Search found 144 matches

by schachtw
Thu Oct 17, 2019 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 141
Views: 10324

Re: What percent of net worth should a persons house be?

What percent of net worth should my house be? I'm thinking of upgrading my house and I don't want to use income as a measure since it keeps changing so I'd rather use net-worth measure. Also I'm 38 and will stay in this house till my kids (who are under the age of 5) finish high-school and possibly...
by schachtw
Tue Sep 03, 2019 7:25 pm
Forum: Investing - Theory, News & General
Topic: For those who have bonds in taxable, why and which ones?
Replies: 42
Views: 3694

Re: For those who have bonds in taxable, why and which ones?

Only one bond fund in our taxable portfolios:
VG Intermediate Tax Exempt.
by schachtw
Tue Aug 27, 2019 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1091
Views: 308138

Re: Share your net worth progression

Never kept detailed records, but I recall the year our net worth crossed the million mark: 1998 - 1.1MM Then came 2000, 2007-2008. . . Fast forward to current: 5.5MM Retired, content, very fortunate. That is incredible. Curious what your profession was? Did you invest in index funds only? I was a d...
by schachtw
Mon Aug 26, 2019 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1091
Views: 308138

Re: Share your net worth progression

Never kept detailed records, but I recall the year our net worth crossed the million mark:
1998 - 1.1MM
Then came 2000, 2007-2008. . .
Fast forward to current: 5.5MM

Retired, content, very fortunate.
by schachtw
Sat Aug 17, 2019 8:23 pm
Forum: Personal Consumer Issues
Topic: Aliens have captured my husband [wants to buy a Porsche]
Replies: 138
Views: 11251

Re: Aliens have captured my husband [wants to buy a Porsche]

Bogleheads - I need advice. My husband, formerly the world’s biggest cheapskate (and I mean that lovingly) has been kidnapped by an alien spirit. He wants to buy a Porsche Panamera. Before you say “late-life-crisis sports car,” I should say that we already did that. About four years ago we got a Ma...
by schachtw
Thu Aug 15, 2019 10:55 pm
Forum: Investing - Theory, News & General
Topic: Personal Flagship Representaive Going Away
Replies: 126
Views: 13605

Re: Personal Flagship Representaive Going Away

We are Flagship Select, supposedly Vanguard's highest level for personal investors. TBH the level of service is not more elite compared to Voyager or Flagship. Half the time my Flagship Select rep is not even available so I get a random FS rep. Almost all the time it makes little to no difference. ...
by schachtw
Sat Aug 10, 2019 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage for Retirees
Replies: 28
Views: 2607

Re: Mortgage for Retirees

From a thread last year: Buying a house in retirement "We purchased in a new city after retiring and before selling our old house. The mortgage company wanted to see ongoing income that met their ratios and it didn't matter that our assets covered many times more than the mortgage. We established a...
by schachtw
Fri Aug 09, 2019 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage for Retirees
Replies: 28
Views: 2607

Re: Mortgage for seniors

My wife and I are both retired, and 68 years. We are in the process of getting approved for our mortgage application. For our situation, the lender is using an ‘asset depletion’ method to determine eligibility. What lender? We've mentioned asset depletion method to several banks and they had no clu...
by schachtw
Fri Aug 09, 2019 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage for Retirees
Replies: 28
Views: 2607

Re: Mortgage for seniors

My wife and I are both retired, and 68 years. We are in the process of getting approved for our mortgage application.

