Search found 6294 matches

by tibbitts
Sat Jan 14, 2017 7:20 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 104
Views: 9105

Re: "Millennials may need to double how much they save for retirement"

baw703916 wrote:
livesoft wrote:^Clearly, everyone should join the military and not get drummed out by doing well in it.


Good idea. Ideally everyone should make Captain/Colonel.

This is the bogleheads forum: we don't tolerate such low aspirations around here.
by tibbitts
Sat Jan 14, 2017 4:14 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 104
Views: 9105

Re: "Millennials may need to double how much they save for retirement"

One of the problems with assumptions on this forum is that the frequently assumed lower investment returns going forward are going to happen in isolation - that decreasing salaries and benefits, and probably decreasing opportunities for any kind of employment for typical older workers (50? 45?) won'...
by tibbitts
Sat Jan 07, 2017 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Taking Some Money Off the Table
Replies: 22
Views: 2266

Re: Taking Some Money Off the Table

In a few months I will owe capital gains tax after selling shares of VTSAX in my taxable acccount to buy my house outright. And I will owe income tax on my 2016 IRA distributions. Total tax around $12K. Please tell me why I shouldn't take some money off the table now to pay these taxes while the ma...
by tibbitts
Fri Jan 06, 2017 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: 8.5% for 2016. Can I do better????
Replies: 27
Views: 4571

Re: 8.5% for 2016. Can I do better????

Ticker Name Allocation FSEVX Fidelity Extended Market Index Fund - Premium Class (mid-cap blend) 10.00% FSSVX Fidelity Small Cap Index Fund - Premium Class (small blend) 10.00% ... FSTVX Fidelity Total Market Index Fund - Premium Class (large blend) 20.00% Dont these 3 have significant overlap? so ...
by tibbitts
Tue Dec 27, 2016 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: online roth conversion in mutual fund account
Replies: 6
Views: 375

Re: online roth conversion in mutual fund account

I eventually got through to VG and couldn't reproduce my problem when running through it over the phone. Initially I didn't get the page that allows checking the box for no withholding, it just took out 10% automatically.

Thanks for the replies. Problem solved.
by tibbitts
Tue Dec 27, 2016 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: online roth conversion in mutual fund account
Replies: 6
Views: 375

online roth conversion in mutual fund account

Has anyone performed an online Roth conversion in a VG mutual fund (not brokerage) account and avoided having tax withholding done automatically?

I would ask VG, but that might not be possible given the obvious time constraints.
by tibbitts
Sun Dec 25, 2016 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Are my parents in good hands with this adviser?
Replies: 88
Views: 6612

Re: Are my parents in good hands with this adviser?

If OP is still around, and his parents let him look at a statement, he can compile and post the list of funds and expenses. If they won't let him look that close, they are not really ready to accept his help. From personal experience I know that being willing, even eager, to share statements may no...
by tibbitts
Fri Dec 23, 2016 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Are my parents in good hands with this adviser?
Replies: 88
Views: 6612

Re: Are my parents in good hands with this adviser?

I was in a very similar situation as the OP so I'm aware that it can be frustrating, and yes, it can result in likely (but not certain) losses of large amounts of money vs. what "might have been" - easily half of a SWR or more. In my case I provided Boglehead-approved suggestions, even acc...
by tibbitts
Fri Dec 23, 2016 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Are my parents in good hands with this adviser?
Replies: 88
Views: 6612

Re: Are my parents in good hands with this adviser?

I disagree with most of the posts here. It would take you months of full-time work to truly analyze the risk-adjusted performance of the moving-target portfolio they owned vs. the benchmarks suggested here, to the extent that you could have counterpoints to every possible argument. One issue is whet...
by tibbitts
Sat Dec 17, 2016 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 1.25% 11 month with no EWP
Replies: 76
Views: 8442

Re: Ally Bank 1.25% 11 month with no EWP

Thanks for posting that. Seems like there's no disadvantage vs. keeping money in the 1% savings?
by tibbitts
Tue Dec 13, 2016 7:28 pm
Forum: Personal Consumer Issues
Topic: How Does Hospice Work?
Replies: 38
Views: 3616

Re: How Does Hospice Work?

