, this measure projects the measure of situations where only 10% of outcomes have been historically worst. What would be examples of that ? Is the 2008 recession worse than that and/or 2002 or would it just be the Great Depression? Just trying to get a sense of what to ...
by skor99
Wed Jan 24, 2018 5:35 pm
Forum: Investing - Theory, News & General
Topic: What to do with cash now
Replies: 27
Views: 3637

Re: What to do with cash now

But the question is where to put money now with stocks overvalued and bonds risky with rising investment rates ?
by skor99
Wed Jan 24, 2018 5:22 pm
Forum: Investing - Theory, News & General
Topic: What to do with cash now
Replies: 27
Views: 3637

What to do with cash now

I am invested about 60 % in stocks ( 13% international), 15% bonds and about 25% in cash. Some of the cash is in bank accounts that I keep as emergency funds etc. but am wondering what to do with the rest sitting in my brokerage accounts , both regular and retirement. With the market at all time hig...
by skor99
Wed Jan 17, 2018 5:39 pm
Forum: Investing - Theory, News & General
Topic: Recent market gains
Replies: 18
Views: 1677

Re: Recent market gains

Keep in mind there is no money in the market because stocks are not money. What is happening is that the buyers of stocks are transferring money to the sellers of stocks, but there is not more money in total than before. However, that does not change the actual question as to who is giving up money...
by skor99
Wed Jan 17, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: Recent market gains
Replies: 18
Views: 1677

Recent market gains

The question that comes to mind with all the recent very quick market gain is where is the money coming from ? Is this all the stock shunning conservative people suddenly getting bold and shoving money in or is it overseas investors ? People who are already in the market are probably rebalancing OUT...
by skor99
Sun Jan 14, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Firecalc question
Replies: 5
Views: 579

Re: Firecalc question

OK, good to know that. So if Somebody is able to be in The situation that fireCalc gives them 90% or more Success rate with a 3 to 3.5% real ROR , 10% std deviation and 3.5 to 4% SWR , that would probably mean, barring something completely horrible , they should be OK
by skor99
Sun Jan 14, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Firecalc question
Replies: 5
Views: 579

Firecalc question

I have been playing with firecalc recently and am seeing inconsistent behavior with the same set of inputs. With the recent rise in the markets, I am thinking the future rate of growth will not mirror historical trends and the real rate of growth will probably be around 3 to 3.5 % . If I use the his...
by skor99
Thu Jan 04, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: DOW breaks 25,000 for first time ever
Replies: 55
Views: 5716

Re: DOW breaks 25,000 for first time ever

1000 point rise from 24K means much lesser than 1000 from 10K . Are we seeing faster percentage based rises than earlier times now ?
by skor99
Sun Dec 31, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: So, how was the year ? Gains made and Lessons learnt ?
Replies: 76
Views: 7418

Re: So, how was the year ? Gains made and Lessons learnt ?

We've been a single income family since my daughter was born more than 20 years ago. Sounds like the thought of it stresses you a bit perhaps because it is new to you. You get used to it (or at least I have). I am nor sure about what you mean by "can't take chances" - if you have a single income th...
by skor99
Sat Dec 30, 2017 12:40 am
Forum: Investing - Help with Personal Investments
Topic: Is it me or does everything seem expensive?
Replies: 47
Views: 5504

Re: Is it me or does everything seem expensive?

For the people saying everything is cheap, they probably don’t have kids in college and they do not have to purchase medical insurance. People are spending thousands or even tens of thousands more per year than they did just 10 years ago on these items.
by skor99
Fri Dec 29, 2017 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: So, how was the year ? Gains made and Lessons learnt ?
Replies: 76
Views: 7418

Re: So, how was the year ? Gains made and Lessons learnt ?

Don't think you are the only one on the board with a single income. My DW retired when she was laid off 5 years ago. Anyway, this was the first year in more then 6 years that I had to rebalance in bonds due to the rise in stocks. In my case DW has been a homemaker pretty much all the time. By choic...
by skor99
Fri Dec 29, 2017 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: So, how was the year ? Gains made and Lessons learnt ?
Replies: 76
Views: 7418

So, how was the year ? Gains made and Lessons learnt ?

For me it was a good year overall, from a point of view of how my “balanced growth/limited risk” investments did, if not as much from a professional point of view. 3 or 4 more years like this and I can maybe dream of retirement , even somewhat early :-) having had a single income household for most ...
by skor99
Fri Dec 08, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Why am I still scared ? Is it actually normal ?
Replies: 81
Views: 13786

Re: Why am I still scared ? Is it actually normal ?