For our situation, the lender is using an ‘asset depletion’ method to determine eligibility.
by schachtw
Thu Aug 08, 2019 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: SS - 6 months rearwards option
Replies: 11
Views: 1163

Re: SS - 6 months rearwards option

As an aside to the topic: I just filed for social security under my own earnings record. I had been collecting spousal benefits. I was reading a Laurence Kotlikoff social security article, and informed of the following rule. If you do not want the 6 month/retroactive lump sum payment, and the associ...
by schachtw
Mon Aug 05, 2019 10:20 pm
Forum: Personal Consumer Issues
Topic: Honda/Acura maintenance minders
Replies: 56
Views: 4330

Re: Honda/Acura maintenance minders

My wife and I each drive a 2012 Acura TSX. For better or worse, we follow the maintenance minders. As was noted in various posts, the alert wrench appears when oil is at the 15% mark. Our dealership has advised us to wait until 10%. They’re both low mileage cars, 49K mikes on both. We hope to drive ...
by schachtw
Sat Jul 20, 2019 6:17 am
Forum: Personal Consumer Issues
Topic: Anyone install fake grass?
Replies: 35
Views: 3551

Re: Anyone install fake grass?

I’ve probably smoked some over the years. Real is better.
by schachtw
Thu Jul 11, 2019 4:08 pm
Forum: Personal Consumer Issues
Topic: Abercrombie & Kent / Kensington Tours
Replies: 1
Views: 286

Abercrombie & Kent / Kensington Tours

Boglehead Community: Has anyone used, or have first-hand experience with either Abercrombie & Kent or Kensington vacation tours (group or private)? My wife and I are thinking of taking an A&K luxury group tour, or use Kensington Tours to create a private tour package for Scandinavia. Any insight or ...
by schachtw
Sat Jul 06, 2019 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: What I spent in 6 months on medicare
Replies: 196
Views: 22462

Re: What I spent in 6 months on medicare

Monthly Medical related costs for wife and myself: 1. Medicare Part B 135.50 X 2 = 271 2. BCBSIL PLAN G supplement 164 X 2 = 328 3. Part D Aetna Basic 16.20 X 2 = 32.40 4. Drug CoPays & non covered meds = 100 5. Dental (no insurance) 80 Budgeted Total Monthly Costs ~ 800/900 If we’re lucky we’ll end...
by schachtw
Sun Jun 30, 2019 10:45 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2527
Views: 465724

Re: What are you up YTD? [Year To Date]

AA is 48/48/4

Up 9.5% YTD
by schachtw
Wed Jun 26, 2019 8:32 am
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 195
Views: 24017

Re: Vanguard Announces Plans to Launch Commodities Fund

Vanguard Commodity Strategy Fund
Ticker: VCMDX
by schachtw
Sat Jun 22, 2019 3:11 pm
Forum: Personal Consumer Issues
Topic: How do you approach tipping at carry-out restaurants
Replies: 111
Views: 8366

Re: How do you approach tipping at carry-out restaurants

For take out, or fast food restaurants - no can do. I agree with previous posters, tipping is gotten way out of hand.
by schachtw
Tue Jun 11, 2019 1:12 pm
Forum: Investing - Theory, News & General
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 145
Views: 13296

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

Cool. I updated a bit the article by adding a short section at the end introducing the 'Simple Example' calculator included in the spreadsheet. https://finpage.blog/2019/02/01/early-retirement-and-time-value-of-money/ And I've been working on the follow-up article, with more considerations about th...
by schachtw
Sat May 18, 2019 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage in Retirement
Replies: 73
Views: 6059

Re: Mortgage in Retirement - related question

I’m planning on buying a new house in the next 2 years. In that timeframe, I also plan to retire. Is there any advantage to obtaining a mortgage in such a situation if one is capable of buying the house outright? I don’t have any immediate need for money but would rather have insurance of additiona...
by schachtw
Sat May 18, 2019 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage in Retirement
Replies: 73
Views: 6059

Re: Mortgage in Retirement - related question

I’m planning on buying a new house in the next 2 years. In that timeframe, I also plan to retire. Is there any advantage to obtaining a mortgage in such a situation if one is capable of buying the house outright? I don’t have any immediate need for money but would rather have insurance of additiona...
by schachtw
Fri May 03, 2019 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1091
Views: 308138

Re: Share your net worth progression

I can easily recall 3 milestones:

1998 - 1MM (Joined the 2 comma club, was 48)
2015 - 4.4MM (retired at 65)
Current - 5.4MM
by schachtw
Mon Apr 29, 2019 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: I'm not going to run out
Replies: 62
Views: 9287