I have some non-medical questions about how hospice care works. We have a family member who has been on home hospice care since August for an aggressive, inoperable cancer. The patient was moved to a nursing home recently as she could no longer be cared for at home. Cost to the family is about $11,...
by tibbitts
Tue Dec 13, 2016 8:47 am
Forum: Investing - Theory, News & General
Topic: Actively trading mutual funds
Replies: 35
Views: 2735

Re: Actively trading mutual funds

You do realize that almost nobody here follows strategies similar to yours? That's not saying there's anything wrong with them, but you'll find a lot more interest discussing them on almost any other financial forum.
by tibbitts
Fri Dec 02, 2016 8:38 pm
Forum: Personal Consumer Issues
Topic: 8mm Video Camera
Replies: 13
Views: 830

Re: 8mm Video Camera

I agree with others - unless he is asking to "go retro" you might simply be buying him a piece of equipment he'll never use or that will require him to simply go through an extra step in his workflow to convert to digital. For still photography I recently toured a campus where they still ...
by tibbitts
Fri Dec 02, 2016 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Help! How are we doing?
Replies: 14
Views: 995

Re: Help! How are we doing?

By Boglehead standards you're a C. By normal people standards, an A. Compared to having kids, or not, none of the things people have discussed in this thread will matter.
by tibbitts
Sat Nov 26, 2016 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Market Strategy Now
Replies: 24
Views: 4202

Re: Bond Market Strategy Now

Thanks for all the great feedback, advice and insights. I plan to stay the course with my AA. One of the questions asked of me is how much I plan to withdraw during retirement. My goal is to reach $3MM and then withdraw 4% annually - so about $120k - without drawing down the principle. I'm almost c...
by tibbitts
Thu Nov 24, 2016 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Joint accounts with kids
Replies: 34
Views: 2758

Re: Joint accounts with kids

I've gone through this social security number access issue lately and I believe it's okay, and in fact important, to use someone's social security number for beneficiary designations. As far as I know that's entirely harmless. Or at least I hope so. Specifying a beneficiary is entirely different th...
by tibbitts
Tue Nov 22, 2016 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Joint accounts with kids
Replies: 34
Views: 2758

Re: Joint accounts with kids

My DH's father did that with my DH without telling him after we had been married a long time and had kids. Actually he bought one stock, but it's the same concept. He figured he would manage it so we wouldn't be bothered by mail from his brokerage house. He told us about it the next time we visited...
by tibbitts
Tue Nov 22, 2016 11:17 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard Inflation-Protected Securities Is a Top Pick."
Replies: 23
Views: 3560

Re: "Vanguard Inflation-Protected Securities Is a Top Pick."

... I honestly have no idea how a retiree survives with this fund or makes it work. There has been close to ZERO in terms of cash flows from dividends! Hard to pay the bills with that (i.e. "Income Risks") as Jack Bogle has said. Sorry for the snark, but you do realize this is equivalent ...
by tibbitts
Tue Nov 22, 2016 10:13 pm
Forum: Investing - Help with Personal Investments
Topic: Wealth advisory services
Replies: 68
Views: 4563

Re: Wealth advisory services

OP, Reading between the lines, I think you missed the point. Your wife sacrificed by you working and not being there. You both finally have a windfall and now you are telling her to sacrifice more. What are her goals? What does she want? What is the next step in her life? You want a good marriage c...
by tibbitts
Tue Nov 22, 2016 10:09 pm
Forum: Investing - Theory, News & General
Topic: another question for the pro SCV crowd
Replies: 10
Views: 871

Re: another question for the pro SCV crowd

You are in luck since you don't have to decide between SCV and MCV when you buy VBR. You get a two-fer. Thats sort of how I came across this. I thought if everyone is down on VBR because it's not small enough, what happens if you have a mid cap effect ... The same thing that happens if you have a s...
by tibbitts
Tue Nov 22, 2016 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Where to park stacks of $$$
Replies: 11
Views: 1344

Re: Where to park stacks of $$$

Hello, I am currently stacking cash for my son's college tuition next year and for the next 4 years. (about 20-100 K) Do you think it wise to store the cash in a MMA for the next few years or is it better to literally keep it "under the mattress" If in a MMA, do you recommend something li...
by tibbitts
Tue Nov 22, 2016 6:36 pm
Forum: Investing - Theory, News & General
Topic: What does a bond bear market look like?
Replies: 91
Views: 8494

Re: What does a bond bear market look like?

