Search found 278 matches

by warowits
Fri Jul 07, 2017 6:05 pm
Forum: Investing - Theory, News & General
Topic: No "sequence of returns risk" what to do about withdrawals
Replies: 35
Views: 2680

Re: No "sequence of returns risk" what to do about withdrawals

I know this is broad question but I wondering what's a reasonable % to take. I've been doing about 4-5%, am in my midsixties and my AA is 50/50. I still like the VPW method. For you if you're 65 and have a 50/50 allocation I would say 4.8% of last years balance should be this years distribution. Ju...
by warowits
Thu Jul 06, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Can you buy a house with little or no income?
Replies: 24
Views: 2064

Re: Can you buy a house with no income?

Let's say you have $300,000 cash in your bank, maybe a $10k existing auto loan (no other loans or debts), but no income, can you still buy a house that's worth, say, $260,000 and put only the traditional 20% down? Will banks give you a mortgage in this case? I would think not, unless it was a renta...
by warowits
Wed Jul 05, 2017 8:03 pm
Forum: Personal Consumer Issues
Topic: Drum sets
Replies: 12
Views: 1004

Re: Drum sets

Craigslist is where you buy, but you need to do your research. Also drum kits do not wear out, but she may be ready for a better kit. In my experience cymbals are the hardest part to find good ones used, and are the part that it is most important not to buy the cheap stuff.
by warowits
Tue Jun 20, 2017 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Need to find Loaded Index Funds
Replies: 64
Views: 3854

Re: Need to find Loaded Index Funds

Due to the new Fiduciary Rule, my firm no longer allows me to invest in no load funds, The contorted logic which would have to go into that sort of reading of the fiduciary rule is literally beyond my comprehension. Believe me, the humor/hypocrisy is not lost on me. My firm is interpreting the Fidu...
by warowits
Mon Jun 19, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Need to find Loaded Index Funds
Replies: 64
Views: 3854

Re: Need to find Loaded Index Funds

AaronS wrote:Due to the new Fiduciary Rule, my firm no longer allows me to invest in no load funds,


The contorted logic which would have to go into that sort of reading of the fiduciary rule is literally beyond my comprehension.
by warowits
Tue Jun 13, 2017 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!
Replies: 75
Views: 5584

Re: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!

However, the video makes a very strong case based on economic facts (not crystal ball as someone suggested). I think even the most confident person will have a bit of doubt after watching it. I am not sure if I am allowed to post it here but it's on youtube and it's called 'James davidson market co...
by warowits
Tue Jun 13, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 12445

Re: Who takes financial chances and why is this forum so financially conservative?

But you really can't rest until you have at least a million and a half for a couple (or the equivalent in pensions). And this is in addition to social security. Two years ago I would have said this is insane. I would have assumed you were being sarcastic, because that is massively more than the ave...
by warowits
Mon Jun 12, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: couple questions about SSA (67 vs 70) and breakeven points
Replies: 20
Views: 1728

Re: couple questions about SSA (67 vs 70) and breakeven points

I'm nowhere near retirement (age or otherwise) but recently I went to SSA.gov and it said If I retire at: 62 I'd get $1324 a month 67 I'd get $1898 a month 70 I'd get $2358 a month You hear a lot about breakeven points but to my mind the biggest issue is I could not live comfortably on $1898 amonth...
by warowits
Sat Jun 10, 2017 10:33 pm
Forum: Personal Consumer Issues
Topic: Babson College
Replies: 30
Views: 2371

Re: Babson College

...what you learned at the school is ultimately more important than name recognition. Do you really believe what they teach is that much different than the other excellent business program in the NE, say, UMass, Boston College, or Northeastern? Or, since the OP is in the 'midwest', that much differ...
by warowits
Sat Jun 10, 2017 11:09 am
Forum: Personal Consumer Issues
Topic: Babson College
Replies: 30
Views: 2371

Re: Babson College

That just demonstrates how elitist southern California has become. Perhaps, but the reality is that there are maybe ~ten national undergrad business schools; the rest are ALL local, with great connections on the local/regional community. Babson is less known on the west than the University of Phoen...
by warowits
Thu Jun 08, 2017 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with a personal finance cynic
Replies: 109
Views: 6077