Re: Retirees: I'm not going to run out

I was confident of our financial circumstances going into retirement (4 years ago). I used all the available calculators, e.g., firecalc, Bigfoot’s RPM spreadsheet, MaxiFi, etc. All showing ample discretionary income to last well into old-old age. However, as we all know, nothing is guaranteed. I st...
by schachtw
Wed Apr 24, 2019 6:49 pm
Forum: Personal Investments
Topic: Vanguard Flagship Select Representative ??
Replies: 31
Views: 2949

Re: Vanguard Flagship Select Representative ??

I wonder how many of you are using Flagship reps to answer questions that can be answered here on Bogleheads? Bump. The post where I referenced Representative X, had to do with transferring funds between trust accounts, where we are co-trustees of each other’s trust. VG states this cannot be done o...
by schachtw
Tue Apr 23, 2019 1:06 pm
Forum: Personal Investments
Topic: Vanguard Flagship Select Representative ??
Replies: 31
Views: 2949

Re: Vanguard Flagship Select Representative ??

I’m at the Flagship Select level. Last summer I requested a change, and was turned down. No explanation, no reason offered, nothing. That's not good. How did you request the change? Did you give a reason for wanting to change? Years ago, I called and the call went to a random very knowledgeable rep...
by schachtw
Mon Apr 22, 2019 9:58 pm
Forum: Personal Investments
Topic: Vanguard Flagship Select Representative ??
Replies: 31
Views: 2949

Re: Vanguard Flagship Select Representative ??

Has anybody on the Forum had success with asking for a particular Personal Flagship Representative ?? I recently got into the category for a Flagship Select & Vanguard promptly changed my Representative, who I was quite happy & content with for my many investing years. I kind of miss him as he was ...
by schachtw
Mon Apr 22, 2019 7:32 am
Forum: Personal Finance (Not Investing)
Topic: 10/1 ARM Conf/Jumbo vs 30yr Fixed Conf/Jumbo
Replies: 3
Views: 459

10/1 ARM Conf/Jumbo vs 30yr Fixed Conf/Jumbo

Bogleheads: I'd value community input on 4 mortgage loan options that I'm reviewing. To start, I'll share some metrics: DW and I both 68, and retired. Taxable accounts: 3.2 MM IRA accounts: 2.1 MM Pension and SS monthly revenue: 7K/month GS Marcus account 210K - to be used for down payment Housing I...
by schachtw
Sat Apr 20, 2019 6:59 pm
Forum: Personal Consumer Issues
Topic: USPS In transit Arriving Late
Replies: 37
Views: 13740

Re: USPS In transit Arriving Late

I recently sold an item on eBay. I purchased the requisite postage also via ebay’s site. The package I sent also had the status of “in transit, arriving late” status. I submitted a lost/missing inquiry on the USPS site. Info included tracking number, recipient address, sender data, etc. Within two d...
by schachtw
Wed Apr 17, 2019 1:47 pm
Forum: Personal Investments
Topic: Flagship Select
Replies: 5
Views: 1814

Re: Flagship Select

Asking for a friend, the last time I looked at the benefits of Flagship Select I didn't see much that appealed to me. It would be interesting to see in more detail how someone who uses and likes the Select program benefits from that program. I’m at the Flagship Select level. I tried buying into an ...
by schachtw
Sun Apr 14, 2019 9:12 am
Forum: Personal Finance (Not Investing)
Topic: [Renting now, should we purchase a condo?]
Replies: 2
Views: 189

[Renting now, should we purchase a condo?]