The chart in longinvest's post shows real inflation adjusted returns on a 5 year duration bond portfolio and stock portfolio over the 16 years from 1966 - 1981. Both were negative in real returns over the 16 year time span. Frankly I don't find it very reassuring that in a moderate/severe inflation...
by tibbitts
Tue Nov 22, 2016 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Wealth advisory services
Replies: 68
Views: 4563

Re: Wealth advisory services

It occurs to me that some numbers are needed here, namely the amount the OP suggests is reasonable for spending yearly or monthly, and how much different is that than the spouse? Maybe the OP is at 1% and spouse is at 10%. Or maybe it's 3% vs. 4%. We need to know the scale of the problem. Since the ...
by tibbitts
Sun Nov 20, 2016 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: Wealth advisory services
Replies: 68
Views: 4563

Re: Wealth advisory services

I was in a similar boat at one point in my life, a little younger than you. I told my SO that we could spend 2.5% of what we have saved (our calculated SWR resulting in no capital depletion). It was around $250k pre tax. Life was great and keeps getting better. I pay for housing and common expenses...
by tibbitts
Sun Nov 20, 2016 11:17 am
Forum: Personal Consumer Issues
Topic: linux versus Mac for the average PC user
Replies: 58
Views: 3005

Re: linux versus Mac for the average PC user

I think that if you took two people who never had seen a computer and introduced them to ubuntu and windows, they would find ubuntu easier. The only reason people find it more difficult is because we have generally grown up on windows. Every time I go back and do something on windows I can't help b...
by tibbitts
Sun Nov 20, 2016 10:49 am
Forum: Investing - Help with Personal Investments
Topic: Wealth advisory services
Replies: 68
Views: 4563

Re: Wealth advisory services

Because at the end of the day, our continued status as "wealthy people" isn't really going to be driven by how well our investments perform, but rather how much of them we spend. I would take issue with the declaration that you are "wealthy people". You are very well off, maybe ...
by tibbitts
Sun Nov 20, 2016 10:39 am
Forum: Personal Consumer Issues
Topic: linux versus Mac for the average PC user
Replies: 58
Views: 3005

Re: linux versus Mac for the average PC user

I have been very happy with my experience with the apple platform. I have heard that the Linux operating system is less susceptible to hackers than the Mac. Unfortunately, Linux is just as big a security mess as macOS. If your main concern is avoiding malware and that sort of thing, I would stick w...
by tibbitts
Sun Nov 20, 2016 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Wealth advisory services
Replies: 68
Views: 4563

Re: Wealth advisory services

Candidly, the biggest advantage I can see to BCA is the "family communication" piece. I want my wife to be engaged with the money. She complains that I am a control freak, which I am. I manage the investment accounts, I reconcile the bank accounts, etc. As a result, she feels that our fam...
by tibbitts
Sun Nov 20, 2016 10:11 am
Forum: Personal Consumer Issues
Topic: linux versus Mac for the average PC user
Replies: 58
Views: 3005

Re: linux versus Mac for the average PC user

I have been very happy with my experience with the apple platform. I have heard that the Linux operating system is less susceptible to hackers than the Mac. Unfortunately, Linux is just as big a security mess as macOS. If your main concern is avoiding malware and that sort of thing, I would stick w...
by tibbitts
Sun Nov 20, 2016 9:36 am
Forum: Personal Consumer Issues
Topic: linux versus Mac for the average PC user
Replies: 58
Views: 3005

Re: linux versus Mac for the average PC user

I have been very happy with my experience with the apple platform. I have heard that the Linux operating system is less susceptible to hackers than the Mac. Unfortunately, Linux is just as big a security mess as macOS. If your main concern is avoiding malware and that sort of thing, I would stick w...
by tibbitts
Sun Nov 20, 2016 9:32 am
Forum: Personal Consumer Issues
Topic: Michelin Premier AS, anyone have them?
Replies: 13
Views: 1209

Re: Michelin Premier AS, anyone have them?