I came across this thread from last year and see some pretty good discussion on bogle heads, of all people, feeling stressed and scared about money. I would put myself in the same boat somewhat. OP’s 1.6 MM is nothing to be sneezed at ( could be even more now) , but with the future predictions of ev...
by skor99
Sat Dec 02, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Million dollar NW poverty in retirement ?
Replies: 11
Views: 3064

Million dollar NW poverty in retirement ?

https://www.cnbc.com/2017/11/30/even-a-1-million-retirement-nest-egg-isnt-enough-anymore.html Any truth to this or just scaremongering by vested interests ? Per the commonly available statistics, Most people do not have anything close to $1MM and no or very little pensions when they retire and yet t...
by skor99
Sun Oct 29, 2017 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3393

Re: Patient but not that lucky

It is unlikely that we would have invested enough in AMZN, GOOG, APPL, FB, etc to make a difference in our life...they would only have a small allocation in our portfolio. It is unlikely that we would have held these throughout their ups and downs. Would we have sold when we had a 10%, 20% or 50% g...
by skor99
Sat Oct 28, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3393

Re: Patient but not that lucky

Those individual stocks comprise around 15% of my portfolio and they are there, because per my research,I expected them to do relatively better as compared to the generic index fund. Those are stable big names so no FB like returns, but still have done better thus far than my index funds. Now, as we...
by skor99
Sat Oct 28, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3393

Re: Patient but not that lucky

I am always on the lookout though of the next AMZN type though. No, I don't think like that. We have (mostly) broad index funds and accept Market returns. Consistent saving over decades has made us pretty lucky. :wink: I fully agree and follow the same approach. It is what is left after the 'mostly...
by skor99
Sat Oct 28, 2017 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3393

Re: Patient but not that lucky

I actually do not expect any of them to triple anytime soon. Most of my stock holdings now are the slow stable big name types that pay a dividend. I am always on the lookout though of the next AMZN type though. I have gotten somewhat lucky with FB ( 2.5x now ) but it was a smallish investment and I...
by skor99
Sat Oct 28, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3393

Re: Patient but not that lucky

I actually do not expect any of them to triple anytime soon. Most of my stock holdings now are the slow stable big name types that pay a dividend. I am always on the lookout though of the next AMZN type though. I have gotten somewhat lucky with FB ( 2.5x now ) but it was a smallish investment and I ...
by skor99
Sat Oct 28, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3393

Re: Patient but not that lucky

OP, I was lucky that I lost 50% of my whole life savings 10+ years ago by gambling on the individual stocks. There was enough time for me to learn my lesson and recover from my mistake. It looks like you may not be as lucky. You had yet to suffer your big loss and learned from your lesson. KlangFoo...
by skor99
Sat Oct 28, 2017 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 20853

Re: Early-retired 35 year old with $1 million

It would seem a little counter intuitive, but having 1 MM at age 65 is better than 1 MM at 35 if you want to quit working. You still have many years to live and 1 MM in all probability will not cut it. Also IMO, it is tough to get back in the job market after a big gap in most professions. So unless...
by skor99
Sat Oct 28, 2017 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3393

Re: Patient but not that lucky

If you are going to gamble on the Nasdaq and tech stocks then you need a lot of luck. I have never had a lot of luck so I don't gamble (anymore). Buy and hold funds or ETFs that cover the entire domestic stock/international stock/bond universe plus some cash reserves and then be patient and take wh...
by skor99
Sat Oct 28, 2017 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3393

Patient but not that lucky

As I was looking at the rally in Nasdaq and the tech stocks yesterday, I started thinking back to the late 1990s and early 2000s and also to the 08-09 crash. It is said that the main thing one must have to invest in the stock market is patience. Being lucky is another that is not mentioned as much. ...
by skor99
Tue Oct 24, 2017 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Who's got too much RE in India ??. Time to cash out??
Replies: 31
Views: 3381

Re: Who's got too much RE in India ??. Time to cash out??

I work in a large company and have many colleagues originally from India as colleagues. Some of them own RE in India and they talk about some of the same issues that you mention. It is hard to handle RE remotely even in the US, let alone a country 12 time zones away. A couple of them say that they h...
by skor99
Wed Oct 11, 2017 8:01 am
Forum: Investing - Theory, News & General
Topic: Cash on the sidelines impact ?
Replies: 14
Views: 1822

Re: Cash on the sidelines impact ?

The insinuation in the article was that this could be positive for the markets, but since I do not only read what I believe and don't believe everything I read, hence the question :-)
by skor99
Wed Oct 11, 2017 7:40 am
Forum: Investing - Theory, News & General
Topic: Cash on the sidelines impact ?
Replies: 14
Views: 1822

Cash on the sidelines impact ?

