Search found 2133 matches

by sschullo
Sun Apr 23, 2017 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Amended tax return question - what to include?
Replies: 2
Views: 157

Re: Amended tax return question - what to include?

Mail in the amended return as soon as possible. This way you will get your refund sooner. You must mail in the amended return along with explanation and/or documents. No need to wait. I made a mistake and mailed in an amended form ASAP. They will look at it and send you a letter if you owe more tax...
by sschullo
Sun Apr 23, 2017 4:53 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodby."
Replies: 300
Views: 26892

Re: Larry Swedroe says "Goodby."

davidkw wrote:Larry's books are the best. The Only Investment Guide to a Winning Investment Strategy that You Will Ever Need was one of the first investment books that I read, and it taught me plenty,


Read it too, and also learned a lot about bonds.
by sschullo
Sun Apr 23, 2017 4:48 am
Forum: Investing - Help with Personal Investments
Topic: 403B
Replies: 12
Views: 476

Re: 403B

Hi Akinyi, I used TIAA's: 1. International Equity Index 2. Equity Index (U.S. domestic) 3. Bond fund The trick is to allocation a balance between bonds and equities (stocks) according to your risk tolerance and need to use the money. In my situation, I did not use TIAA cref until my middle 50s, near...
by sschullo
Fri Apr 21, 2017 6:27 pm
Forum: Investing - Theory, News & General
Topic: Single most important investing advice?
Replies: 64
Views: 4146

Re: Single most important investing advice?

Two levels of most important investing advice: 1. Learn the craft: the nuts, and bolts of constructing a simple and easy to understand portfolio, the Boglehead way. 2. Only after number 1 is constructed: Learn thyself, your psychology. Discover your risk tolerance. This is 10x more difficult that yo...
by sschullo
Thu Apr 20, 2017 8:15 am
Forum: Personal Finance (Not Investing)
Topic: CA State Tax Refund ~ 3 Month Processing Time
Replies: 19
Views: 1400

Re: CA State Tax Refund ~ 3 Month Processing Time

Got mine weeks ago, within a week or ten days after filling.
by sschullo
Thu Apr 20, 2017 8:12 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodby."
Replies: 300
Views: 26892

Re: Larry Swedroe says "Goodby."

Larry, Thanks for all your posts and your review of my book. What Wall Street Doesn't Want you to Know , was one of my first books I read that opened my eyes to how Wall Street works. I am saddened and surprised that your experience happens on this site. The M* forums are so much worse. Little ole m...
by sschullo
Wed Apr 19, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 102
Views: 12367

Re: Great 403b for teachers?

If the NEA really wanted to help us, they would not promote a company that sells their membership variable annuity products. Instead, they would have Vanguard or Fidelity as the company on their website selling their products. I believe this would make it easier to have those options added to our c...
by sschullo
Wed Apr 19, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 102
Views: 12367

Re: Great 403b for teachers?

This is an effort to improve investment options and provide transparency about costs of options in 403b plans at the national level. "The 403(b) Model Disclosure Form, as it’s called, will set transparency standards and give school employees a comparison of their investment options and the fee...
by sschullo
Wed Apr 19, 2017 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 102
Views: 12367

Re: Great 403b for teachers?

I appreciate the responses but they're disheartening because it sounds like you're saying that the institutions are so broken that the only solution is a mass (education) movement for OCPS employees. I plan to push forward on that front but that is a steep uphill battle relative to convincing a sel...
by sschullo
Mon Apr 17, 2017 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 102
Views: 12367

Re: Great 403b for teachers?