Re: How to deal with a personal finance cynic

I do think he understands that he is responsible for his future. It is the cynicism that has set in, I feel, that is hindering him doing more than he is. I get the sense that he thinks that it is very hard for most of the common folk to move ahead in this land of opportunity. I am pretty sure that ...
by warowits
Thu Jun 08, 2017 1:52 am
Forum: Personal Consumer Issues
Topic: Dave Ramsey Financial Peace University ??? worth it?
Replies: 120
Views: 7289

Re: Dave Ramsey Financial Peace University ??? worth it?

his fundamental understanding of investing and personal finance is highly flawed. I do not think his understanding of investing is flawed, I think it is transparently self interested. His personal finance advice is quite good, and focuses on behavior. His master plan is to convince you to have a hi...
by warowits
Thu Jun 01, 2017 3:15 pm
Forum: Investing - Theory, News & General
Topic: What makes a Conservative BHer? for retirement purposes
Replies: 16
Views: 1388

Re: What makes a Conservative BHer? for retirement purposes

keystone wrote:Just my opinion, but one who thinks that a 4% SWR is too risky for a 30 year retirement.


+1
by warowits
Mon May 29, 2017 12:51 pm
Forum: Investing - Theory, News & General
Topic: DON'T pay off your mortgage; instead reduce Sequence of Return Risk
Replies: 206
Views: 15877

Re: DON'T pay off your mortgage; instead reduce Sequence of Return Risk

I am not saying that everybody should be 100% equities, I am saying don't borrow money and then turn around and loan it out at a lower interest rate. The example you gave was borrowing at 3.25% to lend out at 2.8%. I'm not sure what those rates are supposed to represent, but a 3.25% mortgage deduct...
by warowits
Mon May 29, 2017 12:47 pm
Forum: Investing - Theory, News & General
Topic: DON'T pay off your mortgage; instead reduce Sequence of Return Risk
Replies: 206
Views: 15877

Re: DON'T pay off your mortgage; instead reduce Sequence of Return Risk

If the logical thing to do would be to pay down the mortgage from your tax advantaged space if you could do it without penalty, why not just pay it down instead of putting it in there in the first place? warowits, Many of my peers followed this logic and then took a more expensive student loan or r...
by warowits
Mon May 29, 2017 12:15 pm
Forum: Investing - Theory, News & General
Topic: DON'T pay off your mortgage; instead reduce Sequence of Return Risk
Replies: 206
Views: 15877

Re: DON'T pay off your mortgage; instead reduce Sequence of Return Risk

warowits, << Clearly it's equities or pay down debt. >> Why is that the only way? It could be borrowed at 3.25% and invested in Wellington (65/35) fund and earned 6+% in the process. It does not have to be 100/0 or 0/100. There are multiple options between 0/100 to 100/0. KlangFool I would argue th...
by warowits
Mon May 29, 2017 11:45 am
Forum: Investing - Theory, News & General
Topic: DON'T pay off your mortgage; instead reduce Sequence of Return Risk
Replies: 206
Views: 15877

Re: DON'T pay off your mortgage; instead reduce Sequence of Return Risk

warowits, << Clearly it's equities or pay down debt. >> Why is that the only way? It could be borrowed at 3.25% and invested in Wellington (65/35) fund and earned 6+% in the process. It does not have to be 100/0 or 0/100. There are multiple options between 0/100 to 100/0. KlangFool I would argue th...
by warowits
Mon May 29, 2017 11:21 am
Forum: Investing - Theory, News & General
Topic: DON'T pay off your mortgage; instead reduce Sequence of Return Risk
Replies: 206
Views: 15877

Re: DON'T pay off your mortgage; instead reduce Sequence of Return Risk

Frankly, unless one is in a high tax rate AND is gaining a significant benefit from itemizing their taxes and/or has a mortgage rate well under 3%, I think that retaining a mortgage in favor of buying bonds makes little sense for most people. Of course there are exceptions, and generalities help no...
by warowits
Tue May 23, 2017 5:01 pm
Forum: Investing - Theory, News & General
Topic: The dot com "do over" bull market?
Replies: 82
Views: 8173

Re: The dot com "do over" bull market?