[Moved into a new thread from: UPDATE: How much can I spend on a house? --admin LadyGeek] UPDATE I am the OP, still house-hunting. I have found a condo I like now and am wondering (again) if it is too expensive. My numbers have changed a little from when I first posted, so I am updating. The condo ...
by schachtw
Tue Apr 09, 2019 12:30 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2527
Views: 465724

Re: What are you up YTD? [Year To Date]

AA is 48/48/4

YTD +7%

Taxable:
85% VTI/VOO
15% intermediate tax exempt bonds

Tax Deferred:
100% VG Bond Funds:
Total US & Intl Bond Funds, Intermediate
investment grade

4% VG Prime MM
by schachtw
Mon Apr 08, 2019 6:38 pm
Forum: Personal Consumer Issues
Topic: Solution for a thick wallet
Replies: 58
Views: 5880

Re: Solution for a thick wallet

A previous poster alluded to a “wallet dent on their a**”.
I got tired of mine, and bought a ‘Ridge’ carbon fiber credit card wallet w/money clip. I have 8 cards total (inclusive of ID’s, insurance cards and CC’s).

I keep it my front pocket; the dent is slowly going away.
by schachtw
Fri Mar 29, 2019 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 349
Views: 54938

Re: Does anyone here with net worths north of $1 mil use financial advisors?

Wife and I both retired, mid 7 figure net worth. We were clients of VPAS, for about 1.5 years. Opted out about 2.5 years ago, and have been managing since then. We have a derivation of the 3 fund portfolio, so managing is quite easy. As an aside, I read an article regarding the future of RIA fees. T...
by schachtw
Tue Mar 05, 2019 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: ESPlanner or MaxiFi for an early accumulator?
Replies: 7
Views: 764

Re: ESPlanner or MaxiFi for an early accumulator?

I’ll add the following to what has already been stated about MaxiFi: The software highlights/calculates the total discretionary income available, based on the various parameters input. As noted, some of the variables are: Planning timeframe for each partner Expenses- fixed and variable Income - SS, ...
by schachtw
Tue Feb 26, 2019 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: If you currently or are planning to spend over $120k/year in retirement, what is your projected budget?
Replies: 196
Views: 15687

Re: If you are currently or planning to spend over $120k/year in retirement, what is your projected budget?

jvini wrote:
Tue Feb 26, 2019 12:31 pm
I'd also like to know the retiring portfolio balance of someone planning on spending $120k/year in retirement. It would be interesting to see whether that's 2 million or 4 million (or more or less).
We are budgeting +/- $150K per year. Net worth (excluding SS and pension) is slightly over 5MM.
by schachtw
Sat Feb 16, 2019 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 404
Views: 104635

Re: If your net worth is over $3 million, how did you do it?

My wife and I are both 68, and have been retired for 3.5 years. Our net worth is slightly over 5MM. IMO, four main factors to our building wealth. 1. Regular savings during working years 2. Living below our means 3. Maxing our 401K contributions 4. Keeping investment plan simple. We are very fortuna...
by schachtw
Fri Feb 15, 2019 11:01 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1554
Views: 166377

Personal favorite TV/cable series

[Thread merged into here, see below (next page). --admin LadyGeek] Just thinking about my favorite TV/Cable/Netflix series. In no particular order, here’s what I come up with: Sopranos Breaking Bad The Wire Luther Sherlock Holmes Happy Valley Broad Church Killing Eve (only 1 season so far) Shetland...
by schachtw
Sun Feb 10, 2019 2:33 pm
Forum: Personal Investments
Topic: Which fixed income ? Total Bond, Treasury, Inflation Protected
Replies: 32
Views: 2852

Re: Which fixed income ? Total Bond, Treasury, Inflation Protected

Taxable account: 15% bonds
VG Intermediate Tax Exempt fund

Tax Deferred: 100% bonds
40% TBM, 30% International Bond Fund,
30% Corporate Intermediate Bond Fund
by schachtw
Thu Jan 24, 2019 11:10 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4116
Views: 1174694

Re: What Book Are You Currently Reading? Part VI

Currently reading:


“What Would Happen if the President of the
USA Went Stark-Raving Mad”?

subtitle: Night of Camp David

Author: Fletcher Knebel
by schachtw
Sun Jan 06, 2019 2:39 pm
Forum: Personal Consumer Issues
Topic: Current rental, home purchase question
Replies: 2
Views: 272

Current rental, home purchase question

Bogleheads: Below is the scenario, I'd like feedback on. My wife and I are currently renting. We have a purchase contract on a condo unit, with a contractual completion/closing date of 3/31/19. The contact does state, we have the option to walk away from the deal and get all of our deposit and upgra...
by schachtw
Fri Jan 04, 2019 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 790
Views: 110890

Re: How much money do you want to retire?