Just wanted to share my experience: 1. After extensive research and dealing with awful sales reps, I discovered NEA DirectInvest was the best option for my wife. 2. We filled out the paper work to enroll and thought we were done. 3. The Orange County School Board (Fl) contacted my wife and told her...
by sschullo
Sun Apr 16, 2017 8:36 am
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 10626

Re: My kids don't care about saving

Give your kids a break. They are still young. While this forum has many participants their age who are saving a lot of money that is not the norm. It sounds like you raised responsible children who have good jobs and aren't living in your basement. They are now adults and they aren't asking you for...
by sschullo
Sun Apr 16, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Why would anyone want to buy bond funds?
Replies: 92
Views: 8789

Re: Why would anyone want to buy bond funds?

bottlecap wrote:By that logic, it's a bad time to buy stocks as well.

Good luck,

JT


If a young worker is starting in a tax-deferred retirement plan, a market crash would be a great time to start.
by sschullo
Sun Apr 16, 2017 7:08 am
Forum: Investing - Theory, News & General
Topic: Is Bogle's investment style too aggressive?
Replies: 13
Views: 2546

Re: Is Bogle's investment style too aggressive?

Aggressive vs conservative brings long discussions. Bogle says all the time, pay attention to a realistic return, not speculation. I don't have minibonds because my income is not high enough. My 70% bond allocation saved my portfolio through the 2008 crash. It was a former prolific poster here, Adri...
by sschullo
Wed Apr 12, 2017 5:37 pm
Forum: Personal Consumer Issues
Topic: Best way to expand my vocabulary?
Replies: 102
Views: 5116

Re: Best way to expand my vocabulary?

Something that has helped me is to always look up words I do not know when I am reading. If you have a Kindle, you can tap words and it will bring up the dictionary definition. For online reading, just type in "define <word>" in Google. And Amazon's Alexa defines and spells words too, jus...
by sschullo
Wed Apr 12, 2017 5:34 pm
Forum: Personal Consumer Issues
Topic: Best way to expand my vocabulary?
Replies: 102
Views: 5116

Re: Best way to expand my vocabulary?

Phineas J. Whoopee wrote:
It will take a long time.

PJW

Yep, a lifetime. Still learning new words.
by sschullo
Wed Apr 12, 2017 8:16 am
Forum: Investing - Help with Personal Investments
Topic: 403(b) Option Help
Replies: 28
Views: 1139

Re: 403(b) Option Help

I don't have a lot of assistance to provide, but I just wanted to say I feel your pain. Fortunately(?) I only have four providers to wrestle information out of, but they do make it difficult. I just sent the same email to each provider, clearly stating that I have all the information I need except ...
by sschullo
Mon Apr 10, 2017 10:10 am
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 178
Views: 22087

Re: What rate of return do you use when planning for retirem

Will do good wrote:I choose 3%-3.25%. I think this is too conservative, but I'm a chicken.


I use as low as 3% to as high as 5%. Remember most Bogleheads don't spend money on advice, and you have to pay either ordinary or capital gains taxes and stay ahead of inflation. 3% is not going to be enough IMO.
by sschullo
Sun Apr 09, 2017 9:20 am
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 5813

Re: Economics of Charging an Electric Car

. But it's not about Musk or Bogle, it's about their IDEAS! Most of us here are grateful that St Jack was successful, I would hope that people want Tesla to be successful too. Yes. It's worth remembering how many great ideas fail. Steam cars did, and they had clear advantages over ICE cars. Tesla d...
by sschullo
Sun Apr 09, 2017 6:38 am
Forum: Investing - Theory, News & General
Topic: Vanguard Taking-In $2 Billion a Day in New Cash
Replies: 30
Views: 4901

Re: Vanguard Taking-In $2 Billion a Day in New Cash

Now I don't feel so guilty, not that I really was! I took about 17% of my 7 figure money out of Vanguard last fall. I had TIAA dust off an old 403(b) account I had with my former employer Los Angeles Unified. I wanted a stable value type fund and TIAA had the 3.0% guaranteed fixed account. I wanted ...
by sschullo
Sat Apr 08, 2017 8:51 am
Forum: Investing - Theory, News & General
Topic: Where to go for free or low cost advice?
Replies: 23
Views: 1922

Re: Where to go for free or low cost advice?