I think people see a bubble because they look back to 2008-2009 and see the increase from there, but go back to 2002 or 2000 and let me know if the growth of the stock market over a longer period seems unreasonably high. This is a really fantastic point - if you consider the last few years simply p...
by warowits
Fri May 19, 2017 11:16 pm
Forum: Personal Consumer Issues
Topic: Lawyers charging for asking about fees
Replies: 62
Views: 7788

Re: Lawyers charging for asking about fees

Are lawyers "allowed" to bill you for time asking them about fees? Is it common practice? Against ABA guidelines? Just looking for guidance here. Thanks. I would say no in my experience billing people for a quick question about your bill is not common practice. As to ABA guidelines you ar...
by warowits
Mon May 15, 2017 5:52 pm
Forum: Personal Consumer Issues
Topic: Quality decline in off-brand alkaline batteries?
Replies: 28
Views: 1565

Re: Quality decline in off-brand alkaline batteries?

I will occasionally use a non rechargeable battery in my camera flash (Canon 430 ex ii). I only bring it up because at a big event like a wedding you have a fairly consistent discharge of a set of batteries, and can easily compare it to other times you have done the same thing. Brand name batteries ...
by warowits
Sun May 14, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Do i still need Term Life Insurance ?
Replies: 14
Views: 1371

Re: Do i still need Term Life Insurance ?

It is a personal decision, but I would say no.
by warowits
Sat May 13, 2017 1:42 am
Forum: Investing - Help with Personal Investments
Topic: Help a newbie
Replies: 3
Views: 372

Re: Help a newbie

No. It includes those companies, and they make up most of their holdings, but there are also medium and small size companies in there.
by warowits
Wed May 10, 2017 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for Long Term, Starting Small
Replies: 5
Views: 636

Re: Advice for Long Term, Starting Small

I don't see why I shouldn't hold AMZN when its return is 4x the S&P 500. A financial advisor told me to invest in international stocks because they are "undervalued" - what do you think? Is there a better option for where to invest if you think the market is going to take a turn? Or a...
by warowits
Wed May 10, 2017 11:50 am
Forum: Investing - Theory, News & General
Topic: Why Does The 60/40 Work So Well?
Replies: 81
Views: 11734

Re: WHy Does The 60/40 Work So Well?

Why has the 60%/40% asset allocation worked so well? The 35 year bond bull market that started in 1982. The 30 year Treasury bond yielded 14% in February 1982. Today it yields 3.02%. I don't think 30 year Treasury bond yield will fall 78% (14% to 3% from 1982 to 2017) over the next 30-35 years. The...
by warowits
Wed May 10, 2017 9:52 am
Forum: Investing - Theory, News & General
Topic: Uses of Debt
Replies: 21
Views: 2401

Re: Uses of Debt

The thing about spending tomorrow's money is you don't know how hard you will have to work to earn it yet. For example I find I am less likely to make a $1000 purchase with cash from savings than if I can just finance it. Most people are similar. There is no mathematical or tax advantage to getting ...
by warowits
Tue May 09, 2017 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Young professional planning for early semi-retirement
Replies: 34
Views: 4212

Re: Young professional planning for early semi-retirement

livesoft wrote:Try to marry someone with a good job that likes to work, so you don't have to.


I have found it a little hard to sell the dream of early retirement to my spouse because they basically are retired as it is.
by warowits
Sun May 07, 2017 8:28 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 19211

Re: Why save so much for when you're old?

EZ-Pee-Zee other than the fact that virtually no-one can afford to retire ever following the 2% Berstein Rule. I honestly think that it is irresponsible to advocate a 2% withdrawal rate to people just starting to plan for retirement. It does more harm than good. You think 'well we have been very co...
by warowits
Fri May 05, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 19211

Re: Why save so much for when you're old?