Had them on an Elantra. Was noisy with old OEM tires and was noisy with Premiers, but whether that has anything to do with tires, I have no idea. I have Primacy on my other car. Was quiet before them, and is quiet after them, again maybe nothing to do with tires. I don't fully understand the reasoni...
by tibbitts
Sun Nov 20, 2016 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Wealth advisory services
Replies: 68
Views: 4563

Re: Wealth advisory services

So the way I'm reading this is that right now you earn a huge salary every plus plus income from investments. Shortly you'll only have the investment income, and you know your wife will still be spending as if you have the huge salary. You want to hire these guys for $35k/yr to tell her that she can...
by tibbitts
Sun Nov 20, 2016 9:01 am
Forum: Personal Consumer Issues
Topic: linux versus Mac for the average PC user
Replies: 58
Views: 3005

Re: linux versus Mac for the average PC user

The downsides to mac are the cost, and the fact that from reviews I've read the recently released macs are terribly disappointing. I have the previous generation mac (at work) and it's nice, but of course I didn't pay for it myself. The cost is not just the higher purchase price, but it's sometimes ...
by tibbitts
Sat Nov 19, 2016 9:27 am
Forum: Investing - Theory, News & General
Topic: What does a bond bear market look like?
Replies: 91
Views: 8494

Re: What does a bond bear market look like?

David Jay wrote:Jonathan CLEMENTS says: "You are not truly diversified unless at least one of your asset classes is doing poorly"

He also says "And sometimes all of your asset classes will do poorly at the same time."

Okay, I just made that up. But he would have said it if he'd thought of it.
by tibbitts
Sat Nov 19, 2016 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Getting Married Question [adjusting withholding]
Replies: 9
Views: 912

Re: Getting Married Question [adjusting withholding]

I just got engaged to my girlfriend and we are trying to save up for a wedding ceremony. Our goal is to have a it in 1 year. I was wondering if we got married legally in court this year, and I subsequently adjusted my W4 form from "single" to "married" with my current job, would...
by tibbitts
Sat Nov 19, 2016 9:14 am
Forum: Investing - Theory, News & General
Topic: What does a bond bear market look like?
Replies: 91
Views: 8494

Re: What does a bond bear market look like?

Some wisdom of a retired 70 year old: You are 50/50 for a reason. Your bond share prices are going down. Have you noticed that your stock prices are going up? Hope this helps. I think the over the recent span of time the OP is looking at, there has really been no place to hide, at least if you have...
by tibbitts
Fri Nov 18, 2016 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: Son has some cash to invest
Replies: 37
Views: 2449

Re: Son has some cash to invest

we're planning to use this for his first house down payment or for a car in about 6 - 7 years

It's time to let go.
by tibbitts
Fri Nov 18, 2016 8:25 am
Forum: Personal Finance (Not Investing)
Topic: IT Contracting Question
Replies: 7
Views: 581

Re: IT Contracting Question

Hi, $80 an hour W2 is a reasonable rate for someone who was making $125,000 salary. If you take a contracting position - you might also want to consider going 1099 or corp to corp instead of W2. If you go 1099, or corp to corp you need to ask for a higher rate than the offered W2 rate to offset the...
by tibbitts
Sun Nov 13, 2016 2:54 pm
Forum: Personal Consumer Issues
Topic: which pickup truck
Replies: 67
Views: 6929

Re: which pickup truck

My wife has horses (big ones) and a large 2-horse trailer with a dressing room. When fully loaded, we're just below 8,000#, and have had no problems pulling everything with our 2011 Chevrolet with the 6.2 engine. Since she's now looking at pulling more, including over a couple significant mountain ...
by tibbitts
Thu Nov 10, 2016 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Risk of not paying sales tax?
Replies: 36
Views: 3807

Re: Risk of not paying sales tax?