epictetus wrote:Vanguard's Personal Advisory Service at .30 cost


+1 or if you have enough assets, a Certified Financial Planner is available for free. I got excellent assistance to compliment what I already knew about portfolio construction.
by sschullo
Fri Apr 07, 2017 8:04 am
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 5813

Re: Economics of Charging an Electric Car

. But it's not about Musk or Bogle, it's about their IDEAS! Most of us here are grateful that St Jack was successful, I would hope that people want Tesla to be successful too. Yes. It's worth remembering how many great ideas fail. Steam cars did, and they had clear advantages over ICE cars. Tesla d...
by sschullo
Fri Apr 07, 2017 6:09 am
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 5813

Re: Economics of Charging an Electric Car

It was a surprise to me. As I don't know this business. I told my service manager that Vanguard treats its customers the same way as Tesla. The car doesn't require gazillion parts for inventory storage in the first place! The risk of recalls is low because of the simplicity throughout. To my knowle...
by sschullo
Thu Apr 06, 2017 2:54 pm
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 5813

Re: Economics of Charging an Electric Car

I think most Bogleheads would like a very interesting conversation with my Tesla service manager. The service manager used to work for a Mercedes dealership. As the service manager at Mercedes he was always under pressure to provide extra service and sell parts that the customer did not need. He me...
by sschullo
Thu Apr 06, 2017 11:27 am
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 5813

Re: Economics of Charging an Electric Car

Only considering the fuel costs, then yes your 31.8 MPG Crosstrek costs the same as an electric car would. The electric car is still 3x more energy efficient than the Crosstrek though. For most consumers though, energy efficiency is probably less of a priority than the costs of fuel. +1 in five yea...
by sschullo
Wed Apr 05, 2017 10:20 am
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 5813

Re: Economics of Charging an Electric Car

Only considering the fuel costs, then yes your 31.8 MPG Crosstrek costs the same as an electric car would. The electric car is still 3x more energy efficient than the Crosstrek though. For most consumers though, energy efficiency is probably less of a priority than the costs of fuel. +1 in five yea...
by sschullo
Wed Apr 05, 2017 9:39 am
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 5813

Re: Economics of Charging an Electric Car

+1 in five years, with 31,000 miles on my Leaf, I had NO filthy oil changes, no tune-ups, no transmissions, not even the 12-volt battery was replaced. I had problems with the brakes in my Leaf just one year into ownership. I had to have brake pads replaced. The car would shake when making a stop wi...
by sschullo
Wed Apr 05, 2017 9:35 am
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 5813

Re: Economics of Charging an Electric Car

19 cents/Kwh is a high electricity rate, so I think that is the issue. I pay around 7 cents here in Illinois. Edison charges 14 cents. I guess it depends what you include also. I just pulled up my bill. I was quoting the electricity rate only. There is a delivery charge too of around 3 cents a kWh....
by sschullo
Tue Apr 04, 2017 10:28 am
Forum: Investing - Theory, News & General
Topic: Early retirees - how did you inform your loved ones and friends?
Replies: 54
Views: 5560

Re: Early retirees - how did you inform your loved ones and friends?

jebmke wrote:
sschullo wrote: the biggest scare of all for humans--change.

worse than snakes? I doubt it.


Ok, how about "lions, tigers and bears?"
by sschullo
Tue Apr 04, 2017 9:25 am
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 5813

Re: Economics of Charging an Electric Car

$2.10 per gallon, $0.198 /kWH so 31.8 MPG equivalent. So makes no sense for electric for me. I get that in our AWD Subaru Crosstrek. A new $18k Impreza would blow that number out of the water and still get up my driveway. Only considering the fuel costs, then yes your 31.8 MPG Crosstrek costs the s...
by sschullo
Tue Apr 04, 2017 9:05 am
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 5813

Re: Economics of Charging an Electric Car

michaeljc70 wrote:19 cents/Kwh is a high electricity rate, so I think that is the issue. I pay around 7 cents here in Illinois.