My wife and I retired mid 2016, shortly after we turned 65. We had accumulated 4.2MM at that time, so our retirement was totally voluntary.

Our retirement investments (an offshoot of the 3 fund portfolio) have grown to 5MM. BTW, our AA is 50/50.
by schachtw
Tue Jan 01, 2019 7:09 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2527
Views: 465724

Re: What are you up YTD? [Year To Date]

Retired, AA is 50/50.

Per Vanguard, -4.8% for the year. As others have stated, “it could have been worse”.
by schachtw
Tue Dec 25, 2018 6:09 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2527
Views: 465724

Re: What are you up YTD? [Year To Date]

ram wrote:
Tue Dec 25, 2018 6:04 pm
2 pounds. :happy
I do not think anybody is up in dollars this year.
I like it —
Up 2.5 lbs
Down 7.0% YTD
by schachtw
Tue Dec 25, 2018 6:06 pm
Forum: Personal Consumer Issues
Topic: Favorite Purchase of 2018?
Replies: 255
Views: 21867

Re: Favorite Purchase of 2018?

Books and toys, for our 1st grandchild. Nothing better.
by schachtw
Sat Dec 22, 2018 5:01 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2527
Views: 465724

Re: What are you up YTD? [Year To Date]

AA is 50/50

Down just under 6% YTD.
by schachtw
Tue Dec 04, 2018 5:34 pm
Forum: Personal Investments
Topic: TLH of Vanguard Limited Term Tax Exempt Bond fund
Replies: 5
Views: 459

Re: TLH of Vanguard Limited Term Tax Exempt Bond fund

In the interim, you could purchase the VG tax exempt ETF - VTEB. It’s a total tax exempt ETF, comprised of short, intermediate and long term duration bonds.
by schachtw
Mon Dec 03, 2018 3:56 pm
Forum: Investing - Theory, News & General
Topic: I'm up 5% ytd and I will take it
Replies: 55
Views: 6486

Re: I'm up 5% ytd and I will take it

There are those who might think this is a bragging message. It is not intended that way (or maybe just a little). I consider myself a long term investor. But frankly it has been a tough last couple of months. After years of seeing your portfolio go up and up to see it in negative territory for much...
by schachtw
Sun Nov 11, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs in the year one becomes 70 1/2
Replies: 24
Views: 1969

Re: RMDs in the year one becomes 70 1/2

The first RMD does not have to be taken by 70.5
Per the IRS:

Your first RMD must be taken by April 1 of the year after you turn 70½. Subsequent RMDs must be taken by December 31 of each year. If you don't take your RMD, you'll have to pay a penalty of 50% of the RMD amount.
by schachtw
Thu Nov 08, 2018 11:06 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 301
Views: 48426

Re: Whats your number to walk away?

Wife and I both 67, retired for two years.
Have saved, accumulated 5MM.

Quite happy with that number.
by schachtw
Wed Nov 07, 2018 8:15 pm
Forum: Personal Consumer Issues
Topic: Self publishing help needed
Replies: 2
Views: 330

Self publishing help needed

Bogleheads:

My wife has written and has associated illustrations for a children’s book. We need help and advice on self publishing and printing.

Any help and assistance is greatly appreciated.
by schachtw
Wed Nov 07, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 127
Views: 15053

Re: How much money did you receive from family? (Gifts/inheritance)

My parents were blue collar, working class people. My father was a ‘saver’, going to a restaurant for dinner every couple of weeks was a treat.

When my father passed, my brother and I each inherited
an IRA worth 100K, and taxable CDs worth 200K.

We feel very fortunate.