The paperwork for sales tax is probably annoying and complicated enough that for the volume she does, she just needs to give the items away. Or, she can find a retailer to sell through that will take away that hassle (and half or more of the revenue.) Then you'd just have other business income/expen...
by tibbitts
Thu Nov 10, 2016 8:17 am
Forum: Personal Consumer Issues
Topic: Camera recommendations- Not SLR
Replies: 52
Views: 3889

Re: Camera recommendations- Not SLR

I have decided to buy the Panasonic LUMIX DMC-ZS100 Camera, (20.1 Megapixels 1-inch Sensor 4K Video, WiFi, 3.0-inch LCD, Leica DC Lens 10X F2.8-5.9 Zoom). Is Amazon good enough site to buy or are there any others. MSRP $ 699. Amazon price 697 There are places that do not charge tax - Adorama and bh...
by tibbitts
Tue Nov 08, 2016 8:50 am
Forum: Personal Consumer Issues
Topic: which pickup truck
Replies: 67
Views: 6929

Re: which pickup truck

Having owned a GM 1500, I'll say that I don't think brand matters that much today. What matters is that you get a 250x or larger. Everything 150x or less is, well, much less when it comes to doing what you might want a truck for. I used mine for light towing (,<5000lbs), and despite all these silly ...
by tibbitts
Mon Nov 07, 2016 8:43 am
Forum: Personal Consumer Issues
Topic: Garage door opener issue
Replies: 19
Views: 1435

Re: Garage door opener issue

When opening the garage door just before the door finishes opening there is a noticeable squeak. It happens at the same point every time. I am wondering since it only squeaks one time if this is an issue besides it needing to be greased. If it was an issue with the track needing to be greased would...
by tibbitts
Sat Nov 05, 2016 9:01 am
Forum: Investing - Help with Personal Investments
Topic: when is market timing acceptable?
Replies: 50
Views: 4424

Re: when is market timing acceptable?

I need to do a substantial asset re-allocation in 2 of my retirement accounts (TIAA and Anerican funds)that together are worth about 600k. Stocks are very much over emphasized in both accounts. I plan on retiring in appx. 10 years. When is the optimum time to re-allocate? Does it make sense to try ...
by tibbitts
Fri Nov 04, 2016 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Car Repair Estimate Uses Used Parts
Replies: 19
Views: 2137

Re: Car Repair Estimate Uses Used Parts

I had a 10 year old car damaged in Tennessee. They estimated the damage with new parts and totaled it. I bought it back from them for $500, fixed with used parts and pocketed $400 on the deal. Does that not result in the car having a "salvaged" title? That's a significant loss of value. D...
by tibbitts
Fri Nov 04, 2016 7:08 am
Forum: Personal Consumer Issues
Topic: Secure alternative to Gmail
Replies: 48
Views: 6756

Re: Secure alternative to Gmail

Will be losing my very secure work email account soon. I have a personal Gmail account, but would like to set up another email account somewhere. Does anyone know of another non-Goggle email provider with good security? I also have a Yahoo email account, but don't consider it very secure. Realize n...
by tibbitts
Fri Nov 04, 2016 6:57 am
Forum: Investing - Theory, News & General
Topic: What time of day do you buy/sell International ETFs?
Replies: 16
Views: 1708

Re: What time of day do you buy/sell International ETFs?

What do lump sum investors that have millions and want their allocation set up that day do? 30,000 shares for just one of a number of funds

They tell their financial guy or girl to take care of it, and then get back to choosing between an 8 and 9 iron for the next shot.
by tibbitts
Thu Nov 03, 2016 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Car Repair Estimate Uses Used Parts
Replies: 19
Views: 2137

Re: Car Repair Estimate Uses Used Parts

Take it to the dealer for the estimate. It might vary by state law, but most places, you are entitled to OEM parts. I can't imagine California would do it differently. JT My understanding was that an insurance is never required to pay for new parts, unless possibly a vehicle is actually new (as in ...
by tibbitts
Wed Nov 02, 2016 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Attorney Question
Replies: 32
Views: 3571

Re: Estate Attorney Question

Anyone at the level where he/she reviews his/her estate planning each year should have access to excellent lawyers and other advisors. The problem, as with financial advisors, is how does one know whether one's lawyers are "excellent", unless you have or develop the expertise (through rea...
by tibbitts
Wed Nov 02, 2016 7:50 am
Forum: Investing - Theory, News & General
Topic: Low Interest Rates: Opportunities Missed?
Replies: 14
Views: 2109

Re: Low Interest Rates: Opportunities Missed?

Recently I switched from TDAmeritrade (margin Interest Rate at 8%(?)p.a. to Interactive Brokers with margin interest at 1 to 2% p.a.). At TDAmeritrade I did not use margin because the high interest rate was a major disincentive. But, frankly, the interest rates at IB are so low that I would not len...

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