Edison charges 14 cents.
by sschullo
Tue Apr 04, 2017 8:34 am
Forum: Investing - Theory, News & General
Topic: Early retirees - how did you inform your loved ones and friends?
Replies: 54
Views: 5560

Re: Early retirees - how did you inform your loved ones and friends?

My department held a party for the few of us who were retiring, but that was it. I was out of Los Angeles and into the desert. This doesn't mean that I took the decision lightly. Retirement is a huge life change but it really doesn't involve others. It involves reinventing yourself, and the biggest ...
by sschullo
Sun Apr 02, 2017 9:29 am
Forum: Personal Consumer Issues
Topic: What career helped you become wealthy?
Replies: 75
Views: 8429

Re: What career helped you become wealthy?

One thing to remember is that no career, however high-paying, will help you become wealthy if you don't first establish good financial habits and prioritize savings. Yeah, there are many books about lotto winners, professional athletes and other high paying elite professionals who had tens of milli...
by sschullo
Sun Apr 02, 2017 8:55 am
Forum: Investing - Theory, News & General
Topic: Personal experience over time? [How far from retirement, time spent investing]
Replies: 31
Views: 3022

Re: Personal experience over time? [How far from retirement, time spent investing]

Retired in 2008, at age 61 and been using the passive strategy since 2004, after a huge meltdown from the tech mania and crash. I have had a 30/70 stock bond split for most of the last 13 years. This strategy worked fine during 2008 and 2009 and got average returns since 2009.
by sschullo
Sun Apr 02, 2017 8:44 am
Forum: Personal Consumer Issues
Topic: Help me respond to an angry insurance agent!
Replies: 38
Views: 4073

Re: Help me respond to an angry insurance agent!

Same thing happened to me only with tile installation for my home. Never contact the professional and tell them you went to another installer. He was angry. Simply ignore the folks that you did not choose and move on. If you don't call them back, most small business owners of any business get the m...
by sschullo
Sun Apr 02, 2017 7:28 am
Forum: Personal Consumer Issues
Topic: Help me respond to an angry insurance agent!
Replies: 38
Views: 4073

Re: Help me respond to an angry insurance agent!

Same thing happened to me only with tile installation for my home. Never contact the professional and tell them you went to another installer. He was angry. Simply ignore the folks that you did not choose and move on. If you don't call them back, most small business owners of any business get the me...
by sschullo
Sun Apr 02, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 143
Views: 7966

Re: When do you plan to die?

Thesues wrote:Per my current projection I plan to die at 95. I run out of money then :)


I will have enough money to last for a long time. But getting there? I turn 70 soon, and I have already had cancer at 53. I am fine now, but don't know.
by sschullo
Tue Mar 28, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: How to easily organize personal finances
Replies: 31
Views: 2391

Re: How to easily organize personal finances

My setup is so simple, any 12 year-old or my grandmother who only spoke Italian and died in 1938 could understand. I use a combination of SS and M* to organize my holdings so I can track my portfolio. I also use Vanguard's portfolio analyzer and have used their CFP advisers a couple of times to help...
by sschullo
Fri Mar 24, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Are Bogleheads in the minority on the use of investment advisors?
Replies: 86
Views: 5302

Re: Are Bogleheads in the minority on the use of investment advisors?

fourwheelcycle All I know is that Bogleheads are a tiny part of the investing population and that I am extremely fortunate that I know how to find and use low-cost strategies and be a DIYer. It is very surprising that people with many more talents than me find the financial language, concepts, long-...
by sschullo
Wed Mar 22, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: Active Bond Funds Holding Their Own
Replies: 20
Views: 1453

Re: Active Bond Funds Holding Their Own

One huge difference between equity and bond index funds is that there is very low turnover in equity index funds but generally relatively high turnover in bond index funds. And the high turnover in bond index funds is that each day some bonds mature and have to be swapped out to purchase new issues...
by sschullo
Wed Mar 22, 2017 11:07 am
Forum: Investing - Theory, News & General
Topic: Active Bond Funds Holding Their Own
Replies: 20
Views: 1453