Say you want 40k a year in retirement to spend above social security, you will need about a million dollars (ignoring inflation). You are 25 and you want to retire when you are 65, and you expect about a 6% return (ignoring inflation). For a 25 year old saving $538 a month isn't impossible, but it w...
by warowits
Fri May 05, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Motor Home Financing
Replies: 11
Views: 1216

Re: Motor Home Financing

Probably a lot of other information needed, but what is the rate and duration of the loan you are looking at?
by warowits
Wed May 03, 2017 9:29 pm
Forum: Investing - Theory, News & General
Topic: A Boglehead Guide to Buying Individual Stocks
Replies: 85
Views: 7164

Re: A Boglehead Guide to Buying Individual Stocks

oldzey wrote:A Boglehead Guide to Buying Individual Stocks:

Don't!


Read the whole thread to see if I could be the first, but you just beat me.
by warowits
Sun Apr 30, 2017 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: Financial NonAdvice
Replies: 12
Views: 1550

Re: Financial NonAdvice

I would like your wisdom on whether I should try out another financial planner and comments on my current portfolio. Yip You seem to have a good portfolio. Do not be fooled into thinking a more complex strategy is a better strategy, it often isn't. The only thing that I can see is if you have enoug...
by warowits
Thu Apr 27, 2017 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking advice: Pay off student loan or ???
Replies: 15
Views: 1250

Re: Seeking advice: Pay off student loan or ???

I would pay it off without a second thought. If someone offered me a 2% interest $12,000 dollar loan to invest in the market right now I would not accept it.
by warowits
Thu Apr 27, 2017 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Retirement spreadsheet help (excel)
Replies: 11
Views: 736

Re: Retirement spreadsheet help (excel)

abner kravitz wrote:
I hit format/sheet/unhide on mine and it allowed viewing


That is what I was looking for, thanks.
by warowits
Thu Apr 27, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Retirement spreadsheet help (excel)
Replies: 11
Views: 736

Re: Retirement spreadsheet help (excel)

The "Chart Details" change based on the "Input" changes. I played around with this for a while. IMHO, I think the OP simply forgot to enable editing. I have enabled editing. The problem is when you put in age 62 it uses it to calculate both the age you start taking withdrawals a...
by warowits
Thu Apr 27, 2017 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Retirement spreadsheet help (excel)
Replies: 11
Views: 736

Re: Retirement spreadsheet help (excel)

The cells in the bottom half of the spreadsheet are not designed to be changed, only the input section on the top is for changes. It's a pretty basic spreadsheet and won't do a lot of different things, if I understand it correctly. All the calculations are done on a hidden worksheet. Can I unhide t...
by warowits
Thu Apr 27, 2017 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Retirement spreadsheet help (excel)
Replies: 11
Views: 736

Retirement spreadsheet help (excel)

I am using Excel to do a retirement spread sheet and I really like the 'retirement planner' template that Microsoft has here https://templates.office.com/en-us/Retirement-financial-planner-TM04022385 The problem is I am not really knowledgeable about excel and I can't seem to modify it to have a dif...
by warowits
Tue Apr 25, 2017 1:29 am
Forum: Personal Finance (Not Investing)
Topic: Helping adult children
Replies: 81
Views: 8800

Re: Helping adult children

I'd love to hear comments from folks who may be in a similar situation. Do you feel it's necessary to let Son 2 specifics as to how you are helping Son 1's family. Is it really any of his business while we are still alive? Fair is fair, irrespective of what one needs. I see no health- or safety-rel...
by warowits
Mon Apr 24, 2017 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Helping adult children
Replies: 81
Views: 8800

Re: Helping adult children

I am in my early 30s, and my parents have 5 adult children, many of whom have been helped out financially at one time or another. The idea that they would give me money to make it 'even' when one of my brothers needed help is insulting. I am an adult. I have no claim to my parents money. They can sp...
by warowits
Mon Apr 24, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 20983

Re: Any regrets living a frugal life for high income/high networth individuals?