I was reading an article on cnbc and noticed the following - One of the greatest problems we still have in the world is how much money is sitting on the sideline," Fink said. "Even in places like Japan, there's $5 trillion in cash earning negative return. In Germany 72 percent of savings are in bank...
by skor99
Mon Oct 09, 2017 2:21 pm
Forum: Investing - Theory, News & General
Topic: Dividends growing at higher rates than inflation?
Replies: 9
Views: 943

Dividends growing at higher rates than inflation?

I have been looking at my dividend data from all my equity as well as bond holdings and see that in aggregate it has been growing between 6-10% per year - at an average of about 7.5 % . That is much higher than inflation. Am I missing something or are other folks seeing the same thing ? Also, what d...
by skor99
Wed Sep 20, 2017 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 28409

Re: Calling out the not so rich bogleheads

To all those posters who are trying to say that I was somehow trying to hide or downplay my financial status, I would ask to go through this thread and you will see that I have already mentioned in one of my posts that I feel fortunate to be in the two comma club. I did start off from zero, and the ...
by skor99
Tue Sep 19, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 28409

Re: Calling out the not so rich bogleheads

Is it only me or are the non LBYM people hidden in plain sight ? Pretty much everybody I know at work or otherwise seems to be the responsible kind, saving and investing as much as they can. Sure, some people drive the expensive cars but I believe they have a net worth to match those cars. The most ...
by skor99
Tue Sep 19, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 28409

Re: Calling out the not so rich bogleheads

Thanks to all for the responses. The basic intent was to bring out the silent ones who actually might be in the majority, but are too intimidated to speak up. I am fortunate enough to be in the two comma club now in my late 40s, but I started from zero in my 20s. I was putting myself in the place of...
by skor99
Mon Sep 18, 2017 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 28409

Calling out the not so rich bogleheads

I have been an avid follower of this forum for quite some time now and would firstly like to say there's nothing quite like it anywhere on the web. It provides so much useful information on so many different things that I would rate it as one of the most useful websites as it pertains to investing a...
by skor99
Sun Sep 17, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 21634

Re: Let's talk about your FI # and family income

Shouldn't age be a big consideration as well ? $2MM sounds like a reasonable FI#, but it is much better to have $2 MM at age 65 than 45, if somebody wants to stop working at those ages. Quitting work at 45 would mean a much lower SWR , especially if you have teenage kids ready to go to college.
by skor99
Mon Sep 11, 2017 4:30 pm
Forum: Personal Consumer Issues
Topic: New/used compact car
Replies: 9
Views: 750

Re: New/used compact car

Overall price and safety are the most important factors for me. Civics are very good cars on those points as well, but having a little bit more fun in a compact car is not that high on my list. I did check the price of used corollas on carmax and other sites and am seeing prices Like 14K for a 2014 ...
by skor99
Mon Sep 11, 2017 2:53 pm
Forum: Personal Consumer Issues
Topic: New/used compact car
Replies: 9
Views: 750

Re: New/used compact car

I would agree with you if those features were cosmetic in nature, but in the corolla these are automatic braking/pedestrian detection, Lane change warning etc. Somebody I know told me that the automatic braking feature has saved him from an accident already that he would have been at fault, so not s...
by skor99
Mon Sep 11, 2017 2:32 pm
Forum: Personal Consumer Issues
Topic: New/used compact car
Replies: 9
Views: 750

New/used compact car

Hello, I am considering buying a new or a used compact car and as a true boglehead would do :-) , I am comparing prices and value offered. I have been looking at the usual suspects honda Civic, Mazda 3, totota corolla etc. 2017 corolla seems to be a good buy with the redesign and inclusion of severa...
by skor99
Sun Sep 10, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Social Security bend points/early retirement estimates
Replies: 17
Views: 3413

Re: Social Security bend points/early retirement estimates

Yes, I tried that but for some reason it would not install. I think I am Ok for now with getting a general idea of what would my benefit at FRA be, in the hypothetical case of me not contributing anything to SS after this year (~$2200) . The numbers would only get better for future years worked.
by skor99
Sun Sep 10, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Social Security bend points/early retirement estimates
Replies: 17
Views: 3413

Re: Social Security bend points/early retirement estimates

... your bend points are not applied yearly . ... at age 60 your Adjusted Indexed Monthly Earnings (AIME) are calculated from your 35 highest wage index adjusted SS earning years. ... your Primary Insurance Amount (PIA) can be calculated from your AIME and the appropriate bend points. This is when ...
by skor99
Sat Sep 09, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Social Security bend points/early retirement estimates
Replies: 17
Views: 3413

Social Security bend points/early retirement estimates

I used an excel based calculator to calculate bend points based on my SS contributions over the years. The calculator shows me that I reached my second bend point this year and any remaining benefits would accrue @ approx 15% going forward. Also, it shows a benefit level of around $2170 in today's d...