Re: Active Bond Funds Holding Their Own

One huge difference between equity and bond index funds is that there is very low turnover in equity index funds but generally relatively high turnover in bond index funds. And the high turnover in bond index funds is that each day some bonds mature and have to be swapped out to purchase new issues.
by sschullo
Mon Mar 20, 2017 8:55 am
Forum: Investing - Theory, News & General
Topic: Bogle Interview CNN - Sat.
Replies: 71
Views: 4898

Re: Bogle Interview CNN - Sat.

The giant speaks again! Love this man.
by sschullo
Fri Mar 17, 2017 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: 403b plans for K-12 public school employees
Replies: 4
Views: 253

Re: 403b plans for K-12 public school employees

Thanks, Krow36. This is wonderful.
Steve
by sschullo
Fri Mar 17, 2017 5:59 pm
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 169
Views: 36240

Re: "Predicting the Past"

Can anyone tell (and convince) me which fund is the best? flyingaway: No one can tell you which fund will turn out to be best because no one can predict the future . Lot's of investors try to figure out which fund or funds will beat the market by using figures from past performance or with complex ...
by sschullo
Fri Mar 17, 2017 4:39 pm
Forum: Local Chapters and Bogleheads Community
Topic: Online group meetings via web conference? [Virtual online chapter]
Replies: 31
Views: 2507

Re: Virtual boglehead meeting?

DartThrower wrote:I know an organization that has had good success with Zoom.

https://zoom.us/

And then of course there's skype, gotomeeting and webex. I'm sure there are many forum members with expertise in these and possibly others.


Zoom is great. Used it with my shrink aka life coach.
by sschullo
Tue Mar 14, 2017 9:59 am
Forum: Investing - Theory, News & General
Topic: Who has the cheapest funds? It’s more complicated than you think
Replies: 27
Views: 2904

Re: Who has the cheapest funds? It’s more complicated than you think

Let me get this straight, the 1 basis point tracking error and .29% trading difference between VG and Fidelity index funds makes this more "complicated than you imagined?" Seriously? Darn, I thought I had this figured out.
by sschullo
Sat Mar 11, 2017 6:48 pm
Forum: Personal Consumer Issues
Topic: How to Die
Replies: 167
Views: 23356

Re: How to Die

Thanks to the OP for sharing this article. This is not an easy topic. This powerful article, "How Doctors Die" shows how some of our medical doctors who do not want to get caught up in the medical system and suffer more. I have gone through the end of life with two people that I loved, my ...
by sschullo
Thu Mar 09, 2017 7:43 am
Forum: Investing - Theory, News & General
Topic: Does anyone own gold?
Replies: 114
Views: 9100

Re: Does anyone own gold?

cheese_breath wrote:Not unless there's some gold stock in my TSM index fund.


Same here. I am perfectly happy owning it my TSM index fund.

Dozens of gold threads here. Debate goes on and on.
by sschullo
Mon Mar 06, 2017 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Think I'm ready, but not overly confident
Replies: 28
Views: 2907

Re: Think I'm ready, but not overly confident

As your expenses will be covered by pension/SS, I imagine that I'm not the only one wondering what exactly is your source of uncertainty. fear of the unknown is always difficult: Yeah, the poor worried about money, but according to this article (and probably many others as well) 69% of the rich wor...
by sschullo
Sat Mar 04, 2017 8:22 am
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 121
Views: 13932

Re: NY Times first in a series about 403(b)s with public K-12

NY Times is at it again. This time by Ron Leiber. :D The Times is on a roll to break up the annuity monopoly with public k-12 school districts. If they keep publicizing this mess, perhaps more or my colleagues, our public school teachers will finally discover that their annuity agent might not be lo...

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