I wasn't really sure how this measured, but I used this https://dqydj.com/net-worth-by-age-calculator-for-the-united-states/ Which is using data from the 2013 Federal Survey of Consumer Finances (2016 survey data doesn't appear to be out yet) :thumbsup to what WolfgangPauli said.... I can't think o...
by warowits
Sat Apr 22, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Crazy - but can a CFP get paid on their own assets?
Replies: 15
Views: 1919

Re: Crazy - but can a CFP get paid on their own assets?

Why would you bother? Its already your money.
by warowits
Sat Apr 22, 2017 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Should some professions tell people how much they make?
Replies: 39
Views: 5267

Re: Should some professions tell people how much they make?

People who hire you and then quit after 2 months clearly aren't doing because of your appearance. Make sure in your marketing that tutoring should be a long term commitment. Maybe even sign yearly contracts once they have done an intro period. I can't sign my kid up for flute lessons or gymnastics w...
by warowits
Fri Apr 21, 2017 10:01 pm
Forum: Personal Consumer Issues
Topic: 2017 Mazda CX-5 vs. 2017 Honda CRV
Replies: 17
Views: 3077

Re: 2017 Mazda CX-5 vs. 2017 Honda CRV

The difference to me seems to be that the Mazda is more engaging to drive and the Honda is better in basically every other way. I would buy the Honda if it were a new car year. Rear seat and cargo space in the CRV are very good. I need a vehicle to haul kids and groceries, so if your life is more ex...
by warowits
Sun Apr 16, 2017 10:37 am
Forum: Investing - Theory, News & General
Topic: Mercedes Benz Demand Notes 1.6%
Replies: 21
Views: 2703

Re: Mercedes Benz Demand Notes 1.6%

I feel like you are not being adequately compensated for the added risk you're taking.
by warowits
Sat Apr 08, 2017 2:27 am
Forum: Investing - Theory, News & General
Topic: Kindle Specials on Four Pillars and If You Can
Replies: 22
Views: 3400

Re: Kindle Specials on Four Pillars and If You Can

Did I miss it already? Was it really just one day?
by warowits
Sun Apr 02, 2017 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Young-ish bogleheads: How much (if any) social security do you expect in retirement?
Replies: 88
Views: 4922

Re: Young-ish bogleheads: How much (if any) social security do you expect in retirement?

I assume that it will be around at about 75%-85%. I assume that they will fiddle with increases/inflation to get to that level without actually "cutting" SS. For someone saving for and thinking about retirement you will likely only be getting about 40% of your retirement income (perhaps fa...
by warowits
Tue Mar 28, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 5444

Re: Daughter maxed out credit cards, needs help from me

Your plan sounds good, just be clear that this won't keep happening. If her boyfriend is getting money from family for living expenses, and now she is getting the same, they have built a life that cannot work. It must change, but you already know that. Perhaps tell her she can get a loan from the ba...
by warowits
Mon Mar 27, 2017 6:20 pm
Forum: Investing - Theory, News & General
Topic: Like ability to buy/sell ETF shares relatively instantantly, or doesn't really matter in the long run?
Replies: 4
Views: 331

Re: Like ability to buy/sell ETF shares relatively instantantly, or doesn't really matter in the long run?

Because you don't know where the market is going, sometimes you will pay a little more, sometimes a little less with an ETF. Over time I would expect them to even out. There are some real behavioral pitfalls with ETFs though. If small daily changes occupy your mind, you are more likely to do somethi...
by warowits
Sat Mar 18, 2017 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: A newbie to Boglehead system, looking for some advice
Replies: 5
Views: 435

Re: A newbie to Boglehead system, looking for some advice

There are reasons a person may decide not to invest in emerging markets, as there is increased risk there. But I think if you just start your charts a couple years earlier you'll see that EM did very well. If the point is to buy low and sell high, emerging markets right now are low, and us stocks ar...
by warowits
Fri Mar 17, 2017 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: IRA or SEP-IRA?
Replies: 4
Views: 230

Re: IRA or SEP-IRA?

I don't think it matters to the IRS.

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